Florida Homeowners Insurance Rates Are Rising Again in 2025-2026 — Here's What You Need to Know

If your homeowners insurance renewal notice felt like a gut punch this year, you're not alone. Florida homeowners have seen average premiums climb 20–40% over the past three years, and 2025–2026 is bringing yet another wave of increases for many policyholders.

Why Are Rates Still Going Up?

Several factors are driving Florida's insurance crisis:

• Reinsurance costs: The carriers that insure insurance companies — called reinsurers — drastically raised their rates after back-to-back hurricane seasons. Those costs get passed directly to consumers.
• Claims fraud and litigation: Florida historically accounted for over 75% of all U.S. homeowners insurance lawsuits while representing just 9% of claims. Recent tort reform has helped, but the damage to carrier loss ratios is still being absorbed.
• Inflation in building materials: The cost to rebuild a damaged home has risen sharply since 2020 due to supply chain disruptions and labor shortages. Higher replacement costs mean higher premiums.
• Carrier insolvencies: More than a dozen Florida-focused carriers went insolvent since 2020, shrinking the market and reducing competition.

What Can You Do?

You have more options than you think. Working with an independent agent who represents 50+ carriers — like the team at HOInsurance.com — means we can shop your risk across the entire market to find the best available rate. We also review your current policy for coverage you may not need, or gaps you didn't know existed.

Don't just accept your renewal. Call us at 800-616-1418 before it renews and let us compare your options.