Chubb offers the cheapest rates for home insurance in Florida, with an average rate of $134 a month. Tower Hill Prime is the next-cheapest at $148 a month. United is third at $172 a month.
Florida homeowners insurance rates come in higher than the national average, making comparing providers for the best combo of policy price and coverage important. We'll go over the most popular home insurance companies operating in Florida to help you understand your choices.
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The cheapest home insurance companies in Florida
Chubb has the lowest rate for home insurance in Florida, with an average of $134 a month. Tower Hill Prime and United offer affordable rates to the state's homeowners, too, with Tower Hill Prime averaging $148 a month and United averaging $172.
| Company | Monthly rate |
|---|---|
| Chubb | $134 |
| Tower Hill | $148 |
| United | $172 |
| Universal | $210 |
| Progressive | $219 |
| State Farm | $233 |
| Fednat | $238 |
| Heritage | $245 |
| Homeowners Choice | $252 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is home insurance in Florida?
The average rate for home insurance in Florida is $206 a month. This is 29% higher than the national average homeowners insurance rate of $159 a month.
Your final home insurance quote is based on different variables, including:
- The location of the house
- The home's age
- Construction materials
- Extreme weather trends
- Your claim history
A standard home insurance policy tends to be the same regardless of which company sells it to you. Why the different prices? Insurers put different risk weights on policy factors. For example, one company may consider the age of your home to be a bigger risk than another. On top of the above-average costs of home insurance in Florida already, this makes it important to compare home insurance quotes online from multiple companies.
If you're looking to lower your premium, increasing a policy’s deductible from $500 to $2,000 decreases the annual cost of home insurance in Florida by 19%.
| Deductible | Average annual rate |
|---|---|
| $500 | $2,714 |
| $1,000 | $2,467 |
| $1,500 | $2,454 |
| $2,000 | $2,193 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your home insurance premiums will also change based on the dwelling coverage amount you need for your home. Your dwelling coverage should equal the cost of rebuilding your home. The table below shows how the average annual premium can vary based on dwelling coverage.
| Dwelling coverage amount | Average annual rate |
|---|---|
| $200,000 | $1,967 |
| $275,000 | $2,467 |
| $350,000 | $3,034 |
| $425,000 | $3,644 |
| $500,000 | $4,263 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Find your best rate on home insurance in Florida
Florida's best home insurance companies
We found Chubb and Progressive to be the best home insurance providers currently operating in Florida. Here's why:
Chubb: Best for rates and for high-end homes
$1,608 yearly
35% lower than state average
$2,467 yearly
0.13
The NAIC complaint index measures the complaints policyholders file against an insurer with the average complaint index being 1.0.
On top of the best rates, Chubb is the best choice for insuring luxury homes. Its Masterpiece home insurance plan includes the following for people looking to insure their high-end homes for a reasonable cost:
- Extended replacement cost coverage to rebuild the home after a total loss, even if the cost exceeds your dwelling coverage limit.
- You can choose to get a cash payout rather than repairing the home.
- Choose your own specialty contractors.
Chubb has a low customer satisfaction ranking in J.D. Power’s home insurance study. It has a score of 809 out of 1,000, while the average score in the study is 819.
Below is a table showing Chubb's rates in the five biggest cities in Florida.
| City | Monthly rate |
|---|---|
| Cape Coral | $91 |
| Fort Lauderdale | $176 |
| Hialeah | $193 |
| Jacksonville | $108 |
| Miami | $180 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Progressive: Best discount options
$2,628 yearly
you can save an average of 5% bundling
Progressive has a wide array of discounts to get your premium lower. For example:
- You can save up to 5% off your home and auto insurance policies when you bundle them.
- If you get a quote from Progressive at least 10 days before the expiration of your current policy, you may qualify for a discount.
- If your home is newly constructed, or if you're just buying a new home and switching from renters insurance, there are discounts for you.
Progressive has an average annual rate that is higher than the state average by about $160.
Florida's cheapest home insurance by city and county
Of the five largest cities in Florida, residents pay the cheapest rates for home insurance with United at $82 a month, on average. Cape Coral has the second-lowest rate of $83 a month with United, as well as the third-cheapest with Chubb at $91 a month.
| Company | Cape Coral | Fort Lauderdale | Hialeah | Jacksonville | Miami |
|---|---|---|---|---|---|
| Chubb | $91 | $176 | $193 | $108 | $180 |
| Fednat | $180 | $428 | $735 | $184 | $555 |
| Heritage | $162 | $438 | $592 | $161 | $565 |
| Homeowners Choice | $257 | $376 | $407 | $155 | $499 |
| Progressive | $132 | $413 | $564 | $148 | $492 |
| State Farm | $206 | $256 | $460 | $194 | $340 |
| Tower Hill Prime | $92 | $234 | $303 | $122 | $273 |
| United | $83 | $316 | $412 | $82 | $305 |
| Universal | $218 | $411 | $738 | $138 | $329 |
| Average | $158 | $339 | $489 | $144 | $393 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
Of Florida's five largest counties, Broward County has the lowest average rate of $79 a month with United, followed by Lee County, also with United, at $82 a month. Lee County also has the third-cheapest rate with Tower Hill at $89 a month.
| Company | Brevard | Broward | Duval | Hillsborough | Lee |
|---|---|---|---|---|---|
| Chubb | $111 | $164 | $108 | $140 | $95 |
| FedNat | $161 | $434 | $180 | $180 | $163 |
| Heritage | $172 | $456 | $163 | $186 | $163 |
| Homeowners Choice | $223 | $371 | $158 | $223 | $255 |
| Progressive | $148 | $418 | $145 | $198 | $149 |
| State Farm | $192 | $290 | $193 | $207 | $203 |
| Tower Hill | $112 | $233 | $124 | $176 | $89 |
| United | $90 | $442 | $79 | $110 | $82 |
| Universal | $148 | $401 | $136 | $159 | $217 |
| Average | $151 | $357 | $143 | $175 | $157 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
Florida homeowners insurance for hurricanes, floods, and sinkholes
In Florida, standard homeowners insurance covers some, but not all, of the damage that could occur from extreme weather. Here's how insurance covers your home from wind and flooding:
- Wind: Standard homeowners insurance usually covers wind damage, but insurance companies offer policies that exclude windstorm coverage in parts of the state with the highest risks. If you buy a homeowners policy with a wind exclusion, you'll need to get a separate windstorm insurance policy to protect your home from potential wind and hail damage.
- Floods: Homeowners insurance does not cover damage from floods. Instead, you have to buy a separate flood insurance policy for protection. Flood insurance is available through the government-run National Flood Insurance Program (NFIP) and private companies. You can usually buy NFIP and private flood insurance from insurance companies serving your community.
Many parts of Florida are also susceptible to sinkholes. While all Florida homeowners insurance policies include catastrophic ground collapse coverage, this coverage only kicks in if a sinkhole leaves your home uninhabitable and meets other criteria. Separate, standalone sinkhole insurance is available to cover expenses resulting from non-catastrophic sinkhole damage.
Methodology
We collected quotes from every ZIP code in Florida for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Car insurance by city
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