Millions of US drivers just scored $1B in ‘auto insurance refunds’ from Progressive. And more expected to follow. Are you entitled to a fat check?

 “Florida’s insurance market is stabilizing with decreasing auto and home insurance rates and frivolous litigation is declining,” DeSantis said in a press release (1). “This year, Florida’s top five auto insurers are averaging over a 6% rate reduction and we've secured nearly $1 billion in credits for Progressive auto policyholders — and the other carriers are expected to follow suit soon.”

Florida Chief Financial Officer Blaise Ingoglia celebrated the move.

“It’s a good day when the insurance companies are the ones sending the checks to the policyholders instead of receiving checks from policyholders,” Ingoglia said.

DeSantis said the size of each refund will depend on how long a policyholder has been with the company, but the average Florida policyholder can expect “a $300 rebate” from Progressive (2).

Progressive later clarified the timing and eligibility details:

“Progressive currently expects Florida personal auto policyholders active as of December 31, 2025, will receive a credit in 2026. The actual credit amount for each policyholder will vary in proportion to each auto policy’s earned premium during calendar year 2025 and will depend on final year-end financial results for 2025 (3).”

As of September, Progressive had roughly 2.7 million active personal auto policyholders in Florida.

Progressive spokesperson Jeff Sibel later said the method of refund — whether a check or a renewal credit — will depend on how each policyholder pays their premiums.

“Active Florida policyholders as of 12/31/25 will not need to take any action to receive a credit in 2026,” Sibel said. “If an eligible policyholder has an outstanding balance or renewal payment due, they will receive a credit on their statement. If the eligible policyholder has no balance due, or their credit is greater than their next payment, the remaining credit will be returned via their recent regular payment method."

How to lower your car insurance — no matter where you live

Florida has long ranked among the most expensive states for car insurance, but the trend may finally be shifting.

In July, Florida Insurance Commissioner Mike Yaworsky reported a statewide decline in auto rates: the top five insurance groups are showing an average 6.5% rate decrease for 2025 — a sharp reversal from a 4.3% increase in 2024 and a staggering 31.7% jump in 2023 (4).

While Florida’s insurance market may finally be catching a break, drivers across the rest of the country are still feeling the squeeze. Nationwide, the average cost of car insurance has surged 55% since 2020, according to the Bureau of Labor Statistics (5).

Car insurance is a major recurring expense and many people overpay without realizing it. According to Forbes, the average cost of full-coverage car insurance is $2,149 per year (or $179 per month).

However, rates can vary widely depending on your state, driving history and vehicle type and you could be paying more than necessary.