We collected insurance quotes across 67 counties in the state of Florida in order to determine which regions have the highest and lowest annual home insurance costs. Based on our research, Florida homeowners pay on average $2,881 per year for home insurance. Across the 67 counties we studied, Universal Property had the best average annual home insurance rates in the state. Read more about our findings below, or use our quote tool above to start finding home insurance quotes in your area.
- Cheapest Home Insurance Companies in Florida
- Homeowners Insurance Rates in Florida's Largest Counties
- Top 5 Least Expensive Counties for Home Insurance In Florida
- Top 5 Most Expensive Counties for Home Insurance in Florida
- Top Rated Homeowners Insurance Companies in Florida
Cheapest Home Insurance Companies in Florida
We gathered quotes from Liberty Mutual, State Farm, Citizens Property and Universal Property. Quotes from each company were averaged to find which insurance companies had the best home insurance rates in Florida. The graph below shows the average annual costs to insure our sample home by company and the state average:
Find the Cheapest Homeowners Insurance Quotes in Your Area
Best Homeowners Insurance Rates in Florida's Largest Counties
We evaluated homeowners insurance rates across the largest counties in Florida. Our study implemented control variables to gather quotes that can be compared to one another. On average, homeowners in the ten largest counties pay $513 more than the state mean on home insurance. In 5 of the 10 counties, Citizens Property, one of the largest providers of Florida homeowners insurance with approximately 5% market share, offered the most affordable quote. Citizens Property is not a private insurance company but rather a non-profit government entity created to serve people who cannot obtain homeowners insurance through the private market.
Miami-Dade County, Florida
Miami-Dade is the largest county in the state of Florida. Miami-Dade County is located at the southeastern tip of the state. The county produces more tropical vegetables than any other county in the state. Miami-Dade is home to over 300 regional and worldwide headquarters of Fortune 500 corporations. Our study shows that the average cost of home insurance in Miami-Dade is $5,298 per year, which is $2,417 greater than the state average.
State Farm offered the most affordable home insurance quote in Miami-Dade at an annual cost of $4,962. A nationwide insurer, State Farm is one of the biggest homeowners insurance companies in Florida by market share and generally has a good reputation for customer service, as measured by customer complaints. Liberty Mutual, a comparably small player in Florida and the most expensive insurer in the county, quoted our sample home an annual cost of $5,468, which is $506 greater than State Farm’s quote. All quotes gathered in Miami-Dade were greater than the state average.
Broward County, Florida
Broward County is the second largest county in Florida. The county’s largest universities ranked by the number of graduates are Broward College, Nova Southeastern University and Keiser University in Ft. Lauderdale. The most popular concentrations at higher education institutions located in Broward County include general business administration & management and registered nursing. Residents of Broward County pay an average of $4,319 for their homeowners insurance annually.
The most affordable home insurance rate in the county was offered by Universal Property at an annual cost of $3,833. Measured by market share, Universal Property is the top homeowners insurance company in Florida with 10% of the market. The second most affordable rate was offered by State Farm at a cost of $4,059, which is $226 greater than Universal Property’s quote. Based on our study, Broward ranked as the eighth least affordable county for home insurance in the state.
Palm Beach County, Florida
While Broward County is the second largest county in Florida in terms of population, Palm Beach is the second largest in regards to total area. Palm Beach is also the third largest county in Florida when it comes to population. Palm Beach is located between major cities as Miami is just 60 miles north and Orlando is 150 miles southeast of the county. The county is home to the city of West Palm Beach, which is one of the three largest cities in South Florida. West Palm Beach is located along the shore of Lake Worth Lagoon. Based on our research, the average homeowners insurance quote in the county is $4,521. Residents of Palm Beach pay 57% more for their home insurance than the state mean.
All quotes offered in Palm Beach were over $4,000. Palm Beach ranks as the fifth best county for home insurance rates in Florida. Rates collected in the county varied by $710.
Hillsborough County, Florida
Hillsborough County is the fourth most populated county in Florida. The county is home to Tampa, which is the third largest city in Florida. The city is aptly named as it is nestled in the northeast corner of Old Tampa Bay. The largest industries in the county are healthcare & social assistance, retail trade and educational services. The most common professions include management, administrative and sales. The average annual homeowners insurance quote in Hillsborough County is $3,192 per year, which is 11% greater than the state mean.
