Several factors have been sited for helping bring down property insurance rates. It remains to be seen if premiums will drop, too.

Find out which Florida homeowners could see their insurance premiums decrease under the new Citizens Property Insurance rates.

Florida’s Citizens Property Insurance Corp. will reduce rates by an average of 5.6% statewide in 2025, according to Gov. Ron DeSantis. The governor said the state had the lowest average increase in homeowners insurance rates nationwide over the past year.

TALLAHASSEE -- Gov. Ron DeSantis on Wednesday said that many South Florida customers of the state's Citizens Property Insurance Corp. will receive rate decreases this year. During an appearance in Miami, DeSantis said 73 percent of Citizens customers with homeowners policies in Miami-Dade County will receive premium reductions.

Most customers of state-run Citizens Property insurance Corp. in Broward and Miami-Dade counties will see substantial rate decreases this year, Gov. Ron DeSantis announced Wednesday. DeSantis said that Citizens will “very soon” announce that 52% of Broward County homeowners will see average decreases of 4.

The Florida Office of Insurance Regulation trimmed proposed rate increases that Citizens submitted last year. Also, Gov. Ron DeSantis said Wednesday that many Citizens customers in Miami-Dade and Broward counties will see decreases.

State insurance regulators approved an average 8% rate hike for Citizens residential customers, down from the 14% hike requested by the company. The rate changes were announced in a final order