Average annual property insurance premiums in Florida surged to over $4,200 in 2022, three times the national average. For many homeowners these premiums are becoming unmanageable, forcing them to consider relocating.

The average cost of homeowners' insurance has surged to $1,900 a year nationwide, driven by climate risk, prompting insurers to reassess pricing models and leading to a 12 percent increase in premiums in 2022, with further rises anticipated.

Skyrocketing home insurance costs due to climate change pose challenges for homeowners, as premiums soar and coverage options dwindle, leaving many uncertain about protecting their homes in the face of future disasters.