Florida Homeowners Insurance

Shopping for homeowners insurance shouldn't be complicated. Compare rates by city and company below.

How to get cheap home insurance in Florida


Homeowners insurance may be optional, but it's important. It helps to protect your belongings in the event your house is damaged. Home insurance protects your dwelling and property from an array of calamities, such as theft, fire, vandalism, or wind damage.

Large gulfs exist in homeowners insurance rates from state to state. Home insurance costs in US states may differ depending on the number and cost homeowners policy claims filed statewide, and depend on the value of the belongings and structures covered by the policy.

The best way to acquire an affordable homeowners insurance policy in Florida is to shop around and compare rates from a variety of insurance companies. Learn typical homeowners insurance rates in Florida via the below breakdown. Remember: your home insurance rates will vary, depending on your coverage limits.


Homeowners insurance in Florida:
  1. By company
  2. By city
  3. Insurance bundling discounts


Home insurance prices in Florida by carrier

Rates for home insurance in Florida will vary depending on the insurance company you choose. Security First offers the most affordable home insurance in Florida, at just $535 per year. This compares favorably to the state mean rate of $2,133, providing a $1,598 discount on the state's average rate.

Start looking for cheap home insurance by viewing average rates from top Florida home insurance carriers, listed below.


HOMEOWNERS INSURANCE RATES IN FLORIDA: BY CARRIER
Insurance CompanyAverage Annual Rate in Florida
Security First$535.33
State Farm$740.31
ASI Preferred$1,332.77
Castle Key$1,351.38
Federal$1,481.92


Florida home insurance costs by city

Home insurance rates in Florida vary by city. Pricing may depend on local variables such as the number of claims filed in the immediate area, meaning your specific ZIP code impact how much you pay.

The cheapest home insurance rates in Florida are available in Spring Hill. A typical home insurance term in Spring Hill costs just $1,194 each year — $939 less than the statewide average. The below cities have the most affordable home insurance in Florida.


AFFORDABLE CITIES FOR HOME INSURANCE IN FLORIDA
CityAverage Annual Home Insurance Rate
Spring Hill$1,194.48
Gainesville$1,246.37
Tallahassee$1,292.44
Jacksonville$1,488.17
Palm Bay$1,564.89


Homeowners and auto insurance bundles in Florida

If you're trying to save, consider holding your home and auto policies with the same insurance company. Bundling homeowners and auto insurance in Florida can lead to substantial savings on your auto insurance policy. Bundling policies in Florida leads to a yearly discount of $85.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN FLORIDA
Avg. Annual Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,995.00$1,910.00$85.004%


A great way to save is to bundle your auto and homeowners insurance policies. Compare rates today!


Compare rates from top car insurance companies.

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Tornado insurance in Florida

Tornadoes can hit with very little warning. There isn't much one can do to get ready and the effects are usually catastrophic. Therefore, it's vital to protect your home against tornado damage in Florida, which averages 57 tornado events per year.*

Damage from tornadoes is typically caused by wind, so make sure your current homeowners policy includes windstorm protection, which is standard in most homeowners policies.

Wind protection provides coverage to a building's exterior and overall structure. Depending on your policy type, you may find that interior damage is only covered when it occurs as caused by exterior damage, like a tree branch breaking a window. Detached structures are also covered, normally about 10% of the home’s insured amount. It's important to remember that some losses brought about by the storm may not be covered. For instance, if the storm that produced the tornado also causes flooding that damages your home, your home won't be covered unless you've specifically purchased flood insurance.

*Source: NOAA'S National Weather Service (https://www.spc.noaa.gov/gis/svrgis/)

Hurricane insurance in Florida

Because hurricanes can cause calamitous damage and destroy properties altogether, insurance companies are reluctant to assume the full risk of hurricanes as a whole. If you live in Florida, you could face increased risk of suffering hurricane damage. In fact, 351,093 single-family residences are at extreme risk of hurricane damage in Florida.*

If you own a home near the coast, it's essential to confirm the details of your homeowners insurance policy since usually a basic policy won't be enough to cover hurricane damage — you would need to reinforce your policy with windstorm and flood insurance, which would work together to cover the damages. In some states, your insurer may make it compulsory to have a separate hurricane deductible if you live somewhere that's at high risk for hurricanes.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)

 

Does homeowners insurance cover flooding in Florida?

Flood damage — whether a byproduct of a downpour or a hurricane —is not covered by homeowners insurance policies. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer.

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceed these limits, consider purchasing a policy from a private company for additional protection.

Flood insurance is a necessity for many in Florida, which faced $17,024,301 in flood insurance claims in 2016, according to the Federal Emergency Management Agency.