Who Has The Cheapest Renters Insurance in Florida?

Find Cheap Renters Insurance Quotes in Your Area

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We gathered quotes in three dozen cities across Florida and found that State Farm carries the cheapest renters insurance on average, with a yearly price of about $252.

Florida renters pay about $307 per year on average for coverage.

Read on for a deeper comparison of the costs of the state's renters insurance providers, or enter your zip code in the above quote box to get a renters insurance quote in less than 10 minutes.

Cheapest Renters Insurance Companies in Florida

We studied quotes in Florida to find who had the most affordable renters insurance rates. In order to give you an idea of how much you may spend on renters insurance in Florida, we looked at rates from:

  • State Farm
  • GEICO
  • Esurance
  • Progressive

We should note however that both Esurance and Progressive use the same third-party insurer to write their renter insurance quotes, so both companies offer the same pricing in Florida.

Overall, we found State Farm to be the cheapest company, offering rates at an average of $252 per year.

A bar graph showing the average costs of renters insurance in Florida
A bar graph showing the average costs of renters insurance in Florida

Find Cheap Renters Insurance Quotes in Your Area

Currently insured?
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It's important to know that insurance prices fluctuate depending on where you live, so we recommend getting a quote tailored to your area to get the most accurate rate.

Best Renters Insurance Companies in Florida

It's not always easy to get renters insurance rates in Florida. Since some cities in the state are threatened yearly by storms, most insurers don't offer policies online and require you to call an insurer instead. You should consider whether you want to use an agent or do everything exclusively online as you're deciding which company is a fit. The following table breaks down the best qualities of each of the companies we surveyed.

CompanyBest for...
State FarmPrice and customer service
Progressive & EsuranceConvenience and speed
USAAMilitary members

State Farm Renters Insurance in Florida

State Farm offers the best renters insurance rates in Florida, based on the sample house and homeowner we analyzed. State Farm also has great customer service.

As the largest insurance company in the country, State Farm comes with an extensive agent network. Your agent will be an easy point of contact and ensure you're covered from the moment you get your policy to the time you file a claim.

Progressive Renters Insurance in Florida

rogressive and Esurance both allow you to get an online renters insurance quote — a departure from other cheap providers in Florida.

Both Progressive and Esurance allow you to bundle your policies, so if you have auto 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. Although we can't access 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

Depending on where you live in Florida, 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 most affordable renters insurance in Miami was GEICO, who gave us a rate of $344 per year.

In the summer and fall, Miami is often under threat of a tropical storm or hurricane. The city also has a good deal of theft. Consequently, rates are a bit more expensive here. Even State Farm charges about $443 per year in Miami.

A bar graph showing the average costs of renters insurance in Miami, Florida
A bar graph showing the average costs of renters insurance in Miami, Florida

Renters Insurance in Jacksonville

In Jacksonville, renters insurance is significantly cheaper than prices in Miami. We found that the city's average cost was about $295 per year, with the cheapest coverage coming from State Farm.

A bar graph showing the average costs of renters insurance in Jacksonville, Florida
A bar graph showing the average costs of renters insurance in Jacksonville, Florida

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.

A bar graph showing the average costs of renters insurance in Orlando, Florida
A bar graph showing the average costs of renters insurance in Orlando, Florida

Renters Insurance in Tampa, FL

Renters insurance in Tampa was some of the cheapest in the state, according to our study. Renters insurance from Esurance and Progressive cost around $238 per year, while GEICO quotes for the sample property we researched were $311.

A bar graph showing the average costs of renters insurance in Tampa Bay, Florida
A bar graph showing the average costs of renters insurance in Tampa Bay, Florida

Renters Insurance in Tallahassee, FL

Some of the best renters insurance rates in Florida are in Tallahassee, the state's capital of more than 181,000 residents. State Farm again offered the cheapest rates.

Based on the quotes we collected, premiums were around $216 for State Farm, $238 for Esurance and Progressive and $311 for GEICO.

