Florida Homeowners Insurance Rates in 2026: Requests Are Falling, Premiums Are Still the Highest

−4.8%. That's the average homeowners rate change insurers were asking Florida's Office of Insurance Regulation (OIR) for over the 30 days before its September 22, 2026 update. A year earlier the same average was −1.1%. In the summer of 2023 it was +7.6%, and in July 2022 the average approved rate change was +15.33%.

So the direction has flipped. The level hasn't. OIR's statewide average homeowners premium in the admitted market, wind included, was about $3,736 as of September 2026 (OIR market overview). On the national data that compares states the same way, Florida had the highest average homeowners premium in the country in 2022, the latest year in Triple-I's state table (NAIC has since released 2023 data).

Both things are true at once, and that's why so many Florida owners hear "rates are coming down" and then open a renewal that didn't. Below is what the regulator's numbers actually show, by month and by county, why they moved, where Citizens fits, and the few levers you control on your own policy.

Sources: OIR, Sept. 22, 2026; OIR market overview; Triple-I, NAIC data; Citizens, policies in force Aug. 31, 2026.

Rate requests went negative

Every few months OIR publishes the average rate change homeowners insurers have filed for over the past 30 days. These are requests, not approvals, and they cover the admitted market only. Strung together, the snapshots tell the story of the last five years:

• Up
• Down

Sep 2021 (approx.)+5.2%Aug 2023 (approx.)+7.6%Oct 2023 (approx.)+7.03%Aug 2024+0.5%Oct 2024+1.6%May 2025 (approx.)−0.3%Sep 2025 (approx.)−1.1%May 2026−1.2%Sep 2026−4.8%

Source: OIR, Sept. 22, 2026; OIR, May 20, 2026; OIR, Oct. 10, 2024; OIR, Aug. 12, 2024

Show the numbers

OIR snapshot	Avg request
Sep 2021 (approx.)	+5.2%
Aug 2023 (approx.)	+7.6%
Oct 2023 (approx.)	+7.03%
Aug 2024	+0.5%
Oct 2024	+1.6%
May 2025 (approx.)	−0.3%
Sep 2025 (approx.)	−1.1%
May 2026	−1.2%
Sep 2026	−4.8%

OIR's 180-day average, which smooths out one-off filings, tells a milder version: −0.3% as of September 2026, against 0.0% a year earlier and +5.1% three years earlier. The 30-day figure swings more because a few large filings can move it.

The filing counts point the same way. Since January 2024, OIR says 48 companies have filed for a homeowners rate decrease and 53 have requested no change. In its September 22, 2026 release, OIR announced approved decreases for four companies covering more than 62,000 policies, with requests ranging from −3.2% to −10.4%, and it said pending decrease requests range from −0.3% to −19.7%. For 2025 as a whole, according to an S&P Global report cited by OIR, Florida's average homeowners rate change was −0.92%, the only state with a decrease, while the national weighted average rose 5.5%.

Commissioner Mike Yaworsky said in the same release: I expect to see more aggressive rate cuts in the near future and going into 2027. That's the regulator's expectation, not a filed or approved number. I'd plan around what's on your own renewal notice.

Requested vs approved, month by month

A request is what the insurer asks for. OIR can approve it, approve something different, or the filing can be withdrawn. OIR's market overview page shows both, as premium-weighted averages by month of effective date, for personal residential property (homeowners, mobile home, dwelling fire and a few smaller lines), excluding Citizens.

Source: OIR market overview, personal residential property average rate requested and approved (data as of July 2026). OIR notes the figures may not fully reflect filings with trade-secret information.

The approved average was negative in 11 of these 12 months. The one exception was October 2025, at +2.19%. The largest approved average cut was February 2026, at −6.94%, in a month when the average request was only −0.12%. That gap is a reminder that monthly averages depend heavily on which companies happened to have filings take effect that month.

