Edison's 9.8% Florida Rate Decrease Filing: What to Check

Insurance Journal reported that Edison Insurance Co. made a use-and-file request for an average 9.8% decrease on Florida residential policies. Edison said the change began affecting renewals on July 15, 2026. The Florida Office of Insurance Regulation had not yet approved the filing when the article ran.

That is encouraging news. It is not a promise that every Edison homeowner or condo unit owner will see the renewal premium drop by 9.8%.

What Edison filed and what the 9.8% figure means

Insurance Journal described Edison's request as an average 9.8% residential decrease. Edison said individual homeowners and condo unit owners can see different results based on property location, roof age, claims history, and other account details.

The word average matters. Some policies may move more than the average, some less, and some may not decrease at all. The filing also does not erase changes to the home, coverage, or policy that can affect the final bill.

Why one Florida renewal can rise while average rates fall

A rate is part of the calculation. The premium is the amount charged after the insurer applies the policy's limits, deductibles, discounts, property details, and other rating information.

Your renewal can move differently from the statewide average when any of these change:

• A higher Coverage A limit can raise the premium even if the carrier's average rate decreases.
• Roof age, material, permit history, inspections, construction, protection features, and location can affect the result.
• A recent claim or corrected claim record may change how the renewal is rated or reviewed.
• A different hurricane deductible, all-other-perils deductible, endorsement, water limit, roof settlement provision, or optional coverage can change both price and protection.
• Wind-mitigation information and other supported credits may change when an inspection expires, the home changes, or the carrier updates its review.
• Vacancy, rental activity, renovations, additions, or business use can trigger different questions.

That is why a lower headline rate and a higher individual renewal are not automatically contradictory. Start with the policy details that changed.

Compare these home insurance renewal details line by line

The price is important. So is what you are buying for that price.

Dwelling limit and other property limits

Compare Coverage A with the prior term and ask why it changed. Then check other structures, personal property, loss of use, liability, and medical-payments limits. The dwelling limit is generally based on estimated rebuilding cost, not the home's sale price.

The Florida Office of Insurance Regulation's homeowners insurance page explains the main coverage sections found in a homeowners policy.

Hurricane and all-other-perils deductibles

Florida policies often show a separate hurricane deductible and an all-other-perils deductible. If the hurricane deductible is a percentage, compare the percentage and the dwelling limit because the dollar amount depends on both.

Use our Florida hurricane deductible guide for a fuller explanation, and review the Florida Department of Financial Services hurricane deductible consumer page for the state rules.

Roof settlement and water restrictions

Do not assume a lower premium buys the same roof or water protection. Look for replacement-cost versus actual-cash-value terms, roof payment schedules, water-damage limits, exclusions, sublimits, and endorsements that were added or removed.

If the wording is unclear, ask for a side-by-side explanation before changing carriers or accepting the renewal.

Wind mitigation and inspection information

Send the wind-mitigation and 4-point reports you already have. The agent or carrier can tell you whether either report needs an update. If the roof or opening protection changed, newer documentation may support information that the older report does not show.

OIR's wind mitigation resources explain the current state form and its use. Our Florida wind mitigation guide shows what homeowners should review on the report.

Flood coverage

Standard homeowners insurance generally does not cover flood. A softer homeowners rate headline does not change that gap. Review a separate NFIP or private flood policy when the property has flood exposure or the lender requires coverage.

What to send when you want the renewal compared

Start with what you already have. You do not need to order every inspection before asking for help.

1. Current declarations page
2. Renewal offer and any change notices
3. Roof permit, invoice, or other installation record
4. Wind-mitigation and 4-point reports already on hand
5. Claim dates, repair status, and invoices for completed work
6. Mortgagee information and lender requirements
7. Notes about renovations, occupancy, rental use, or other property changes
8. Separate flood declarations page, if applicable

Our Florida home insurance renewal checklist provides the complete review sequence. If you are shopping a new policy, use the Florida home insurance quote documents list.

What Edison's filing says about Florida's 2026 market

Edison is one of several Florida residential carriers that have filed for decreases or flat rates. Insurance Journal reported that OIR had received more than 190 residential filings for decreases or 0% increases. The article also cited a 6.9% average decrease across filings in the 30-day period available in July.

Those figures point to a more competitive direction than Florida homeowners saw during the hardest part of the market. They do not turn every address into the same risk or every renewal into the same outcome.

For the broader picture, see our 2026 Florida insurance market report. If your own bill went up, the Florida home insurance renewal increase guide helps separate market movement from property and policy changes.

Sources for this Edison rate filing review

• Insurance Journal: Florida's Edison Files for 9.8% Average Residential Rate Drop
• Florida Office of Insurance Regulation: Homeowners Insurance
• Florida Office of Insurance Regulation: Wind Mitigation Resources
• Florida Department of Financial Services: Florida's Hurricane Deductible

Edison rate decrease and Florida renewal questions