5 Best Fort Lauderdale Homeowners Insurance Companies (2025)
State Farm and Chubb offer some of the best homeowners insurance policies in Fort Lauderdale, Florida.
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Written byCharlie Hope D'Anieri
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Charlie Hope D'Anieri
Charlie Hope D’Anieri is an experienced copywriter, researcher, and journalist. He has written about business formation and home and auto insurance for several years and covered agriculture and politics for outlets including The Guardian, The New Republic, and many others. A graduate of Middlebury College, he also holds a master’s degree in English Language & Literature from The University of Maryland-College Park.
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Edited bySarah Archambault
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Experienced personal finance writer
Background working with banks and insurance companies
Sarah enjoys helping people find smarter ways to spend their money. She covers auto financing, banking, credit cards, credit health, insurance, and personal loans.
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Table of contents
Known for its scenic beaches and waterways, Fort Lauderdale, Florida, has faced major issues with storm surges, high winds, and inland flooding.[1] The city is prone to hurricanes, and in 2017, Hurricane Irma caused tens of billions in damage.[2]
As a result, homeowners insurance in Fort Lauderdale tends to be quite expensive. On average, homeowners pay $17,112 per year — much higher than the state average. Plus, homeowners will likely need to purchase separate flood insurance policies, as standard homeowners insurance policies don’t cover flood damage.
Quick Facts
Fort Lauderdale homeowners pay $1,426 per month for insurance, about seven times higher than the national average.
Insurance in Florida and Fort Lauderdale is expensive in part because several insurers have pulled out of the state, resulting in fewer options. The state also faces considerable severe weather risks.
Florida homeowners can buy flood insurance through private companies or the National Flood Insurance Program (NFIP).
Best home insurance companies in Fort Lauderdale
Residents of Fort Lauderdale have several insurers to choose from. As you begin your search, consider these top insurers that could be good options based on your unique needs.
Citizens Property Insurance Corporation: Best for people who don’t qualify for other coverage
For homeowners who’ve been unable to get coverage on the private market, Citizens Property Insurance is a state-run, not-for-profit insurer that may help. Through Citizens, homeowners can purchase policies that cover their structures, personal property, personal liability, and medical payments.
Under the Citizens depopulation program, other insurers can offer coverage to Citizens policyholders. If the new premium is no more than 20% higher than their Citizens premium at renewal, the program will automatically enroll the policyholder in the new private policy.[3]
Pros
Insures homes that other companies won’t
Wind-only policies available
Optional add-on protections
Cons
Flood insurance not available
More expensive than some other insurers
Surcharges may apply if Citizens has inadequate funds
State Farm: Best for cheaper rates
State FarmCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $383/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $533/mo |
Homeowners insurance in Fort Lauderdale is expensive, but State Farm offers lower-than-average rates. The insurer also has several discounts that homeowners can use to save money on insurance, such as wind-mitigation and home security discounts.
You can also qualify for multi-policy discounts if you bundle your homeowners insurance policy with life insurance or condo insurance.
Pros
Multiple discounts available
Lower-than-average premiums
Large network of agents
Cons
Online quotes not available for Fort Lauderdale residents
No flood or stand-alone wind-mitigation policies
Policies only sold through agents
Chubb: Best for high-value homes
ChubbCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $749/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $1,223/mo |
Properties in Fort Lauderdale are often more expensive than properties in other parts of the state. The median value of owner-occupied units within the city was $455,600 as of 2023, about 40% higher than the state median, according to U.S. Census Bureau data.[4]
With so many high-value homes in the city, Chubb can be a good option. It specializes in covering higher-value properties.
Pros
Top rated for customer satisfaction by J.D. Power
Flood insurance available
Replacement cost coverage available
Cons
Higher-than-average rates
Online quotes not available for most Florida homeowners
Fewer customization options
Armed Forces Insurance: Best for military families
About 1.5 million veterans live in Florida. Armed Forces Insurance (AFI) provides home insurance to veterans, active-duty military personnel, and their families. While its AM Best financial strength rating of B++ (Good) isn’t stellar, Insurify data shows that AFI offers lower-than-average premiums in Fort Lauderdale.
For budget-minded military families, exclusive access to AFI home insurance with policies and discounts tailored to their situation could be a great choice for Fort Lauderdale home insurance.
Pros
Low premiums in Fort Lauderdale
Discounts for wind mitigation
Work with a dedicated agent
Cons
Unimpressive financial strength rating
High number of complaints with National Association of Insurance Commissioners (NAIC)
Available only to active-duty military, veterans, and immediate family members
Security First Insurance: Best for hurricane and storm coverage
Many insurance companies have stopped insuring Florida homes, but Security First remains committed to offering coverage with relatively low rates in Fort Lauderdale. Homeowners policies are customizable and include separate deductibles for hurricanes, water, roof, and all other perils.
Discounts are also available for members of the military and first responders, and some homeowners may qualify for disappearing deductibles.
Pros
Low premiums in Fort Lauderdale
Low number of complaints with the NAIC
Flexible coverage options
Cons
No AM Best financial strength rating
Many Better Business Bureau (BBB) complaints
Available only in Florida
Our editorial team analyzed regional and national home insurance companies that sell policies in Fort Lauderdale to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Fort Lauderdale?
On average, a homeowners insurance policy in Fort Lauderdale costs $17,112 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. That’s much higher than the average cost of homeowners insurance in Florida, where home insurance is already the most expensive in the U.S.
Your premiums may vary based on the following factors:
Home price
Properties in Fort Lauderdale tend to cost more than the state average, and higher-value homes cost more to insure.
Age of house
Older properties are usually more expensive to insure. Newer homes that meet modern building standards are usually cheaper.
Type of construction
Frame houses tend to be more costly to insure than brick homes.
Amount of coverage
How much coverage you choose — and whether you opt for a replacement cost or actual cash value policy — affects your premiums.
Deductible amount
The higher the deductible, the lower your premium will be.
Fire safety access
Your home’s proximity to fire hydrants and local fire departments determines your home’s fire safety class.
Cheapest home insurance companies in Fort Lauderdale
Below, you can see which companies offer the cheapest home insurance in Fort Lauderdale.
Insurance Company  | Average Annual Premium |
|---|---|
| Allstate | $22,196 |
| American Integrity Insurance of Florida | $10,797 |
| Armed Forces Insurance Exchange | $6,710 |
| ASI | $9,306 |
| Bankers Insurance Group | $11,271 |
| Chubb | $29,480 |
| Citizens Property Insurance Corporation | $27,898 |
| Florida Farm Bureau Group | $54,980 |
| Florida Peninsula Insurance | $11,332 |
| HCI Group Incorporated | $12,653 |
| Heritage Insurance Holdings | $14,262 |
| Nationwide | $5,209 |
| People’s Trust Insurance Company | $22,255 |
| Security First Insurance | $5,552 |
| State Farm | $4,970 |
| Tower Hill Group | $15,991 |
| Universal P&C Insurance Company | $26,047 |
The state of home insurance in Florida
Florida’s home insurance market is in a state of crisis, with many insurance companies scaling back underwriting or exiting the state entirely. Policy non-renewals are common, and 70% of Florida homeowners have experienced rising rates or coverage changes.
Florida home insurance rates are higher than those of any other U.S. state. Since Hurricane Ian struck Florida in 2022, premiums have skyrocketed, increasing by 40%, on average. Premiums in the state are expected to continue to increase to over $15,000 by the end of 2025, according to an Insurify report.
But it’s not just hurricanes that raised home insurance prices. Rising building costs, tariffs, and inflation are also contributing factors.
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How much homeowners insurance do you need in Fort Lauderdale?
Consider the following components of a standard home insurance policy to determine how much homeowners insurance you need for your Fort Lauderdale residence:
Dwelling coverage pays to repair or rebuild your home’s structure, along with attached structures, like a garage or deck. To determine how much dwelling coverage you need, multiply the total square footage of your property by the Fort Lauderdale per-square-foot building costs.
Personal property insurance protects your personal belongings — like clothing, electronics, and furniture — after theft or damage from a covered event. Conduct a home inventory to calculate the amount of coverage you need.
Liability insurance provides financial protection when someone is injured on your property. It can help cover legal fees and damages — potentially saving you thousands of dollars in out-of-pocket costs.
Additional living expenses (ALE) coverage, sometimes called loss of use coverage, helps pay for temporary living expenses, like hotel accommodations and meals, if you can’t live in your home following a covered loss.
Good to Know
Some types of homeowners insurance coverage amounts are simple to calculate. But it’s generally a good idea to check with your insurance company, agent, or mortgage lender to determine exactly how much coverage is required.
What to know about home insurance in Fort Lauderdale, FL
If you live in Fort Lauderdale, getting a homeowners insurance policy can be a significant investment, but it’s a critical one. Although premiums tend to be high, having adequate coverage is crucial, as properties within the city are at an increased risk of damage from storms and hurricanes.
While homeowners insurance provides protection against hurricane-related damage, such as wrecked roofs or windows, standard homeowners insurance policies don’t include flood damage. As a result, you’ll likely need to purchase a separate flood insurance policy from the NFIP or a private insurer.
