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Best homeowners insurance in Florida for 2025

Updated May 01, 2025
According to Bankrate's extensive analysis, Chubb and State Farm are among the best Florida home insurance companies.
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Compare the best homeowners insurance companies in Florida

With extreme weather and a coastal location, the insurance market can be difficult to navigate, but Bankrate can help you find the best homeowners insurance in Florida. Our insurance editorial team, which includes licensed insurance agents, assesses premium data from Quadrant Information Services, customer satisfaction ratings from J.D. Power and financial strength ratings from AM Best to reveal the top insurers in each state.

Because Florida homes face certain risks, coverage may be limited based on an insurance company's eligibility criteria, which can include restrictions related to certain ZIP codes, homes of a specific age and homes lacking safety features, like wind mitigation measures. Bankrate’s editorial team confirmed these four Florida homeowners insurance companies are actively writing new policies, but note that the Florida home insurance market is rapidly changing.

688
/1,000
$605
$7,266
643
/1,000
$175
$2,094
Not rated
$400
$4,802
Not rated
N/A
N/A
*Premiums are for $300K in dwelling coverage

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Top 4 home insurance companies in Florida

Best for high-value homes

Chubb

4.6

Rating: 4.6 stars out of 5

Avg. premium for $300K dwelling

$605/mo

Avg. premium for $300K dwelling

$7,266/yr

Customer satisfaction

688/1,000

Best for local agents

State Farm

4.1

Rating: 4.1 stars out of 5

Avg. premium for $300K dwelling

$175/mo

Avg. premium for $300K dwelling

$2,094/yr

Customer satisfaction

643/1,000

Best for customizable coverage

Tower Hill

3.4

Rating: 3.4 stars out of 5

Avg. premium for $300K dwelling

$400/mo

Avg. premium for $300K dwelling

$4,802/yr

Customer satisfaction

Not rated

Best for digital tools

Kin

2.9

Rating: 2.9 stars out of 5

Avg. premium for $300K dwelling

Not available

Avg. premium for $300K dwelling

Not available

Customer satisfaction

Not rated

Additional Florida home insurance companies to consider

Florida Peninsula

Florida Peninsula

Homeowners who want to support a local company

Citizens

Homeowners who can’t find coverage elsewhere

TypTap

TypTap

Homeowners who want a fast and simple quote process

How Bankrate chose the best home insurance companies in Florida

Bankrate’s insurance editorial team follows the turbulence in the Florida home insurance market closely, and we know how difficult finding coverage can be. We want to make shopping for homeowners insurance in Florida as easy as possible by providing up-to-date and reliable information. In our quest to find the best Florida homeowners insurance companies, we started by analyzing average rates from Quadrant Information Services for the largest companies in Florida by market share. 
 
Price isn’t everything, though, especially in a state like Florida that is facing an insurance crisis. We also analyzed coverage offerings and discounts that may be appealing to homeowners in the Sunshine State, third-party ratings and scores, digital tools, availability and corporate sustainability programs. We combined these metrics into a Bankrate Score on a scale of 0.0 to 5.0. Our Bankrate Score model may help you quickly see how the various companies stack up.
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Cheapest home insurance companies in Florida

Securing cheap homeowners insurance in Florida might be challenging. However, knowing which companies have more affordable average premiums can be a helpful starting point on your shopping journey. Remember that some providers cover wind loss from hurricanes, while others exclude this coverage. These exclusions can vary between ZIP code and policy type and could significantly impact insurance rates.

$175
$2,094
- $3,198
Security First
$323
$3,879
- $1,413
American Integrity
$390
$4,675
- $617
$400
$4,802
- $490
Florida Peninsula
$422
$5,058
- $234
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How to get cheap Florida home insurance

Florida has a complex home insurance market. It’s important to set realistic expectations around the cost of Florida home insurance before you start shopping for coverage. Simply finding coverage at all can be a challenge and should be homeowners’ top priority. With insurance companies still feeling the financial impact of excessive litigation, Hurricane Ian and inflation, the average price of home insurance in Florida will likely continue to increase. However, there are some strategies you can use to potentially save money in the Sunshine State:

How to save on home insurance policy renewals

Once a policy is secured, there are even more strategies to help lower your insurance premium or offset increases at renewal time:

