FLORIDA — Citizens Property Insurance said its Board of Governors approved rate recommendations for 2026 to decrease personal policies by 2.6%.
Citizens said three out of every five policyholders will see an average premium reduction of $359 across the state.
“Critical reforms championed by Gov. DeSantis and approved by the Florida Legislature have done what they were supposed to do: provide rate relief to policyholders and stability to the Florida market,” said Tim Cerio, Citizens President/CEO and Executive Director. “These 2026 rate proposals are further confirmation that Florida’s insurance market is thriving.”
Tampa Bay 28 anchor Nadeen Yanes broke down the numbers by county, and it looks like 93,000 policyholders across the Tampa Bay area can expect their premiums to drop.
Here is the breakdown:
HILLSBOROUGH:
#of policies with rate decreases: 17,011
Rate Change 0.0%
PINELLAS:
#of policies with rate decreases: 45,999
Rate Change -1.8%
PASCO:
#of policies with rate decreases: 12,323
Rate Change +0.7%
POLK:
#of policies with rate decreases: 5,680
Rate Change -0.7%
MANATEE:
#of policies with rate decreases: 6,879
Rate Change +0.3%
CITRUS:
#of policies with rate decreases: 2,350
Rate Change -.0.7%
HERNANDO:
#of policies with rate decreases: 4,112
Rate Change +5.6%
More information here.
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