State Farm Florida – Leaving the State After 47% Rate Increase Rejected
After being turned down by the State of Florida for an average increase in Florida home insurance rates of 47%, State Farm Florida has decided that it will abandon the Florida home insurance market.
This is not good news as State Farm Florida covers over 700,000 homes accross the State.
And there is a great deal of concern that when private Florida home insurance companies are unable to absorb these policies, that they will end up being dumped in Citizens Property Insurance.
If you are concerned about losing your Florida home insurance with State Farm Florida, visit the Florida home insurance buyers guide located at:
The buyers guide helps you find, screen, and contact Florida home insurance companies still writing new business in your county. The guide tells you exactly who is still writing private Florida homeowners insurance in your county, what type of homes these companies are covering, and information on how to contact them. Best of all, this service assigns a buyers guide rating to each Florida home insurance company so you end up with a clear picure of which company is a better buy for your money.
If you’ve received a Florida home insurance cancellation notice from State Farm Florida, Allstate Insurance Florida, or Nationwide Insurance Company of Florida, check out the Florida home insurance buyers guide. You’ll end up with the most Florida home insurance quotes and save thousands.