Average renters insurance cost in Florida

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Renters insurance in Florida costs an average of $215 per year, or $18 per month. That’s for a standard policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible – a solid starting point for most renters.

Your actual rate depends on how much coverage you choose, which insurance company you go with, and personal factors like your ZIP code, claims history, and in some states, credit score

How much does renters insurance cost in Florida?

The average monthly cost of renters insurance in Florida is $18 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Florida: Where to start

Renters insurance in Florida averages $215 per year, or $18 per month for a standard policy
If you’re looking for the lowest price, Nationwide tends to offer the most competitive rates in Florida, averaging around $132 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Florida?

The most affordable renters insurance in Florida comes from Nationwide, which averages $132 per year. State Farm and Security First Insurance are also competitive options for budget-conscious renters.

Keep in mind that the cheapest policy isn’t always the right one – coverage limits, deductibles, and available discounts all matter. The table below compares average annual and monthly rates from leading insurers in Florida.

Company	Average annual rate	Average monthly rate
Nationwide	$132	$11
State Farm	$146	$12
Security First Insurance	$165	$14
Citizens Property Insurance	$179	$15
Allstate	$193	$16
Universal Insurance Holding	$256	$21
Progressive	$287	$24
HCI Group Inc	$388	$32

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history and other rating factors.

Renters insurance calculator in Florida

$203/year

Estimated renters insurance rates in Florida

$17

Monthly renters insurance cost in Florida

-25%

Compared to national average

How much does renters insurance cost by coverage level in Florida?

The average annual cost of renters insurance in Florida is $215, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $147 a year for renters insurance in Florida. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows average annual renters insurance premiums in Florida for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$147	$12
$20,000 with $500 Deductible and $300,000 Liability	$159	$13
$20,000 with $1,000 Deductible and $100,000 Liability	$135	$11
$20,000 with $1,000 Deductible and $300,000 Liability	$147	$12
$40,000 with $500 Deductible and $100,000 Liability	$224	$19
$40,000 with $500 Deductible and $300,000 Liability	$236	$20
$40,000 with $1,000 Deductible and $100,000 Liability	$203	$17
$40,000 with $1,000 Deductible and $300,000 Liability	$215	$18
$60,000 with $500 Deductible and $100,000 Liability	$301	$25
$60,000 with $500 Deductible and $300,000 Liability	$313	$26
$60,000 with $1,000 Deductible and $100,000 Liability	$273	$23
$60,000 with $1,000 Deductible and $300,000 Liability	$285	$24

People also ask: How much renters insurance coverage do I need?

Most renters need enough coverage to replace their personal belongings and protect against liability claims. A common starting point is $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. That said, the right amount really depends on the value of what you own, any endorsements you might add for higher-value items, and how much risk you’re comfortable carrying yourself.

Renters insurance rates in Florida by city

See rates in your city

How much does renters insurance cost by city in Florida?

Renters insurance rates in Florida aren’t the same across the board – where you live within the state can make a noticeable difference. Local factors like crime rates, weather exposure, and population density all influence what insurers charge.

Here’s a look at how average rates compare across major cities in Florida.

Does your ZIP code affect renters insurance rates in Florida?

Your ZIP code is one of the biggest factors insurers use to set rates. Local risks like theft, fire and weather claims can drive premiums up or down, so two renters with the same coverage may pay very different prices.

In Florida, rates range from about $161 in 32110 to $414 in 33070. Here are the cheapest and most expensive ZIP codes for renters insurance in Florida.

Why your ZIP code affects renters insurance costs

Insurers use local risk data to calculate renters insurance premiums, which means rates can vary significantly by neighborhood and ZIP code.

Factors that affect renters insurance rates include:

Local theft and vandalism rates
Weather risks such as hurricanes, floods, or wildfires
Fire claims and rebuilding costs in your area

Even moving a few ZIP codes away can affect your monthly premium.

What are the most affordable ZIP codes for renters insurance in Florida?

In Florida, your ZIP code plays a major role in determining your premiums. Based on our data, 32110 is the most affordable ZIP code for renters insurance, with an average annual cost of $161.

ZIP codes with lower theft rates and fewer severe weather claims tend to have more affordable renters insurance premiums.

ZIP code	City	Average annual rate	Average monthly rate
32110	Bunnell	$161	$13
32164	Palm Coast	$162	$13
32706	Cassadaga	$165	$14
32190	Seville	$165	$14
32124	Daytona Beach	$166	$14
32130	De Leon Springs	$166	$14
32713	Debary	$166	$14
32720	Deland	$166	$14
32725	Deltona	$166	$14
32722	Glenwood	$166	$14

What are the least affordable ZIP codes for renters insurance in Florida?

33070 is the most expensive ZIP code for renters insurance in Florida, at an average cost of $414 annually or $35 monthly.

Here are the average annual renters insurance rates for every ZIP code in Florida, based on quotes from major insurers.

ZIP code	City	Average annual rate	Average monthly rate
33070	Islamorada Village of Islands	$414	$35
33037	Key Largo	$414	$35
33040	Key West	$411	$34
33043	Big Pine Key	$408	$34
33051	Key Colony Beach	$408	$34
33001	Long Key	$408	$34
33050	Marathon	$408	$34
33052	Marathon Shores	$408	$34
33042	Summerland Key	$408	$34
33013	Hialeah	$375	$31

How to lower your renters insurance, even in a high-cost ZIP code

Compare at least 3 quotes – rates for the same coverage can vary by $100+ between insurers in the same ZIP code
Bundle with auto insurance to save 5% to 15% on your renters policy
Ask about safety device discounts for smoke detectors, deadbolts, security systems, and smart-home monitoring
Raise your deductible from $500 to $1,000 to save around 10%
Check claims-free discounts if you haven’t filed a claim in 3+ years

Is renters insurance worth it in Florida?

For most renters in Florida, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey â€“ over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance typically covers your personal belongings, liability protection and additional living expenses if your rental becomes uninhabitable. This includes damage or loss from events like fire, theft and vandalism, as well as legal or medical costs if someone is injured in your home. Coverage details vary by policy, so it’s important to review limits and exclusions.

Do I really need renters insurance in Florida?

Renters insurance isn’t always required by law, but it’s often worth having because it protects your belongings and provides liability coverage. Even a basic policy can cover thousands of dollars in losses from theft, fire or damage, which can be costly to replace out of pocket. Many landlords also require renters insurance as part of the lease.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

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Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.