Are Florida homeowners insurance rates dropping in 2026?

Citizens, Florida's insurer of last resort, received approval for a statewide average reduction of about 8.8 percent on its 2026 multiperil homeowners rates, with wind-only coverage down about 5.5 percent. It is the first Citizens rate decrease since 2015, and the new rates take effect for new policies on July 1, 2026 and at renewal for existing policyholders.

More than 330,000 Citizens policyholders across all 67 counties are seeing decreases under the approved rates, with more than 150,000 of them getting cuts of 10 percent or more. Roughly 20 new private carriers have also entered Florida since the reforms, adding new competition.

The turn follows years of litigation and claims reform in Florida, which reduced some of the costs that drove premiums so high. Reinsurance costs have also been easing, and new insurers entering the market have brought fresh capital.

A single statewide average still hides a wide range of outcomes by home, carrier, and coverage, so the average is a signal, not a promise for your own policy.

Your own rate depends on your home's age, roof, claims history, coverage levels, and deductible. Even in a year of statewide decreases, some homes and carriers will still see increases, especially older roofs and coastal properties.

The way to benefit is to compare real quotes, review your coverage and deductible, and ask about discounts for wind mitigation, impact windows, and a newer or hardened roof.

South Florida's wind and flood exposure keeps premiums above the national average even in a good year. Citizens has also been moving policies to private carriers through its depopulation program, so if you receive a takeout offer, compare the coverage and deductible, not just the price.

For buyers, insurance is part of the monthly budget, so we price it in early rather than discover it at closing.

I work with trusted insurance professionals, help you gather wind mitigation paperwork, and make sure the real premium, not an estimate, is in your budget before you commit to a home.

If you are selling, I can flag the home features and paperwork that make your property easier to insure.