Find the best home insurance companies in your area, learn about the average cost of home insurance where you live, and more with our ultimate guide to home insurance in Florida.
Learn more about home insurance in Florida
Latest on Florida's home insurance crisis
With insurance companies limiting their coverage or leaving Florida, it can be difficult to track which insurance options are (and aren't) available. To help Florida homeowners navigate this complex situation, we put together a roundup of the latest and most pressing insurance news from across the state.
A survey by Redfin and Zillow reports that 11.9% of homeowners in Florida plan to move in the next year due to climbing insurance rates — compared to just 6.2% of U.S. homeowners who plan to move on the national level. (April 2024)
A report slams Demotech — the rating firm that measures the financial strength and stability of insurance carriers in Florida — for inflating ratings of Florida home insurance carriers. "Nearly 20% of the companies doing business in Florida that Demotech rated as financially stable went insolvent during the period 2009 to 2022." This report hints that the home insurance market in Florida may be even more at risk than everyone originally thought. (April 2024)
Florida Governor Ron DeSantis warned homeowners that Citizens Insurance, the state-backed insurer of last resort, was insolvent. However, economists and insurance experts have ruled that this statement is mostly false. "Insolvency means a company cannot pay its bills today. That’s not so with Citizens, which has a $5 billion surplus and expects a surplus of more than $6 billion by the end of 2024." (March 2024)
Here's a look at some of the latest home insurance companies to pull back on coverage in Florida, along with those that are still writing policies in the Sunshine State.
Nationwide not renewing some policies in high-risk areas (December 2023)
Farmers Insurance no longer selling new policies (July 2023)
AAA not renewing some policies in high-risk areas (July 2023)
AIG no longer selling or renewing policies (March 2022)
Progressive no longer selling new policies (April 2022)
You can stay up to date on which companies are still writing policies in Florida with our Home Insurance Availability Guide for States in Crisis.
Best Florida home insurance company reviews
Company | Average annual cost | |
$721 | ||
$1,189 | ||
$2,227 | ||
Universal Property | $2,314 | |
$4,658 | ||
N/A | ||
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Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Find the best home insurance companies in your city
City | Average annual cost | |
$1,909 | ||
$1,884 | ||
$3,572 | ||
$2,502 | ||
$1,945 | ||
$2,315 | ||
$1,888 | ||
$2,266 |
