A new report ranks Florida as the most expensive state in the nation for home insurance, a dubious distinction that is straining homeowners’ budgets and increasingly threatening the state’s economy.

The average premium for a typical homeowner’s policy is about $1,933 in Florida, according to the latest data released last week by the National Association of Insurance Commissioners.

That is four times the cost of a policy in Idaho, the cheapest state for homeowner’s insurance.

Homeowner’s insurance is now twice as expensive in Florida as the national average, raising concerns about what the trend means for the Sunshine State. Florida’s reputation for low-cost living, a key driver in its growth for decades, could be challenged by steadily increasing property insurance rates.

The annual NAIC (National Association of Insurance Commissioners) homeowner’s report compiles premium data from 2011, the most recent year for which numbers are available.

The two-year-old data almost certainly underestimates the extent of Florida’s property insurance woes; rates have steadily risen since then.

Despite a hugely profitable year in which insurers again avoided paying hurricane claims, 69 percent of the rate requests submitted to state regulators were for increases.

Political leaders have started to question the state’s lofty homeowner’s premiums.

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