Best Cheap Home Insurance in Florida (2025)
Tower Hill has the cheapest home insurance in Florida, at $1,552 per year, on average.
Find Cheap Home Insurance Quotes in Florida
Best cheap homeowners insurance in Florida
Cheapest Florida homeowners insurance
Tower Hill has the most affordable homeowners insurance in Florida.
Its rates are typically less than half the Florida state average, regardless of how much coverage you need.
For example, Tower Hill charges around $1,552 per year for $350,000 of dwelling coverage. That's less than half the state average and 39% less than the second-cheapest company, Allstate.
Find Cheap Homeowners Insurance Quotes in Your Area
The average cost of homeowners insurance in Florida is $3,383 per year for $350,000 of dwelling coverage. That's 57% more expensive than the national average of $2,151 per year.
Florida homeowners insurance quotes vary widely between companies. So you could save thousands of dollars by comparing quotes from multiple home insurance companies.
Cheapest FL home insurance quotes
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| Tower Hill | $989 | |
| Allstate | $1,767 | |
| Progressive | $2,030 | |
| Universal | $2,140 | |
| Nationwide | $2,366 | |
$200,000
Company | Annual rate | ||
|---|---|---|---|
|
| Tower Hill | $989 | |
|
| Allstate | $1,767 | |
|
| Progressive | $2,030 | |
|
| Universal | $2,140 | |
|
| Nationwide | $2,366 | |
$350,000
Company | Annual rate | ||
|---|---|---|---|
|
| Tower Hill | $1,552 | |
|
| Allstate | $2,561 | |
|
| Progressive | $2,705 | |
| State Farm | $3,053 | |
|
| Nationwide | $3,431 | |
$500,000
Company | Annual rate | ||
|---|---|---|---|
|
| Tower Hill | $2,044 | |
| Chubb | $2,556 | |
|
| Allstate | $3,190 | |
|
| State Farm | $3,546 | |
|
| Progressive | $3,846 | |
$1 million
Company | Annual rate | ||
|---|---|---|---|
|
| Tower Hill | $3,685 | |
|
| Chubb | $5,073 | |
|
| Allstate | $5,554 | |
|
| State Farm | $5,785 | |
|
| Progressive | $6,581 | |
What types of home damage are most common in Florida?
Tropical storms and hurricanes are one of the main causes of home damage in Florida.
Together, hurricanes and tropical storms caused over $20 billion in property damage in Florida between 2020 and 2025. This is one reason why Florida homeowners insurance rates are so high. Some of the hardest hit areas include Miami, Fort Lauderdale and Boca Raton.
- Regular homeowners insurance typically covers wind damage. However, you may have to pay a separate, higher deductible for hurricane damage.
- Home insurance doesn't cover flooding caused by storm surge or heavy rain. You'll have to buy separate flood insurance to protect against weather-related flooding.
Best home insurance in Florida for most people: Tower Hill
-
Editor's rating
- Cost: $1,552/yr
Tower Hill has the most affordable rates in Florida, along with reliable customer service.
Pros:
-
Cheapest quotes in FL
-
Great customer service
-
Offers flood coverage
Cons:
-
No online quotes
-
Can't bundle with car insurance
Tower Hill has the cheapest insurance for Florida homeowners, with an average price of $1,552 per year for $350,000 worth of dwelling coverage. That's less than half the state average of $3,383 per year. Tower Hill also has the cheapest rates for $500,000 and $1 million homes.
Tower Hill offers flood insurance and coverage add-ons like debris removal coverage.
These coverages can come in handy after a tropical storm. It also offers special coverages for higher-value homes and equipment breakdown.
Tower Hill gets 96% fewer complaints than an average insurance company of the same size. That suggests most Tower Hill customers are satisfied with their coverage.
But Tower Hill doesn't offer online quotes, so you'll have to call an agent to compare rates or buy a policy. And while you can get home, flood and even boat insurance from Tower Hill, it doesn't sell auto insurance in Florida.
If you already have an auto policy, it's a good idea to see what you could save with your current company by bundling your home and auto coverage.
Best home insurance in Florida for online tools: Allstate
-
Editor's rating
- Cost: $2,561/yr
Allstate online tools help you manage your policy and better understand your home insurance.
Pros:
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Many helpful online tools
-
Affordable rates
-
Many local agents
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Lots of coverage add-ons and discounts
Cons:
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Poor customer service
-
Expensive auto policies make it a bad choice for bundling
Allstate stands out for its helpful online tools. For example, Allstate's app provides info on your home's flood, fire, wind, air quality and heat risks. You can also enable weather alerts for hail, wildfires, tornadoes or hurricanes near you.
An Allstate policy costs $2,561 per year, on average. That makes Allstate the second-cheapest homeowners insurance in Florida for moderately priced homes.
You can take advantage of Allstate's many discounts to lower your rate even further.
- Claim-free
- Windstorm mitigation features
- Auto-home bundling
- Responsible payment
- Theft/fire protection devices
- Welcome and loyalty
- Automatic payment
- Homebuyer
- Early sign-up discount
Allstate has a strong network of local agents. Agents can help you report a claim or make changes to your policy. You can also get advice tailored to your personal situation and unique needs.
Allstate scored in the bottom half of the J.D. Power customer satisfaction survey. That means it may take longer to fix your home after a claim, and you could end up spending more on repairs.
However, an Allstate homeowners policy could be worthwhile if you qualify for one or more discounts and don't mind sacrificing customer service for a lower price.
Best homeowners insurance in Florida for customer service: State Farm
-
Editor's rating
- Cost: $3,053/yr
State Farm has a reputation for helping people get their lives back to normal quickly after a claim.
Pros:
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Great customer service
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Good for bundling home and auto
-
Reliable after natural disasters
Cons:
-
Not the cheapest rates
-
Few discounts and coverage options
State Farm is an excellent choice for home insurance if customer service is a priority for you. It has the highest score among major Florida homeowners insurance companies on J.D. Power's customer satisfaction survey.
In Florida, a State Farm homeowners policy costs $3,053 per year on average. That's roughly 10% less than the state average. However, it's far from the cheapest coverage available. Tower Hill policies cost $1,552 per year for the same coverage, around half of what you can expect to pay with State Farm.
State Farm is a good option if you prioritize a smooth claims process. But, it's worth keeping in mind you likely have cheaper options available.
State Farm is financially strong, which can matter after a hurricane. Companies in worse shape may run out of money when paying out lots of claims after a storm.
Best home insurance in FL if you can't find cheap coverage: Citizens
-
Editor's rating
- Cost: $7,085/yr
Citizens offers home insurance to Florida homeowners who can't get affordable coverage from a regular company.
Pros:
-
Available to people that can't get coverage elsewhere
-
Offers the cheapest rates for some Florida homeowners
Cons:
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Very few coverage options
-
Poor customer service reviews
Citizens is an insurance company run by the Florida state government. Citizens sells insurance to homeowners who are struggling to find coverage from a private company, making the company what's called an "insurer of last resort."
Citizens Insurance isn't available to all Florida homeowners. To buy a policy from Citizens, you must either:
- Not be able to get a policy from a privately run company, or
- Quotes from private companies are 20% more expensive than rates from Citizens.
Citizens may be the only option for some homeowners, but there are some downsides.
Citizens' coverage options are very limited. That means it's not a good fit for people who want extra protection.
For example, Citizens only offers $100,000 of liability protection and up to $700,000 of dwelling coverage. If you want higher coverage limits, you'll have to buy an umbrella policy somewhere else.
In addition, the Florida government recently passed a bill that requires all Citizens customers to get flood insurance by 2027. That includes people who don't live in a high-risk area for flooding.
How much is home insurance in Florida?
Home insurance in Florida costs $3,383 per year, or $282 per month, on average.
Florida has the most expensive homeowners insurance in the country. This is partially because of its frequent hurricanes and tropical storms.
Florida state law also lets homeowners who sue their insurance companies get higher payouts than they would in other states. This has led to more expensive rates in recent years.
