Most if the increase is due to federal regulations and high risks from hurricanes.
At least we don’t have a state income tax.

Many people are forgetting one of the important parts of the equation - lobbyists. They have a lot more money and influence than the citizenry does and their loyalty is to their shareholders, not the policyholders.

Homeowners insurance
 

Not sure where that average comes from.... Our insurance jumped 75% this year to $2,380. If we get another increase like that, we will be moving out of state. By calling is "DeSantis's Florida", the author of the column made it political. Cut the fraud & lawsuits. Take constructive steps to respond to disasters when they occur.

I can't really complain. We have a 2 and 2 ranch in Amelia, about 1300sq ft. Our homeowners insurance is $1500 a year. Our home in Indiana is about the same size and we pay $1200.

Our best friends have a house very similar to ours in Bonita Springs. When they got their renewal for homeowners it went up $2100! I didn't ask what it was before that.

If I were an insurance company, I’d have to raise rates or not insure in FL or CA due to do many natural disasters. But, it’s the same as many business closing down in high crime cities as their insurance won’t keep up with all their theft and destruction. Kind of the same thing. Many of those businesses got dropped from continual looting and shoplifting.

There's more to it than an insurance "free market" - we don't have one in this state or any other state.

> Regulation plays a part, too. We have rules in place for companies that sell insurance here in Florida, just like all other states. That's good for consumers - if regulations are designed and enforced well. Conversely insurance regs can benefit insurance companies.

Lobbyists push for regulations and policy that benefit their companies. It's up to our elected leaders (all parties) to represent us, the citizens. When they're not doing a good job we should get rid of them. That requires understanding fairly complex stuff that is rarely discussed in the media. Understanding this stuff takes work - understanding the issue and how our elected officials impact our insurance choices and insurance costs and then you vote as an informed person. It's not going to be solved by listening to our favorite pretend news show. Ya gotta work at it. Go figure.

No state income tax. Decent property tax rates. Relatively inexpensive gas and electricity prices. Best beaches in the lower 48. Comfortable winters. The list goes on. The things that brought us here in the first place and continue to bring people here by the droves.

Those who know no better want the government to take care of everything. We see how they take care of our money....

Well said.

I agree let’s get Newsome over he will fix it

During Special Session Dec 2022 Senate Bill 2A was passed. In it...
"Assignments of Benefits:
Prohibits the assignment, in whole or in part, of any post-loss insurance benefit under any residential property insurance policy or under any commercial property insurance policy issued on or after January 1, 2023.

This means that Assignment of Benefits are no longer an option to be used in property insurance claims. You are unable to sign over your insurance benefits to a third party if your policy is issued on or after January 1, 2023.".

There are many other things in this and other legislation that was passed and signed into law by the Governor.
SOOOOOOO, it appears DeSantis IS doing something to address the insurance problem. "Not a political statement". LOL!
SOURCE: Property Insurance Changes

Sounds like different political rules for different people I got an infraction for way less than this political charged thread.
I guess it depends on what side you're on.

South Dakota has very low insurance and tax rates. If Florida is too expensive, there are plenty of other places you can move too. Send us a postcard and let us know how you are doing.

Once you mention our great governor, DeSantis, it then became political.

Florida Family Insurance - Ocala
 

We have a $850K home, full coverage $2,800/year.