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The Best Homeowners Insurance Companies in Florida

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    Best Florida Home Insurance Overview

    • Nationwide is Reviews.com’s pick for best home insurance company in Florida, earning a 4 out of 5 in our methodology.
    • The best Florida home insurance companies have strong customer satisfaction and financial stability ratings from J.D. Power and AM Best, respectively. 
    • State Farm, Travelers, Progressive, and Allstate are other top contenders for Florida’s best home insurance company.

    For all its beauty, Florida is a state that’s fraught with risk if you don’t protect yourself with the right cheap home insurance. Many homeowners are concerned with how to get cheap home and auto insurance, but price is not the only consideration when shopping for home insurance in the Sunshine State. Choosing a home insurance company that fits both your coverage needs and your budget is an important step in your financial planning process. 

    Reviews.com considered the latest ratings and customer reviews and analyzed coverage, pricing, and discount options for the largest insurance providers in Florida by market share. Our research offers an in-depth understanding of each home insurance company. Based on the latest data available, these are the best home insurance companies in Florida in 2021, along with our tips on how to get cheap home insurance for your situation.

    The 4 Best Home Insurance Companies in Florida

    • Allstate: Best Florida Home Insurance for New Homebuyers
    • Progressive: Best Florida Home Insurance for Online Tools
    • Travelers: Best Florida Home Insurance for New Homebuyers
    • State Farm: Best Florida Home Insurance for Alternative Coverage

    Compare the Best Florida Homeowners Insurance Companies

    Reviews.com Score Score is based on company’s customer experience, financial stability, and coverage options. J.D. Power Customer Satisfaction Score J.D. Power scores are based on surveys for customer satisfaction and product quality. AM Best Financial Strength Rating AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. Avg. Yearly Premium* Avg. Monthly Premium
    Pin Allstate3.8829A+$1,322.92$110.24 Show Details

    PROS

    • National homeowners insurance coverage
    • Multiple coverage options
    • Discounts available for policy bundles and green homes

    CONS

    • Below average claims and customer satisfaction
    • You might have to complete purchase over the phone
    Pin Progressive3.25797A+$1,240.17$103.35 Show Details

    PROS

    • Diverse discount opportunities
    • Informative website and digital tools
    • Above-average customer service

    CONS

    • NAIC complaint index high
    • Financial strength ratings good, but not great
    Pin Travelers3.2803A++$875.99 $ 73.00 Show Details

    PROS

    • Financially strong
    • Excellent web presence
    • 19,000+ agents nationally
    • Informative blog

    CONS

    • Limited discounts
    • Higher premiums
    Pin State Farm2.8829A++$1,702.98$141.92

    Information accurate as of July 2021

    *Data provided by Coverage.com

    **J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Allstate

    Allstate is a well-known company, and its coverage and discounts may be especially good for new homebuyers in Florida. The welcome, home buyer, and early signing discounts could be appealing to new homeowners. Allstate doesn’t skimp on coverage either, with unique endorsements like yard and garden coverage and electronic data recovery coverage.

    Allstate

    Best for New Homebuyers

    Why we chose it

    With more and more Americans flocking to sunny Florida each year, Allstate offers the discounts and coverage that new homebuyers might be interested in. If you’re building or buying a newly constructed home, the homebuyer discounts from Allstate might help you save money on your premium.
    • 3.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,322.92* Average Premium Pricing data comes from our partners at Coverage.com.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    With more and more Americans flocking to sunny Florida each year, Allstate offers the discounts and coverage that new homebuyers might be interested in. If you’re building or buying a newly constructed home, the homebuyer discounts from Allstate might help you save money on your premium.

    Pros

    • Optional manufactured/mobile home insurance
    • Flood insurance via the National Flood Insurance Program
    • HostAdvantage® coverage for home-sharing

    Cons

    • Limited add-on coverage options
    • Low customer satisfaction ratings
    • Among the more expensive providers
    Read More

    Available discounts

    • Multi-policy
    • Responsible payment
    • Claim-free
    • Welcome and loyalty
    • Homebuyer
    • Easy Pay Plan®
    • Protective device discount
    • Early signing discount

    Add-on Coverage

    • Personal umbrella policy
    • HostAdvantage®
    • Manufactured/mobile home insurance
    • Flood insurance

    More Allstate Insurance Reviews:

    Progressive

    If you like handling your insurance needs online, Progressive’s home insurance could be a good fit. The company’s HomeQuote Explorer allows you to see rates for several companies, which could save you time as you look for the cheapest home insurance that fits your needs. You might also save for signing up for paperless documents.

