Best Cheap Home Insurance in Florida (2026)
Security First typically has the cheapest homeowners insurance in Florida, at $798/yr, on average. | ||
Homeowners insurance in Florida costs an average of $2,691/yr, 12% higher than the national average. | ||
If you live in the Miami metro area, you often pay much more for insurance. People in Hialeah, the most expensive city in Florida for home insurance, pay more than $4,600/yr. |
Security First typically has the cheapest homeowners insurance in Florida, at $798/yr, on average. | ||
Home insurance in Florida costs an average of $2,691/yr. But you could pay more than $4,600/yr if you live in the Miami metro area. |
Find Cheap Home Insurance Quotes in Florida
Who has the best cheap homeowners insurance in Florida?
Who has the cheapest home insurance in Florida?
Security First has the most affordable homeowners insurance in Florida.
Find Cheap Home Insurance Quotes in Florida
- Security First is usually 70% to 78% cheaper than the Florida state average, depending on your home and the amount of coverage you need. Security First also has lots of coverage add-ons, making it the best choice for many Floridians.
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State Farm is the cheapest major insurance company for most Florida homeowners. Home insurance from State Farm typically costs 9% to 48% less than the state average, depending on your home and your coverage needs.
A large insurance company could be the best choice if you want to bundle multiple policies or manage your policy online.
Cheapest FL home insurance quotes
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| Security First | 3.5 out of 5 | $487 | |
| Tower Hill | 3.5 out of 5 | $962 | |
| People's Trust | 4.3 out of 5 | $1,081 |
| Citizens | 2.5 out of 5 | $1,423 | |
| State Farm | 4.0 out of 5 | $1,585 | |
Key takeaways
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Florida is the only state in the U.S. where average home insurance rates went down in 2025, by about 1%. Nationally, rates increased by nearly 6%. This is partially because Florida's insurance reforms seem to have successfully curbed the state's high number of home insurance lawsuits, which were causing rates to spike across the state.
Additionally, Florida had a very quiet 2025 hurricane season, so insurance companies weren't forced to raise rates to pay for hurricane damage.
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Tropical storms and hurricanes are one of the main causes of home damage in Florida. Together, hurricanes and tropical storms caused
more than $20 billion in property damage in Florida between 2020 and 2025.
This is one reason why Florida homeowners insurance rates are so high. Some of the hardest hit areas include larger coastal cities like Miami, Fort Lauderdale and Boca Raton.
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Regular homeowners insurance typically covers wind damage. However, you may have to pay a separate, higher deductible for hurricane damage.
Home insurance doesn't cover flooding caused by storm surge or heavy rain. You'll have to buy separate flood insurance to protect against weather-related flooding.
Best home insurance in FL for most people: Security First
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Annual cost$798Average rate for a $350,000 home
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Monthly cost$67Average rate for a $350,000 home
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HighCustomer complaints
Cheapest homeowners insurance for seniors in FL
Company | Annual rate | |
|---|---|---|
| Security First | $763 | |
| Tower Hill | $1,439 | |
|
| People's Trust | $1,594 |
| State Farm | $1,968 | |
| Citizens | $2,328 | |
Rates are for a policy with $350,000 of dwelling coverage.
Best for coastal homes in FL: Tower Hill
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Annual cost$1,530Average rate for a $350,000 home
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Monthly cost$128Average rate for a $350,000 home
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LowCustomer complaints
Best for bundling home and auto insurance in Florida: State Farm
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Annual cost$1,968Average rate for a $350,000 home
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Monthly cost$164Average rate for a $350,000 home
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LowCustomer complaints
Best home insurance in FL if you can't find cheap coverage: Citizens
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Annual cost$2,328Average rate for a $350,000 home
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Monthly cost$194Average rate for a $350,000 home
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LowCustomer complaints
Best home insurance in Florida
Chubb, People's Trust and State Farm have the best-rated home insurance in Florida.
These companies offer the best combination of affordable rates, useful coverage add-ons, helpful discounts and reliable customer service.
Chubb is the top-rated company overall. However, it typically only covers expensive homes, so it may not be available to everyone.
