Major insurers are cutting rates and issuing refunds across the state. Find out if you’re owed a credit — and what’s driving the good news.
- ~$1B Progressive refund to FL policyholders
- 42 FL auto insurers filing rate decreases
- $300 Average Progressive credit per driver
If you’re a Florida driver, there’s genuinely good news headed your way — and it might already be on its way to your mailbox. A wave of auto insurance rate cuts and policyholder refunds is sweeping the state, and Southwest Florida residents in Punta Gorda, Estero, and Naples stand to benefit directly.
Progressive is returning nearly $1 billion to Florida drivers
The biggest headline: Progressive is issuing credits to its approximately 2.7 million Florida personal auto policyholders. Governor DeSantis announced the news publicly, noting the average driver will receive about $300 — either as a check or a bill credit applied in 2026.
Why is this happening?
Florida law requires insurers to return excess premiums when they collect more than is allowable over a three-year window. Thanks to legal reforms passed in 2022 and 2023, losses dropped sharply — which means premiums collected by Progressive exceeded what the law permits. The refund isn’t a gift; it’s legally mandated.
The exact credit amount for each policyholder will vary based on how much they paid in premiums during 2025. If you’re a Progressive customer, keep an eye on your account — this credit should appear automatically.
Other major insurers are cutting rates, too
Progressive’s refund isn’t happening in a vacuum. Here’s a snapshot of rate decreases recently approved by Florida’s Office of Insurance Regulation:
| State Farm | −10.1% | Progressive | −8.0% |
| Florida Farm Bureau | −8.7% | USAA | −7.0% |
| AAA | −15.0% | Allstate | −4.0% |
State Farm’s reduction is its third since 2024, totaling more than 20% in cuts — amounting to over $1 billion in statewide savings for its customers. USAA’s 7% decrease is expected to save Florida members more than $125 million annually, with the change taking effect by May 2026.
Across all personal auto lines, 42 insurance companies have filed for rate decreases over the past year — 32 of those in the last six months alone.
What changed? Florida’s legal reforms are working.
For years, Florida had one of the most expensive auto insurance markets in the country — largely due to rampant litigation abuse. Legal disputes over modest claims were generating attorney fees that dwarfed the actual payout. A $50,000 dispute might result in $350,000 in legal fees. Those costs were passed directly to policyholders through higher premiums.
The reforms enacted by Florida’s Legislature in 2022 and 2023 changed that. By making it harder for plaintiffs’ attorneys to recover outsized fees, the legislation dramatically reduced the volume and cost of insurance litigation — and insurers’ losses fell with it. The savings are now being passed back to drivers.
What should you do right now?
Check your insurer. If you’re with Progressive, a credit is coming your way. If you’re with any of the carriers listed above, your next renewal should reflect a lower rate.
Shop your policy. With rates dropping industry-wide, now is one of the best times in years to compare coverage options. You may find that better coverage is available at a lower price than what you’re paying today.
Talk to a local agent. National trends matter, but your specific coverage, deductible, and situation matter more. At Jones Family Insurance, we work with clients across Punta Gorda, Estero, and Naples to make sure you’re not leaving money on the table — and that you have the right protection for Southwest Florida’s unique risks, from storm season to coastal living.
Ready to review your policy?
Our team can help you find out if you’re owed a refund, lock in new lower rates, and make sure your coverage still fits your life. Give your nearest Jones Family office a call — we’re local, and we know Southwest Florida.
Punta Gorda 941-205-0191
Estero 239-552-4111
Naples 239-227-2349