Florida Home Insurance Rates Flatten for a Second Straight Quarter, State Data Show

Statewide average premiums barely moved again last quarter. Regulators credit the 2022–23 litigation reforms; homeowners in coastal counties are still waiting to feel it.

• Statewide average change: under 1% for the second quarter running.
• New insurers continue entering the Florida market.
• Coastal and older-roof homes remain the expensive exceptions.

After years of double-digit jumps, Florida's homeowners insurance market posted another flat quarter, according to state regulatory data — the second in a row.

Regulators credit the litigation reforms of 2022–23, which cut the lawsuit volume that had been driving carrier losses. A string of new insurers has also entered the market, adding competition.

The averages hide the usual split: inland homes with newer roofs are seeing the relief first, while coastal properties and older roofs still face steep renewals.