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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 before you choose the best company for you, there is much to consider. 

    We considered the latest ratings and customer reviews, analyzing coverage, pricing, and discount options to offer an in-depth understanding of what cheap home insurance companies offer. Based on the latest data available, these are the best cheap home insurance companies in Florida in 2021, along with our tips on how to get cheap home insurance for your address.

    The 5 Best Home Insurance Companies in Florida

    • Nationwide: Best Florida Home Insurance for Replacement Coverage
    • Allstate: Best Florida Home Insurance for New Homebuyers
    • Progressive: Best Florida Home Insurance for Coverage Options
    • 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 Nationwide4808A+$1,128.64$94.05 Show Details

    PROS

    • Brand New Belongings policy
    • Wide range of discounts

    CONS

    • Mobile app not geared toward homeowners insurance
    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.

    Nationwide

    Best for Replacement Coverage

    Why we chose it

    Florida is often hit by severe weather, including strong wind and heavy rain, and Nationwide offers some of the best replacement coverage in the state in case the unthinkable happens.
    • 4 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,128.64 Average Premium Pricing data comes from our partners at Coverage.com.
    • 808* 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

    Florida is often hit by severe weather, including strong wind and heavy rain, and Nationwide offers some of the best replacement coverage in the state in case the unthinkable happens.

    Pros

    • Brand New Belongings® coverage
    • On Your Side® annual review
    • Law ordinance protection

    Cons

    • Limited customer support options
    • Low customer service ratings
    • Extra coverage options can get pricey
    Read More

    Discounts available

    • Multi-policy
    • Protective device
    • Claims-free
    • Home renovation credit
    • Roof rating
    • Home purchase
    • Prior insurance
    • Gated community

    Add-on Coverage

    • Better Roof Replacement®
    • Replacement cost plus
    • Flood insurance
    • Earthquake insurance
    • Valuables Plus

    More Nationwide Insurance Reviews:

    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

    Best for Coverage Options

    Why we chose it

    With its Name Your Price 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 Name Your Price 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

    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.
    • 893** 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

    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

    In 2020, Tampa’s suburbs saw a record-breaking sinkhole, which shed light on the risk of natural disasters that endanger Florida homes. Windstorm coverage and flood insurance are also things to consider when shopping for cheap home insurance companies in the Sunshine State, especially during hurricane season, which officially runs from June 1 through November 30 each year. 

    There are also the standard risks that come with homeownership, such as theft, burglary, fire, or even a lightning strike can also disrupt our daily lives. Your homeowners insurance can help protect your finances from the aftermath of these disasters. 

    Standard home insurance policies include coverage for home, outbuildings and detached structures, personal property and liability. Specifics about your policy can be found on your declaration page. Although home insurance is not required by law in Florida, a robust policy can be a smart purchase because of the risks the homeowners face in this state. Many mortgage companies do require you to carry home insurance on your home. That’s why it can be crucial to find cheap home and auto insurance quotes for your needs.

    Flood insurance resources in Florida

    With a peninsula state like Florida, there may be an increased need for flood insurance. A standard home insurance policy does not include coverage for flood damage. Instead, homeowners need to purchase Florida flood insurance as either a separate policy or an endorsement added to an existing policy. 

    If you need flood insurance for your home, you might want to ask your insurance provider whether it provides coverage as an endorsement or a separate policy. Some 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 all of the necessary coverage you need based on where you live on FEMA’s Flood Map. 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

    Lena Borrelli

    Lena Borrelli Contributing Writer

    Lena Borrelli is a freelance writer for Reviews.com. Over the last year, she has covered insurance, finance, and more. She has been featured in TIME with NextAdvisor, Bankrate, The Simple Dollar, MYMOVE, Million Mile Secrets, Coverage.com and more. My favorite article is “How to Invest in Real Estate During COVID?” on Reviews.com.

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