Most of what you will read about Florida insurance was written in 2023 and never updated. Here is the 2026 record: Citizens cut rates for the first time since 2015, premiums fell in 51 of 67 counties, and 44 carriers filed for decreases. Also here: exactly what could reverse it.
Three things moved at once, and all three are measurable. Litigation collapsed: Florida accounted for 79% of every homeowners insurance lawsuit filed in the United States in 2020; by 2025 that was 41%. Reinsurance got cheaper: it makes up roughly 43% of a Florida premium, and June renewals came in -15% to -25% after a 2025 season with no Florida landfall, with Citizens’ own reinsurance costs down about 30%. Competition returned: 17 new carriers entered the market, and Citizens — the state-backed insurer of last resort — shed 546,000 policies to private companies in 2025 and is no longer Florida’s largest property insurer.
Citizens recommended a -2.6% statewide average decrease for 2026, its first rate reduction since 2015, taking effect June 1, 2026 after regulatory review. 3 of 5 policyholders see an average reduction of 11.5%, about $359. Its policy count fell to roughly 385,000, down about 73% from the peak. Source: Citizens Property Insurance Corporation, recommended rate filing release, 2025-12-10.
| Carrier | Filed change | Detail |
|---|---|---|
| State Farm | -10% | statewide reduction filed |
| Patriot Select | -11.3% | premium reduction planned |
| Heritage | -9.6% / -7% | Seminole County / Osceola County, approved by regulators |
| Florida Peninsula | -8.4% | average reduction proposed |
| Citizens | -2.6% | statewide average, first cut since 2015 |
Filings and approvals as reported 2025-12-19 by Spectrum News 13. A filed decrease is an average across a carrier’s book — it is not a promise about any individual policy.
State regulators put the average Florida premium at about $6,060 a year for a home with $300,000 dwelling coverage. Treat that as a benchmark, not a quote: county, roof age and material, flood zone, construction, claims history, and carrier appetite move an individual premium far more than the statewide average does. Our county premium data shows the spread, and flood zone is often the single biggest lever — check any address in our community guides, which now publish FEMA flood sampling.
This is where every other page stops, so here is the other side, from John Rollins, CEO of Patriot Select Property and Casualty Insurance Co., writing in Insurance Journal, June 30, 2026.
| Why it could keep falling | Why it could reverse |
|---|---|
|
|
The single-storm risk is the one to hold onto: a major hurricane can consume years of accumulated surplus in days, and the same global reinsurance capital that is making Florida cheaper right now gets drawn down by catastrophes anywhere on earth.
If you own: a softening market is the moment to re-shop, not to renew on autopilot — 44 carriers filed decreases and 48 filed no increase since 2024, so the spread between quotes is wide. If you are still with Citizens, understand a takeout offer before you accept or decline it. If you are buying: get a real quote during your inspection window, not an estimate afterward — roof age and flood zone move the number more than square footage. If you are selling: a documented recent roof and a wind mitigation inspection are now worth real money to a buyer’s monthly payment.
No prediction about your bill, and no claim that the crisis is permanently solved. These are third-party filings, approvals, and regulator figures, each with its source and date, updated monthly. Insurance is priced per property; only a quote is a quote.
Citizens figures: Citizens Property Insurance Corporation, recommended rate filing release, 2025-12-10. Market and county figures: Florida Office of Insurance Regulation figures reported by Spectrum News 13, 2026-07-30. Reinsurance renewal figures and the two-sided outlook: Insurance Journal (John Rollins, CEO, Patriot Select Property and Casualty), 2026-06-30. Carrier filings: Spectrum News 13, 2025-12-19. Momentum Realty is a brokerage, not an insurance agency; nothing here is insurance advice. Equal Housing Opportunity.
