Chubb offers the cheapest rates for home insurance in Florida, with an average rate of $155 a month. Tower Hill Prime is the next cheapest at $166 a month.
Florida homeowners insurance rates come in higher than the national average, making comparing providers for the best combo of policy price and coverage important. We'll go over the most popular home insurance companies operating in Florida to help you understand your choices.
In this article
The cheapest home insurance companies in Florida
Chubb has the lowest rate for home insurance in Florida, with an average of $155 a month. Tower Hill Prime offers affordable rates to the state's homeowners, too, with Tower Hill Prime averaging $166 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| Chubb | $1,863 | $155 |
| Tower Hill | $1,994 | $166 |
| Progressive | $2,919 | $243 |
| State Farm | $3,031 | $253 |
| Universal | $3,153 | $263 |
| Heritage | $3,442 | $287 |
| Homeowners Choice | $3,562 | $297 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
How much is home insurance in Florida?
The average rate for home insurance in Florida is $206 a month. This is 26% higher than the national average homeowners insurance rate of $159 a month.
Your final home insurance quote is based on different variables, including:
- The location of the house
- The home's age
- Construction materials
- Extreme weather trends
- Your claim history
A standard home insurance policy tends to be the same regardless of which company sells it to you. Why the different prices? Insurers put different risk weights on policy factors. For example, one company may consider the age of your home to be a bigger risk than another. On top of the above-average costs of home insurance in Florida already, this makes it important to compare home insurance quotes online from multiple companies.
If you're looking to lower your premium, increasing a policy’s deductible from $500 to $2,000 decreases the annual cost of home insurance in Florida by 17%.
| Deductible | Average annual rate |
|---|---|
| $500 | $2,642 |
| $1,000 | $2,469 |
| $1,500 | $2,452 |
| $2,000 | $2,229 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your home insurance premiums will also change based on the dwelling coverage amount you need for your home. Your dwelling coverage should equal the cost of rebuilding your home. The table below shows how the average annual premium can vary based on dwelling coverage.
| Dwelling coverage amount | Average annual rate |
|---|---|
| $200,000 | $1,961 |
| $275,000 | $2,469 |
| $350,000 | $3,040 |
| $425,000 | $3,677 |
| $500,000 | $4,347 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Find your best rate on home insurance in Florida
Florida's best home insurance companies
We found Chubb and Progressive to be the best home insurance providers currently operating in Florida. Here's why:
Chubb: Best for rates and for high-end homes
$1,863 yearly
28% lower than state average
$2,418 yearly
0.13
The NAIC complaint index measures the complaints policyholders file against an insurer with the average complaint index being 1.0.
On top of the best rates, Chubb is the best choice for insuring luxury homes. Its Masterpiece home insurance plan includes the following for people looking to insure their high-end homes for a reasonable cost:
- Extended replacement cost coverage to rebuild the home after a total loss, even if the cost exceeds your dwelling coverage limit.
- You can choose to get a cash payout rather than repairing the home.
- Choose your own specialty contractors.
Chubb has a low customer satisfaction ranking in J.D. Power’s home insurance study. It has a score of 809 out of 1,000, while the average score in the study is 819.
Below is a table showing Chubb's rates in the five biggest cities in Florida.
| City | Chubb |
|---|---|
| Cape Coral | $146 |
| Fort Lauderdale | $459 |
| Hialeah | $627 |
| Jacksonville | $164 |
| Miami | $547 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Progressive: Best discount options
$2,919 yearly
you can save an average of 5% bundling
Progressive has a wide array of discounts to get your premium lower. For example:
- You can save up to 5% off your home and auto insurance policies when you bundle them.
- If you get a quote from Progressive at least 10 days before the expiration of your current policy, you may qualify for a discount.
- If your home is newly constructed, or if you're just buying a new home and switching from renters insurance, there are discounts for you.
Progressive has an average annual rate that is higher than the state average by about $500.