Based on our research, Hillsborough ranks in the fourth quartile when it comes to affordable counties for home insurance in Florida. Citizens Property offered the most affordable quote in the county at an annual cost of $2,636. The next most affordable quote, offered by Universal Property was just $20 greater.
Orange County, Florida
Orange County, originally nicknamed Mosquito County, is the fifth largest county in Florida. The county offers some of the most popular theme parks in the country, including Walt Disney World and Universal Studios Orlando. Walt Disney World is the country’s largest single-site employer. The Orange County theme park employs over 66,000 employees. The mean annual home insurance rate in Orange County is $2,469, which is 14% less than the state average.
Citizens Property quoted the least expensive home insurance rate in Orange County at $1,839 annually. Citizens Property’s quote is $1,311 less than State Farm’s quote of $3,150. Based on our study, State Farm is the least affordable insurance company in the county.
Pinellas County, Florida
Pinellas is the sixth largest county in Florida and the most densely populated one. The county is home to 35 miles of beaches and approximately 588 miles of coastline. The county averages 361 days of sunny weather per year, which makes it a premier destination for travelers. Popular tourist destinations include St. Petersburg and Clearwater. St. Petersburg is home to the Dali Museum, which opened in 2011. Both, St. Petersburg and Clearwater are well known for their beaches. The city is located on the coast of Tampa Bay. Residents of Pinellas pay an average annual home insurance cost of $3,058 based on our study.
Citizens Property offered the lowest home insurance quote in Pinellas County at an annual rate of $2,161. The second most affordable insurer in the area, Universal Property, offered a quote of $2,578, which is $417 greater than the quote offered by Citizens Property. On average, residents of Pinellas County pay 6% more for their home insurance when compared to the state mean.
Duval County, Florida
Duval County, located approximately 80 miles from Gainesville, is the seventh largest county in the state. Duval County is home to Jacksonville, which has one of the lowest overall costs of living in the state and in the country. The county benefits from having the Jacksonville International Airport within its limits. Based on our research, the average home insurance rate in Duval is $1,926, which is $955 less than the state mean.
Duval is ranked as the fifth most affordable county in Florida for home insurance. All quotes gathered in Duval were lower than the state mean. Despite this, home insurance rates in Duval varied by $1,372.
Lee County, Florida
Lee County is the eighth largest county in the state of Florida. The local economy employs over 275,000 people. Popular industries in the region include real estate, construction and waste management services. On average, residents of Lee County pay $342 more for their home insurance than the rest of the state.
Citizens Property offered the lowest quote from the insurance companies we sampled at an annual cost of $2,191. Citizens Property’s quote was $1,120 cheaper than the next most expensive quote, which was offered by Universal Property. Home insurance rates in Lee County varied by $1,603.
Polk County, Florida
Polk County is the states ninth largest county. The county is named after James K. Polk, who was the 11th president of the United States. The county is home to 554 lakes, which earned it the nickname of the Water Ski Capital of the World. Tourism is one of the county’s largest sources of revenue. Residents of Polk pay an average of $2,882 per year for home insurance.
Universal Property, the largest home insurance company in Florida by market share, offered the most affordable insurance rate in the county at $2,011. Based on our sample, State Farm offered the most expensive home insurance rate at an annual cost of $3,995. That said, on average, residents of Polk pay just $1 more than the state mean for their home insurance. State Farm’s quote brings the county’s average down by $371.
Brevard County, Florida
Brevard County is located alongside the eastern shoreline of the state and is Florida’s tenth largest county. Brevard is home to the Kennedy Space Center, which is where the United States launched its space missions. Due to this, Brevard County has been nicknamed Florida’s Space Coast. Brevard has an average annual home insurance cost of $3,047, which is $165 greater than the state average.
Citizens Property quoted the cheapest home insurance rate in the county at $2,236. State Farm offered the most expensive home insurance quote at $3,689, which is $1,453 greater than the quote offered by Citizens Property. Brevard County ranks in the third quartile for the most affordable home insurance rates in Florida.
Cheapest Homeowners Insurance in Florida: by County
The graph below shows the five best places for home insurance of all 67 counties which were part of our rankings. The counties are listed in order of mean price starting with the lowest average home insurance quote and ascending. Leon is the cheapest county in Florida for homeowners insurance based on our study. On average, residents pay $1,615 annually, which is $1,266 lower than the state average.