  • Maintain your roof. Homes with newer roofs generally qualify for lower rates or possible discounts since they may provide better physical protection in the event of a covered incident.
  • Maintain your credit. Credit can be a rating factor for home insurance. While there isn't a quick fix to restore poor credit, maintaining a good credit standing and working to improve credit over time can help. Once your credit has moved into a better credit category, let your insurance company know as it may be able to update your policy to a better rate at renewal.
  • Limit your claims. Insurance aims to provide financial support when a loss is more significant than your budget can reasonably handle. However, the more claims you make, the more expensive your policy can get. Additionally, multiple claims could lead to a policy nonrenewal. Insurance professionals recommend only submitting claims when you cannot afford to pay for the repairs yourself.
  • Install wind and flood mitigation updates. If a wind mitigation inspection shows your home has eligible wind-mitigation features, you could qualify for significant wind mitigation discounts from your insurer, which are required by Florida regulations. Popular updates include installing storm or hurricane shutters or retrofitting your existing roof to be more wind resistant. The Federal Emergency Management Agency (FEMA) recommends that homeowners in flood-prone zones elevate their homes above flood levels — though this choice is cost prohibitive for many homeowners. Generally, a wind mitigation inspection costs around $200. The inspector will determine if you have roof fasteners (such as clips, wraps or straps) installed, whether your windows are impact-resistant, how many nails each of your roof shingles have and how far apart they are, among other things. Once the inspection is complete, you will receive a report for your insurer to review for possible discounts. 

 

Best home insurance discounts in Florida

Discounts can be a great way to lower your home insurance premium and might help you find the best cheap Florida home insurance for your needs. Discounts and qualifications vary by insurance company though, so be sure to talk to your carrier about your specific situation.

Here are some common discounts that Florida homeowners may want to take advantage of:

How much does home insurance cost in Florida?

The average cost of homeowners insurance in Florida is $5,292 per year for a $300,000 dwelling coverage policy. This is about 133 percent more than the national average premium of $2,329 per year for the same amount of coverage. Keep in mind that your premium will depend on your specific rating profile, which includes factors like your home’s location and features, your claims history, the insurance company you choose, and the specific coverage types and limits you select.

Florida homeowners insurance rates by city

In every state, home insurance rates will vary by city. This is especially true in Florida, because some areas of the state are at a much higher risk for hurricane damage than others.
  • Tallahassee: $2,176 per year — 59 percent below state average
  • Alachua: $2,195 per year — 58 percent below state average
  • Evinston: $2,196 per year — 58 percent below state average
  • Waldo: $2,196 per year — 58 percent below state average
  • Earleton: $2,196 per year — 58 percent below state average

*For a policy with $300K in dwelling coverage

Related content:

Explore Florida average annual home insurance premium costs

The amount of coverage you purchase is one of the biggest factors that impacts your home insurance premium. More coverage generally costs more money, but also provides broader financial protection. Below are the average Florida homeowners insurance rates by coverage level.

Keep in mind, though, that dwelling coverage isn’t the only coverage type on a home insurance policy. Your dwelling coverage covers the structure of your house, while your liability coverage, for example, protects your finances from the fallout of injuries and damage to the property of others that you are found at fault for. Increasing or decreasing either coverage type — or any of the other types of home insurance coverage on your policy — will affect your premium. Your dwelling limit is also one of the most important parts of your home insurance policy, as some other coverages are calculated as a percentage of the dwelling limit.

Coverage level Florida's average annual premium
$150K dwelling $2,991
$300K dwelling $5,292
$350K dwelling $5,904
$450K dwelling $6,997
$750K dwelling $8,521

What does home insurance cover in Florida?

Understanding what your Florida home insurance covers is important when building a policy that meets your needs. Many parts of Florida are prime targets for tropical storms, and the state has historically endured more hurricane landfalls than any other state in the country. Due to the high possibility of hurricanes and flooding, Florida homeowners may want to consider the potential damage resulting from these perils when choosing their insurance coverage. Here are some of the most common types of damage that may cause Floridians to file home insurance claims:

  • Floods and water damage: Heavy rains and storm surges can cause extensive flooding and water damage, even to inland locations. However, flood damage is not covered in a standard homeowners insurance policy, so you will likely need to purchase a separate flood insurance policy.
  • Wind: In Florida, wind-related damage can be incredibly costly. Home insurance typically includes windstorm coverage, and in Florida, carriers are required to cover wind damage from hurricanes and tropical storms except for when legal exclusions apply. However, a separate hurricane deductible is required for named storms and will typically be 1 to 5 percent of your dwelling coverage amount. Some homeowners may need to secure a separate Florida windstorm policy.
  • Fire: Hurricanes and extreme weather can cause damage to your home’s electrical system, which might start a fire. The good news is standard home insurance policies cover accidental fire damage, but you will likely want to ensure you have enough coverage to pay for your home and belongings in the event of a total loss.

