Governor Ron DeSantis, the 46ᵀᴴ Governor of Florida, has announced statewide insurance rate relief for homeowners, with Citizens Property Insurance policyholders expected to see premium reductions beginning in Spring 2026 at policy renewal.
The Executive Office of the Governor is responsible for overseeing state policy, administration, and public communications on behalf of the Governor.
Under the announcement, policyholders with Citizens Property Insurance, the state-backed insurer of last resort, will see notable premium reductions beginning in Spring 2026 at policy renewal. The changes are linked to ongoing stabilisation within Florida’s insurance market following insurance and tort reforms enacted during Governor DeSantis’ administration.
“Floridians are seeing rate reductions in both auto and homeowners insurance across the state, with additional relief coming soon,” commented Governor Ron DeSantis. “The reductions in Citizens Insurance rates are the most significant in recent memory. Premiums are lowering because we’ve enacted real reforms and withstood the pressure to reverse course. We will hold firm in our commitment not to go back to the broken insurance market of the past.”
“Four years ago, our insurance market was near collapse, which is why I stood alongside our Governor to create historic lawsuit reform, cut out the waste, fraud and abuse, and strengthen our insurance market,” added Chief Financial Officer Blaise Ingoglia. “Those reforms are working, and Florida homeowners are seeing the benefits. No other state and no other Governor is doing more to deliver on his promises and tackle housing affordability than Governor DeSantis. Florida continues to lead the nation on all fronts.”
“We are seeing nothing but good news across all data points for Florida’s auto and home insurance markets. These positive results are entirely related to our historic tort reforms, driven largely by Governor DeSantis’ leadership,” said Insurance Commissioner Mike Yaworsky. “I am hopeful that these reforms will not be repealed and that we will continue to be dogged in our efforts to improve the everyday conditions for Floridians.”
According to the Executive Office, under the newly approved rates, most Citizens policyholders are expected to benefit from lower premiums, with the average reduction across the state standing at 8.7%. More than 330,000 customers in all 67 counties are projected to see a decrease in their insurance costs, while in excess of 150,000 policyholders will receive reductions of at least 10%.
The most substantial changes are anticipated in South Florida, an area that has historically recorded high litigation-related insurance expenses. Average premium reductions are expected to reach 14.1% in Broward County, 14.0% in Miami-Dade County, 11.9% in Palm Beach County and 11.3% in Monroe County, where more than 8,000 wind-only policies are also expected to see either a reduction or no increase.
These changes are linked to sustained improvements in insurance market performance, including a marked fall in litigation following the removal of one-way attorney fees and certain assignment-of-benefits arrangements. Claims losses have continued to come in below previous forecasts, reinsurance pricing has eased, and Citizens’ overall exposure has declined as increasing numbers of policyholders transition back to private insurers. Underwriting conditions across personal lines have also strengthened.
The Executive Office noted that by January 2025, the number of Citizens policies in force had dropped to 395,144, representing a year-on-year reduction of 50% and the lowest total in 14 years. This movement reflects the largest return of policies to the private market seen in a decade. Since the reforms were introduced, 17 new insurers have entered the Florida market, increasing competition. Several home and motor insurers have submitted filings for premium reductions, while workers’ compensation rates fell by 6.9% in 2025, extending a sequence of annual decreases to nine consecutive years.
The Executive Office also highlighted recent examples of insurer-led reductions, including an average decrease of 8.2% for Florida Peninsula customers, 8% for Security First policyholders and 5.1% for those insured by Universal Property & Casualty. Motor insurers such as USAA, Florida Farm Bureau, Progressive, State Farm, AAA and Allstate have likewise filed for rate decreases affecting large numbers of drivers. In addition, customers in the surplus lines market have experienced lower premiums, with reported reductions of 10% for commercial business policies and 47% for commercial windstorm and hail cover.
Governor DeSantis also referenced comments from Uber on the wider economic impact of Florida’s legal reforms. Since March 2025, Uber reported that riders in Florida have saved tens of millions of dollars due to lower insurance-related costs, with year-on-year fare changes in the state running up to six percentage points lower than elsewhere. Uber stated: “Florida’s reforms are working: Riders are seeing lower trip fares and drivers are completing more trips. Let’s protect these wins.”