Top-rated home insurance companies in Florida
Company |
Rating
|
Complaints
|
|---|---|---|
| Chubb | 4.5 out of 5 | Low |
| People's Trust | 4.3 out of 5 | Average |
| State Farm | 4.0 out of 5 | Low |
| Allstate | 3.8 out of 5 | Low |
| Tower Hill | 3.5 out of 5 | Low |
How much is home insurance in Florida?
Home insurance in Florida costs $2,691 per year, or $224 per month, on average.
Average cost of home insurance in Florida
Dwelling coverage | Average rate |
|---|---|
| $200,000 | $1,748 |
| $350,000 | $2,691 |
| $500,000 | $3,723 |
| $1 million | $7,034 |
Florida used to be one of the most expensive states for home insurance in the country. Florida was the fifth-most expensive state for home insurance, and it has dropped to the 18th-most expensive.
However, Florida home insurance rates have stabilized over the past few years, while prices around the country have continued to increase.
Average cost of home insurance in Florida's largest cities
Jacksonville
How much is home insurance in Jacksonville, FL?
The average cost of homeowners insurance in Jacksonville is $2,273 per year for a policy with $350,000 of dwelling coverage. Security First has the cheapest home insurance in Jacksonville, at around $1,145 per year.
Company | Annual rate | |
|---|---|---|
| Security First | $1,145 | |
| Tower Hill | $1,343 | |
|
| People's Trust | $1,763 |
| Heritage | $1,805 | |
| Citizens | $1,858 | |
Rates are for a policy with $350,000 of dwelling coverage.
Miami
How much is home insurance in Miami?
Homeowners insurance in Miami costs an average of $3,886 per year. Security First has the most affordable home insurance in Miami, at around $1,303 per year.
Company | Annual rate | |
|---|---|---|
| Security First | $1,303 | |
| State Farm | $1,968 | |
|
| People's Trust | $2,100 |
| Tower Hill | $3,019 | |
| Allstate | $3,186 | |
Rates are for a policy with $350,000 of dwelling coverage.
Orlando
How much is homeowners insurance in Orlando?
Home insurance in Orlando costs $3,088 per year, on average. Security First has the cheapest rates in Orlando, at around $1,112 per year.
Company | Annual rate | |
|---|---|---|
| Security First | $1,112 | |
| Tower Hill | $1,739 | |
| State Farm | $1,968 | |
|
| People's Trust | $2,472 |
| Citizens | $2,693 | |
Rates are for a policy with $350,000 of dwelling coverage.
Tampa
How much is homeowners insurance in Tampa?
The average price of home insurance in Tampa is $2,554 per year. Security First typically has the cheapest rates in Tampa, at $742 per year, on average.
Company | Annual rate | |
|---|---|---|
| Security First | $742 | |
| Tower Hill | $1,814 | |
|
| People's Trust | $1,861 |
| State Farm | $1,968 | |
| Citizens | $2,044 | |
Rates are for a policy with $350,000 of dwelling coverage.
Florida home insurance cost by city
Callaway, a suburb of Panama City, has the cheapest home insurance rates in Florida.
Homeowners in Callaway pay an average of $1,823 per year, which is 32% cheaper than the state average.
Hialeah, a city in Miami-Dade County, has the most expensive quotes, at $4,639 per year. That's nearly twice the Florida average. This is likely in part because of the higher tropical storm and hurricane risk in Miami-Dade.
Security First has the cheapest home insurance quotes in 85% of cities and towns across Florida. Progressive is the cheapest company in 12% of cities, many of which are in the Florida Panhandle and Big Bend region.
Find Cheap Home Insurance Quotes in Florida
Florida homeowners insurance quotes by city
City | Average rate | Cheapest company | Cheapest rate |
|---|---|---|---|
| Alachua | $2,106 | Progressive | $803 |
| Alafaya | $3,117 | Security First | $1,073 |
| Alford | $2,312 | Security First | $977 |
| Allentown | $2,091 | Progressive | $275 |
| Altamonte Springs | $2,778 | Security First | $1,073 |
Rates are for a policy with $350,000 of dwelling coverage.
What home insurance coverage do you need in the state of Florida?
Florida homeowners should make sure their policy protects against wind and storm damage.
Does FL home insurance cover wind damage?
Wind damage is almost always covered by any homeowners insurance policy.
However, you may need to get a separate windstorm insurance policy if you live in a coastal area that regularly gets strong winds.
