Data
Florida Condo Insurance Statistics (2026)
Sourced figures on Florida condominium insurance — premiums by county, the national comparison, Citizens Property Insurance's contraction, and market size. Every number below carries its source and its as-of date, and figures we calculated rather than found published are labeled derived.
Premiums by county
The best current regulatory data is the Florida Office of Insurance Regulation's Property Insurance Stability Report of July 1, 2026, reflecting policies in force as of March 31, 2026. It reports condominium unit-owner premiums split by whether wind is included — a distinction that matters enormously in coastal Florida.[1]
| County | Condo, incl. wind | Condo, excl. wind | Single-family HO |
|---|---|---|---|
| Broward | $1,816 | $1,317 | $6,136 |
| Palm Beach | $2,311 | $1,703 | $6,323 |
| Miami-Dade | $2,801 | $1,764 | $5,975 |
| Monroe (highest) | $3,474 | $1,323 | $7,863 |
Trend for the same counties, premiums including wind:[1]
| County | Q1 2022 | 2023 | 2026 (Q1) |
|---|---|---|---|
| Broward | $1,472 | $1,847 | $1,816 |
| Palm Beach | $1,824 | $2,269 | $2,311 |
| Miami-Dade | $2,296 | $2,870 | $2,801 |
The big three counties peaked around 2023–24 and have since flattened or edged down, while the statewide average kept climbing. That is a mix effect across the rest of the state, not a contradiction. Do not infer county-level increases from the statewide trend. The reporting basis also changed: the 2022 and 2024 editions print a single condo column, while the 2026 edition splits including/excluding wind.
Florida vs. the national average
$1,084 in Florida against $572 countrywide — Florida at roughly 1.90× the national average. This is NAIC data, the only true apples-to-apples state comparison available, but it reflects 2022 and was published in May 2025.[2]
The roughly three-and-a-half-year lag is unavoidable — NAIC is the only body publishing comparable HO-6 averages across all states, and the Insurance Information Institute does not break out condo policies by state at all. State the vintage whenever you cite it.
Several aggregators cite NAIC, match Florida exactly at $1,084, but report the national average as $499 rather than NAIC's own $572 — apparently an unweighted mean of state averages instead of a policy-weighted one. Cite $572, from the NAIC report itself.
Statewide premium trend
FLOIR's QUASR data, republished in Citizens' quarterly market share report, publishes policies in force and total premium written for condominium unit-owner policies. The per-policy averages below are derived — arithmetic on the two published columns, not printed in the source.[5]
| Year | Policies in force | Premium written ($000) | Avg. per policy (derived) |
|---|---|---|---|
| 2019 | 885,477 | $918,143 | $1,037 |
| 2020 | 920,863 | $1,017,245 | $1,105 |
| 2022 | 932,156 | $1,323,077 | $1,419 |
| 2023 | 934,106 | $1,541,271 | $1,650 |
| 2025 | 927,512 | $1,645,567 | $1,774 |
That is +60.6% from 2020 to 2025 (derived), sharpest in 2022 and 2023 and slowing to under 4% per year in 2024–25. An independent analysis of the same FLOIR data by the South Florida Sun-Sentinel put the condo unit-owner average at $1,714 in Q4 2024 and $1,729 in Q1 2025, +28.8% since the 2022 tort reforms.[6]
Florida International University's Metropolitan Center has been reported as finding roughly $1,100 in 2020 rising to "almost $2,000" by the end of 2024. The 2020 starting point matches the FLOIR-derived figure exactly, but the 2024 endpoint materially exceeds what FLOIR's published totals yield, and the methodology is not stated. Treat the two as separate series; do not merge them or average them.
The association side: master policies
Over the same window, the average Florida commercial condominium association policy rose from $72,570 (June 2022) to $147,381 (Q2 2024) — +103% in two years, across 13,841 associations. Unit-owner policies in the same dataset rose 27.7%.[3]
The roughly fourfold gap between association and unit-owner increases is the single most underappreciated statistic in Florida condo insurance. It is what drives the special assessments that unit-owner loss assessment coverage exists to absorb — and it is why the statutory $2,000 minimum loss assessment limit is so far below what is actually at stake. See Florida condo insurance requirements.
Citizens Property Insurance
Citizens is Florida's insurer of last resort, and its size is a rough proxy for how much risk the private market refuses. It has contracted sharply.
Citizens' press materials refer to "1.42 million policies in October 2023," but Citizens' own month-end reports show 1,407,805 at September 30, 2023 and 1,334,620 at October 31, 2023. The 1.42M appears to be an intra-month peak. Cite the month-end figure, and never write "1.42 million as of October 31, 2023" — that is contradicted by Citizens' own reporting.
Condo unit-owner policies at Citizens
| Year | HO-6 policies | Approx. market share |
|---|---|---|
| 2021 | 51,304 | ~8% |
| 2022 (peak) | 76,755 | — |
| 2023 | 70,054 | — |
| 2024 | 62,054 | — |
| 2025 | 20,306 | — |
| Q1 2026 | 15,413 | ~2% |
Citizens separately reported 14,340 HW-6 wind-only condominium unit-owner policies as of March 31, 2026, representing roughly a 75% share of that market — a reminder that in coastal Florida the wind policy is often the one that is hard to place privately.[8]
Citizens' HO-6 count fell by roughly 80% from its 2022 peak, but the total Florida condo unit-owner market held essentially flat at 920,000–930,000 policies across the same six years. Citizens shrank; the condo market did not. Those policies moved to private carriers through depopulation — a very different story from owners dropping coverage, and the two are frequently conflated.
