The median Florida homeowner paid $1,096 for flood insurance on a policy taken out in 2026. Three years earlier the same figure was $798. That is a rise of roughly 37% in three years, and it is the single most important fact about flood insurance pricing in this state right now.
Most published cost figures still sit near $700 to $900. That range was accurate for 2023 and has not been updated since.
What Florida homeowners paid, by year
| Policy year | Median annual cost | Policies |
|---|---|---|
| 2023 | $798 | 889,882 |
| 2024 | $906 | 924,200 |
| 2025 | $988 | 911,203 |
| 2026 (partial year) | $1,096 | 369,961 |
2026 covers policies effective to date and is not a complete year. FEMA OpenFEMA, NFIP policy transactions.
Official source figures, as of 14 August 2026. Calculated from National Flood Insurance Program policy records published by FEMA. These are premiums other policyholders paid, not a quote or an offer of coverage.
Why the increase is so steady
Risk Rating 2.0 set a full-risk price for every property and then capped how fast anyone could be moved to it. The statutory cap is 18% a year for most policyholders.
The result is an increase that feels small on any single renewal and compounds sharply across several. A household moving up at the cap pays roughly 64% more after three renewals.
Where you sit matters more than the state average
A statewide median hides an enormous spread. Zone VE households pay a median of $2,226, while Zone X households pay $792. Start with your flood zone rather than the state figure.