FORT MYERS, Fla. - More than a million Florida homeowners could lose their insurance by the end of the year.

State Farm Florida says it wants to take its policies and move out of the state. The company says its considering the drastic move after being denied requests to raise rates, hoping to pay for the risk it takes from Florida's hurricanes.

The decision is leading to mixed reaction from Tallahassee to your neighborhood.

"I've had my insurance with them for a long time, never had any problems with them," said Joe Ward of Cape Coral.

Some loyal customers say they'd be sorry to see State Farm go.

"I don't think they're being fair to past customers to be dropping it like they are," said Jack March of Naples.

But Governor Charlie Crist says good riddance. "I think that Floridians will be much better off without them," he said.

The governor has long pushed for lower insurance rates for Floridians, and claims State Farm already charges the highest of any company.

But the insurance industry warns State Farm's departure could lead to fewer choices for homeowners.

"I think it's going to be a very big challenge here in the state of Florida at a time when companies are struggling already to get an adequate rate for the risk they're undertaking," said Gary Landry of the Florida Insurance Council.

Independent agents have seen other companies come and go from Florida before. They say State Farm's departure will take time, and recommend customers consider options, but shouldn't panic.

"The main thing is, people should probably just sit tight, wait through the process, wait til they get their notice, if it actually goes through all that way," said Dilman Thomas of Oswald Trippe and Company, which is not affiliated with State Farm.

State Farm's decision faces a 90-day review by the state. If approved, they'd be required to give customers six months notice before canceling policies.

But there's still opportunity for compromise; Allstate threatened to leave a few years back, but ultimately kept its business in Florida.