JACKSONVILLE, Fla. – Florida is in the middle of what many are calling a home insurance crisis.
Florida homeowners pay the most for home insurance, with an average annual rate of $10,996 in 2023, considerably more than America’s average rate of $2,377.
According to reports, average home insurance premium renewals rose 68% in Florida, the fastest increase in the country in the past two years. It also found that with $2.9 trillion in property exposure, Florida is the most at-risk state for catastrophic property damage from storms.
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Tell us: Have your rates gone up? If so, how much more are you paying?
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