Market Brief

More than 824,300 Florida homeowners are getting insurance rate decreases this month, with about 450,000 more pending through January, as the October inflation report arrives Tuesday without a year-over-year figure.

By Jon Brooks, Co-Founder, Momentum Realty · Updated November 9, 2026

Florida regulators say 824,300 homeowners get rate cuts of up to 12.1 percent this month. October CPI posts Tuesday at 8:30 a.m. ET.

More than 824,300 Florida homeowners are receiving property insurance rate decreases on new policies or renewals this month, with cuts as large as 12.1 percent, according to an October 29 bulletin from the Florida Office of Insurance Regulation. The office said about 450,000 more Floridians have pending decreases taking effect in November, December and January. Nationally, the week's main release is October consumer prices on Tuesday at 8:30 a.m. ET, where forecasters expect a 0.3 percent monthly rise and the Bureau of Labor Statistics will publish no official year-over-year rate. Freddie Mac's 30-year mortgage average was 7.18 percent on November 5.

This is the Monday brief. No housing release is scheduled on the federal calendars today.

How many Florida homeowners are getting insurance rate cuts?

The Office of Insurance Regulation's October 29 bulletin, issued by Insurance Commissioner Mike Yaworsky and Chief Financial Officer Blaise Ingoglia, counts more than 824,300 homeowners with decreases effective in October. The largest cut is 12.1 percent. The office also said 48 companies have filed for rate decreases since January 2024 and 53 have asked for no change or a 0 percent increase.

The October list, as published by WKMG News 6 on October 30 from the office's announcement, includes:

• Universal Property and Casualty: 5 percent decrease across HO3, HO4, HO6 and HO8 policies for 512,000 customers, effective October 16.
• Kin Insurance: 3.4 percent decrease on HO3 homeowner policies for 99,800 customers, effective October 8.
• Olympus Insurance: 0.1 percent decrease on HO3 and HO6 policies for 66,800 customers, effective October 31.
• Cypress Property and Casualty: 12.1 percent decrease on HO3 and HO6 policies for 64,300 customers, effective October 1.
• Castle Key Indemnity: 12 percent decrease on condo unit (HO6) policies for 51,580 customers and 10.3 percent for 4,700 more, effective October 11.
• Security First: 7.3 percent decrease on HO6 policies for 17,300 customers, effective October 20.

Sources differ on one filing. WKMG lists Mangrove Insurance's 5.6 percent HO3 decrease as reaching 4,000 customers from October 27. Insurance Journal reported on October 28 that Mangrove had more than 48,000 homeowner policies in March 2026. The second figure is Mangrove's total book; the first is the count the state attached to this decrease. Both are carried here.

What do the insurance cuts mean for a Florida mortgage payment?

Insurance is paid through escrow for most Florida buyers with a mortgage, so a lower premium lowers the monthly payment the same way a lower interest rate does. A 5 percent cut on a $4,000 annual premium is $200 a year, or about $17 a month. These are company averages; an individual premium can rise or fall depending on the home's age, roof, wind mitigation features and county.

The trend has been building all year, as covered in our Florida home insurance rates article. In September, the office approved four more decreases for over 62,000 policies, and Yaworsky said he expects "more aggressive rate cuts in the near future and going into 2027," according to Insurance Business on September 27. Our Florida escrow payment guide shows how premiums and property taxes flow into the payment, which now also reflects the Amendment 3 homestead change covered in our November 4 brief.

What is expected from Tuesday's October CPI report?

Forecasters expect consumer prices to rise about 0.3 percent in October after 0.6 percent in September, with core prices excluding food and energy up about 0.2 percent after 0.3 percent, according to the Bloomberg survey median reported November 8. Individual bank forecasts include 0.28 percent headline and 0.21 percent core from Wells Fargo and 0.2 percent for both from Barclays, as compiled by Kiplinger on November 9.

The year-over-year figure is where sources disagree. The Bureau of Labor Statistics did not collect October 2025 prices during last year's federal shutdown, and several previews, including Bloomberg's and FinancialJuice's, say no official October year-over-year rate will be published. FactSet, also on November 9, still reports a median estimate of 4.0 percent for headline inflation over the year and 2.8 percent for core, from four estimates. BMO calculated that filling the gap with the average of the September and November 2025 indexes would give about 3.9 percent headline and 2.7 percent core.

September's official rate was 3.7 percent, with shelter up 3.2 percent over the year, as covered in our September CPI article. UBS economist Alan Detmeister told Kiplinger that BLS procedures tied to the shutdown will push 12-month rent changes upward from October through March.

Where are mortgage rates heading into the week?

Freddie Mac's 30-year fixed average was 7.18 percent for the week ending November 5, down from 7.24 percent a week earlier and its third straight weekly decline, as covered in our November 5 mortgage rates article. Zillow's daily national average, as reported by Yahoo Finance this morning from data as of November 6 at 3:29 p.m. ET, put the 30-year purchase rate at 6.86 percent and the 15-year at 6.19 percent.

