What is the average cost of renters insurance in Florida?

The average renters insurance cost in Florida is $230 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium$230
Average monthly premium$19
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Best renters insurance company in Florida: Travelers

Among the carriers surveyed, Travelers is the best renters insurance company in Florida, with a top score and an average renters insurance rate of $166.

Nationwide and Security First Insurance are the other best insurance companies for renters insurance in Florida.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Florida, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Florida.

CompanyAverage annual premiumAM BestNAICInsurance.com rating
Travelers$166A++0.545
Nationwide$132A+0.875
Security First Insurance$171A0.884.77
Allstate$198A+0.94.75
State Farm$238A++0.954.67
Universal Insurance Holding$196A2.014.5
Citizens Property Insurance$344A0.254.22
FedNat Holding$203A4.924.03
HCI Group Inc$471A0.653.69
Progressive$258A+8.453.36
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Cheapest renters insurance in Florida

Nationwide is the cheapest renters insurance company in Florida, with an average annual premium of $132, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Florida and their average annual premiums.

Company nameAverage annual premium
Nationwide$132
Travelers$166
Security First Insurance$171
Universal Insurance Holding$196
Allstate$198
FedNat Holding$203
State Farm$238
Amer Integrity Ins Co of FL$249
Progressive$258
Citizens Property Insurance$344
HCI Group Inc$471
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Renters insurance calculator

Average renters insurance rates in Florida
Please enter valid zip code

Most & least expensive ZIP codes for renters insurance in Florida

ZIP codeCityHighest rate
33013Hialeah$405
33012Hialeah$401
33016Hialeah$401
33018Hialeah$401
ZIP codeCityLowest rate
34275Laurel$184
34223Englewood$184
33730St. Petersburg$185
33703St. Petersburg$185
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Florida renters insurance: The least and most expensive ZIP codes

Your location in Florida directly impacts the cost of renters insurance. The most expensive ZIP code in Florida is 33013, with an average annual premium of $405. This amount is $175 more than higher than the state average.

In contrast, the least expensive ZIP code for renters insurance is 34223, offering coverage at $184 a year.

The table below shows the most and least expensive ZIP codes in Florida for renters insurance.

Best home insurance companies in Texas
ZIP codeAverage annual rate
33013$405
33018$401
33014$394
33055$351
33169$344
33195$343
33137$342
33179$341
33181$340
33139$337
ZIP codeAverage annual rate
34223$184
33703$185
34134$186
32648$187
33756$189
33714$192
33772$193
32926$197
33922$205
34264$205

Renters insurance cost in Florida by city

In Florida, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

CityAnnual insurance premium
Cape Coral
$345
Fort Lauderdale
$538
Hialeah
$595
Jacksonville
$272
Miami
$629
Orlando
$273
Port St. Lucie
$427
St. Petersburg
$341
Tallahassee
$237
Tampa
$318
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How to save on renters insurance in Florida

There are several easy ways to lower the cost of renters insurance in Florida without losing necessary coverage:

  • Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
  • Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
  • Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
  • Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
  • Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Florida renters insurance

Do I need renters insurance in Florida?

You do not legally require renters insurance, but your landlord may require you to carry a policy as part of your lease agreement.

How much renters insurance do I need in Florida?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.

Compare Florida renters insurance rates with other states

Alabama
$310 /year
Alaska
$233 /year
Arizona
$237 /year
Arkansas
$346 /year
California
$253 /year
Colorado
$175 /year
Connecticut
$265 /year
Delaware
$170 /year
Georgia
$334 /year
Hawaii
$231 /year
Idaho
$169 /year
Illinois
$227 /year
Indiana
$249 /year
Iowa
$188 /year
Kansas
$238 /year
Kentucky
$193 /year
Louisiana
$472 /year
Maine
$174 /year
Maryland
$243 /year
Massachusetts
$244 /year
Michigan
$323 /year
Minnesota
$203 /year
Mississippi
$367 /year
Missouri
$210 /year
Montana
$256 /year
Nebraska
$266 /year
Nevada
$233 /year
New Hampshire
$160 /year
New Jersey
$190 /year
New Mexico
$191 /year
New York
$276 /year
North Carolina
$323 /year
North Dakota
$173 /year
Ohio
$231 /year
Oklahoma
$266 /year
Oregon
$266 /year
Pennsylvania
$249 /year
Rhode Island
$473 /year
South Carolina
$272 /year
South Dakota
$188 /year
Tennessee
$272 /year
Texas
$214 /year
Utah
$183 /year
Vermont
$166 /year
Virginia
$217 /year
Washington
$205 /year
Washington, D.C.
$260 /year
West Virginia
$231 /year
Wisconsin
$153 /year
Wyoming
$126 /year
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