These must-have Insider Deal household items are at unbeatable prices!If you live in Duval County, that means you could be paying $4,082 instead of $3,581 for your premium.And, in Clay County, the average premium would increase from $3,264 to $3,720.The news comes as industry experts have been reporting that Florida’s property insurance market is starting to stabilize -- pointing to eight new insurance companies entering the market this year in Florida.
“One important point to keep in mind is Citizens’ customers typically pay much less than a private market customer. In fact, the gap is about 30% to 40%. So even if the 14% rate increase is implemented, Citizens’ customers most likely will be paying quite a bit less than private market insurance,” he said.
But at the same time, 200,000 new customers have been added to Citizens, which is still growing at about 5,000 new policies a week.
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