COVID-19 Update: If you're thinking about renters insurance in the context of coronavirus, see below for information.
Selecting the right renters insurance company means choosing a provider that brings affordability together with useful features and reliable customer service. To help you find the best, most affordable company, we obtained 122 quotes across Florida and evaluated some of the state's largest renters insurance providers.
Compare cheap renters insurance options in Florida
The cheapest rate we found is $21 per month — about $245 per year. In addition to the most affordable renters insurance, we've placed our selections for the state's other top renters coverage providers below.
Best renters insurance for most people: Geico
- Cheapest overall rates on average
- Comparably wide range of personal property limits
- Receives more complaints than typical for its size
Geico offers the cheapest renters insurance in Florida. The typical cost of Geico renters insurance coverage is $21 per month, or $254 per year — 27% cheaper than Florida's average. Given that Florida is more prone to natural disasters than many other areas throughout the U.S., it can be difficult to find cheap apartment renters insurance in the state.
If you purchase a renters insurance policy with Geico, you'll receive coverage through Assurant, the company that Geico uses to underwrite a large portion of its renters insurance policies. Data from the National Association of Insurance Commissioners (NAIC) indicates that Assurant receives more complaints than its size would suggest, but fewer than other Florida renters insurance companies.
Coverage with Geico renters insurance can be practical. Its protections are typical of the industry, and there are a few updates that can bolster your standard coverage. You do have to pay a separate hurricane deductible if your property is damaged by a storm. This fee, the amount you're charged before your insurer will cover damage, is $1,000 and nonadjustable.
Compared to other renters insurance companies we surveyed, you can purchase more personal property coverage than most other providers — up to $50,000. Your policy also includes replacement-cost coverage. We also like Geico's rent protection insurance, which helps you make rent payments if you become unemployed.
Best for coastal properties: UPC
- Private flood insurance
- Tends to have lower rates near the coast
- Poor customer service
If you're one of the many residents who live on Florida's coasts, UPC renters insurance is a provider to consider. UPC specializes in providing coverage to renters whose properties are at risk of large-scale disasters, but it might not be as attractive to in-land renters.
UPC offers several levels of flood insurance for people living in susceptible areas. With UPC's private flood insurance, you can purchase between $300,000 and $750,000 of coverage depending on your location. With the company's excess flood plans, you can buy up to $5 million of extra protection, too.
Your rates can vary with UPC, but coverage tends to be more expensive for homes that are further inland. Unfortunately, the company doesn't utilize an online quote form to estimate your premium, so you have to contact a local representative for pricing and detailed policy information.
The main downside of UPC is the poor quality of its customer service. It receives about six times the amount of complaints than its market share would suggest. UPC's customer service suffers from a high number of policyholders complaining about the size of settlements they were offered.
Best renters insurance for mobile homes: State Farm
- Offers practical endorsements
- Has the best financial strength of any company
- Must contact a representative for coverage
State Farm provides the best renters insurance for people who live in mobile or manufactured homes in Florida. Like other renters insurance companies in Florida, State Farm requires you to contact an agent to get rate information. But, bundling your renters insurance for a mobile home with another policy could result in savings.
Unlike most other renters insurance companies in Florida, State Farm allows you to add replacement-cost coverage to your policy, an endorsement that ensures any reimbursements you receive won't be reduced due to depreciation.
The identity theft protection add-on is the best among companies we surveyed. It costs about $25 per year and provides $25,000 of coverage for expenses and fraud recovery assistance and legal services — the highest limit we found offered by renters insurance companies in Florida.
Typically, the customer service you get with State Farm is very good. However, like other companies in Florida, State Farm receives more complaints in the state than expected. Customers most frequently complained about the size of the settlement State Farm offered, and many complained about having their claims rejected outright.
How we chose the best renters insurance in Florida
We based our picks for the best renters insurance companies in Florida on three measurements of quality:
- Affordability: What a typical customer can expect to pay for coverage
- Coverage options: The quality of an insurer's standard and extra coverages
- Customer service: An insurer's reputation for dealing fairly with customers' claims
Of these three measurements, we gave the most attention to affordability. However, since insurance tends to be much more expensive than average in Florida due to its frequency of severe weather, we heavily considered coverage options and quality in conjunction with price.
Affordability: how much renters pay for coverage in Florida
The average cost of renters insurance in Florida is $29 per month, or $348 per year. This price makes Florida one of the most expensive states for renters insurance in the country. Across the U.S., we found that renters insurance costs about $16 per month.
It's often difficult to find renters insurance quotes online. Many companies require you to contact an agent to receive quote information, especially if you live near a coastline or on a lake or river. Depending on your location, contacting several renters insurance companies near you may be one of the best ways to compare prices.
The cheapest renters insurance in Florida is Geico, which sells policies for $21 per month. Security First has the most expensive rates at $40 per month, or 38% more than the state's average cost.
