Florida’s average annual cost of home insurance hit $8,292 in 2025, an 18% increase over 2024, according to Insurify’s 2026 Insuring the American Homeowner Report. Home insurance costs have risen by more than 14% in the state since 2023.
Rates are likely to increase by another 2% by the end of 2026, Insurify data scientists project.
How Florida home insurance costs have changed over time
Florida’s home insurance has consistently been the most expensive in the U.S. for several years. While the state’s average cost dipped in 2024, it’s since rebounded, making a significant jump from 2024 to 2025.
Weather perils drive Florida’s home insurance costs
With nearly 8,500 miles of coastline, Florida is particularly susceptible to severe weather events. Since 2020, the state has experienced at least 34 billion-dollar weather events, including severe storms, floods, and tropical cyclones, according to National Oceanic and Atmospheric Administration data.
Even though no hurricanes made landfall in Florida during 2025, the state experienced other climate-related natural disasters. And in 2024, many insurers saw a crushing number of claims — about 300,000 — following Hurricanes Helene and Milton. Those losses affected Florida’s home insurance costs in 2025, driving the state’s average annual home insurance cost up by $1,252, Insurify reported.
How Florida home insurance costs compare
The following data table shows 2025 average annual home insurance costs for select states, how each state ranks in terms of costs, and Insurify’s projection for 2026 averages.
Source: Insurify’s Insuring the American Homeowner Report
What’s Next: 2026 forecast for Florida home insurance
Florida home insurance rates are likely to rise by another 2% by the end of 2026, according to Insurify’s report. But some Floridians may be able to avoid rate increases this year, as the state’s insurer of last resort, Citizens Property Insurance, will cut its rates by an average of 8.7%.
Currently, about 395,000 properties have insurance through the state-backed Citizens Property, which provides basic coverage to homeowners who haven’t been able to buy policies through the standard marketplace. The number of properties insured through Citizens peaked at 1.4 million in October 2023.
Citizens had requested state approval to cut its rates by 2.6% in December 2025. The lower rates — which will cut costs for some homeowners by more than 13% — take effect June 1.
“Broadly, Florida’s home insurance market is improving for insurers,” said Matt Brannon, senior economic analyst at Insurify. “High premiums and investment growth have put companies on a more stable financial footing. Meanwhile, reforms to curb excessive litigation have cut down operating expenses. Analysts say Florida’s domestic property insurers turned a profit in 2024 despite high hurricane losses. Given these improvements, insurers may feel less urgency to raise rates in 2026.”
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