Floridians are feeling the pressure when it comes to homeowners insurance, and recent reports are confirming what many families have already noticed in their monthly bills.

According to a new report from The Coalition for an Insurable Future, the average home insurance premium in Florida increased by 75% between 2021 and 2025. That is nearly double the national average. The report points to a combination of climate-related risks, rising reinsurance costs, and years of legal challenges that have created instability in the market.

For homeowners across Florida, this is not just a headline. It is something impacting everyday budgets, property decisions, and long-term financial planning.

Why Are Insurance Costs Increasing?

Florida continues to face more frequent and severe weather events than ever before.

The report found that between 1980 and 1984, there were only 16 major weather-related disaster events nationwide. Between 2020 and 2024, that number jumped to 112. Florida has been directly affected by several of these storms, including Hurricane Ian, one of the costliest hurricanes in state history.

As storm risks increase, insurance companies face larger claims and greater financial exposure. That pressure eventually impacts homeowners through higher premiums and stricter underwriting guidelines.

Another major factor is reinsurance.

Reinsurance is essentially insurance for insurance companies. It helps carriers manage risk after catastrophic events. Over the last decade, reinsurance costs increased by 72%, adding another layer of expense to the market.

At the same time, Florida also experienced years of heavy insurance litigation. Former Florida Deputy Insurance Commissioner Lisa Miller noted that before recent legal reforms, Florida accounted for nearly 80% of the nation’s homeowners insurance lawsuits. Recent legislative changes have started to reduce some of that pressure, and more carriers are beginning to re-enter the market.

That is encouraging news, but stabilization takes time.

What This Means for Florida Homeowners

Many homeowners are now facing difficult decisions.

Some are reducing coverage to save money. Others are struggling to qualify for policies altogether. According to the report, nearly 20% of homes in Florida are currently uninsured, making Florida one of the highest uninsured states in the country.

Unfortunately, as more homeowners leave the insurance market, costs can continue rising for everyone else.

The reality is that insurance is no longer something homeowners can afford to “set and forget.”

Regular policy reviews, understanding coverage limits, flood protection evaluations, and proactive planning are becoming more important than ever.

What Homeowners Can Do Right Now

While no one can control the weather, there are steps homeowners can take to better protect themselves financially:

✅ Review your current policy before renewal season
✅ Understand your hurricane deductible and flood coverage
✅ Ask about mitigation credits or home improvements that may reduce costs
✅ Compare coverage options carefully, not just price
✅ Work with a trusted advisor who can explain your options clearly

At The Bedford Group Insurance, we believe insurance should not feel confusing or overwhelming. Our role is to help Florida homeowners understand what they have, what they may be missing, and how to make informed decisions in a changing market.

The Florida insurance landscape is evolving quickly, but proactive planning today can help reduce stress tomorrow.

If you have questions about your current coverage, renewal strategy, or ways to better protect your home and finances, our team is here to help.