Average homeowners insurance cost in Florida

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Florida is $4,405 a year.

Continue reading to learn more about homeowners insurance rates in Florida by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $4,405 a year, based on Insure.com analysis.
Of all the ZIP codes in Florida, 32306 has the most affordable home insurance rates at around $2,895 annually.
In Florida, Travelers provides the most affordable home insurance at an average annual premium of $1,755.

Average home insurance cost in Florida by coverage level

The average cost of homeowners insurance in Florida is $4,405 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $5,520 per year for homeowners insurance in Florida for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Florida for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,754	$313
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,773	$314
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$4,405	$367
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$4,419	$368
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$5,520	$460
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$5,516	$460
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$9,617	$801
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$9,637	$803
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$17,142	$1,428
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$17,162	$1,430

Homeowners insurance companies in Florida decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Florida

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Florida using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Florida. Based on the analysis, Travelers received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Travelers	$1,755	A++	0.54	5
Security First Insurance	$3,694	A	0.88	4.45
State Farm	$4,806	A++	0.95	4.39
Allstate	$4,916	A+	0.9	4.3
HCI Group Inc	$4,887	A	0.65	4.27
Nationwide	$5,611	A+	0.87	4.18
Universal Insurance Holding	$6,484	A	2.01	3.78
Citizens Property Insurance	$8,632	A	0.25	3.66
FedNat Holding	$7,212	A	4.92	3.21
Progressive	$4,638	A+	8.45	3.21

Average homeowners insurance cost by company in Florida

Travelers offers the most affordable homeowners insurance in Florida, at an average annual premium of $1,755, followed by Security First Insurance and Nationwide.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Florida homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Travelers	$1,755	$146
Security First Insurance	$4,185	$349
Nationwide	$5,611	$468
American Integrity Insurance	$5,890	$491
State Farm	$6,211	$518
HCI Group Inc	$6,267	$522
Progressive	$6,518	$543
Heritage Insurance Holdings	$8,001	$667
FedNat Holding	$9,827	$819
Universal Insurance Holding	$10,736	$895
Allstate	$12,424	$1,035
Citizens Property Insurance	$20,527	$1,711

Florida homeowners insurance rates by ZIP code

Insurance companies in Florida assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Florida. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Florida

Homeowners insurance costs in Florida can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 32306 area has the most affordable insurance rates, at $2,895 annually or $241 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Florida.

ZIP code	Average annual rate	Average monthly rate
32306	$2,895	$241
32308	$2,921	$243
32304	$2,929	$244
32312	$2,930	$244
32303	$2,933	$244
32317	$2,934	$244
32309	$2,948	$246
32311	$2,958	$246
32310	$2,972	$248
32305	$2,975	$248

Most expensive ZIP codes for home insurance rates in Florida

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Florida, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Florida, 33070 has the highest homeowners insurance rates, at $26,067 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Florida for homeowners insurance:

ZIP code	Average annual rate	Average monthly rate
33070	$26,067	$2,172
33037	$25,697	$2,141
33036	$25,532	$2,128
33001	$25,502	$2,125
33154	$25,479	$2,123
33149	$25,432	$2,119
33051	$25,200	$2,100
33050	$25,186	$2,099
33160	$24,988	$2,082
33180	$24,933	$2,078

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Florida by city

See rates in your city

Home insurance rate trend in Florida

We analyzed home insurance rate trends in Florida and found that homeowners insurance rates experienced an overall increase of 5% or $205, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$4,015	$4,200	$4,405

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Florida.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.