Florida home insurance costs rose 1.5% so far in 2025. Will they ever get lower?
Average home insurance premiums in Florida increased by 1.5% over the first eight months of 2025 — an improvement over previous years but not the reduction that cost-burdened policyholders have been waiting for since reforms were enacted in 2022 and 2023.
Will prices ever come down? Insurance insiders are divided over the prospect.
Experts interviewed for this report concur that the potential for meaningful cost decreases depends on what happens to costs of reinsurance — insurance that insurers buy — as well as competition among a growing list of carriers, rebuilding cost inflation, and whether Mother Nature will prevent major storms from hitting the state in coming years.
According to a South Florida Sun Sentinel analysis of data released monthly by the Florida Office of Insurance Regulation, the average cost to insure a single-family home increased from $3,691 in January to $3,747 in August.
Among 84 companies that reported data across all eight months, average premiums declined for policyholders of only 17 of them:
