Tell Us: Home insurance is on the rise. Has your bill gone up in the last year?
FILE - Receding floodwaters surround a home on Las Olas (Spanish for "The Waves") Boulevard in the Sailboat Bend neighborhood of in Fort Lauderdale, Fla., Thursday, April 13, 2023. Florida Gov. Ron DeSantis Saturday, April 22, 2023, is asking the Biden administration to declare Broward County a disaster area due to flooding earlier this month after record rainfall. (AP Photo/Rebecca Blackwell, File) (Rebecca Blackwell, Copyright 2023 The Associated Press. All rights reserved.)
JACKSONVILLE, Fla. – Florida is in the middle of what many are calling a home insurance crisis.
Florida homeowners pay the most for home insurance, with an average annual rate of $10,996 in 2023, considerably more than America’s average rate of $2,377.
According to reports, average home insurance premium renewals rose 68% in Florida, the fastest increase in the country in the past two years. It also found that with $2.9 trillion in property exposure, Florida is the most at-risk state for catastrophic property damage from storms.
RELATED: Could the hyperactive hurricane season prediction impact Florida’s property insurance rates? | Homeowners fed up with property insurance rates continuously sky-rocketing
Tell us: Have your rates gone up? If so, how much more are you paying?
Comment on the form below and we may use your answer on Channel 4.
Copyright 2024 by WJXT News4JAX - All rights reserved.
About the Author Tarik Minor headshot
Tarik anchors the 4, 5:30 and 6:30 p.m. weekday newscasts and reports with the I-TEAM.
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