Florida Homeowners Premium Growth Slowsas Reforms Take Hold, Inflation Cools
Triple-I: Homeowners Insurance
JUNE 26, 2024
Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart below, average annual premiums climbed sharply after 2020. In 2022, average homeowners premium rates rose more than 17 percent, to $3,040.
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