Find the Best Homeowners Insurance Rates & Companies in Florida
The average cost of homeowners insurance in Florida is about $1,951 per year. Overall, Florida has the second highest home insurance rates in the nation, only falling behind Louisiana. The national average cost of a home insurance policy is only $1,211 per year.
The current average home price in Florida is $407,000, and the average condo and townhouse price in Florida is $305,000. When paying so much for your property, it's critical to protect it with the right coverage. That means getting a home insurance policy that incorporates all aspects of your home.
An independent insurance agent can help you get equipped with the right home insurance policy for your needs. But first, read on for a deeper breakdown of home insurance in Florida.
Best Homeowners Insurance Companies in Florida
You can find homeowners insurance from many different carriers in Florida, but that doesn't mean each of these companies offers the coverage you need. We've gone ahead and compiled a list of a handful of our top recommendations for the best home insurance companies in Florida. An independent insurance agent can help you further explore these options, and others.
- Progressive: Progressive offers home insurance as well as a myriad of other products. The carrier boasts a high financial strength rating, 24/7/365 customer service, and tons of discount options.
- PURE: PURE offers home insurance along with several other types of personal coverage. The carrier also has excellent financial strength and 24/7 claims reporting.
- Stillwater: Stillwater offers home insurance and coverage for just about any other type of personal property you could need it for. The carrier has excellent ratings for financial strength as well as overall by the Better Business Bureau (BBB) and offers 24/7 claims reporting.
- Florida Peninsula: Florida Peninsula offers home insurance as well as flood coverage and others for residents of Florida. The carrier holds solid financial strength and an excellent rating by the BBB and is one of Florida's largest home insurance companies.
- SLB Insurance Group: SLB Insurance Group offers home insurance as well as several other types of personal and business products. The carrier also holds excellent ratings in financial strength and from the BBB.
An independent insurance agent can help you browse homeowners insurance coverage for your Florida home from any of these trusted carriers.
What Homeowners Insurance in Florida Can Cover
Hurricanes and tropical storms are the most common natural disasters that occur in the state of Florida. Both of these natural disasters have the potential to completely destroy your home and other property. Without the right type of coverage, you could be left paying for repairs and replacement out of your own pocket. However, a basic home insurance policy won't be sufficient if one of these natural disasters occurs, since flood damage caused by natural water sources is excluded.
The basic coverages included in a Florida home insurance policy are:
- Personal property: This covers your personal belongings like clothing against many disasters like theft, fire, etc.
- Dwelling: This covers your home's structure against many disasters like lightning strikes, fire damage, vandalism, etc.
- Loss of use: This covers your extra expenses if you must stay somewhere else while your home is being repaired after a covered disaster like a fire.
- Personal liability: This covers your legal expenses like attorney fees if you get sued by a third party for personal property damage or bodily injury.
What Homeowners Insurance in Florida Will Not Cover
Flood damage that stems from natural disasters is not covered by home insurance in Florida. Earthquakes are another type of natural disaster that is not covered. Earthquake insurance may not be necessary to add since these disasters are rare in Florida, but you should still consider it relative to your situation.
Home insurance in Florida also doesn't cover these:
- Maintenance-related losses
- Normal wear and tear of the home
- Sewer backup damage
- Your personal vehicles
- Business-related losses
Hurricanes and tropical storms
While home insurance policies in Florida must cover wind damage from natural disasters such as hurricanes, they're not required to cover natural flood damage. Water and flood damage from hurricanes, tropical storms, heavy rainfall, tsunamis, etc., must be covered by a separate flood insurance policy.
Flood damage in Florida
Residents in Florida might want to consider adding sewer backup coverage to their policies, as well as flood insurance. Since Florida has such a high frequency of natural disasters like hurricanes and tropical storms, having coverage for your home against flooding from natural water sources is critical. Without the right flood insurance, you could have to pay out of your own pocket to rebuild your home
Average Cost of Homeowners Insurance in Florida
The average cost of homeowners insurance in Florida is much higher than the current national average of $1,211 per year. In Florida, residents pay an average of $1,951 per year for their coverage. Home insurance rates in Florida are the second-highest in the nation, due to the state's increased risk of natural disasters like hurricanes and tropical storms, as well as increased property values due to the desirability of the location.
Average Florida Home Insurance Costs by City
Home insurance costs vary not only by state but also by city. Cities have differing home insurance rates due to property values, proximity to the ocean, and other factors. In Florida, residents in the city of Naples currently pay the highest home insurance rates on average, at $2,801 per year. The Florida city with the cheapest homeowners insurance rates is Melbourne, where residents pay an average of just $1,683 per year for their coverage.
