Average renters insurance cost in Florida

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Renters in Florida pay an average of $215 annually – or $18 per month – for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible. For most renters, this is a practical benchmark to start from.

Your actual premium is shaped by the amount of coverage you select, the insurer you go with, and individual factors such as your ZIP code, claims history, and depending on your state – your credit score.

How much does renters insurance cost in Florida?

At $18 per month, renters insurance in Florida is based on a policy with $40,000 in personal property coverage and $300,000 in liability protection. Your premium will shift depending on your location, the coverage limits you set, and the total worth of your possessions. Shopping around and comparing quotes from different insurers is one of the most effective ways to keep costs manageable.

It’s worth remembering that a higher deductible might reduce your monthly premium, while broader coverage for valuables such as electronics or jewelry will increase it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Florida: Where to start

On average, renters insurance in Florida costs $215 per year, or $18 per month
Among all providers in Florida, Nationwide consistently comes in with the lowest average rates – around $132 per year
Because premiums can vary significantly from one insurer to the next, comparing multiple quotes before settling on a policy is always a good idea

Which companies offer the cheapest renters insurance in Florida?

Nationwide offers the most affordable renters insurance in Florida, with an average annual cost of $132. State Farm and Security First Insurance are also worth considering if you’re looking to keep costs down.

Choosing the cheapest insurer isn’t always the best option, so it’s important to review coverage limits, deductibles, and available discounts alongside price. The table below shows average annual and monthly rates from a range of 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 renters insurance premium in Florida is $215, based on $40,000 in personal property coverage, $300,000 in liability, and a $1,000 deductible.

Dropping your personal property coverage from $40,000 to $20,000 could bring your annual cost down to around $147. Just make sure $20,000 would actually be enough to replace what you own before making that change.

The table below shows average annual premiums in Florida at both the $20,000 and $40,000 personal property coverage levels.

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?

The right amount of coverage depends on the value of your belongings and how much financial risk you’re willing to take on. Most renters do well with $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. If you own high-value items like jewelry or electronics, you may want to add endorsements on top of your base policy.

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.

Renters insurance rates in Florida by city

See rates in your city

Does your ZIP code affect renters insurance rates in Florida?

When it comes to pricing renters insurance, your ZIP code carries a lot of weight. Insurers look at the risk profile of your specific area – including local theft levels, weather exposure, and claims history – to determine your rate. Two renters with identical policies can pay very different premiums simply because of where they live.

Across Florida, annual premiums range from around $161 in 32110 to $414 in 33070. The cheapest and most expensive ZIP codes in Florida are listed below.

Why your ZIP code affects renters insurance costs

Renters insurance premiums are calculated using localized risk data, so rates can vary considerably depending on your neighborhood and ZIP code.

Factors that influence pricing include:

Local rates of theft and vandalism
Exposure to weather events such as wildfires, floods, or hurricanes
Fire incident history and repair costs in your area

A change of just a few ZIP codes can meaningfully affect your monthly rate.

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

Among all ZIP codes in Florida, 32110 has the lowest average annual renters insurance rate at $161.

Lower theft rates and fewer weather-related claims are the main drivers behind more affordable premiums in these areas.

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 carries the highest average renters insurance cost in Florida at $414 per year, or $35 per month.

Below are average annual renters insurance rates for every ZIP code in Florida.

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

Compare quotes from a minimum of 3 insurers – pricing for the same coverage can vary by over $100 within a single ZIP code
Bundle renters and auto insurance with the same provider to unlock savings of 5% to 15%
Look into discounts tied to safety features. Smoke detectors, deadbolts, security cameras, and smart home systems can all qualify
Consider raising your deductible to $1,000 if it’s currently $500 – the savings can be around 10% annually
Ask your insurer about claims-free discounts if you’ve gone 3 or more years without filing

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

Is renters insurance worth it in Florida?

For the vast majority of renters in Florida, a renters insurance policy is a smart financial decision. It covers your personal belongings against fire, theft, vandalism, and certain disasters, and provides liability protection if a guest is injured in your home.

Data from the US Department of Commerce, US Census Bureau, and American Community Survey shows that roughly 48% of renter households in the US spend more than 30% of their income on housing costs – which means every recurring expense, including insurance, deserves careful consideration.

The best approach is to compare policies rather than just prices. Coverage quality, deductibles, and customer service all factor into whether a policy is actually good value. Paying a little more for stronger coverage often makes sense when it’s time to file a claim.

Frequently asked questions

What does renters insurance actually cover?

A standard renters insurance policy covers personal belongings, liability, and additional living expenses if your rental becomes unlivable. It protects against losses from events like fire, theft, and vandalism, and can cover legal or medical costs if someone is hurt on your property. Always check the specific limits and exclusions in any policy you’re considering.

Do I really need renters insurance in Florida?

While renters insurance isn’t legally required in most cases, it provides real financial protection that’s hard to replicate otherwise. Even a basic policy can cover thousands of dollars in losses from theft, fire, or accidental damage – costs that would otherwise come straight out of pocket. Many landlords in Florida also make renters insurance a condition 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.