Why Florida Insurance Costs Are So High

Florida consistently ranks among the most expensive states for home and auto insurance.

According to Jordan, homeowners across the Space Coast are feeling pressure from:

• Increased storm activity
• Higher rebuilding costs
• Carrier risk exposure
• Reinsurance expenses

While Florida is not always the most expensive state, premiums remain among the highest in the country.

For homeowners in Melbourne, Palm Bay, Viera, and surrounding areas, insurance is now a major factor in overall affordability.

Why First-Time Buyers Should Talk to an Agent Early

One of the biggest mistakes first-time buyers make is waiting too long to shop for insurance.

Jordan recommends speaking with a local agent before making an offer to understand:

• Cost differences between new and older homes
• Masonry versus frame construction
• Neighborhood risk factors
• Expected premium ranges

Newer homes and masonry construction often qualify for better rates, while older properties may cost more to insure. Getting estimates early helps buyers avoid surprises during the loan process.

How Credit and Claims Impact Insurance Premiums

Many homeowners are unaware that insurance companies now use insurance scores.

These scores may consider:

• Credit history
• Payment patterns
• Debt levels
• Past claims

While this does not involve a hard credit inquiry, it can affect premiums.

Even homeowners with strong credit and no recent claims may see rate increases based on carrier algorithms.

Claims history is also reviewed for up to five years, making each claim decision important.

Flood Insurance Matters Even Outside Flood Zones

Flood insurance is often overlooked, especially by homeowners who are not located in designated flood zones.

Jordan recommends flood coverage for many Brevard County homeowners because flooding can result from drainage issues, heavy rainfall, and nearby development.

Even areas far from the river or ocean may experience water intrusion during major storms. Carrying flood insurance for at least the first few years can provide valuable protection while homeowners learn how water flows in their neighborhood.

Wind Mitigation Reports Can Save Thousands

Wind mitigation reports are one of the most powerful tools for lowering insurance premiums in Florida.

These reports document:

• Roof attachments
• Window protection
• Impact doors
• Structural features

For condo owners, wind mitigation reports are often already available through the HOA.

Strong wind mitigation credits can reduce premiums dramatically.

Top Ways to Save on Home Insurance

Jordan shared several proven ways homeowners can reduce insurance costs over time.

Some of the most effective savings strategies include:

• Qualifying for shutter and opening protection credits
• Improving roof attachments
• Bundling auto and home insurance
• Installing monitored security systems
• Asking about military and first responder discounts

Even small improvements, such as adding an extra roof nail, can result in meaningful long-term savings.

What to Do If Insurance Becomes Unaffordable

When premiums rise unexpectedly, homeowners may feel trapped.

In temporary financial situations, Jordan suggests discussing short-term adjustments with an agent. These should only be used as temporary solutions and reviewed annually.

Possible short-term adjustments include:

• Increasing deductibles
• Reducing optional coverages
• Adjusting contents coverage

These strategies can provide short-term relief but should be reversed when finances improve.

Avoid Using Insurance Like a Warranty

One of the most common regrets Jordan sees is filing small claims.

Claims that do not exceed deductibles still appear on insurance records and may affect rates for years.

Before filing a claim, homeowners should consider:

• The deductible amount
• The true repair cost
• The long-term premium impact

In many cases, paying out of pocket may be the better financial decision.

Why Roof Age Matters More Than You Think

Roof condition is one of the biggest factors in Florida insurance pricing.

Homes with older roofs may face limited carrier options, reduced coverage, or higher premiums. Buyers purchasing homes with aging roofs should plan ahead.

Homeowners should be prepared for:

• Possible actual cash value coverage
• Higher deductibles
• Limited carrier availability
• Future replacement costs

Maintaining an emergency fund is especially important for homes with older roofing systems.

Insurance for Short-Term Rentals Is More Expensive

Short-term rentals and vacation properties carry higher insurance costs than primary residences.

Carriers view these properties as higher risk because of increased liability and frequent occupant turnover. Owners should carefully review coverage and pricing before purchasing investment properties.

The Two Biggest Insurance Mistakes

Jordan identifies two major mistakes homeowners make.

First, many people rely on advice from friends or family instead of speaking directly with an insurance professional.

Second, some homeowners choose high hurricane deductibles without reassessing them annually.

These two issues can lead to financial stress after major storms or unexpected claims.

Final Thoughts

Florida home insurance in 2026 requires more attention than ever.

Rising costs, carrier requirements, and regional risks mean homeowners must stay informed and proactive. Working with trusted local professionals and reviewing coverage regularly can help protect both your home and your long-term financial stability.

Understanding how your policy works today can prevent costly surprises tomorrow.

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