Florida Dept. of Insurance: 5,000+ Reasons to Stay Informed

Insurance in Florida: A Snapshot

Florida is home to over 5,000 insurance companies, making it one of the most competitive insurance markets in the country. This competition drives down prices and provides consumers with a wide range of choices.

According to the Florida Office of Insurance Regulation, the average annual premium for homeowners insurance in Florida is $1,732. This is lower than the national average of $1,988.

The average annual premium for auto insurance in Florida is $1,041. This is also lower than the national average of $1,182.

Florida Dept. of Insurance: What It Does

The Florida Dept. of Insurance (FDOI) is the state agency responsible for regulating the insurance industry in Florida. The FDOI's mission is to protect consumers and ensure that insurance companies are operating fairly and responsibly.

The FDOI has a wide range of responsibilities, including:

• Licensing and regulating insurance companies
• Investigating complaints against insurance companies
• Enforcing insurance laws and regulations
• Educating consumers about insurance

Why You Should Stay Informed About the Florida Dept. of Insurance

There are a number of reasons why you should stay informed about the Florida Dept. of Insurance. First, the FDOI can help you resolve problems with your insurance company. If you have a complaint against your insurance company, you can file a complaint with the FDOI. The FDOI will investigate your complaint and take action if necessary.

Second, the FDOI can help you understand your insurance policy. If you have questions about your insurance policy, you can contact the FDOI for help. The FDOI can also provide you with information about insurance laws and regulations.

Third, the FDOI can help you stay up-to-date on the latest insurance news and developments. The FDOI publishes a number of newsletters and bulletins that provide information about the insurance industry. You can sign up for these publications on the FDOI's website.

How to Contact the Florida Dept. of Insurance

You can contact the Florida Dept. of Insurance by phone, email, or mail.

• Phone: 1-800-342-2762
• Email: [email protected]
• Mail: Florida Dept. of Insurance 200 E. Gaines St. Tallahassee, FL 32399-0300

Additional Resources

• Florida Office of Insurance Regulation: https://www.floir.com/
• National Association of Insurance Commissioners: https://www.naic.org/

Tables

Table 1: Average Annual Premiums for Homeowners Insurance in Florida

Table 2: Average Annual Premiums for Auto Insurance in Florida

Table 3: Number of Insurance Companies in Florida

Table 4: Top 10 Insurance Companies in Florida