Root Lowers Florida Auto Insurance Rates by 15%

MT Newswires Live

08/28

Root (ROOT) said late Thursday its new rates will lower auto insurance premiums for Florida customers by 15% on average, with some policyholders seeing even more notable decreases, citing legislative reforms enacted in 2022 and 2023.

The company said eligible customers are expected to save about $400 per year on average, representing approximately $21 million in annualized savings.

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