Most Citizens Insurance customers in South Florida could see rates fall by more than 11% in 2026

"The company is recommending an average 2.6% statewide rate decrease for personal lines accounts beginning on June 1. Personal lines accounts include multi-peril and dwelling/fire coverage of owner-occupied single-family homes, condo units, and mobile homes. It also includes wind-only hurricane coverage. Across the state, a projected 463,096 policyholders would save an average premium savings of $359 compared to 2025. The company projects that 228,961 personal lines policyholders in South Florida's tricounty region would see rates decreased by more than 11%."

"In Broward County, 68,662 policyholders would see rates fall by 12.6%, resulting in an average premium savings of $421. In Palm Beach County, 54,369 policyholders would see rates decreased by 11.7%, resulting in average savings of $423. In Miami-Dade County, 105,930 policyholders would see rates decline by 13%. They would save $433 on average. The company's Board of Governors attributed the rate decreases to continued success of reforms enacted in 2022 and 2023 and resulting efforts to transfer Citizens policies to private-market insurers."

Citizens Property Insurance Corp. recommended an average 2.6% statewide rate decrease for personal lines accounts effective June 1, 2026. The decreases reflect reforms enacted in 2022 and 2023 and ongoing transfers of policies to private insurers. The insurer's policy count fell sharply from about 1.4 million in September 2023 to 439,079 in November. A projected 463,096 policyholders statewide would save an average of $359 compared to 2025, while 228,961 tricounty South Florida policyholders would see rates fall by more than 11%. Broward, Palm Beach and Miami-Dade policyholders would see declines around 12.6%, 11.7% and 13% respectively. Several Central Florida counties would experience average increases, and the board's vote and Florida Office of Insurance Regulation approval are still required.

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