Florida: Nationwide Asks for Rate Increase, Allstate Bailing Out

This is not the best time to live in Florida if you are looking for good insurance rates. According to a recent article by Reuters, Nationwide, who is the 4th largest insurer in the U.S., is asking the Florida state insurance commissioner to raise statewide average rates in Florida 71.4 percent. And some top insurers, such as Allstate, are trying to get out of the Florida market completely.

So, what is a homeowner in Florida to do? Well, it's out of the homeowners hands for now but there are still ways to save on your home owners insurance. Learn more at 11 Ways to Save on Your Homeowners Insurance.