Published: Nov 21, 2013 6:26 PM EST
Updated: Nov 21, 2013 6:41 PM EST

LEE COUNTY, Fla.- Floridians might not see relief from skyrocketing flood insurance bills as soon as they'd like.

According to a new study published by Center for Competitive Florida, for every dollar paid out by the National Flood Insurance Program, Floridians chip in $3.60.

"Because our coastline is longer than any other state, we have more flood policies than any other state," said AAA insurance manager John Risk. "Therefore, we do pay more into the National Flood Insurance Program than any other state."

Risk said in theory, Florida properties stand the highest chance of flooding.

In reality, that hasn't played out.

Disasters like Superstorm Sandy and Hurricane Katrina have led to more claims in other states.

"The National Flood Insurance Program is pretty much broke and can't pay the claims because they're not taking in enough money," Risk said.

The program is currently $24 billion in debt.

Sen. Bill Nelson introduced legislation in October that would have restored flood insurance subsidies to property owners.  There has still been no vote.