Florida homeowners insured through Citizens Property Insurance are set to see meaningful premium relief beginning in Spring 2026, as approved rate changes take effect at policy renewal. The reductions follow continued stabilization in Florida’s insurance market after a multi year slate of insurance and tort reforms championed by Ron DeSantis and state regulators.
State officials framed the move as the most significant Citizens rate relief in recent memory, pointing to falling litigation, improving underwriting conditions, and a sustained shift of policyholders back into the private market. The approved filing delivers a statewide average premium reduction of 8.7%, with the majority of Citizens policyholders receiving a decrease. More than 330,000 policyholders across all 67 counties will see lower premiums, and over 150,000 will receive reductions of 10% or more.
The largest cuts are concentrated in South Florida, historically one of the most litigation intensive and expensive regions for property insurance. Broward County policyholders will see average reductions of about 14.1% across roughly 27,000 homes. Miami Dade County will see average reductions of 14% affecting approximately 42,000 homes. Palm Beach County will see average reductions of 11.9% for around 26,000 homes. In Monroe County, more than 1,000 homeowners will see average reductions of 11.3%, while over 8,000 wind only policies will experience either a reduction or no increase.
State leaders attributed the rate relief to structural changes in Florida’s insurance system, including the elimination of one way attorney fees and reforms targeting abusive assignment of benefits practices. According to regulators, litigation volume has declined sharply, actual losses have come in below prior projections, reinsurance pricing has moderated, and Citizens’ overall exposure has fallen as depopulation accelerates. Underwriting results across personal lines have also improved materially.
As of January 2025, Citizens policies in force declined to 395,144, representing a roughly 50% reduction from the prior year and the lowest level in 14 years. Regulators described this as the largest transition of policies back to the private market in a decade and a key signal of improved market health.
Officials also pointed to broader insurance market impacts. Since the reforms were enacted, 17 new insurance companies have entered Florida, increasing competition. Multiple homeowners insurers have filed for rate decreases, including Florida Peninsula, Security First, and Universal Property and Casualty. Auto insurers have also submitted reductions affecting hundreds of thousands of drivers, with filings from carriers including USAA, Florida Farm Bureau, Progressive, State Farm, AAA, and Allstate. In the commercial space, surplus lines data show premium reductions for commercial business and sharp declines for commercial windstorm and hail coverage.
Beyond insurance, state leaders highlighted spillover effects tied to lower insurance related costs. Uber reported that since March 2025, Florida riders have saved tens of millions of dollars, with year over year fare increases running up to six percentage points lower than in other states. The company attributed the difference to Florida’s legal reforms reducing insurance pressure on transportation networks.
Oversight of these filings and market conditions falls under the Florida Office of Insurance Regulation, which is responsible for regulation, compliance, and enforcement of insurance statutes and for monitoring the health of Florida’s insurance markets.