Average Florida Home Insurance Costs by City
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Annual insurance cost | Avg. home value | Burglaries / 1,000 homes |
| Boyton Beach | $1,856 | $206,100 | 7.3 |
| Bradenton | $1,748 | $164,038 | 7.95 |
| Cape Coral | $1,898 | $212,600 | 4.03 |
| Clearwater | $1,846 | $190,900 | 6.86 |
| Clermont | $1,884 | $210,617 | 14.06 |
| Coconut Creek | $1,799 | $182,598 | 4.33 |
| Coral Gables | $2,771 | $834,822 | 6.2 |
| Coral Springs | $2,168 | $336,100 | 2.76 |
| Cutler Bay | $2,059 | $265,200 | 3.91 |
| Davie | $2,084 | $273,700 | 5.79 |
| Fort Lauderdale | $2,275 | $325,300 | 11.15 |
| Gainesville | $1,702 | $154,600 | 4.63 |
| Jacksonville | $1,810 | $157,800 | 7.95 |
| Melbourne | $1,683 | $153,900 | 5.91 |
| Miami | $2,531 | $277,700 | 8.67 |
| Naples | $2,805 | $942,518 | 4.14 |
| Orlando | $1,789 | $224,600 | 12.87 |
| St. Petersburg | $1,837 | $187,600 | 10.41 |
| Tallahassee | $1,865 | $186,700 | 12.34 |
| Tampa | $2,118 | $216,100 | 5.09 |
Popular Questions about Florida Home Insurance
The average cost of Florida homeowners insurance is $1,951 annually, which is considerably more than the national average of $1,211 per year. Florida currently has the second-highest home insurance rates in the nation, only falling behind Louisiana. Still, an independent insurance agent can help you find affordable coverage in your area.
You're typically required to get home insurance if you have a mortgage on your home. Your lender will require proof of coverage before you can officially sign your mortgage. But having home insurance is not required by state law in Florida.
Buying the right kind of home insurance in Florida for you is easiest with the help of an independent insurance agent. Independent insurance agents know exactly which kind of coverage you need to best protect your home, and they know where to find it. They can even help you score possible discounts on your premiums.
Home insurance rates are determined by considering a number of different factors. In Florida, home insurance rates can be determined by considering property values in the area, the area's risk of natural disasters and flooding, local crime rates, the coverages you select, and your past claims history, among other things.
Yes, independent insurance agents can be found across the nation. Independent agents in Florida can easily help you find the right coverage to protect your home. Contact a Florida independent insurance agent today to get equipped with the right home insurance policy.
Home insurance is more expensive in Florida than in almost any other state due to the area's property values being some of the highest in the nation. But beyond that, Florida has higher home insurance rates due to the state's increased risk of natural disasters like hurricanes. Crime rates also play a role in the state's higher insurance premiums.
The largest and our top-recommended home insurer in Florida is Progressive. Progressive was founded in 1937 and offers both business and personal insurance. Beyond home insurance, the carrier's huge catalog also includes flood insurance, boat insurance, auto insurance, business insurance, commercial auto insurance, professional liability insurance, and more. The carrier also holds an excellent "A+" rating for financial strength by AM Best.
Home insurance in the state of Florida is available through private insurance companies. Some of our other top-recommended home insurance companies in Florida are Stillwater, PURE, SLB Insurance Group, and Florida Peninsula.
There's no such thing as a one-size-fits-all insurance policy. With a wide variety of products and options at your disposal, you might need help from a professional to choose what you really need.
An independent insurance agent in Florida can help you choose the right policies and options to meet your specific coverage needs. Because they're independent, these agents can work with several of the best insurance companies in Florida to find you the right coverage at a great price.
Do you know what your home insurance covers in Florida?
Average Cost of Home Insurance Near You
The average monthly cost of home insurance in Jacksonville, FL is $151.
Your home insurance could be less or more, depending on several factors like the size of your house, your credit score, your house's building materials, and your claims history. Home prices in this area are lower than the state average. Purchasing lower amounts of coverage can help to keep costs in check.
Home insurance is designed to cover you against many of the hazards that can result in loss or damage to your property. These include weather-related risks as well as property crimes. Because Jacksonville is a metropolitan area, its residents are more likely to experience a burglary, theft, or break-in. The proper insurance will help you recover if something unexpected happens.
