Florida is one of the most expensive states for homeowners insurance, largely due to the heightened risk of hurricanes, floods and other severe weather. Annual premiums in the state averaged $5,409 in 2025, compared to just $2,329 nationwide.
In addition, several insurers have scaled back or even stopped writing new policies in Florida altogether.
CNBC Select analyzed insurance companies that still issue homeowners policies in Florida and chose the top providers in a variety of categories. (See our methodology for more information on how we made our choices.)
Average rates are according to Bankrate analysis of Quadrant Information Services data.
Shop for homeowners insurance
Best homeowners insurance in Florida
Best for affordability: State Farm
State Farm Homeowners Insurance
Cost
The best way to estimate your costs is to request a quote
Maximum coverage
Not disclosed
App available
Yes
Policy highlights
State Farm's homeowners insurance offers coverage that's easy to bundle with other types of insurance and covers things like fire, theft or vandalism. It offers several discounts for home security systems and wind mitigation.
Does not cover
Business or professional services, damage from flooding or underground water, earthquakes or mudslides, settling or deterioration, and animals, birds or insects.
Pros
- Lots of optional coverages available
- Ability to bundle policies and save with auto or term life insurance policies
Cons
- Online quotes not available in all states
- Does not offer new homeowners insurance policies in California
Who's this for? The largest homeowners insurance provider in the U.S., State Farm also has the lowest rates in Florida. Since the company also issues auto, umbrella and other policies, you can also benefit from a hefty discount for bundling your plans.
Standout benefits: State Farm offers optional add-ons like service line, water backup and personal articles coverage, which protects high-value items. Customers can use the conveient mobile app or walk into branches in hundreds of Florida cities.
Florida average annual premium: $2,090
Best for discounts: Liberty Mutual
Liberty Mutual Homeowners Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Yes
Policy highlights
Liberty Mutual homeowners insurance offers customizable policies with optional features like hurricane damage, water backup and inflation protection coverage. Discounts for newly purchased homes and bundling home and auto insurance can help owners save.
Pros
- Policies are available in all 50 U.S. states
Cons
- Online quotes can be limited in some states
Who's this for? Liberty Mutual has generous discounts for homeowners, including for bundling, setting up autopay and remaining claim-free for at least three years. You can see a reduction of up to 10% just for purchasing your policy online.
Standout benefits: If you insure your home up to its recommended replacement cost, you can earn an insured-to-value discount.
Florida average annual premium: Not available
Best for high-value homes: Chubb
- Top-rated for customer satisfaction by J.D. Power
- Extended replacement cost available
- Complimentary home inspections and property services
- Cash settlement available if you decide not to rebuild
- Rates are higher than many competitors
- Online quotes are not available
Who's this for? Chubb's Masterpiece Homeowners Insurance includes extended replacement cost as a standard benefit, plus enhanced dwelling coverage limits and a higher-than-normal $5,000 limit for jewelry and other valuables.
Standout benefits: Chubb also sells flood insurance, with limits of up to $15 million in dwelling and personal property coverage. Policyholders receive the replacement cost value for flood claims, rather than just the actual cash value.
Florida average annual premium: $7,354
Best for hurricane coverage: Allstate
Allstate Homeowners Insurance
Cost
The best way to estimate your costs is to request a quote
App available
Yes
Policy highlights
Allstate's homeowners insurance combines strong track records for customer satisfaction with affordability. While not available in all states, it is widely available across the U.S. It's also willing to work with homeowners who have unique needs like those with homes over 100 years old. Special features including unique homesharing coverage can help make your homeowners insurance policy even more useful.
Pros
- Offers several discounts, including bundling discounts for bundling home and auto insurance
- Coverage is available in all 50 states and Washington, D.C.
Cons
- New policies not available in California
Who's this for? Allstate sells both homeowners insurance and flood insurance, which is helpful in hurricane-prone Florida. It issues both NFIP policies, which max out at $250,000 worth of dwelling coverage, as well as private insurance through Beyond Floods, with a limit of $1.5 million.
Standout benefits: You can trim $100 from your deductible each year you're claim-free, up to $500. If you're renting out your property, Allstate's HostAdvantage home-sharing insurance offers added protection.
Florida average annual premium: Not available
Best for flood coverage: Tower Hill
Tower Hill Homeowners Insurance
Cost
The best way to estimate your costs is to request a quote
App available
No
Policy highlights
Tower Hill offers homeowners insurance for those in Florida with affordable prices. It offers the ability to pay bills file claims, and get quotes online.
Pros
- Offers affordable rates for homeowners in Florida
Cons
- Doesn't offer auto insurance to bundle coverage and save
Who's this for? Tower Hill's private flood insurance policies can cover homes for up to $2.5 million, or ten times higher than the National Flood Insurance Program's maximum or residential buildings. They can be bought as standalone plans or bundled with a homeowners policy to receive a discount.
Standout benefits: Tower Hill is a reciprocal insurance exchange, which means members insure each other and can share in underwriting profits. Customers earn a discount for installing wind mitigation features.
Florida average annual premium: $4,905
How much is homeowners insurance in Florida?
Homeowners insurance is more expensive in the Sunshine State than almost any other part of the U.S., largely due to the heightened risk of hurricanes, floods and other severe weather: Annual premiums averaged $5,409 in 2025, compared to just $2,329 nationwide.
Individual rates vary by home type, coverage limits and other factors, including location: Premiums in Miami will be considerably higher than Ocala, for example.
Why is homeowners insurance so expensive in Florida?
Premiums in Florida are more than double the nationwide average — here are the main reasons why.
