Home Insurance in Florida: Lower Rate and Risk Crisis in 2024

FL | According to Triple-I, home insurance premiums in Florida rose at a much lower rate than originally projected in 2022 (41% less), 2023 (80% less) and 2024 (60% less). Industry data from the National Association of Insurance Commissioners and Florida Office of Insurance Regulation shows average statewide home premiums were $3,340 in 2023, 80% less than Triple-I’s estimate of $6,000. Average statewide premium increases are running below 2% year-to-date. Read more