Florida's July stability report, Citizens' 14% Miami-Dade cut taking effect, 44 carriers filing decreases. The insurance objection finally has real numbers behind it.
The Florida Office of Insurance Regulation's July 1 Property Insurance Stability Report puts the average Miami-Dade homeowners premium, including wind, at $5,975. For a condo unit owner including wind it is $2,801. Without wind coverage the figures drop to $3,779 and $1,764. Broward's homeowners average is $6,136, Palm Beach's $6,323 and Monroe's $7,863. The report says the average homeowners premium fell in 51 of 67 counties since its January edition.
For three years insurance killed more South Florida deals than rates did. These are averages, and the report itself warns actual premiums vary by carrier, insured value and deductibles, so do not treat $5,975 as your quote. But the direction is now documented by the regulator, not by an agent trying to close you. If a quote blew up your budget in 2024 or 2025, re-quote. And notice the condo number: at $2,801 including wind, the unit owner's premium is a fraction of the single-family figure, one of the few cost lines that still favors the condo buyer this year.
Rate, taxes and a current premium estimate, so the monthly number is the honest one.
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