Best and Cheapest Home Insurance in Florida (2021)

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Introduction

Whether you’re a lifelong local or a wintertime snowbird, protecting your investment in Floridian property is incredibly important when you consider the natural disasters Mother Nature throws at the Sunshine State. With frequent hurricanes and flooding, proper home insurance coverage is a vital part of protecting your property in Florida. Read on to figure out the best coverage for your Florida property, protecting your investment, your belongings, and your family.

Buying a home is stressful enough—don’t let insuring it get in the way of enjoying your new property.

Insurify can help you get the best homeowners insurance in your area in just a few minutes, no matter your background, profile, or insurance needs.

How to Get Affordable Home Insurance in Florida

Buying a home may be one of the largest financial investments of your lifetime. With that investment, inevitably, comes risk. However, there are steps homeowners can take to minimize risk and protect their investment, including finding the right home insurance policy. 

The first step to protecting your property is homeowners insurance. Though not required by law, home insurance provides financial liability for your property and belongings from natural disasters or theft. Different coverage levels are available for different property types, locations, and other factors. 

Keep reading for a full guide on Florida home insurance.

Homeowners Insurance Quotes in Florida by Company

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.

The price of homeowners insurance varies greatly from city to city. The following quotes are general estimates of annual home insurance premiums throughout Florida. The following home insurance companies offer different coverage levels. Some insurance carriers even offer bundling options for your home and auto insurance. 

As of 2021, the average home insurance premium in Florida costs $1,410 annually, and the median home value is $252,309. 

That's a pretty penny. How can you be expected to pay all of these costs (vital as they are) and still provide for you and your family? 

Insurify allows homeowners to compare quotes from numerous homeowners insurance companies simultaneously.

Average Annual Homeowners Insurance Premium in Florida by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

  • Pre-2001 Construction Without Wind Mitigation $150,000 Coverage
  • Pre-2001 Construction With Wind Mitigation $150,000 Coverage
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Home Insurance Rates in Florida by City

Like property costs, home insurance varies in price from city to city. Pricing is determined on ZIP code-specific variables such as the volume of claims filed nearby, crime rates, property costs, and risk variables such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums.

Buying and insuring a home comes with loads of unexpected costs and new living expenses. How can you be expected to pay all of these costs—vital as they are—and still provide for you and your family?

Homeowners insurance rates aren’t designed with savings in mind. That’s where Insurify comes in.

Rates in Florida can be relatively high or low compared to the national average—it all depends on which town you live in, though, overall, Florida has some of the most expensive real estate in the country. Here are the most and least expensive ZIP codes in Florida to buy and insure a home. Average rates within these ZIP codes tend to increase relative to property cost. In wildfire- or earthquake-prone areas, rates are often higher.

CityMedian Home Price
Fisher Island$4,267,962
Coral Gables$3,603,721
Miami Beach$3,029,308
Jacksonville$152,300
Palm Coast$229,818
Cape Coral$232,309

What Does Home Insurance Cover in Florida?

There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:

HO-1: Basic
HO-2: Broad Form
HO-3: Special Form
HO-4: Tenant’s Form
HO-5: Comprehensive
HO-6: Condo Form
HO-7: Mobile Home Form
HO-8: Older Home

Mobile Home Coverage in Florida

HO-7 type coverage is the best option for mobile homeowners. Even though home insurance, in general, is not mandatory in the state, mortgage lenders will require some sort of proof of insurance as a prerequisite to a loan.

Similar to traditional home insurance, mobile home insurance protects your investment from a plethora of risks, including dwelling coverage, personal property, and liability protection in case of an accident or natural disaster. Mobile home coverage levels can be higher than those of a traditional home, likely because mobile homes are more susceptible to damage in times of storms or other circumstances. Depending on the level of coverage you choose when insuring your mobile home, your annual premiums may fluctuate.

Natural Disasters and Home Insurance Coverage in Florida

As Florida residents know all too well, natural disasters can be catastrophic to family’s property and livelihoods. In the so-called Sunshine State especially, homeowners and renters alike face floods and hurricanes each season. Wind damage? Flood damage? Hurricane damage? Hurricane deductibles?! What’s covered and what’s not when it comes to homeowners policies and natural disasters in Florida? When it comes to property damage due to uncontrollable circumstances, your level of coverage will determine how much your property is actually protected through your policy. 

With such risk, home insurance providers often charge higher premiums to cover potential disasters like the recent Hurricane Irma. That being said, with the right tools, you may still be able to find competitive home insurance rates in your area. To compare the best homeowners insurance companies, use Insurify to compare home insurance quotes all in one place.

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Special Home Insurance Situations in Florida

Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Florida.

Cheapest Home Insurance for Houses Near the Coastline in Florida

Beachside living is wonderful. But the risk a nearby coastline may present to your home could end up increasing your home insurnace rates. The closer you are to the shore, the more at risk your property is to flooding. This will be reflected in your homeowners insurance rate.

Insurance CompanyAverage Annual Premium
Nationwide$822
State Farm$1,021
United P&C$1,187
ASI$953

Cheapest Home Insurance for Houses With Swimming Pools in Florida

Swimming pools fall under a category called attractive nuisances. Sure, they offer a fun way to cool off during warm summer months, but they also pose a major injury risk. For that reason, having a swimming pool in your yard could increase rates.

Insurance CompanyAverage Annual Premium
American Integrity$947
Bankers Insurance$1,379
Florida Farm Bureau$433
Homeowners Choice$1,525

Enjoy the Sunshine State even more knowing your Florida property is protected from anything life may throw it's way.

How to Find the Cheapest Home Insurance in Florida

Just like groceries or clothes shopping, you can find a good bargain on home insurance without sacrificing sufficient coverage to protect your property investment. Protect your home from water damage to burglars, and everything in between. With a little research and the right tools, you’ll be on your way to big savings.

Use Insurify to compare free quotes for home insurance premiums for your property in Florida.

Florida Homeowners Insurance FAQ

Why is home insurance so expensive in Florida?

Due to the increased commonality of natural disasters involving high winds and flooding, Florida has higher-than-average home insurance premiums. When insurance companies take on increased risk, as they do in flood-prone areas of Florida, they increase their chances of needing to pay-out customers when disaster strikes. There are ways, though, that you can cut home insurance costs, even if you live on the water. Different levels of liability insurance, including property insurance and personal liability levels may make Use Insurify to compare premiums in your area.

Does USAA insure homes in Florida?

Yes, USAA insures home in Florida. However, policyholders must be active military members, veterans, or the family members of those in the armed forces.

How long does a home insurance claim take in Florida?

Short answer: it depends. Of course, in times of crisis, like hurricanes or flooding, many of your neighbors will also be filing claims with their insurance companies, crowding the systems, and slowing down the claims process. The amount of time it takes to file a claim in Florida will vary from case to case. To find the best home insurance companies in your area, use insurify to compare reviews and quotes.