Best and cheapest homeowners insurance in Florida in 2024

Best homeowners insurance companies in Florida

State Farm is the best home insurance company in Florida thanks to low rates and a low complaint ratio with the National Association of Insurance Commissioners (NAIC). Travelers, Nationwide, Allstate, and Progressive are also among the top car insurance companies in Florida.

Below you’ll find the best home insurance companies in Florida. Remember that some companies only offer coverage in certain parts of Florida.

Best homeowners insurance in Florida
Company	AM Best	NAIC Complaint Ratio	Average annual rate	Insurance.com score
State Farm	A++	0.83	$4,826	4.61
Travelers	A++	1.1	$1,775	3.85
Nationwide	A+	1.05	$5,623	3.84
Allstate	A+	1.46	$4,946	3.7
Progressive	A+	2.71	$4,595	2.79

Data refreshed as of May 2024

Read our full methodology

Cheapest homeowners insurance companies in Florida

Travelers is the cheapest home insurance company among those surveyed by Insurance.com. The average rate for the same amount of coverage varies significantly, which is why it pays to compare home insurance quotes.

Home insurance rates can vary a lot depending on the company you choose. The table below provides a look at average rates from home insurance companies in Florida, including national and local companies. Several dwelling coverage levels are displayed, all with liability levels of $300,000 and a $1,000 deductible.

Cheapest homeowners insurance in Florida
Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
Travelers	$1,203	$1,775	$2,469	$3,857	$6,646
Security First Insurance	$2,865	$3,720	$4,587	$7,547	$11,847
American Integrity Insurance	$3,485	$4,067	$5,229	$9,060	$16,165
Heritage Insurance	$3,586	$4,493	$5,787	$10,365	$19,484
Progressive	$3,866	$4,595	$5,555	$9,543	$17,094
HCI Group	$3,948	$4,905	$6,110	$11,318	$21,718
Nationwide	$3,985	$5,623	$7,192	$10,180	$16,103
State Farm	$4,039	$4,826	$5,925	$9,515	$15,505
Allstate	$4,582	$4,946	$5,882	$10,117	$17,011
FedNat Insurance	$5,832	$7,227	$8,861	$16,098	$28,495
Universal Insurance	$6,160	$6,502	$8,778	$14,915	$25,505
Citizens Property Insurance	$7,528	$8,632	$11,258	$19,755	$38,451

Data refreshed as of May 2024

Read our full methodology

*Citizens is the state-run insurer of last resort.

How much is home insurance in Florida?

The average home insurance cost in Florida is $4,419 a year, nearly $1,818 more than the national average of $2,601. These averages are based on the following coverage:

$300,000 dwelling coverage
$1,000 deductible/2% hurricane deductible
$300,000 liability

These rates include a hurricane deductible. Without it, the average rate is $2,401. This seems like a bargain, but if the hurricane deductible isn't selected, hurricane damage to your home likely isn't covered. Make sure you read the fine print so you don't find yourself without coverage.

Florida faces a property insurance crisis, with rates rising fast, which makes finding affordable Florida homeowners insurance from a solid company harder, especially if you live near the coast.

S&P Global reported an average rate increase of 42.1% since 2022 in Florida. An Insurance.com survey found Florida to be the hardest hit by the insurance crisis, along with California.

“Shop around among several different carriers. While many companies have gone bankrupt or are refusing to write new policies in Florida, there are still companies making sure Florida homeowners are protected,” says Anthony Martin, CEO of Choice Mutual.

Florida homeowners insurance rates by ZIP code

ZIP codes in Pensacola and Siesta Key are among the most expensive places to insure a home in Florida. Tallahassee has the least expensive neighborhoods for home insurance costs. Insurance.com analyzed home insurance rates from major insurance companies in nearly every ZIP code in Florida.

For $300,000 dwelling coverage with a $1,000 deductible (2% hurricane) and $300,000 liability limits, the average rate of $4,683 in Miami Gardens ZIP code 33055 is the highest. Among the most expensive ZIP codes for home insurance in the state is 33178, $4,680 for Doral.

ZIP codes in Spring Hill are the cheapest, with ZIPs 34609 having an average annual rate of $1,554.

