Kin, a provider of insurance solutions for homeowners, has announced that it has reduced its homeowners insurance rates by an average of more than 20% for new and existing Florida policyholders in Broward, Miami-Dade, and Palm Beach counties, amid reforms and a softening re/insurance market.
Angel Conlin, Chief Insurance and Compliance Officer at Kin, highlighted that the reforms are making a difference for the homeowners insurance market, notably in Florida.
Conlin said, “The reforms championed by the Governor’s Office, the Insurance Commissioner, and state legislators are making a difference, and you can see it most clearly in South Florida.
“There’s still more work to do, but our data shows the market is getting healthier. When the economics improve, we want our customers to benefit.”
Litigation has improved more sharply in Broward, Miami-Dade and Palm Beach counties than anywhere else in Florida, according to OIR’s July 2026 Property Insurance Stability Report. HO3 litigation rates by loss year have fallen from 24.1% in 2022 to 2.0% in 2025, though the three counties remain the most litigated region in the state.
While the industry has faced volatility, Kin has not executed a statewide rate increase for Florida homeowners in three years and continues to deliver stable, accessible coverage.
Conlin added, “Florida has more property exposed to hurricane risk than anywhere else in the United States, and South Florida sits at the centre of that challenge. It’s also one of the most important markets to get right. Broward, Miami-Dade and Palm Beach counties represent nearly a quarter of Florida’s owner-occupied homes. We’ve built our business to serve homeowners in places like this. Now we’re growing here in South Florida and lowering prices at the same time.
“It is critically important that Florida continue the progress of making insurance more affordable for these homeowners. Kin is committed to working with the Florida legislators, insurance regulators, and the Governor’s office to ensure home insurance remains both affordable and accessible to Floridians.”
In addition, Kin has raised the maximum total insured value it can insure to $14 million, including for DP3 policies. As a result, Kin will be able to better serve higher-value properties throughout Florida, including those concentrated in the Tri-County area.
Kin also introduced several discounts for qualifying Floridians in 2026 that meet its specific eligibility criteria. These include a discount for bundling auto coverage with a Kin home policy; a senior discount for home policies, with eligibility broadened to those aged 50 and over; an early quote discount for customers who quote seven days before the effective date of coverage; and a home buyer discount for homes purchased within the past 10 years.
Kin operates in 14 states — Alabama, Arizona, California, Colorado, Florida, Georgia, Louisiana, Mississippi, Missouri, Oklahoma, South Carolina, Tennessee, Texas and Virginia — collectively making up 50% of the Total Addressable Market for home insurance.
