Florida Property Insurance Rates

The Best Florida Homeowners Insurance Companies

Finding affordable homeowner’s insurance in Florida is no easy task: With an average annual premium of $2,084 (nearly double the the national average of $1,034), Florida has the highest home insurance rates of any state in the United States. This shouldn’t come as too much of a surprise considering Florida’s coastal geography and the increased likelihood of property damage due to hurricanes and floods.

Despite all this, there are still factors that can reduce what you’ll pay for home insurance in Florida — the physical location of the property, the age and condition of the home, and, of course, the insurance provider you choose will all have a significant impact on your monthly payment.

Complete Guide To Homeowners Insurance - Florida

Homeowner's insurance in Florida(also known as home insurance) isn't a luxury, it's a necessity. And not just because it protects your home and possessions against damage or theft. Virtually all mortgage companies require borrowers to have homeowners insurance coverage for the full or fair value of a property (usually the purchase price) and won't make a loan or finance a residential real estate transaction without proof of it.

You don't even have to own your home to need insurance; many landlords require their tenants to have florida renter's insurance coverage. But whether it's required or not, it's smart to have this kind of protection anyway. We'll walk you through the basics of this type of policy. 

What a Homeowner's Policy Provides

The elements of a standard florida homeowner's insurance policy provide that the insurer will cover costs related to: