Flood insurance is sometimes required in Florida by the government or your mortgage lender, depending on where you live in the state and what type of mortgage you have. Your rates, options and flood zone aren't always easy to understand, so we studied the flood insurance market in Florida. We'll cover:

Average cost of flood insurance in Florida

The average cost of flood insurance in Florida is $597 a year, but premiums may vary widely depending on where you live in the state and your home's level of risk. FEMA groups areas based on their risk of flooding — called flood zones — and provides an online tool to find out which flood zone you live in.

The figures below are rates for flood insurance policies through the National Flood Insurance Program, or NFIP. The cost of NFIP flood insurance policies is determined by the U.S. government.

  • A Special Flood Hazard Area, or SFHA, is usually designated by the letters A or V. These are high-risk flood areas.
  • Zone X (shaded) is a moderate-risk area and Zone X (unshaded) is a minimal-risk area.
  • Zone D are areas where there are possible but undetermined flood risks.
Flood zone Average annual rate Average monthly rate

























Source: National Flood Insurance Program

As the table above shows, flood insurance rates may vary greatly depending on where you live. Rates are not only high for areas on the Florida coast, but inland counties and cities can also be at risk of flooding due to rivers and lakes.

Flood insurance requirements in Florida

You are required by the U.S. government to have flood insurance if you meet the following criteria: (1) you live in a Special Flood Hazard Area and (2) you have a federally backed mortgage. Your mortgage lender can also require you to have flood insurance, even if the government doesn't.

Do you need flood insurance in Florida?

Since Florida is a coastal state, many homes are at risk of flooding. According to the National Flood Insurance Program, zone X, which is a moderate or minimal-risk zone depending on where you live, has the second highest losses after zone AE in the state. This is why we recommend getting flood insurance no matter where you live in Florida.

Florida flood insurance in SFHAs

In particular, AE flood zones or any zone designated by the letters A or V are prone to flooding. These areas have a 1% chance of flooding annually. If you live in an AE zone and have a federally backed mortgage, you are required to purchase flood insurance.

Flood insurance statistics in Florida

According to the NFIP, thirty-three percent of households in Florida have flood insurance, which is the second-highest percentage among U.S. states. According to Statesatrisk.org, 3.5 million people in Florida are at risk of coastal flooding, and by 2050, over 1 million additional people are predicted to be at risk of flooding due to sea level rise.

Every part of the U.S., regardless of how far inland it is or its climate, is at risk of flooding. This is especially true of Florida: the state had 193,941 claims that were closed with payment through the NFIP in the 2021 fiscal year as of March 31st, 2021. Therefore, we recommend purchasing flood insurance, no matter where you live in Florida.

Private insurance vs. NFIP

A big difference between private and NFIP flood insurance is coverage limits. NFIP flood insurance has a maximum limit of $250,000 for building coverage and $100,000 for possessions, while private flood insurance may have higher coverage limits.

However, NFIP flood insurance is widely available, while the availability of private flood insurance varies based on the company.

NFIP flood insurance writers

We recommend choosing a company that will make servicing your policy as simple as possible. For instance, if you already have home or auto insurance with Allstate, it may make sense to try to get an NFIP policy through Allstate as well. Here's a list of a few insurance companies that write NFIP flood insurance policies:

  1. Wright National Flood
  2. Assurant
  3. Selective
  4. The Hartford
  5. Allstate
  6. USAA
  7. Farmers
  8. National General Holdings
  9. American Family
  10. Bankers Insurance
  11. Auto-Owners

For a complete list of writers of NFIP policies in Florida, see NFIP's flood insurance company list.

Private flood insurance writers

According to the Insurance Information Institute, Zurich Insurance Group, Assurant and AIG account for 38% of all private flood insurance policies nationally. The following insurance companies are the biggest writers of private flood insurance in the U.S.

Top writers of private flood insurance by market share
Company Market share

Zurich Insurance Group




American International Group (AIG)




Swiss Re


Arch Capital Group


Berkshire Hathaway


Liberty Mutual






Source: 2020 data from NAIC, sourced from S&P Global Market Intelligence, Insurance Information Institute


We sourced our data exclusively through government agencies. Rate and loss data came from FEMA, and demographic data came from the U.S. Census Bureau.


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