Three Florida Insurers Announce Rate Cuts: USAA Auto Rates Down an Average of 7 Percent on More Than 498,000 Policies, Mangrove Homeowners Down 5.6 Percent
Florida — Three more insurance carriers have announced reduced rates for auto, homeowners and condominium unit policies in Florida, affecting more than half a million policies, Insurance Journal reported on October 28, 2026.
USAA, which serves military service members and their families, said it had reduced auto rates by an average of 7 percent for more than 498,000 policies.
The Florida Office of Insurance Regulation said in a bulletin that Brevard, Escambia and Okaloosa counties, the largest share of USAA customer base, will see average decreases of 5.8 percent, 8 percent and 8.4 percent respectively.
The regulator noted that the top five auto groups are showing a 2026 indicated rate change of negative 12.6 percent, affecting 81 percent of Florida auto market, as of this fall.
For homeowners, St. Petersburg-based Mangrove Property Insurance announced an average 5.6 percent statewide decrease for its HO3 program. The reduction was made on a use-and-file basis, and the Florida regulator has not yet reviewed the plan, the report said.
Regulator quarterly reports show Mangrove had more than 48,000 homeowner policies in March of this year, according to the report.
Ormond Beach-based Security First said it will trim HO6 rates by an average of 7.3 percent. The company noted the reduction has been filed and is in effect for more than 20,000 policyholders.
Published by GSM · USA (original Chinese edition)
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