Florida approved homeowners insurance rate cuts of 3.2% to 10.4% for over 62,000 policies from four companies. Since January 2024, many insurers filed for rate decreases or no changes. The average premium in the admitted market is $3,736. The state-run insurer's policies dropped from 1.4 million to about 255,000 due to shifts to private insurers. Lawsuit reductions helped lower rates. Florida saw a 0.92% rate decrease in 2025, unlike the national average increase.