Average Rates of Homeowners Insurance in Orlando While getting a wind mitigation in Orlando isn’t required, you may find that without one, it’s harder to get a homeowners insurance policy that suits all your needs. Passing a wind mitigation inspection can make you eligible for more policies, make your home more durable, and help you qualify for home insurance discounts.
Key Takeaways
- House insurance in Orlando, Florida, costs, on average, about $4,023 annually.
- Home insurance companies in Orlando, Florida, differ in their coverage options, rates, and other qualities that may be important to policyholders.
- While a cheap home insurance policy may be tough to find in Orlando, considering the city’s average premium is about 32% above Florida’s, we’ll show you some ways to save.
- Whether you’re looking for Orlando renters insurance, condo insurance, or homeowners insurance, getting a quote is the best way to see the rates available to you.
Average Cost of Homeowners Insurance in Orlando, Florida
The average cost of home insurance in Orlando is about $4,023 annually. But even though that’s the average cost, you may pay less or more depending on a multitude of factors, most notably the cost of your home and the coverage amounts you need to protect it.
Florida is home to some of the highest home insurance premiums in the country and some of the most volatile weather, too. Although Orlando is about a 45-minute drive from the Atlantic Coast and just over an hour drive from the Gulf Coast, it can still bear the brunt of hurricane winds, which often spawn tornadoes that unexpectedly destroy homes and properties, thus raising the average Orlando home insurance cost.
It’s also home to more than 50 inches of rainfall each year, with some rainstorms coming down so hard you can barely see, while others can turn into hailstorms at times, too. These major weather events may be covered by your home insurance policy, but such perils may factor into its cost.
Here we’ve collected real data from our Orlando policyholders to help provide an accurate estimate of what you may expect to pay for a home insurance policy in this Florida city.
| Company |
Average Premium |
|---|---|
|
Olympus Insurance Company |
$2,165 |
|
Edison Insurance Company |
$2,405 |
|
Florida Peninsula |
$2,424 |
|
Citizens |
$2,545 |
|
Slide Insurance Company |
$2,735 |
|
Safepoint |
$3,186 |
|
People’s Trust |
$3,635 |
|
Swyfft |
$3,919 |
|
American Platinum |
$4,303 |
|
TypTap |
$4,523 |
|
Average |
$4,023 |
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.
While Florida’s extreme weather and consequently unstable insurance marketplace are certainly part of the equation when it comes to your home insurance rates, insurers consider other factors unique to each policyholder when determining your rates.
If you’re unable to find cheap insurance in Orlando, Florida, some of these factors may be working against you:
- Deductible
- Insurance Score
- Home’s Age, Construction & Renovation
- Claims History
- Coverage Amounts
- Location & Crime
Getting the Cheapest Homeowners Insurance in Orlando, Florida
Since rates in this Florida city can be quite high, many policyholders’ chief concern is finding the cheapest Orlando homeowners insurance rates. Here’s what you need to know about the insurers that offer our customers the lowest rates.
Olympus
The average home insurance cost in Orlando, Florida, for our customers who have policies with Olympus is nearly 46% lower than the city’s average premium. So, if you’re on the hunt for savings above all else, this just might be the perfect insurer for your needs.
Edison Insurance Company
On average, our customers pay about 40% less than the average cost of home insurance in Orlando when they bind with Edison. This insurer offers great coverage options and plenty of options for additional savings. Customers may be eligible for discounts if they have a security system, an HVAC service agreement, or are 55 or older.
Florida Peninsula
Our Orlando customers who bind with Florida Peninsula save, on average, about 40% on their premiums compared with the city’s average home insurance cost. For further savings, eligible policyholders may make use of the insurer’s wind mitigation discount, senior discount, or security system discount.
Citizens
If your definition of the best home insurance in Orlando, Florida, is the cheapest policy, Citizens might be the right insurer for you. On average, our customers pay about 37% below average when they bind with Citizens. It’s worth noting, however, that Citizens is a state-run insurer that’s often considered a last resort, so what you save on premiums you may lose in coverage.
How To Find the Best Home Insurance Company in Orlando, Florida
Finding the best Orlando insurance company to write your home insurance policy can be tough, as there are many options, and it can be difficult to figure out which one is the best for your needs. Luckily, you found us. Our goal here at Clovered is to help you understand the insurance landscape and to provide several quotes so you can feel confident that your insurer is the perfect match for your needs.
While it might be tough to find an insurer at the right intersection of cost and coverage, we’ll try our best to help. Here’s some helpful information about the insurers our customers in Orlando trust with their home insurance policies.
Average premiums are determined from our policyholder data. Financial strength is determined by each company’s ratings from Demotech, a leading insurance industry credit rating agency.
To gauge consumer satisfaction, we used the National Association of Insurance Commissioners’ complaint index, which compares a firm’s consumer complaint performance with other companies in the market. The default index number is 1.0, meaning a company with a complaint index of 2.0 has a complaint value twice as high as expected. So, for their scale, lower is better.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$2,165
Olympus Insurance Company has offered home insurance solely in Florida since its founding in 2007, with a general focus on higher-value homes and a count of over 70,000 policyholders.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$2,405
Established in 2006, Edison Insurance Company offers home insurance primarily in Florida through independent agents, like our team at Clovered. It was acquired by Florida Peninsula Insurance Company in 2010, although it still has its own book of business.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$2,424
Florida Peninsula Insurance Company was founded in 2005 and focuses on offering coverage in its namesake state. With over 150,000 policies in force in Florida, it just cracks the top ten list of Florida’s largest home insurers.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$2,545
Citizens Property Insurance Corporation is Florida’s state-run home insurer of last resort. It’s a non-profit entity that provides property insurance to state residents who are unable to obtain coverage in the traditional, private market.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$2,735
Slide Insurance Company was founded in 2021 and began operations offering home insurance in 2022. Available in Florida and South Carolina, the company currently has over 300,000 policyholders in the Sunshine State, making it one of Florida’s largest.
