The Best and Cheapest Homeowners Insurers in Florida

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We researched the top insurance companies in Florida and found that State Farm is the best choice for most homeowners. Its rates are well below the Florida average of $1,727 per year, and the company's customer service and wide array of coverages make it a solid choice for most. But if State Farm isn't the right fit or you're looking for other options, we have additional picks that may be better options for your situation. Read more about our findings below, or use our quote tool above to start finding home insurance quotes in your area.

The Best Homeowners Insurance Companies in Florida

We took a comprehensive look at the major insurance companies and Florida, considering price, coverage options, customer service and reliability. We've selected one company we think is best for most people, with a few additional picks if our main choice isn't right for you.

Best for most people: State Farm

State Farm has affordable prices and very well-reviewed customer service, making it our top choice in Florida.

State Farm is our overall favorite insurer in Florida and the one we recommend for most homeowners. At an average price of only $710 per year, State Farm was 58% less expensive than the average Florida insurer statewide. The company also has well-regarded customer service, with fewer registered complaints than most of its competitors. State Farm has a strong online presence as well as local agents throughout Florida: Whether you prefer to buy online or work with an agent, you'll be able to get the right level of service.

State Farm is also a national insurer with unsurpassed financial stability. It has an A++ rating from A.M. Best, the highest rating available, meaning that the company will be able to pay out insurance claims regardless of financial climate or widespread disaster. Another benefit of State Farm Insurance Review national presence is that its risk is spread across the entire U.S., not just in Florida. Even if a hurricane or other widespread natural disaster were to do billions or trillions of dollars in damage to homes in Florida, the other regions in which State Farm exists may not be affected. Meanwhile, a company that only sells home insurance policies in Florida may not be able to meet claims demand in the most serious cases.

In addition to homeowners insurance, State Farm also sells a variety of other insurance policy types and financial products. In addition to auto, renters and flood insurance, the company offers life and health coverage, and even checking and savings accounts. Floridians looking for a one-stop shop for insurance and other financial services will likely find what they need at State Farm.

Best for hurricane expertise: UPC

UPC is a good choice for homeowners who live near the water and want an insurer ready to deal with hurricanes.

For Florida homeowners who want an insurance company that has specific expertise in dealing with the perils of living near the coast, we recommend United Property and Casualty (UPC). UPC specializes in coastal states and the risk profile of homes located near the ocean. For example, the company's upper-tier packages include water backup and refrigerated contents coverages, which protect you from common consequences of major storms.

The company also provides resources for coastal homeowners to help prepare themselves, such as how to safeguard your home against water damage. And while most Florida home insurance companies sell government-sponsored flood insurance (also called NFIP flood insurance), UPC also offers private insurance from NFS Edge. Since NFS Edge's rates aren't set by the government, it may offer you a better rate or more coverage than a standard NFIP policy.

With an average annual insurance price of $1,359, UPC has cheaper-than-average rates among Florida insurers, but it wasn't the absolute cheapest company we found. The company also had more complaints to the FL Office of Insurance Regulation (FLOIR) than the statewide average, suggesting more people were unhappy with the claims or other services they received.

Best for lowest rates: Security First

Security First had the lowest rates we found of any home insurer in Florida.

For Florida homeowners focused on the lowest possible rates for homeowners insurance, we recommend Security First: the annual premium statewide was an average of $519 per year. This came out to less than one-third of the average rate statewide, beating the second-best rate from State Farm by $209.

However, there isn't much else going for Security First. The company doesn't have many sophisticated or beneficial coverages beyond the basics you'd find at any home insurance company. Furthermore, the company's customer service is lackluster: it had 33% more complaints registered with the FLOIR than the average Florida home insurance company.

Best for high-value homes: Chubb

Chubb's coverages are worth looking into if you own a high-end property.

Owners of high-value homes in Florida should start with Chubb insurance, which is well-known for its impeccable customer service and premium coverages such as extended replacement cost — which pays the cost to repair or replace an item if its replacement cost increases beyond normal. For example, extended replacement cost coverage may pay for extra labor costs if there's a labor shortage after a major disaster.

While Chubb's rates are sometimes on the higher side nationally, we found that its prices were actually on the affordable side compared to other Florida companies: it was 26% cheaper for our sample home. However, Chubb has fairly strict minimums when it comes to buying insurance, so mid-income homeowners may not be able to get insurance from the company.

The best-reviewed home insurance companies in Florida

When considering an insurance company to protect your home, it's essential to go beyond simply looking for the best price: you should consider things like customer service and financial stability, too. An affordable insurance company that is likely to undervalue your claim or provide sloppy service may not be worth the savings.

