Expertise.com

The Best Homeowners Insurance in Florida [2023]

florida-hero-image

Find a top-ranked Homeowners Insurance Agency in your area

With year-round warm weather and beautiful beaches, it’s no wonder Florida has one of the fastest growing populations in the country. Although it’s affectionately known as the Sunshine State, new residents and prospective homebuyers should be prepared for natural disasters like hurricanes, tropical storms, and flooding.

If you own a home or are considering buying in Florida, it’s important to compare homeowners insurance rates and find the best coverage.

We at Expertise.com have analyzed a handful of homeowners insurance companies. We’ll uncover everything to know about homeowners insurance in Florida, and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Florida

The average cost of homeowners insurance in Florida is $3,643 per year according to Insurance.com. Despite the state’s relatively average cost of living, home insurance coverage costs Florida homeowners over 50% more than the national $2,305 average.

Florida policyholders pay some of the highest premiums in the country, largely due to the state’s hurricanes, tropical storms, flooding, and “extreme” levels of fraudulent claims. Still, homeowners insurance costs in Florida can differ vastly based on a few key factors:

  • The age of your home: Is your Florida home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Florida home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Since insurance deals with repairs and replacements, coverage increases with increased building costs.

  • Your location: How close are you to the water or the coastline? What are crime rates like? How close are you to a fire department? 

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Insurers take these things into account when assessing prices.

  • Your deductible: A higher deductible will decrease your premium, but could cost you more if you file a claim. Talk to your insurance provider about diminishing deductibles to get the best plan that suits your payment needs.

  • Your claims history: If you have a history of filing claims, insurers may charge you higher coverage costs. Alternatively, if you have no claims history you may be eligible for discounts or a claims-free deductible.

Florida Homeowners Insurance Rates by City

Florida is a large state, and the cost of your homeowners insurance policy can also vary greatly depending on where you live.

Below is a breakdown of the average annual rate by city:

Tallahassee

Gainesville

Jacksonville

Orlando

Port St. Lucie

Tampa

Miami

Hialeah

Fort Lauderdale

The Best Homeowners Insurance in Florida

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage in Florida:

Allstate logo

Allstate


Average Annual Rate: ~ $2,200

Notes: Customer-friendly rates and high customer satisfaction, but fewer policy choices

State Farm logo

State Farm


Average Annual Rate: ~ $2,500

Notes: High customer satisfaction, but fewer discount options

Nationwide logo

Nationwide


Average Annual Rate: ~$2,300

Notes: Good for new homeowners, offer a variety of policy customizations

Travelers logo

Travelers


Average Annual Rate: ~ $1,800

Notes: Most affordable option, unique discounts, but lower customer satisfaction 

Chubb logo

Chubb


Average Annual Rate: ~ $3,500

Notes: More expensive but more comprehensive coverage and outstanding customer service

American Family Insurance

American Family


Average Annual Rate: ~$2,900

Notes: Good for special discounts and online comparison tools, but pedestrian customer satisfaction

Cheapest Homeowners Insurance in Florida

The cheapest homeowners insurance coverage in Florida is Travelers for a policy with $300,000 in dwelling and liability coverage, with a $1,000 deductible. 

It’s important to remember that prices vary depending on each person’s unique scenario, but if cost is the most important variable for you, check Travelers’ coverage options in Florida first.

Find a top-ranked Homeowners Insurance Agency in your area

FAQs

Below, we answer some common questions to help you make a more informed decision about which homeowners insurance to choose in Florida. 

How to Reduce Homeowners Insurance Costs in Florida

As we’ve discussed, the price of your homeowners insurance coverage can vary substantially across the insurance industry.

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it could mean paying more out of pocket if you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will lower monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save around 15% on your premiums in Florida. Be sure to speak with your insurance provider about how home and car insurance bundling options can help you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Install impact-resistant windows.

    • Get a burglar alarm and/or deadbolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. A lender may look at your credit history and charge less if you show good financial strength and standing.

As always, consult a local agent to see which of the above discounts you qualify for.

Florida Insurance Options In Your City

At Expertise.com, our goal is to connect Florida residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the 18 best homeowners insurance agencies here

Learn more about the best homeowners insurance options in your respective Florida city below:

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.