Find the Cheapest Renters Insurance Quotes in Your Area
“The Sunshine State” is known for its weather, beaches, and wildlife, which contribute to its status as a popular vacation spot. Florida is the third most populous state and many of its more than 20 million residents rent homes or apartments. To see which renters in Florida pay the most for insurance, we gathered quotes from major carriers for 36 cities across the state and compared them. We found that Florida renters pay $307 per year on average for renters insurance with $30,000 in personal property coverage. Read more to find who has the cheapest renters insurance in Florida, and then enter your zip code above for a list of companies to begin shopping for rates.
Cheapest Renters Insurance Companies in Florida
We studied quotes in Florida to find who had the most affordable renters insurance rates. We looked at four companies to give you a good idea of how much you may need to spend to insure your apartment in the Sunshine State. Overall, we found State Farm to be the cheapest company, offering rates at an average of $252 per year. Insurance prices fluctuate depending on where you live however, so you will need to get a quote tailored to your area to get the most accurate rate.
Find the Cheapest Renters Insurance Quotes in Your Area
The prices above reflect rental insurance covering $25,000 worth of property and $100,000 of liability. Going with State Farm will be significantly more affordable than the other companies we surveyed. We should note however that both Esurance and Progressive use the same third-party insurer to write their renter insurance quotes, thus both companies offer the same pricing in Florida.
Best Renters Insurance Companies in Florida
Getting renters insurance in Florida may be tricky. Since some cities in the state are always threatened by storms year after year, most insurers will not offer policies online, and require you to call an insurer. Whether you wish to use an agent or do everything exclusively online should weight into your decision of which company you go with. The following table breaks down companies on what they are best for.
|Price and customer service|
Progressive & Esurance
|Convenience and speed|
State Farm Renters Insurance in Florida
As we have talked about above, State Farm offers the best renters insurance rates in Florida, based on the sample house and homeowner we analyzed. In addition to that price however, State Farm comes with great customer service. State Farm is the largest insurance company in the states, and thus comes with an extensive agent network. Your agent will likely form a professional relationship with you - giving you one easy point of contact and insuring you are covered from the moment you get your policy to the time you file a claim.
Progressive Renters Insurance in Florida
Progressive and Esurance are the most affordable companies that also allow you to get an online renters insurance quote. The process is relatively fast, and by the time you input your zip code in the box above, you could have a quote in 10 to 15 minutes. Both companies also allow you to bundle your policies, so if you have car insurance in Florida, you can get a discount on both policies by combining your policies under one roof.
USAA Renters Insurance in Florida
Current and former military members should consider taking advantage of USAA's renters insurance. Though we cannot fetch renters insurance quotes for this company, USAA generally provides highly affordable rates for its members. In addition to renters insurance as well, you can bundle your auto insurance.
Best Renters Insurance Rates in Florida: by City
Depending on where you live in Florida, from Miami with its frequent storms to the relative calm of Jacksonville, your yearly rate can change a lot. We take a deeper look at some cities in the Sunshine state below.
Renters Insurance in Miami
In Miami, renters insurance is generally much higher than in other parts of the state. The large city, which is always under threat of a tropical storm or hurricane in the summer and fall, but also has a good deal of theft, makes rates here a bit more expensive. Even State Farm charges about $443 per year in Miami. The most affordable company is actually GEICO who gave us a rate of $344 per year.
Renters Insurance in Jacksonville
In Jacksonville, renters insurance is significantly cheaper than in Miami. Like in the rest of the state, you can get your best rate at State Farm, followed by Progressive, Esurance and then GEICO. The city average between those four companies is $295 per year.
Renters Insurance in Orlando
Orlando is another city in Florida that is generally safe from the damaging storms that plague the south of the peninsula. As a result, rates are generally inexpensive with State Farm offering a quote for less than $200 per year.
