Florida Home Insurance is Out of Control — Here’s What Buyers Need to Know Now

Thinking About Buying a Home in Florida? Let’s Talk About Insurance.

Buying a home in Florida comes with sunshine, sandy beaches, and… skyrocketing insurance premiums?

Yes — one of the hottest topics in Florida real estate right now is the home insurance crisis. If you're planning to buy in 2025, ignoring this issue could cost you big.

Let’s break down what’s happening and how Team Renick can help you navigate it like a pro.

Why Florida Home Insurance Rates Are So High in 2025

If you've been quoted premiums that seem double what you'd pay elsewhere, you're not imagining things.

1. Severe Weather Risk

• Hurricanes, flooding, and high winds are more common here than most other states.
• Even non-coastal areas are now considered higher-risk zones by insurers.

2. Insurance Litigation Abuse

Florida has seen a flood of lawsuits over claims disputes, driving up legal costs for insurers. As a result, many national carriers have pulled out of the state entirely.

3. Fewer Insurance Providers

With companies exiting Florida, fewer options = less competition = higher prices.

4. High Rebuild Costs

Florida's construction and labor costs have increased post-pandemic, raising replacement values.

How Much Does Home Insurance Cost in Florida?

In 2025, the average Florida homeowner pays between $4,000–$7,000 per year in premiums, depending on:

• Location (coastal vs inland)
• Age of the home
• Roof condition
• Flood zone designation
• Wind mitigation features

What Buyers Must Ask Before Making an Offer

• Is this home in a flood zone or wind-risk area?
• Has the roof been replaced in the last 15 years?
• Does it have hurricane shutters, impact glass, or a wind mitigation report?
• Are there active insurance quotes available on this home?

What Is Citizens Property Insurance and Why Should You Know It?

With private insurers retreating, many buyers are left with one option: Citizens Property Insurance Corporation, the state-backed insurer of last resort.

• Citizens is meant to be temporary coverage, not ideal long-term
• Coverage limits and restrictions vary by county
• Premiums are often higher than private insurers (but still better than going uninsured)

Team Renick works closely with trusted local insurance brokers to help our clients find the right fit — not just the default.

How to Lower Your Insurance Premiums as a Buyer

• Choose a newer home or one with a new roof
• Get a wind mitigation inspection — discounts can be significant
• Avoid properties in high-risk flood zones if possible
• Bundle with auto insurance for multi-policy savings

Don’t Let Insurance Derail Your Florida Dream

Yes, insurance is expensive here. But it doesn’t have to be scary — if you go in prepared.

At Team Renick, we:

• Help buyers evaluate potential insurance costs before writing an offer
• Partner with local pros to get fast, accurate quotes
• Know what features will keep your premiums reasonable

We believe smart buyers are successful buyers — and we’re here to help you every step of the way.

Ready to Buy in Florida Without the Guesswork?

Let’s talk about your goals, your budget, and how to make your home purchase in Florida safe, smart, and strategic.

👉 Contact Team Renick today to get started — we’ll help you ask the right questions and avoid costly surprises.