We’re continuing to see positive movement in Florida’s insurance market — especially here along the Gulf Coast. As more insurance companies re-enter Florida, competition is helping stabilize rates and create more options for homeowners.
📊 Recent trends show:
• 2021: ~10% rate increases
• 2022: ~20% increases
• 2023: ~15–25% increases
• 2024: ~0–1% increases
• 2025: ~0–2% increases
In fact, Florida is currently seeing some of the LOWEST insurance rate increases in the country for 2025, which is encouraging news for both buyers and sellers. While Florida still carries higher premiums overall due to coastal exposure and storm risk, the market is moving in a much healthier direction.
✨ Additional positive updates:
✔️ 17 new insurance companies have entered the Florida market
✔️ Some home and auto insurers have already filed for rate decreases
✔️ Reinsurance costs (insurance for insurance companies) are beginning to stabilize
✔️ Many flood insurance policies may be assumable from the seller, potentially offering savings and continuity for buyers
As always, preparation is key to homeownership in Florida — and next month we’ll be releasing a Hurricane Preparedness Guide for homeowners and buyers. If you'd like a copy, send me a message, and I’ll make sure you receive one!
Thinking about buying or selling in Sarasota, Lakewood Ranch, or the surrounding Gulf Coast areas? I’m always happy to help you navigate the market and connect you with trusted local insurance resources.
