Reviewing Auto Insurance In Florida

In 2025, Florida’s auto insurance market is showing rare signs of cooling after years of staggering hikes. While it remains one of the most expensive states in the country, recent legislative reforms have led to the first meaningful rate decreases in years for many residents.

2025 Market Overview

• Rate Trends: After a 31% jump in 2023, the top five insurers (controlling 78% of the market) have indicated an average rate decrease of 6.5% for 2025. Some companies have filed for decreases as high as 11.5%.

• Average Costs:

  • Full Coverage: Average is approximately $3,884/year ($324/month).

  • Minimum Coverage: Average is approximately $1,056/year ($88/month).

• Shopping Surge: Shopping for new policies is up 16% year-over-year, as nearly half of Florida drivers are actively comparing quotes to capture these new lower rates.

Key Requirements (Florida Law)

Florida is a “No-Fault” state, which dictates specific minimum coverage that differs from most other states:

• $10,000 Personal Injury Protection (PIP): Covers 80% of your medical bills and 60% of lost wages regardless of who caused the accident.

• $10,000 Property Damage Liability (PDL): Covers damage you cause to someone else’s property (car, fence, etc.).

• Note on Bodily Injury (BIL): Unlike most states, Florida does not require BIL for most drivers, though it is highly recommended to protect your assets if you are sued.

Top Carriers in Florida (2025 Rankings)

Based on affordability, customer satisfaction (J.D. Power), and financial strength:

Why is Florida so expensive?

Even with the recent decreases, Florida remains a “high-risk” state due to:

1. Uninsured Motorists: Roughly 20% of Florida drivers are uninsured (vs. 12% nationally).

2. Weather Risk: Hurricanes and flooding lead to high comprehensive (flood/wind) claims.

3. Fraud & Litigation: Historically high rates of staged accidents and “windshield fraud,” though 2023/2024 legal reforms are beginning to curb this.

4. Density: High traffic volume in Miami, Tampa, and Orlando leads to more frequent collisions.

Tips for Lowering Your Premium

• The “90-Day” Rule: If you are a part-time resident (snowbird), you must have Florida insurance if your car is in the state for more than 90 days a year.

• Bundle and Save: Florida insurers offer significant discounts for bundling auto with homeowners insurance, even though the property market is also volatile.

• Telematics: Opting into tracking apps (like State Farm’s Drive Safe & Save) can save safe drivers up to 30%.

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Call Dorsal Insurance today for a quote (786) 601-2485