Florida auto insurance rates expected to climb 18% amid concerns over third-party litigation funding

Florida drivers are projected to face an 18% increase in auto insurance premiums by the end of 2024, according to a recent Insurify report. The average annual cost of full coverage is expected to rise from $2,910 in December 2023 to $3,444, with third-party litigation funding (TPLF) and increased attorney advertising driving up insurance costs statewide.