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FLORIDA HOMEOWNERS INSURANCE

Florida Homeowners Insurance

At Clovered, we partner with some of the top-rated homeowners insurance companies in Florida to provide the best and most affordable policies in the entire Sunshine State.

Since our online quoting tool compares coverages and prices of different policies, we’re able to offer multiple home insurance quotes with one click of a button to provide you with coverage that meets your needs at the cheapest price.

From the Florida Keys to the Miami, Fort Lauderdale and West Palm Beach metropolitan areas, and from the Gulf Coast housing Tampa, Sarasota and St. Petersburg over to the inland metro of Orlando, across the banks of Jacksonville and the Panhandle of Tallahassee, Clovered can pair you with the perfect homeowners insurance policy to protect you from many of the Sunshine State’s perils.

So what do you need to know about homeowners insurance in Florida? Well, there’s a lot to learn about the coverage that helps protect the biggest investment you’ll make in life.

Let’s start with its synonyms. Homeowners insurance is also referred to as home insurance and property insurance, so don’t get confused if these terms are used interchangeably. Now let’s break down the different coverages, average costs and fill in the gaps on the more granular things!

It’s Time to Switch Your Homeowners Insurance

We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

What’s Covered With a Florida Homeowners Insurance Policy?

Coverage A – Dwelling

 
☘ This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.

Coverage B – Other Structures

☘ Everything from a white picket fence to a shed — and even a treehouse — are considered other structures. The structures must be on the homeowner’s property, though, and is typically up to 10 percent of the policy’s dwelling limit.

Coverage C – Personal Belongings

☘ Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can extend to items kept on the property, such as a lawnmower.

Coverage D – Loss of Use

 
☘ Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.

Coverage E – Personal Liability

☘ Protection against accidents that occur on the policyholder’s property, personal liability can provide money for medical bills and legal expenses for incidents when the policyholder is found liable. Coverage extends to incidents like dog bites, major injuries and accidental death.

Coverage F – Medical Payments

☘ Similar to personal liability, medical payments to others (also called MedPay) covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.
What are the common covered perils

Which Perils Are Most Commonly Covered by Homeowners Insurance in Florida?

Nearly every city in Florida is susceptible to hurricanes, fires, tornadoes, heavy rains and other perils that could prove catastrophic for you, your family and your financial wellbeing. But having the right Florida property insurance in place can help you avoid fallouts from those problems. These are the most commonly covered perils.

  • ☘ Vandalism
  • ☘ Theft
  • ☘ Damage caused by vehicles
  • ☘ Damage caused by aircraft
  • ☘ Rioting or civil disturbances
  • ☘ Smoke damage
  • ☘ Fire or lightning
  • ☘ Windstorm or hail, such as a hurricane or tornado
  • ☘ Explosions

  • ☘ Volcanic eruptions
  • ☘ Frozen pipes
  • ☘ Falling objects
  • ☘ Damage caused by heating, air conditioning or plumbing
  • ☘ Damage due to snow, ice or sleet
  • ☘ Damage from water heater, including cracks, burns or tears
  • ☘ Damage from electrical currents, such as downed powerlines

What Does the Average Homeowners Insurance in Florida Cost?

Due to the major weather events and natural disasters faced by nearly every square inch of the Sunshine State (from the Atlantic Coast to the Gulf Coast and up to the Panhandle), the average cost of home insurance in Florida is above the national average year after year.

Many factors play key roles in the cost of home insurance, including the levels of coverage you maintain, any discounts you may or may not qualify for, the company that insures the policy, and a multitude of other components that relate to the property and policyholder.

Florida homeowners insurance is equipped to cover other structures on the policyholder’s property (typically 10% of dwelling), personal property (50% of dwelling), loss of use (10% to 20% of dwelling) and liability coverage (up to $1 million).
 

Average Homeowners Insurance Cost in Florida for a $150,000 House


ASI$2,220
Citizens$1,563
FedNat$2,039
Florida Penn$2,013
Liberty Mutual$2,122
People’s Trust$2,127
State Farm$2,616
UPCIC$1,644
Average$2,043

☘ $150,000 Value – Pre-2001 Construction w/ Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for maximum wind mitigation features.

☘ $150,000 Value – Pre-2001 Construction w/ No Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for no wind mitigation features.

☘ $150,000 Value – 2001-Present Construction: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past three years, and minimum premium discounts for limited wind mitigation features and no hip roof.

*Wind Mitigation: A wind mitigation is any protection on your home that helps decrease the damage caused by strong winds like a hurricane. This can include certain roof attachments and coverings, extra water-resistant seals and impact-resistant doors and windows. Wind mitigations typically result in deep discounts on your home insurance premiums, so you’ll want to get one.

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$150,000 Value Pre-2001 Construction
W/ Wind Mitigation

$1,954
$1,081
$1,455
$1,782
$1,810
$1,536
$2,415
$1,147
$1,647

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$3,104
$2,415
$3,054
$2,780
$2,721
$3,406
$3,357
$2,675
$2,939

$150,000 Value 2001-Present Construction

$1,602
$1,192
$1,609
$1,478
$1,836
$1,440
$2,076
$1,110
$1,543

*Insurers are required to send in their average annual homeowners insurance premiums once per year to the Florida Office of Insurance Regulation, so the rates shown above are the average rates you can expect in Florida.

But real estate prices in Florida are among some of the highest and most-increasing in the country, so you’d be hard-pressed to find a house for less than $150,000, especially in major cities like Miami, Orlando and Jacksonville.

So let’s take a look at a better estimate of the average cost of homeowners in Florida when you consider the real estate market. The following numbers represent the annual average for $300,000 houses in the Sunshine State.
 

Average Homeowners Insurance Cost in Florida for a $300,000 House


ASI$4,440
Citizens$3,126
FedNat$4,079
Florida Penn$4,027
Liberty Mutual$4,244
People’s Trust$4,255
State Farm$5,232
UPCIC$3,288
Average$4,086

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$300,000 Value Pre-2001 Construction
W/ Wind Mitigation

$3,907
$2,163
$2,911
$3,564
$3,620
$3,071
$4,830
$2,294
$3,295

$300,000 Value Pre-2001 Construction
No Wind Mitigation

$6,209
$4,831
$6,108
$5,561
$5,442
$6,813
$6,715
$5,350
$5,878

$300,000 Value 2001-Present Construction

$3,205
$2,384
$3,218
$2,956
$3,671
$2,880
$4,151
$2,221
$3,086

It’s Time to Switch Your Homeowners Insurance

We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

How to Get the Best and Most Affordable Homeowners Insurance in Florida

Going above and beyond the confounds of average home insurance in Florida, finding the best policy at the most affordable price is all about shopping around to get multiple quotes from different carriers.

At Clovered, we’ve cut out the hours-long labor of going from site to site to find the best price. We built a free quoting tool that allows you to get multiple quotes from multiple carriers on a single page so you can get the policy you need at the price you want.

With our easy-to-use online quoting platform, getting a home insurance quote is quick, easy and hassle-free. Simply input your home’s information to find a cheap, affordable Florida homeowners insurance policy for your home in minutes.

When choosing your policy online, it’s simple to adjust your coverage amounts so that you get a policy that’s within your budget. As one of the best Florida homeowners insurance companies, we’re dedicated to getting you the best prices while providing best-in-class customer service.

It’s Time to Switch Your Homeowners Insurance

We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.