Florida Homeowners Insurance Market Outlook for 2026

Florida's homeowners insurance market has experienced years of volatility driven by hurricanes, rising construction costs, reinsurance pricing, and litigation. As the state moves into 2026, however, signs of stabilization are emerging, bringing potential relief for many Florida homeowners.

Are Florida Home Insurance Rates Going Up or Down in 2026?

For the first time in several years, many Florida homeowners may see insurance rates level off or even decline in 2026. Multiple insurance carriers have filed for rate decreases or flat renewals, citing improved underwriting results and the impact of recent legal reforms.

Several insurers have requested average rate decreases for 2026.
Some reductions are expected to reach double-digit percentages in select counties.
Citizens Property Insurance has also proposed rate decreases for many policyholders.

That said, rate changes will still depend heavily on location. Coastal and high-risk hurricane zones may continue to see higher premiums compared to inland areas.

Average Homeowners Insurance Premiums in Florida

Florida remains one of the most expensive states for homeowners insurance, though costs vary widely by zip code, home value, and proximity to the coast.

Average annual homeowners insurance premium: approximately $3,800 - $4,000
Coastal and high-risk areas can exceed $6,000+ per year
Inland and lower-risk areas may see premiums closer to $2,500 - $3,000

With several insurers proposing rate reductions, many homeowners could see premiums stabilize or modestly decrease in 2026, provided there are no major storm losses.

New Home Insurance Companies Entering the Florida Market

One of the most positive developments for Florida homeowners is the return of competition. After years of insurers exiting the state, new companies are entering or expanding their presence, helping to create more coverage options.

New and Expanding Insurance Carriers

Mangrove Property Insurance
Trident Reciprocal Exchange
Ovation Home Insurance Exchange
Manatee Insurance Exchange
Condo Owners Reciprocal Exchange
Orange Insurance Exchange
Orion180 Insurance Company
Orion180 Select Insurance Company
Mainsail Insurance Company
Tailrow Insurance Exchange
Patriot Select Property & Casualty Insurance
Apex Star Reciprocal Exchange

The addition of these insurers is expected to reduce reliance on Citizens Property Insurance and give homeowners more opportunities to shop for competitive rates and tailored coverage.

Why Increased Competition Matters

More insurance companies in Florida means:

Greater choice for homeowners
Improved pricing competition
More flexible coverage and deductible options
Better long-term market stability

Tips for Florida Homeowners Shopping Insurance in 2026

Shop your policy every renewal to compare new carrier options
Ask about discounts for roof upgrades, wind mitigation, and home hardening
Consider higher deductibles to reduce premiums
Review flood insurance separately, as it is not included in standard policies

Florida Home Insurance Outlook for 2026

While Florida homeowners insurance will likely remain more expensive than the national average, 2026 brings cautious optimism. Many homeowners can expect stable or slightly lower premiums, improved availability, and more private-market options than in recent years.

Homeowners who actively shop, maintain their homes, and work with knowledgeable insurance professionals will be best positioned to benefit from the improving Florida insurance market.