Progressive introduced a rate reduction for its Florida pet insurance program, lowering Accident & Illness base rates by 10% for both dogs and cats as the carrier looks to price the product more competitively. The changes are proposed to take effect July 2, 2026.

The filing impacts 321 policyholders and around $210,754 in written premium. Progressive said the overall rate impact is -7.7%, representing a premium reduction of approximately $16,191 across the program.

According to the filing memorandum, Progressive’s pet insurance program launched in Florida on November 14, 2025, and the company said it does not yet have enough credible data to produce actuarial indications. Instead, the filing relies on competitor comparisons to support the rate reduction.

The filing also updates Progressive’s pet insurance rate and rule manual with wording and label changes, although the company stated there are no changes to the underlying rating algorithm, rules, or rating factors.

The program uses a detailed rating structure that factors in deductible and co-pay selections, policy limits, breed groups, pet age, claims experience, gender, territory, and discounts. Progressive also applies claims-based pricing adjustments at renewal, with surcharges increasing as prior paid claims accumulate.

The filing shows monthly Florida base rates of $64.46 for dogs and $31.34 for cats.

Bottom Line: Florida represents 13.5% of total policies and 17.1% of premium based on total known policies and premiums.