Florida's cheapest home insurance by city and county
Jacksonville residents pay the cheapest rates for home insurance with Progressive at $126 a month, on average. Cape Coral has the lowest rate of $102 a month with Tower, as well as the second-cheapest with Progressive at $106 a month. We listed average rates for some of the biggest cities in Florida below.
| Company | Cape Coral | Fort Lauderdale | Hialeah | Jacksonville | Miami |
|---|---|---|---|---|---|
| Chubb | $146 | $459 | $627 | $164 | $547 |
| Heritage | $190 | $513 | $693 | $189 | $662 |
| Homeowners Choice | $304 | $448 | $480 | $183 | $590 |
| Progressive | $106 | $204 | $224 | $126 | $210 |
| State Farm | $224 | $278 | $498 | $210 | $368 |
| Tower Hill | $102 | $266 | $342 | $137 | $308 |
| Universal | $272 | $514 | $923 | $173 | $411 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
We listed average rates for some of the biggest counties in Florida below.
| Company | Brevard | Broward | Duval | Hillsborough | Lee |
|---|---|---|---|---|---|
| Chubb | $164 | $464 | $161 | $220 | $165 |
| Heritage | $202 | $533 | $190 | $217 | $191 |
| Homeowners Choice | $263 | $442 | $187 | $263 | $301 |
| Progressive | $129 | $191 | $126 | $163 | $110 |
| State Farm | $209 | $314 | $210 | $225 | $221 |
| Tower Hill | $125 | $264 | $138 | $200 | $99 |
| Universal | $185 | $501 | $170 | $199 | $270 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
Florida homeowners insurance for hurricanes, floods, and sinkholes
In Florida, standard homeowners insurance covers some, but not all, of the damage that could occur from extreme weather. Here's how insurance covers your home from wind and flooding:
- Wind: Standard homeowners insurance usually covers wind damage, but insurance companies offer policies that exclude windstorm coverage in parts of the state with the highest risks. If you buy a homeowners policy with a wind exclusion, you'll need to get a separate windstorm insurance policy to protect your home from potential wind and hail damage.
- Floods: Homeowners insurance does not cover damage from floods. Instead, you have to buy a separate flood insurance policy for protection. Flood insurance is available through the government-run National Flood Insurance Program (NFIP) and private companies. You can usually buy NFIP and private flood insurance from insurance companies serving your community.
Many parts of Florida are also susceptible to sinkholes. While all Florida homeowners insurance policies include catastrophic ground collapse coverage, this coverage only kicks in if a sinkhole leaves your home uninhabitable and meets other criteria. Separate, standalone sinkhole insurance is available to cover expenses resulting from non-catastrophic sinkhole damage.
Florida homeowner report
The average cost of home insurance in Florida is currently $2,469 a year. This is 29% more than the national average of $1,903 a year.
That may sound high, but Florida is far from being the most expensive state for home insurance. Florida has plenty of other challenges related to home insurance, though – many of which are causing insurance rates to go up as we speak.
Most of Florida’s home insurance challenges are tied to the state’s unique geography and exposure to natural disasters. In particular, both hurricanes and flooding are so common that insurance companies have grown wary of the associated property damage risks. Many insurers have responded by raising their policyholders’ premiums and deductibles. Others have become more selective in who they’ll sell policies to, and several have left the market entirely. The most recent example is Farmers. It’s doubtful it’ll be the last.
How much these and other challenges impact the price of buying and owning a home in Florida depends on where you live in the state. Keep reading to learn more, including which Florida cities are the most and least expensive for home price and insurance cost.
Key findings:
- Miami Beach, Weston and Palm Beach Gardens are the most expensive cities for homeownership in Florida.
- Ocala, Tallahassee and Daytona Beach are the cheapest cities in which to own a home.
- Hialeah is the most expensive city for home insurance rates. Gainesville is the cheapest.
- About 98% of homeowners claims are for property damage, while just 2% are liability claims.
- Home prices in Florida increased 174% on average over the last 10 years.
Most and least expensive cities to live in Florida
Miami Beach is by far the most expensive city in which to buy a home in Florida. Average home prices in Miami Beach are three times what the average homeowner in runner-up Weston pays.