1. Climate change
The increasing frequency and severity of hurricanes and other severe weather due to climate change has helped insurance premiums soar in the state. Homeowners can get some relief with wind mitigation features, but rates are still well beyond the norm.
2. Inflation
Since the pandemic, the rising cost of building materials and the shortage of skilled labor has led insurers to raise premiums.
3. Litigation
Even though Florida accounts for less than 10% of all homeowners’ claims, it’s the site of nearly 80% of insurance-related lawsuits. The Insurance Information Institute points to a provision that required insurers to pay legal fees if a policyholder won a property claims suit, without requiring policyholders to pay up if they lost.
Insurance reform passed by the Florida state Senate in December 2022 eliminated the "one-way attorney's fee" system, but policies in force before January 2023 have been grandfathered in.
4. Fraud
Florida’s litigation-friendly environment also fueled a proliferation of scams by unscrupulous roofers, who solicit homeowners for unnecessary work, file claims on their behalf and then sue insurers when the claims are challenged or denied.
The 2022 reforms eliminated the ability of policyholders to transfer benefits to contractors, leading to a sharp decline in these scams.
5. The cost of reinsurance
With larger providers limiting coverage or pulling out of Florida, the state's insurance market relies heavily on smaller local companies that count on reinsurers to assume risks they can’t afford.
As the number of extreme weather events has increased, reinsurance costs in Florida have shot up — by as much as 100% in January 2023 alone, according to Insurance Business magazine.
Insurance companies are, in turn, passing that increase on to consumers.
What does homeowners insurance cover in Florida?
Homeowners insurance in Florida covers your property and personal belongings from covered events, like fire, theft and falling objects. It also protects you if someone is injured on your property and can pay for living expenses if you need to relocate while your home is being repaired.
While homeowners insurance in Florida may cover damage from severe weather, your policies may have a separate deductible for hurricanes and named storms, usually between 1% and 5% of your dwelling coverage.
Homeowners insurance doesn't cover normal wear and tear, mold, mildew or termites or other pests, especially if proper precautions weren't taken. Damage from flooding from outside the home requires a separate flood insurance company, either from the National Flood Insurance Program (NFIP) or through a private provider.
How to save on homeowners insurance in Florida
Step 1: Shop around
Get rate quotes from at least three providers, requesting the same coverage limits and deductibles. You may also want to ask people in your neighborhood what insurance company they use and the rates they pay.
Step 2: Invest in wind mitigation features
If you own an older home you may be able to get a discount for installing impact-resistant doors and windows, Hurricane straps, specialized roofing materials and other features.
Step 3: Bundle insurance
You may be eligible for a discount if you buy home and auto insurance from the same company. Some providers will reduce premiums for combining other insurance products, as well.
Step 4: Improve your credit score
In Florida, insurers can consider your credit history when determining approval and premiums. You can improve your credit-based insurance score by paying bills on time and in full, lowering your debt-to-income ratio and checking your credit report for errors.
If you get turned down for homeowners insurance in Florida
Being turned down for homeowners insurance doesn't mean you can't get a policy.
- Find out why you were rejected: There may be a way for you to appeal or remedy the issue.
- Ask neighbors or the home's previous owner which insurance company they used.
- Try several other insurers that offer policies in Florida and compare rates.
- Finally, try the Citizens Property Insurance Corporation, Florida's insurer of last resort. To be eligible, you must be unable to find coverage elsewhere or have been quoted unaffordable rates.
Florida homeowners insurance FAQs
How much is homeowners insurance in Florida?
Annual premiums for homeowners insurance in Florida averaged $5,409 in 2025, nearly one-and-a-half times the national average.
Why is home insurance so expensive in Florida?
Insurance rates in Florida have soared in recent years due to an increase in hurricanes and other severe weather caused by climate change, as well as inflation, the rising cost of reinsurance and the high number of insurance-related lawsuits and scams.
What if I can't get homeowners insurance in Florida?
If you're been turned down for homeowners insurance or your policy hasn't been renewed, you can look into Fair Access to Insurance Requirements (FAIR) plans, a last resort for high-risk homeowners. In Florida, the Citizens Property Insurance Corporation provides coverage if you can't secure it in the private market, but the rates are considerably more expensive.
Is homeowners insurance required in Florida?
There is no state law in Florida (or any other U.S. state) requiring homeowners insurance. If you have a mortgage, however, your lender may require a certain amount of coverage.
Do I need flood insurance in Florida?
Homeowners insurance typically doesn't cover flooding caused by heavy rains or hurricanes. Because of the increased risk of flooding in Florida, a standalone flood insurance policy is a wise investment and may be required if you are paying off a mortgage.
Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here.
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. To research the best insurance companies, we compiled over 50 data points on more than a dozen insurance companies. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Our methodology
CNBC Select analyzed nearly two dozen top insurance companies that issue homeowners policies in Florida, based on cost, coverage limits, endorsements, discounts and online experience.
We incorporated customer satisfaction ratings from J.D. Power and the National Association of Insurance Commissioners' complaint index, as well as financial strength ratings from A.M. Best.
Average annual premiums are for $300,000 of dwelling coverage on a home built in 2017, based on a couple with a good credit score and clean claims history.
We also considered CNBC Select audience data when available, such as general demographics and engagement with our content and tools.
From there, we sorted our picks by the:
- Best for affordability: State Farm
- Best for discounts: Liberty Mutual
- Best for high-value homes: Chubb
- Best for hurricane coverage: Allstate
- Best for flood coverage: Tower Hill
Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date.