Additionally, your homeowners policy may have a separate deductible if you live in a coastal part of Florida. Even if you've already paid your regular deductible, you'll still have to meet your wind damage deductible before your policy will pay out.
Wind causes the most damage to Florida homes. This isn't only because of the state's frequent hurricanes and tropical storms.
In 2024, thunderstorm wind and high wind caused nearly $1.7 million in property damage across Florida. That's on top of the $5.1 billion in hurricane and tropical storm damage that year.
Does home insurance in Florida cover roof damage?
Home insurance covers many types of roof damage, including damage caused by wind and any leaks that follow.
However, you should check your policy to make sure your roof is fully covered, especially if you live in an older home.
A recent Florida state law stops insurance companies from denying coverage for homes with roofs less than 15 years old. But most companies limit the amount they'll pay to replace older roofs.
It's important to understand your roof coverage so you're not surprised by a big repair bill after a storm.
Does Florida homeowners insurance cover hurricanes?
Homeowners insurance typically covers many types of hurricane damage, including wind and lightning. However, Florida homeowners often have a separate hurricane deductible that's larger than your regular deductible.
But, home insurance doesn't cover flooding caused by a hurricane. If you want to protect your home from flood damage, you'll need to buy a separate flood insurance policy.
Will Florida home insurance pay for flood damage?
Water damage caused by rain and flooding isn't typically covered by homeowners insurance.
If you live in an area with a high risk of flooding, you should buy a flood insurance policy. It's the only way to protect your home from flood damage.
And your mortgage company usually requires you to have flood insurance if you live in a very high-risk area.
In Florida, you can get flood insurance for around $921 per year from the National Flood Insurance Program (NFIP).
In 2025, the National Flood Insurance Program (NFIP) paid over $15 million in flood insurance claims across Florida. And that's in a year with no major hurricanes or tropical storms.
The NFIP paid an average of $65,286 per claim to fix flood damage in 2025. So it's worth it to pay extra to protect your home against damage caused by floodwater.
How do I lower my homeowners insurance in Florida?
You can save money on your Florida homeowners policy by making certain improvements to your house.
One way to save money on your Florida home insurance is to sign up for the My Safe Florida Home program.
You can qualify for up to $10,000 in matching funds to help you update your home with hurricane-resistant features like exterior doors and reinforced roof-to-wall connections.
You can also get a discount when you sign up for an optional wind mitigation inspection. Keep in mind, you may have to pay for the inspection and you only get a discount if you pass.
Next, get quotes from multiple insurance companies to find your best rate. In Florida, the most expensive insurance company costs nearly six times as much as the cheapest option. So you can save a lot of money just by comparing quotes.
You can also reduce your rate by lowering your coverage limits or raising your deductible. Just make sure you have enough insurance to properly protect your home and you can still afford your deductible.
Lastly, check with your homeowners insurance company to see if it offers any other discounts you may qualify for. Some companies have discounts for retirees and people who work from home.
Florida home insurance rate trends
Home insurance rates have gone up nearly 36% in Florida over the last five years.
Florida homeowners saw major increases in their home insurance rates in 2022 and 2023, when rates went up by around 11% and 14%, respectively. In 2025, however, home insurance rates in Florida actually went down by nearly 1%. Florida is the only state in the country that saw a decrease in home insurance rates in 2025.
Changes in Florida home insurance rates, 2021-2025
Year | Rate change |
|---|---|
| 2021 | +7.44% |
| 2022 | +10.87% |
| 2023 | +14.30% |
| 2024 | +1.07% |
| 2025 | -0.92% |
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Universal Insurance had the largest decrease in its home insurance rates in 2025, with Florida customers saving about 7.5% on their insurance bills.
Tower Hill had the largest rate hike in 2025, at 3.0%.
Florida’s insurance crisis is easing, but challenges remain
The Florida home insurance market is finally starting to stabilize after years of major rate hikes.
Citizens Property, the insurer of last resort in FL, saw its market share fall to 8.0%, the lowest it's been in five years. That's less than half of the business Citizens wrote in 2023, when its market share was 18.6%.
This is largely because of Florida's lawsuit reforms, which resulted in significantly fewer home insurance lawsuits across the state. For instance, the number of pending lawsuits against Citizens fell from nearly 21,000 in 2022 to 12,622 as of June 2025. That means insurance companies are paying less money in legal fees, allowing them to lower rates and take on more customers.
