Best Homeowners Insurance in Florida (2024)
Progressive and State Farm are also great choices due to their discounts and customer satisfaction.
Cheapest insurance companies in Florida
Savings Tips
You can save around $1,880 a year by comparing home insurance quotes in Florida.
Tower Hill and Progressive offer average rates below $3,800 a year.
Home insurance rates can vary by city from $3,604 a year in Cape Coral to $4,177 in Orlando.
Cheapest home insurance companies in Florida
Tower Hill is the cheapest homeowners insurance company in Florida, offering an average rate of $2,443 a year.
Not only is Tower Hill’s average rate the lowest in the state by far, but it’s more than 40% cheaper than the state’s average price for home insurance.
| Company | Annual rate |
|---|---|
| Tower Hill | $2,443 |
| Progressive | $3,786 |
| Heritage | $4,403 |
| Homeowners Choice | $4,539 |
| Universal | $4,655 |
| Florida Peninsula | $4,695 |
| State Farm | $5,180 |
| Citizens | $8,722 |
Citizens is the most-expensive major home insurance option in Florida, at $8,722 a year, but that’s because it is state-run and exists for homeowners who can’t find affordable insurance elsewhere.
To get the cheapest rate for the amount of coverage you need and want, compare home insurance quotes from several companies.
Best home insurance companies in Florida
- Tower Hill is our pick for Florida’s best home insurance company overall, and it also offers the lowest rates.
- State Farm is the best company for customer satisfaction.
- Progressive has the best discounts for Florida homeowners.
| Insurance company | Customer satisfaction Customer satisfaction scores are from J.D. Power’s 2023 U.S. Home Insurance Study | Complaint index Complaint index ratings come from the National Association of Insurance Commissioners (NAIC) | LendingTree score |
|---|---|---|---|
| Tower Hill | N/A | 0.26 (Excellent) |  |
| Progressive | 791 (Poor) | 0.74 (Above average) |  |
| State Farm | 829 (Excellent) | 0.56 (Good) | |
Best overall home insurance company in Florida: Tower Hill
Tower Hill is the best home insurance company in Florida due in large part to it having the lowest rates in the state and the second-lowest NAIC Complaint Index rating.
| Pros | Cons |
|---|---|
Cheapest average home insurance rate in Florida. Second-best complaint rating among state's top home insurance companies. Offers more coverage options than many insurers, including some for high-value homes. | Can’t get a home insurance quote or buy a policy from Tower Hill online. No customer satisfaction score from J.D. Power, so it’s hard to know how it stacks up to competitors. |
Best home insurance company for customer satisfaction: State Farm
State Farm may be the best homeowners insurance company for you if you value customer service and satisfaction.
| Pros | Cons |
|---|---|
Customer satisfaction score is among the highest in Florida. Offers a wide range of optional coverages, including water backup and umbrella coverage. | One of the most expensive home insurance companies in Florida. Doesn’t offer as many home insurance discounts as its competitors. Complaint rating is above the median, though it’s still less than average for a company of its size. |
Best home insurance company for discounts: Progressive
Progressive has the best discounts from Florida’s top home insurance companies.
You might save money on your policy if your home has safety systems or alarms, if you pay for the whole year in full, or if you have a new home.
| Pros | Cons |
|---|---|
If you bundle home and auto insurance with Progressive, you can save money on both policies. Many discounts could help make Progressive the cheapest for you. Offers many standard and optional home insurance coverages. | Customer satisfaction score is among the worst of the companies we surveyed. Complaint rating is worse than both Tower Hill’s and State Farm’s. |
How much is home insurance in Florida?
What you pay for homeowners insurance depends on several factors, including:
- Where you live
- The amount of coverage you buy
- Your deductible
- Your credit, insurance and claims history
- The age of your home
Florida home insurance rates by coverage amount
The amount of dwelling coverage you buy for your home impacts how much you pay for your home insurance policy. Dwelling coverage is used to help rebuild or repair the structure of your home.
| Dwelling limit | Annual rate |
|---|---|
| $350,000 | $3,812 |
| $400,000 | $4,329 |
| $450,000 | $4,843 |
If your dwelling coverage limit is $450,000, for example, you will pay an average 27% more for home insurance than if this limit were $350,000.
Florida homeowners insurance rates by city
Tallahassee homeowners pay the lowest home insurance rates among Florida’s biggest cities. The average home insurance cost in Tallahassee is $2,608 a year, or $217 a month.
Homeowners in Miami pay $7,889 a year, on average — over three times what Tallahassee homeowners pay.
Hialeah homeowners pay the state’s highest average home insurance rates, at $9,988 a year.
| City | Annual rate |
|---|---|
| Cape Coral | $3,604 |
| Coral Springs | $7,695 |
| Fort Lauderdale | $7,121 |
| Gainesville | $2,747 |
| Hialeah | $9,988 |
| Hollywood | $7,229 |
| Jacksonville | $3,088 |
| Miami | $7,889 |
| Miramar | $7,810 |
| Orlando | $4,177 |
| Pembroke Pines | $7,721 |
| Port St. Lucie | $4,602 |
| St. Petersburg | $2,729 |
| Tallahassee | $2,608 |
| Tampa | $4,081 |
Florida homeowners insurance rates by county
Homeowners in Pinellas County pay the cheapest home insurance rates of Florida’s biggest counties. The average rate there is $2,839 a year ($237 a month).
Miami-Dade has the highest average rates for home insurance among Florida counties, at $8,854 a year ($738 a month).
| County | Annual rate |
|---|---|
| Brevard | $3,072 |
| Broward | $7,328 |
| Duval | $3,063 |
| Hillsborough | $4,196 |
| Lee | $3,610 |
| Miami-Dade | $8,854 |
| Orange | $4,178 |
| Palm Beach | $4,706 |
| Pinellas | $2,839 |
| Polk | $4,132 |
Additional home insurance coverages needed in Florida
Lenders may require more than standard home insurance in Florida, too. Depending on where you live, you might need flood, windstorm and/or sinkhole coverage as well.
Flood insurance
Standard home insurance policies don’t cover flood damage or destruction. For that, you need separate coverage.
You can buy flood insurance in Florida through the government-run National Flood Insurance Program (NFIP) or from private flood insurance companies. The average cost of flood insurance in Florida is $760 a year, however, your rate will vary by your exact location.
NFIP flood insurance policies offer up to $250,000 coverage for your home and $100,000 for your possessions. If you need or want more than those amounts, contact private flood insurance companies.
Windstorm insurance
Standard homeowners insurance policies usually cover wind damage, but yours might exclude it if you live on or near the Florida coast.
Several companies sell windstorm insurance in Florida. If you struggle to find a company that will sell it to you, go to Citizens.
Sinkhole insurance
A typical home insurance policy only covers sinkhole damage if the sinkhole leaves a visible hole in the ground and the damage is such that you can no longer live in your home.
In all other cases, standard homeowners insurance won’t cover sinkhole damage to your Florida home.
To be covered in as many situations as possible, you can buy sinkhole insurance as an endorsement to an existing policy or as standalone coverage.
Frequently asked questions
You might think severe weather like hurricanes and flooding is responsible for Florida’s high home insurance costs.
Although it plays a role, frivolous lawsuits and insurance fraud are more to blame.
Increasing costs tied to the lawsuits and fraud have caused several local insurance companies to close their doors. They’ve also caused national companies to pull back on serving the state or to leave it altogether.
Both reactions have helped raise home insurance rates statewide.
Tower Hill charges the most affordable home insurance rates to Florida homeowners, at an average of $2,443 a year.