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Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
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Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
Home insurance in Florida averages $470 per month, but that figure tells only part of the story. Insurance companies calculate rates differently. Some insurers focus heavily on your home’s age and construction materials, while others may put more weight on your claims history.
State Farm offers the most affordable coverage in the state, at an average of $383 per month. But the cheapest premium doesn’t always mean the best deal.
When looking for the best home insurance companies, it pays to look beyond the sticker price. To help you compare home insurance companies, we analyzed top-rated insurers and what each offers Florida homeowners. Here’s what you should know.
State Farm, Progressive, and Florida Peninsula are among the best home insurers in Florida.
Home insurance rates can vary by thousands of dollars between companies for identical coverage.
You need separate flood insurance for storm surge and flooding, and sinkhole coverage often requires a special endorsement.
Finding the best home insurance company is like searching for the best Cuban sandwich in Miami. Everyone has a strong opinion, but it all comes down to your personal needs.
That’s why you won’t find a single best insurer that works for every Florida homeowner.
We’ve simplified the search for you and sorted through companies based on average rates, available discounts, customer satisfaction scores, and coverage options in Florida. Here are three companies that stand out for certain homeowners.
State Farm| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $383/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $533/mo |
State Farm’s army of local agents makes it ideal for newcomers navigating their first homeownership experience in Florida. You’ll have access to knowledgeable agents who can walk you through the basics, like explaining deductibles and helping you understand exactly what your policy covers when a thunderstorm damages your roof.
Progressive| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | NR |
|---|---|
| J.D. Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | Not rated |
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
Progressive rewards homeowners with newer properties. The newer your home, the larger the discount. The insurer allows you to stack multiple savings, including wind-mitigation credits that help during hurricane season. Just know that one of its partner insurers might handle your actual policy rather than Progressive handling it directly.
Discounts for brand-new builds
Financially secure and reliable
Easy-to-use online quote process
Few add-on coverage options
Below-average customer service
Can’t manage home policies through app
Many add-on coverages
Strong Florida presence
Various hurricane deductible options
Fewer online self-service options
Mixed customer reviews
No AM Best financial strength rating
Florida Peninsula knows that protecting a waterfront property in Key Biscayne requires different coverage than a ranch home in Ocala. As the fourth-largest insurance company in Florida, the company offers custom home insurance policy add-ons for screened enclosures and carports, mold and moisture damage protection, animal liability, and more.[3]
Though AM Best has yet to rate the company, Demotech gave it an exceptional rating, indicating that it’s financially stable.
Find rates as low as $383 per month.
Home insurance premiums vary from company to company because insurers calculate risk differently. The insurance industry considers factors like how close you are to the coast and your neighborhood’s claim history — both of which can bump rates up or down.[4] If you’re not comparing quotes, you’re probably overpaying.
The table below shows Florida’s most affordable insurance companies for homes with $300,000 in dwelling coverage, according to Compare.com data.
Company  | Average Monthly Premium |
|---|---|
| State Farm | $383 |
| Nationwide | $566 |
| Allstate | $609 |
| Chubb | $749 |
Your coverage amount can affect how much you’ll pay for home insurance. It’s essentially an estimate of what it may take to rebuild your home. A modest $200,000 house in Gainesville doesn’t carry the same risk as a $700,000 waterfront property in Naples, and your premium reflects that.
The higher your coverage limit, the more the insurer would have to rebuild your home, and the more expensive your premiums will be.
The table below shows how average home insurance premiums in Florida change based on different dwelling coverage amounts, according to our data.
Home Value | Average Monthly Premium |
|---|---|
| $200,000 | $323 |
| $300,000 | $470 |
| $400,000 | $610 |
| $500,000 | $749 |
| $750,000 | $1,085 |
Florida’s geography makes home insurance prices swing dramatically. Living near the Gulf Coast in Tampa might cost you significantly more than insuring a similar home in inland Lake City, thanks to hurricane risk and coastal flooding exposure. Local building codes and even how close you are to fire hydrants can affect insurance costs.[5]
Check out the average monthly home insurance premiums in some of Florida’s biggest cities, according to our research.
City | Average Monthly Premium |
|---|---|
| Jacksonville | $300 |
| Miami | $1,145 |
| St. Petersburg | $597 |
| Tallahassee | $263 |
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Your home’s value influences your insurance premium, but it’s just one piece of a much larger puzzle. Florida insurers weigh dozens of factors when calculating what you’ll pay. When you understand these variables, you can make smarter decisions about both your home and your coverage.
We’ll break down the key elements that reshape your insurance bill below.
Your home’s physical characteristics will affect your insurance rates. Insurers consider how well the home is built, the likelihood of damage, and what it may cost to repair or rebuild it — especially given Florida ’s unique risks.
