Citizens Wants Average 7.2% Rate Hike – Up from Earlier 3.7%

Brooksville residents could soon see a steeper increase in their property insurance premiums, as Citizens Property Insurance Corporation is now seeking an average rate hike of 7.2% for 2025. This new request marks a significant jump from the 3.7% average increase the state-backed insurer had initially proposed.

The revised proposal, which will affect many homeowners across Brooksville and the wider region, comes as Citizens continues to grapple with rising costs and claims. While the statewide average is 7.2%, individual policyholders in Brooksville could experience different percentage increases depending on their specific property and coverage details. This potential hike is sure to be a topic of discussion at local coffee shops in historic downtown Brooksville and community gatherings, as residents consider the impact on their household budgets.

Citizens Property Insurance Corporation serves as the insurer of last resort for many Floridians who cannot find coverage in the private market. The company's rates are subject to approval by the state's Office of Insurance Regulation. The process typically involves public hearings, where policyholders and other stakeholders can voice their concerns and opinions on the proposed changes.

Local officials and community leaders in Hernando County are likely to monitor the situation closely, understanding the financial pressures that increased insurance costs place on families and businesses in Brooksville. Further details regarding the specific impact on Brooksville policyholders and opportunities for public input are expected to be released as the regulatory review process continues.