Owning a home in Florida comes with many benefits—sunshine, beaches, and beautiful neighborhoods—but it also comes with unique insurance challenges. From hurricanes to flooding risks, Florida has some of the highest home insurance premiums in the country. If you’re looking for reliable coverage, here’s everything you need to know.
How can I get the cheapest home insurance in Florida?
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The cheapest home insurance rates in Florida usually come from shopping around and comparing multiple providers. Factors that help lower costs include:
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Maintaining a strong credit score
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Installing wind mitigation features (storm shutters, impact windows, reinforced roofs)
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Bundling home and auto insurance with the same provider
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Choosing a higher deductible if you can afford it
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Working with an independent insurance agent who can compare multiple carriers
Which companies offer home insurance in Florida?
Some of the major home insurance companies in Florida include:
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State Farm
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Allstate
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Progressive
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Universal Property & Casualty
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Citizens Property Insurance (state-backed, often the “last resort” option)
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Tower Hill Insurance
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Security First Insurance
Availability may vary depending on your location and the age or condition of your home.
How much is home insurance in Florida, typically?
On average, home insurance in Florida costs between $3,000 and $4,500 per year for a standard $300,000 home. This is more than double the national average, largely due to Florida’s hurricane exposure and reinsurance costs.
Why is home insurance in Florida so expensive?
Florida’s high insurance costs come from several key factors:
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Hurricane and storm risk: Frequent tropical storms increase claims.
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Litigation costs: Florida has historically seen a high volume of lawsuits related to insurance claims.
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Reinsurance costs: Insurers must pay more to reinsure homes in high-risk areas.
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Fraudulent claims: Roof repair and contractor fraud have also contributed to rate increases.
How can I save money on my home insurance?
You can reduce your premiums by:
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Installing hurricane-resistant features
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Asking about discounts for security systems or fire alarms
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Bundling policies with the same insurer
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Reviewing and updating your coverage annually
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Avoiding small claims that could raise your rates
Do I have to pay my home owner’s insurance through my mortgage?
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If you have a mortgage, most lenders require you to pay home insurance through an escrow account. This means your premium is added to your monthly mortgage payment, and your lender pays the insurance company directly. If you own your home outright, you can pay your insurer directly.
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What is the best way to shop around for home insurance in Florida?
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The best strategy is to:
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Get quotes from multiple companies (at least 3–5).
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Use an independent insurance agent who works with different carriers.
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Compare coverage details—not just price—to ensure you’re not underinsured.
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Review customer service ratings since claims support is crucial in Florida.
Why did my home insurance rates rise so much?
Many Florida homeowners have seen steep increases recently due to:
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Rising reinsurance costs for insurers
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Inflation in construction and repair materials
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More frequent and costly storm damage
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Legislative changes and reduced insurer availability
Even if you haven’t filed a claim, your rates can still rise because of statewide market conditions.
What does home insurance cover?
Typical home insurance in Florida includes coverage for:
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Dwelling coverage: Protects your house structure.
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Other structures: Garages, sheds, fences.
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Personal property: Furniture, clothing, electronics.
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Liability protection: Covers accidents or injuries on your property.
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Loss of use: Helps pay for temporary housing if your home is uninhabitable.
Note: Standard home insurance does not cover flooding. Flood insurance is sold separately, often through the National Flood Insurance Program (NFIP) or private insurers.