Ocala and Tallahassee are the most affordable cities in Florida to buy and own a home. The average home price in these cities is over eight times cheaper than it is in Miami Beach.
| Rank | Most Expensive Cities | Home Price |
|---|---|---|
| 1 | Miami Beach | $2,286,867 |
| 2 | Weston | $749,457 |
| 3 | Palm Beach Gardens | $719,579 |
| 4 | Jupiter | $718,015 |
| 5 | Boca Raton | $692,110 |
| 6 | Wellington | $657,363 |
| 7 | Doral | $617,632 |
| 8 | Coral Springs | $610,414 |
| 9 | Miami | $606,890 |
| 10 | Davie | $588,615 |
| Rank | Cheapest Cities | Home Price |
|---|---|---|
| 1 | Ocala | $272,260 |
| 2 | Tallahassee | $280,026 |
| 3 | Daytona Beach | $290,289 |
| 4 | Lakeland | $292,534 |
| 5 | Deltona | $298,651 |
| 6 | Jacksonville | $307,976 |
| 7 | Palm Bay | $309,890 |
| 8 | Gainesville | $311,057 |
| 9 | Sanford | $342,167 |
| 10 | Palm Coast | $356,373 |
Home price is only one aspect of the cost of homeownership, though. What you pay for home insurance is another.
Hialeah is the most expensive city for home insurance in Florida. Gainesville is the cheapest.
| Rank | Most Expensive Cities | Cost of Insurance |
|---|---|---|
| 1 | Hialeah | $5,870.05 |
| 2 | Doral | $5,850.96 |
| 3 | Miami Gardens | $5,733.26 |
| 4 | Homestead | $5,381.90 |
| 5 | North Miami | $5,247.93 |
| 6 | Weston | $4,844.48 |
| 7 | Sunrise | $4,732.56 |
| 8 | Miami | $4,716.70 |
| 9 | Miramar | $4,625.33 |
| 10 | Pembroke Pines | $4,564.60 |
| Rank | Cheapest Cities | Cost of Insurance |
|---|---|---|
| 1 | Gainesville | $1,432.77 |
| 2 | Tallahassee | $1,489.73 |
| 3 | St. Petersburg | $1,542.68 |
| 4 | Palm Coast | $1,591.95 |
| 5 | Port Orange | $1,614.50 |
| 6 | Largo | $1,625.79 |
| 7 | Clearwater | $1,627.58 |
| 8 | Daytona Beach | $1,627.79 |
| 9 | North Port | $1,641.65 |
| 10 | Ocala | $1,685.76 |
Doral and Weston are among Florida’s most expensive cities when considering the cost of both home and home insurance. Tallahassee is the most affordable city for homeownership in the state in this area. It is the state’s second-cheapest city for home price and cost of home insurance.
The cost of natural disasters in Florida
Numerous natural disasters have hit Florida over the past four decades – and left hefty home insurance claims in their wake.
Florida is among the states with the largest increase in natural disasters over the last 40 years, for starters. Between 1983 and 2002, 26 disasters affected the state. That number jumped to 47 between 2003 to 2022 -- an 81% increase over the earlier period.
Also, Florida experienced 74 billion-dollar disasters between 1982 to 2022. Combined, these disasters caused an estimated $200 billion to $250 billion in damage. Only Texas and Louisiana suffered more costly damage during the same period.
These disasters have impacted the average Florida homeowner in many ways, too. Generally speaking, they’ve caused the state’s home insurance rates to increase. More specifically, they prompt individual homeowners’ rates to go up after they make disaster-related claims.
By how much? A Florida homeowner’s insurance premium jumps to $2,544 a year, on average, after filing a claim for wind damage, based on our data. Wind-damage claims cause an even bigger hike, to an average of $2,659 a year.
| Damage Source | Average Annual Premium after Claim |
|---|---|
| Fire | $2,659 |
| Hail | $2,544 |
| Lightning | $2,544 |
| Water | $2,659 |
| Wind | $2,544 |
| Claim prevalence and average claim cost information are sourced from the Insurance Information Institute. | |
All of these figures highlight Florida's growing vulnerability to severe weather and other disasters. It also highlights the need for innovative insurance solutions to mitigate risks.
