[beach43ofus]

Originally Posted by bmw335xi

No idea.... lying to paint an agenda, maybe they have a ton of claim history and found an insurance company willing to insure them at a high rate, maybe they have a really low credit score or have a history of missing payments and this was the way to get insurance? I don't know anyone paying $9,200 year for insurance, yet alone someone with a $300k house. One of my friend's is paying $2k and his house value right now is around $400-450k.

I know of 1 person w/ a double wide whose home may be worth only $300k, but its 1 mile to the beach, so it may be worth more. I don't know anyone else w/ a home worth <$450k.

I know 1 person paying >$9,000/yr in homeowners insurance, & she owns a $3M+ oceanfront condo in the heart of Boca Raton.

This is a media hit job that is politically motivated since Trump and DeSantis reside in FLA. And, FLA's taking Billions in taxable revenues from NY, NJ, CT, MA, IL, MI, MN, WI, CA when theri residents move here. This is an attempt to slow the flow.

I wish the FLA State insurance commissioner would come out w/ accurate data to debunk this propaganda attack.

[Chas863]

Here are the average costs for home insurance in Florida per Forbes on 3/06/24. These numbers seem a bit low to me. My house is worth about $450k and it's in one of the safer areas of the state (inland near the middle of the state) and about 22 years old, and I pay a little over $3,000 per year.


Average Home Insurance Costs for $500,000 Dwelling Coverage
Company Average Home Insurance Cost In Florida
Progressive
$1,438
Tower Hill
$1,477
Universal Insurance
$1,481
State Farm
$1,733
Chubb
$2,051
Allstate
$2,111
Armed Forces Insurance Exchange
$2,584
Florida Peninsula Insurance
$3,318
Citizens Property Insurance Corp.
$4,450
Source: Quadrant Information Services


https://www.forbes.com/advisor/homeo...ers-insurance/

[MOforthewin]

Why doesn't texas have as high of car insurance and home insurance as florida when they get a lot if flooding and prone to hurricanes too.

[beach43ofus]

Chas863's post confirms my assertion that the $9,200 average annual premium for FLA being trotted out all across the Internet is a political hit job...propaganda.

Well played Chas!

[Mathguy]

Originally Posted by MOforthewin

Why doesn't texas have as high of car insurance and home insurance as florida when they get a lot if flooding and prone to hurricanes too.

1. Main reason will be the laws allowing for larger payouts which creates a lot of lawsuit incentives. Never seen so many "Have you been injured in an accident" ads anywhere else in the country. Want to make insurance expensive in a hurry? Add lawyers to the mix.

2. Texas hurricane risk is way less, even on the coast and much of the state population is nowhere near the coast. Once you get a fair distance from the coast the hurricane strength drops rapidly.

P.S. Hurricane risk in Florida is drastically lower north of tampa\orlando not out on the panhandle. Has to do with how the winds and land work...like a warped bowling alley lane.

[bmw335xi]

Originally Posted by beach43ofus

This is a media hit job that is politically motivated since Trump and DeSantis reside in FLA. And, FLA's taking Billions in taxable revenues from NY, NJ, CT, MA, IL, MI, MN, WI, CA when theri residents move here. This is an attempt to slow the flow.

Yep, completely agree! They once saw Florida turning into a blue state and instead saw it turn red and now are trying everything, they can to make it seem like that was a big mistake when in fact, Florida has never been better, and many blue states are deteriorating.

[silverct9a]

I see this mentioned a lot on here - Exactly which blue states are deteriorating? What metric are we using to determine deterioration? State GDP, per capita income, educational attainment, retirees moving down? Office relocations?

Originally Posted by bmw335xi

Yep, completely agree! They once saw Florida turning into a blue state and instead saw it turn red and now are trying everything, they can to make it seem like that was a big mistake when in fact, Florida has never been better, and many blue states are deteriorating.

[Mathguy]

Originally Posted by silverct9a

I see this mentioned a lot on here - Exactly which blue states are deteriorating? What metric are we using to determine deterioration? State GDP, per capita income, educational attainment, retirees moving down? Office relocations?

^^THis is an excellent question and very fair point.

There will of course be a litany of reasons as to why someone moves to another state.

Heck, I moved from a red state to a blue state in recent years, my reason was family. (I personally hate those stupid terms but trying to keep in the spirit of the thread...sigh.)

Now, that all being said both NY and CA have been proposing EXIT taxes. Now, we can point to any number of metrics that we want like you mentioned above but when a state starts trying to claw money out of people that move? Yeah, you better be paying attention to how things are going. That's not normal.

[silverct9a]

Thrilled to see a rare post that contains thought and logic. Thank you!

I’m not a fan of blanket statements, especially if they are low on data and high on conjecture. I think many forget just how many lurkers stumble upon their posts…

Originally Posted by Mathguy

^^THis is an excellent question and very fair point.

There will of course be a litany of reasons as to why someone moves to another state.

Heck, I moved from a red state to a blue state in recent years, my reason was family. (I personally hate those stupid terms but trying to keep in the spirit of the thread...sigh.)

Now, that all being said both NY and CA have been proposing EXIT taxes. Now, we can point to any number of metrics that we want like you mentioned above but when a state starts trying to claw money out of people that move? Yeah, you better be paying attention to how things are going. That's not normal.

[bmw335xi]

Originally Posted by silverct9a

I see this mentioned a lot on here - Exactly which blue states are deteriorating? What metric are we using to determine deterioration? State GDP, per capita income, educational attainment, retirees moving down? Office relocations?

Travel… from my personal experience, San Francisco, Seattle, Los Angeles, NYC were all better pre-covid. Meanwhile, I think cities here have never been better.