The Best Home Insurance in Florida for 2022

Florida home insurance is getting more expensive and harder to find. Here are a few companies to consider.

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Although Florida can be appealing to those who enjoy warm weather, living in the Sunshine State has its hazards, too. The average cost of homeowners insurance in Florida is $2,122 a year, or about $177 a month, according to a NerdWallet rate analysis. And that number is on the rise.

Florida home insurance rates have shot up in recent years due to frequent natural disasters and litigation expenses that insurers pass on to consumers. In the face of heavy losses, many insurers have raised rates, stopped selling policies in Florida or simply gone out of business. Some experts believe that massive claim losses from Hurricane Ian may deal a devastating blow to companies on the brink.

Residents of Florida still have options when it comes to getting homeowners insurance. Here are a few companies to consider.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data, and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

The best homeowners insurance in Florida

Below is a list of well-rated home insurance companies in Florida, plus their average annual rate, when available. Click on the company name to read our review.

Company

Average annual rate

NerdWallet star rating

$1,472

5.0

NerdWallet rating 

$1,641

4.0

NerdWallet rating 

$1,719

4.0

NerdWallet rating 

$3,692

5.0

NerdWallet rating 

Rates unavailable

4.5

NerdWallet rating 

The most affordable companies on this list may not necessarily be the best for your coverage needs, so we encourage you to shop around with multiple insurers. Here’s more information.

The best affordable option: Nationwide

With its combination of low rates and high NerdWallet rating, we consider Nationwide to be the best homeowners insurance company in Florida for many people.

Nationwide offers a variety of ways to customize your policy. For example, you may be able to add coverage for things like identity theft, high-value items and backed-up sewers and drains. Another option worth considering is “replacement cost plus,” which extends your dwelling coverage limit by 50% or even 100% in case it costs more than expected to rebuild your home after a disaster.

One perk of Nationwide homeowners policies is that they come with some “ordinance or law” coverage. This coverage pays to bring your home up to the latest building codes during repairs after a covered claim.

Because Nationwide sells homeowners policies through independent agents in Florida, you can’t get an online quote.

To learn more, read NerdWallet’s Nationwide home insurance review.

The newcomer: Kin

Founded in 2016, Kin is an insurance startup that sells policies directly to consumers. It stands out for its generous default coverage, including replacement cost coverage for your personal belongings. That means if a covered disaster destroys your stuff, your policy will pay enough for you to buy brand-new replacements. (Some companies pay less due to depreciation of older items.)

However, Kin doesn’t include animal liability in its standard policies. If you want coverage in case your dog bites a little kid or breaks a neighbor’s valuable vase, you’ll need to add it as an endorsement to your policy.

Kin offers discounts for things like windproofing your home, living in a gated community and having water detection devices.

For more information, read our Kin home insurance review.

More Florida home insurance companies

Having trouble finding an affordable rate or getting coverage from one of the best Florida home insurers above? Here are a few other companies you can try.

Company

Average annual rate

NerdWallet star rating

People's Trust

$1,382

Not rated

Tower Hill

$1,778

3.0

NerdWallet rating 

Armed Forces Insurance*

$1,936

3.5

NerdWallet rating 

American Integrity

$2,122

Not rated

Heritage

$2,372

Not rated

American Strategic

$2,531

3.0

NerdWallet rating 

*Armed Forces Insurance sells homeowners insurance mostly to the military community.

The insurer of last resort: Citizens Property Insurance Corporation

Although NerdWallet doesn’t have access to average homeowners insurance rates from Citizens, we include it here because many Florida homeowners find themselves with nowhere else to turn for coverage.

Citizens is a government entity created in 2002 by the Florida Legislature to serve as an "insurer of last resort" for eligible homeowners who can't get coverage on the private market. You may qualify for insurance from Citizens if:

  • You can’t find a standard insurer willing to sell you a policy.

  • The premiums offered by other insurers are more than 20% higher than the rates offered by Citizens.

Because Citizens pays claims entirely using the money it collects in premiums, a severe storm can be very costly for policyholders. If Citizens finds itself in a situation where it cannot pay out all claims, it’s legally required to charge an assessment of up to 45% of your annual premium to make up for that shortfall.

Average homeowners insurance cost in Florida by city

You may pay more or less than the state average for your homeowners insurance, depending on where in Florida you live. Check out the average cost of home insurance for 25 major Florida cities below.

City

Average annual rate

Average monthly rate

Boca Raton

$2,302

$192

Boynton Beach

$2,336

$195

Bradenton

$1,528

$127

Cape Coral

$1,759

$147

Clearwater

$1,723

$144

Coral Springs

$3,172

$264

Fort Lauderdale

$3,045

$254

Fort Myers

$1,799

$150

Gainesville

$1,873

$156

Hialeah

$3,994

$333

Hollywood

$3,118

$260

Jacksonville

$1,619

$135

Kissimmee

$2,401

$200

Lake Worth

$2,313

$193

Lakeland

$2,222

$185

Miami

$3,614

$301

Miramar

$3,202

$267

Naples

$1,848

$154

Ocala

$1,841

$153

Orlando

$2,286

$191

Port St. Lucie

$1,789

$149

St. Petersburg

$1,628

$136

Tallahassee

$2,018

$168

Tampa

$2,295

$191

West Palm Beach

$2,222

$185

Why is homeowners insurance so expensive in Florida?

