Florida Property Insurance Costs Rising Fast

Premiums for home and flood insurance in Florida have been rising faster than in any other state.
Home insurance costs in Florida ↑ 57% since 2015, nearly triple the national avg of 21%.
Factors contributing to the rising insurance costs:

Climate change
Inflation
↑ interest rates
Construction of expensive homes in vulnerable areas
↑ new residents
Recent hurricanes in Florida have caused significant damage and strained the insurance market.