Home Insurance Quote In Florida

Home Insurance Quote In Florida: best and worst homeowners insurance companies in Florida

Although Florida can be appealing to those who enjoy warm weather, living in the Sunshine State has its hazards, too. The average cost of homeowners insurance in Florida is $2,385 a year, or about $199 a month, according to a NerdWallet rate analysis. And that number is on the rise. Florida home insurance rates have shot up in recent years due to frequent natural disasters and litigation expenses that insurers pass on to consumers. In the face of heavy losses, many insurers have raised rates, stopped selling policies in Florida or simply gone out of business. Massive claim losses from Hurricane Ian have added even more stress to an already struggling market. Residents of Florida still have options when it comes to getting homeowners insurance. Here are a few companies to consider.

How much does homeowners insurance cost in Florida? best and worst homeowners insurance companies in Florida

The average cost of homeowners insurance in Florida is $2,385 per year or about $199 per month. That’s 31% more than the national average of $1,820. In most U.S. states, including Florida, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.  In Florida, those with poor credit pay an average of $3,295 per year, according to NerdWallet’s rate analysis. That’s 38% more than Floridians with good credit.

The best homeowners insurance in Florida

If you’re looking to buy homeowners insurance from a well-rated brand, consider one of these insurers, all of which have a NerdWallet star rating of 4.5 or higher.

Company	NerdWallet star rating	Average annual rate
Chubb	5.0NerdWallet rating	Not available
Amica	5.0NerdWallet rating	Not available
Nationwide	4.5NerdWallet rating	$1,655
State Farm	4.5NerdWallet rating	$1,920
Cincinnati Insurance	4.5NerdWallet rating	Not available
Auto Club Group (AAA)	4.5NerdWallet rating	Not available
USAA*	5.0NerdWallet rating	Not available

More about the best home insurance companies in Florida

• Chubb

Chubb serves mostly affluent policyholders with high-value homes, offering lofty coverage limits and lots of perks. For example, the company covers water damage from backed-up sewers and drains and pays to bring your home up to the latest building codes during reconstruction after a claim. (Many insurers charge more for these types of coverage.) If you insure a secondary or seasonal home in Florida with Chubb, you can sign up for the company’s Property Manager service at no charge. With this service, a Chubb representative will inspect your home after a hurricane, report its condition to you, submit a claim on your behalf and help prevent further damage.

To learn more, read NerdWallet’s Chubb home insurance review.

• Amica

Rhode Island-based Amica stands out for its customer service and broad range of coverage options. The company has drawn significantly fewer consumer complaints to state regulators than expected for an insurer of its size, according to the National Association of Insurance Commissioners, or NAIC. You may be able to customize your policy with extra coverage above your dwelling limit, in case your house costs more to rebuild than expected. You may also want to add coverage for damage from water backups or recovery from identity theft.

To learn more, see our Amica home insurance review.

• Nationwide

Nationwide offers a variety of ways to customize your policy. For example, you can add coverage for things like identity theft, high-value items and backed-up sewers and drains. Another option worth considering is dwelling replacement cost, which can pay up to double your policy limit in case it costs more than expected to rebuild your home after a disaster. Because Nationwide sells homeowners policies through independent agents in Florida, you can’t get an online quote.

To learn more, read NerdWallet’s Nationwide home insurance review.

More Florida home insurance companies

Having trouble finding an affordable rate or getting coverage from one of the best Florida home insurers above? Here are a few other companies you can try.

Company	NerdWallet star rating	Average annual rate
People’s Trust	3.0NerdWallet rating	$1,300
Tower Hill	3.0NerdWallet rating	$1,835
Universal Property	Not rated	$2,680
American Integrity	Not rated	$2,965
Florida Peninsula	Not rated	$3,030
Heritage	Not rated	$3,380
Homeowners Choice	Not rated	$3,555

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Take time to carefully go over the exclusions and limitations listed in each quote for home insurance so you know exactly what is and isn’t covered. If you have any doubts about any aspect of the coverage, make sure to contact the insurance provider with your questions and requests for clarification. A Florida home insurance quote is more than just a piece of paper; it’s a lifesaver that shields your house, possessions, and financial stability from nature’s capricious forces. You can obtain the comprehensive coverage you require while taking advantage of the peace and beauty of living in the Sunshine State by being aware of your coverage needs, comparing quotes, and tailoring your policy to fit your lifestyle. Get a Florida house insurance quote now and be proactive rather than waiting for a disaster to strike.  today and ensure your piece of paradise remains protected for years to come.