Florida Approved Rate Cuts for Four Home Insurers Covering About 62,700 Policies. The Largest Were 10.4%.

Florida's Office of Insurance Regulation said on September 22, 2026 that it had approved homeowners insurance rate decreases for four carriers, affecting 62,666 policies between them. Two of the four were cut by 10.4%. The decreases take effect as policies renew.

The four filings

• One Alliance North America Insurance Company: -10.4%, 17,148 policies.
• Vyrd Insurance Company: -10.4%, 26,751 policies.
• Safe Harbor Insurance Company: -4.1%, 10,501 policies.
• Unique Insurance Company: -3.2%, 8,266 policies.

The regulator also noted that Kin Insurance had announced average decreases exceeding 20% for new and existing policyholders in Broward, Miami-Dade and Palm Beach counties. That is a company announcement rather than a figure in the approved filings above.

What an approved rate decrease does and does not mean

An approved rate change is an average across a carrier's book of business, not a promise to any one policyholder. The same renewal can carry a lower rate and a higher premium, because premium is rate multiplied by exposure. If the insured value of a home has been increased by an inflation-guard provision, if the deductible or credits have changed, or if the property sits in a part of the rating territory that moves differently from the state average, the bill can rise while the filed rate falls. The figures above describe what the regulator approved; they do not describe what any individual will pay.

The direction of the market

The regulator reported its rolling 30-day average homeowners rate request at -4.8%. The comparable figures were -1.1% a year earlier, +5.2% five years ago and +15.33% in July 2022. Reinsurance News, reporting the announcement, said 48 companies have filed for rate decreases since January 2024 and 53 have filed for either a zero increase or a 0% change. It also cited S&P Global data showing Florida with the lowest rate change in the country in 2025, at -0.92%, against a national weighted average increase of 5.5%.

This is the latest wave of significant rate decreases for Floridians. I expect to see more aggressive rate cuts in the near future.

This article reports a state regulator's published announcement and is for informational purposes only. It is not insurance, legal or financial advice, and it is not a recommendation about any insurer or policy. Readers should consult the Office of Insurance Regulation's filings and their own agent or carrier about their coverage.