Average Home Insurance Cost in Florida

Home insurance in Florida costs about $630 monthly or $7,554 annually on average. Residents pay $410 more per month, or $4,920 more annually, than the national average, making it the sixth most expensive in the country.

*These rates represent a home built in 2000 out of frame with $250,000 dwelling, $125,000 personal property and $200,000 liability coverage with a $1,000 deductible.

Depending on your city, various risk factors, including your property’s age, weather-related factors and home valuations, change drastically, affecting home insurance costs. For example, the average monthly home insurance cost in Boca Raton is around $1,275; in Gainesville, it’s much lower at $198.

*These rates represent a home built in 2000 out of frame with $250,000 dwelling, $125,000 personal property and $200,000 liability coverage with a $1,000 deductible.

Home insurance is expensive in Florida because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail.

Like for most home insurance companies, regardless of state, pricing is mostly affected by these factors:

• Location
• Coverage chosen
• Home build details
• Provider chosen
• Credit
• Claims history

We've highlighted below how much each factor affects rates specific to Florida.

Location is the biggest factor affecting home insurance rates in the Sunshine State, with rates varying by up to 117%. Weather risks, home value and population density in your area play a major role in determining costs.

Coverage choices are the second most influential factor in Florida home insurance rates, averaging from $3,031 to $27,395 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs.

Home details like age, construction materials and roof type are the third most influential factor in Florida homeowners insurance rates, averaging from $245 to $634 per month. These factors affect replacement costs and the risk of damage or theft, leading to rate differences.

Your choice of insurer is the fourth most influential factor in Florida home insurance rates, with prices ranging from 31% below to 90% above the state average.

A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 13%, with annual average rates ranging from $7,161 to $9,101.

In Florida, claims history has a smaller impact on cost than other factors, affecting rates by up to 6% or $515 annually. Filing more claims increases perceived risk, leading to higher premiums.

Especially with high costs in Florida, you need to find ways to save on premiums to buy a home or cut expenses for your current home. Below are some tips to help you find the best and cheapest home insurance in Florida.

Home insurance costs depend on several factors, with location and coverage level being the most important. To secure the best rates, research your needs and average prices, then use our estimate tool to find the best deal.

The cost of homeowners insurance in Florida depends on several factors. To help you estimate your expenses, MoneyGeek answers common questions about home insurance in the state.

When determining the average cost of home insurance in Florida, we used a base profile for a simple estimate consistent with the following:

• $250,000 dwelling coverage
• $125,000 personal property coverage
• $200,000 liability coverage
• Home built year: 2000
• Construction type: Frame
• Roof type: Composition
• $1,000 deductible
• No claims in the past 5+ years
• Fire protection level of 3

However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.