Inflation and homeownership in Florida
Florida has become an increasingly tough market for homebuyers. The cost of homeownership in the state has skyrocketed in the last 10 years.
Between 2013 and 2023, 47 cities in Florida have seen average home prices increase more than 100%. Home prices in 10 cities have grown by more than 200% in that time. Miami Beach is one of them. The average home price there has jumped 215% since 2013, from $725,561 to well over $2 million.
In Miami Gardens and North Miami, home prices are 306% and 304% higher now than they were a decade ago, respectively.
| City | 2013 | 2023 | 10-year change |
|---|---|---|---|
| Miami Gardens | $102,574 | $416,777 | 306% |
| North Miami | $111,158 | $449,490 | 304% |
| St. Petersburg | $104,659 | $371,768 | 255% |
| Homestead | $120,006 | $420,050 | 250% |
| Lauderhill | $111,877 | $375,474 | 236% |
| Tampa | $120,284 | $401,936 | 234% |
| Miami | $191,288 | $606,890 | 217% |
| Pompano Beach | $133,051 | $420,303 | 216% |
| Miami Beach | $726,561 | $2,286,867 | 215% |
| Sanford | $111,858 | $342,167 | 206% |
| Daytona Beach | $95,065 | $290,289 | 205% |
| Palm Bay | $101,989 | $309,890 | 204% |
| Deltona | $99,914 | $298,651 | 199% |
| West Palm Beach | $158,913 | $473,755 | 198% |
| Lakeland | $98,421 | $292,534 | 197% |
| Largo | $124,374 | $368,333 | 196% |
| Clearwater | $131,622 | $386,123 | 193% |
| Tamarac | $127,132 | $369,927 | 191% |
| Port St. Lucie | $136,429 | $386,626 | 183% |
| Hollywood | $171,321 | $485,157 | 183% |
| Jacksonville | $108,754 | $307,976 | 183% |
| Fort Lauderdale | $208,278 | $587,960 | 182% |
| Deerfield Beach | $147,038 | $413,859 | 181% |
| North Port | $128,964 | $359,533 | 179% |
| Sunrise | $161,687 | $448,796 | 178% |
| Hialeah | $179,171 | $496,127 | 177% |
| Ocala | $98,984 | $272,260 | 175% |
| St. Cloud | $146,302 | $401,208 | 174% |
| Kissimmee | $135,524 | $368,822 | 172% |
| Orlando | $152,690 | $394,556 | 158% |
| Cape Coral | $150,685 | $384,571 | 155% |
| Delray Beach | $219,495 | $557,169 | 154% |
| Melbourne | $155,363 | $388,278 | 150% |
| Palm Coast | $143,728 | $356,373 | 148% |
| Fort Myers | $166,835 | $409,399 | 145% |
| Jupiter | $294,171 | $718,015 | 144% |
| Boynton Beach | $199,115 | $480,921 | 142% |
| Palm Beach Gardens | $302,077 | $719,579 | 138% |
| Miramar | $214,988 | $511,439 | 138% |
| Boca Raton | $292,533 | $692,110 | 137% |
| Plantation | $250,478 | $584,256 | 133% |
| Port Orange | $156,364 | $361,490 | 131% |
| Pembroke Pines | $244,684 | $551,900 | 126% |
| Davie | $265,738 | $588,615 | 122% |
| Wellington | $299,479 | $657,363 | 120% |
| Coral Springs | $278,695 | $610,414 | 119% |
| Gainesville | $144,766 | $311,057 | 115% |
| Weston | $382,328 | $749,457 | 96% |
| Tallahassee | $146,518 | $280,026 | 91% |
| Doral | $365,555 | $617,632 | 69% |
| Home prices were compared using Zillow pricing information over the last decade. | |||
Methodology
We collected quotes from every ZIP code in Florida for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Home insurance by city
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