Rising homeowners insurance costs are forcing some Florida residents to make difficult financial decisions, including going without coverage altogether.
One Tampa homeowner says his annual premium jumped so high that he is now considering selling his property and leaving the state entirely.
Quick Guide
- Location: Tampa, Florida
- Topic: Rising homeowners insurance costs
- Average Florida Premium: $5,828 per year
- National Average: $2,424 per year
- Main Concern: More homeowners are dropping coverage due to affordability
Florida Homeowners Feeling the Pressure
Tampa resident Slake Counts recently revealed that his homeowners insurance renewal climbed to an eye-opening $14,533 for 2026. The increase pushed him to reconsider whether staying in Florida still makes financial sense.
“There may be other options for me at this time in my life that don’t necessitate me continuing to live in Florida or Tampa,” Counts told local broadcaster Tampa Bay 28. “I’m not the only one in this boat.”…