Florida Homeowners Insurance Rate Cuts This Fall: Who's Lowering Rates

For a few years, Florida homeowners mostly heard one thing about insurance: it's going up. This fall the headlines look different. The Florida Office of Insurance Regulation (OIR) has approved a new batch of homeowners rate decreases, says more requests are in the pipeline, and at least one large Tampa Bay insurer says it has filed for another cut. Here's what has actually been approved, what's still pending, and how to read your own renewal.

The four approvals announced September 22

In a September 22, 2026 release, OIR said Commissioner Mike Yaworsky approved four companies to decrease homeowners rates, effective at renewals, affecting more than 62,000 policies in total. The release lists the requested averages:

• One Alliance North America Insurance Company: -10.4%, about 17,148 policies
• Vyrd Insurance Company: -10.4%, about 26,751 policies
• Safe Harbor Insurance Company: -4.1%, about 10,501 policies
• Unique Insurance Company: -3.2%, about 8,266 policies

Insurance Journal notes that One Alliance North America was formerly known as Universal North America Insurance. You can see each of these on our rate changes page, and look up how many policies a company reports to OIR on its insurer page, such as Vyrd, One Alliance North America or Safe Harbor.

Keep in mind these are averages. A statewide average decrease doesn't mean every policy drops by that amount. Your own renewal depends on your location, your home, your coverage and any changes in your home's insured value.

What else is in the pipeline

The same OIR release says the office is reviewing "multiple pending requests for rate decreases," with requested cuts ranging from -0.3% to -19.7%. OIR also reported that the 30-day average homeowners rate request was -4.8%, compared with -1.1% a year earlier and +5.2% five years ago, and that since January 2024, 48 companies have filed for a rate decrease and 53 have requested no change.

Two other insurers have talked publicly about lower rates:

• Kin Insurance. OIR's release says Kin announced homeowners rate decreases averaging more than 20% for policyholders in Broward, Miami-Dade and Palm Beach counties.
• Heritage Insurance. In an October 17 interview with Tampa Bay 28, CEO Ernie Garateix said Heritage filed a second rate reduction with OIR, averaging 3% to 5% statewide, with larger cuts he described for Hillsborough County and the tri-county South Florida area. As of that report, the filing was still waiting on approval, so treat those figures as the company's description of a pending request, not an approved rate.

Earlier 2026 rate moves

This fall's approvals follow earlier decreases we track. In January, a state release cited reductions of 8.2% for Florida Peninsula customers, 8% for Security First and 5.1% for Universal Property & Casualty. Citizens' April 30 notice lists 2026 average changes of -8.8% for homeowners multiperil policies and -5.1% for wind-only. And for renters, OIR approved an average -12.8% decrease for American Modern Home's HO-4 policies starting October 11.

Why your premium might still go up

A lower rate isn't the same as a lower bill. In the same Tampa Bay 28 story, Heritage's CEO pointed to rising home values and replacement costs: if your dwelling coverage goes up to keep pace with what it would cost to rebuild, your premium can rise even when the company's rates go down. Discounts, deductibles and coverage changes can move the number too.

What to check on your renewal

1. Compare line by line. Look at last year's and this year's declarations page side by side: premium, dwelling limit (Coverage A), hurricane deductible and endorsements.
2. Ask whether a rate change applied. If your insurer is on the list above, ask your agent whether the approved decrease is reflected in your renewal and when it takes effect.
3. Ask about the dwelling limit. If it went up, ask why and how it was calculated. Don't lower it just to save money without understanding what that means if you have to rebuild.
4. Check mitigation credits. A current wind mitigation inspection may affect your premium. Ask your agent what credits your policy has on file.
5. Shop if it makes sense. Our who's writing page shows which companies reported writing new policies in OIR's latest monthly data, and the new insurers page lists companies recently admitted to Florida.

None of this is insurance or financial advice. Rates and eligibility depend on your policy, so confirm details with your agent, your insurer or OIR.

We update the rate changes tracker as OIR announces new approvals. If you'd like a short weekly email when new rate cuts or Citizens takeouts land, sign up for alerts.

Not insurance, legal or financial advice. Confirm details with your insurer, a licensed agent or the Florida Office of Insurance Regulation.