Renters Insurance in Tampa, FL
The city in Tampa Bay off Florida’s Gulf Coast has a population of roughly 350,000 residents. It was included in the Adams-Onís Treaty of 1819, along with the rest of the Florida peninsula, and the U.S. soon after built a fort in what is now downtown Tampa. Today, the downtown has undergone significant redevelopment and the city is home to a thriving group of theaters and the arts. Renters insurance in Tampa is some of the cheapest in the state, according to our study. State Farm quotes were around $245 per year, while GEICO quotes for the sample property we researched were $311.
Renters Insurance in Tallahassee, FL
The capital of the state of Florida has more than 181,000 residents but its metropolitan area includes about twice that many. There are a number of universities in the town and the student population of the city is more than 70,000. Some of the best renters insurance rates in Florida are in Tallahassee, based on the quotes we collected. Premiums were around $216 for State Farm, $238 for Esurance and $311 for our sample 1,000 square foot property in the capital.
Renters Insurance in Gainesville, FL
Gainesville has more than 124,000 residents and is home to the University of Florida. The Gainesville metropolitan area was named one of the best places to live in North America by Cities Ranked and Rated in 2007, and is known for its low cost of living. Similarly, renters insurance rates in Gainesville were some of the cheapest in Florida. Our study found that the annual renters insurance premium for our sample renter's property here was $295.
Renters Insurance in Daytona Beach, FL
Located 51 miles northeast of Orlando on the Atlantic coastline, Daytona Beach is a popular tourist destination. The nearby beaches and the Daytona International Speedway attract thousands of visitors every year. However, the city itself has more than 61,000 permanent residents and other thriving industries. Unlike major metropolitan areas south of Daytona Beach (Miami is 265 miles away) the city doesn’t face the same level of risk from tropical storms and hurricanes that others do. This is a likely contributor to cheap renters insurance. State Farm was quoted at $216, while GEICO quoted our study’s sample property premium to be $311 for a year's worth of coverage.
Average Cost of Renters Insurance: by City
Below are the renters insurance rates for each of the 36 municipalities and census-designated places we gathered quotes for in the state of Florida. These are based on the premiums quoted by State Farm, Esurance, GEICO, and Progressive for the example rental dwelling we studied in the state of Florida.
What Does Renters Insurance Cover in Florida?
Renters insurance, in Florida and the rest of the country, provides financial protection through four main types of coverages.
- Personal property coverage: If personal belongings are damaged or destroyed in a covered peril, Florida renters will be reimbursed by their insurer for the cost of replacing them up to policy limits. Common perils may include theft, vandalism or fire damage. Florida tenants who live in places at high risk of theft or vandalism, especially, should consider renters insurance as protection against those events.
- Personal liability coverage: Liability coverage will cover the costs of an injury to others or, if you're sued, the cost of your legal defenses if you're at fault for the event. A typical renters insurance policy covers up to $100,000 in liability costs.
- Additional living expenses (ALE) coverage: This feature will cover expenses if Florida renters are unable to live in their rental home or apartment due to a covered event. Coverage is for costs above and beyond your normal expenses. If you live in Broward County, for example, and a windstorm breaks your window and leaves your apartment uninhabitable, ALE will cover the costs of staying in a hotel nearby up to specified dollar and time limits. ALE is also referred to as loss of use coverage.
- Medical payments coverage: Covers a limited amount of medical costs if a guest is injured on your property.
Tenants are not legally required to hold renters insurance in Florida. However, landlords do have the right to require renters insurance as part of the lease. If they do, purchasing it will be mandatory.
Regardless, we generally recommend that Florida tenants purchase renters insurance given its affordability and the protection it offers. For $21 per month, ensuring financial protection for your belongings and guarding against legal liability is almost always worth it.
Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $20,000 in personal property coverage and $100,000 in liability coverage. We collected quotes from GEICO, Esurance and Progressive online while we phoned in quotes for State Farm.
|30||Port St. Lucie||$379|
|35||West Palm Beach||$336|