Citizens Insurance says market is improving, but seeks 14% rate hike in 2025
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Citizens Insurance says market is improving, but seeks 14% rate hike in 2025
While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025.
Jun 20, 2024
Citizens Property Insurance Corporation Florida Homeowners Insurance
Florida insurance premiums are trending down. 📉 Link in the comments for the full story. Citizens Property Insurance will begin spring rate reductions, impacting over 330,000 policyholders statewide, with average decreases of 8.7% and larger cuts in South Florida. Auto insurers are also filing statewide rate reductions, signaling increased competition and lower costs for homeowners and drivers across Florida. Have you started to see your insurance rates go down? Let us know in the comments. | T
1:01
Florida insurance premiums are trending down. 📉 Link in the comments for the full story. Citizens Property Insurance will begin spring rate reductions, impacting over 330,000 policyholders statewide, with average decreases of 8.7% and larger cuts in South Florida. Auto insurers are also filing statewide rate reductions, signaling increased competition and lower costs for homeowners and drivers across Florida. Have you started to see your insurance rates go down? Let us know in the comments. | T
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