Are Property Insurance Rates Coming Down??

Florida homeowners are facing high insurance costs, paying an average of $6,000 annually to insure their homes—well above the national average of approximately $1,700. But there’s hope on the horizon. Recent legislation passed during the December 2022 Special Session is driving two key trends that could lead to lower rates in Florida’s property insurance market. Regulators, lawmakers, and property owners are all carefully watching for changes.