A bar graph showing the average costs of renters insurance in Tallahassee, Florida
A bar graph showing the average costs of renters insurance in Tallahassee, Florida

Renters Insurance in Gainesville, FL

The cost of renters insurance in Gainesville were among some of the cheapest in Florida. State Farm was the cheapest provider on average, offering a $216 policy.

The average cost to insure our sample property here was $295. GEICO charged about $311 while renters insurance from Esurance and Progressive was $326.

A bar graph showing the average costs of renters insurance in Gainesville, Florida
A bar graph showing the average costs of renters insurance in Gainesville, Florida

Renters Insurance in Daytona Beach, FL

Daytona Beach doesn't face the same level of risk from tropical storms and hurricanes that many of Florida's other major metro areas do.

Because of this, the city has relatively cheap renters insurance. State Farm quoted us $216 for coverage, while GEICO charged about $311 for a year's worth of coverage.

A bar graph showing the average costs of renters insurance in Daytona Beach, Florida
A bar graph showing the average costs of renters insurance in Daytona Beach, Florida

Average Cost of Renters Insurance: city-by-city breakdown

We've displayed the results of our survey of the cheapest renters insurance in Florida below. We collected quotes from 36 of the state's largest cities.

Overall, the cost of renters insurance in Florida is more expensive than the national cost of coverage on average.

CityAverage cost% from statewide average
Tallahassee$243-21%
Orlando$248-19%
Tampa$258-16%
Daytona Beach$295-4%
Gainesville$285-7%
Jacksonville$295-4%
St. Petersburg$300-2%
Deltona$304-1%
Lakeland$304-1%
Palm Coast$304-1%
Hialeah$3122%
Clearwater$3266%
Coral Springs$3266%
Davie$3266%
Deerfield Beach$3266%
Hollywood$3266%
Largo$3266%
Lauderhill$3266%
Miami Beach$3266%
Miramar$3266%
Palm Bay$3266%
Pembroke Pines$3266%
Plantation$3266%
Pompano Beach$3266%
Sunrise$3266%
Weston$3266%
Boca Raton$3369%
Boynton Beach$3369%
Melbourne$3369%
West Palm Beach$3369%
Cape Coral$34613%
Fort Myers$34613%
Miami Gardens$35014%
Fort Lauderdale$35917%
Port St. Lucie$37923%
Miami$39629%

What Does Renters Insurance Cover in Florida?

Renters insurance provides Florida's renters with financial protection through four main types of coverages.

Although you're not legally required to hold renters insurance in Florida, landlords do have the right to require renters insurance as a condition of your lease.

We generally recommend that Florida tenants purchase renters insurance given its affordability and the protection it offers. For just $21 per month, you could ensure you wouldn't have to replace your belongings yourself if you lost everything.

  • Personal property coverage: If your personal belongings were damaged or destroyed by a covered peril, your renters insurance would reimburse you for the cost of replacing them up to policy limits. Common covered perils may include theft, vandalism or fire damage. Flood damage isn't covered by a regular policy, though. Instead, you'd need to purchase flood insurance from the National Flood Insurance Program.
  • Personal liability coverage: Your renters insurance policy's liability coverage applies to damage that you're responsible for, such as the costs of injuries to others or the cost of your legal defense if you're sued for damages. A typical renters insurance policy covers up to $100,000 in liability costs.
  • Additional living expenses (ALE) coverage: Also referred to as loss of use coverage, ALE pays for your expenses if you're unable to live in your home or apartment due to a covered loss.
  • 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.
  • Medical payments coverage: This part of your renters insurance policy covers a limited amount of medical costs if a guest is injured on your property.

Our methodology

We examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage.

We collected quotes from:

  • GEICO
  • Esurance
  • Progressive
  • State Farm.

The cost of renters insurance is influenced by your location, insurance history and the limits of coverage you purchase. Consequently, your rates may differ from ours.

Comments and Questions

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