As home insurance rates in Florida continue to rise due to devastating hurricanes, expensive roofing lawsuits, and companies leaving the state due to the high risk of claims, finding home insurance coverage in Florida isn’t easy.
But we can help. Whether you have an older home, one on the coast, need a policy that includes flood coverage, or are looking for hurricane deductible perks, we've got you covered.
Compare the best homeowners insurance companies in Florida in July 2024
Based on Policygenius' analysis of the most widely available insurance companies in the state, State Farm, Security First Insurance, Tower Hill, Universal Property, Frontline Insurance, Citizens, and Slide Insurance are Florida's best homeowners insurance companies in 2024.
Whether you're looking for the cheapest rates in Florida or a company willing to cover your high-risk home, we'll help you buy a Florida home insurance policy that fits your needs.
Company | Best for... | Average monthly cost | Policygenius rating |
|---|---|---|---|
Overall | $186 | 4.8 out of 5 | |
Hurricane deductible cash-back program | N/A | 4.1 out of 5 | |
Coverage exclusive to Florida homeowners | N/A | 3.9 out of 5 | |
Flood insurance add-on | $99 | 3.6 out of 5 | |
Universal Property | Older homes & roofs | $193 | 3.6 out of 5 |
Cheap rates | $60 | 3.3 out of 5 | |
High-risk homes as a last resort | $388 | 2.5 out of 5 |
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.
Best overall home insurance company in Florida: State Farm
2024 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm home insurance is the best overall home insurance company in Florida thanks to its statewide availability, large selection of policy options for most home types, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
High customer satisfaction and financial strength ratings
Top-tier coverage add-ons, including extended replacement cost coverage
Offers large discounts when you bundle your home and auto insurance
Cons
20% more complaints filed with the NAIC than other companies of its size
No discounts for first-time homebuyers
More details
Why State Farm is the best overall company in Florida
At a time when lots of competitors are no longer insuring homes in areas prone to wildfires and hurricanes, State Farm continues to offer its relatively affordable and highly-rated home insurance to homeowners in most parts of the country, including Florida.
And it doesn't skimp on coverage, offering flood, wildfire, and earthquake protection — one of few competitors that offers all three insurance policies to homeowners in many high-risk states.
Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from A.M. Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.
How much does State Farm home insurance cost?
The average cost of State Farm home insurance in Florida is $2,227 per year, which is about 3% cheaper than the Florida average of $2,288.
How to get a quote
Online through State Farm
Best for cheap rates: Security First Insurance
Security First Insurance
4.1
Offers flood insurance
Offers extended replacement cost
Wind/hail deductible
Insures older homes
Why we chose it
Security First Insurance comes with cheap rates that are $1,000 below the state average in Florida. It also stands out thanks to its wealth of discounts — 14 to be exact — that can help you save even more on coverage.
Pros and cons
Pros
Cheap rates that are $1,500 below the annual state average
14 discounts allow you to save even more on your policy
Insures homes that are more than 30 years old
Cons
Received 13 times the number of complaints than other home insurance companies of its size, according to the NAIC Complaint Index
Can’t bundle your home and auto insurance
More details
Why Security First Insurance is the best company for affordable rates in Florida
Security First Insurance is one of the cheapest home insurance companies we've seen not just in Florida, but nationwide. On top of its affordable rates, the insurer also offers a slew of home insurance discounts to help you save even more, including savings if you're age 55 or older, lived in a gated community, have a newer home, or have a security system.
How much does Security First home insurance cost?
The average cost of Security First home insurance in Florida is $721 per year, which is $1,500 cheaper than the annual statewide average of $2,288.
How to get a quote
Online or by contacting an agent
Best for older homes & roofs: Universal Property
Universal Property
3.6
Wind/hail deductible
Why we chose it
Universal Property home insurance offers cheap rates and lots of coverage add-ons, including a rare private flood insurance endorsement with up to $5 million in protection.
Pros and cons
Pros
Insures homes over 70 years old and roofs up to 20 years old
Offers 10 discounts to help you save on your policy
Receives A rating with AM Best, meaning it has the financial stability to pay out claims in the wake of a disaster
Cons
Received 11 times more complaints than similar-sized insurance companies in 2022, according to the NAIC Complaint Index
Cheaper rates can be found with other companies on this best list
More details
Why Universal Property is the best company for older homes & roofs
Unlike many home insurance companies in Florida that shy away from covering older homes or those with roofs more than 10 years old, Universal Property doesn't.
It's willing to cover homes that are more than 70 years old. And you can get coverage for shingle roofs that are up to 20 years old and wood roofs that are up to 15 years old.
How much does Universal Property home insurance cost?
The average cost of Universal Property home insurance in Florida is $2,314 per year, which is on par with the annual statewide average of $2,288.
How to get a quote
Online or through a local agent
Best for hurricane deductible cash-back program: Frontline Insurance
Frontline Insurance
3.9
Wind/hail deductible
Why we chose it
Frontline Insurance offers a rare cash-back program for your hurricane deductible — if you file a hurricane-related claim and go five years without filing a claim after that, you can get up to 100% of your hurricane deductible back in cash.
