evidence: Florida ranks among the most expensive – if not the costliest – states for home and car insurance. Still, rate increases there are not showing signs of letting up. What’s causing the upsurge? Insurance Business sheds light on this matter by digging deeper into the reasons why Florida insurance rates are going up. Read on and find out what makes the state’s insurance situation unique in this article. [...] Homeowners in Florida are paying annual premiums that are about four times higher than the national average, according to the latest figures. This is due to a combination of geographical, legislative, and economic factors. According to data gathered by this report, home insurance is costing Florida homeowners an estimated $6,000 per year compared to the national average of $1,700, in what the Insurance Information Institute (Triple-I) described to be a "man-made crisis."