Florida Home Insurance Costs Up 18%: One Man's Story

A Florida man paid off his home two months before Hurricane Milton caused severe roof damage, leaving him without insurance costs to cover repairs. Florida's home insurance rates increased by 18% in 2025 compared to 2024, with an average cost of $8,292, the highest in the U.S. Nationally, the 2025 average is $2,948. About one in five homes in Florida are uninsured, despite a high risk of climate-related disasters, marking a significant financial risk for homeowners. This highlights the importance for investors in real estate to consider the increasing cost of home insurance.