Florida Homeowners Now Have a Bigger Problem than Property Taxes
Summary
Florida homeowners are more worried about rising home insurance costs than property taxes, according to a recent survey. While voters will decide on property tax cuts soon, insurance premiums in Florida remain the highest in the U.S. due to factors like hurricanes, fraud, and legal issues.Key Facts
- A survey of 1,511 Florida homeowners found 63% are more concerned about property insurance costs than property taxes.
- Only 36% of surveyed homeowners said property taxes are a bigger concern.
- The average home insurance premium in Florida is $8,471 per year, the highest in the nation.
- Florida’s coastal location and climate change-related severe weather increase insurance risks and costs.
- Insurance premiums in Florida rose 75% from 2021 to 2025, nearly double the national average increase.
- Causes for rising premiums include storms, fraud, and lawsuits related to insurance claims.
- Florida passed legal reforms in 2022 to reduce lawsuit abuse and insurance fraud, which has helped stabilize the market.
- Since the reforms, home insurance premiums dropped in most Florida counties in early 2026.
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