Florida Homeowners Pay Some of the Highest Insurance Costs In The Country

"The latest American Community Survey (ACS) data from the U.S. Census Bureau shows that in 2024, Florida homeowners with a mortgage typically spent between $2,000 and $2,499 annually on homeowners insurance, while those without a mortgage averaged $1,000 to $1,499. That puts the Sunshine State above nearby states like Georgia and South Carolina, where most insured homeowners pay between $1,000 and $1,499 per year."

"Homeowners across Florida are paying some of the steepest insurance bills in the nation. In comparing newly released Census Bureau data and information in the Realtor.com® 2025 Climate Risk Report, it is clear that the state stands out for both high annual premiums and heavy exposure to climate risks. These rising insurance costs are adding pressure to Florida households already contending with elevated home prices and mortgage rates."

Florida homeowners with mortgages typically paid $2,000–$2,499 annually for homeowners insurance in 2024; owners without mortgages paid $1,000–$1,499. Those averages exceed nearby Georgia and South Carolina, where most insured homeowners pay $1,000–$1,499. More than 6.2 million Florida households have homeowners insurance, and about 7,660 mortgaged households reported paying less than $100 annually. Rising homeowners insurance costs compound financial pressure on Florida households already facing elevated home prices and higher mortgage rates. State exposure to climate-related risks contributes to elevated premiums and strains the insurance market.

Read at SFGATE