Updated: November 4, 2025
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The average cost of homeowners insurance in Florida in 2024 is $8,770, $6,347 higher than the national average of $2,423.
Beyond coverage amount, the insurance provider has the largest impact on premiums, with the difference between the lowest and highest premium amounts reaching $13,846 on average. If your rates have recently increased, the cheapest home insurance in Florida may offer more affordable options. Your choice of insurer affects your premiums.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 27, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Florida, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Florida as of 2024.
In Florida, the average homeowners insurance premium for a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K liability coverage is $8,770, 262% higher than the national average of $2,423.
When determining how much coverage you need, ensure your policy can cover completely rebuilding your home and replacing personal property after a total loss. In Florida, $100K in dwelling coverage costs $3,618 annually, while $500K in dwelling coverage costs $15,983.
| $100K Dwelling / $50K Personal Property / $100K Liability | $3,618 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $8,770 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $15,983 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $23,925 |
Homeowners in Florida face a wide range of premiums, with costs varying between insurers for comparable coverage. Nationwide offers a policy at $3,485 annually, while Universal Property's similar plan costs $15,419.
For those exploring options, review the best homeowners insurance in Florida. Differences in underwriting can lead to substantial disparities in premiums, so it's beneficial to compare offerings to find a suitable match for your needs.
| Nationwide | $3,485 |
| State Farm | $5,492 |
| ASI | $7,886 |
| Florida Peninsula Insurance | $8,006 |
| Chubb | $8,442 |
| Heritage Insurance | $8,638 |
| Allstate | $12,794 |
| Universal Property | $15,419 |
In Florida, homeowners with poor credit-based insurance scores pay an average annual premium of $10,476 for homeowners insurance, which is $1,706 above the state average. This stark contrast underscores the financial benefit of maintaining a good credit score, as those with good credit pay an average rate of $8,770.
While you may not be able to improve your credit score immediately, you can improve it over time to lower your rates. In the short term, you can compare the most affordable Florida home insurers in less than 15 minutes to see which will save you the most.
| Poor | $10,476 |
| Below Fair | $9,858 |
| Fair | $9,123 |
| Good | $8,770 |
| Excellent | $8,311 |
The type of roof on your home influences insurance premiums, albeit modestly. In Florida, homes with composition roofing, which is common and cost-effective, have the lowest average annual premium. On the other hand, tile roofs, despite their durability and popularity in the state, show a slight increase in average premiums.
Construction materials also play a role in determining insurance costs. Concrete block construction, known for their resistance to certain perils, can lead to lower insurance rates. Conversely, standard frame construction, which is widespread, typically results in higher premiums due to its relative vulnerability.
Use the drop-downs in the table below to see how premiums change based on your home's materials.
| $100K Dwelling / $50K Personal Property / $100K Liability | $3,618 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $8,770 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $15,983 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $23,925 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $31,575 |
Insuring a newly constructed home in Florida is more affordable, with an average premium of $4,234, $4,536 less than the $8,770 average for older homes. The table shows the premium differences for varying coverage levels in new versus existing homes:
| Existing Construction (2000) | $8,770 |
| New Construction (2023) | $4,234 |
In Florida, homeowners who have maintained a claim-free record for over five years pay an average annual premium of $8,770 for their homeowners insurance. One claim in the past five years raises premiums to an average of $9,083, while two claims within the same period push the average cost up to $9,906. A claims history increases insurance costs, with one claim adding $313 annually and two claims adding $1,136 above the claim-free rate.
| Claim free for 5+ years | $8,770 |
| 1 claim in past 5 years | $9,083 |
| 2 claims in past 5 years | $9,906 |
In Florida, hurricanes, tropical storms, tornadoes, severe convective storms and wildfires pose the highest risks to homes. Homeowners insurance covers wind damage from hurricanes but often excludes flood damage, which can result from the same storm. For wildfires, homeowners insurance covers damage to your property. Look into other insurance policies for additional protection from natural disasters.
For the cities we analyzed, premiums range from $2,525 to $16,798. In Miami, homeowners pay around $16,393; in Gainesville, the cost is closer to $2,558. Location impacts premiums due to varying risks like weather and crime. City-based pricing differences are often more pronounced than other factors.
| Boca Raton | $14,539 |
| Brandon | $4,787 |
| Cape Coral | $7,667 |
| Clearwater | $7,466 |
| Coral Springs | $12,409 |
| Davie | $11,313 |
| Fort Lauderdale | $16,798 |
| Fort Myers | $7,346 |
| Gainesville | $2,558 |
| Hialeah | $15,592 |
| Hollywood | $13,504 |
| Jacksonville | $2,995 |
| Lakeland | $4,204 |
| Lehigh Acres | $7,360 |
| Miami | $16,393 |
| Miami Gardens | $15,651 |
| Miramar | $13,330 |
| Ocala | $3,104 |
| Orlando | $4,048 |
| Palm Bay | $5,746 |
| Pembroke Pines | $12,345 |
| Pensacola | $7,335 |
| Pompano Beach | $14,644 |
| Port St. Lucie | $11,228 |
| Spring Hill | $3,664 |
| St. Petersburg | $7,424 |
| Tallahassee | $2,525 |
| Tampa | $4,913 |
| West Palm Beach | $14,831 |
Find affordable homeowners insurance in Florida by making smart choices and understanding the market. Here's how to find the best deal:
Ask about bundles and discounts to save money.
Decide on a deductible that fits your budget.
Make sure you understand the details of your policy.
Buy the policy that best suits your needs.
Homeowners in Florida save on insurance costs by bundling home and auto policies. Bundling saves you an average of 15% on the combined cost of your policies. Florida residents have seen up to $653 in discounts when bundling policies. Actual savings depend on individual circumstances, but bundling is worth considering for more economical insurance. Explore the best Florida home and auto bundles to maximize multi-policy discounts.
Florida homeowners can tap into several insurance discounts to lower their premiums.
To maximize savings, ask about discounts when requesting a quote.
Homeowners insurance is expensive in Florida due to increasing natural disasters, rising construction costs, legal system abuse and high reinsurance expenses. Frequent hurricanes and severe storms increase the risk of major property damage, driving up insurance costs. Higher prices for construction materials and labor, along with legal challenges and fraud, increase insurers' operating expenses. The cost of reinsurance for Florida insurers has more than doubled, and insurers pass these costs on to homeowners in higher premiums.
Hurricanes, a common natural disaster in Florida, are covered by homeowners insurance. Consider purchasing policies for other natural disasters for financial protection. Hurricanes (as designated by the National Hurricane Center) trigger a separate deductible in your policy from your standard home deductible in Florida. All Florida home insurers must offer hurricane deductible options of $500, 2%, 5% or 10% of the policy dwelling or structure limits.
All areas of Florida are prone to flooding year-round, not just during hurricane season. Coastal homes are at the highest risk for flood and may be required to purchase flood insurance. Flood insurance is not typically included in a standard home policy, but it can be purchased through the National Flood Insurance Program, a private flood insurer or through a standard home insurer if they offer it as an endorsement.
There is an ongoing property insurance crisis in Florida due to legal system abuse and claim fraud. Seven residential insurers went insolvent between February 2022 and 2023. Legislative actions have since improved the market, and seven new insurers are entering the market in 2024. The state has successfully depopulated Citizens Property Insurance Corp., the state-backed insurer of last resort, with tens of thousands of policies taken over by private insurers.
No, homeowners insurance is not required in Florida. However, if you’re working with a mortgage lender, your lender may require insurance to protect their financial investment.
Understand homeowners insurance in Florida with the right resources. Whether you're a new homeowner or updating your policy, the following list offers essential information:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
