TAMPA, Fla. (WFLA) — Florida homeowners pay nearly five times more for insurance than the national average, according to a study from Insurify, which looked at real-time insurance quotes from partners and aggregated rate filings from Quadrant Information Services.
Florida homeowners are expected to pay an average of nearly $12,000 for home insurance in 2024, according to the report. That’s up 7% from 2023.
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Out of the 10 most expensive cities to insure a home in the United States, the study found that six of them were in Florida — all along the Atlantic coast.
Louisiana homeowners on average paid the second most in 2023, but was still about 60% of what their Florida counterparts paid, according to the study. However, Louisiana home insurance is expected to have the largest increase in 2024, going up 23% to an average of about $7,800.
Many insurance companies have filed for rate hikes or have just left the state altogether in recent years.
To view the full ranking and read the full methodology behind the study, visit the Insurify website.
