A state website shows 24 out of 27 competitors have lower average rates than state-run Citizens in Palm Beach County for a home built in 2005. At least 10 insurers show lower average rates than Citizens for a home built before 2001. Industry officials warn the numbers can be misleading because they are averages over a wide area, and rates tend to be higher near the coast where many Citizens customers are.

The example below shows rates for a $150,000 home constructed before 2001 in Palm Beach County, both without credits for storm-resistant building features and with maximum credits.

Company Name /Rate with no wind mitigation /Rate with maximum wind mitigation

1. Florida Family Insurance $2,806 $ 1,825

2. Frontline Homeowners/First Protective Ins. Co. $ 3,045 $ 1,539

3. Fidelity National Property & Casualty Ins. Co. $3,199 $ 1,633

4. Tower Hill Prime Ins. Co. $ 3,500 $ 1,356

5. Southern Fidelity Ins. Co. $ 3,606 $ 2,262

6. Tower Hill Preferred Ins. Co. $ 4,112 $ 1,762

7. American Traditions Ins. Co. $ 4,167 $ 1,955

8. Florida Peninsula Ins. Co. $ 4,258 $ 2,176

9. Southern Oak. Ins. Co. $ 4,373 $ 2,416

10. St. John’s Insurance Co. $ 4,479 $ 2,485

11. Citizens Property Insurance Corp. $ 4,693 $ 2,741

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