Most common disasters in Florida

Disasters with the most substantial impact on Florida residents are floods, tropical cyclones, severe storms, tornadoes and wildfires. When forecasts indicate that an impending storm may result in catastrophic loss, the governor of the affected state or territory can submit a request to the president for an emergency declaration. Once approved, this frees up federal funds for emergency services, hopefully reducing the human impact of the disaster. The governor can also request a major disaster declaration for natural events exceeding the state's capacity to aid its residents.

Climate scientists consider 1988 as the watershed year for climate change due to its record-breaking temperatures, droughts and wildfires, which finally prompted the creation of the Intergovernmental Panel on Climate Change (IPCC). The following chart uses FEMA's historical disaster declaration data from the past 35 years to show which months in Florida have the most disasters.

The Atlantic hurricane season runs from June 1st through November 30th, with August, September and October having the highest number of declared disasters associated with hurricanes and flooding. Historically, May and September have the highest number of disasters.

Disasters by month in Florida

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The chart has 1 X axis displaying Months.
The chart has 1 Y axis displaying Number of declared disasters in Florida. Data ranges from 0 to 15.
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Hurricane season 2024

Florida experienced nearly 20 named storms in 2024, with five having reached major hurricane level like Hurricanes Helene and Milton. Living in the path of a hurricane comes with major financial risks, but understanding your home insurance policy can help mitigate some of them. Here's a rundown of what you need to know about home insurance and hurricanes:

Wildfire risk in Florida

Wildfires are becoming more common in Florida. Most of Central and South Florida rates between very high and relatively moderate on FEMA's National Risk Index for wildfires. According to the Insurance Information Institute, over 2.5 million were considered at risk for extreme wildfires in 2024.

Florida is not  currently at high risk for wildfires as of December 2024, according to the National Interagency Fire Center. However, continued drought activity in the state could lead to more wildfires. By March 2025, predictions show that most of Florida could be at high risk for wildfires.

Related content:

Common Florida home insurance problems

The cost of Florida home insurance has never been higher, but homeowners have been dealing with a turbulent home insurance market since 2019. There are several reasons why homeowners insurance in Florida is problematic for both homeowners and insurance companies. The biggest reason is the same reason why so many Americans flock to Florida for vacation every year — location. 

Florida has 1,350 beautiful miles of coastline with flat topography and limestone bedrock. That, combined with the warm waters of the Gulf of Mexico, means that about 77 percent of Floridians live on land inherently vulnerable to hurricanes and flooding. Location aside, here are some other common Florida homeowner problems:

Why it's difficult to get home insurance in Florida

There are many reasons why a home insurance company may deny coverage for a Florida home. These may relate to a home's characteristics or your characteristics as the homeowner. Some potential reasons for home coverage denial include: 

  • Age of structure: Older homes with outdated electrical and plumbing systems are at higher risk for fire and water losses. Some Florida insurers are restricting home policy sales to dwellings less than 40 years old. 
  • Age of roof: Until recently, Florida insurance companies could deny policies if the roof of a home was over 15 years old. Due to new laws enacted last year, homeowners can get an inspection proving their roof has at least five more years of useful life to potentially increase their chance of coverage approval. 
  • Location: Category one and two hurricanes bring wind speeds between 74 and 110 mph, while major hurricanes can go up to 157 mph or more. Homes located in high-wind areas are more likely to have expensive and repeated wind claims. Location-related denial factors may also include theft and vandalism rates. 
  • Claim history of the home: Even if you were not the homeowner at the time of the loss, a home with a claim history outside of the insurer's underwriting guidelines could be denied coverage.
  • Claim history of the homeowners: A homeowner who has filed multiple claims over the course of a few years may be viewed as ‘too risky’ and denied coverage.

