Florida Homeowners Insurance Market Update 2026

See what's changing in Florida's homeowners insurance market in 2026 and what Palm Beach County homeowners should do right now to stay covered and save money.

TL;DR:** Florida's homeowners insurance market is showing early signs of stability in 2026, with a handful of new carriers entering the state and reform legislation from 2022 and 2023 starting to filter through to consumers. Premiums are not dropping dramatically yet, especially in coastal Palm Beach County, but there are real steps you can take right now to make sure you're not overpaying or underinsured. What Happened For most of the last five years, the Florida homeowners insurance story was one of exits, insolvencies, and sticker shock. More than a dozen insurers left the state or went insolvent between 2019 and 2023, leaving hundreds of thousands of homeowners scrambling. Reinsurance costs, assignment-of-benefits abuse, and a surge of litigation-driven claims all contributed to that chaos. Then came the reform bills. The Florida Legislature passed significant changes to property insurance law in 2022 and again in 2023. The reforms eliminated one-way attorney fees in insurance litigation and tightened assignment-of-benefits rules. These were the two biggest litigation cost drivers that had been bleeding carriers dry. The effects take time to work through the system, but heading into 2026, there are measurable signs of movement. Several smaller and mid-size carriers have filed to write new business in Florida. Citizens Property Insurance, the state-backed insurer of last resort, has been actively pursuing its "depopulation" program, pushing policies out to private carriers. That program picked up momentum in 2024 and 2025, meaning some former Citizens policyholders are now with private companies, sometimes without realizing it. Reinsurance markets, which ultimately set the floor for what Florida carriers can charge, showed modest improvement in the mid-2025 renewal…