Citizens Insurance Recommending Rate Cuts for Many Policyholders in 2026
Citizens recommends a 2.6% statewide average rate cut for 2026, with 463,096 policyholders saving $359 on average amid regulatory and market reforms.
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Citizens Insurance recommending rate cuts for many policyholders in 2026
Citizens Property Insurance Corp., which provides property insurance for Floridians who can’t get coverage elsewhere, is recommending lower rates for policyholders next year. The Citizens Board of Governors approved the recommended rate reductions Wednesday. If the reductions get final approval by state regulators, it will be the first time since 2015 Citizens policyholders would see a decrease in policy payments. The recommendation suggested st…
Citizens Insurance rates in Central Florida could climb in 2026 despite statewide declines
The company recommended rate decreases of 11.5% for more than half of its policyholders. But most of those in Orange, Osceola, Lake and Seminole will miss out on the savings.
Citizens proposes rate reductions for many policyholders
Citizens Property Insurance Corporation, Florida’s state-backed insurer created to provide coverage when private options are unavailable, announced Wednesday that its Board of Governors has approved proposed 2026 rates that would lower average premiums for personal lines customers for the first time since 2015, reflecting how recent legislative changes have strengthened the state’s property insurance landscape. The proposal recommends an average…
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