The Best and Cheapest Home Insurance Companies in Texas (2026)
Mercury offers the cheapest home insurance rates in Texas, at an average of $1,453 per year. However, Texas Farm Bureau and State Farm have... Read More
Flood Insurance
Flood insurance protects your home and belongings from damage caused by flooding. Regular home insurance doesn't typically cover flood damage.
Find Cheap Homeowners Insurance Quotes in Your Area
You may need flood insurance if your home is in a high-risk flood area and you have a federally backed mortgage, like an FHA or VA loan.
How to buy flood insurance
- Through the government-backed National Flood Insurance Program (NFIP)
- Private insurance company
Until recently, private flood insurance was typically very expensive. But it may be a good option if you need more coverage than an NFIP policy can provide. [/column] [/column]
At ValuePenguin, our experts can help you decide whether you need to get flood insurance. We can also help you find the best and most affordable options for flood insurance.
Compare top NFIP insurance companies
The federal government runs the National Flood Insurance Program (NFIP). However, NFIP policies are sold by private insurance companies.
The average cost of an NFIP flood insurance policy is $82 per month or $985 per year.
However, flood insurance rates vary based on the state where you live, the style of your home and how close you live to a body of water.
Your quote for NFIP insurance will be the same regardless of which company sells you a policy.
So, you should focus on finding a company that offers excellent customer service when shopping for insurance from the National Flood Insurance Program.
You should consider getting flood and home insurance from the same company. It will make your life much easier if you have a major emergency and you have to file both a home and flood insurance claim.
An example would be if a hurricane causes wind and water damage to your house. Your homeowners insurance policy would pay for the wind damage, while flood insurance would cover the water damage.
Find Cheap Homeowners Insurance Quotes in Your Area
Best NFIP flood insurance companies for customer service
Frequently asked questions
What is flood insurance coverage?
Flood insurance is a special type of insurance that protects your home. It covers damage to your home and your personal property from flooding. Regular home insurance usually doesn't cover flood damage.
What is the difference between flood insurance and homeowners insurance?
Flood insurance protects your home and belongings from damage caused by flood water. Homeowners insurance protects against many other types of damage, like fire, smoke and vandalism. But most homeowners insurance policies don't cover flood damage.
What is the difference between NFIP and private flood insurance?
National Flood Insurance Program (NFIP) insurance is backed by the federal government. It's usually cheaper than private flood insurance. And the NFIP won't cancel your flood insurance policy after you make a claim.
Private companies typically offer higher coverage limits, which could be necessary if you have an expensive home or valuable items.
Flood Insurance Research & Advice
Best and Cheapest Home Insurance Companies in Louisiana (2026)
Allstate has the best home insurance in Louisiana, offering a low rate of $1,406 per year. That’s 45% cheaper than the state average of... Read More
The Best and Cheapest Home Insurance in South Carolina (2026)
American National offers the cheapest homeowners insurance in South Carolina, at an average of $1,052 per... Read More
The Best and Cheapest Home Insurance in Georgia (2026)
State Farm offers the cheapest home insurance in Georgia, at $1,770 per year. That's $870 per year cheaper than the statewide average of... Read More
How Age Affects Car Insurance Prices for Men and Women
Young drivers under age 25 and seniors pay the highest car insurance rates. And men tend to pay about 6% more for car insurance than... Read More
Average Cost of Car Insurance for 18-Year-Olds (2026)
Full coverage car insurance for an 18-year-old driver on their own policy costs an average of $599 per month. Geico is the cheapest major... Read More
Health Insurance Exchanges Explained
A health insurance exchange, also called a marketplace, is a website that lets you see and compare health insurance plans. You can also buy... Read More
What Is An Insurance Rating Area?
One of the factors health insurance companies are allowed to consider when setting premiums is where you live. The area you live in that's... Read More
The Affordable Care Act Individual Mandate and Penalties
The individual mandate of the Affordable Care Act requires that all Americans maintain health insurance but no longer assesses tax... Read More
Methodology
To find the average cost of flood insurance in the U.S., ValuePenguin studied data published by the National Flood Insurance Program (NFIP).
About the Author
Matt Timmons
Lead Writer
Matt Timmons is a Lead Writer on the insurance team at ValuePenguin, where he writes in-depth and timely pieces helping find the right coverage for them.
He's covered insurance at ValuePenguin since 2018, specializing in auto and home insurance, as well as life insurance. He's paid special attention to the EV insurance market, where prices are much higher than for gas cars.
Before he started writing about personal finance, Matt wrote about professional skills and online tools at an e-learning company.
How insurance helped Matt
During freshman orientation in college, Matt's iPod was stolen off his table while he was eating lunch. Luckily, he'd bought a college insurance plan the day before and he had money to buy a replacement before classes started.
Expertise
- Auto insurance
- Home insurance
- Insurance rate analysis
- Life insurance
Referenced by
- CNBC
- Miami Herald
- Yahoo! Finance
Education
- BA, Wesleyan University
Call(855) 596-3655
Agents Available
24/7
To speak with a licensed insurance agent and get quotes for car, home, health insurance and more.