Average home insurance premiums in Florida increased by 1.5% over the first eight months of 2025 — an improvement over previous years but not the reduction that cost-burdened policyholders have been waiting for since reforms were enacted in 2022 and 2023.

Will prices ever come down? Insurance insiders are divided over the prospect.

Experts interviewed for this report concur that the potential for meaningful cost decreases depends on what happens to costs of reinsurance — insurance that insurers buy — as well as competition among a growing list of carriers, rebuilding cost inflation, and whether Mother Nature will prevent major storms from hitting the state in coming years.

According to a South Florida Sun Sentinel analysis of data released monthly by the Florida Office of Insurance Regu

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