State Farm Florida Rate Increase And Non-renewal Of Homeowners Insurance In 2010

State Farm Florida will be sending out the first non-renewal (cancelation) notices in February 2010. Those policies will non-renew starting in August 2010, six months later. There will be a State Farm Florida rate increase for those who aren't being canceled. Between the 2 rate increases, 28% in November 2009 due to the elimination of discounts and 14.8% in April 2010, those keeping their insurance with State Farm Florida will see a rate increase on average of 43%.

Be aware that the average cost of homeowners in Florida is increasing every year, as we can see from the State Farm Florida rate increase. The price you paid last year does not guarantee it will remain the same this year. Not only are accidents still occurring, dogs still biting, and water-heaters still flooding, but the cost of re-insurance globally has increased. We have included a comprehensive list of insurers in the state of Florida along with their approved rate increase and effective dates here =>. With 210 property insurer's in Florida according to the OIR (Office of Insurance Regulation), Florida is still an extremely competitive market for insurance and now is the time to start shopping!

Make certain you and your family are getting the greatest value by quoting your homeowners insurance on a regular basis. At MyFloridaInsurance.info we not only help Floridians better understand risk, we also bring the top companies together in one place to compete for your business. Request a - free home insurance quote - today and discover how much you can save.

By: Andrea S. Jackson

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Andrea S. Jackson is a contributing author for MyFloridaInsurance.info, Florida's Insurance Blog. For the latest insurance news, information, and free online quotes around the state of Florida, click here=>