Best and cheapest homeowners insurance in Florida in 2024

Best homeowners insurance companies 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). Travelers, Nationwide, Allstate, and Progressive are among the top car insurance companies in Florida.

The best home insurance companies in Florida are all names you’ll recognize. That means you can get coverage from a top company. Insurance.com ranked home insurers in Florida based on average rates, AM Best financial ratings, and complaint ratios. Remember that some companies only offer coverage in certain parts of Florida.

Best homeowners insurance in Florida
Company	AM Best	NAIC Complaint Ratio	Average annual rate	Insurance.com score
State Farm	A++	0.83	$4,826	4.61
Travelers	A++	1.1	$1,775	3.85
Nationwide	A+	1.05	$5,623	3.84
Allstate	A+	1.46	$4,946	3.7
Progressive	A+	2.71	$4,595	2.79

Cheapest home insurance in Florida: Travelers

Travelers is the cheapest home insurance company among those surveyed by Insurance.com. The average rate for the same amount of coverage varies significantly, which is why it pays to compare home insurance quotes.

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.

Cheapest homeowners insurance in Florida
Company Group	$200,000	$300,000	$400,000	$600,000	$1,000,000
Travelers	$1,203	$1,775	$2,469	$3,857	$6,646
Security First Insurance	$2,865	$3,720	$4,587	$7,547	$11,847
Amer Integrity Ins Co of FL	$3,485	$4,067	$5,229	$9,060	$16,165
Heritage Insurance Holdings	$3,586	$4,493	$5,787	$10,365	$19,484
Progressive	$3,866	$4,595	$5,555	$9,543	$17,094
HCI Group Inc	$3,948	$4,905	$6,110	$11,318	$21,718
Nationwide	$3,985	$5,623	$7,192	$10,180	$16,103
State Farm	$4,039	$4,826	$5,925	$9,515	$15,505
Allstate	$4,582	$4,946	$5,882	$10,117	$17,011
FedNat Holding	$5,832	$7,227	$8,861	$16,098	$28,495
Universal Insurance Holding	$6,160	$6,502	$8,778	$14,915	$25,505
Citizens Property Insurance	$7,528	$8,632	$11,258	$19,755	$38,451

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

How much is home insurance in Florida?

The average cost of home insurance in Florida is $4,419 a year, nearly $1,818 more than the national average of $2,601. These averages are based on the following coverage:

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

These rates include a hurricane deductible. Without it, the average rate is $2,401. 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.

Florida faces a property insurance crisis, with rates rising fast, which makes finding affordable Florida homeowners insurance from a solid company harder, especially if you live near the coast.

S&P Global reported an average rate increase of 42.1% since 2022 in Florida. An Insurance.com survey found Florida to be the hardest hit by the insurance crisis, along with California.

“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.

Florida homeowners insurance rates by ZIP code

ZIP codes in Pensacola and Siesta Key are among the most expensive places to insure a home in Florida. Tallahassee has the least expensive neighborhoods for home insurance costs. Insurance.com analyzed home insurance rates from major insurance companies in nearly every ZIP code in Florida.

For $300,000 dwelling coverage with a $1,000 deductible (2% hurricane) and $300,000 liability limits, the average rate of $4,683 in Miami Gardens ZIP code 33055 is the highest. Among the most expensive ZIP codes for home insurance in the state is 33178, $4,680 for Doral.

ZIP codes in Spring Hill are the cheapest, with ZIPs 34609 having an average annual rate of $1,554.

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 premium fielded from major insurers. Default rates are for coverage of $300,000 dwelling and liability and a $1,000 deductible (2% hurricane).

This will give you an idea of how much you can save by comparing home insurance rates for your home.

Home insurance calculator

Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP Code	City	Highest Rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP Code	City	Lowest Rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data refreshed as of Apr 2024

Read our full methodology

Florida homeowners insurance rates by county

Home insurance rates in Florida vary by county. Take a look at the average rates by county in Florida below to see how costs compare.