Additionally, at least 17 new insurance companies, including Stand Insurance Exchange, Praxis Reciprocal Exchange and Orion180, have entered the Florida market since the reforms passed. More competition is also leading to lower rates for Florida homeowners.
However, even with two years of selling fewer policies, Citizens is still the biggest insurance company in the state, beating out Florida Peninsula, Universal and State Farm.
Florida homeowners can only get a policy from Citizens if they can't get coverage from a private insurance company or if the quotes they get are at least 20% more expensive than the cost of Citizens.
The cost of coverage at Citizens is decreasing by around 8.7% statewide in 2026. People living in South Florida will see the biggest decreases.
Florida counties with the biggest Citizens rate reductions
County | # of homes | Avg. rate reduction |
|---|---|---|
| Miami-Dade | 42,000 | 14.0% |
| Broward | 27,000 | 14.1% |
| Palm Beach | 26,000 | 11.9% |
| Monroe | 1,000+ | 11.3% |
Number of homes and rate reduction are estimates provided by the Florida Office of Insurance Regulation (FLOIR).
But approximately 19.4% of Florida homeowners don't have insurance, despite prices going down and more insurance companies to choose from. In fact, Florida has the sixth-highest rate of uninsured homes in the U.S.
Frequently asked questions
Who has the cheapest homeowners insurance for Florida?
Security First has the cheapest rates in Florida, with an average price of $798 per year for $350,000 worth of dwelling coverage. It also offers lots of helpful coverage add-ons, such as hurricane protection for screened-in porches and lanais.
How much is insurance on a $500,000 house in Florida?
The average cost of a policy with $500,000 of dwelling coverage in Florida is $3,723 per year, or $310 per month. However, Florida homeowners can find much cheaper rates at Security First, where a policy costs an average of $1,039 per year.
Does State Farm insure homes in Florida?
Yes, State Farm sells home insurance in Florida. It has some of the top-rated customer service in the state. While State Farm is usually cheaper than average in Florida, you can typically find more affordable coverage elsewhere.
Why is Florida home insurance so expensive?
Florida homes face some extra risks you won't find in every state, including storms, hurricanes and flooding. Florida also has more cases of fraud than other states, especially for roof replacement.
What is the average cost of homeowners insurance in Florida?
Florida home insurance costs an average of around $2,691 per year, or $224 per month. Your actual cost will depend on your property value, location, typical risks, past claims and other factors.
Methodology
To find the best cheap home insurance in Florida, ValuePenguin editors gathered quotes from 12 of the largest home insurance companies in the state using every residential ZIP code in Florida. Rates are for a 45-year-old married man with no prior insurance claims. Quotes are for a 1,960 square foot home built 39 years ago, based on the average home age and size in Florida.
Quotes include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. Quadrant's rates were publicly sourced from insurer filings and should only be used for comparative purposes.
Home insurance ratings are based on complaint data from the National Association of Insurance Commissioners (NAIC), the J.D. Power customer satisfaction survey and ValuePenguin's ratings.
Sources:
About the Author
Senior Writer
Lindsay Bishop is a Senior Writer at ValuePenguin, where she educates readers about home, auto, renters, flood and motorcycle insurance.
Lindsay began her career in the insurance and financial industry in 2010. She was a licensed auto, home, life and health insurance agent and held Series 6 and 63 financial licenses.
After a hiatus from the financial sector, Lindsay returned to the industry as a content writer for ValuePenguin in 2021. She enjoys having the opportunity to help readers make smart decisions about their insurance so they can be prepared for anything life throws their way.
When Lindsay isn't writing about insurance, you can find her spending time with family, enjoying the outdoors on Sunday long runs or riding her Peloton.
How insurance helped Lindsay
As a homeowner for 15 years located in South Carolina, Lindsay has plenty of experience navigating the coastal insurance market and managing the claims process. That includes successfully negotiating a full roof replacement claim.
Expertise
- Home insurance
- Car insurance
- Flood insurance
- Renters insurance
- Motorcycle insurance
Referenced by
- CNBC
- Yahoo Finance
- Miami Herald
Education
- BS/BA Economics, University of Nevada Las Vegas
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
