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 Allstate | 3.8 | 829 | A+ | $1,322.92 | $110.24 | Show Details PROS
CONS
|
| Pin Progressive | 3.25 | 797 | A+ | $1,240.17 | $103.35 | Show Details PROS
CONS
|
| Pin Travelers | 3.2 | 803 | A++ | $875.99 | $ 73.00 | Show Details PROS
CONS
|
| Pin State Farm | 2.8 | 829 | A++ | $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.
Best for New Homebuyers
Why we chose it
Why we chose it
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
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.
Best for Online Tools
Why we chose it
Why we chose it
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
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.
Best for Additional Coverage
Why we chose it
Why we chose it
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
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.
Best for Alternative Coverage
Why we chose it
Why we chose it
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
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 Company | Average 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 Company | Average 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 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.
