Frequently Asked Questions
What is the average cost of homeowners insurance in Florida?
Florida's average homeowners insurance premium can cost around $2,490 per year.
How much is homeowners insurance on a $200,000 house in Florida?
The cheapest rates we have seen recently are around $1,200 per year. Rates on average for a home in this price range are around $1,800 per year.
What company insures the most homes in Florida?
Citizens Property Insurance Corp. is the largest insurer in Florida. The top 5 home insurance companies in Florida are State Farm, Allstate, USAA, Chubb and Liberty Mutual. At FloridaHomeInsurance.com, we have over 30 different home insurance carriers that we represent, our agents can help you shop the best rate and policy.
Who has the cheapest homeowners insurance in Florida?
Travelers Insurance and Chubb have the cheapest rates available, presenting policies to homeowners in Florida for as low as $1,315 annually.
Why are Florida home insurance rates so high?
Home Insurance in Florida is expensive due to hurricanes and windstorm damage. Other major factors include flooding and sinkholes. What also makes Florida different compared to most states is the reinsurance issues and most importantly the litigation costs associated with lawsuits, fraud and claims.
Who has the most affordable home insurance?
Travelers, Chubb, Nationwide, Allstate seem to have very competitive rates. The cheapest rates are not always the best policy for your home protection. An affordable policy with great coverage is extremely important for homeowners living in Florida.
Which insurance company has the highest customer satisfaction in Florida?
State Farm Insurance is currently rated the highest in customer appreciation and satisfaction in 2024. Most customers in Florida prefer these top 5 companies, State Farm, Allstate, USAA, Chubb, and Nationwide. Home insurance companies in Florida usually cover only a portion of an area in Florida. We have 30 different homeowners insurance companies we shop and compare the best rate and coverage for your home. Depending on your the area in which your home is located greatly depends on which carrier is available.