There are several such examples (although not being well-versed in the subject, I can't say how serious a role internal reasoning plays in algebraic geometry, just that examples exist). A few can be found in the answers to this other question. Of particular interest is Ingo Blechschmidt's answer; he shows how the statement
Let $\mathcal{F}$ be an $\mathcal{O}_X$-module locally of finite type. Then $\mathcal{F}$ is locally free iff its rank is constant.
can be proved using internal logic, roughly as follows:
Reasoning internally, we translate the question to one about usual modules inside the topos of sheaves on $X$.
This reduces the problem to the task of proving a linear algebra fact constructively, which one can do.
I think this provides a very nice example of what internal logic can do: it lets you answer a complicated question by interpreting it as a conceptually much simpler question inside a different topos.
(Actually, I guess this is more accurately a description of the use of the internal language of the topos, and not the internal logic per se; that is really the second bullet point.)
EDIT: I apologize for bumping an old post, but today(!) Ingo Blechschmidt posted to the arXiv a paper which seems to address exactly this.