The Best Flood Insurance Companies

If you are thinking of purchasing flood insurance, we have rounded up some of the best flood insurance companies available today. We have chosen each insurance company based on its coverage, discounts available, ratings, price, and customer satisfaction.

Flood risk is widespread and coverage remains limited nationwide. Recent consumer polling shows about 12% of U.S. homeowners report having a separate flood policy (Insurance Information Institute). Administrative data indicate roughly 4.7–4.8 million NFIP policies are in force nationally in 2025, and take‑up is highly uneven: around 30% in FEMA Special Flood Hazard Areas versus roughly 1–2% outside, per FEMA’s take‑up rate dataset. For broader market context, the private flood segment has grown and now accounts for a meaningful minority of total flood premium (U.S. Treasury FIO 2024). You can also review background facts from the Insurance Information Institute. 

The 8 Best Flood Insurance Companies

• Liberty Mutual: Best for Policy Discounts
• State Farm: Best for Online Quotes
• Allstate: Best for Policy Customization
• Metlife: Best for Guaranteed Replacements 
• GEICO: Best for Customer Satisfaction
• Assurant: Best for Excess Coverage
• USAA: Best for Military Members
• Amica: Best for Money-back Dividends

* Table information is summarized for convenience; verify current details using the 2024 J.D. Power Property Claims study, the NAIC Consumer Insurance Search, and each carrier’s public ratings disclosures (2025).

Liberty Mutual

Best for Policy Discounts

Liberty Mutual

Liberty Mutual

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Liberty Mutual offers homeowners and can place NFIP or private flood coverage depending on your address and risk profile. NFIP policies have standardized terms and limits, while private flood can add features like higher limits or additional living expense. Industry research finds claim cycle time and communication are key to satisfaction in property claims; overall sector results stabilized in 2024 (J.D. Power).

To learn more, read our review of Liberty Mutual.

• AM Best: Confirm current Financial Strength on the insurer’s ratings page; major national carriers generally hold A–A+ level FSRs
• J.D. Power: See 2024 Property Claims Satisfaction Study
• Standard & Poor: Verify current insurer financial strength on the carrier’s site
• Moody’s: Verify on the carrier/agency site
• BBB Rating: See company BBB profile (varies by state)

State Farm

Best for Online Quotes

State Farm

State Farm

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State Farm is a national leader with broad agent distribution and online tools that make quoting straightforward. For flood, agents can place NFIP coverage or, in some locations, private flood alternatives. Sector research shows digital self‑service and clear communication are differentiators in claims, with satisfaction stabilizing in 2024 (J.D. Power). Always review state‑level complaints via the NAIC Consumer Insurance Search before you buy.

For more details, read our full review of State Farm.

• AM Best: A++ (Superior) per company disclosure (State Farm financial strength)
• J.D. Power: See 2024 Property Claims
• Standard & Poor: Verify on the insurer’s ratings page
• Moody’s: Verify on the insurer/agency site
• BBB Rating: Check BBB profile for your location

Allstate

Best for Policy Customization

Allstate

Allstate

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Allstate offers national access and customization via endorsements and separate policies. Flood protection can be arranged through the NFIP (standardized terms) or private flood options where available. Because complaint experience varies by state and product, it’s smart to review your state’s recent complaint index before binding (NAIC Consumer Insurance Search).

Read our full review of Allstate for more info.

• AM Best: Verify current Financial Strength on the insurer’s ratings page
• J.D. Power: See 2024 Property Claims
• Standard & Poor: Confirm current rating on the insurer/agency site
• Moody’s: Verify on the insurer/agency site
• BBB Rating: See company BBB profile

Metlife

Best for Guaranteed Replacements

MetLife

MetLife

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Brand update: MetLife’s U.S. property & casualty business (including home) was acquired and rebranded under Farmers. New home and flood placements are typically serviced by Farmers agents and partners. For flood needs, you can secure NFIP coverage (standard $250,000 building/$100,000 contents limits for 1–4 family homes) or explore private flood for higher limits and added features (NFIP cost and coverage).

• AM Best: See current ratings on the active carrier’s (Farmers) ratings page
• J.D. Power: See 2024 Property Claims
• Standard & Poor: Verify on the active carrier’s site
• Moody’s: Verify on the active carrier’s site
• BBB Rating: See current BBB profile for the active brand in your state

GEICO

Best for Customer Satisfaction

Geico

Geico Homeowners Insurance

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GEICO can facilitate NFIP flood policies and, in some areas, access to private flood coverage. To help manage costs on bundled policies, many carriers offer savings for home security, paperless billing, or multi‑policy bundles. Private flood has expanded in recent years, giving more choice alongside the NFIP (NAIC CIPR).

Read our full review of GEICO to learn more.

• AM Best: Verify current Financial Strength on the insurer’s ratings page
• J.D. Power: See 2024 Property Claims
• Standard & Poor: Confirm on the insurer/agency site
• Moody’s: Confirm on the insurer/agency site
• BBB Rating: See company BBB profile

Assurant

Best for Excess Coverage

Assurant

Assurant

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Assurant supports both NFIP placement and private/excess flood options in many markets. Private flood’s growth is supported by better modeling and broader lender acceptance, giving consumers alternatives when they need higher limits or features like ALE (NAIC; FIO 2024).

• AM Best: Confirm current rating on the insurer’s site
• J.D. Power: Not rank‑eligible for many studies; see 2024 Property Claims for market context
• Standard & Poor: Verify current rating
• Moody’s: Verify on insurer/agency site
• BBB Rating: See company BBB profile

USAA

Best for Military Members

USAA

USAA

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USAA serves eligible military members and families, with strong financial strength and service indicators. Flood coverage can be placed through the NFIP or via private flood where available. NFIP pricing now uses Risk Rating 2.0, which varies premiums by property‑specific risk rather than broad zones (CRS NFIP overview).

