Florida Homeowners Insurance

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

How to get affordable home insurance in Florida


Home insurance is an optional — but important — product that works to keep your belongings safe in the event your home suffers damage from common incidents. A home insurance policy protects your dwelling, attached buildings, and personal property from a variety of misfortunes, such as wind damage, fire, theft, vandalism, and more.

Unlike car insurance, home insurance is not priced based on state-level laws. Even so, serious differences emerge in homeowners insurance rates on a state-by-state basis. Homeowners insurance costs by state vary depending on the value of — and total number of — home policy claims in that state, and depend on the value of the belongings and property you're covering.

The best way to acquire cheap home insurance in Florida is to shop around and compare rates from multiple companies. Find out average home insurance rates in Florida via the below breakdown. Individual rates may vary depending on coverage options and the value of the dwelling being insured.


Florida home insurance:
  1. Rates by company
  2. Homeowners rates by city
  3. Bundling
  4. FAQs

Homeowners insurance prices in Florida by insurance company

Rates for homeowners insurance in Florida differ depending on which insurance company you select. Security First offers the most affordable home insurance in Florida — $535 per year. This compares favorably to the state average rate of $2,133, offering a $1,598 discount on average statewide homeowners insurance costs.

Start searching for a home insurance policy by reviewing the cheapest Florida companies, listed below.


CHEAPEST HOME INSURANCE COMPANIES IN FLORIDA
CompanyAverage 12-Month 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 homeowners insurance costs: by city

Not all Florida cities have equal homeowners insurance rates. Pricing depends on city-specific variables like the number of claims filed nearby, meaning your ZIP code could have a major impact on how much you pay.

The most affordable home insurance in Florida is found in Spring Hill. In Spring Hill, the typical home insurance policy costs $1,194 each year — $939 less than the statewide average. Reference the below table to see the cheapest cities in Florida for home insurance.


CHEAPEST HOME INSURANCE CITIES 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

Tip: bundle home and auto insurance in Florida

If you want to save, consider purchasing both your homeowners and auto insurance policies from one company. Bundling auto and home insurance in Florida can save you a substantial sum each month on your auto insurance policy. Bundling home and auto policies in Florida results in average annual savings of $85.


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

One of the best ways to save on auto insurance is bundling. Start shopping today!


Seeking insights on homeowners insurance in a particular city? Check out our analysis of large Florida cities:

  1. Hialeah
  2. Jacksonville
  3. Miami
  4. Orlando
  5. St. Petersburg
  6. Tampa

Florida homeowners insurance FAQs


Does USAA insure homes in Florida?

If you're a military member or family, you're able to buy home insurance from USAA.

Why is home insurance so expensive in Florida?

Given the propensity for extreme weather events, Florida is a very risk state to sell insurance in. As such, many providers will charge higher rates to offset the risk of insuring properties ther.e

How long does a home insurance claim take in Florida?

This varies by your company and specifics of the claim.


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.


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