State Farm is the cheapest home insurance option for most homeowners in the Sunshine State, with an average monthly savings of $67. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Florida
Updated: May 27, 2025
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Key Takeaways
State Farm offers the cheapest homeowners insurance in Florida if you own a new home or have bad credit.
Customers can find savings of up to 61% from the cheapest overall providers in Florida: State Farm and Florida Peninsula Insurance.
If you live in a high-fire-risk area, State Farm is the cheapest provider for home insurance in Florida.
What is the Cheapest Home Insurance in Florida?
| State Farm | $432 | $5,185 | 31% |
| Nationwide | $472 | $5,667 | 25% |
| Florida Peninsula Insurance | $484 | $5,803 | 23% |
| ASI | $546 | $6,558 | 13% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
Price is important to consider for home insurance, however it's also useful to know about a company's customer service reputation and coverage options. To help, we've created a separate guide to the best home insurance companies in Florida, giving you more information to make the best decision for your situation.
Cheapest Florida Home Insurance Rates by Category
Although the options above are the cheapest for most homeowners, depending on your specific situation, you may find a better option. For example, while State Farm is typically the cheapest overall, it offers the best rates for newer homes. Below, you can see the cheapest rates for different home categories.
| State Farm | Older Homes | $432 |
| State Farm | Newer Homes | $168 |
| State Farm | Homes in High Risk Fire Areas | $432 |
| Florida Peninsula Insurance | Bad Credit | $484 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Florida Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| State Farm | $432 | $5,185 |
| Nationwide | $479 | $5,752 |
| Florida Peninsula Insurance | $580 | $6,962 |
| ASI | $589 | $7,073 |
| Chubb | $633 | $7,600 |
Cheapest Florida Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For instance, State Farm is the cheapest in most Florida cities. However, Florida Peninsula Insurance offers lower rates in Jacksonville and Tampa.
| Boca Raton | State Farm | $893 |
| Brandon | State Farm | $127 |
| Cape Coral | State Farm | $185 |
| Clearwater | State Farm | $195 |
| Coral Springs | State Farm | $116 |
| Davie | State Farm | $134 |
| Fort Lauderdale | State Farm | $175 |
| Fort Myers | State Farm | $397 |
| Gainesville | State Farm | $86 |
| Hialeah | State Farm | $310 |
| Hollywood | State Farm | $147 |
| Jacksonville | Florida Peninsula Insurance | $175 |
| Lakeland | State Farm | $126 |
| Lehigh Acres | State Farm | $189 |
| Miami | Chubb | $1,218 |
| Miami Gardens | State Farm | $312 |
| Miramar | State Farm | $62 |
| Ocala | Florida Peninsula Insurance | $196 |
| Orlando | State Farm | $113 |
| Palm Bay | State Farm | $143 |
| Pembroke Pines | State Farm | $102 |
| Pensacola | State Farm | $432 |
| Pompano Beach | State Farm | $177 |
| Port St. Lucie | State Farm | $201 |
| Spring Hill | State Farm | $117 |
| St. Petersburg | State Farm | $206 |
| Tallahassee | State Farm | $78 |
| Tampa | Florida Peninsula Insurance | $292 |
| West Palm Beach | State Farm | $353 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest Florida Home Insurance for You
Finding affordable home insurance in Florida can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
Having your coverage limits in mind before buying can keep you from being oversold on coverage. Make sure you determine your home insurance coverage needs beforehand and understand the types of home insurance coverage to get what you need.
- 2
Research home insurance cost information
Research home insurance costs in Florida for your profile and available discounts to understand what qualifies as affordable. When ready to buy, ask agents directly about all discounts you may qualify for, as insurers won't apply them automatically.
- 4
Compare multiple companies apples to apples
Once you know your coverage levels and type, compare quotes from different companies for that coverage to get the best deal. We recommend gathering as many quotes as possible using different methods to get your best rate.
- 5
Use state-provided programs
If you have a high-risk profile and face coverage denials or unaffordable rates, Florida offers a state program through Citizens Property Insurance Corporation. This program provides coverage for those denied by traditional insurers, often at a lower cost than insurers willing to approve you.
Cheap Home Insurance Florida: Bottom Line
State Farm, Nationwide, and Florida Peninsula Insurance offer Florida's most affordable home insurance, regardless of your profile or home. If you're denied coverage, the TFPA provides low-cost alternatives. Always compare multiple companies, research costs, and understand your coverage needs before making a decision.
Cheapest Home Insurance Florida: FAQ
Below are answers to common questions about the cheapest home insurance in Florida:
What is the cheapest home insurance company in Florida?
State Farm offers the lowest rates for newer homes in Florida at $168 per month or $2,010 per year. However, homeowners with older properties or higher fire protection needs may find better rates with State Farm.
How expensive is home insurance in Florida?
Florida has the 1st-highest home insurance rates in the U.S.
How much is home insurance in Florida?
The amount of home insurance you need should match the cost to rebuild your home and replace personal possessions, while also considering local risks and unique valuables.
While not mandated by law, without a mortgage, lenders require sufficient dwelling coverage to rebuild your home completely. Additionally, choose a policy that covers your personal property value, accounts for local hazards, and insures irreplaceable items.
How much home insurance do I need?
The amount of home insurance you need should match the cost to rebuild your home and replace personal possessions, while also considering local risks and unique valuables.
While not mandated by law, without a mortgage, lenders require sufficient dwelling coverage to rebuild your home completely. Additionally, choose a policy that covers your personal property value, accounts for local hazards, and insures irreplaceable items.
How We Found the Cheapest Home Insurance Companies in Florida
To determine the cheapest home insurance companies in Florida, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.