And a rate change is not a premium change. Your bill also moves with your dwelling limit (some policies raise it each year to keep up with rebuilding costs), your deductible choices, mitigation credits, roof age and your location. Hypothetically, a 3% rate cut combined with a 6% increase in your Coverage A (dwelling) limit can still add up to a higher renewal.

Still the most expensive state

• Florida
• U.S. average

$0$1,000$2,000$3,000

20132015201720192021

Source: NAIC data via Triple-I (2013-2022 table) and Triple-I table archive

Show the numbers

	Florida	U.S. average
2013	$2,115	$1,096
2014	$2,055	$1,132
2015	$1,993	$1,173
2016	$1,918	$1,192
2017	$1,951	$1,211
2018	$1,960	$1,249
2019	$1,988	$1,272
2020	$2,165	$1,311
2021	$2,437	$1,411
2022	$2,677	$1,569

The National Association of Insurance Commissioners (NAIC) puts every state on the same footing, and on that basis Florida's average HO-3 premium was $2,677 in 2022 against a U.S. average of $1,569, about 1.71 times as much. Triple-I's ranking put Florida first, ahead of Louisiana ($2,603), Texas ($2,397), Oklahoma ($2,268) and Colorado ($2,079). Florida also ranked first in 2013-2015 and 2020-2021; Louisiana held the top spot from 2016 to 2019.

Notice the shape. Florida's average actually fell from $2,115 in 2013 to $1,918 in 2016, then climbed $759 in six years, most of it after 2019. NAIC has since released 2023 data, but this chart stops at 2022, the latest year in Triple-I's state table. Triple-I also reports that in 2021, Florida's average homeowners expenditure was 4.07% of median household income, the highest share in the country.

For a current figure, use OIR's own numbers, which count only the admitted (state-regulated) market and leave out Citizens:

Source: OIR market overview. OIR does not regulate surplus lines rates. NAIC and OIR figures are built differently and shouldn't be compared directly.

Don't subtract the "excluding wind" line from the "including wind" line to get a hurricane cost. OIR reports them as separate averages, and in its county data the without-wind average is sometimes higher than the with-wind one (Baker and Union counties, for example), so they aren't built for subtraction. The surplus lines figure is worth knowing, though. If you were placed with a non-admitted carrier, OIR doesn't approve that rate, and the average there is nearly double.

Florida homeowners insurance rates by county

Where the house sits matters more than almost anything else in these numbers. OIR's twice-a-year Property Insurance Stability Report breaks average premiums out for all 67 counties. The July 2026 report uses data as of March 31, 2026. I pulled 40 counties, including all of the large and coastal ones:

Monroe$7,863Palm Beach$6,323Broward$6,136Miami-Dade$5,975Martin$5,899Collier$5,534Walton$5,409Franklin$5,221Indian River$4,334Pinellas$4,063Okaloosa$3,889Gulf$3,752Orange$3,610Hillsborough$3,525Duval$2,786Polk$2,767Leon$2,538Alachua$2,525Marion$2,191Sumter$2,105

Source: OIR Property Insurance Stability Report, July 2026 (Market Intelligence Report data as of Mar. 31, 2026)

Show the numbers

County	Avg premium
Monroe	$7,863
Palm Beach	$6,323
Broward	$6,136
Miami-Dade	$5,975
Martin	$5,899
Collier	$5,534
Walton	$5,409
Franklin	$5,221
Indian River	$4,334
Pinellas	$4,063
Okaloosa	$3,889
Gulf	$3,752
Orange	$3,610
Hillsborough	$3,525
Duval	$2,786
Polk	$2,767
Leon	$2,538
Alachua	$2,525
Marion	$2,191
Sumter	$2,105

Monroe County (the Keys) leads at $7,863. Palm Beach, Broward and Miami-Dade all sit near $6,000. Martin and Collier follow, then the Panhandle beach counties Walton and Franklin, both above $5,000 and ahead of every Tampa Bay and Central Florida county. Sumter, in Central Florida, was the lowest of my 40 at $2,105.

