Homeowner insurance costs in Florida rose again in the first quarter of 2025, with average premiums increasing by 0.3% for single-family homes and 0.8% for condos. This follows a temporary decline in late 2024. Since 2022 reforms aimed at reducing litigation costs, average premiums have surged over 30%. Experts attribute the increases to inflation in construction costs, despite comparisons showing Florida's hikes are lower than in other hurricane-dominated states. Industry responses indicate a mixed outlook, emphasizing the need for ongoing market improvements.
The average homeowner insurance premium in Florida saw a slight increase of 0.3% in early 2025, resuming a trend of rising costs after a brief decline.
Even though Florida's homeowner insurance costs have increased by over 30% since 2022, these hikes remain lower than those experienced by other hurricane-prone states.
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