County	$300,000 with $1,000 deductible and $300,000 liability
Alachua	$3,188
Baker	$2,919
Bay	$4,853
Bradford	$2,966
Brevard	$5,240
Broward	$4,575
Calhoun	$3,329
Charlotte	$5,146
Citrus	$3,838
Clay	$3,264
Collier	$6,084
Columbia	$3,425
Dade	$4,118
DeSoto	$4,529
Dixie	$3,396
Duval	$3,581
Escambia	$5,533
Flagler	$4,519
Franklin	$6,109
Gadsden	$3,427
Gilchrist	$3,185
Glades	$4,841
Gulf	$5,099
Hamilton	$3,038
Hardee	$4,440
Hendry	$5,442
Hernando	$3,633
Highlands	$4,114
Hillsborough	$4,971
Holmes	$3,684
Indian River	$6,161
Jackson	$3,602
Jefferson	$3,429
Lafayette	$3,143
Lake	$3,870
Lee	$5,157
Leon	$2,950
Levy	$3,842
Liberty	$3,324
Madison	$2,985
Manatee	$5,302
Marion	$3,315
Martin	$5,756
Miami-Dade	$4,695
Monroe	$5,426
Nassau	$3,583
Okaloosa	$5,404
Okeechobee	$5,038
Orange	$4,096
Osceola	$4,409
Palm Beach	$6,061
Pasco	$4,336
Pinellas	$5,564
Polk	$4,632
Putnam	$3,337
Santa Rosa	$5,385
Sarasota	$5,485
Seminole	$4,416
St. Johns	$3,509
St. Lucie	$5,446
Sumter	$3,598
Suwannee	$3,128
Taylor	$3,532
Union	$3,009
Volusia	$4,800
Wakulla	$3,994
Walton	$4,421
Washington	$3,461

Homeowners insurance in Florida by city

Tallahassee has the cheapest homeowners insurance among the state's largest cities, with an average rate of $2,650 per year, which is $220 per month. Rates below are shown with a 2% hurricane deductible.

City	Avg annual premium	Avg annual premium
Fort Lauderdale	$395	$4,740
Gainesville	$266	$3,190
Hialeah	$406	$4,875
Jacksonville	$299	$3,593
Miami	$384	$4,607
Orlando	$339	$4,062
Port St. Lucie	$463	$5,554
Tallahassee	$246	$2,950
Tampa	$432	$5,184

Florida homeowners insurance rates by coverage levels

Below are average rates for homeowners insurance in Florida by coverage level, including coverage with and without a hurricane deductible. Deductibles are $1,000 for all perils and 2% for hurricanes.

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

Rates by coverage level, no hurricane deductible

Coverage level	Average rate
200000 with 1000 Deductible and 100000 Liability	$1,714
200000 with 1000 Deductible and 300000 Liability	$1,732
300000 with 1000 Deductible and 100000 Liability	$2,385
300000 with 1000 Deductible and 300000 Liability	$2,401
400000 with 1000 Deductible and 100000 Liability	$3,097
400000 with 1000 Deductible and 300000 Liability	$3,116
600000 with 1000 Deductible and 100000 Liability	$4,568
600000 with 1000 Deductible and 300000 Liability	$4,587
1000000 with 1000 Deductible and 100000 Liability	$7,456
1000000 with 1000 Deductible and 300000 Liability	$7,476

Rates by coverage level, 2% hurricane deductible

Coverage level	Average rate
200000 with 1000 Deductible and 100000 Liability	$3,754
200000 with 1000 Deductible and 300000 Liability	$3,773
300000 with 1000 Deductible and 100000 Liability	$4,405
300000 with 1000 Deductible and 300000 Liability	$4,419
400000 with 1000 Deductible and 100000 Liability	$5,520
400000 with 1000 Deductible and 300000 Liability	$5,516
600000 with 1000 Deductible and 100000 Liability	$9,617
600000 with 1000 Deductible and 300000 Liability	$9,637
1000000 with 1000 Deductible and 100000 Liability	$17,142
1000000 with 1000 Deductible and 300000 Liability	$17,162

Why is homeowners insurance going up in Florida?

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.

“Two other primary factors are driving the excessive rate increases Florida homeowners are experiencing: rapid roof replacement fraud schemes and runaway litigation,” says Friedlander.

“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 country's most volatile private insurance marketplace and is on a trajectory toward collapse due to roof replacement fraud schemes and runaway litigation, resulting in huge losses for insurance companies.

“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 last year,” says Friedlander.

Methodology

Insurance.com, in 2023, commissioned Quadrant Information Systems to field home insurance rates from major insurers in each state for nearly all ZIP codes in the country for 10 coverage levels based on various dwelling and deductible limits. The homeowner profile is a 35-year-old married applicant with an excellent insurance score; new business HO-3 policy for a house built in 2000 with frame construction and composition roof. Other Structures: 10%. Loss of Use defaulted: 10%. Personal Property defaulted: 50%. Guest Medical limit: $5,000. Content is updated for 2024.