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Florida’s home insurance crisis may be causing residents to flee the state in droves as premiums skyrocket. Rising home insurance rates in Florida could be driving people away. What’s happening:
Residents there now pay an average of $4,200 per year for home insurance, more than double the national average of $1,700, a stark increase that could lead to the reversal of torrid population ...
Ten Florida insurance companies said recently they would not increase rates, and at least 15 others filed for a decrease in rates.
Citizens has announced its intention to increase rates for its customers, such as Laub, by an average of 14% in 2025. ... puts the average Florida insurance premium at $5,533 for a $300,000 home ...
The average cost of a home insurance policy in Florida is $3,340 per year, according to the Insurance Information Institute, a 37% increase from 2021 and higher than the national average. But in ...
The added cost of flood insurance. About 40 percent of the hurricanes that make landfall in the U.S. hit Florida. Since Southern Florida is only about 60 miles wide, flood insurance may be crucial ...
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