TAMPA, Fla. - State Farm, one of Florida’s largest auto insurers, has filed to lower auto insurance rates by 10% for drivers across the state.

Timeline:

If approved, the reduction would take effect in early 2026 and deliver additional savings to roughly two million policyholders.

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The company says the filing continues a trend of returning value to customers as market conditions improve. Since October 2024, State Farm has reduced its overall auto premiums by more than 20%, resulting in a total annual savings of over $1 billion statewide.

What they're saying:

"This isn’t happening by accident," wrote Allyson Watts, senior vice president at State Farm, in an op-ed published in September. "It’s the direct result of F

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