Florida home insurance problems: what to do

Securing an affordable home insurance policy may be challenging in many parts of Florida. The last thing you want to see in the mail is a cancellation letter or nonrenewal notice. Homeowner policy cancellations usually happen mid-term and must be for a specific reason, such as inaccuracies on your policy application or premium nonpayment. Nonrenewals occur before your policy renews and can happen for a multitude of reasons. In both situations, the insurer is required to give the homeowner sufficient notice before the coverage is ended with valid reasoning as to why the decision was made.

If you have received a nonrenewal or cancellation notice in regard to repairs or updates needed on your home, the best course of action may be to contact your insurer right away. By providing certain documents, you may be able to get the company to rescind the nonrenewal. For example, if the notice was due to your home’s maintenance, you may be able to continue coverage if you prove that the necessary repairs have been completed or have a contract showing that repairs will be started soon.

If you are unable to work with your existing carrier to continue coverage, it may be time to shop for a new policy. It can take a while to secure the best home insurance policy for your needs, and with so few carriers available in the state, you may struggle to find one on your own. If this happens, you may want to connect with a local agent for assistance. You may also need to apply for a policy with Citizens, Florida’s FAIR Plan for high-risk properties.

Recent news: Florida home insurance market remains volatile

Since 2003, 41 Florida insurance companies have failed or declared bankruptcy. Florida’s home insurance market remains in flux even after insurance reform bills were signed into law in 2022 and 2023. The companies that remain active in Florida will likely have to increase rates to maintain sufficient claims reserves to handle widespread hurricane claims. Many insurance claims may also be rejected. Data from Weiss Ratings suggests that nearly 50 percent of claims were rejected by six large Florida insurance companies in 2023.

Stabilizing an insurance market takes time, and it may be years before homeowners see relief from high-priced homeowners insurance policies or have more carrier options to choose from. Insurance companies find it difficult, if not impossible, to remain solvent in a state where the risk of widespread damage is high, and the risk of crippling litigation is higher. Many in the insurance industry are hopeful that these new laws will begin to solve the Florida homeowners insurance crisis.

While rates remain high, there is a sign that change is on the horizon — Citizens Insurance was able to move over 428,000 policies to private insurers, and as of January 2025, more than 10 new insurance companies have entered the market.

Bankrate continues to monitor the evolving situation in the Florida homeowners insurance market to help our readers navigate this challenge. Here's what you need to know:

Florida homeowners insurance developments

  • February 2025:

    Due to the ongoing effort to depopulate Citizens, it now has around 844,000 policies on the books — the lowest amount since spring 2022. Additionally, Citizens was approved for a 14 percent rate increase, effective June 1, 2025. Across all personal residential policies, the average increase is about 6.5 percent. Wind-only policies will see an average increase of 14.4 percent, secondary homes 17 percent and multi-peril policies — the most common type of home policy — an average increase of 6.6 percent. Around 20 percent of Citizen homeowners will see a decrease averaging 5.6 percent.

  • October 2024:

    Hurricane Milton landed on the coast of Florida as a category 4 hurricane. Milton caused a destructive storm surge and dozens of tornadoes. Damage is still being weighed from Milton, but analysts predict the total insurance costs could be as much as $60 billion.

  • September 2024:

    Hurricane Helene hit the Florida coast as a category 4 hurricane, bringing record-breaking weather and damages. Some estimates place the economic toll upwards of $200 billion, potentially making it one of the most costly storms in U.S. history.

  • August 2024:

    Senator Rick Scott introduced the Homeowners Premium Tax Reduction Act. If signed into law, the bill would allow for a tax deduction of up to $10,000 for homeowners insurance at a primary residence.

  • July 2024:

    The My Safe Florida Home (MSFH) initiative, a program where Floridians can apply for grants for home mitigation projects, ran out of funding just two weeks after applications opened. The program exhausted the $500,000 earmarked for 3,442 new home inspection applications.

  • June 2024:

    Citizens’ board of governors voted unanimously to increase home insurance rates by an average of 14 percent. The increase is still pending approval from the Office of Insurance Regulation. If approved, policyholders with Citizens would see the new rates go into effect on January 1, 2025 — including condo and commercial lines. However, Citizens says it needs a rate raise of 93 percent to remain competitive.

  • April 2024:

    Eight new property insurers were approved to enter the strained Florida home insurance market: Ovation Home Insurance Exchange, Manatee Insurance Exchange, Condo Owners Reciprocal Exchange, Orange Insurance Exchange, Orion180 Select Insurance, Orion180 Insurance Company, Mainsail Insurance Company and Tailrow Insurance Company.

