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Florida's Home Insurance Premiums Skyrocket to $5,400 Annually

5/7/2025

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Summary

Story summary

Florida has the second-highest home insurance premiums in the U.S., averaging $5,400 per year.
This is significantly higher than Georgia's average of $2,000 for homeowners.
Key factors affecting rates include the age of homes, geographic location, and increasing reconstruction costs.
Insurers are restricting policies in high-risk areas, leading many homeowners to rely on state-run insurance options.

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Story summary

Florida has the second-highest home insurance premiums in the U.S., averaging $5,400 per year.
This is significantly higher than Georgia's average of $2,000 for homeowners.
Key factors affecting rates include the age of homes, geographic location, and increasing reconstruction costs.
Insurers are restricting policies in high-risk areas, leading many homeowners to rely on state-run insurance options.