Average homeowners insurance cost in Florida

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Florida homeowners insurance costs $4,405 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Florida.

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

Homeowners insurance costs $4,405 a year in Florida for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Florida will increase to $5,520 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Florida for dwelling coverage limits 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 determine rates based on risk factors. When calculating premiums, they consider your location, claims history, credit history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas 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 a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in Florida by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Travelers received the lowest NAIC score and an AM Best rating of A++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater 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 providers in Florida factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Florida, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Florida

Not every area in Florida has the same home insurance cost. How much you pay for homeowners insurance in Florida depends on many factors, including your ZIP code. Our data shows that 32306 ZIP has low-cost home insurance rates in Florida, at about $2,895 a year or $241 monthly.

Below you can find homeowners insurance rates for some of 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 is a key factor in determining the cost of your homeowners insurance coverage. In Florida, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

33070 has the most expensive homeowners insurance rates in Florida at an average annual cost of $26,067.

Below, we’ve highlighted some of the most expensive ZIP codes in Florida for home 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 following data highlights the changes in homeowners insurance rates since 2019.

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

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting 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.