Florida residents flee state as insurance premiums skyrocket up to 900%
www.newsweek.com
Insurance premiums in the Sunshine State have climbed so high that people are considering going without insurance coverage, or moving out of the state.

The skyrocketing cost of insurance premiums in Florida is leading residents to drop their insurance, consider selling their home, and even move out of the state, according to recent reports.

For years now, the sunny, vibrant state has been a magnetic destination for many Americans—a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.

But while Florida was the number one state in the country that people moved to in 2022, it was also the one with the highest number of residents wanting to relocate, according to a SelfStorage.

  • afraid_of_zombies@lemmy.world
    3·
    1 year ago

    Because they are grounded in the real world. If your goal is to make money finding out how to lower your costs is a good way to do it. If your goal is to win elections telling people what they want to hear is a good way to do it. They know that this is happening and it is going to get worse.