Without wind coverage, the spread shrinks a lot. Among the same 40 counties, ex-wind averages run from $1,352 to $3,779, compared with $2,105 to $7,863 with wind:

Source: OIR Property Insurance Stability Report, July 2026, pp. 19-20. Incl.- and excl.-wind columns are different groups of policies; don't subtract them.

OIR says the average homeowners premium with wind fell in 51 counties compared with its January 2026 report. Over a longer stretch, the pattern splits by region:

Sources: OIR Property Insurance Stability Reports, July editions: 2022, 2023, 2024, 2025, 2026. OIR changed its method in 2025 (separate with- and without-wind averages) and its data source in 2026, so treat the trend as indicative. Monroe's 2025 drop coincides with the method change.

South Florida's big three (Palm Beach, Broward, Miami-Dade) have been roughly flat since 2024. Pinellas, Orange, Hillsborough and Duval went up at every March reading in this table, including 2026. My read: the statewide rate cuts haven't reached every county evenly, and Central and North Florida owners have the most reason to compare their renewal against the county average. If you want a rate estimate for a sample house in your county rather than an average of all policies, OIR's CHOICES rate comparison tool shows sample rates for three model homes.

Why rates turned

Florida's private property insurers lost money for years. A Senate staff analysis of SB 2-A cites OIR data showing domestic property insurers had more than $3 billion in cumulative net underwriting losses from 2017 to 2021. The same analysis shows Florida accounted for 76% of homeowners lawsuits opened against insurers nationwide in 2021, while it had 6.91% of homeowners claims.

2016100%2017104%2018103%2019105%2020116%2021110%2022109%202399%202494%202583%

Source: OIR market overview

Show the numbers

Year	Combined ratio
2016	100%
2017	104%
2018	103%
2019	105%
2020	116%
2021	110%
2022	109%
2023	99%
2024	94%
2025	83%

The Legislature passed three bills in about ten months:

• SB 2-D (May 2022) created a state reinsurance program, changed My Safe Florida Home eligibility and added the roof-age rule that bars refusing or non-renewing a policy solely because a roof is under 15 years old.
• SB 2-A (December 2022) ended one-way attorney fees in property insurance suits, banned assignment of post-loss benefits on policies issued from January 1, 2023, shortened the time insurers have to pay or deny a claim from 90 to 60 days, and funded a $1 billion optional reinsurance program.
• HB 837 (March 2023) repealed the remaining attorney-fee provisions.

Since then the numbers have turned. The domestic insurers' combined ratio went from 116% in 2020 to 83% in 2025, and their net income went from a loss of about $841 million in 2022 to a profit of about $2.1 billion in 2025 (OIR). Reinsurance, a large part of a Florida insurer's cost, rose 27.03% on a risk-adjusted basis at the 2023 renewals, then fell 1.70% in 2024 and 0.46% in 2025 (OIR Stability Report, January 2026), and OIR's preliminary 2026 figures show nearly half of reporting insurers getting risk-adjusted reductions of 15% to 25% (OIR Stability Report, July 2026). The Florida Hurricane Catastrophe Fund, the state's own reinsurer, cut its rates 8.25% in 2024 (OIR Stability Report, January 2025) and 9.51% in 2025 (January 2026).

New capital followed. OIR counts 20 new property and casualty insurers entering the market since the reforms, bringing more than $850 million in new capital (May 2026). OIR attributes the rate decreases, the new entrants and Citizens' shrinking to the 2022-2023 reforms. That's the regulator's view, and the financial results above are consistent with it. Storm losses and reinsurance prices still swing from year to year, which is one reason I wouldn't treat any trend here as permanent.

