Why did Florida home insurance premiums go up?

Nymble Insurance · 2026-10-06

Florida premiums rose because of repeated hurricane losses, higher reinsurance costs, a history of heavy claim litigation, roof-replacement claims, and rising rebuilding costs. You can't control the market, but roof age, wind mitigation features, deductible choices and accurate rebuild values all change what you pay.

What changed in the market?

Carriers buy reinsurance to cover hurricane losses, and its cost rises after active seasons like Ian (2022) and Helene and Milton (2024). Several Florida carriers left the market or became insolvent in 2021-2023, pushing more homeowners to Citizens.

What did the Legislature do?

Special sessions in 2022 (SB 2-A and earlier bills) changed claim-litigation rules, created a reinsurance program, and tightened Citizens eligibility. The full effect plays out over several years.

What can you control?

• Roof age and condition, the biggest single factor for many homes.
• Wind mitigation credits: a current inspection can document roof shape, roof-to-wall connections and opening protection. See wind mitigation discounts.
• Your hurricane deductible and other deductible choices.
• An accurate dwelling (rebuild) value.

Why not just pick the lowest number?

Because every agency quoting a given carrier uses the same filed rates. A lower number from the same carrier almost always reflects less coverage. Read why a cheaper quote often means less coverage.

General information, not legal advice or a coverage determination. Policy terms control.