Best Homeowners Insurance in Florida

Florida has always been known as a state that is at major risk for hurricane activity, but 2004 really took the cake. That year, four major hurricanes hit the state in just five weeks, leaving countless homeowners dealing with serious damage. Ever since then, many of the best Florida homeowners insurance companies no longer offer coverage for Florida homeowners insurance at all. For many that do, insurance costs can be exceedingly high, particularly if you live in a beach front home or waterfront condo.

This does not mean that you cannot find ample coverage for your home or that you will have to pay more than you can afford for it. It does mean, however, that you are better off working with an agency that works with many of the best Florida homeowners insurance providers rather than just one. Then, you can search for coverage and get estimates from multiple homeowners insurance companies until you can find the ideal coverage for your home.

Why Don’t Homeowners Insurance Providers Like Covering Homes in Florida?

In hurricane-prone areas like Florida, homeowners insurance companies often find that they have to pay out for a lot of storm-related problems. Each time that a hurricane sweeps through the state, homeowners find themselves calling their insurance companies to help them cover wind damage to roofs and siding, flooding damage and more. This can result in crippling costs for insurance companies and can cause rates to go up. Some Florida insurance providers, however, are willing to take the risk. These are the companies that you need to look for.

How Much are Other People Paying for The Best Florida Homeowners  Insurance?

To get an idea of what you might expect to pay for homeowners insurance in Florida, it can help to consider some of the costs that others across the state pay. These are annual averages for homes in the 10 most populated counties in the state, for a $300,000 new construction home:

  • 1. Miami-Dade County – $4,807
  • 2. Broward – $4,006
  • 3. Palm Beach County – $3,779
  • 4. Hillsborough – $3,042
  • 5. Orange – $2,139
  • 6. Pinellas – $3,301
  • 7. Duval – $1,659
  • 8. Lee – $2,879
  • 9. Polk – $2,718
  • 10. Brevard – $2,667

Luckily, we can help you find lower costs if you use our handy search tool to find the best homeowners insurance in Florida.

Additional Factors That Can Increase Your Premiums or Prevent You from Finding Coverage

The fact that the home is located in Florida is not the only thing that homeowners insurance companies look at when determining rates and eligibility for coverage. There are a few other factors that they look at as well.

Location of Home

If your home is located right on the water, you can expect it to be harder to find the best Florida homeowners insurance coverage that you can afford. Florida homes that are located away from the coast can be easier and cheaper to insure. This means that your ZIP code is imperative when you are shopping online for Florida homeowners insurance since a home that is just a few miles away from another might have drastically different insurance options and costs.

Type of Home

Mobile homes are popular near the beach in Florida, but they can be more challenging and costly to insure. Brick homes and other sturdier homes can be easier to find coverage for and can be less expensive to insure. The square footage of your home also matters; a smaller house is going to be cheaper to insure than a larger house, and insuring a smaller piece of land will be less expensive than insuring a larger piece of land.

Age of Home

Older homes can often be affected more by severe storms than newer homes that are in better condition.

Pools

Even if you live near the beach, you might still like having a pool in your backyard. Just be aware that this can make it more expensive for your Florida homeowners insurance to insure your home since the pool adds additional liability for the insurance company. Taking certain steps like putting a locked fence around your pool can help, but your costs will probably still be higher than if you did not have one.

Pets

Having dogs can have an effect on your Florida homeowners insurance coverage, particularly if you have a dog from a breed that is considered dangerous.

Maintenance of Home

Keeping good windows and storm shutters on your home can help make it more affordable to insure. Taking steps to protect your home from the effects of hurricanes can make a difference in your Florida homeowners insurance rates.

Additional Property

If you have a lot of valuable items in your home or have boats, campers or small structures on your property, it can affect your insurance costs.

Specifics of a Florida Homeowners Insurance Policy

Lower deductibles can result in premiums that are more affordable than average. If you feel comfortable paying a higher amount if something happens, and if there are no limits with your home lender, it can be smart to choose a higher deductible so that you can save on your out-of-pocket expenses.

Top Providers that Offer the Best Florida Homeowners Insurance Coverage

Even though a lot of the best Florida homeowners insurance companies no longer offer coverage for homeowners like you, there are still plenty of companies to choose from. These are some of the ones that we like best:

  • Florida Peninsula
  • Homeowners Choice
  • Safeway
  • Citizens Property
  • Universal Property
  • Frontline Insurance

It’s a good idea to get estimates from each of these top providers, as well as all of your other options, before you secure coverage.

How We Can Help You

We understand that you need coverage that you can afford, and we can help. You should know that we work with some of the best Florida homeowners insurance companies in the business, and we understand the specific challenges of owning a home in Florida. Luckily, we can help you find insurance that will properly cover your home with payments that you can afford.

To get started, simply use our online compare tool so that you can get quotes instantly. You’ll only need to enter a few simple details, such as your specific Florida ZIP code. Then, you will be shown options from some of the best Florida homeowners insurance companies, so you can choose the one that is best for your needs. Plus, you will not have to go through the hassle of calling around and getting turned down, or being quoted for something that you can’t afford. If you use our tool today, you’ll be well on your way to having the coverage that you need, whether you already own a home in Florida or are looking to invest in one soon.