WEST PALM BEACH, Fla. — As most of us look to chop prices and follow budgets, the value of automobile insurance coverage in Florida is predicted to maintain rising.
WPTV senior reporter Matt Sczesny is monitoring the charges and asking why the value to insure your automobile continues to extend.
WATCH BELOW: Why are Florida’s automobile insurance coverage charges nonetheless accelerating?
Florida automobile insurance coverage charges may rise 10% in 2025, report say
We discovered that online insurance agent Insurify stated auto insurance coverage charges in Florida will go up 10% this yr. One huge cause is one thing that comes with being a closely populated state like Florida — plenty of wrecks.
Insurify’s numbers in Florida present {that a} 10% soar will drive up the common full protection coverage to simply beneath $3,500 a yr.
Nationally, the hike is just anticipated to be 5%.
However Insurify analyst Chase Gardner stated it is not simply how we drive that has effects on the charges.
“Different components are out of drivers’ management,” Gardner stated. “That features inflation, which has been affecting everybody throughout the nation however issues can sort of spiral in a state of affairs like Florida the place you even have the place you might have very extreme and actual threats due to pure disasters probably exacerbated by local weather change.”
He identified that hurricanes Helene and Milton final yr did plenty of injury to automobiles due to flooding and that drives up claims, making it a tricky yr for auto insurers in Florida.
Insurify’s report stated automobile insurance coverage charges within the U.S. have soared 42% since 2022 and 15% in 2024.
As all the time, you’re suggested to buy round to seek out the most cost effective charge. Additionally, think about using the insurance coverage firm’s app, which screens your driving habits however can save your just a few hundred {dollars}.