Average cost (per month)
Average cost (annual)
% difference from Florida average
Many factors affect renters insurance prices. For example, your rates may rise or fall depending on your age, location and insurance history. The coverage you choose also influences the cost of your policy. Because of these reasons, your quotes may differ from ours. We sourced rates for:
- Personal property protection: $30,000
- Liability coverage: $100,000
- Guest medical protection: $1,000
Compare cheap renters insurance options in FL
Coverage options: Features available with each insurer
Above, we've emphasized companies that offer a variety of ways to customize your protection, while still providing enough coverage with a standard policy that buying add-ons isn't necessary. The following table displays the various features of each company, along with the maximum allowable limits when available.
We were unable to provide specific policy details for State Farm and UPC. Although we've recommended them above, definitive rate and policy information isn't available without speaking to an agent at a local office. However, we still think they're worth considering for most insurers.
Hurricane loss deductible
|Geico||$5,000–$50,000||$50,000–$300,000||$1,000||up to $2,500||X||up to $15,000||-|
Since homes in Florida can be damaged by hurricanes and tropical storms, many renters insurance companies charge a separate deductible for claims related to these perils. In most cases, this deductible isn't set. However, for Geico, renters must pay $1,000 before receiving reimbursement for hurricane damage.
What are these coverages?
- Water backup pays for expenses arising from backed-up drains and sump pumps.
- Identity theft protection covers expenses arising from identity theft cases, including services for restitution and recovery services.
- Replacement cost coverage reimburses you the full value of your items, without depreciation, after a covered peril damages your belongings.
- Valuables plus increases coverage for specific types of property or individual items, especially high-value items.
Customer service: How the service reputations of renters insurance companies compare
Florida's renters insurance providers suffer from high unfavorability. Most policyholders take issue with low claim settlement offers or rejected claims. As a result, it's almost impossible to find an insurer with customer service that's comparable in other parts of the country.
We checked three measurements to see which renters insurance company in Florida has the best customer service reputation: the NAIC's Complaint Index, J.D. Power's U.S. Home Insurance Study - Renters Insurance and A.M. Best's Financial Strength Rating (FSR).
NAIC Complaint Index
J.D. Power (out of 14)
A.M. Best FSR
|Universal North America||1.91||Not rated||B++|
|Tower Hill||9.49||Not rated||A-|
|Citizens Property Insurance||8.70||Not rated||Not rated|
|FedNat Insurance||6.03||Not rated||Not rated|
|Heritage||8.47||Not rated||Not rated|
|UPC||6.61||Not rated||Not rated|
|Security First Insurance||11.54||Not rated||Not rated|
NAIC Complaint Index: This number shows the number of complaints an insurer receives relative to its market share. A number less than 1.0 reveals that an insurer gets fewer complaints than expected. It's not uncommon for providers in Florida to have two or three times more complaints than expected.
J.D. Power U.S. Home Insurance Study - Renters Insurance: This study ranks 14 renters insurance companies according to factors such as price, policy offerings and claims service. Unlike other states, many of Florida's largest providers weren't surveyed.
A.M. Best Financial Strength Rating: This metric assesses a company's ability to fulfill its financial commitments to its policyholders — specifically, whether it can pay out claims during economic downturns. Companies tend to be well-rated by A.M. Best, but the tool is useful at identifying companies that might be unreliable.
What are the effects of coronavirus on renters in Florida?
Many renters insurance providers have instituted changes to reduce their policyholders' financial burdens during the coronavirus pandemic. Many have done away with late fees and cancellations for renters who miss payments. Additionally, it's not likely that you'll get an in-person visit from an adjuster if you're trying to make a claim. Instead, you'll have to work with your insurer to complete the claim process electronically.
Florida has followed many states in issuing a moratorium on evictions due to missed payments during the coronavirus pandemic. This order does not waive rent, however. You'll have to pay all the rent required by your lease, as no state has passed any rent-freezing legislation.
Florida renters insurance rates: City-by-city breakdowns
We calculated the cost of renters insurance for many of Florida's largest cities using the rate information we collected from our survey. Below, we've also visualized each city's difference from Florida's average cost of rental insurance.
The cheapest city for renters insurance in Florida is Tallahassee, where coverage costs an average of $16 per month, or around $186 per year. Coverage is much more expensive in West Palm Beach, where the average price of renters insurance is $714 per year for a typical policy.
Average cost (month)
Average cost (per year)
% difference from Florida average
|Port St. Lucie||$38||$459||32%|
We gathered renters insurance quotes for a 30-year-old unmarried tenant. We collected 125 quotes from addresses across Florida and calculated an overall average cost, as well as typical costs for each insurer. Our sample policyholder was insured for $30,000 of personal property coverage, $100,000 of personal liability and $1,000 of medical payments to guests.