A new actuarial study by the American Property Casualty Insurance Association (APCIA) shows Florida’s insurance reforms enacted in 2019, 2022 and 2023 are reducing costs, litigation and insurance rate increases while increasing policyholder credits and dividends.
The Insurance community says in 2025, Florida consumers paid around $3 billion less for personal auto and homeowners insurance in 2025 than the year before.
“The reforms have also contributed to lower auto insurance rates, slower homeowners rate increases, a sharp decline in litigated homeowners claims, and an 80% reduction in the state-run insurer’s market share,” said APCIA.
Uber said they saw their insurance costs in the state going down.
Republican legislators looking to capitalize on this election season point to the point to the reforms that began in 2019, with legislation signed into law that curbed litigation when policyholders assigned their policy benefits to other parties. In 2022, legislation was signed to address homeowner insurance and eliminate abusive practices.
During the DeSantis administration, the legislature passed policy in 2023 that was subsequently signed into law that expanded the 2022 reforms to include private passenger auto liability and made various changes to the comparative negligence standard, personal injury statute of limitations and phantom damage reform.
The insurance lobby says their latest findings show that since the reforms have been in place, consumers have benefitted from lower personal auto rates and a slow down of increases in homeowners rates, with the number of litigated homeowners claims plummeting. Additionally, the market share of the state-run insurer of homeowner insurance has fallen by 80%.