Read the full review of USAA to get all the details.

• AM Best: A++ (Superior) per company disclosure (USAA financial strength)
• J.D. Power: Often scores highly but not rank‑eligible due to membership limits; see 2024 Property Claims
• Standard & Poor: Verify on the company’s ratings page
• Moody’s: Verify on the company’s ratings page
• BBB Rating: See BBB profile

Amica

Best for Money-back Dividends

Amica

Amica

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Amica is known for strong service and dividend policy options on certain home policies. For flood, Amica can place NFIP coverage and may offer private flood solutions through partners where available. As with any insurer, check state‑specific complaint experience before purchase (NAIC Consumer Insurance Search).

If you’d like to read more about this unique provider, read our full review of Amica.

• AM Best: Verify current Financial Strength on the insurer’s ratings page
• J.D. Power: See 2024 Property Claims
• Standard & Poor: N/A
• Moody’s: N/A
• BBB Rating: See BBB profile

How We Chose the Best Flood Insurance Companies

We emphasized financial strength (e.g., AM Best disclosures such as State Farm A++ and USAA A++), recent customer experience research (J.D. Power 2024 Property Claims), complaint context by state (NAIC Consumer Insurance Search), and availability/value of NFIP vs. private flood options (CRS NFIP overview; FIO 2024).

How Flood Insurance works

Most homeowners insurance excludes flood. Flood insurance is separate and covers direct physical loss by flood as defined in the Standard Flood Insurance Policy (SFIP) or in a private flood contract (NFIP what is covered).

Most residential policies are placed through the National Flood Insurance Program (NFIP). Under NFIP limits for one‑to‑four family residences, you can insure up to $250,000 for the building and up to $100,000 for contents; other residential and non‑residential buildings have higher building limits per statute (NFIP cost and coverage; 42 U.S.C. §4013).

Key NFIP features and limitations: there is a standard 30‑day waiting period before coverage takes effect (exceptions apply), additional living expenses are excluded, and basement coverage is limited to specified items. Increased Cost of Compliance (ICC) can provide up to $30,000 toward eligible mitigation after substantial damage (NFIP waiting period; coverage summary; ICC).

Do You Need Flood Insurance?

Coverage gaps remain large: only about 12% of homeowners report having flood insurance, ~4.7–4.8 million NFIP policies are in force, and take‑up averages ~30% in high‑risk SFHAs vs ~1–2% elsewhere (Triple‑I 2024; OpenFEMA policies in force; FEMA take‑up rate). Many U.S. flood claims arise outside mapped high‑risk zones, which surprises uninsured households.

Looking ahead, coastal and inland flood pressures are expected to intensify. NOAA projects about 10–12 inches of additional U.S. sea‑level rise by 2050 (relative to 2000), driving a several‑fold increase in high‑tide flooding frequency at many sites (NOAA technical guidance). Global assessments also report frequent, costly flood disasters in recent years (Munich Re nat cat review).

Who Should Get Flood Insurance?

• You live in a flood-prone area. Lenders typically require flood insurance in SFHAs for federally backed/regulated mortgages. Even outside SFHAs, consider coverage given low take‑up and persistent risk (FEMA take‑up).
• If your home is worth more than the NFIP limit. NFIP caps for a 1–4 family home are $250,000 building and $100,000 contents; consider private or excess flood for higher limits (NFIP limits).
• Those who would struggle to pay for damages. Floods are among the most frequent and disruptive disasters; insurance can provide essential liquidity after an event (CRED/UNDRR).
• Those whose homeowners insurance doesn’t cover floods. Standard home policies exclude flood; verify your coverage and add NFIP or private flood as needed (NFIP coverage).

Shopping For Flood Insurance

When shopping for flood insurance, these are some of the things you should consider with your flood insurance policy:

• Building coverage limit: How much flood insurance do I need? The NFIP cap is $250,000 for a 1–4 family residence; other residential and non‑residential buildings can be insured up to $500,000. If your reconstruction cost exceeds these limits, compare private or excess flood options (NFIP cost & coverage; 42 U.S.C. §4013). 
• Contents coverage: NFIP offers up to $100,000 for contents in a 1–4 family residence. Building and contents have separate limits and deductibles (What is covered).
• Loss of use coverage: The NFIP does not cover Additional Living Expenses (ALE). If you want coverage for temporary housing after a covered flood, compare private flood policies that may include ALE or offer it as an add‑on. 
• Replacement costs: NFIP building losses for a single‑family primary residence may be settled at replacement cost if insured to at least 80% of replacement cost or to the maximum available limit; contents are paid at actual cash value under the SFIP (SFIP).
• Waiting period and timing: NFIP coverage typically starts after a 30‑day waiting period (exceptions for certain loan transactions and recent map changes). Private policies may differ—confirm before storms (NFIP waiting period).
• Use Elevation Certificates and documentation: Elevation Certificates aren’t required for NFIP Risk Rating 2.0, but if favorable, submitting one may help the premium. Provide accurate first‑floor height, foundation type, and photos (NFIP RR2.0 guidance).
• Community Rating System (CRS) discounts: If your community participates in CRS, you may receive up to a 45% discount on NFIP premiums. Ask your agent or community official about your CRS class (FEMA CRS).
• Mitigation and ICC: Consider elevating utilities, adding flood vents, or installing backflow valves. NFIP’s ICC can contribute up to $30,000 toward eligible mitigation after qualifying damage (ICC).
• Verify lender acceptance: If flood insurance is required, ensure any private policy meets lender/regulatory standards; your lender/agent can confirm (NAIC consumer guidance).

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