How much is renters insurance in Florida?

The average cost of renters insurance in Florida is $230 a year, and the average monthly cost is $19. That's for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance may differ from your neighbours because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium$230
Average monthly premium$19
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Best renters insurance companies in Florida

Travelers, Nationwide and Security First Insurance are our best renters insurance companies in Florida.

Rates differ widely between renters insurance providers, so it pays to shop around. But rates aren’t the entire picture. It’s also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Florida, we reviewed rates and third-party ratings including complaint volume with the National Association of Insurance Commissioners (NAIC) and financial ratings from AM Best.

Among the carriers surveyed, Travelers is the best renters insurance company in Florida, with a top score and an average renters insurance rate of $166.

Below is our list of best renters insurance companies in Florida based on that analysis, with our score out of five.

CompanyAverage annual premiumAM BestNAICInsurance.com rating
Travelers$166A++0.545
Nationwide$132A+0.875
Security First Insurance$171A0.884.77
Allstate$198A+0.94.75
State Farm$238A++0.954.67
Universal Insurance Holding$196A2.014.5
Citizens Property Insurance$344A0.254.22
FedNat Holding$203A4.924.03
HCI Group Inc$471A0.653.69
Progressive$258A+8.453.36
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Cheapest renters insurance in Florida

Nationwide is the cheapest renters insurance company in Florida based on our rate analysis with an average annual premium of $132.

Renters insurance prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the cheapest renters insurance companies in Florida and their average annual premiums.

Company nameAverage annual premium
Nationwide$132
Travelers$166
Security First Insurance$171
Universal Insurance Holding$196
Allstate$198
FedNat Holding$203
State Farm$238
Amer Integrity Ins Co of FL$249
Progressive$258
Citizens Property Insurance$344
HCI Group Inc$471
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Renters insurance calculator

Average renters insurance rates in Florida
Please enter valid zip code
$20,000
$20,000 $40,000 $60,000
$100,000
$100,000 $300,000
$500
$1,000 $500

Most & least expensive ZIP codes for renters insurance in Florida

ZIP codeCityHighest rate
33013Hialeah$405
33012Hialeah$401
33016Hialeah$401
33018Hialeah$401
ZIP codeCityLowest rate
34275Laurel$184
34223Englewood$184
33730St. Petersburg$185
33703St. Petersburg$185
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Florida renters insurance: The least and most expensive ZIP codes

Where you live in Florida affects how much you pay for renters insurance. The most expensive ZIP code in Florida for renters insurance is 33013, where the average annual rate is $405 which is $175 more than the state average insurance premium.

On the other end of the spectrum, the least expensive ZIP code for renters insurance is 34223, with an average annual rate of $184.

The following table lists the least and most expensive ZIP codes in Florida for renters insurance.

Best home insurance companies in Texas
ZIP codeAverage annual rate
33013$405
33018$401
33014$394
33055$351
33169$344
33195$343
33137$342
33179$341
33181$340
33139$337
ZIP codeAverage annual rate
34223$184
33703$185
34134$186
32648$187
33756$189
33714$192
33772$193
32926$197
33922$205
34264$205

Compare renters insurance rates by city in Florida

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Florida.

CityAnnual insurance premium
Cape Coral
$345
Fort Lauderdale
$538
Hialeah
$595
Jacksonville
$272
Miami
$629
Orlando
$273
Port St. Lucie
$427
St. Petersburg
$341
Tallahassee
$237
Tampa
$318
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How to get cheap renters insurance in Florida

There are a few things you can do to get cheaper renters insurance in Florida:

  • Shop around. Not every Florida renters insurance company offers the same rates or discounts. Shop around for the best price.
  • Ask about discounts. There are a lot of discounts available on renters insurance; one of the biggest is bundling your home and auto insurance, so ask for an auto quote at the same time.
  • Chose a higher deductible. Your deductible affects your premiums; higher deductibles mean lower rates. Just ensure you can afford the deductible if you have to pay it.

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

Florida renters insurance: FAQ

Do I need renters insurance in Florida?

Renters insurance isn’t required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Florida?

You don’t need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.

Compare Florida renters insurance rates with other states

Alabama
$310 /year
Alaska
$233 /year
Arizona
$237 /year
Arkansas
$346 /year
California
$253 /year
Colorado
$175 /year
Connecticut
$265 /year
Delaware
$170 /year
Georgia
$334 /year
Hawaii
$231 /year
Idaho
$169 /year
Illinois
$227 /year
Indiana
$249 /year
Iowa
$188 /year
Kansas
$238 /year
Kentucky
$193 /year
Louisiana
$472 /year
Maine
$174 /year
Maryland
$243 /year
Massachusetts
$244 /year
Michigan
$323 /year
Minnesota
$203 /year
Mississippi
$367 /year
Missouri
$210 /year
Montana
$256 /year
Nebraska
$266 /year
Nevada
$233 /year
New Hampshire
$160 /year
New Jersey
$190 /year
New Mexico
$191 /year
New York
$276 /year
North Carolina
$323 /year
North Dakota
$173 /year
Ohio
$231 /year
Oklahoma
$266 /year
Oregon
$266 /year
Pennsylvania
$249 /year
Rhode Island
$473 /year
South Carolina
$272 /year
South Dakota
$188 /year
Tennessee
$272 /year
Texas
$214 /year
Utah
$183 /year
Vermont
$166 /year
Virginia
$217 /year
Washington
$205 /year
Washington, D.C.
$260 /year
West Virginia
$231 /year
Wisconsin
$153 /year
Wyoming
$126 /year
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