Ron DeSantis, the 46th Florida Governor, announced statewide homeowners insurance rate reductions, with Citizens Property Insurance policyholders expected to experience the premium reductions starting at policy renewal in the spring of 2026.
The Executive Office of the Governor oversees state policy, administration, and public communications on behalf of the Governor.
According to the announcement, policyholders at Citizens Property Insurance, the state-backed insurance company of last resort, will see significantly lower premiums when their policies renew starting in spring 2026. These changes are related to the continued stabilization of Florida’s insurance market following the insurance and tort reforms implemented during Governor DeSantis’ administration.
“Florida auto and homeowners insurance rates are falling across the state, and additional relief is coming soon,” Governor Ron DeSantis commented. “Citizens insurance rate drops are the most significant in recent years. Premiums are down because we enacted real reforms and resisted pressure to reverse course. We remain steadfast in our commitment not to return to the broken insurance market of the past.”
“Four years ago, our insurance market came close to collapse, which is why I worked with the governor to enact historic litigation reforms to eliminate waste, fraud and abuse and strengthen our insurance market,” added Chief Financial Officer Blaise Ingoglia. “These reforms are working, and Florida homeowners are seeing the benefits. No state and governor has done more to deliver on their promises and address housing affordability than Governor DeSantis. Florida continues to lead the nation on every front.”
“We are seeing good news across all data points in Florida’s auto and home insurance markets. These positive results are entirely tied to our historic tort reform, largely driven by Governor DeSantis’ leadership,” said Insurance Commissioner Mike Yaworsky. “It is my hope that these reforms will not be repealed and that we will continue to work relentlessly to improve everyday conditions for Floridians.”
According to the Executive Office, most Citizen policyholders are expected to benefit from lower premiums under the newly approved rates, with a statewide average decrease of 8.7%. More than 330,000 customers in all 67 counties are expected to see their insurance costs drop, while more than 150,000 policyholders will receive at least a 10 percent reduction.
The most significant changes are expected in South Florida, an area with historically high litigation-related insurance costs. Average premiums are expected to drop 14.1% in Broward County, 14.0% in Miami-Dade County, 11.9% in Palm Beach County and 11.3% in Monroe County, with more than 8,000 wind policies also expected to see a decrease or no increase.
These changes are related to continued improvements in insurance market performance, including a significant decline in the number of lawsuits following the elimination of one-way attorney fees and certain benefit-sharing arrangements. Claims losses continue to be below previous forecasts, reinsurance pricing has slowed, and citizens’ overall risk exposure has declined as more policyholders turn to private insurers. Underwriting conditions for personal insurance have also been strengthened.
The Executive Office noted that as of January 2025, the number of active citizenship policies had dropped to 395,144, a 50% decrease year-on-year and the lowest level in 14 years. The move reflects the biggest policy return to private markets in a decade. Since the reform was implemented, 17 new insurance companies have entered the Florida market, increasing competition. Several home and auto insurance companies have submitted applications for premium reductions, while workers’ compensation rates will drop 6.9% by 2025, marking the ninth consecutive year of declines.
The Executive Office also highlighted recent examples of insurance company-led rate reductions, including an average price reduction of 8.2% for Peninsula Florida customers, an average price reduction of 8% for Safety First policyholders, and an average price reduction of 5.1% for policyholders covered by Universal Property & Casualty. Car insurance companies including USAA, Florida Farm Bureau, Progressive, State Farm, AAA and Allstate have also filed for rate reductions, affecting a large number of drivers. Additionally, customer premiums fell in the remaining lines market, with commercial business premiums reportedly down 10% and commercial storm and hail premiums down 47%.
Governor DeSantis also cited Uber’s comments about the broader economic impact of Florida’s legal reform. Uber reported that riders in Florida have saved tens of millions of dollars from lower insurance-related costs since March 2025, with year-over-year fare changes in the state 6 percentage points lower than elsewhere. “Florida’s reforms are working: Riders pay less for rides and drivers take more trips,” Uber said. “Let’s protect these wins.”
