- How much is home insurance in Florida?
- Best homeowners insurance companies in Florida
- Cheapest homeowners insurance companies in Florida
- Florida home insurance trends
- Florida homeowners insurance rates by ZIP code
- Florida homeowners insurance rates by county
- Homeowners insurance in Florida by city
- Florida homeowners insurance rates by coverage levels
- Why is homeowners insurance going up in Florida?
- Methodology
- Frequently asked questions: Florida home insurance
- Compare Florida homeowners insurance rates with other states
How much is home insurance in Florida?
The average homeowners 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
This average rate includes 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% in Florida from 2018 to 2023. 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.
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.
The best companies can also be broken down by category:
- Best for low rates: Travelers
- Best for a low volume of customer complaints: State Farm
- Best for financial stability: State Farm/Travelers
How we chose the best home insurance companies in Florida: To rank home insurance companies, we looked at average annual rates, complaint ratio with the National Association of Insurance Commissioners (NAIC) and financial strength ratings from AM Best. The best ranking represents major insurance companies.
Below you’ll find the best home insurance companies in Florida. Remember that some companies only offer coverage in certain parts of Florida.
State Farm
State Farm is our top pick for homeowners insurance in Florida thanks to a low complaint ratio and the best possible AM Best rating. Rates at State Farm aren't the lowest, but the company offers a good auto and home bundle that can reduce that cost.
Travelers
Travelers' low rates landed it the No. 2 spot for Florida home insurance. With the challenges of finding cheap homeowners insurance in Florida, rates are a top concern for many. Travelers brings low rates along with a top AM Best rating for financial stability.
Nationwide
Nationwide landed in third place on our list, with a low complaint ratio and excellent AM Best rating. Its rates are higher than some competitors, but discounts can help to bring the cost down.
Cheapest homeowners insurance companies in Florida
Travelers is the cheapest home insurance company among those surveyed by Insurance.com, with an average rate of $1,775 for $300,000 in dwelling coverage. It remains the cheapest at higher coverage levels as well, with a rate of $6,646 at $600,000 in dwelling coverage, a little more than half the cost of the next cheapest competitor.
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.
| 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 |
*Citizens is the state-run insurer of last resort.
PEOPLE ASK
What is Citizens Property Insurance Corporation?
Citizens Property Insurance Corporation is the state-backed insurer of last resort in Florida. It offers insurance coverage for homes that don't qualify on the standard market.
Florida home insurance trends
What’s affecting home insurance in Florida? Here’s what you need to know.
- According to the Florida Office of Insurance Regulation (FLOIR) catastrophe report, insurance claim costs from Hurricane Debby have reached nearly $121.5 million, and more than 60% of residential claims have been closed. That’s lower than initial estimates of between $1 billion and $2 billion.
- FLOIR reports only 207 residential flood insurance claims filed after Debby, in spite of the torrential rain and storm surges the National Oceanic and Atmospheric Association (NOAA) reported, which may point to a lack of coverage when taken with the fact that more than half of homeowners insurance claims were closed without payment, according to FLOIR numbers.
- Florida home insurance rates are among the most expensive in the country at $4,419 a year. S&P Global reported that rates have risen 43.2% in Florida since 2018.
- Florida has seen a lot of home insurance companies leave the state, with some going out of business and others deciding that Florida homes present too much of a risk, creating an ongoing home insurance crisis.
- The MySafeFloridaHome program, an assistance program that provides grants to homeowners for wind mitigation, has been expanded to make homes more resilient and reduce home insurance rates with discounts.
Florida homeowners insurance rates by ZIP code
Insurance.com analyzed home insurance rates from major insurance companies in nearly every ZIP code in Florida.
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 TexasMost & 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 |
The Florida Office of Insurance Regulation says...
"The state of Florida requires insurance companies to offer discounts for protecting your home and mitigating damage that may be caused by hurricane-force winds."
- The Florida Office of Insurance RegulationFlorida 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 | Average annual premium |
|---|---|
| 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 |
| 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 |
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 |
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 |
PEOPLE ASK
Which insurance companies are pulling out of Florida?
The companies that have left Florida or gone out of business include:
- Farmers
- Southern Fidelity
- Weston Property & Casualty
- United Insurance Holdings
- FedNat
- Bankers
- Lighthouse Property Insurance
- Avatar Property & Casualty
- Lexington
- St. Johns
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 |
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 |
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 |
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 partly due to litigation.
“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 [that] year,” says Friedlander.
ASK AN EXPERT We sought out questions from real people about accidents involving parked cars to provide expert answers. Have a question? Let us know.Expert answers to your questions
Leslie Kasperowicz
Executive editor.
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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.
Frequently asked questions: Florida home insurance
Is homeowners insurance expensive in Florida?
Compared to many other states, Florida homeowners insurance is expensive. The average rate is almost $1,800 more per year than the national average.
What should I do if my Florida insurance company drops me?
The first thing to do if your insurance company cancels or non-renews your policy is to contact the company and find out why. The decision may be reversible. If your homeowners insurance is being canceled and there is no way to keep your coverage, it's time to start shopping for a new policy.
How does a hurricane deductible work in Florida?
A hurricane deductible applies when a storm declared to be a hurricane by the National Weather Service causes damage to your house. The insurance company can charge the hurricane deductible rather than your standard home insurance deductible when you file a claim. Hurricane deductibles are usually a percentage of your dwelling coverage. So, a 2% hurricane deductible on a house with $200,000 in dwelling coverage is $4,000. In Florida, however, there may be a $500 option.
Hurricane deductibles in Florida are per-season and not per-incident. You will only pay your deductible once per hurricane season. You should always file a claim for hurricane damage, even if it's below your deductible, since it will count towards your deductible if another storm damages your home that same year.
Compare Florida homeowners insurance rates with other states
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