Fort Myers flood insurance costs to drop by 20%

While other Lee County localities have struggled to maintain, and in one case has lost, federal flood insurance discounts, Fort Myers residents will see the cost of their policies fall by an additional 15% starting later this year.

That discount is a result of the Federal Emergency Management Agency upgrading the city’s Community Rating System classification for its National Flood Insurance Program.

The city’s rating has risen from a Class 9 to a Class 6. For residents that means policies issued through the NFIP will get a 20% discount, up from the current 5%.