Leon County, Florida
According to our research, Leon County is the most affordable county in Florida for homeowners insurance. On average, residents pay 44% less for their home insurance policy when compared to the state mean. All quotes gathered in Leon County were less than the state mean.
Clay County, Florida
Clay County offers the second most affordable homeowners insurance rates in the state of Florida. The mean home insurance quote in the county was $1,662, which is 42% cheaper than the state average. The most affordable quote in Clay County was offered by Citizens Property at an annual cost of $1,096.
Putnam County, Florida
Putnam County ranks as the third least expensive county in Florida for home insurance. The average quote gathered for Putnam County was $1,780, which is $1,101 less than the state mean. On a percentage basis, this represents a 38% discount.
Bradford County, Florida
Bradford County offers the fourth best home insurance rates in the state of Florida. Residents pay, on average, $1,867 per year, which is $1,014 less than the state average. The lowest rate in the county was offered by Universal Property at $1,072 per year.
Duval County, Florida
Duval County ranked as the fifth least expensive county in Florida for home insurance. On average, residents pay $1,926 for home insurance, which represents a 33% lower rate when compared to the state mean. On an annual basis, residents save $955 on homeowners insurance versus the state average.
Most Expensive Homeowners Insurance in Florida: by County
The graph below shows the five most expensive places of all 67 counties which were part of our study. The counties are listed in order of price starting with the highest average rate and descending. The figures listed represent the average home insurance rate in each county based on our study. Many of the most expensive counties for home insurance in Florida are located along the coast. That said, Flagler County, home of the city of Palm Coast, and Sarasota County are both located along the coast and offered rates that were lower than the state mean. The most expensive county for homeowners insurance was Hernando where our research found an average annual rate of $8,912, which is $6,031 greater than the state average.
Top Rated Homeowners Insurance Companies in Florida
If you're looking for the best home insurance companies in Florida, your decision may depend on a variety of factors include coverage, price, features, stability and customer service. Here we've focused on customer satisfaction as measured by complaints collected from the Florida Office of Insurance Regulation. Customer complaints are weighted by market share into a complaint index, so the amount of complaints are adjusted relative to the size of the company. A lower complaint index means more satisfied customers.
Measured by the lowest complaint index, the top rated homeowners insurance companies in Florida are Chubb, USAA, AIG, American Strategic Insurance and Frontline Insurance. The worst performers included Security First, Olympus, United Property, American Integrity and Citizens Property, the latter a non-profit government entity. Among the companies that were top 10 in market share, State Farm, Federated National, USAA, and Homeowners Choice had better than average complaint ratios, indicating stellar customer service.
The following table shows all complaint index scores for the largest insurers in Florida, with an index score lower than 1 indicating lower-than-average complaints.
|Rank||Company||Market Share||Complaint Index|
|6||Gulfstream Property & Casualty Insurance||1.0%||0.41|
|8||Auto Club Insurance Company of Florida||1.1%||0.45|
|12||Florida Family Insurance||1.0%||0.92|
|16||Castle Key (Allstate)||1.9%||1.21|
Florida Homeowners Insurance Reviews
We've reviewed the top 5 largest homeowners insurance companies in Florida, based on market share. In reviewing the insurers we focused on policy coverage and features, customer experience, cost and financial stability.
The largest homeowners insurance company is the Universal Property and Casualty Insurance Company. Universal provides all the standard features you'd expect in a standard homeowners policy including coverage to your dwelling, contents, other structures on your property such as a detached garage, liability coverage and coverage of expenses should your home become unlivable. Universal also has options to purchase additional coverage, including covering your personal property at replacement cost so that you'll be reimbursed for their full value, disregarding wear and tear.
Universal tended to be among the more expensive home insurers in our samples, depending on your location. However, it does have one of the better online quote features among these companies, so you can find a quote for yourself without going through an agent. By inputting your address and coverage preferences, you can get an instant quote online. It even has dynamic pricing so you can see how your premium may be affected by altering coverage, such as including discounts for a central fire alarm or hail-resistant roof material.
With a poor customer complaint ratio among Florida insurers, customers appear to be unhappy with Universal's service. However, the company is financially strong, earning a rating of "A" from Demotech, its 3rd highest rating indicating exceptional financial stability.