Citizens: under a fifth of its peak

0500K1.00M1.50M

266K

Dec '22Aug '24Dec '25Aug '26

Source: Citizens: Dec. 2022 release, month-end reports for Sept. 2023, Dec. 2023, Aug. 2024, Dec. 2024, June 2025, Dec. 2025, June 2026, Aug. 2026

Show the numbers

	Policies in force
Dec '22	1.14M
Sep '23	1.41M
Dec '23	1.23M
Aug '24	1.25M
Dec '24	936K
Jun '25	780K
Dec '25	395K
Jun '26	278K
Aug '26	266K

Citizens Property Insurance Corporation, the state-created insurer of last resort, peaked at 1.41 million policies in the fall of 2023. By August 31, 2026 it had 266,231, down about 81%. Most of that came through depopulation: private insurers took out 585,432 policies in 2025 alone, according to Citizens' exposure summary.

Citizens' own rates also came down. For 2026, homeowners multiperil rates fell an average of 8.8% and wind-only 5.5%, with every personal lines policyholder getting at least a 2% decrease. OIR set those rates, and they apply to new policies from July 1, 2026 and to existing ones at renewal (Citizens). Under the statutory glide path, rate increases for an individual primary-residence policy are capped at 15% a year from 2026 on (s. 627.351).

No 2027 Citizens rate has been proposed yet. The board meets December 9, 2026 (Citizens public meetings). If you're still with Citizens or got a takeout offer, the details are in my Citizens 2026 guide.

Hurricane Isaias: too early to tell

Isaias came ashore near Destin on the evening of October 9, 2026 as a Category 2 hurricane with 105 mph winds (National Hurricane Center). OIR's claims data as of October 20:

Source: OIR, Hurricane Isaias claims data (data as of Oct. 20, 2026; OIR updates it periodically).

Does this change the rate picture? Nobody can say yet. Only about a fifth of claims were closed when this data was posted, and I found no OIR statement connecting Isaias to rate filings. I'm not going to guess. If you're in Santa Rosa, Escambia, Okaloosa or Walton County, the more urgent question is your claim; see the Florida hurricane claim deadline post.

What you can do about your own rate

Statewide averages don't set your premium. These factors feed into it, and you have some say over each:

1. Get a wind mitigation inspection. Florida law requires residential rate filings to include actuarially reasonable discounts or credits for windstorm-mitigating features, and insurers must post their mitigation discounts online (s. 627.0629). The inspection uses OIR form OIR-B1-1802, valid for up to five years unless the home materially changes (form reference). More in my wind mitigation inspection post.
2. Read the hurricane line on your premium notice. Florida requires the notice to show the hurricane portion of your premium separately from all other perils (s. 627.0629(4)). That tells you how much of the bill is wind risk, which is the part mitigation credits work on.
3. Know your roof's age. An insurer can't refuse to write or renew a homeowners policy solely because the roof is under 15 years old. At 15 or older, you can get an inspection, and if it shows at least five years of useful life left, roof age alone isn't a reason to refuse (s. 627.7011(5)).
4. Choose your hurricane deductible on purpose. Insurers must offer hurricane deductibles of $500, 2%, 5% and 10% of the dwelling limit (the $500 option isn't required at $250,000 and above) (s. 627.701). A higher percentage lowers the premium and raises what you pay after a storm. Example: on a $400,000 dwelling limit, a 2% deductible is $8,000 and a 5% deductible is $20,000. See the hurricane deductible post before you change it.
5. Check My Safe Florida Home. The state program offers grants of up to $10,000 (the homeowner pays $1 for every $2 from the state; low-income applicants don't have to match) for eligible homestead houses built before 2008 and insured for $700,000 or less, with income limits (s. 215.5586).
6. Compare at renewal, coverage first. With dozens of companies filing decreases, the price for the same house can differ a lot between insurers. An independent agent can quote several. Line up the declarations pages, not just the totals: dwelling limit, hurricane and all-other-perils deductibles, roof payment terms, and anything excluded. A lower price that comes from a 10% deductible isn't a lower price.

And remember that none of the averages above include flood. Most homeowners policies don't cover flood damage; that takes a separate flood policy (FloodSmart, NFIP). If you're near the coast or a river, the Florida flood insurance page explains the options, and the Florida home insurance page covers how the pieces of a homeowners policy fit together.

FAQ

Are Florida homeowners insurance rates going down?

