Florida Windstorm Insurance Statistics 2026

Data sources: Florida Office of Insurance Regulation (FLOIR), FEMA National Flood Insurance Program, Citizens Property Insurance Corporation, Insurance Information Institute (III), and CoreLogic. Statistics reflect the most recently available data as of 2025–2026.

Florida Home Insurance Premium Statistics

• Average Florida homeowners insurance premium (2026): $3,600–$4,200 per year — nearly 3x the national average of $1,400.
• Florida ranks #1 in the United States for highest average homeowners insurance premiums.
• South Florida premium range: Miami-Dade, Broward, and Palm Beach County homeowners typically pay $5,000–$9,000+ per year for combined homeowners and windstorm coverage.
• Panhandle premium range: Pensacola and Panama City homeowners pay $3,500–$6,500 per year due to direct Gulf hurricane exposure.
• Premium increase 2020–2026: Florida homeowners insurance premiums have increased an average of 102% over the past six years, according to the Insurance Information Institute.
• Number of insurers that exited Florida (2020–2024): At least 11 property insurance companies became insolvent or withdrew from the Florida market.

Citizens Insurance Statistics

• Citizens Insurance policies (early 2026): Approximately 1.1–1.2 million policies, down from a peak of 1.4 million in 2023.
• Citizens Insurance average premium (2026): Approximately $3,200–$4,800 per year depending on county and coverage level.
• Citizens depopulation (2023–2025): Over 300,000 policies were moved from Citizens to private carriers through the state's depopulation program.
• Citizens Insurance surplus (2025): Citizens reported a surplus of approximately $4.5 billion, its strongest financial position in years.
• Eligibility cap: Citizens is only available to homeowners whose private market premium exceeds Citizens' rate by more than 20%.

Hurricane and Windstorm Claims Data

• Hurricane Ian (2022) insured losses: Approximately $60–$65 billion — the costliest hurricane in Florida history and the third-costliest in U.S. history.
• Hurricane Idalia (2023) insured losses: Approximately $3.6 billion in Florida.
• Hurricane Helene (2024) Florida losses: Approximately $6–8 billion in insured losses across the Big Bend and Gulf Coast regions.
• Florida accounts for approximately 9% of all U.S. homeowners insurance policies but generates roughly 79% of all U.S. homeowners insurance lawsuits (pre-2023 tort reform).
• Average windstorm deductible in Florida: 2%–5% of the insured dwelling value. On a $400,000 home, a 2% deductible means the first $8,000 of a windstorm claim comes out of pocket.

Wind Mitigation Statistics

• My Safe Florida Home program grants: The state offers matching grants up to $10,000 for hurricane-resistant home improvements. Over 50,000 grants have been issued since the program's relaunch.
• Wind mitigation inspection cost: Typically $75–$150 for a certified inspection.
• Average premium discount from wind mitigation: 10%–40% depending on construction features such as hip roof, impact windows, and reinforced garage doors.
• Hip roof discount: Homes with hip roofs (all sides slope down) typically receive a 20–30% windstorm premium discount vs. gable roofs.
• Impact window discount: Installing impact-resistant windows and doors can reduce windstorm premiums by 15–25%.

Frequently Asked Questions