Tower HIll ranks as the second largest homeowners insurance company in Florida and offers standard HO-3 coverage. It operates through a series of companies including Tower Hill Prime, Tower Hill Preferred and Tower Hill Signature. The company has a large degree of customization in its policies, allowing customers to alter limits for coverage to your dwelling, other structures and personal property coverage. Additionally, if you're the owner of a high value home, you can purchase an Imperial Shield policy, offering more extensive coverage limits an unique bonuses such as identity fraud expense coverage. Tower Hill also offers flood insurance, both private and government-backed, and you can get homeowners and flood insurance as a package, receiving a 5% discount to your flood insurance premium if you buy both. Given the high risk of flood damage to Florida homeowners in general, and the danger posed by hurricanes, it's an added bonus to purchase these policies from the same insurer.
We found that Tower Hill homeowners insurance rates would vary based on which of its companies we obtained a quote from. Depending on the company, rates ranged from among the most expensive in Florida to cheaper than average, reflecting its variety of policy options. However, its online quote system doesn't make it easy to access a sample premium, often referring you to an agent, so you may have to contact a representative if you're shopping with Tower Hill.
Tower Hill's network of agencies have an average customer complaint ratio, indicating decent customer satisfaction. All of its companies have a financial stability rating of "A" from Demotech given their exceptional financial stability.
In contrast to the other names on this list, State Farm is a nationwide insurer. With that size comes its large network of dedicated agents if you're looking for a personal touch while shopping for homeowners insurance. State Farm could be an especially good fit for you if you're looking to buy multiple insurance policies as they offer both homeowners and auto insurance, with their homeowners policies including all the standard coverage you expect. However, State Farm does not offer flood insurance so you will have to purchase that separately.
Our sample found that State Farm premiums can be highly variable depending on your location, but were generally on the expensive side. If you're willing to go offline and talk with a State Farm agent to obtain a quote and you're looking for an established name, you should definitely investigate a quote with State Farm.
State Farm is one of best Florida home insurance companies based on its consumer complaint ratio, with one of the lowest rate of complaints among these five insurers. As a significant and established insurer, State Farm is rated by A.M. Best and received its highest possible rating of "A++" for its financial condition and operational performance.
Federated National, or FedNat, offers basic homeowners insurance, including coverage for the structure of your home, personal belongings and liability coverage. In terms of unique features or perks, FedNat has limited options compared to the other major insurers in the state, but it does offer flood insurance if you're looking for a single company from which to buy multiple policies.
However, its stripped-down insurance policies come at a competitive price. In our sample of home insurance quotes FedNat premiums came out as consistently cheaper than average. If you're looking for a personalized quote, you'll have to talk to an agent or request it online, as the FedNat website does not provide an option to calculate a quote online.
Compared to other Florida insurers, Federated National has a complaint ratio below 1, suggesting above average customer service for the state. With a financial stability rating of "A" from Demotech, FedNat is also a reliable from a financial perspective.
Citizens Property is one of the largest providers of homeowners insurance Florida but it's not a private company. It is a non-profit government entity created in 2002 to provide insurance protection to Florida residents who cannot find coverage in the private market. Citizens homeowners policies are standard and cover your dwelling, other structures on your property, personal belongings, liability coverage and living expenses if your home becomes unlivable. You may also have the option to cover your dwelling and personal property at replacement cost, meaning you'll be covered for the total cost of replacing your home and its contents, ignoring depreciation.
Citizens Property offers some of the most competitive rates in Florida, with premiums consistently cheap in our sample of homeowners insurance quotes. In fact, you may be able to secure an even more competitive quote by taking advantage of discounts for wind mitigation, building code compliance, roof construction and centrally monitored fire and burglar alarms.
Unfortunately, lower prices may come at the cost of quality customer service. Amongst major Florida home insurers, Citizens easily has the worst complaint ratio, indicating a high level of customer dissatisfaction. As it is backed by the government, Citizens cannot file for bankruptcy and the nature of its financial risk is different from a private insurance company. But its funding is considered secure, as in the event that its funding is depleted by a major weather event, Citizens has a right to levy assessments, or charges, on its policyholders. However, this could mean increased premiums for its existing customers in the future.
We studied 67 counties, spread out geographically in the state of Florida to determine which counties had the best home insurance rates. The sample home we looked at was built in 2005 and has a replacement cost of $300,000. Rates were collected assuming the resident had no claims in the prior three years. The annual home insurance rates in our study were for a policy which includes minimum premium discounts for limited wind mitigation features.
|Rank||County||Average Insurance Rate||Cost Compared to Average|