Enter your ZIP code in the search box in our tool below to see the average home insurance rate for your area, as well as the highest and lowest premium fielded from major insurers. Default rates are for coverage of $300,000 dwelling and liability and a $1,000 deductible (2% hurricane).

This will give you an idea of how much you can save by comparing home insurance rates for your home.

Home insurance calculator

Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP Code	City	Highest Rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP Code	City	Lowest Rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data refreshed as of May 2024

Read our full methodology

Florida homeowners insurance rates by county

Home insurance rates in Florida vary by county. Take a look at the average rates by county in Florida below to see how costs compare.

County	$300,000 with $1,000 deductible and $300,000 liability
Alachua	$3,188
Baker	$2,919
Bay	$4,853
Bradford	$2,966
Brevard	$5,240
Broward	$4,575
Calhoun	$3,329
Charlotte	$5,146
Citrus	$3,838
Clay	$3,264
Collier	$6,084
Columbia	$3,425
Dade	$4,118
DeSoto	$4,529
Dixie	$3,396
Duval	$3,581
Escambia	$5,533
Flagler	$4,519
Franklin	$6,109
Gadsden	$3,427
Gilchrist	$3,185
Glades	$4,841
Gulf	$5,099
Hamilton	$3,038
Hardee	$4,440
Hendry	$5,442
Hernando	$3,633
Highlands	$4,114
Hillsborough	$4,971
Holmes	$3,684
Indian River	$6,161
Jackson	$3,602
Jefferson	$3,429
Lafayette	$3,143
Lake	$3,870
Lee	$5,157
Leon	$2,950
Levy	$3,842
Liberty	$3,324
Madison	$2,985
Manatee	$5,302
Marion	$3,315
Martin	$5,756
Miami-Dade	$4,695
Monroe	$5,426
Nassau	$3,583
Okaloosa	$5,404
Okeechobee	$5,038
Orange	$4,096
Osceola	$4,409
Palm Beach	$6,061
Pasco	$4,336
Pinellas	$5,564
Polk	$4,632
Putnam	$3,337
Santa Rosa	$5,385
Sarasota	$5,485
Seminole	$4,416
St. Johns	$3,509
St. Lucie	$5,446
Sumter	$3,598
Suwannee	$3,128
Taylor	$3,532
Union	$3,009
Volusia	$4,800
Wakulla	$3,994
Walton	$4,421
Washington	$3,461

Data refreshed as of May 2024

Read our full methodology

The most expensive home insurance rates in Florida by county

Florida homeowners insurance rates vary by county, with some areas experiencing higher premiums than others. Below is a list of the most expensive counties and their average rates.

County	Rates
Hendry	$5,442
St. Lucie	$5,446
Sarasota	$5,485
Escambia	$5,533
Pinellas	$5,564
Martin	$5,756
Palm Beach	$6,061
Collier	$6,084
Franklin	$6,109
Indian River	$6,161

Data refreshed as of May 2024

Read our full methodology

The least expensive home insurance rates in Florida by county

Baker county leads with the lowest average annual premium at $2,919. It's closely followed by Leon and Bradford counties, with rates of $2,950 and $2,966, respectively. Find below the counties with the least expensive home insurance rates.

County	Rates
Baker	$2,919
Leon	$2,950
Bradford	$2,966
Madison	$2,985
Union	$3,009
Hamilton	$3,038
Suwannee	$3,128
Lafayette	$3,143
Gilchrist	$3,185
Alachua	$3,188

Data refreshed as of May 2024

Read our full methodology

Homeowners insurance in Florida by city

Tallahassee has the cheapest homeowners insurance among the state's largest cities, with an average rate of $2,950 per year, which is $250 per month. Rates below are shown with a 2% hurricane deductible.

City	Average annual premium	Average annual premium
Fort Lauderdale	$395	$4,740
Gainesville	$266	$3,190
Hialeah	$406	$4,875
Jacksonville	$299	$3,593
Miami	$384	$4,607
Orlando	$339	$4,062
Port St. Lucie	$463	$5,554
Tallahassee	$246	$2,950
Tampa	$432	$5,184

Data refreshed as of May 2024

Read our full methodology

Florida homeowners insurance rates by coverage levels

Below are average rates for homeowners insurance in Florida by coverage level, including coverage with and without a hurricane deductible. Deductibles are $1,000 for all perils and 2% for hurricanes.

