USAA membership is limited to active-military, veterans and eligible family members. In Florida, it serves approximately 600,000 members.
Florida Insurance Commissioner Mike Yaworksky and USAA, the Sunshine State’s fourth-largest auto insurer, announced plans to reduce annual auto insurance rates for its members in Florida by an average of 7%.
The rate reduction, announced Wednesday, Jan. 28, is expected to take effect by May 2026, resulting in more than $125 million in estimated annual savings for the United States Automobile Association’s approximately 600,000 Florida members, according to the news release.
Membership is limited to active-duty military, military veterans and eligible family members.
“This rate decrease reflects improving conditions in Florida’s insurance market, as well as our ability to price competitively while maintaining the financial strength to take care of our members when they need us,” said Randy Termeer, property-and-casualty insurance president of the San Antonio, Texas-based USAA.
“Florida’s leaders have done great work to strengthen the insurance system and support a more stable, competitive market for Floridians.”
Other auto and home insurers are also cutting rates in Florida
Yaworsky and Florida Gov. Ron DeSantis this month announced planned rate cuts by several other auto insurers in the Sunshine State.
- The Florida Farm Bureau is cutting rates by an average of 8.7%.
- Progressive is cutting rates by an average of 8%.
- State Farm is cutting rates by an average of 10.1%.
- AAA Auto Club is cutting rates by an average of 15%.
- Allstate is cutting rates by an average of 4%.
“Going into the new year, the Office of Insurance Regulation is not slowing down on approving rate decreases or zero-percent increases from insurance companies,” said Yaworsky. “USAA is just one of many auto insurance companies that OIR is having great conversations with to ensure reductions for policyholders.”
What is USAA?
The United States Army Automobile Association was formed on June 20, 1922 when a group of Army officers met at the Gunter Hotel in San Antonio, according to the website for USAA. “At the time, auto insurance companies considered military officers to be high-risk customers, so they decided to team up and provide insurance for each other.”
In 1923, the organization began to extend eligibility to other branches of the armed services and was renamed the United States Automobile Association. In 1996, eligibility was extended to enlisted personnel serving on active duty, the National Guard and selected reserves. In 2009, USAA extended eligibility to include all who are serving or have honorably served the nation in the U.S. military.
USAA has major regional offices in several U.S. cities, including Tampa at 17299 Commerce Blvd., as well as three overseas locations. It employs more than 38,000 people worldwide.
USAA currently has a total of approximately 14 million members.
Who are Florida’s largest auto insurers?
According to industry trade publication Insurance Business magazine’s latest annual ranking based on market share which it published in November 2025, Florida’s five largest auto insurers are as follows (market share in parentheses):
- Progressive (32.41%)
- State Farm (23.08%)
- Allstate (9.49%)
- USAA (8.24%)
- Berkshire Hathaway (GEICO) (7.16%)
What are the current rates for USAA, Progressive and other insurers?
According to Insurance Business magazine, the average annual premium for full-coverage auto insurance in Florida for the state’s five largest insurers were as follows (as of November 2025), starting from the cheapest to most expensive:
- USAA $1,407
- GEICO $1,731
- Progressive $1,960
- State Farm $2,167
- Allstate $2,605
Clayton Park is a journalist for the USA TODAY NETWORK FLORIDA. He covers everything from insurance, utilities and home prices to groceries, gas and auto prices as the Florida consumer pocketbook reporter. If you have news tips, please send them to cpark@usatodayco.com. You can get all of Florida’s best content directly in your inbox each weekday by signing up for the free newsletter, Florida TODAY, at https://news-journalonline.com/newsletters.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.