are homeowners insurance rates dropping in florida

are homeowners insurance rates dropping in florida

Is the Insurance Policy Drop Real?

Yes, the insurance policy drop for Floridians is real, but it reflects a mix of climate risk reassessment, reinsurance capacity, and state-run pricing adjustments rather than a permanent market trend. In Q2 2023, average homeowner premiums in Miami fell 12% after Citizens Property Insurance Corporation released a new pricing tier,