Rate requests are. OIR reported a 30-day average homeowners rate request of -4.8% as of September 22, 2026, and the premium-weighted average approved change was negative in 11 of the 12 months from July 2025 to June 2026. Individual premiums can still rise with higher dwelling limits, roof age or lost discounts.

What is the average cost of homeowners insurance in Florida?

OIR's statewide average homeowners premium in the admitted market, including wind, was about $3,736 as of September 2026. On NAIC's national comparison, Florida's average HO-3 premium was $2,677 in 2022 versus $1,569 for the U.S., the highest of any state.

Which Florida county has the highest homeowners insurance?

In OIR's July 2026 Property Insurance Stability Report (data as of March 31, 2026), Monroe County had the highest average homeowners premium including wind, at $7,863, followed by Palm Beach ($6,323), Broward ($6,136) and Miami-Dade ($5,975).

Will Citizens rates go down in 2027?

No 2027 Citizens rate has been proposed yet; the Citizens board meets December 9, 2026. For 2026, OIR set an average 8.8% decrease for Citizens homeowners multiperil policies.

Your own policy wording and Florida law control your premium and any claim. Confirm your situation with a licensed agent, the Florida Office of Insurance Regulation or Department of Financial Services, or, for legal questions, an attorney.

Sources

1. OIR: Commissioner approves rate decreases for homeowners (Sept. 22, 2026)
2. OIR: New property and casualty insurers, 20 since reforms (May 20, 2026)
3. OIR: Commissioner update on market stabilization (Oct. 10, 2024)
4. OIR: Commissioner highlights strengthening market (Aug. 12, 2024)
5. OIR: Florida property insurance market overview
6. OIR Property Insurance Stability Report, July 2026
7. OIR Property Insurance Stability Report, January 2026
8. OIR Property Insurance Stability Report, January 2025
9. NAIC homeowners insurance report: data for 2023 (July 2026)
10. OIR Property Insurance Stability Report, July 2025
11. OIR Property Insurance Stability Report, July 2024
12. OIR Property Insurance Stability Report, July 2023
13. OIR Property Insurance Stability Report, July 2022
14. OIR: CHOICES rate comparison search
15. OIR: Hurricane Isaias claims data (as of Oct. 20, 2026)
16. National Hurricane Center: Hurricane Isaias update (Oct. 9-10, 2026)
17. Triple-I: Facts and statistics, homeowners and renters insurance (NAIC data)
18. Triple-I table archive: average homeowners premiums by state
19. Florida Senate: SB 2-A (2022 Special Session A)
20. Florida Senate staff analysis of SB 2-A (Dec. 2022)
21. Florida Senate: SB 2-D (2022 Special Session D)
22. Laws of Florida, Ch. 2023-15 (HB 837)
23. Florida Statutes s. 627.0629, mitigation discounts (2026)
24. Florida Statutes s. 627.7011, roof age (2026)
25. Florida Statutes s. 627.701, hurricane deductibles (2026)
26. Florida Statutes s. 215.5586, My Safe Florida Home (2026)
27. Florida Statutes s. 627.351, Citizens rate glide path
28. Uniform Mitigation Verification Inspection Form OIR-B1-1802 (Rev. 04/26)
29. Citizens: 2026 multiperil rates to drop statewide (Mar. 4, 2026)
30. Citizens: policies in force, Aug. 31, 2026
31. Citizens: policy count release (Dec. 14, 2022)
32. Citizens: month-end detail report, Sept. 30, 2023
33. Citizens: month-end detail report, Dec. 31, 2023
34. Citizens: month-end detail report, Aug. 31, 2024
35. Citizens: month-end detail report, Dec. 31, 2024
36. Citizens: month-end detail report, June 30, 2025
37. Citizens: month-end detail report, Dec. 31, 2025
38. Citizens: month-end detail report, June 30, 2026
39. Citizens: 2014-2026 exposure summary (depopulation)
40. Citizens: public meetings
41. FloodSmart (NFIP): what flood insurance covers