Best Renters Insurance in Florida (2026)

State Farm, Lemonade and Nationwide are the top-rated renters insurance companies in Florida based on their affordability, coverage and customer experience scores.

Find out if you're overpaying for renters insurance below.

Written by Mark Fitzpatrick

Updated: March 6, 2026

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Key Takeaways: Florida Renters Insurance

State Farm is Florida's best overall renters insurance company, earning a 4.8 out of 5 MoneyGeek score.

At $107 annually, Citizens Property offers the most affordable renters insurance premiums in the state.

Get quotes from several insurers to find the most competitive rates for your individual needs.

5 Best Renters Insurance Companies in Florida

State Farm tops Florida's renters insurance market, scoring 4.8 out of 5 and ranking No. 1 in multiple categories. Lemonade follows closely with an overall score of 4.7, excelling in multiple categories. Nationwide, Allstate and Tower Hill complete the top five.


State Farm	4.81	5	2	6
Lemonade	4.68	9	6	3
Nationwide	4.66	4	5	10
Allstate	4.65	2	4	11
Tower Hill Insurance	4.63	3	7	2

*Our ratings consider different combinations of coverage levels and renter details to identify the best overall options. Rankings may differ based on your profile.

State Farm

Top Choice for Florida Renters

MoneyGeek Rating

4.8/ 5

4.9/5Affordability

4.9/5Customer Experience

4.2/5Coverage

Average Annual Premium
$163
Average Monthly Premium
$14
J.D. Power Renters Insurance Customer Satisfaction Score
685/1,000

pros
- Ranks #1 overall for renters insurance in Florida
- Monthly rates $10.51 below Florida's state average
- Strong financial stability with top-tier ratings
cons
- Coverage options rank lower than several competitors
- Standard policy limits may not suit all renters' needs
- Fewer premium coverage features than some insurers
Scoring 4.8 out of 5, State Farm earns our top recommendation for renters in Florida. The company ranks first in multiple categories while charging rates under the state average. You'll get personalized support through State Farm's robust local agent network throughout Florida.

Compare the Cheapest Renters Insurance Companies in Florida

At $107 annually, Citizens Property has Florida's cheapest renters insurance for $20,000 in personal property coverage, saving renters $182 compared to the state average of $289. Allstate comes in second at $130 per year, while Tower Hill costs $155 and is available statewide. All eight cheapest insurers charge below the state average, with rates from $107 to $280 per year.

Cheapest Renters Insurance in Florida Chart

Average Cost of Renters Insurance in Florida

Florida renters pay $289 annually for insurance coverage, $93 higher than the national average cost of renters insurance of $196. These figures are based on a policy with $20,000 in personal property protection, $100,000 in liability limits and a $500 deductible.

Your actual premium varies by coverage limits, deductible choice and where you're located in the state.


FL	$289	$93

Tallahassee offers the most affordable renters insurance at $212 annually, $20 below the state average. Miami charges the highest rates at $401 per year, with costs varying by up to $189 across Florida's cities.


Brooksville	$224	$-66
Cape Coral	$246	$-43
Clearwater	$244	$-46
Clearwater Beach	$272	$-18
Coral Springs	$343	$54
Fort Lauderdale	$354	$65
Gainesville	$214	$-75
Hialeah	$362	$72
Hollywood	$357	$68
Jacksonville	$231	$-59
Lakeland	$226	$-64
Lehigh Acres	$246	$-43
Miami	$401	$112
Miami Gardens	$367	$78
Ocoee	$222	$-67
Okeechobee	$238	$-51
Orlando	$223	$-66
Oxford	$219	$-70
Palm Bay	$229	$-60
Pembroke Pines	$337	$48
Pompano Beach	$358	$69
Port Saint Lucie	$299	$10
Saint Petersburg	$261	$-29
Spring Hill	$224	$-66
Tallahassee	$212	$-77
Tampa	$240	$-49
Valrico	$230	$-60
West Palm Beach	$358	$69

A basic Florida policy with $20,000 in personal property and $100,000 in liability costs $289 per year. Comprehensive coverage with $250,000 in personal property and $300,000 in liability runs $1,173 annually, while mid-level $50,000 personal property coverage charges $540.


$20K Personal Property / $100K Liability	$24	$289
$50K Personal Property / $100K Liability	$45	$540
$100K Personal Property / $100K Liability	$79	$951
$250K Personal Property / $300K Liability	$98	$1,173

Your credit score affects renters insurance rates in Florida. Poor credit raises costs to $350 per year, more than 1.3 times what renters with excellent credit pay at $271, while good credit costs $289 annually.
Excellent $23 $271
Good $24 $289
Fair $25 $303
Below Fair $27 $321
Poor $29 $350


Excellent	$23	$271
Good	$24	$289
Fair	$25	$303
Below Fair	$27	$321
Poor	$29	$350

Do You Need Renters Insurance in Florida?

