By Chad T. Wilson Law Firm Staff — based on reporting by the Florida Office of Insurance Regulation, October 29, 2026. Read the original reporting here.
A Florida homeowners insurance rate decrease took effect this month across eight carriers, touching roughly 824,293 new or renewing policies, according to the Florida Office of Insurance Regulation (OIR). The announced reductions range from 1.2% to 12.1%, and the largest share belongs to Citizens Property Insurance Corporation. If you own a home in Florida, there is a fair chance your carrier is on the list — but a lower base rate is not the same thing as a lower final premium, and it says nothing about how a future claim will be handled.
OIR highlighted decreases that apply to new policies, renewals, or both. Here is the carrier-by-carrier breakdown as announced:
| Carrier | Decrease | Policies | Applies to |
|---|---|---|---|
| Citizens Property Insurance Corporation | 8.7% | 617,958 | New & renewal |
| Tower Hill Prime Insurance Company | 4.9% | 137,879 | New & renewal |
| Security First Insurance Company | 5.9% | 19,114 | New & renewal |
| State Farm Florida Insurance Company | 6.3% | 5,234 | New policies |
| Insurance Capital Exchange | 1.2% | 5,102 | New policies |
| Modern USA Insurance Company | 5.6% | 4,813 | New & renewal |
| Florida Peninsula Insurance Company | 2.2% | 43,946 | New & renewal |
| SafePoint Insurance Company | 12.1% | 247 | New policies |
OIR also referenced previously effective filings from American Integrity — 0.3% for about 184,000 consumers and 12.3% for roughly 8,900 — and Florida Family Home at 8% for about 20,700 consumers. State officials have attributed the broader trend to improvements in Florida’s insurance market following recent tort reforms, and Commissioner Mike Yaworsky noted that regulators sometimes press carriers for larger reductions when the actuarial data supports them.
Here is the part worth reading twice. A Florida homeowners insurance rate decrease is a change to a carrier’s base rate — the starting point from which your premium is calculated. It is not a promise that the number on your renewal declarations page will drop by the same percentage. Several factors can move your premium in the opposite direction at the very same renewal: a higher insured value on your dwelling, a change in territory or coverage limits, adjusted deductibles, the loss or gain of mitigation credits, roof characteristics, underwriting changes, and added fees or assessments.
In plain terms: an 8.7% base-rate cut and a rising replacement cost can land in the same envelope. Before you assume the decrease reached your policy, compare this year’s declarations page against last year’s line by line — dwelling limit, deductibles, endorsements, discounts, and fees — and ask your agent to confirm how the filed decrease was applied.
A lower rate is welcome news for Florida homeowners, but it is a renewal-pricing story, not a claims story. Rate relief does not determine how an insurer will adjust, pay, delay, or deny a claim after a hurricane, windstorm, or water loss. Policyholders who paid every premium still find, too often, that the settlement offer does not match the damage. That is a separate fight, and it is the one we were built for.
Whatever your rate did this year, keep a steady hand when a loss happens:
Chad T. Wilson Law Firm represents policyholders — not insurance companies — and has resolved more than 6,000 claims. Headquartered in Webster, Texas and representing homeowners and commercial policyholders nationwide, including throughout Florida, our team steps in when a claim is denied, delayed, or underpaid. If your settlement does not reflect the real cost of repair, our underpaid claims attorneys can review the offer and the policy against the damage. We work on contingency — no recovery, no fee — so talking to an insurance claim lawyer costs you nothing up front. Denied, delayed, or underpaid? Call (833) 942-0678 for a free review.
This article is for informational purposes only and is not legal advice. Figures reflect the Florida Office of Insurance Regulation’s October 2026 announcement and may be updated; individual premiums vary. No outcome is guaranteed.
Sources: Florida OIR announcement, The Capitolist, ClickOrlando / News 6