Safepoint
Demotech Rating
A
NAIC Complaint Index
3.91
Average Premium
$3,186
Safepoint Insurance has specialized in insuring property in coastal regions since 2013. They sell their policies through independent agents and offer homeowners insurance coverage in seven states.
People’s Trust
Demotech Rating
A
NAIC Complaint Index
1.44
Average Premium
$3,635
People’s Trust Insurance Company was established in 2008 and offers home insurance exclusively in Florida. The company prides itself on its business model, which differs from most carriers in that it retains a network of preferred contractors for claims.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$3,919
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$4,303
American Platinum Insurance Company, founded in 2011, is a subsidiary of Universal Insurance Holdings, offering home insurance coverage in Florida and Georgia. Policies are available exclusively through independent agents at Clovered.
TypTap
Demotech Rating
A
NAIC Complaint Index
1.48
Average Premium
$4,523
TypTap Insurance Company was founded in 2006 and offers home insurance in over a dozen states. It’s primarily distributed through independent agents, like ours at Clovered.
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.
Orlando, Florida Home Insurance Coverages
A standard homeowners insurance policy in Orlando includes coverage for all facets of your home and personal life. Whether you think you may use it or not, Orlando homeowners insurance comes with the following coverages.
| Coverage | Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage covers your home’s structure and components, including the roof, windows, doors, flooring, HVAC, and more. |
|
Other Structures Coverage |
Other structures coverage covers structures on your property not attached to your house, such as a fence, detached garage, carport or shed. |
|
Personal Property Coverage |
Personal property coverage Covers the personal belongings you keep inside or on your property, such as electronics, furniture, jewelry, lawnmowers, and clothes. |
|
Loss of Use Coverage |
Loss of use coverage covers additional living expenses if you’re forced to move from your home while it’s being rebuilt or repaired after covered damage. Your insurer can pay for lodging, fuel, groceries, and more. |
|
Liability Coverage |
Liability coverage covers injuries or other property damages that the policyholder is found liable for in a lawsuit. |
|
Medical Payments Coverage |
Medical payments coverage covers small medical bills if someone was injured on your property, whether you’re at fault or not. |
How to Get Home Insurance Quotes in Orlando, Florida
Getting an Orlando home insurance quote is easier than ever with our intuitive online quoting platform. Simply answer a few questions about your property, and we’ll fill in the rest. Then, our home insurance agents in Orlando will pair you with the perfect policy at the right price.
The process to get Orlando home insurance quotes can be completed in just a few minutes, and you won’t even need any additional information to get your policy started. If you have any questions throughout the quoting process, one of our friendly licensed agents will be there to help you along the way.
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.
Orlando Home Insurance FAQs
Do I Need a Wind Mitigation Inspection in Orlando, Florida?
Can I Get Cheap Renters Insurance in Orlando, Florida?
Yes, you may be able to find Orlando renters insurance for cheap, especially if you look for a policy from an insurer like American Integrity, Edison, or Johnson and Johnson. In the data we’ve collected from our customers, these insurers offer the lowest average premiums for home insurance, which includes renters insurance, in this Florida city.
How Can I Find Condo Insurance in Orlando, Florida?
Finding condo insurance in Orlando can be tough, and it may get expensive. However, finding a policy that meets your needs is much easier when you know how to use a free quoting tool, like the one we offer right here at Clovered. Gathering quotes allows you to see all the policies and rates for which you qualify, so you can make the most informed choice for your needs.
What if I Need Landlord Insurance in Orlando?
Just like other home insurance policies, finding a landlord insurance policy in this Florida city starts with gathering quotes. Luckily, here at Clovered, we can help you with that. Simply input information about your rental property, and we’ll handle the rest so you can go enjoy your passive income.
Do I Need Hurricane Insurance in Orlando?
Even the best Orlando home insurance may not have coverage for hurricanes, or, in insurance speak, wind and hail. While many homeowners insurance policies cover damage caused by wind and hail, some policies in high-risk areas, like Orlando, may exclude this peril from their coverage, or may have a separate deductible for this source of damage, called a hurricane deductible. Don’t fret, you can always add a wind and hail rider onto your policy to gain coverage for this peril if it’s excluded.
What Is Flood Insurance in Orlando, Florida?
Orlando flood insurance is separate from your homeowners insurance policy, so your property isn’t covered by flood damage if you don’t have a separate flood insurance policy. But don’t worry, because we can help you protect your property and most valuable belongings from floods, especially since they’re quite common after heavy rains in the City Beautiful.
Simply fill out our flood insurance quote form online, and one of our in-house licensed agents can find a policy that perfectly fits your needs.
Stay Above Water With Flood Insurance
Do you want to pay for costly and common flood damage yourself or have an insurance policy pick up the tab?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