    Progressive

    Best for Online Tools

    Why we chose it

    With its HomeQuote Explorer tool, Progressive makes it easy to find quality coverage for your homeowners insurance and at a price you can afford.
    • 3.25 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,240.99* Average Premium Pricing data comes from our partners at Coverage.com.
    • 797** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    With its HomeQuote Explorer tool, Progressive makes it easy to find quality coverage for your homeowners insurance and at a price you can afford.

    Pros

    • Nationwide availability
    • Name Your Price® tool
    • Tons of discounts available

    Cons

    • Minimal add-on protections
    • Serves as an underwriter for third-party providers
    • Claims process can vary, depending on partner
    Read More

    Available Discounts

    • Bundle auto and home
    • Quote in advance
    • Alarm systems and safety device
    • New purchase
    • Documents by email
    • New home construction
    • Pay in full
    • Progressive contractor networks
    • Single deductible

    Add-on Coverage

    • Water back-up
    • Personal injury

    More Progressive Insurance Reviews:

    Travelers

    If you are looking for a highly-customizable policy, Travelers could be a great choice. The company offers more optional coverages than many of its competitors, including coverage for jewelry and valuable items, green home coverage and identity fraud coverage. The endorsements could allow you to tailor your policy to fit your unique needs.

    Travelers

    Best for Additional Coverage

    Why we chose it

    Although discounts are more limited here than other providers, Travelers could be a great pick when you need eco-friendly coverage for your home insurance.
    • 3.2 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $875.99* Average Premium Pricing data comes from our partners at Coverage.com.
    • 803** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    Although discounts are more limited here than other providers, Travelers could be a great pick when you need eco-friendly coverage for your home insurance.

    Pros

    • Significant bundling discount
    • Thorough online quoting tool for accuracy
    • Nationwide coverage

    Cons

    • Replacement coverage costs additional
    • Limited add-on protections
    • Fewer discounts than competitors
    Read More

    Available Discounts

    • Multi-policy
    • Homebuyer
    • Loss-free
    • Protective device
    • Green home

    Add-on Coverage

    • Contents replacement cost
    • Personal articles floater
    • Green home coverage
    • Home-sharing coverage

    More Travelers Insurance Reviews:

    State Farm

    State Farm is a household name, but the company’s average premiums in Florida are higher than the other carrier’s we’ve reviewed. However, State Farm offers peace of mind with its A++ AM Best financial strength rating. If you are looking to consolidate your insurance and banking products in one place, State Farm might be able to help. The company offers numerous insurance and financial products, all through its network of local agents.

    State Farm

    Best for Alternative Coverage

    Why we chose it

    With nationwide coverage and robust mobile tools, State Farm is an impressive company, but you’ll pay for that quality with higher premiums. You may want to ask State Farm how maintaining a safe home can save you money.
    • 2.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,702.98* Average Premium Pricing data comes from our partners at Coverage.com.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    With nationwide coverage and robust mobile tools, State Farm is an impressive company, but you’ll pay for that quality with higher premiums. You may want to ask State Farm how maintaining a safe home can save you money.

    Pros

    • Specializes in insurance for several property types
    • Comprehensive online quoting tool
    • Extensive mobile resources

    Cons

    • Higher premiums than competitors
    • May need to call for some policy types
    • Restricted discounts
    Read More

    Discounts available

    • Multiple line
    • Home alert protection
    • Roofing
    • Higher deductibles

    Add-on Coverage

    • Personal articles policy
    • Manufactured home insurance
    • Farm and ranch insurance
    • Flood insurance

    More State Farm Insurance Reviews:

    *Data provided by Coverage.com

    **J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Average Cost of Homeowners Insurance in Florida

    Florida is subject to many threats that can wreak havoc on your home. Its unique peninsula shape leaves it vulnerable to severe weather events, such as hurricanes, tornadoes, windstorms, and flooding. To account for these added risks, even cheap home insurance quotes in Florida are more expensive than in most other states. Therefore, getting quotes from multiple insurance providers could help you find the best price for the coverage that you need.

