Find out which Florida homeowners could see their insurance premiums decrease under the new Citizens Property Insurance rates.

Florida’s Citizens Property Insurance Corp. will reduce rates by an average of 5.6% statewide in 2025, according to Gov. Ron DeSantis. The governor said the state had the lowest average increase in homeowners insurance rates nationwide over the past year.

Governor Ron DeSantis unveiled significant progress in Florida’s insurance market during a press conference in Miami today, announcing rate reductions for homeowners and auto insurance, as well as the entry of 11 new insurance companies into the state.

TALLAHASSEE -- Gov. Ron DeSantis on Wednesday said that many South Florida customers of the state's Citizens Property Insurance Corp. will receive rate decreases this year. During an appearance in Miami, DeSantis said 73 percent of Citizens customers with homeowners policies in Miami-Dade County will receive premium reductions.

Here’s what to know about the average cost of car insurance in Florida and Insurify’s prediction for rates in 2025.

While Citizens Insurance policyholders may be getting a break on their policy, others are watching to see how it will impact their bills.

The Florida Office of Insurance Regulation trimmed proposed rate increases that Citizens submitted last year. Also, Gov. Ron DeSantis said Wednesday that many Citizens customers in Miami-Dade and Broward counties will see decreases.

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