Many landlords require renters insurance as part of your lease agreement, even though Florida law doesn't mandate coverage. Property managers often mandate it to protect themselves from liability claims, sometimes requiring $100,000 or more in coverage. While the state doesn't require it, your landlord can require coverage as a lease condition. Check your lease before moving in to see if you need a policy.

HOW TO DETERMINE YOUR RENTERS INSURANCE COVERAGE NEEDS

Typical personal property coverage ranges from $20,000 to $50,000 for most renters' belongings. Go through your unit and add up replacement values for electronics, furniture, clothing and other items to calculate your personal property coverage. You'll also want to get liability limits of $100,000 or more to protect yourself if someone gets injured in your apartment.

How to Find the Best Cheap Renters Insurance in Florida

Choosing quality home insurance in Florida means comparing multiple providers while weighing your budget, coverage requirements and service expectations.

1
Compare quotes from at least three companies
Premiums differ by $50 or more across companies for identical coverage in Florida. Get quotes from both national insurers, like GEICO and State Farm, and regional providers serving Miami-Dade and Orange counties. Online comparison tools make it easy to request multiple quotes quickly. Don't settle for the first quote you receive, as shopping around reveals price differences.
2
Check customer satisfaction ratings and reviews
Low prices aren't worth much if your insurer has poor claims handling when you need coverage most. Research J.D. Power ratings and review customer complaints filed with the Florida Department of Financial Services before purchasing. Look for patterns in complaints about claim denials or slow response times. Tampa and Jacksonville residents should pay special attention to how insurers handle hurricane-related claims.
3
Bundle renters and auto insurance
Insurers give 10% to 25% off when you bundle policies with the same company. State Farm and Allstate offer some of Florida's largest bundling discounts for residents across Broward and Hillsborough counties. Contact your current auto insurer first to see what they offer for adding renters coverage. The combined savings often make bundling your most affordable option.
4
Ask about available discounts
You can get discounts for alarm systems, smoke detectors and staying claims-free with most Florida insurers. Additional savings may apply for being a nonsmoker, paying annually instead of monthly or having deadbolt locks installed. Ask your agent which discounts you qualify for rather than assuming they'll mention them. These discounts reduce your premium by 20% or more when combined.

Best Cheap Renters Insurance in Florida: Bottom Line

State Farm, Lemonade, Nationwide, Allstate and Tower Hill are Florida's best renters insurance companies. Get quotes from several companies for the best rates that match your needs. Try the calculator below for personalized quotes depending on your coverage, deductible and credit.

Personalized Florida Renters Insurance Rates

Get free renters insurance rate estimates for Florida based on your coverage needs. Rates reflect a profile of renters aged 21 to 64 with no prior claims.

Coverage Level

Select Coverage Level

Deductible

Select Deductible

Credit Score

Select Credit Score

Average Annual Premium—

Renters Insurance in Florida: FAQ

Common questions about Florida renters insurance:

Does renters insurance cover roommates in Florida?

Renters insurance covers only the policyholder and their relatives living in the unit. Your roommate needs their own policy to protect their belongings and get liability coverage. Each roommate should buy separate renters insurance with at least $20,000 in personal property coverage.

How much renters insurance do I need in Florida?

Most Florida renters need $20,000 to $50,000 in personal property coverage and $100,000 in liability protection. Add up replacement costs for your furniture, electronics, clothing and other belongings to calculate your needs. Your landlord may require specific coverage amounts, so check your lease before buying a policy.

How do I file a renters insurance claim in Florida?

Contact your insurer immediately after damage occurs or items get stolen. Document the damage with photos and videos before cleaning up. Provide a list of damaged or stolen items with purchase dates and estimated values. Your insurer will assign a claims adjuster to review your case. Most claims get processed within two to four weeks.

Does renters insurance cover hotel stays if my apartment becomes unlivable?

Renters insurance covers temporary housing costs through loss of use coverage if covered damage like fire makes your apartment unlivable. This pays for hotel rooms and restaurant meals while repairs happen. Most policies limit loss of use to 20% to 30% of your personal property coverage amount. Floods and earthquakes aren't covered.

How We Found the Best Cheap Renters Insurance Companies in Florida

We analyzed Florida renters insurance companies to identify insurers with low rates and reliable service.

We collected quotes for renters aged 26 to 64 with good credit and no claims history. The profile included $20,000 in personal property coverage, $100,000 in liability protection and a $500 deductible.

Affordability determined 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors made our list of Florida's best renters insurance providers.

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.

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