Archived Post: This post has been archived and is no longer being actively updated. It previously discussed Progressive's potential (and later confirmed) excess profits credit for eligible Florida auto insurance policyholders tied to the 2023–2025 accident years. For the latest information on this topic, see the author's updated post: Progressive Confirms Excess Profits Credits for Florida Auto Policyholders in 2026. Update (January 2026): Earlier this year, I shared that Progressive may issue excess profits refunds to eligible Florida auto insurance policyholders in 2026. That update has now moved from possible to confirmed. Progressive has announced it will issue excess profits credits tied to the 2023–2025 accident years, with credits beginning to roll out in 2026. While this isn’t a discount or promotional rebate, it does affect how Florida drivers should think about timing and eligibility. For additional context, see my update on Progressive’s Florida excess profits credit.
Progressive recently announced that it may return excess profits to eligible Florida auto insurance policyholders in 2026. This possible refund comes after a year of favorable market conditions, fewer claims, and key legislative reforms that helped stabilize the state’s auto insurance market. The company stated on October 15, 2025, that it has already reduced rates for Florida drivers twice in the past year, yet it may still exceed the profit limit allowed under Florida law. When that happens, state law requires insurers to return the excess profit to customers in the form of a rebate.
If Progressive insurance company confirms that it has gone over that threshold, refunds will be distributed to eligible policyholders sometime in 2026. According to the company, this rebate process will not affect agent commissions or existing policy rates. For many Florida drivers, this announcement is a welcome sign that real savings could finally be on the horizon after years of volatility in the state’s auto insurance market.
Those improving conditions are also the reason Florida auto insurance rates are finally coming down after several years of steep increases
Changes like these are one of the invisible factors that affect your Florida auto insurance rates, even though they happen completely behind the scenes and have nothing to do with how you drive.
Just this past week, one of my longtime clients was preparing to renew her Progressive policy in November. I found her a slightly better rate with GEICO — about $100 in savings for the same coverage — and she was ready to switch. But when we started talking about the possible Progressive rebate, I explained that to qualify, she’d need to have an active Progressive policy by the end of the year. If she switched too soon, she could miss out.
I told her, “We don’t know how much the rebate will be, and a bird in the hand is worth two in the bush. So maybe we should switch now and save that money while it’s right in front of us.”
She laughed and said, “Yeah, but I don’t want to miss out on free money.” Then she thought about it for a moment and said, “What if we just wait until January?”
I told her, “Yes, that makes sense. You can cancel mid-term, there’s no penalty, and you’ll receive a refund for any unused portion. That way, you can still qualify for the rebate and start saving with GEICO afterward.”
She was absolutely right — and that’s the kind of real-world decision Florida drivers are facing right now.
It’s also a perfect example of why timing can make or break your Florida auto insurance quote, because sometimes waiting a few weeks creates a better overall financial outcome.
If you’re insured with Progressive, it might make sense to stay active through the end of 2025 just to see if the rebate comes through. At the same time, it’s smart to keep comparing quotes, because even a generous rebate might not outweigh the long-term savings from switching to a lower rate. Different insurers often reach different prices because they evaluate the background reports behind your Florida auto insurance quote differently during underwriting. Every driver’s situation is unique, and that’s where an experienced independent agent can help you weigh your options and make the most informed choice.
You can read what real Florida drivers say about working with me on my Google Business Profile, or reach me directly at 305-796-2968.
Related Florida Auto Insurance Guides
Whether you’re buying a new policy, comparing quotes, understanding Florida insurance laws, or looking for ways to lower your premium, these in-depth guides will help you make more informed insurance decisions.
• Florida Auto Insurance – Start with our complete guide to buying, comparing, and understanding Florida auto insurance from the ground up.
• Florida Auto Insurance Coverage and Claims – Learn how liability, collision, comprehensive, uninsured motorist coverage, and the claims process work before you ever need them.
• Florida Auto Insurance Laws and Requirements – Understand Florida’s insurance laws, minimum coverage requirements, FR-44 and SR-22 filings, and the legal responsibilities every Florida driver should know.
• Safe Driving & Saving Money – Discover the many factors that influence your premium, practical ways to reduce your insurance costs, and how smart driving habits can help you save over time.
• Florida FR-44 Insurance – Everything Florida drivers need to know about FR-44 insurance after a DUI, including filing requirements, reinstatement, non-owner policies, and affordable coverage options.
Continue Reading About Safe Driving & Saving Money
- The 15 Invisible Things Raising Your Florida Auto Insurance Rate (That No One Ever Explains) – Start with our complete Safe Driving & Saving Money guide to learn about the hidden factors that influence your Florida auto insurance premium and the practical steps you can take to keep your costs down.
- Florida Auto Insurance Quotes: Why Timing Matters as Much as Price — Learn why the day you shop for insurance can influence both your options and your premium.
- The Reports Behind Every Florida Auto Insurance Quote — Discover the reports insurance companies review before calculating your rate.
- Why Your ZIP Code Can Raise (or Lower) Your Florida Car Insurance — See how location affects premiums, even for drivers with identical records.
- What Snapshot, Drivewise, and Every Other Telematics App Really Do to Your Rate — Understand how driving-monitoring programs can lower—or sometimes increase—your insurance costs.
- Your Car Might Be Talking to Your Insurance Company — Learn how connected vehicle technology is changing the way insurers collect driving data.
- Cars Are Safer Than Ever… So Why Has Collision Coverage Never Been More Expensive? — Find out why advanced safety technology has also made many repairs significantly more expensive.
- Florida Auto Insurance Rates Are Finally Dropping in 2026 — Here’s What Changed — A closer look at the market conditions that led to declining premiums.
- Florida Auto Insurance: Rate Cuts and Refunds in 2026 (Archived) — Historical reference documenting insurer refunds and temporary rate reductions.
- Progressive Florida Rebate 2026 (current article) (Archived) — Background on Progressive’s rebate program and its place in recent market history.
- Progressive Florida Rebate Credit (Archived) — Learn why Progressive issued rebate credits, who qualified, and what those refunds meant for Florida policyholders during that unique period.
About the Author
Written by Clifford Schimek — Florida Auto & FR-44 Insurance Expert
I help Florida drivers every day with auto insurance quotes and FR-44 filings. My goal is to make everything simpler and less stressful, no matter where you live in the state. If you ever need help or just want a straight answer, you can always call or text me directly.
Clifford Schimek – Florida Auto & FR-44 Insurance Expert
Call or text: 305-796-2968
Learn More About Cliff
Why Clifford Schimek? – The case for working with me
Florida Auto Plus Insurance – Agency website
Florida FR-44 Information and Guidance – For Florida drivers who need an FR-44 filing
View my Google Business Profile – Reviews and business information