Florida Homeowners Insurance Statistics 2026

Data sources: Florida Office of Insurance Regulation (FLOIR), FEMA National Flood Insurance Program, Insurance Information Institute (III), Florida Department of Highway Safety and Motor Vehicles (DHSMV), and CoreLogic. Statistics reflect the most recently available data as of 2025–2026.

Florida Homeowners Insurance Premium Statistics

• Average Florida homeowners insurance premium (2026): $3,600–$4,200 per year — nearly 3x the national average of $1,400.
• Florida ranks #1 in the U.S. for the highest average homeowners insurance premiums.
• Miami-Dade County average: $6,000–$10,000+ per year for combined homeowners and windstorm coverage.
• Broward County average: $5,500–$9,000 per year.
• Palm Beach County average: $5,000–$8,500 per year.
• Central Florida (Orange, Osceola, Seminole): $2,800–$4,500 per year.
• North Florida (Duval, Alachua, Leon): $2,200–$3,800 per year.
• Premium increase 2020–2026: Florida homeowners insurance premiums have increased an average of 102% over the past six years, according to the Insurance Information Institute.

Florida Insurance Market Statistics

• Insurance companies that left Florida (2020–2024): At least 11 property insurance companies became insolvent or withdrew from the Florida market.
• Citizens Insurance policies (early 2026): Approximately 1.1–1.2 million policies, down from a peak of 1.4 million in 2023.
• Florida homeowners insurance lawsuits (pre-2023 tort reform): Florida accounted for approximately 79% of all U.S. homeowners insurance lawsuits while representing only 9% of policies.
• Florida tort reform (2023): SB 2A eliminated one-way attorney fees and assignment of benefits (AOB) abuse, which is expected to reduce litigation costs and stabilize the market over 2024–2026.
• New carriers entering Florida (2024–2026): At least 8 new carriers have entered or expanded in Florida following the 2023 tort reform, increasing competition.

FR-44 and SR-22 Insurance Statistics in Florida

• FR-44 requirement: Required after DUI/DWI convictions in Florida. Requires 100/300/50 liability limits — significantly higher than standard minimums.
• FR-44 average annual premium: $1,500–$3,500 per year for a standard policy; $500–$1,200 for a non-owner FR-44 policy.
• FR-44 filing period: Required for 3 years from the date of license reinstatement.
• SR-22 average annual premium: $800–$2,000 per year depending on driving history and coverage level.
• Florida DUI convictions per year: Approximately 30,000–35,000 DUI convictions annually in Florida, most of which require FR-44 filings.
• Electronic filing speed: FR-44 and SR-22 certificates can be filed electronically with DHSMV within minutes of policy issuance.

Florida Flood Insurance Statistics

• Florida NFIP policies: Florida has approximately 1.7 million NFIP (National Flood Insurance Program) policies — more than any other state.
• Average NFIP premium in Florida (2026): $900–$1,800 per year under FEMA's Risk Rating 2.0 pricing model.
• Florida properties in FEMA flood zones: Approximately 3.5 million Florida properties are in FEMA-designated flood zones.
• Hurricane Ian flood claims (2022): Over 40,000 NFIP claims were filed in Florida following Hurricane Ian, totaling over $4 billion in flood losses.
• Private flood insurance growth: The private flood insurance market in Florida has grown significantly since 2016, with premiums often 20–40% lower than NFIP for lower-risk properties.

Frequently Asked Questions