Reckless Driving Deaths Most Common in Montana, Colorado, West Virginia
From 2018 through 2022, reckless driving contributed to 12,654 fatalities — including 3,075 in 2021. Here's what else we... Read More
Flood Insurance
Flood insurance protects your home and belongings from damage caused by flooding. Regular home insurance doesn't typically cover flood damage.
You may need flood insurance if your home is in a high-risk flood area and you have a federally backed mortgage, like an FHA or VA loan.
How to buy flood insurance
- Through the government-backed National Flood Insurance Program (NFIP)
- Private insurance company
Until recently, private flood insurance was typically very expensive. But it may be a good option if you need more coverage than an NFIP policy can provide. [/column] [/column]
At ValuePenguin, our experts can help you decide whether you need to get flood insurance. We can also help you find the best and most affordable options for flood insurance.
Compare top NFIP insurance companies
The federal government runs the National Flood Insurance Program (NFIP). However, NFIP policies are sold by private insurance companies.
The average cost of an NFIP flood insurance policy is $82 per month or $985 per year.
However, flood insurance rates vary based on the state where you live, the style of your home and how close you live to a body of water.
Your quote for NFIP insurance will be the same regardless of which company sells you a policy.
So, you should focus on finding a company that offers excellent customer service when shopping for insurance from the National Flood Insurance Program.
You should consider getting flood and home insurance from the same company. It will make your life much easier if you have a major emergency and you have to file both a home and flood insurance claim.
An example would be if a hurricane causes wind and water damage to your house. Your homeowners insurance policy would pay for the wind damage, while flood insurance would cover the water damage.
Find Cheap Homeowners Insurance Quotes in Your Area
Best NFIP flood insurance companies for customer service
Frequently asked questions
What is flood insurance coverage?
Flood insurance is a special type of insurance that protects your home. It covers damage to your home and your personal property from flooding. Regular home insurance usually doesn't cover flood damage.
What is the difference between flood insurance and homeowners insurance?
Flood insurance protects your home and belongings from damage caused by flood water. Homeowners insurance protects against many other types of damage, like fire, smoke and vandalism. But most homeowners insurance policies don't cover flood damage.
What is the difference between NFIP and private flood insurance?
National Flood Insurance Program (NFIP) insurance is backed by the federal government. It's usually cheaper than private flood insurance. And the NFIP won't cancel your flood insurance policy after you make a claim.
Private companies typically offer higher coverage limits, which could be necessary if you have an expensive home or valuable items.
Flood Insurance Research & Advice
Low-Income Health Insurance in New York
New Yorkers with low incomes can often get free health insurance through Medicaid or the state's Essential Plan.... Read More
How Much is Dental Insurance Per Month?
Dental insurance costs an average of $22 per month if you buy a dental plan from HealthCare.gov. Rates are higher if you need coverage for... Read More
Americans Spent $71 Billion on Drugs Like Ozempic in 2023
That’s a 500% increase on GLP-1s since... Read More
61% of Pet Owners: Furry Friends More Expensive Than We Thought
Owners spend an average of $1,750 annually on their pets. Here’s a look at expectations, costs, insurance and... Read More
Trump’s Tariffs Will Make Car Parts Costlier — Which Could Translate to Higher Auto Insurance
The already beleaguered auto insurance industry may face even more rate increases, with tariffs impacting the cost of parts, aluminium and... Read More
DEA Rules for Telehealth Providers Have Been Extended — Here’s What You Need To Know
Certain controlled substances can still be prescribed via telehealth through the end of the year.... Read More
Fired Federal Workers Are Overwhelmed and Depressed — But Help Is Available
Cuts to the federal workforce impact workers across the country. Find the support and insurance information you need to maintain your... Read More
Half of Home Insurance Policyholders Worry Their Homes Will Become Uninsurable
Two-thirds of policyholders say their rates increased in 2024, down from last year’s... Read More
Methodology
To find the average cost of flood insurance in the U.S., ValuePenguin studied data published by the National Flood Insurance Program (NFIP).