    Top 3 Cheapest Homeowners Insurance Companies in Florida 

    Home Insurance CompanyAverage Annual Premium
    Security First Ins Co$493.08
    Southern Farm Bureau$668.16
    Travelers$875.99

    Average Premium from Homeowners Insurance Companies in Florida

    Using Quadrant Information Services data from Coverage.com, we analyzed home insurance companies in the United States and compared the best homeowners insurance rates in Florida. We found that the average premium for home insurance in Florida is $1,465 per year. However, homeowners may be able to find cheap home insurance rates, like $875.99 a year with Travelers.

    These are sample rates and should be used for comparative purposes only. Your quotes may be different.

    The coverage limits in the methodology are as follows:

    • Coverage A, Dwelling: $200,000
    • Coverage B, Other Structures: $0
    • Coverage C, Personal Property: $100,000
    • Coverage D, Loss of Use: $40,000
    • Coverage E, Liability: $250,000
    • Coverage F, Medical Payments: $1,500

    The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

    Carrier  Yearly Average Premium  Monthly Average Premiums  
    Citizens Property Ins Corp $ 3,819.17 $318.26
    Heritage Ins Holdings Grp $ 2,367.94 $197.33
    Florida Peninsula Holdings Grp $ 2,123.12 $176.93
    HCI Grp Inc $ 1,902.34$158.53
    Bankers Ins Grp $ 1,744.19 $145.35
    Chubb $ 1,735.76$144.65
    State Farm $ 1,702.98$141.92
    American Integrity Ins Co of FL $ 1,702.08$141.84
    St Johns Ins Co Inc $ 1,673.93$139.49
    Allstate $ 1,322.92$110.24
    UNIVERSAL Ins CO Grp $ 1,252.50$104.38
    Progressive $ 1,240.17$103.35
    Tower Hill Ins Grp $ 1,203.18$100.27
    United Ins Holdings Grp $ 1,182.45$98.54
    Nationwide $ 1,128.64$94.05
    Armed Forces Ins Exch $ 1,081.31$90.11
    ARX Holding Corp Grp $987.85$82.32
    Travelers $875.99$73.00
    Southern Farm Bureau $668.16$55.68
    Security First Ins Co $493.08$41.09

    Source: Coverage.com

    Cost of Florida Home Insurance by Age of Home

    Age of Home (years)Sample Annual Premium 
    5$3,276
    20$3,971
    35$4,229
    50$4,276
    Average Across Ages$3,938

    Top 4 most expensive home insurance companies in Florida

    Home Insurance CompanyAverage Annual Premium
    Citizens Property$3,819.17
    Heritage Ins Holdings Grp$2,367.94
    Florida Peninsula Holdings Grp$2,123.12
    HCI Grp Inc$1,902.34

    Florida Home Insurance: What You Need to Know

    Living in Florida comes with numerous perks, including the state’s desirable subtropical climate, but it also comes with drawbacks. The peninsula is at risk for heavy rains and high winds — which can happen even outside of hurricane seasons — as well as sinkholes.

    Standard risks come with homeownership, such as theft, burglary, fire, or even a lightning strike. Your homeowners insurance may be able to help protect your finances from the aftermath of these disasters. Because Florida homes are at a relatively high risk for several natural disasters, as well as more standard causes of loss, talking to your agent about how your policy will respond to different situations could be helpful. Understanding how your policy works and what situations it covers could help you identify the need to purchase endorsements or additional policies to close coverage gaps.

    Flood insurance resources in Florida

    A standard home insurance policy does not include coverage for flood damage, which is relatively common in Florida. Instead, homeowners could purchase Florida flood insurance as either a separate policy. Flood coverage is occasionally offered as an endorsement added to an existing homeowners insurance policy.

    Some home insurance companies can help you purchase flood insurance separately through the National Flood Insurance Program (NFIP). This is a federal program managed by the Federal Emergency Management Administration (FEMA) and can help ensure that you have proper coverage based on where you live on FEMA’s Flood Map. Some companies also offer flood insurance outside of the NFIP-backed policies. Just like with home insurance, getting several flood insurance quotes could help you find the policy that works best for you. Working with a licensed agent might help you determine how much coverage you need.

    Florida Home Insurance FAQ

    Methodology

    We evaluated Florida home insurance companies based on availability, customer satisfaction, financial stability, and coverage to determine Reviews.com score and create our best home insurance reviews. To compare home insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:

    • Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
    • Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
    • Customer Satisfaction: With J.D. Power’s 2020 Home Insurance Satisfaction Study, we assigned a score to each company based on the rating it received.
    • Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
    • Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.

    About the Authors

    Cate Deventer

    Cate Deventer Insurance Editor

    Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.

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