The two measures use different methods. Freddie Mac surveys applications over the week, while Zillow averages lender quotes on its own marketplace, so Zillow's figure usually runs lower. The Federal Reserve held its target range at 3.75 to 4 percent on October 28, as covered in our Fed decision article, and the October jobs report showed 165,000 new jobs, as covered in our jobs report article.

What else posts this week?

From the publishers' own schedules, all times ET:

• Tuesday, November 10, 8:30 a.m.: BLS Consumer Price Index and Real Earnings for October. 11:00 a.m.: Federal Reserve Bank of New York Household Debt and Credit Report for the third quarter. 1:00 p.m.: Redfin monthly housing market tracker.
• Wednesday, November 11: Veterans Day, a federal holiday.
• Thursday, November 12, 10:00 a.m.: National Association of Realtors existing-home sales for October. 12:00 p.m.: Freddie Mac weekly mortgage rates.
• Friday, November 13, 8:30 a.m.: BLS Producer Price Index for October.

Two releases from earlier dates still have not appeared: the University of Florida's Florida consumer sentiment index for October (the bureau's page still shows the September report, read this morning) and Redfin's third-quarter affordability report. Each will get its own article when it posts. September existing-home sales were 3.99 million at an annual rate, as covered in our existing-home sales article. The full list is on the release calendar. Local prices and inventory are on the Florida housing tracker and the Jacksonville, Miami, Tampa and Orlando market pages.

People also ask

Are Florida home insurance rates going down in November 2026?

More than 824,300 Florida homeowners received decreases effective in October, and the Office of Insurance Regulation said about 450,000 more have pending decreases taking effect in November, December and January. The largest October cut was 12.1 percent.

Which Florida insurance company lowered rates the most in October 2026?

Cypress Property and Casualty filed the largest October decrease at 12.1 percent on HO3 and HO6 policies for 64,300 customers. Castle Key Indemnity cut condo unit policies 12 percent for 51,580 customers. Universal Property and Casualty's 5 percent decrease reached the most customers, 512,000.

When is the October 2026 CPI report released?

The Bureau of Labor Statistics releases the October Consumer Price Index on Tuesday, November 10, 2026, at 8:30 a.m. ET. Forecasters expect about 0.3 percent monthly growth, and several previews say no official year-over-year rate will be published because October 2025 prices were not collected.

What is the average 30-year mortgage rate this week?

Freddie Mac's 30-year fixed average was 7.18 percent for the week ending November 5, 2026. Zillow's daily average was 6.86 percent as of November 6. Freddie Mac's next weekly reading posts Thursday, November 12, at noon ET.

Limitations

Insurance decreases are company-wide averages from the state's bulletin and WKMG's table; individual premiums vary by home, coverage and county, and the counts are the customers each filing reaches, not every policy the company writes. The $4,000 premium example is illustrative, not a Florida average. CPI forecasts are estimates gathered by Bloomberg, Kiplinger, FactSet and FinancialJuice and differ from each other; any October year-over-year figure is an estimate unless the BLS publishes one. Zillow's daily rate and Freddie Mac's weekly survey use different methods and are not directly comparable. Release times are from the publishers' schedules and can change.

Sources

Florida Office of Insurance Regulation, "Commissioner Mike Yaworsky and Chief Financial Officer Blaise Ingoglia Highlight Major Rate Decreases for Homeowners Effective This Month," bulletin, October 29, 2026, 11:02 a.m. EDT.

Anthony Talcott, WKMG News 6 (ClickOrlando), "Florida reveals new insurance rate drops effective this month," October 30, 2026, table of October decreases from the Office of Insurance Regulation.

Insurance Journal, "More Florida Insurers Announce Rate Cuts for Auto, Homeowners, Condo Units," October 28, 2026; Josh Recamara, Insurance Business, "Florida approves more home insurance rate cuts," September 27, 2026.

Bloomberg, "US inflation set to cool in October after two months of sharp increases," November 8, 2026, as republished by Business Standard; Kiplinger, "October CPI Report: What the Inflation Data Is Expected to Show," November 9, 2026; FactSet Insight, "Consumer Price Index (CPI) for October 2026 is Projected to Rise 4.0% Year-Over-Year," November 9, 2026; FinancialJuice, "US CPI Prep (November 10th)," November 9, 2026.

Freddie Mac, Primary Mortgage Market Survey, week ending November 5, 2026; Yahoo Finance, "Mortgage and refinance interest rates today, Monday, November 9, 2026," citing Zillow data as of November 6, 2026.

BLS 2026 release schedule; Census Bureau 2026 economic indicator calendar; Federal Reserve Bank of New York media advisory, November 4, 2026; Redfin 2026 release calendar; Freddie Mac PMMS schedule; University of Florida Bureau of Economic and Business Research Florida consumer sentiment page, read November 9, 2026.

Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.