Citizens Property Insurance approves average 14% rate hike for South Florida homeowners
The increase takes effect February 1 and affects more than 480,000 policies.
By Rachel Okafor·Published June 15, 2026 at 6:47 PM·16 hr ago
Citizens Property Insurance Corp. approved an average 14% rate hike Tuesday that will take effect February 1 for more than 480,000 South Florida policyholders.
Consumer advocates say the increase will push annual premiums above $7,000 for many coastal homeowners.
