There are a lot of factors that go into homeowners insurance rates, and you’re going to want to shop around to determine which provider can offer the best deal. But if you own a home in Florida, you need to be prepared to pay high premiums. The National Association of Insurance Commissioners reports that Florida homeowners with an HO-3 policy pay an average of $1,993 per year, compared to the national average of $1,173.
We looked at the top five providers and compared their lists of policy options and discounts, and even called customer service to see what type of experience a client might get.
Here Are The 5 Best Homeowners Insurance Companies in Florida
Tower Hill Insurance Group
Citizens Property Insurance Corporation
Universal Insurance Holdings, Inc.
Federated National Insurance Company
Tower Hill Insurance Group - Best Florida Homeowners Insurance Companies
Today Tower Hill Insurance Group is one of Florida’s largest residential property insurers, represented by more than 850 insurance agencies throughout the state. Tower Hill has been protecting Florida’s home and business owners for nearly half a century.
We found Tower Hill to be affordable when we compared insurance rates, especially given the comprehensive nature of coverage offered. You can choose from their wide range of products and coverage options, so you can be confident that your policy is designed to best fit your individual insurance needs.
The company is also reliable: Tower Hill received an A- rating from A.M. Best, which means it is very likely to meet its financial commitments (i.e. pay your claims)
Tower Hill’s customer service reputation is solid as well. They say: “ We’ll respond quickly – you can trust us to be there when you need us, whether damage to your home is relatively minor or completely devastating. “
Best Companies For
Florida Homeowner’s Insurance
Tower Hill Insurance Group
Citizens Property Insurance Corporation - Best Florida Homeowners Insurance Companies
Citizens customers include Florida home, business and condominium owners, as well as Florida property owners who come to Citizens seeking coverage. Citizens is funded by policyholder premiums and, additionally, if its surplus is depleted in the wake of a particularly devastating storm or series of storms, Florida law requires Citizens to levy assessments on most Florida property-casualty insurance policyholders until any deficit is eliminated. These financial responsibilities drive Citizens' commitment to quality customer service and rigorously sound financial management.
Citizens doesn’t offer as many coverage packages as Tower Hill or as many discounts as State Farm, but it does include options like personal property coverage and sinkhole damage coverage. You can also get discounts for installing fire or burglar alarms and installing wind-mitigation features in your home.
However, there is no online form to request a quote — you have to speak directly to an agent to do this or request any specific information.
Best Companies For
Florida Homeowner’s Insurance
Citizens Property Insurance Corp.
Universal Insurance Holdings - Best Florida Homeowners Insurance Companies
Universal Insurance Holdings (subsidiary: Universal Property & Casualty Insurance Company) is the largest insurance provider in Florida.
Although basic coverages, like homeowners insurance and personal property insurance, were clearly listed and explained, the provider doesn’t give much information about additional coverages or discount options.
Overall, Universal Property and Casualty has a sound reputation with an A+ rating on the Better Business Bureau’s site.
Universal does offer an online quote tool (and live chat) that can actually be pretty helpful when trying to gauge the annual price of your policy.
Federated National Insurance Company - Best Florida Homeowners Insurance Companies
Federated Nat’ls website provides a single generic paragraph about the benefits of homeowner insurance before urging you to contact an agent for a quote. However, you can fill out a quote request online, and like Citizens Property, FedNat also caters to Spanish speakers.
You can also buy umbrella liability insurance and flood insurance through FedNat.
There isn’t even a learning center to help you understand what types of insurance you might need as a homeowner.