First, rates without a hurricane deductible. Please note that these rates may not include any coverage for hurricane damage.

Rates by coverage level with no hurricane deductible

Coverage level	Average rate
200,000 with 1,000 deductible and 100,000 liability	$1,714
200,000 with 1,000 deductible and 300,000 liability	$1,732
300,000 with 1,000 deductible and 100,000 liability	$2,385
300,000 with 1,000 deductible and 300,000 liability	$2,401
400,000 with 1,000 deductible and 100,000 liability	$3,097
400,000 with 1,000 deductible and 300,000 liability	$3,116
600,000 with 1,000 deductible and 100,000 liability	$4,568
600,000 with 1,000 deductible and 300,000 liability	$4,587
1,000,000 with 1,000 deductible and 100,000 liability	$7,456
1,000,000 with 1,000 deductible and 300,000 liability	$7,476

Data refreshed as of May 2024

Read our full methodology

Rates by coverage level with a 2% hurricane deductible

Coverage level	Average rate
200,000 with 1,000 deductible and 100,000 liability	$3,754
200,000 with 1,000 deductible and 300,000 liability	$3,773
300,000 with 1,000 deductible and 100,000 liability	$4,405
300,000 with 1,000 deductible and 300,000 liability	$4,419
400,000 with 1,000 deductible and 100,000 liability	$5,520
400,000 with 1,000 deductible and 300,000 liability	$5,516
600,000 with 1,000 deductible and 100,000 liability	$9,617
600,000 with 1,000 deductible and 300,000 liability	$9,637
1,000,000 with 1,000 deductible and 100,000 liability	$17,142
1,000,000 with 1,000 deductible and 300,000 liability	$17,162

Data refreshed as of May 2024

Read our full methodology

Why is homeowners insurance going up in Florida?

Make no mistake – homeowners insurance rates continue to increase in Florida. In the wake of Hurricane Ian's devastation rates are likely to rise again.

Insurance companies cite the following reasons why homeowners insurance is so expensive in Florida:

High rates for reinsurance, which is insurance that backs up insurance companies
Water-leak damage claims from non-hurricane causes
Claims from recent hurricanes are still being filed, as homeowners have a three-year window to do so.

Rapid roof replacement fraud schemes and runaway litigation are also causing a price hike.

“Unscrupulous roofers tell homeowners there was recent storm damage in the area and are replacing roofs for free, even when they don’t qualify for insurance coverage. The insurer rejects the claim because it’s not a legitimate insured loss [and] the contractor partners with an unscrupulous attorney to file a lawsuit against the insurer. Even if the case never goes to court, the related expenses are exorbitant for the insurer.”

Friedlander explains that Florida is the most volatile private insurance marketplace in the country and is on a trajectory toward collapse due to these roof replacement fraud schemes and runaway litigation.

“Many Florida home insurers are in a dire financial position because of these schemes,” he says. “Over the past two years, Florida insurers have posted cumulative underwriting losses of more than $3.4 billion. Furthermore, in 2021, residential insurers posted a cumulative net income loss of nearly $1 billion – more than the net income losses incurred in the previous two years combined.”

“More than 100,000 property claim lawsuits were filed against Florida home insurers in 2021, equating to more than 80% of property claim lawsuits filed in the United States. In fact, no other state has more than 900 property claim lawsuits filed last year,” says Friedlander.

Methodology

Insurance.com, in 2023, commissioned Quadrant Information Services to field home insurance rates from major insurers in each state for nearly all ZIP codes in the country for ten different coverage levels based on various dwelling and deductible limits.

The homeowners insurance rates are based on the profile of a 35-year-old married person for the coverage limit of $300,000 in dwelling, $300,000 in liability, and $1,000 deductible with an excellent insurance score and a new business HO-3 policy for a house built in 2000 with frame construction and composition roof—other Structures: 10%. Loss of use defaulted: 10%. Personal property defaulted: 50%. Guest Medical limit: $5,000. The content is updated for 2024.