Depopulation
| Year | Policies assumed |
|---|---|
| 2023 | 275,324 |
| 2024 | 477,821 |
| 2025 | 585,432 |
| 2026 (through July 21) | 109,171 |
| Total 2014–2026 | 2,313,838 ($832B exposure) |
Market size — and a correction worth knowing
Florida DBPR publishes public-records extracts of registered condominium projects and units. As of the July 25, 2026 extract:[4]
| Measure | Count |
|---|---|
| Registered condominium units | 1,366,820 |
| Condominium projects | 23,515 |
| Managing entities | 19,995 |
| Miami-Dade units | 272,350 |
| Broward units | 214,992 |
| Palm Beach units | 165,035 |
| Tri-county share of state (derived) | 47.7% |
The widely quoted figure of 27,537 Florida condominium associations is, on inspection, a project count rather than an association count — it aligns almost exactly with DBPR's all-status project extract, and its county-level breakdown matches DBPR project counts closely. A single association frequently administers multiple registered projects.
The best available operating-association figure comes from DBPR's own HB 913 compliance reporting of November 30, 2025: 16,104 associations with division online accounts.[9] A realistic range is 16,000–20,000, not 27,537.
DBPR's own extracts also disagree with each other depending on scope — 1,366,820 versus 1,392,207 for comparable scope, and 1,555,542 including delinquent registrations. Citing "approximately 1.37 million" with a note on the range is the defensible framing.
How many Florida condo owners are uninsured?
Nobody knows, and we are not going to invent a number. No credible Florida-specific measurement of uninsured or underinsured condominium owners exists in the public record.
The frequently repeated statistic that "65% of condo owners are underinsured" circulates widely across industry and agency websites attributed only to "industry data." We could not locate any published study, survey or dataset behind it. We do not use it, and we would encourage others not to either.
What can be said responsibly:
- 927,512 condominium unit-owner policies were in force statewide as of December 31, 2025 (FLOIR QUASR, admitted insurers only — surplus lines excluded), against 1,366,820 registered units.[5][4] We deliberately do not publish a percentage derived from these two numbers. Registered "units" include commercial, parking and storage units; rented units carry landlord forms rather than HO-6; and surplus-lines policies are missing from the count. The ratio is not an uninsured rate.
- The nearest rigorous analogue is UC Berkeley's Terner Center, which found that 31% of California condo owners without a mortgage are uninsured, using ACS PUMS data for 2019–2023.[10] Different state, different population — useful as a reference point, not a Florida statistic.
- LendingTree puts Florida's all-homeowner uninsured rate at 19.4% using 2024 ACS data, though it defines uninsured as insurance cost under $100/year and does not break out condominiums.[11]
Why published "average premium" figures vary so much
Estimates of the average Florida condo insurance premium span roughly $1,084 to $7,074 depending on the source. That range is not evidence that someone is wrong — it reflects genuinely different things being measured:
- Vintage. NAIC's $1,084 is 2022 data; FLOIR's county figures are Q1 2026.
- Wind in or out. In Broward the same policy averages $1,816 with wind and $1,317 without — a 38% difference from one methodology choice.
- Assumed coverage. Quote-based aggregators price a hypothetical policy at an assumed dwelling limit; regulatory data reports what people actually bought.
- Admitted vs. surplus lines. FLOIR's QUASR data covers admitted insurers; surplus-lines policies, which skew higher-risk and higher-premium, are excluded.
- Weighting. A policy-weighted national average and an unweighted mean of state averages give materially different answers.
Every figure above links to its primary source — please cite the underlying source rather than this page where you can. If you cite this compilation: condo.insure, "Florida Condo Insurance Statistics (2026)," updated 2026-08-01, https://www.condo.insure/guides/florida-condo-insurance-statistics.html
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- Florida Office of Insurance Regulation, Property Insurance Stability Report, July 1, 2026 (pp. 18–20; data as of 2026-03-31). floir.gov — July 2026 stability report (PDF)
- NAIC, Homeowners Insurance Report (published May 2025; 2022 data). Florida HO-6 average p. 146; countrywide p. 136. content.naic.org — Homeowners Report (PDF)
- South Florida Sun-Sentinel analysis of FLOIR data, September 14, 2024 — association master policy averages, June 2022 to Q2 2024. Article text (PDF)
- Florida DBPR, Division of Condominiums, Timeshares and Mobile Homes — public records extracts (Last-Modified 2026-07-25). myfloridalicense.com — public records
- Citizens Property Insurance, Market Share Report, 12/31/2025 (p. 11), republishing FLOIR QUASR data for condominium unit-owner policies. citizensfla.com — Market Share Report (PDF)
- Sun-Sentinel analysis via InsuranceNewsNet — Florida homeowner and condo owner premium movement, Q4 2024 to Q1 2025. insurancenewsnet.com
- Citizens Property Insurance — Policies in Force, and 2014–2026 Exposure Removed summary (data as of 2026-07-21). citizensfla.com — policies in force · Exposure summary (PDF)
- Citizens Property Insurance, Market Share Report, Q1 2026 (pp. 9, 15; as of 2026-03-31) — HO-6 and HW-6 condominium unit-owner counts. citizensfla.com — Q1 2026 Market Share Report (PDF)
- Florida DBPR, Division of Condominiums, Timeshares and Mobile Homes — annual report / HB 913 compliance reporting, November 30, 2025. myfloridalicense.com — CTMH Annual Report 2024-25 (PDF)
- Terner Center for Housing Innovation, UC Berkeley — "The California Home Insurance Challenge in Eight Charts" (ACS PUMS 2019–2023). ternercenter.berkeley.edu
- LendingTree — uninsured homeowner analysis using 2024 American Community Survey data. lendingtree.com