Florida Insurance Costs Drop 14.5% After Major Reforms, New Report Finds
Florida’s sweeping 2022 and 2023 legislative reforms are doing more than calming the state’s turbulent insurance market—they’re reshaping the economic landscape. According to a powerful new analysis from the Perryman Group, property‑casualty insurance costs in Florida are now 14.5% lower than they would have been without the reforms.
The update arrives after years of soaring premiums, insurer failures, and widespread concern that the state’s insurance market was reaching a breaking point. Now, the numbers reveal something Floridians haven’t seen in years: real relief.
Billions Flowing Back Into Florida’s Economy
The Perryman Group—a respected, non-partisan economic research firm—reports that the insurance cost reductions are responsible for generating more than $4.2 billion in economic activity statewide. Even more striking: over 29,000 new jobs have been created as a result.
“Florida’s tort reforms are achieving exactly what policymakers intended,” said Stef Zielezienski, executive vice president and chief legal officer for the American Property Casualty Insurance Association. According to APCIA, the reforms have eased excessive litigation pressures, encouraged insurers to re-enter the market, and slowed the once‑explosive rise of premiums for consumers and businesses alike.
Premiums Finally Cooling After Years of Increases
Fresh data from the Florida Office of Insurance Regulation adds even more support. Among the 16 largest property insurers in the state, average residential premiums rose less than 1% in 2025—an astonishing improvement compared to the back‑to‑back years of double‑digit increases.
Even better: ten of those carriers actually lowered their premiums last year, with reductions as significant as 11%. After a decade of turbulence, this marks a notable step toward true market stability.
Lower insurance costs affect far more than homeowners. They ripple outward—boosting commercial development, empowering small businesses, and strengthening long‑term economic health across Florida.
For professionals in industries like insurance, real estate, finance, and beyond, understanding these shifts is essential. Schools such as Cameron Academy play a pivotal role by helping Florida professionals stay educated, licensed, and prepared for rapid changes in the market.
As the Perryman analysis highlights, these benefits are expected to grow exponentially over time, supporting a stable legal environment and fueling sustainable statewide economic expansion.
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
A growing share of American homeowners now carry mortgage rates above 5%—a dramatic shift that’s reshaping refinancing, inventory, and buyer behavior nationwide. With more than 30% of borrowers locked into rates over 5% and 20% above 6%, the market is split between owners holding on to low pandemic‑era loans and new buyers taking on higher‑rate mortgages. Federal efforts to push rates down could unlock millions of refinancing opportunities, while buyers see only modest monthly savings. For real estate professionals, understanding these rate dynamics is crucial as they increasingly drive inventory levels, affordability, and market activity.
New Moody’s data shows commercial real estate deal volume slipped 20% in December, marking a second monthly decline. Yet the full year tells a different story: 2025 ended with a 17% gain, signaling a quiet but resilient recovery. The biggest surprise came from the office sector, which posted a 21% jump in activity as return‑to‑office trends and AI‑driven job growth boosted demand. Multifamily, retail, and alternative assets like data centers also saw strong momentum, giving real estate professionals a market full of fresh opportunities heading into 2026.
Florida drivers and industry professionals are heading into 2026 with good news: auto insurance rates are dropping across the state as the market shows strong signs of stabilization. USAA leads the latest wave with a 7% average rate decrease expected in May 2026, saving members more than $125 million annually. They join several major insurers — including State Farm, Progressive, AAA, Allstate, and Florida Farm Bureau — all approving significant reductions. Officials credit recent legislative reforms, especially tort reform, for the improved loss ratios and renewed insurer confidence. With both auto and home insurance markets strengthening, Florida’s real estate, mortgage, and insurance professionals can expect more consumer confidence, smoother transactions, and expanding career opportunities.
New data from Eye On Housing and the NAHB shows the U.S. remains short more than 1.2 million housing units, keeping pressure on both rents and home prices. Record‑low vacancy rates, slow single‑family construction, and restrictive zoning continue to fuel intense competition in 2024. Major metros like Chicago, New York, and Atlanta face some of the deepest deficits, and the true nationwide shortfall may be even higher when accounting for overcrowding and aging homes. For real estate professionals, the ongoing shortage means sustained demand, tighter inventory, and major opportunities for those who understand the evolving market.
Top real estate coach Jason Pantana says the divide between agents today isn’t about who has “tried” AI — it’s about who is immersed in it. In a new HousingWire interview, he explains why AI isn’t a gimmick but a full business system that amplifies output, improves authenticity, and reshapes how clients search for agents. From prompt mastery to AI‑driven visibility on Google, Pantana reveals how agents who commit even 15 minutes a day to learning AI are already outperforming those who hesitate.
Dallas–Fort Worth’s commercial real estate market closed 2025 with a split personality. Industrial dominated with massive new deliveries and soaring leasing demand, retail held steady with some of the market’s strongest fundamentals in years, and office continued to falter under remote‑work pressures. High vacancies, weak absorption, and rising demand for top‑tier space show the sector’s ongoing reset. Meanwhile, industrial and retail strength position the Metroplex for another powerhouse year heading into 2026.
