Florida Commercial Auto Insurance Profitability (2023)

In 2023, Commercial Auto insurers earned $4.7B in premiums in Florida and ran a 86.8% loss ratio — the 5th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

Florida loss ratio

86.8%

12.4% above national

Premiums earned

$4.7B

Underwriting profit

-24.8%

Nationally, Commercial Auto ran a 74.4% loss ratio in 2023, so Florida is above the national average. See how every state compares on the Commercial Auto market page.

Getting Commercial Auto coverage in Florida

See recent Florida rate filings on the Florida rate page, learn how Commercial Auto works in our Commercial Auto guide, then compare real quotes for your business.

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Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.