04/05/2021
FEMA’s expected changes in Florida flood insurance costs per year
19.8%: Lower flood insurance costs
68.1%: Either no change or a yearly increase less than $120
7.8%: A premium increase between $120 and $240 per year
4.2%: A premium increase greater than $240 per year
FEMA did not release a tool to answer the question on most Fla. homeowners' minds: “Will my flood insurance rate go up or down?” But overall, it says 1 out of 5 residents (19.8%) will see a reduction, and 3 out of 4 (76%) won’t see a change higher than $120 more per year.