Florida Faces Soaring Car Insurance Rates, With Premiums Up 30% As Climate Change Fuels Cost Surge
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Florida's car insurance rates climbed 30% in the past year, according to a recent report, due to increased litigation and climate change risks.
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The cost of car insurance has jumped nationwide, but Florida has seen the biggest increases.
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Some Floridians have seen their car insurance premiums double in just a couple years.
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Major insurers like State Farm, Progressive, USAA, and Liberty Mutual have filed for large rate hikes in Florida.
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The car insurance crisis adds to Florida's problem of rapidly rising home insurance rates as well.