As part of our research, we collected Florida-specific and nationwide complaint scores, showing how the most popular insurers stack up nationally as well as compared to other Florida companies. Note that homeowners insurance complaints are much higher industry-wide in Florida than in other states, so companies that operate in multiple states may have a disproportionately low NAIC complaint ratio.

RankInsurer nameNAIC nationwide complaint ratioFLOIR Florida complaint indexDemotech financial strength ratingA.M. Best financial strength rating
1Universal Property and Casualty8.631.26A (exceptional)--
2State Farm2.010.44--A++
3Tower Hill4.50.95A (exceptional)A-
4Citizens Property11.842.65----
5FedNat5.760.84A (exceptional)--
6Heritage Property Insurance6.371.13A (exceptional)--
8UPC Insurance7.051.84A (exceptional)--
9Security First12.861.33A--

The cheapest home insurance companies in Florida

We surveyed 14 of the largest homeowners insurance companies in Florida in order to find the companies with the best rates. In our research, we collected quotes for a home with $214,000 of dwelling coverage for every ZIP code in the state of Florida.

We found a striking range of prices. The cheapest Florida home insurance companies, Security First and State Farm, both offered rates under $1,000 per year — $519 and $710, respectively.

Bar chart showing the most affordable homeowners insurance options in FL

On the other hand, some insurance companies were drastically more expensive. In particular, Citizens Property, a government-run nonprofit that provides insurance to people who can't get insurance on the private market, charges a staggering $5,144 per year — that's more than double the statewide average and about five times more expensive than the cheapest option.

Florida-specific insurance perils

Due to its location on the gulf coast, Florida is susceptible to several serious, costly insurance perils — as a result, Florida has the highest homeowners insurance costs in the nation. Here are the most common and expensive perils to look out for when buying home insurance.

Most common Florida insurance perils

  • Wind damage: Wind due to hurricanes and other major storms is one of the most frequent, and most costly, causes of home damage in Florida. Fortunately, wind damage is almost always covered by homeowners insurance, regardless of what type of policy you have. The only exception is that some coastal homes that are especially susceptible to wind damage may need to purchase a special wind endorsement.
  • Flood damage: Besides wind, flooding and other water damage is one of the most common perils Florida homeowners face. Unfortunately, water damage due to rain and flooding is usually not covered by homeowners insurance policies. If you live in an area with a high risk of flooding, such as at a low elevation or near the coast, we strongly recommend that you purchase flood insurance. Depending on where you live, it may even be a requirement in order to qualify for certain types of home loan.

Cost of Florida insurance: City-by-city breakdown

In addition to our in-depth analysis of every ZIP code in the state, we also looked at the cost of home insurance for the 54 cities in the state with populations over 50,000 people.

Each city's rate is based on the average of every standard (non-P.O. box) ZIP code located in that city. Rates are based on a home insured to a value of $214,000 built in 1987.

CityAverage cost% Difference from statewide average
Boca Raton$2,15224%
Boynton Beach$2,15724%
Cape Coral$1,432-18%
Coconut Creek$3,34192%
Coral Springs$3,37694%
Daytona Beach$1,103-36%
Deerfield Beach$3,14181%
Delray Beach$2,12122%
Fort Lauderdale$2,97171%
Fort Myers$1,470-15%
Miami Beach$3,31891%
Miami Gardens$4,866180%
North Miami$4,525161%
North Port$1,115-36%
Palm Bay$1,203-31%
Palm Beach Gardens$2,14023%
Palm Coast$1,086-37%
Pembroke Pines$3,35293%
Pompano Beach$3,20985%
Port Orange$1,089-37%
Port St. Lucie$1,696-2%
St. Petersburg$1,165-33%
West Palm Beach$2,09621%


For our statewide study, we collected insurance quotes from 14 of the largest home insurance providers in the state of Florida. Those insurers were:

  • Universal Property and Casualty
  • State Farm
  • Tower Hill
  • Citizens Property
  • Heritage Property Insurance
  • UPC Insurance
  • Security First
  • Progressive/ASI
  • Florida Peninsula Insurance
  • Homeowners Choice
  • St. Johns
  • Chubb
  • American Integrity Insurance
  • Allstate

For each insurer, we collected a quote for a sample house in every ZIP code in the state, providing a comprehensive look at insurance costs statewide. Our sample policy was for a 2,100 square foot home with $214,000 of dwelling coverage built in 1987.

ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.

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