Average cost of home insurance in Florida
Dwelling coverage | Annual cost |
|---|---|
| $200,000 | $2,185 |
| $350,000 | $3,383 |
| $500,000 | $4,666 |
| $1 million | $8,958 |
Keep in mind that costs differ significantly depending on which part of the state you live in.
For example, rates tend to be higher in South Florida because of the area's expensive homes and frequent tropical storms.
Florida home insurance cost by city
Dade City North, a suburb of Tampa, has the cheapest home insurance rates in Florida.
Homeowners in Dade City North pay an average of $2,226 per year, which is 34% cheaper than the state average.
Hialeah, a city in Miami-Dade County, has the most expensive quotes, at $6,658 per year. That's nearly twice the Florida average, and three times as much as Dade City North. This is likely because of the higher tropical storm and hurricane risk in Miami-Dade.
Average home insurance cost in Florida by city
City | Annual rate | % from avg |
|---|---|---|
| Alachua | $2,612 | -23% |
| Alafaya | $3,553 | 5% |
| Alford | $2,981 | -12% |
| Allentown | $2,773 | -18% |
| Altamonte Springs | $3,172 | -6% |
Best Florida home insurance companies
State Farm has the best-rated home insurance in Florida because of its excellent customer service and affordable rates.
Tower Hill is also a great option. It has the cheapest rates in the state, along with few customer complaints and helpful coverage add-ons.
Top-rated home insurance companies in Florida
Company |
Rating
|
Complaints
|
|---|---|---|
| State Farm | Average | |
| Tower Hill | Low | |
| Nationwide | Low | |
| Citizens | Low | |
| Allstate | Low |
The best Florida home insurance companies have strong customer service ratings, many coverage options and low rates.
When considering the best insurance company to protect your home, it's important to look beyond quotes to other factors like customer service and financial stability. An affordable insurance company may not be worthwhile if you have to go through a difficult claims process.
What home insurance coverage should you have in the state of Florida?
Florida homeowners should make sure their policy protects against wind and storm damage.
Does FL home insurance cover wind damage?
Wind damage is almost always covered by any homeowners insurance policy.
However, you may need to get a separate windstorm insurance policy if you live in a coastal area that regularly gets strong winds.
Your homeowners policy may have a separate deductible if you live in a coastal part of Florida. Even if you've already paid your regular deductible, you'll still have to meet your wind damage deductible before your policy will pay out.
Does home insurance in Florida cover roof damage?
Home insurance covers many types of roof damage, including damage caused by wind and any leaks that follow.
However, you should check your policy to make sure your roof is fully covered, especially if you live in an older home.
A recent Florida state law stops insurance companies from denying coverage for homes with roofs less than 15 years old. But most companies limit the amount they'll pay to replace older roofs.
It's important to understand your roof coverage so you're not surprised by a big repair bill after a storm.
Does Florida homeowners insurance cover hurricanes?
Homeowners insurance typically covers many types of hurricane damage, including wind and lightning. However, Florida homeowners often have a separate hurricane deductible.
But, home insurance doesn't cover flooding caused by a hurricane. If you want to protect your home from flood damage, you'll need to buy a separate flood insurance policy.
Will Florida home insurance pay for flood damage?
Water damage caused by rain and flooding isn't typically covered by homeowners insurance.
If you live in an area with a high risk of flooding, you should buy a flood insurance policy. It's the only way to protect your home from flood damage.
And your mortgage company may require you to have flood insurance if you live in a very high-risk area.
In Florida, you can get flood insurance for around $853 per year from the National Flood Insurance Program (NFIP).
In the first half of 2025, the NFIP paid over $1 billion in flood insurance claims across Florida. And that's before the start of the 2025 hurricane season.
How do I lower my homeowners insurance in Florida?
You can save money on your Florida homeowners policy by making certain improvements to your house.
One way to save money on your Florida home insurance is to sign up for the My Safe Florida Home program.