  • January 2024:

    New home insurance providers are entering the Florida market. New options include Condo Owners Reciprocal Insurance, Mainsail Insurance Company, Orange Insurance Exchange, Orion 180 Insurance Company, Orion 180 Select Insurance Company and Tailrow Insurance Company, which shares a parent company with TypTap Insurance.

  • December 2023:

    Florida’s Insurance Commissioner Michael Yaworsky approved six new home insurance companies to help Citizens Property Insurance depopulate its book of business effective Dec. 15, 2023. Slide Insurance, TypTap Insurance, SafePoint Insurance, Florida Peninsula Insurance, American Traditions Insurance Company and Edison Insurance will make offers to Citizens policyholders, which could relieve the “insurer of last resort” of 153,000 policies.

  • June 2023:

    The Farmers Group and AIG change their insurance offerings in Florida due to an increasing number of risky natural hazards and inflated rebuilding costs. Farmers is not accepting new business and nonrenewing existing Farmers-branded auto, home and umbrella policies. This action impacts about 100,000 policy holders. AIG is no longer offering home insurance on the coastline.

  • April 10, 2023:

    Insurance Commissioner Michael Yaworsky approves the 1 percent emergency assessment request from the Florida Insurance Guaranty Association. The fee is the result of more than 20,000 unpaid Hurricane Ian claims from defunct UPC Insurance, and would help pay off the $750 million in revenue bonds the Guaranty Association required to honor remaining claims. It will take effect Oct. 1, 2023, and run until the bonds are paid. Policyholders can expect this fee to appear on any policies renewed or issued after Oct. 1, 2023.

  • March 24, 2023:

    Gov. Ron DeSantis signs House Bill 837, a broad tort reform that eliminates one-way attorney fees and fee multipliers for all lines of insurance sold in Florida. It also addresses bad faith lawsuit provisions. In advance of this bill becoming law, more than 280,000 lawsuits were filed against Florida insurers in March. The Triple-I said this extreme level of litigation abuse will delay market stabilization and continue the trend of large annual premium increases.

  • Feb. 6, 2023:

    United Property & Casualty (UPC) is the seventh insurance company placed in receivership due to insolvency after Hurricane Ian. The devastating effects of Hurricane Ian are likely to complicate the issues in the Florida home insurance market. It’s possible that more companies will go insolvent or leave the state due to the influx of claims.

  • Dec. 16, 2022:

    Gov. Ron DeSantis holds a Special Session primarily focused on property law. Senate Bill 2A is signed into law, drastically altering the homeowners insurance claim process, regulation of insurance companies and reinsurers, flood insurance requirements and more. The bill ended one-way attorney fees for plaintiffs and banned assignment-of-benefits agreements with contractors — two things that helped spur on excessive claims lawsuits.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze May 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage limits:

User Icon
40 year old
Married male and female homeowners
Logo for Brand name
2017 build year
Primary home
Credit Good Icon
Good credit score
Home Insurance Guide Icon
Clean claim history

Dwelling coverage

$300,000

Other structures coverage

$30,000

Personal property coverage

$150,000

Loss of use coverage

$60,000

Liability coverage

$500,000

Medical payment coverage

$1,000

The homeowners also have a $1,000, $1,500, $2,000 or $5,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Additional profiles:

  • Coverage A, Dwelling: $150,000, $350,000, $450,000, $750,000
  • Coverage B, Other Structures: $15,000, $35,000, $45,000, $75,000
  • Coverage C, Personal Property: $75,000, $175,000, $225,000, $375,000
  • Coverage D, Loss of Use: $30,000, $70,000, $90,000, $150,000
  • Coverage E, Liability: $500,000
  • Coverage F, Medical Payments: $1,000

Bankrate Scores

Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

Overall rating

Pie chart with 5 slices.
End of interactive chart.
5
Rating: 5 stars out of 5
Overall Score
  • Cost & ratings 50%
  • Coverage & savings 30%
  • Support 20%
  • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, our team analyzed average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
  • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
  • Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.
Written by
Shannon Martin
Bankrate Insurance Expert | Writer, Insurance
Shannon Martin is a licensed insurance agent and Bankrate analyst with over 15 years of experience in the industry. She enjoys helping others navigate the insurance world by cutting through complex jargon and empowering readers to make strong financial decisions independently.
Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute