Nerdy takeaways
The cheapest renters insurance companies in Florida are Allstate and Citizens Property Insurance, according to NerdWallet’s rate analysis.
Amica, State Farm and USAA are the best renters insurance companies in Florida.
The average cost of renters insurance in Florida is $150 per year, or about $13 per month.
Living in Florida has perks like beaches, sunshine and never having to shovel your car out of the snow. But renters should also prepare for the risks of life in the Sunshine State. Renters insurance in Florida can cover your belongings for damage from hurricanes, tropical storms, sinkholes and other disasters.
Florida renters insurance costs $150 per year, on average, or about $13 per month. For comparison, the national average is slightly higher at $165 per year. NerdWallet compared companies across the state to find the best and cheapest renters insurance in Florida.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
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The cheapest renters insurance in Florida
Below are the five companies offering the cheapest renters insurance rates in Florida, according to our analysis.
Note: Citizens Property Insurance is the state’s insurer of last resort, so it’s not available to everyone. You can buy insurance through Citizens only if you’ve been denied by other Florida insurers or if quotes from other companies are more than 20% higher than the rate Citizens offers you.
Company | Average annual rate | Average monthly rate |
|---|---|---|
$95 | $8 | |
$115 | $10 | |
$125 | $10 | |
$125 | $10 | |
Universal Property | $155 | $13 |
*Citizens Property Insurance is the state’s insurer of last resort, so it’s not available to everyone. | ||
» MORE: The cheapest renters insurance
The best renters insurance in Florida
If you’re looking for good coverage from a reliable company, consider buying a policy from one of these highly rated insurers.
Company | NerdWallet star rating | Best for... |
|---|---|---|
Customer service | ||
Value | ||
Discounts | ||
Digital tools | ||
USAA* | Military families | |
*USAA renters policies are available only to active military, veterans, some federal workers and their families. | ||
» MORE: Best renters insurance companies
More about the best renters insurance companies in Florida
See more details about each company to help you decide which one is best for you.
Good customer service and solid coverage make Amica one of our top picks for renters insurance.
Coverage
More than average
Discounts
Great set of discounts
NAIC complaints
Far fewer than expected
Amica is known for strong customer service. It scored above average for consumer satisfaction in a recent JD Power study and draws a very low rate of complaints. The insurer also offers several ways to get customer service, plus a robust website that allows you to file and track claims.
Average rates: Not available.
» MORE: Amica renters insurance review
$30K personal property coverage
$125 /year
$10 /month
The country’s biggest home insurer offers solid renters insurance with lots of ways to manage your policy online.
Coverage
More than average
Discounts
Great set of discounts
NAIC complaints
Close to expected
State Farm earned a high score in our analysis while offering rates that are cheaper than Florida’s average. The insurer offers several useful add-ons for renters. For example, you can add identity restoration coverage to your policy for $25 a year. This helps you monitor and recover your credit after an identity theft incident. Another feature you can add to a State Farm renters policy is inflation coverage. This raises your coverage limits to keep up with rising prices.
Average rates: Below are State Farm’s average rates for a range of personal property coverage limits in Florida.
Personal property limit | Average annual rate | Average monthly rate |
|---|---|---|
$10,000 | $95 | $8 |
$30,000 | $125 | $10 |
$50,000 | $165 | $14 |
$70,000 | $195 | $16 |
$100,000 | $240 | $20 |
$30K personal property coverage
$115 /year
$10 /month
Allstate is a solid all-around choice for renters insurance, with broad availability and competitive rates.
Coverage
About average
Discounts
Great set of discounts
NAIC complaints
Close to expected
Allstate offers lots of ways to save on your policy, including discounts for bundling, setting up autopay and not filing any recent claims. The insurer has a user-friendly website where you can get a quote and manage your policy. For those who’d rather talk to a human, the company has a network of agents across the country.
Average rates: Below are Allstate’s average rates for a range of personal property coverage limits in Florida.
Personal property limit | Average annual rate | Average monthly rate |
|---|---|---|
$10,000 | $65 | $5 |
$30,000 | $115 | $10 |
$50,000 | $170 | $14 |
$70,000 | $230 | $19 |
$100,000 | $320 | $27 |
$30K personal property coverage
$125 /year
$10 /month
Offers user-friendly digital tools, including a well-rated app.
Coverage
About average
Discounts
Great set of discounts
NAIC complaints
Close to expected
Nationwide’s digital tools make it simple to buy and manage the company’s policies. The insurer’s website is easy to navigate, with features that let you get quotes, file and track claims, and pay your bills. You can also access several of these functions using Nationwide’s highly rated mobile app.
Average rates: Below are Nationwide’s average rates for a range of personal property coverage limits in Florida.
Personal property limit | Average annual rate | Average monthly rate |
|---|---|---|
$10,000 | $115 | $10 |
$30,000 | $125 | $10 |
$50,000 | $140 | $12 |
$70,000 | $150 | $13 |
$100,000 | $160 | $13 |
USAA renters insurance has some of the broadest coverage in the industry. However, only the military community and select others can buy it.
Coverage
More than average
Discounts
Great set of discounts
NAIC complaints
Fewer than expected
Unlike most renters policies, USAA renters insurance covers flood and earthquake damage. It also includes replacement cost coverage for your belongings, so any payouts will be enough to buy brand-new items.
USAA sells policies only to active military, veterans, some federal workers and their families. If you live in military housing, you may be eligible for a renters insurance discount.
Average rates: Not available.
» MORE: USAA renters insurance review
How much is renters insurance in Florida?
The average cost of renters insurance in Florida is $150 a year, or about $13 a month, according to NerdWallet’s rate analysis. That’s cheaper than the national average of $165 per year.
In most states, including Florida, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Florida, those with poor credit pay an average of $205 per year for renters insurance, according to NerdWallet’s rate analysis. That’s about 37% more than those with good credit.
Average cost of renters insurance in Florida by city
How much you pay for Florida renters insurance will depend on where you live. For example, the average cost of renters insurance in Miami is $215 per year, while renters in Orlando pay just $150 per year, on average.
Below are average rates for renters insurance in 25 of Florida’s largest cities.
City | Average annual rate | Average monthly rate |
|---|---|---|
Boca Raton | $152 | $13 |
Bradenton | $164 | $14 |
Cape Coral | $140 | $12 |
Fort Lauderdale | $152 | $13 |
Fort Myers | $149 | $12 |
Gainesville | $139 | $12 |
Hialeah | $232 | $19 |
Hollywood | $152 | $13 |
Homestead | $220 | $18 |
Jacksonville | $179 | $15 |
Kissimmee | $146 | $12 |
Lake Worth | $152 | $13 |
Lakeland | $146 | $12 |
Miami | $215 | $18 |
Naples | $192 | $16 |
Ocala | $154 | $13 |
Orlando | $150 | $13 |
Pensacola | $152 | $13 |
Pompano Beach | $151 | $13 |
Port St. Lucie | $147 | $12 |
Sarasota | $129 | $11 |
St. Petersburg | $163 | $14 |
Tallahassee | $138 | $12 |
Tampa | $162 | $13 |
West Palm Beach | $152 | $13 |
» MORE: How much is renters insurance?
What to know about Florida renters insurance
Florida is prone to natural disasters like hurricanes, tropical storms, sinkholes and tornadoes. Unfortunately, a standard renters insurance policy won’t cover them all.
Hurricanes, tropical storms and tornadoes
Most renters policies won't cover damage due to flooding. Say you live in a ground-floor apartment and your belongings are ruined by storm surge. You probably don't have coverage unless you’ve added flood insurance to your policy. Learn more about flood insurance for renters.
Most renters policies cover damage caused by wind. However, if you live in high-risk area of Florida, you might need to buy this coverage separately. Check your policy or call your agent to make sure you understand what’s included.
Sinkholes
Florida law requires insurance companies to cover damage from “catastrophic ground cover collapse.” This means a sudden collapse that leaves a visible depression in the ground. For coverage to apply, the building foundation must be damaged so badly that the structure is condemned. Sinkhole damage that doesn’t meet these conditions isn’t covered.
You can generally buy more comprehensive sinkhole coverage for an additional cost. Citizens Property Insurance includes sinkhole loss coverage in all of its renters policies.
What determines Florida renters insurance rates?
The average premiums on this page can give you a rough idea of what you might pay, but your own price will depend on several factors.
Your credit
As noted above, renters with a checkered credit history often pay more for insurance than those with good or excellent credit. Building your credit may help you pay less for renters insurance.
Here’s how credit scores can impact renters insurance rates, on average, for different personal property coverage limits.
Personal property limit | Poor credit | Good credit |
|---|---|---|
$10,000 | $150 | $115 |
$30,000 | $205 | $150 |
$50,000 | $265 | $190 |
$70,000 | $350 | $245 |
$100,000 | $490 | $310 |
Your coverage limits
In general, the more coverage you need, the more it will cost. If you have higher-end furnishings or a larger home, you’ll probably pay more than someone with secondhand furniture in a studio apartment.
Here’s how much renters insurance costs, on average, for various amounts of personal property coverage.
Personal property limit | Average annual rate | Average monthly rate |
|---|---|---|
$10,000 | $115 | $10 |
$30,000 | $150 | $13 |
$50,000 | $190 | $16 |
$70,000 | $245 | $20 |
$100,000 | $310 | $26 |
Where you live
If you live in a coastal community or a neighborhood with more crime than average, you may pay higher rates. Your home’s proximity to fire hydrants or stations can also affect your cost.
Your claims history
If you’ve filed any renters insurance claims in the past few years, your insurer may charge you more. Here’s how filing one theft claim affects average annual rates for a range of personal property coverage limits.
Personal property limit | Theft claim | No claim |
|---|---|---|
$10,000 | $145 | $115 |
$30,000 | $160 | $150 |
$50,000 | $205 | $190 |
$70,000 | $265 | $245 |
$100,000 | $340 | $310 |
Your home’s features
Do you live in a gated community or a building with a security guard? Do you have a home security system or fire alarm? These features could earn you discounts on renters insurance.
Your deductible
Choosing a higher deductible can save you money on your Florida renters policy. (A deductible is the amount of a claim you need to pay.) Just make sure you can cover the deductible in a pinch.
Here’s how raising your deductible from $500 to $1,000 may affect renters insurance rates for a range of personal property coverage limits. Note that the amount you save on your premium may not be worth the higher deductible you’d have to pay if you needed to file a claim.
Personal property limit | $1,000 deductible | $500 deductible |
|---|---|---|
$10,000 | $115 | $115 |
$30,000 | $140 | $150 |
$50,000 | $170 | $190 |
$70,000 | $215 | $245 |
$100,000 | $275 | $310 |
Other policies
Many carriers offer bundling discounts if you buy both renters and auto insurance. Read our list of the best auto and renters insurance bundles.
Your dog
Because renters liability insurance can cover damages if your pet bites someone, you might pay more — or not be covered at all — if you have a dog. Many insurance companies consider certain breeds to be a higher risk, including pit bulls and Doberman pinschers. Read more about pet liability insurance.
Florida Office of Insurance Regulation
Have complaints or questions about your Florida renters insurance? The Florida Office of Insurance Regulation may be able to help. You can call the consumer helpline at 877-693-5236 or get other services on the agency’s website.
Frequently asked questions
It’s not required by law, but some landlords may require renters insurance. Even if yours doesn’t, you may want a policy to cover your belongings in case of fire, theft or other disasters. See six reasons not to skip renters insurance.
Both national and local insurers sell renters insurance in Florida. These include companies like State Farm, Allstate and Tower Hill. Shop around for renters insurance quotes to find the right company for you.
A standard renters policy will cover your belongings for fires, theft and wind damage, among other problems. However, it typically won't cover flood damage. For that, you’ll need separate flood insurance. Renters policies also include liability coverage, which pays if you hurt someone else or damage their property. Learn more about renters insurance coverage.
The best way to save money on your policy is by shopping around with multiple insurers. (For the fairest comparison, get quotes for the same amount of coverage from each company.) You may also be able to lower your rate by bundling renters and auto insurance, signing up for autopay or choosing a higher deductible.
NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines.
- 1.JD Power. 2026 U.S. Home Insurance Study. Accessed Sep 23, 2026.
- 2.2012 Florida Statutes. 627.706 Sinkhole insurance; catastrophic ground cover collapse. Accessed Sep 23, 2026.
Renters insurance star rating methodology
NerdWallet’s renters insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including affordability, financial strength, consumer experience and coverage quality. 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 renters insurance rating methodology.
Insurer complaints methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners from 2023 through 2025. To assess how insurers compare with 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.
Renters insurance rates methodology
To find the national cost of renters insurance, NerdWallet calculated the median rate from multiple insurance companies in every ZIP code across all 50 states and Washington, D.C. To find the average cost of renters insurance in a state or city, we took the median annual rate across every company where coverage and rates were available. For each company, the average rate is the median of its ZIP-code-level rates across the state. Some rates were rounded to the nearest $5.
Sample tenants were nonsmokers with good credit and no recent claims, living in a two-bedroom apartment. They had a $500 deductible and the following coverage limits:
$30,000 in personal property coverage.
$100,000 in liability coverage.
$10,000 in additional living expenses coverage.
$1,000 in medical payments coverage.
To see rates for renters with poor credit, we changed the credit tier from “good” to “poor” as reported to the insurer.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
