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SB 224

Department of Water Resources: water supply forecasting.

2025-2026 Regular Session Introduced by Melissa Hurtado

SB 224 bans auto insurers in Florida from using factors like sex and credit score to set rates, promoting fairer, more equitable pricing for consumers.

In Senate. Consideration of Governor's veto pending.
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Bill Summary · SB 224

Summary of SB 224: Rating Factors for Automobile Liability Insurers

Bill Number: SB 224
Introduced: October 17, 2025
Status: Referred to Banking and Insurance; Commerce and Tourism; Rules
Effective Date: July 1, 2026

Purpose and Intent

SB 224 aims to reform the way automobile liability insurers determine rates and classifications for coverage in Florida. The bill seeks to prohibit insurers from using certain personal characteristics and factors that may lead to discriminatory pricing practices. By doing so, the legislation intends to promote fairness and equity in the automobile insurance market.

Key Provisions

The bill introduces a new section, 627.72612, to the Florida Statutes, which explicitly prohibits automobile liability insurers from establishing or maintaining rates or rating classifications based on the following factors:

  1. Sex
  2. Marital Status
  3. Home Ownership
  4. Educational Level
  5. Occupation
  6. Postal Zone of Residence
  7. Credit Score

These prohibitions are designed to eliminate biases that could unfairly affect the cost of insurance for certain individuals based on characteristics unrelated to their driving behavior or risk profile.

Impact

Who Will Be Affected?

  • Insurers: Automobile liability insurers will need to revise their rating systems to comply with the new regulations, potentially leading to changes in pricing structures.
  • Consumers: The bill is expected to benefit consumers by providing more equitable insurance rates, particularly for those who may have previously faced higher premiums due to the prohibited factors.

Potential Outcomes

  • Increased Accessibility: By removing discriminatory factors, the bill may make automobile insurance more accessible and affordable for a broader range of Floridians.
  • Market Adjustments: Insurers may need to adapt their business models and risk assessment strategies, which could lead to changes in the overall insurance market landscape.

Procedural Timeline

  • October 17, 2025: SB 224 was filed.
  • November 3, 2025: The bill was referred to the committees on Banking and Insurance, Commerce and Tourism, and Rules.
  • July 1, 2026: If passed, the provisions of the bill will take effect.

Conclusion

SB 224 represents a significant step towards ensuring fairer practices in the automobile insurance industry in Florida. By prohibiting the use of certain personal characteristics in determining insurance rates, the bill aims to create a more equitable environment for consumers while promoting responsible underwriting practices among insurers.

Compiled from official sources — confirm details with the bill’s official record.

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