You can qualify for up to $10,000 in matching funds to help you update your home with hurricane-resistant features like exterior doors and reinforced roof-to-wall connections. The program pays out $2 for every $1 you spend on eligible improvements.
You can also get a discount when you sign up for an optional wind mitigation inspection. Keep in mind that you may have to pay for an inspection and you only get a discount if you pass.
Next, get quotes from multiple insurance companies to find your best rate. In Florida, the most expensive insurance company costs nearly three times as much as the cheapest option. So you can save a lot of money just by comparing quotes.
You can also reduce your rate by lowering your coverage limits or raising your deductible.
Just make sure you have enough insurance to properly protect your home and you can still afford your deductible.
Lastly, check with your homeowners insurance company to see if it offers any other discounts you may qualify for. Some companies offer discounts for retirees and people who work from home.
Florida home insurance rate trends
Home insurance rates have gone up 55% in Florida over the last six years.
Florida homeowners saw major increases in their home insurance rates in 2022 and 2023, when rates went up by 11.1% and 13.7%, respectively. In 2024, however, home insurance rates in Florida went up only 1.7%.
Florida’s home insurance rates went up the past few years due to an increase in the frequency and severity of hurricanes and flooding. In 2024, though, rates stayed relatively stable, suggesting small improvements are happening in Florida’s difficult home insurance landscape.
FL homeowners increasingly can't get insurance from mainstream companies
In the last five years, the number of Florida homeowners who can't get home insurance from a regular insurance company has nearly quadrupled.
Citizens Property, the insurer of last resort in FL, saw its market share jump from 5.2% in 2019 to 18.6% in 2023. That means it went from covering around 1 in 20 homes to 1 in 5. It's now the biggest insurance company in the state, beating out State Farm, Universal and Florida Peninsula Insurance.
That's on top of the approximately 20% of Florida homeowners who opted out of home insurance entirely in 2024.
Florida homeowners can only get a policy from Citizens if they can't get coverage from a private insurance company or if the quotes they get are at least 20% more expensive than the cost of Citizens.
The cost of coverage at Citizens is increasing, too. The company's total premiums are six times higher than they were in 2019, from around $520 million to $3.2 billion in 2023. Across all home insurance companies statewide, total premiums only increased by 71% between 2019 and 2023.
Frequently asked questions
Who is the best homeowners insurance for Florida?
Tower Hill is the best company for most people because it has affordable quotes and good customer service. Tower Hill has the cheapest rates in Florida, with an average price of $1,552 per year for $350,000 worth of dwelling coverage. It also gets 96% fewer customer complaints than an average company its size, according to the National Association of Insurance Commissioners (NAIC).
How much is homeowners insurance on a $500,000 home in Florida?
The average cost of a policy with $500,000 of dwelling coverage in Florida is $4,666 per year, or $389 per month. However, Florida homeowners can find much cheaper rates at Tower Hill, where a policy costs an average of $2,044 per year.
Does State Farm insure homes in Florida?
Yes, State Farm sells home insurance in Florida. It has some of the top-rated customer service in the state. While State Farm is usually cheaper than average in Florida, you can typically find more affordable coverage elsewhere.
Why is Florida home insurance so expensive?
Florida homes face some extra risks you won't find in every state, including storms, hurricanes and flooding. Florida also has more cases of fraud than other states, especially for roof replacement.
What is the average cost of homeowners insurance in Florida?
Florida home insurance costs around $3,383 per year, or $282 per month. Your actual cost will depend on your property value, location, typical risks, past claims and other factors.
Methodology
To find the best cheap home insurance in Florida, ValuePenguin editors gathered quotes from nine of the largest home insurance companies in the state using every residential ZIP code in Florida. Rates are for a 45-year-old married man with no prior insurance claims.
Quotes include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. Quadrant's rates were publicly sourced from insurer filings and should only be used for comparative purposes.
Home insurance ratings are based on complaint data from the National Association of Insurance Commissioners (NAIC), the J.D. Power customer satisfaction survey and ValuePenguin's ratings.
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Data on the rate of uninsured homes was sourced from the Insurance Information Institute (III).
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
