FLORIDA — Most Florida drivers are expected to get a break on their car insurance bills starting this month.
Taking Action Reporter Jackie Callaway confirmed at least seven major auto insurance companies are expected to cut drivers’ bills in either April or May.
There are fewer cars on the road, and fewer accidents, after safer-at-home orders. That means insurance companies are shelling out less money on claims and now the insurers are passing on those savings to millions of Florida drivers.
“They are now giving some of that money back to clients because claims are not going to be as high as they anticipated,” said Jami Swafford, of Swafford Insurance in Tampa.
Swafford said Progressive is cutting premiums by 20%t for April and May and other insurers are giving similar discounts, which amount to about a billion in savings for consumers.
ABC Action News has confirmed the following major auto insurers are issuing temporary rate cuts or refunds starting in April or May:
- Liberty Mutual
- State Farm
Drivers who have insurance with those companies don't have to do anything to get this automatic discount.
Drivers using an auto carrier which hasn’t announced a discount, should call their insurance agent or reach out to the company directly to ask about savings.