The average monthly cost of home insurance in Fort Lauderdale, FL is $190.
Your actual rates will be determined by the size and value of your home, the number of people living in it, whether you own a dangerous breed of dog, and several other factors.
Property values in Fort Lauderdale are much higher than the state average, and so too is the burglary rate in this city! This means that residents need protection against both natural disasters and property crimes. High winds frequently strike the Fort Lauderdale area, especially during hurricane season. This can do some serious damage, like ripping off shingles, siding, and doors. Be prepared, take precautionary measures, and get the right insurance.
The average monthly cost of home insurance in Gainesville, FL is $142.
Lower-than-average home values, coupled with a lower-than-average burglary rate, help to keep costs affordable in this city. Your actual home insurance rate can depend on a multitude of factors like the size of your home, your house's building materials, the crime rate in your area, and whether your property includes a swimming pool. These are just things to consider when you look at the average rate.
You never know what to expect when it comes to Florida weather. That's why you need protection against it all, whether it's crime, weather, or even a liability lawsuit. You can cover your finances against excessive losses due to property damage and other risks with the proper homeowners insurance.
The average monthly cost of home insurance in Melbourne, FL is $140.
Because Melbourne and the surrounding area face significant weather-related risks, insurance coverage is necessary. Fortunately, lower-than-average home values and a relatively low crime rate mean that most homeowners in Melbourne can find affordable coverage.
Homeowners insurance is designed to cover you against many of the various risks you are likely to encounter. However, flood damage, which is a serious risk in this area, is not covered by home insurance. You will need a supplemental flood insurance policy to get coverage. Likewise, some policies require you to purchase supplemental coverage against hurricane damage.
The average monthly cost of home insurance in Miami, FL is $211.
This city’s location along the coast, as well as its high property values and crime rates, make for some of the highest home insurance rates in the country. Fortunately, an independent agent can help you find the most affordable policy to meet your needs.
Whether it's criminal activity or weather-related activity, property damage can happen without warning. The most typical causes include hurricane-force winds, fires, and burglaries.
The average monthly cost of home insurance in Naples, FL is $234.
Residents of this city pay some of the highest insurance rates in the country. That's not surprising in a city where the average home value is nearly $1 million. That means that homeowners need a lot of coverage against the financial losses that may ensue if their homes are damaged by weather, accidents, or property crimes. Your costs will depend on things like the amount of coverage you purchase, details about your home, and your claims history.
The average monthly cost of home insurance in Orlando, FL is $149.
This city has home values that are only slightly higher than the state average, and a high crime rate. Each of these factors can cause a spike in home insurance, but Orlando’s inland location helps to insulate it from the worst hurricane and tropical storm damage, so the rates in this city remain relatively affordable.
Your home insurance policy can provide you with coverage against many of the hazards you are likely to face as a homeowner. That way, covered loss or damage to your home will not cause you to suffer undue financial losses. With the high burglary rate in this city, residents are advised to keep doors and windows securely locked, and entryways to their homes well-lit. If you are the victim of a burglary, your homeowners insurance can provide you with compensation for your losses.
The average monthly cost of home insurance in St. Petersburg, FL is $153.
The size of your house, your credit score, your house's building materials, and the crime rate in your area are just some of the many factors used to determine your particular costs. Slightly lower-than-average home values in this city help to keep costs in check.
It's important that you are certain your policy covers you against all the risks you face as a homeowner. One such risk is burglary, which residents of this city experience at a relatively high rate. Home insurance is designed to cover against this hazard and damage caused by many weather-related events. Bear in mind, however, that flood damage is not included in your coverage.
The average monthly cost of homeowners insurance in Tallahassee, FL is $155.
Home values in this area are on par with state averages, but burglary rates are higher. This can cause coverage rates to go up for many area residents. Your actual rates will be calculated according to several factors such as the size, age, and value of your home, your claims history, and whether you own any dangerous or exotic pets.
In the event that your home is burglarized or damaged by a severe storm, know that your homeowners insurance is there to help.
The average monthly cost of home insurance in Tampa, FL is $177.
Home values and property crime rates in this city are both slightly higher than average for the state, and so too are the home insurance rates. Homeowners in this city are most at risk for property damage caused by severe storms, particularly when hurricanes make their way through the Gulf of Mexico.
This area sees a lot of water damage, whether from hurricanes, flooding, or unexpected storms. It's essential that your homeowners policy specifically protects you against the risks you face on the coast. To be covered against flood damage, you will need to supplement your Tampa home insurance coverage with a flood insurance policy.