Pros and cons
Pros
Earn up to 100% cash back on your hurricane deductible the more years you go without filing a claim
Offers excess flood insurance to protect your home from flooding due to hurricanes, thunderstorms, and other natural disasters
Receives A rating with Demotech, meaning it likely has the financial resources to pay out claims in the wake of a disaster
Cons
Received 2 times more complaints than similar-sized insurance companies in 2022, according to the NAIC Complaint Index
Website isn't as transparent as other companies about discounts and coverage options available
More details
Why Frontline Insurance is the best company for a hurricane deductible cash-back program
Frontline Insurance is one of the only insurance companies nationwide that offers a cash-back program for your hurricane deductible. If you file a hurricane-related claim and go five consecutive years without filing a claim after that, you can get up to 100% of your hurricane deductible back in cash.
How much does Frontline Insurance home insurance cost?
We don't have access to the average cost of Frontline home insurance as of June 2023.
How to get a quote
Through a local agent
Best for coverage exclusive to Florida homeowners: Slide Insurance
Slide Insurance
3.9
Wind/hail deductible
Why we chose it
Slide Insurance is brand new to the insurance industry, offering coverage exclusively to Florida residents with a goal to revolutionize how insurance is underwritten and sold using technology, data, and leadership taken from Big Tech companies.
Pros and cons
Pros
Offers coverage to Florida homeowners who may not have other options
Earns A (Exceptional) rating from Demotech for its financial strength and stability
Cons
Still too new to gauge customer service around claims and policy management
Website lacks detailed information about all of its coverage and discount options available
Doesn’t offer a mobile app, access to an online account, or online quotes
More details
Why Slide Insurance is the best company for coverage exclusive to Florida homeowners
As other home insurance companies are leaving Florida or going out of business altogether, Slide Insurance has been purchasing renewal rights and selling new home insurance policies exclusively to Florida residents.
It purchased home insurance policies from St. John’s Insurance and UPC Insurance — two Florida insurers that went out of business in the last year. And by using technology, data, and leadership taken from a range of Big Tech companies, Slide Insurance says it is offering a new approach to insurance in a market that is in desperate need of a change.
How much does Slide home insurance cost?
We don't have access to the average cost of Slide home insurance as of June 2023.
How to get a quote
Online or through a local agent
Best for high-risk homes as a last resort: Citizens
Citizens Property Insurance
2.5
Wind/hail deductible
Why we chose it
As Florida’s version of the Fair Access to Insurance Requirements (FAIR) Plan, Citizens home insurance might be a good fit if you’ve struggled to qualify for coverage due to multiple past claims, living in a high-risk coastal area, or having an old roof.
Pros and cons
Pros
Provides homeowners insurance to high-risk homes that are often denied coverage by private insurers
Wind, flood, and dwelling fire insurance policies available
Sets up catastrophe response centers after natural disasters to offer in-person support to homeowners without power or means of communication
Cons
Rates are nearly 3 times higher than the national average — and the insurer proposed a 12% rate hike in June 2023
Fewer coverage options and lower limits than competitors
No online quote tool
More details
Why Citizens is the best company for high-risk homes in Florida
Citizens Insurance offers basic home and wind-only insurance coverage for homes in high-risk coastal areas of Florida. If you're having a difficult time finding a company to insure your home, Citizens is a decent last-resort option.
How much does Citizens home insurance cost?
The average cost of Citizens home insurance in Florida is $4,658 per year, which is nearly $2,500 more expensive than the annual statewide average of $2,288.
How to get a quote
To get a home insurance quote with Citizens, you’ll first need to prove that you were unable to find coverage with a standard home insurance company or that the coverage you did qualify for was 20% more expensive than a similar policy with Citizens. If it is, then you can get a quote from any licensed insurance agent who’s authorized to sell Citizens coverage.
Best for flood insurance add-on: Tower Hill
Tower Hill
3.6
Bundle home & auto
Wind/hail deductible
Offers extended replacement cost
Offers flood insurance
Why we chose it
Tower Hill home insurance offers cheap rates and lots of coverage add-ons, including a rare private flood insurance endorsement with up to $5 million in protection.
Pros and cons
Pros
Private flood insurance endorsement with up to $5 million in coverage
Cheap rates that are 50% lower than the national average
20+ coverages and policy add-ons available
Cons
AM Best rating downgraded to B (fair) in Oct. 2022
Averaged 5 times more complaints than similar insurance companies in 2021
More details
Why Tower Hill is the best company for flood insurance add-on
Tower Hill’s private flood insurance endorsement lets you add up to $5 million in private flood coverage to your existing home insurance policy — an especially valuable add-on if you live in a coastal area of Florida at high risk of flooding. It also offers a slew of other coverage add-ons related to flooding, including protection against mold, fungus, or rot damage; debris removal; and water backup coverage.
How much does Tower Hill home insurance cost?
The average cost of Tower Hill home insurance in Florida is $1,189 per year, which is around $1,000 cheaper than the annual statewide average of $2,288.
How to get a quote
Online through Policygenius