The cost of homeowners insurance in Florida is skyrocketing for several reasons. First, the state sees a lot of expensive natural disasters, such as hurricanes. The higher the risk of damage, the more insurance companies charge — and rates will likely go up again in the wake of Hurricane Ian.

Second, homeowners insurance rates are rising across the country due to inflation and supply chain issues that make it more expensive to rebuild or repair damaged homes.

But most importantly, insurers in Florida face more lawsuits than in any other state, and the cost of all this litigation trickles down to consumers. Florida has 8% of the country’s homeowners insurance claims but 79% of lawsuits against insurance companies, according to data analysis by the Insurance Information Institute.

Here’s how it often works: An unscrupulous roofing contractor goes door to door, offering to inspect homeowners’ roofs. The contractor says they find damage and asks the homeowner to sign an “assignment of benefits” form so the roofer can file a claim on their behalf. If the insurance company refuses to pay the claim, the contractor sues the insurer. The insurance company often ends up settling or shelling out exorbitant legal fees to defend itself.

What to know about Florida homeowners insurance

Floridians should make sure their homes are covered for some of the state’s most common natural disasters.

Hurricanes and tropical storms

Florida sees the most hurricane landfalls of any U.S. state. Hurricanes and other tropical storms typically cause two types of damage — wind and water — and a standard homeowners insurance policy may not fully cover them.

Just about every home insurance policy excludes coverage for flood damage. If you’re at risk, consider buying flood insurance through the federal government’s National Flood Insurance Program or a private provider.

Wind damage usually is covered by homeowners insurance, but those in high-risk coastal locations may have to purchase this coverage separately.

Note that if your homeowners insurance policy does include wind coverage, there may be a separate deductible for claims stemming from a named hurricane. For example, you may have chosen a $1,000 deductible for your policy, but the hurricane deductible may be a higher amount, such as 2% of your dwelling coverage. On a house with $300,000 in dwelling coverage, you’d be responsible for the first $6,000 of any hurricane-related repairs.

Learn more about hurricane insurance.

Sinkholes

Florida also ranks No. 1 in the nation for sinkholes, with the highest risk in the northern and central parts of the state. By law, homeowners insurers in Florida must offer coverage for “catastrophic ground cover collapse,” a specific type of sinkhole damage.

In order for this coverage to apply, all of the following conditions must be met:

  • The ground cover must suddenly collapse.

  • The depression in the ground cover must be visible to the naked eye.

  • There must be structural damage to the building’s foundation.

  • A government agency must order the building condemned and vacated.

Because some sinkhole damage may not meet all these conditions, you may want to add specific sinkhole coverage to your policy.

How to get cheap Florida home insurance

In the face of rising homeowners insurance premiums, here are a few tips that may help you find cheaper options.

Strengthen your home against hurricanes. By law, Florida insurance companies must offer homeowners insurance discounts to policyholders whose homes are less likely to suffer wind damage. Examples of improvements that could save you money are adding storm shutters and upgrading how your roof is attached.

Bundle your policies. Many insurers give discounts when you purchase more than one policy, such as homeowners and auto.

Ask about other discounts. You may be able to save money if you live in a gated community, have a burglar alarm or haven’t filed any claims in the past.

Shop around. The most affordable option for your home may change from time to time, so we recommend shopping for home insurance quotes once a year. Compare at least three options to make sure you’re getting the best deal.

Florida department of insurance

The Florida Office of Insurance Regulation oversees the state’s insurance industry. You can use the agency’s website to file a complaint against your insurance company, ask questions and get information about different types of insurance. The agency’s toll-free helpline is 877-693-5236.

Looking for more insurance in Florida?

Frequently asked questions

Homeowners insurance isn’t required by law in Florida. However, if you have a mortgage, your lender will likely require you to buy a policy.

Some of the biggest homeowners insurance providers in the state by market share include Universal, State Farm, Tower Hill, USAA and Heritage, according to the NAIC. Citizens Insurance, the state’s insurer of last resort, is writing an ever-growing number of policies as other companies go out of business or reduce coverage.

Methodology

NerdWallet averaged rates for 40-year-old homeowners from a variety of insurance companies in every ZIP code across the state. Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1997. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We used the same assumptions for all other homeowner profiles, with the following exceptions:

  • For homeowners with a claims history, we added a single water damage claim.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for homeowners with poor credit.

  • To see the effect of changing your deductible, we raised the deductible from $1,000 to $2,500.

  • For homeowners with newer homes, we changed the year the house was built to 2021.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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