The Best Cheap Homeowners Insurance in Fort Myers, Florida for 2024: Quotes and Reviews

When it comes to choosing a policy, pricing might be a major consideration for homeowners in Fort Myers, as most insurers offer the same basic coverages at different rates. For both pricing and quality, buying less expensive insurance with the same coverages may give you more bang for your buck. MoneyGeek identified cheap homeowners insurance that may fit your budget.

The cheapest insurance companies in Fort Myers for home insurance with $250,000 in dwelling coverage are the following:

• Travelers: $836 per year
• Chubb: $959 per year

For those with expensive homes, the cheapest companies in Fort Myers for home insurance with $2 million in dwelling coverage are the following:

• Allstate: $5,939 per year
• Chubb: $7,382 per year

The table below shows you how prices can change depending on the dwelling coverage limits of your policy.

Personal property limits of $100,000 are included in all of the policies with the initial baseline dwelling coverage. Personal property limits of $800,000 are included in all plans with a dwelling coverage of $2 million. The liability coverage on all insurance is $100,000. You can find additional information about home insurance in Florida if you’re living in another city.

In Fort Myers, the average cost of home insurance is $1,878 annually. This is cheaper than the average yearly rate in Florida and in the United States of $2,359 and $2,103, respectively.

The cost of homeowners insurance in Fort Myers varies based on where you reside. Other factors that impact the cost of home insurance include the amount of dwelling coverage, personal property coverage, and homeowner’s credit score. Because of this, it’s important to consider these factors when looking for a quote.

MoneyGeek's home insurance calculator allows you to easily compare homeowners insurance quotes in your state.

While cost may be the most important consideration when looking for home insurance, customer service and financial stability should also be taken into account. The quality of a company's customer service influences the type of experience you will have while filing a claim and your current financial stability determines which policies are available to you.

Based on MoneyGeek’s ranking according to affordability, user satisfaction and financial stability, these are the best homeowners insurance providers in Fort Myers:

• Best Overall: Travelers
• Runner-up: Chubb

Newly constructed homes are built with modern materials that are easier to replace and more resistant to damage. As a result, newly constructed homes are less expensive to insure since homeowners are less likely to incur loss or damage.

Insuring a newly built home costs an average of $1,293 per year while insuring a home built in 2000 costs $1,878 per year.

The cheapest insurance in Fort Myers for newly constructed homes with $250,000 in dwelling coverage are the following:

• ASI: $600 per year
• Travelers: $718 per year

Personal property is also covered by home insurance. However, the greater the value of your personal property, the higher your homeowners insurance premiums will cost. Personal property limits of $250,000 with a standard insurance cost an average of $2,135 per year in Fort Myers, compared to an average of $1,878 per year for $100,000 in personal property coverage limits.

The cheapest insurance companies in Fort Myers for those with personal property coverage limits are the following:

• Travelers: $933 per year
• Chubb: $1,229 per year

A greater deductible lowers the annual cost of your home insurance, but it also raises the amount you pay on your own when you file a claim. A policy with a $2,000 deductible costs $1,628 per year on average, whereas a policy with a $1,000 deductible costs $1,878 per year.

The cheapest insurance companies in Fort Myers for those with $2,000 deductible policies are the following:

• Travelers: $741 per year
• Chubb: $803 per year

Homeowners are rated by insurance providers depending on their credit score. As a result, a poor credit score can result in higher premiums. In Fort Myers, homeowners with poor credit pay $2,400 on average for home insurance, compared to $1,878 for those with good credit.

The cheapest insurance companies in Fort Myers for those with poor credit are the following:

• Travelers: $836 per year
• Nationwide: $1,271 per year

Obtaining an online quote for homeowners insurance in Fort Myers is a quick and simple process. The information you'll need to get started is listed below:

• The replacement cost of your home: You'll need to know the cost of rebuilding your home to figure out your dwelling coverage limitations. You can get an estimate from a construction professional or a building contractor.
• The value of your personal property: The value of your personal items will determine your personal property coverage limitations and affect the price of your insurance.
• Personal information: Your address, information about the people who live in your home, insurance history, credit score and other personal information are usually requested by insurance companies.
• Information about your house: To give you a quote, insurers need the specifics of your property, such as the year it was built, the square footage and existing security equipment.

MoneyGeek compared ten different providers' home insurance premiums in Fort Myers. Data for comparison was obtained in partnership with Quadrant and used to calculate affordability scores.

We also gathered quotes for homeowners with newly constructed homes, enhanced dwelling or personal property coverage, larger deductibles and low credit scores. Data from J.D. Power surveys were used for customer satisfaction ratings.

We based our findings on a homeowner profile of a 2,500-square-foot home built in 2000. The base profile also included $250,000 in dwelling coverage, $100,000 in personal property coverage, $100,000 in liability coverage and $1,000 in deductibles.