Florida Insurance Rate Relief: 8.7% Average Decrease, Spring 2026

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ICYMI: Governor Ron DeSantis Announces Major Insurance Rate Relief as Florida’s Reforms Deliver Results

Jan 13, 2026, 09:36
by
Shiloh Elliott DAVIE, Fla.—Today, Governor Ron DeSantis announced significant statewide insurance rate relief for Florida homeowners, as Citizens Property Insurance policyholders across the state will see meaningful premium reductions beginning in Spring 2026 at policy renewal. The reductions reflect continued stabilization of Florida’s insurance market following comprehensive insurance and tort reforms enacted under Governor DeSantis’ leadership. “Floridians are seeing rate reductions in both auto and homeowners insurance across the state, with additional relief coming soon,” said Governor Ron DeSantis. “The reductions in Citizens Insurance rates are the most significant in recent memory.  Premiums are lowering because we’ve enacted real reforms and withstood the pressure to reverse course. We will hold firm in our commitment not to go back to the broken insurance market of the past.”

“Four years ago, our insurance market was near collapse, which is why I stood alongside our Governor to create historic lawsuit reform, cut out the waste, fraud and abuse, and strengthen our insurance market,” said Chief Financial Officer Blaise Ingoglia. “Those reforms are working, and Florida homeowners are seeing the benefits. No other state and no other Governor is doing more to deliver on his promises and tackle housing affordability than Governor DeSantis. Florida continues to lead the nation on all fronts.”

“We are seeing nothing but good news across all data points for Florida’s auto and home insurance markets. These positive results are entirely related to our historic tort reforms, driven largely by Governor DeSantis’ leadership," said Insurance Commissioner Mike Yaworsky. "I am hopeful that these reforms will not be repealed and that we will continue to be dogged in our efforts to improve the everyday conditions for Floridians.”

Under the approved rates, the vast majority of Citizens policyholders statewide will receive a premium decrease, with a statewide average reduction of 8.7%. Over 330,000 policyholders across all 67 counties will see rate decreases, and more than 150,000 policyholders will receive reductions of 10% or greater

South Florida, which experienced some of the highest litigation-driven insurance costs in the state, will see the largest reductions.

• Broward County: Approximately 27,000 homes with an average reduction of 14.1%
• Miami-Dade County: Approximately 42,000 homes with an average reduction of 14.0%
• Palm Beach County: Approximately 26,000 homes with an average reduction of 11.9%
• Monroe County: More than 1,000 homeowners will see an average reduction of 11.3%, and over 8,000 wind-only policies will experience a reduction or no increase. The premium reductions are driven by lasting improvements in Florida’s insurance market, including a sharp decline in litigation following the elimination of one-way attorney fees and abusive assignment-of-benefits practices. Actual losses have trended below prior projections, reinsurance costs have declined, and Citizens’ overall exposure has decreased as policyholders return to the private market. Underwriting conditions across personal insurance lines have also improved significantly.

As of January 2025, Citizens policies in force declined to 395,144, representing a 50% reduction from the prior year and the lowest level in 14 years. This reflects the largest transition of policies back to the private market in a decade and underscores the improved health of Florida’s insurance market.

Florida’s reforms are also producing savings across the broader insurance market. Since the enactment of these reforms, 17 new insurance companies have entered Florida, increasing competition. Dozens of homeowners and auto insurers have filed for rate decreases, and workers’ compensation rates declined by 6.9% in 2025, marking the ninth consecutive year of rate reductions for employers.

A few examples of recent reductions where homeowners are saving money include:

• An 8.2% reduction for Florida Peninsula customers
• An 8% reduction for Security First customers

• A 5.1% reduction for Universal Property & Casualty customers
  Auto insurance companies operating in Florida continue to file for premium rate decreases for hundreds of thousands for drivers:

• USAA: average decrease of -7%.

• Florida Farm Bureau: average decrease of -8.7%.

• Progressive: average rate decrease of -8%. This is in addition to their recent announcement to refund policyholders over $1 billion.

• State Farm: average decrease of -10.1%, which when combined with recent filings brings the cumulative reduction to -20%

• AAA: Three rate reductions over the year, lowering premiums by -15%.

• Allstate: 13.1k drivers average decrease of -4%.
  Surplus lines customers are also paying lower premiums, with recent reports from the Florida Surplus Lines Association which found reductions in costs for Commercial Business by -10% and Commercial Windstorm and Hail by -47%.

Governor DeSantis also noted an announcement from earlier today by Uber highlighting the broader economic impact of Florida’s legal reforms. Uber reported that since March 2025, Florida riders have saved tens of millions of dollars due to lower insurance-related costs, with year-over-year fare changes in Florida running up to six percentage points lower than in other states. Uber reinforced the importance of Florida’s reforms working, “Florida’s reforms are working: Riders are seeing lower trip fares and drivers are completing more trips. Let’s protect these wins.”

About the OIR

The Florida Office of Insurance Regulation (OIR) has primary responsibility for regulation, compliance, and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about OIR, please visit our website or follow us on X @FLOIR_comm.