TALLAHASSEE — Florida regulators have approved new rates for the state’s Citizens Property Insurance Corp., with premiums for the most-common type of homeowners policy increasing by a statewide average of 6.6 percent.

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.

Insurance regulators spent more than seven months considering the 14% average rate hike proposed for homeowners covered by state-owned Citizens Property Insurance Corp. and ultimately voted thumbs down.

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Significant rate decreases will soon be announced for Citizens Insurance customers in Broward and Miami-Dade counties, Gov. Ron DeSantis announced on Wednesday. The company in June had asked for