By and
Florida car owners already pay some of the highest insurance premiums in the nation. Last year’s storms threatened to push prices even higher. Now experts are warning that President Donald Trump’s tariffs could make the situation far worse.
In 2024, Floridians paid an average of almost $3,200 annually for car insurance, according to Insurify, a price comparison site. Without tariffs, average yearly premiums were slated to rise to almost $3,500.
With a tranche of tariffs targeting steel and aluminum, foreign cars and car parts, Floridians could be paying an average of almost $4,000 per year in 2026 — an increase of almost 25%, said Matt Brannon, a St. Petersburg-based analyst for Insurify.
Read more at: https://www.miamiherald.com/news/business/article303905991.html#storylink=cpy
