Property insurance rates in Florida continue to fluctuate, even after recent legislative changes aimed at easing the state’s insurance crisis. The Florida Office of Insurance Regulation reported a 0.3% increase in the base rate during early 2025. While small, this increase adds to a significant rise over recent years.
Since 2022, homeowners in Central Florida have faced nearly 40% higher premiums on average, straining many household budgets.
Lawmakers previously passed reforms intended to reduce lawsuits against insurers and attract more companies to Florida, with the hope that increased competition would lower prices. While new insurers have entered the market and rates dipped slightly in 2024, many homeowners have yet to feel meaningful relief.
The Insurance Information Institute noted that by late 2024, Florida had the lowest average rate filings nationwide, a promising sign for future stability. However, typical home insurance costs remain high: in Orange County, the average base price hovers around $2,600, with options ranging from under $900 to over $6,000.
For many Floridians, insurance premiums remain a significant financial burden despite ongoing reforms.
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