evidence: Many insurers have stopped offering homeowners insurance in Florida because the state has faced many recent natural disasters, creating significant losses. Before choosing an insurer, assess its financial stability. You can look at a company’s AM Best rating to determine if it can afford to pay substantial claims. Chubb has the highest A.M. Best Rating on this list of A++, implying that it is more likely to have the funds to support its customers in a state like Florida where it is more costly to insure. [...] Homeowners in Florida face high insurance rates, claims-handling delays, constant changes in the market and a lack of competition. When looking for the right insurer, read customer reviews and only consider those with a high customer satisfaction rate. We surveyed 1,000 homeowners in March of 2024 to determine how satisfied customers were with each provider we have reviewed. We have compiled the satisfaction results for the 101 Florida respondents in the chart below: [...] According to data we from Quadrant Information Services, Florida home insurance rates have grown 36% since last year and are currently 24% higher than the national average. Based on a news report by WFSU Public Media, the state’s insurance costs have increased by 57% since 2015. This increase is primarily because of a high number of litigation issues and natural disasters.