By Jim Carchidi
January 12, 2026
Insurance policyholders across Florida will see a reduction in premiums this year. Gov. Ron DeSantis announced on Monday, Jan. 12, that Citizens Property Insurance is among the companies that will be reducing rates.
Average reductions
Florida insurance rates are among the highest in the nation due to frequent hurricanes, flooding, and population density.
According to the announcement, more than 330,000 Citizens policyholders across all 67 counties will see rate decreases averaging 8.7% with more than 150,000 policyholders receiving reductions of 10% or greater. Reductions are projected to be highest for South Florida residents.
- Broward County: Approximately 27,000 homes with an average reduction of 14.1%
- Miami-Dade County: Approximately 42,000 homes with an average reduction of 14.0%
- Palm Beach County: Approximately 26,000 homes with an average reduction of 11.9%
- Monroe County: More than 1,000 homeowners will see an average reduction of 11.3%, and over 8,000 wind-only policies will experience a reduction or no increase.
DeSantis said the reductions resulted from litigation reforms passed in 2022 and 2023 that reduced excessive insurance lawsuits. The reforms restricted policyholder transfers of insurance claim rights, eliminated one-way attorney fees, and shortened claim filing windows. The reforms opened the door for wider marketplace competition with 17 new insurance companies entering the state.
Citizens began 2026 with fewer than 400,000 policies compared to 1.3 million at the start of 2025
Additional reductions
Auto insurance companies are also filing premium rate decreases for statewide policies with the following reductions per company:
- USAA: average decrease of 7%
- Florida Farm Bureau: average decrease of 8.7%
- Progressive: average rate decrease of 8% in addition to a recent refund of over $1 billion distributed to Florida policyholders
- State Farm: average decrease of 10.1%
- AAA: Four rate reductions over 2025, lowering premiums by a total of 15%
- Allstate: 13.1k drivers average decrease of 4%
“We are seeing nothing but good news across all data points for Florida’s auto and home insurance markets,” said Florida Insurance Commissioner Mike Yaworsky. "I am hopeful that these reforms will not be repealed and that we will continue to be dogged in our efforts to improve the everyday conditions for Floridians.”
Sponsor: The Orlando Real is sponsored by the Pozek Group — the #1 real estate team in Orlando and the Official Real Estate Team of the Orlando Magic.
About the Author
Jim Carchidi is an Orlando journalist and photographer with previous work at the Orlando Sentinel and Orlando Business Journal. He covers development, arts, culture, and local stories for The Orlando Real.
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