Best and cheapest homeowners insurance in Florida in 2026

How much is home insurance in Florida?

Home insurance in Florida costs an average of $7,136 a year with a 2% hurricane deductible. Without the hurricane deductible, the average is $2,557, but that may leave hurricane damage uncovered.

 These averages are based on the following coverage:

• $300,000 dwelling coverage
• $1,000 deductible
• 2% hurricane deductible
• $300,000 liability

This average rate includes a hurricane deductible. Without it, the average rate is $2,557. This seems like a bargain, but if the hurricane deductible isn't selected, hurricane damage to your home likely isn't covered. Make sure you read the fine print so you don't find yourself without coverage.

Insurance.com's analysis of homeowners insurance rates shows premiums continue to rise nationwide. Average rates increased 10.4% in 2024, with 34 states posting double-digit increases. The sharpest increases were in Louisiana (58%), Michigan (48%), Virginia (37%), Kentucky (33%), and Minnesota (29%). The national average homeowners insurance premium is now $2,543 per year for a policy with $300,000 in dwelling coverage.

“Shop around among several different carriers. While many companies have gone bankrupt or are refusing to write new policies in Florida, there are still companies making sure Florida homeowners are protected,” says Anthony Martin, CEO of Choice Mutual.

Best homeowners insurance company in Florida: State Farm

State Farm is the best home insurance company in Florida, thanks to low rates and a low complaint ratio with the National Association of Insurance Commissioners (NAIC). State Farm and Progressive round out the top two.

The best companies can also be broken down by category:

• Best for low rates: State Farm
• Best for a low volume of customer complaints: State Farm
• Best for financial stability: Progressive

How we chose the best home insurance companies in Florida: To rank home insurance companies, we looked at average annual rates, complaint ratio with the National Association of Insurance Commissioners (NAIC), and financial strength ratings from AM Best. The best ranking represents major insurance companies.

Below you’ll find the best home insurance companies in Florida. Keep in mind that some companies only offer coverage in specific areas of Florida.

State Farm

State Farm is our top pick for homeowners insurance in Florida, with a low complaint ratio and a solid AM Best rating. Rates at State Farm are below average, and the company offers a good auto and home bundle that can further reduce those costs.

Progressive

Progressive landed in second place for home insurance in Florida thanks to the best AM Best rating and the second-lowest rates. However, it's worth noting that in this case, the second-lowest is still above the Florida state average.

Nationwide

In third place is Nationwide. Rates are a little above average here as well, but Nationwide offers a solid auto and home discount, averaging 22%, which can make a big difference.

Which company has the cheapest home insurance in Florida?

State Farm is the cheapest home insurance company in Florida, with an average rate of $4,654 for $300,000 in dwelling coverage. It remains the cheapest at higher coverage levels as well, with a rate of $7,316 for $600,000 in dwelling coverage, which is slightly more than half the cost of the next cheapest competitor.

Home insurance rates can vary a lot depending on the company you choose. The table below provides a look at average rates from home insurance companies in Florida, including national and local companies. Several dwelling coverage levels are displayed, all with liability levels of $300,000 and a $1,000 deductible.

*Citizens is the state-run insurer of last resort.

Florida homeowners insurance rates by ZIP code

Florida home insurance rates vary sharply by ZIP code because hurricane exposure, coastal risk, home values, and rebuilding costs change by location. We analyzed home insurance rates from major insurance companies in nearly every ZIP code in Florida.

Enter your ZIP code in the search box in our tool below to see the average home insurance rate for your area, as well as the highest and lowest premiums from major insurers. Default rates are for coverage of $300,000 dwelling and liability and a $1,000 deductible (2% hurricane).

Florida homeowners insurance rates by county

The map below shows all Florida counties and the average rates for home insurance in each.

The most expensive ZIP codes in Florida for home insurance 

Monroe has the most expensive rates of all Florida counties for home insurance, at an average rate of $18,201. Miami-Dade, Broward, Martin, and Palm Beach also rank among the highest-cost counties because coastal exposure, hurricane risk and rebuilding costs drive premiums higher.

Below is a list of the most expensive counties and their average rates.

The least expensive ZIP codes in Florida for home insurance

Putnam leads with the lowest average annual premium at $3,808. It's closely followed by Alachua and Leon counties, with rates of $3,959 and $4,187, respectively.

Find below the counties with the least expensive home insurance rates.

How much is homeowners insurance in Florida by city?

Tallahassee has the cheapest homeowners insurance among the state's largest cities, with an average rate of $4,187 per year, which is $349 per month. Rates below are shown with a 2% hurricane deductible.

Florida homeowners insurance rates by coverage level

Florida home insurance rates rise as dwelling coverage increases. With a 2% hurricane deductible, $300,000 in dwelling coverage, and $300,000 in liability, rates average $7,136 a year. Without a hurricane deductible, the same coverage averages $2,557, but hurricane damage may not be covered.

First, rates without a hurricane deductible. Please note that these rates may not include any coverage for hurricane damage.

Florida home insurance rates with no hurricane deductible

Florida home insurance rates with a 2% hurricane deductible

Why is homeowners insurance so expensive in Florida?

Florida homeowners insurance is expensive because insurers face high hurricane risk, costly reinsurance, water-damage claims, roof replacement disputes, litigation, and past storm losses. These costs are built into premiums. Even as the market stabilizes, Florida remains one of the most expensive states for home insurance.

Insurance companies cite the following reasons why homeowners' insurance is so expensive in Florida:

• High rates for reinsurance, which is insurance that backs up insurance companies
• Water-leak damage claims from non-hurricane causes
• Claims from recent hurricanes are still being filed, as homeowners have a three-year window to do so.

Rapid roof replacement fraud schemes and runaway litigation are also causing a price hike.

“Unscrupulous roofers tell homeowners there was recent storm damage in the area and are replacing roofs for free, even when they don’t qualify for insurance coverage. The insurer rejects the claim because it’s not a legitimate insured loss, and the contractor partners with an unscrupulous attorney to file a lawsuit against the insurer. Even if the case never goes to court, the related expenses are exorbitant for the insurer."

Friedlander explains that Florida is the most volatile private insurance marketplace in the country, partly due to litigation.

“More than 100,000 property claim lawsuits were filed against Florida home insurers in 2021, equating to more than 80% of property claim lawsuits filed in the United States. In fact, no other state has more than 900 property claim lawsuits filed that year,” says Friedlander

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Home-insurance insurance Q&A :

Q : Why is it difficult to get homeowners insurance in Florida?

A : The Florida insurance market is facing an ongoing crisis due to high claim costs; severe weather and litigation have driven some companies out of business and caused others to pull back from the market. The high risk of insuring Florida homes has made it hard to get coverage in some areas.

Answered by Leslie Kasperowicz, Executive Editor

Q : Can you get homeowners insurance in Florida without hurricane coverage?

A : You may be able to buy a home insurance policy that doesn't cover hurricane damage, but it's not recommended.

Answered by Leslie Kasperowicz, Executive Editor

Q : Why is my homeowners insurance so high in Florida?

A : Multiple factors, including severe weather and high rates of litigation, have driven up home insurance rates in Florida. Individual factors like claims history can also increase rates.

Answered by Leslie Kasperowicz, Executive Editor