Homeowner insurance companies in Florida

The Best Florida Homeowners Insurance Companies

Finding affordable homeowner’s insurance in Florida is no easy task: With an average annual premium of $2,084 (nearly double the the national average of $1,034), Florida has the highest home insurance rates of any state in the United States. This shouldn’t come as too much of a surprise considering Florida’s coastal geography and the increased likelihood of property damage due to hurricanes and floods.

Despite all this, there are still factors that can reduce what you’ll pay for home insurance in Florida — the physical location of the property, the age and condition of the home, and, of course, the insurance provider you choose will all have a significant impact on your monthly payment.

The Best Florida Homeowners Insurance Companies

The Best Florida Homeowners Insurance Companies

Looking for cheap homeowners Insurance in Florida?

Florida has some of the highest homeowners insurance insurance rates in the country, and for good reason. Of the ten most devastating hurricanes in the United States, seven hit Florida — and six occurred in 2004 and 2005. The state is still dealing with the aftermath of 2017’s Hurricane Irma, which caused so much damage that one insurer recruited and trained real estate agents to help them handle the flood of insurance claims.

The most important thing you can do for your house is to make sure that you’re armed with the best home insurance in Florida possible.

There are a lot of factors that go into homeowners insurance rates, and you’re going to want to shop around to determine which provider can offer the best homeowners insurance quote — but if you want to own a home in Florida, you need to be prepared to pay high premiums. The National Association of Insurance Commissioners reports that Florida homeowners with a H03 policy pay an average of $1,993 per year, compared to the national average of $1,173.

Complete Guide To Homeowners Insurance - Florida

Homeowner's insurance in Florida(also known as home insurance) isn't a luxury, it's a necessity. And not just because it protects your home and possessions against damage or theft. Virtually all mortgage companies require borrowers to have homeowners insurance coverage for the full or fair value of a property (usually the purchase price) and won't make a loan or finance a residential real estate transaction without proof of it.

You don't even have to own your home to need insurance; many landlords require their tenants to have florida renter's insurance coverage. But whether it's required or not, it's smart to have this kind of protection anyway. We'll walk you through the basics of this type of policy. 

What a Homeowner's Policy Provides

The elements of a standard florida homeowner's insurance policy provide that the insurer will cover costs related to: