After years of skyrocketing premiums, insurer exits, and marketplace uncertainty, there are encouraging signs that the Florida home insurance market is finally starting to stabilize in 2025. If you’re a homeowner, this shift could mean lower premiums, more options, and better peace of mind. Here’s what you need to know.
What’s Changing in 2025
In recent years, Florida homeowners have dealt with a volatile insurance landscape. Multiple carriers left the state or went out of business, forcing many policyholders into Citizens Property Insurance Corporation, the state’s insurer of last resort. But recent data shows a shift in the right direction.
Private insurers are returning to the market. New companies are being approved by regulators, and reinsurance costs — which significantly influence policy premiums — have started to come down. Citizens has even seen a decline in policy count as more homeowners are being picked up by private insurers.
“We’ve seen more competitive rates this year than any time in the past five,” says Lynne Ruiz, agency owner at E&L Insurance. “Now is a great time for Florida homeowners to reassess their coverage and pricing.”
What This Means for Homeowners
More competition among insurers often results in more attractive pricing and coverage options. For Florida homeowners, this creates an opportunity to review your current policy and potentially save.
For example, one of our clients in Miami recently switched from Citizens to a private insurer and saw a 15% premium reduction while maintaining the same coverage.
Even if you’re happy with your current insurer, reviewing your coverage annually is a smart move — especially in a shifting market like Florida’s. You might be able to secure better rates or upgrade your coverage without significantly increasing your premium.
Florida Still Ranks High in Insurance Costs
Despite signs of stabilization, Florida remains one of the most expensive states for homeowners insurance. According to Kiplinger, the average premium in Florida in 2025 is around $5,695 — more than double the national average of $2,466.
This makes it all the more important to explore your options and work with an experienced agent who can compare rates across multiple carriers.
Take Action: Review Your Policy Today
At E&L Insurance, we specialize in helping Florida homeowners find coverage that fits their needs and budget. If you haven’t reviewed your policy this year, now is the perfect time.
Get a free home insurance quote today
We’ll help you understand your options, review available discounts, and make sure your home is properly protected without overpaying. Contact us now.