The Florida Office of Insurance Regulation (OIR) has established the 2022 personal property and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens).

OIR held a virtual public rate hearing to received public comment on the filings on March 31, 2022.  At the hearing, Citizens provided testimony in support of its rate recommendations and received comments from members of the public on the effects of the rate filings. Public comments were accepted for consideration on rate filings until April 14, 2022.

Following a review of the complete record, OIR established rates for Citizens’ Coastal Account (CA), Commercial Lines Account (CLA), and Personal Lines Account (PLA). The effective date for new and renewal rates is September 1, 2022. The Orders are available here.

Rate increases for Monroe County

The chart below provides the rate increases for Monroe County (these are wind only percentages). These percentages are increases off the base rates. The actual increase will be higher with fees and surcharges.

Thank you to all of the members of FIRM who submitted comments asking for no increase for Monroe County–over 150 of you submitted comments. The public comments from Monroe County were specifically mentioned in the official orders from Commissioner Altmaier.

FIRM is already preparing for the 2023 Legislative Session.  FIRM’s legislative goals are to return the 10% rate cap to Monroe County–including second homes that are used for long-term rentals for locals and to increase the replacement value cost for Monroe County.

Policy Type% Increase
Homeowners9.9%
Tenants10.8%
Mobile Home Owners10.7%
Condo Unit Owners10.7%
Dwelling Policy10.4%
Condominium Associations10.0%
Commercial (other than condo associations)11.0%

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