Florida homeowners insurance rates fell 0.92% statewide in 2025, the lowest rate change in the nation, while the national average rose 5.5%, according to figures the Florida Office of Insurance Regulation cited to S&P Global on Sept. 22. On the same day the office announced approved rate decreases at five insurers, including 10.4% cuts for two of them and an average decrease above 20% for Kin Insurance customers in three South Florida counties. The changes reach policyholders when their policies renew, and they apply only to customers of those insurers.
How the 0.92% and 5.5% compare
Both headline numbers are full-year 2025 figures, and both come from the same source. The Office of Insurance Regulation release attributes them to S&P Global, saying Florida had the lowest rate change in the nation in 2025 at a decrease of 0.92 and that the national calculated weighted average increase was 5.5%. The office is relaying a third party’s calculation, not publishing its own, and the release gives no methodology. A statewide average also says little about any one household, because individual insurers and individual policies move by different amounts.
The comparison should not be mixed with the 30-day average of new rate requests the release also reports, which is a decrease of 4.8% compared with a decrease of 1.1% one year earlier. Requests are what insurers ask regulators to approve, not what was charged. The 180-day average request is a decrease of 0.3%. Only the 2025 statewide and national numbers describe what actually happened to rates over a full year.
Five insurers, five approved decreases
The office approved decreases at One Alliance North America Insurance Company, Vyrd Insurance Company, Safe Harbor Insurance Company, Unique Insurance Company and Kin Insurance. The release lists the following:
- One Alliance North America: a 10.4% decrease affecting 17,148 policies
- Vyrd: a 10.4% decrease affecting 26,751 policies
- Safe Harbor: a 4.1% decrease affecting 10,501 policies
- Unique: a 3.2% decrease affecting 8,266 policies
- Kin: an average decrease of more than 20% for policyholders in Broward, Miami-Dade and Palm Beach counties
The four disclosed policy counts total 62,666, and the release describes the approvals as covering more than 62,000 policies. Kin’s policy count is not given. Insurance Journal reported that the four insurers with disclosed figures averaged a 7% cut across those policies. The release adds that Kin also offers bundling, senior discounts and other incentives, which are features a homeowner can ask an insurer about separately from the rate itself.
What a percentage decrease means for a premium
A 10.4% decrease takes about a tenth off the premium at renewal, and a 3.2% decrease takes off about a thirtieth. The dollar result depends on each policy’s current premium, which none of the sources give, so the release supports the size of the change but not a savings figure for a typical household. Because the decreases apply at renewal rather than immediately, a policyholder’s first bill under the new rate arrives only when the policy’s next term begins. The release does not give effective dates by insurer beyond that.
Policyholders of insurers not on the list are not covered by these approvals. The office says more is coming: its newsroom statement notes that it is reviewing multiple pending requests for rate decreases, with more announcements expected. Since January 2024, 48 companies have filed for decreases and 53 have asked for no change, according to the release.
A shrinking Citizens roll and 20 new carriers
The insurers approved on Sept. 22 are private carriers, and the market they sit in has been reshaped. Insurance Journal reported that policy counts at state-backed Citizens Property Insurance fell from 1.4 million in 2023 to 266,231 in August 2026, which means far more homeowners now hold policies with private companies whose rates the office reviews. Insurance Business reported that 20 new companies have entered the Florida market since the 2022-2023 reforms took effect. More carriers competing for the same homeowners is the setting in which the office says decrease filings are arriving, though neither report ties the rate cuts to any single cause.
Commissioner Yaworsky’s outlook and the 2022 baseline
Commissioner Mike Yaworsky said in the release, “OIR is receiving a flood of rate decrease requests ranging from -0.3 to -19.7. This is great news for Floridians.” Insurance Business quoted him adding, “I expect to see more aggressive rate cuts in the near future and going into 2027.” A News4Jax report added a longer view for homeowners who remember the earlier run-up: average approved rates were +15.33% as recently as July 2022, against decreases in the latest filings.
Insurance Business also cited an actuarial study by the American Property Casualty Insurance Association finding that Florida policyholders paid nearly $3 billion less for home and auto insurance in 2025 than in 2024. That is an industry trade group’s measure across two lines of coverage and should not be read against the S&P Global homeowners figure. The office’s Sept. 22 release remains the record for which insurers won approval and for the 2025 comparison that the S&P Global data supplies.
Property-tax relief that runs on its own calendar
Homeowners on fixed incomes often qualify for property-tax freezes or circuit-breaker credits that are never applied automatically, and each program sets its own application and renewal dates. Insurance premiums are one line of a homeowner’s yearly costs, and property tax is another.
The Senior Property Tax & Home-Cost Relief Kit is an 11-page kit that explains the 5 kinds of property-tax relief and the circuit-breaker credit that includes renters, with an application log and renewal calendar for keeping the dates straight.
See the application log and renewal calendar in The Senior Property Tax & Home-Cost Relief Kit →
This article was produced with AI assistance and checked against the primary sources linked above.
Warren Cohen is a finance writer based in Phoenix, Arizona, covering personal finance topics including credit, banking, and beginner investing. He earned his degree in business administration from Arizona State University and began his career working in consumer finance, where he gained direct experience with lending and credit systems. He now writes for personal finance websites and fintech platforms, focusing on clear, practical content that helps readers make informed financial decisions.
