FLORIDA — Seventy percent of Florida homeowners say they have been affected by rising home insurance costs or changes in coverage, according to a survey commissioned by Redfin. The survey, conducted in February 2024, involved 2,995 U.S. homeowners and renters.
One-third of the homeowners who responded to the survey have moved or plan to move to a new area where coverage is available/affordable. But nearly the same share, approximately 30%, are staying in their home with little or no coverage.
One in eight Florida respondents said their insurance company stopped offering coverage.
Sarasota, Manatee County
Progressive Insurance begins dropping home insurance policies in Florida
Most people across the U.S. who responded to the survey (71.7%) said their policy premiums increased, and in Florida, 76% of people said they saw increases.
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