Home insurance coverage for hurricanes and flooding
Hurricanes, windstorms, and floods pose a serious risk for Fort Lauderdale homeowners. It’s essential that you carry adequate protection. Standard Florida home insurance typically covers hurricane damage and comes with a separate hurricane deductible for hurricane-related damage.[5]
Most Florida homeowners policies don’t cover flood damage, even if it’s from a storm surge. A separate flood insurance policy — either from the NFIP or a private insurer — offers added protection for homes in areas prone to flooding.[6]
How to get home insurance in Fort Lauderdale
Follow these steps to buy home insurance in Fort Lauderdale:
Determine your ideal insurance amount. Run the numbers to figure out how much home insurance you’ll need. It’s important to consider a standard policy plus any additional coverages, like flood insurance and guaranteed replacement cost coverage.
Choose your deductible. A deductible is the amount you’re responsible for paying out of pocket before your insurance policy kicks in. In Florida, you may also have a separate hurricane deductible. A higher deductible can help you save on your premium. Just be sure you can afford it if you ever have to file a claim.
Document property details. Gather key information about your home, such as its age, square footage, security features, and the age and type of its roof. It’s also important to make a list of all the property you need to insure, including personal belongings and any separate structures.
Shop around. Explore options from different insurance companies, ideally getting quotes from at least three insurers. You can shop online, work with an agent, or use an insurance-comparison tool.
Consider the FAIR Plan. Fort Lauderdale residents with high-risk properties that have been denied coverage from standard insurers may qualify for a Fair Access to Insurance Requirements (FAIR) Plan. Visit FMAP.org to find out whether a FAIR Plan is an option for you.
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Average cost of home insurance in other cities in Florida
Homeowners insurance rates are partially based on your ZIP code, risk class, and home value. For example, properties near one of Fort Lauderdale’s waterways will usually be pricier to insure than properties further inland.
Cities in Florida that are further from the coast or have lower property values will have lower average premiums.
Here, you can see average premiums for different cities in Florida.
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
City | Average Annual Premium: With $300,000 in Dwelling Coverage |
|---|---|
| Tallahassee | $3,156 |
| Gainesville | $3,180 |
| Ocala | $3,516 |
| Jacksonville | $3,600 |
| Deltona | $4,596 |
| Orlando | $4,608 |
| Lakeland | $4,716 |
| Tampa | $5,460 |
| Crestview | $5,556 |
| Palm Bay | $6,276 |
| North Port | $6,492 |
| Pensacola | $6,636 |
| Cape Coral | $7,716 |
| Naples | $9,228 |
| Port Saint Lucie | $11,880 |
| Miami | $13,740 |
| Key West | $20,172 |
Fort Lauderdale home insurance FAQs
As you shop for home insurance coverage, the following information can help you decide what protection you need.
The average cost of homeowners insurance in Fort Lauderdale is about $17,112 per year. Homeowners will also likely need flood insurance, which typically costs about $800 per year.
State Farm offers the lowest premiums in Fort Lauderdale, at an average rate of about $4,970 per year.
The best home insurance company in Fort Lauderdale depends on factors like your budget and risk level. State Farm has the cheapest average rates in Fort Lauderdale, along with Nationwide and Security First. But Florida homeowners who are unable to find private coverage may only qualify for Citizens insurance or a FAIR Plan.
In Florida, the average cost of homeowners insurance is $10,675 per year for a $300,000 home with a $1,000 deductible, Insurify data shows. This is several times higher than the national average.
In recent years, Florida has experienced several major natural disasters, including hurricanes Milton and Helene in 2024. These disasters, along with the state’s higher median home values, have driven up insurance costs.
You can lower your homeowners insurance premiums by shopping around for competitive rates, taking advantage of discounts such as paid-in-full discounts or multi-policy discounts, and raising your deductible.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Sources
- City of Fort Lauderdale. "Hurricane Hazards."
- South Florida Business and Wealth. "The Cost of Hurricane Irma’s Destruction."
- Citizens Property Insurance Corporation. "New Rules for Citizens’ Depopulation Program."
- U.S. Census Bureau. "QuickFacts Florida; Fort Lauderdale city, Florida."
- Insurance Information Institute. "Background on: Hurricane and windstorm deductibles."
- Federal Emergency Management Agency. "Flood Insurance."
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Charlie Hope D'Anieri
Charlie Hope D’Anieri is an experienced copywriter, researcher, and journalist. He has written about business formation and home and auto insurance for several years and covered agriculture and politics for outlets including The Guardian, The New Republic, and many others. A graduate of Middlebury College, he also holds a master’s degree in English Language & Literature from The University of Maryland-College Park.
Edited bySarah Archambault
Experienced personal finance writer
Background working with banks and insurance companies
Sarah enjoys helping people find smarter ways to spend their money. She covers auto financing, banking, credit cards, credit health, insurance, and personal loans.
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