Florida still has the nation's highest average homeowners insurance premiums — around $5,800–$7,100 annually. But as of February 2026, the market has stabilized significantly. Here's the 100% verified truth.
Citizens Policies In Force
January 31, 2026 — down from 1.4 million peak in 2023
Average Rate Decrease
Approved by OIR for Spring 2026 renewals
New Insurers Since Reforms
Have entered Florida market
Policyholders Seeing Cuts
Will receive lower premiums at renewal
Understanding what changed and why the market has stabilized.
Governor DeSantis signed major reforms that reduced litigation costs, made reinsurance cheaper, and encouraged new insurers to enter the market. These changes are now fully effective, bringing rates down.
The old narrative that Citizens was overflowing is outdated. As of January 31, 2026, Citizens has only 392,689 policies — the lowest in 14+ years. Over 1 million policies have moved to private carriers.
No major U.S. hurricane landfalls in 2025 means insurers didn't pay catastrophic claims. This stability is being passed on to homeowners through rate decreases.
Florida still has the nation's highest average premiums ($5,800–$7,100 annually). However, the trend is now downward with 5-11% decreases filed by major carriers for 2026.
Even with market improvements, certain situations make a quick cash sale the smart choice.
While averages are declining, your specific renewal might still be high due to your home's age, location, or claims history. Some homeowners prefer certainty over waiting for improvements to reach them.
Homes with roofs 15+ years old still face stricter underwriting. If you need a new roof or major repairs that insurance won't fully cover, selling as-is eliminates the financial burden.
Multiple denials, months of waiting for quotes, or annual renewal anxiety. Some homeowners simply want out of the insurance game entirely and prefer a clean cash sale.
Through our sister company Steady Path Property Solutions, homeowners can get a second opinion or competing offer to ensure they're getting maximum value for their property.
If you're inheriting property and insurance costs are weighing on you, let's talk. Get your no-obligation cash offer today
Central Florida has seen meaningful relief, though coastal exposure and home-specific factors still matter.
Here's the 2026 reality and smart next steps for Central Florida heirs.
Florida has no state-level inheritance or estate tax.
Cost basis resets to fair market value at death—minimizes capital gains if you sell soon.
Thousands of Central Florida heirs are choosing cash sales to avoid probate delays, insurance surprises, and maintenance burdens.
Read Our Inherited Property GuideComplete probate shortcuts, tax perks, insurance pitfalls, and cash offer process
Whether you stay and benefit from the improving market or sell and start fresh, we're here to help Central Florida homeowners make the best decision for their situation.
Also see: Florida Inherited Property Guide