Here’s what can affect your rates:
Age of the home: Newer homes can earn lower rates thanks to updated electrical and plumbing systems and building codes.
Construction materials: Homes built with concrete block and steel framing may cost less to insure than wood frames.
Roof age: The age of your roof or when you replaced it matters to insurers, as newer roofs can help reduce your rates.
Occupancy: If you live in your home year-round, you may get better quotes than if your home is vacant.
Square footage: Larger homes cost more to rebuild and can drive up premiums.
Home features: Swimming pools and trampolines add liability risks, which can raise prices.[6]
Your address can make your home more risky to insure due to the area’s weather patterns, flood potential, and even your neighborhood’s claim trends. Insurance companies look at the following factors to determine your likelihood of filing a claim.
Distance from coast: Oceanfront properties face higher wind and storm-surge risks.
Hurricane evacuation zone: Homes in Zone A are most at risk of hurricane property damage.[7]
Flood zone designation: Your home’s flood zone directly affects rates and coverage requirements.[8]
Fire protection services: Your home’s distance from fire hydrants or stations affects fire coverage costs.
Local claim history: A home with frequent or recent claims usually sees higher baseline rates.
Your coverage choices affect your costs, but small adjustments to your policy can lead to big savings.
Deductible amounts: Higher deductibles lower your premiums but increase your out-of-pocket costs if you file a claim.
Coverage limits: Dwelling, personal property, and liability limits all affect pricing.
Additional endorsements: Flood, wind, and specialty coverage add to base premiums.
Bundling discounts: Buying your home and auto insurance from the same insurer typically lowers premiums.
Payment method: Making annual payments often costs less than monthly installments.
Insurance companies also consider you as a customer and not just your property. Your claims and credit history influence how much risk insurers think you represent.
Credit history: Florida allows credit-based insurance scoring, which can affect your rates.[9]
Claims history: Previous claims — even from other properties — can affect pricing.
Length of prior coverage: Maintaining continuous insurance coverage may earn you discounts.
Number of policies: Insuring more than one house may raise your insurance bill, since second homes may be vacant for part of the year.
A standard homeowners policy typically covers your home’s structure (including attached parts like garages), certain detached structures (like sheds), and your personal belongings.
Most policies provide liability coverage if someone injures themselves on your property. Policies also cover additional living expenses to help pay for extra costs if you have to live elsewhere after a claim, such as a hotel, and dining out until your home is livable again.[10]
It’s worth checking what your Florida home insurance doesn’t cover so you’re not caught off guard when the next storm rolls in. Policies usually exclude:
Flood damage: Water damage from flooding requires a separate flood insurance policy.
Sinkhole damage: To have coverage from sinkhole damage, you’ll often need a special endorsement despite Florida’s sinkhole activity.
Mold and fungi: Some policies limit coverage, but add-ons may be available.
Maintenance issues: Insurance covers sudden events, not routine maintenance or aging systems.[11]
Sewer backup: In order for this to be covered, you’ll need an additional endorsement in most policies.
High-value items: Expensive jewelry or collectibles may need additional endorsements.
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Living in the Sunshine State has its perks, but it also comes with risks that can turn homeownership into a costly headache if you don’t prepare properly. Some of Florida’s most destructive threats fall outside the scope of a basic home insurance policy.
Between June and November, Florida is target for high winds, heavy rain, and storm surge. Regular policies generally cover wind damage, but damage from storm surge requires separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers.
Most of Florida sits on a limestone bedrock that erodes over time, creating underground cavities that can collapse without warning. Standard homeowners insurance policies usually exclude this damage, unless you add a separate endorsement.
Florida’s low-lying terrain and heavy downpours create a serious flood risk. Since property insurance won’t cover flood damage, and with just one inch of water capable of causing tens of thousands in damage, you’ll want to look into separate flood coverage.
Compare quotes and get the coverage you need at the best price.
Here are quick answers to the most common questions Florida homeowners ask when shopping for homeowners insurance coverage.
Our data shows that Florida homeowners pay an average of $470 per month for home insurance, with costs changing based on where you live and storm risks.
You’ll spend around $470 per month for a $300,000 home, according to our research. But your actual cost depends on things like the home’s location, age, and construction type.
Home insurance for a $500,000 house in Florida costs an average of $749 per month, according to Compare.com data. Keep in mind that hurricane-prone areas and high-end materials can drive up the price.
The best insurer depends on your specific needs. But our data shows that Florida residents can find some of the best rates and coverage options from State Farm, Florida Peninsula, and Progressive.
State Farm offers the lowest average monthly rates for home insurance in Florida, starting at $383 per month for $300,000 in coverage, according to our data.
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Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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