ORLANDO, Fla. — State regulators are announcing that the five largest car insurance companies in Florida are cutting rates for this year, with average savings of 8%.
Florida Insurance Commissioner Mike Yaworsky says these new rate cuts will affect 78% of the drivers in Florida. Savings will depend on driving record, the vehicle model and the specific insurance company.
Bryan Russi has been driving in Florida for 30 years and paying for car insurance that entire time. He’s happy to hear his car insurance bill with GEICO is going down this year…