Florida Homeowners Insurance Market Shows Stability Despite Local Rate Concerns

The Florida Office of Insurance Regulation reports the homeowners insurance market in Florida is currently the most stable in a decade, with data showing a mixture of rate decreases and flat rate filings. Average premiums vary significantly by county, with Lee County averaging over $2,500 and Collier County exceeding $5,600. Despite regulatory reports of market stabilization, many homeowners report rising rates since the impact of Hurricane Ian and express concerns about limited insurance options in certain areas.