After years of crisis, Florida's home insurance market is recovering. New carriers are entering, the state's last-resort insurer is shrinking, and some rates are actually falling.
Recent approved rate changes — Florida is easing.
Florida's market is reopening after 2023 tort reform. This slice highlights new entrants, the shrinking last-resort insurer, and 2026 rate direction. IMPORTANT: several new carriers are young and thinly capitalized — always check a carrier's financial-strength rating (e.g. Demotech) and confirm coverage directly before switching. Compiled from FLOIR approvals, Citizens filings, and reported news; each row is source-linked.
| Insurer | New policies? | Recent rate action | Notes |
|---|---|---|---|
| Slide Insurance | Accepting new New entrant (major) |
— | One of the largest post-reform entrants, actively taking on Florida homeowners policies including via Citizens depopulation. ↗ |
| Wingsail Insurance | Accepting new New (2026) |
— | Owned by Spinnaker Insurance; authorized in Feb 2026 to write homeowners multiperil policies in Florida. ↗ |
| Frontline (reciprocal exchange) | Accepting new New (2026) |
— | Frontline's new reciprocal exchange received its certificate of authority in April 2026, targeting new homeowners business from mid-June 2026. ↗ |
| Builder Reciprocal Insurance Exchange | Accepting new New entrant |
— | Managed by Texas-based Millennial Specialty Insurance; approved to offer Florida homeowners coverage. ↗ |
| State Farm Florida | Accepting new Established — cutting rates |
Filed ~7-10% decrease (2026) | Among established carriers (with USAA, Allstate, GEICO, Progressive) that filed rate DECREASES of 7-10% for 2026 — the opposite of the same company's posture in California. ↗ |
| Progressive | Accepting new Established — cutting rates |
Filed ~7-10% decrease (2026) | One of the major carriers filing Florida rate decreases for 2026 as reinsurance costs soften and litigation drops. ↗ |
| Citizens Property Insurance | Accepting new Last resort (shrinking) |
-8.7% avg (spring 2026) | State-backed last-resort insurer, now shrinking by design as private carriers take policies back. Cutting rates for the first time in years. Still available if you can't find private coverage. ↗ |
As of July 6, 2026, carriers still accepting new Florida homeowners policies include Slide Insurance, Wingsail Insurance, Frontline (reciprocal exchange), Builder Reciprocal Insurance Exchange, State Farm Florida, Progressive, Citizens Property Insurance. Availability depends on your address and property risk — always confirm directly with the insurer.
For many homeowners, yes. After 2023 tort reform, Florida's last-resort insurer Citizens filed an average rate cut of about 8.7% for 2026, several private carriers filed 7-10% decreases, and 20+ new carriers have entered the market — though savings mainly apply to homes with newer roofs and clean claims histories.
Every figure links to its original source: state insurance-department releases, last-resort-insurer statistics, regulator approvals, company announcements, and reported news. We only use publicly available records.
This is an early version covering major carriers. We're expanding coverage and adding rate-filing detail. Spot something out of date? Tell us and we'll fix it fast.