Florida, Oregon, and New York saw the biggest decline in auto insurance premiums between 2025 and 2026, according to a new report by personal lines insurance broker Freeway Insurance.

Findings from its latest Auto Insurance Report indicate that insurance costs may be stabilizing in several markets following years of widespread premium increases.

Both full coverage and liability-only coverage showed moderation as rates decreased.

The insurer’s analysis is based on actual policy purchase transactions through Freeway. By analyzing completed policy transactions, the report provides insight into pricing trends observed within the insurer’s own customer base.

The following states showed the largest year-over-year decreases in average monthly premiums:

Florida: -19%
Oregon: -15%
New York: -11%
Illinois: -11%
Arizona: -10%
Alabama: -10%
Wisconsin: -9%
Colorado: -8%
Georgia: -8%
Texas: -8%

Florida, New York, and Oregon also recorded the largest dollar-term reductions in premiums, with average monthly premiums decreasing by more than $30 during the study period.

Regional differences in premiums can be attributed to several factors, such as population density and repair cost exposure.

Several market conditions may have contributed to lower average premiums in certain states, including improved insurer profitability, increased carrier competition, moderating claims frequency, stabilization in vehicle repair costs, and broader shifts in underwriting and market conditions.

Analysis showed rate reductions were most pronounced among lower‑risk drivers.

The findings represent aggregated customer data and should not be interpreted as statewide rate reductions for all drivers, Freeway cautions. Individual premiums continue to vary based on factors including driving history, age, location, vehicle, coverage selections, insurer, underwriting criteria, available discounts, and other individual rating factors.

The analysis is based on anonymized, aggregated premium data from eligible single-driver, single-policy auto insurance (1.75 million) policies issued through Freeway Insurance during the first quarter of 2025 and the first quarter of 2026. The analysis reflects realized policy outcomes rather than quoted rates and excludes commercial auto products.