Florida's average home insurance premium is $865 monthly or $10,384 annually. That's $576 more per month than the national average: 199% higher than typical costs nationwide. Florida ranks as the most expensive state for home insurance coverage.
Average Home Insurance Cost in Florida
Updated: January 23, 2026
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Key Takeaways: Florida Home Insurance Rates
Florida ranks as the most expensive state for homeowners coverage, with home insurance averaging $865 monthly or $10,384 annually.
Determine your coverage needs and gather multiple quotes from different providers to find the best home insurance in Florida at competitive rates.
MoneyGeek's free home insurance calculator helps you estimate costs in seconds without providing any personal information.
How Much Is Home Insurance in Florida?
| Florida | $10,384 | $3,467 | 199% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
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$220
High
$144
Average
$104
Low
Rates updated:
Jan 28, 2026
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What Affects Average Florida Home Insurance Costs?
Florida home insurance rates are shaped by a mix of home details and personal factors. Insurers look at your location, the way your home is constructed and the type and amount of coverage you choose. How each element is weighed differs by insurer, which explains why prices vary from one homeowner to another.
Average Florida Home Insurance Cost by City
Home insurance costs in Florida shift by location. Homes near the coast, including areas like Boca Raton, carry higher hurricane risk, with annual premiums around $14,520. Inland cities such as Brooksville see lower exposure to major storms, keeping average costs near $6,026. Local property values and home age add another layer to these price differences.
| Boca Raton | $1,210 | $14,520 |
| Brooksville | $502 | $6,026 |
| Cape Coral | $762 | $9,147 |
| Clearwater | $665 | $7,982 |
| Clearwater Beach | $784 | $9,413 |
| Coral Springs | $1,217 | $14,604 |
| Fort Lauderdale | $1,307 | $15,680 |
| Fort Myers | $733 | $8,798 |
| Gainesville | $355 | $4,259 |
| Hialeah | $1,306 | $15,670 |
| Hollywood | $1,294 | $15,529 |
| Jacksonville | $430 | $5,154 |
| Lakeland | $500 | $5,997 |
| Lehigh Acres | $737 | $8,845 |
| Miami | $1,344 | $16,123 |
| Miami Gardens | $1,279 | $15,343 |
| Naples | $909 | $10,909 |
| Ocala | $415 | $4,974 |
| Ocoee | $541 | $6,496 |
| Okeechobee | $703 | $8,440 |
| Orlando | $508 | $6,093 |
| Oxford | $417 | $5,006 |
| Palm Bay | $660 | $7,919 |
| Pembroke Pines | $1,025 | $12,294 |
| Pensacola | $645 | $7,745 |
| Pompano Beach | $1,333 | $15,992 |
| Port Saint Lucie | $1,016 | $12,190 |
| Saint Petersburg | $703 | $8,434 |
| Spring Hill | $507 | $6,080 |
| Tallahassee | $355 | $4,254 |
| Tampa | $530 | $6,363 |
| Valrico | $523 | $6,274 |
| West Palm Beach | $1,209 | $14,505 |
Average Florida Homeowners Insurance Pricing by Coverage Level
Coverage choices create wide swings in Florida home insurance costs. Homeowners who opt for lower coverage levels pay about $361 per month. Policies with the highest limits average $2,807. These differences come from decisions you control: how much coverage you carry for your home, belongings and liability, plus the deductible you choose.
| $100K Dwelling / $50K Personal Property / $100K Liability | $361 | $4,337 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $865 | $10,384 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $1,470 | $17,639 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $2,156 | $25,873 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $2,807 | $33,685 |
Average Cost of Florida Home Insurance by Company
The insurer you select impacts Florida home insurance costs. Universal Property averages $20,904 per year. State Farm comes in at $3,727 annually. That gap shows how prices differ by more than five times between companies offering the same coverage type.
| State Farm | $311 | $3,727 |
| Nationwide | $526 | $6,309 |
| Florida Peninsula Insurance | $569 | $6,826 |
| Chubb | $902 | $10,821 |
| Allstate | $949 | $11,393 |
| Heritage Insurance | $956 | $11,476 |
| Progressive | $968 | $11,616 |
| Universal Property | $1,742 | $20,904 |
Florida Homeowners Insurance Costs by House Age
A home's construction year affects insurance costs in Florida. Properties built in 2020 average $7,914 per year, compared with $18,365 for homes built in 1980. Updated building standards and newer materials keep insurance costs much lower for newer homes.
| Newer | $659 | $7,914 |
| Middle Age | $865 | $10,384 |
| Older | $1,530 | $18,365 |
Average Florida Home Insurance Cost by Credit Score
Florida home insurance rates shift based on credit history. Insurers use credit information to gauge risk, which influences policy pricing. Annual premiums fall between $7,330 and $18,175 depending on your credit profile.
| Excellent | $611 | $7,330 |
| Good | $865 | $10,384 |
| Below Fair | $1,079 | $12,951 |
| Poor | $1,515 | $18,175 |
Why Is Home Insurance So Expensive in Florida?
Insurance prices in Florida run higher because hurricanes and severe storms lead to frequent damage claims plus rising repair costs tied to materials and labor.
High Weather Risks
Florida's peninsula geography creates severe hurricane and tropical storm exposure. The state experiences a six-month Atlantic hurricane season, running between June and November and peaking in mid-August to late October, according to Florida State University. Major hurricanes like Ian in 2022 and Michael in 2018 each caused billions in property damage. Coastal counties from Miami-Dade to the Panhandle have Category 3 or higher hurricane exposure, forcing insurers to price in catastrophic loss potential.
Rising Claims
Homeowners file insurance claims often? Insurers raise premiums to cover the higher risk of payouts. Florida homeowners with a clean five-year claims history pay $10,384 annually on average. File one claim and your premium jumps to $12,037 on average: a $1,653 increase. Two claims push costs to $13,427, adding $3,043 to your baseline rate.
Insurance Market Instability
Florida's property insurance market has experienced numerous carrier exits and insolvencies. According to Reuters, six property insurers became insolvent in 2022. This market instability reduces competition and concentrates risk, eliminating competitive pricing pressure that keeps premiums lower in stable markets.
REVIEW YOUR HURRICANE DEDUCTIBLE CAREFULLY
Many Florida insurers use a separate hurricane deductible instead of the standard deductible on your policy. This amount often ranges from 2% to 10% of your dwelling coverage. For example, a home insured for $250,000 with a 5% hurricane deductible requires $12,500 out of pocket before coverage applies during a named storm.
Review the hurricane deductible section of your policy to understand what you would pay after a storm. Some insurers allow lower hurricane deductibles in exchange for higher premiums. This makes sense if covering a large upfront cost would strain your finances.
Tips to Save on Florida Home Insurance
Florida home insurance costs continue to rise, putting more pressure on finding coverage that fits your budget. The strategies below focus on securing the cheapest home insurance in Florida without cutting corners on protection.
- 1Calculate Coverage Needs
Calculate your home's replacement cost using current local construction prices instead of market value. Create a detailed inventory of your belongings to set accurate personal property limits. Many Florida homeowners add water backup coverage and schedule high-value items separately. In hurricane-exposed areas such as Miami-Dade County, broader protection for valuables provides better coverage.
- 2Research Costs and Discounts
MoneyGeek’s Florida home insurance calculator helps set realistic pricing expectations for homes in areas such as Tampa or Jacksonville. When requesting quotes, ask insurers which discounts apply to your property.
Storm shutters, monitored security systems and a clean claims history often reduce costs. Newer homes and safety features like smoke detectors may qualify for additional price breaks.
- 3Compare Multiple Providers
Gather quotes from multiple insurance companies and look beyond the annual premium. Check complaint records, claims handling history and financial strength ratings. A low-priced policy in Orlando or Fort Lauderdale costs more over time if claims are delayed or damage disputes arise during hurricane season.
- 4Bundle Insurance Policies
Place home and auto insurance with the same company to lower premiums on both policies. In Florida, multi-policy discounts commonly range from 10% to 25%. Homeowners in higher-cost counties such as Broward see greater dollar savings because discounts apply to larger base premiums.
- 5Lower Your Risk Profile
Adding features like impact-resistant roofing, storm shutters, or alarm systems can lower premiums. Limiting small claims also helps keep rates lower, with clean claims histories saving thousands annually compared to multiple filings.
Improve credit from below fair to good to reduce Florida home insurance costs by roughly 20%: savings of more than $2,500 per year.
Calculate Florida Homeowners Insurance Costs: FAQ
Florida homeowners insurance costs depend on many factors unique to your property and location. The FAQs below explain what affects your rates and help you understand potential expenses for your home coverage.
How much will my premium increase after filing a claim in Florida?
Filing a claim in Florida increases your homeowners insurance premium by $1,653 for one claim and $3,043 for two claims compared to claim-free customers. Florida homeowners without claims pay $10,384 annually on average. One claim raises your rate to $12,037 per year. Two claims bump your annual premium to $13,427. Claims remain on your record for five years. You'll pay these elevated rates throughout that entire period.
How much can I save by choosing a different insurer in Florida?
You save thousands of dollars annually by comparing quotes from different home insurers in Florida. The rate differences between insurers are huge: State Farm offers the cheapest coverage at $311 monthly, while Universal Property charges $1,742 per month for similar protection.
Even mid-range insurers show large cost variations. Chubb costs $902 monthly compared to Allstate's $949, creating a $47 monthly difference. Get quotes from at least three insurers to find the best rate for your situation.
Does home insurance in Florida cover tornado damage?
Yes, standard home insurance policies in Florida cover tornado damage. Your policy protects your home, other structures on your property and your personal belongings from tornado damage.
Home insurance covers wind damage from tornadoes, including damaged roofs, broken windows, and destroyed structures. You will need to pay your deductible before your coverage starts.
Tornado damage falls under the wind coverage in your standard homeowners policy. This means you don't need separate tornado insurance in Florida. Your existing policy already includes this protection as part of your wind damage coverage.
Why does home insurance cost more for older homes in Florida?
Older homes in Florida cost much more to insure than newer properties. Insurance premiums for older homes run 132% higher than newer homes. A newer home built around 2020 averages $7,914 annually. An older home from around 1980 costs $18,365 per year. That creates a $10,451 annual difference. Middle-aged homes built around 2000 fall between these extremes at $10,384 yearly.
Florida's older homes have higher premiums because aging components like electrical wiring, plumbing and roofing systems deteriorate over time and become more prone to failure. These outdated systems create greater claim risks for insurers. Insurers pass those costs to homeowners through higher premiums.
Does Florida home insurance cover flood damage?
Standard Florida homeowners insurance excludes flood damage coverage. You must purchase separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers to protect against rising water damage from hurricanes, storm surge or heavy rainfall.
How We Analyzed Florida Home Insurance Rates
MoneyGeek calculated Florida home insurance estimates using real rate data from multiple insurers. This approach shows how specific factors impact what you actually pay for coverage.
We built our analysis around a standard homeowner profile: $250,000 dwelling coverage, $125,000 personal property coverage, $200,000 liability coverage, and a $1,000 deductible. The home in our model was built in 2000 with frame construction and a composition roof, with no insurance claims filed in five years.
This profile matches typical Florida homeowners and reflects median home values across many state markets. Homes built around 2000 represent the most common age category, making this baseline realistic for comparison purposes.
Our methodology changed one factor at a time while keeping everything else the same. For example, when testing how home age affects rates, we compared houses built in 1980, 2000, and 2020 but used identical coverage amounts and homeowner details. This process isolates how much each individual factor changes your premium.
Your actual rates will be different depending on your home's construction, roof condition, location, coverage choices, claims history, credit score, and which company you choose. The rate differences shown here demonstrate how much these factors matter when you shop for Florida home insurance.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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.
sources
- Florida State University. "Florida Climate Center: Hurricanes." Accessed January 28, 2026.
- Reuters. "Florida Homeowners Battle for Insurance after Ian's Devastation." Accessed January 28, 2026.