South Florida Homeowners Insurance Rates by Company No, homeowners insurance isn’t required by law in South Florida. However, if you have a mortgage, your lender will mandate that you carry a home insurance policy for the life of the loan. Mortgage lenders require borrowers to carry insurance to protect their investments.
Key Takeaways:
- The average cost of home insurance in South Florida is about $3,804 annually, which is 32% higher than the statewide average rate.
- South Florida homeowners insurance tends to be some of the most expensive, on average, of all regions in the state.
- Monarch National, American Platinum, and Southern Oak had the cheapest home insurance in South Florida, according to our data.
- Shopping around with an insurance agency in South Florida is the best way to save money and find the best deal on home coverage.
Average Cost of Homeowners Insurance in South Florida
The average cost of home insurance in South Florida is about $3,804 per year, which is 33% higher than the statewide average rate of $2,857 annually.
Florida overall has pretty expensive home insurance compared to the rest of the country. South Florida spans roughly from Jupiter down to Homestead on the state’s southeast coast and encompasses Palm Beach, Broward, and Miami-Dade Counties.
Due to the region’s high property values and notable susceptibility to hurricane damage, home insurance rates in South Florida are among the highest in the state and will be, on average, more expensive than premiums in cheaper or less hurricane-prone areas, like central Florida, for example.
As an insurance agency based in Fort Lauderdale, we have thousands of policyholders in South Florida, so we have plenty of price data to offer. We can list rates from several companies in the region to give you an idea of what to expect if you’re seeking home insurance coverage in South Florida.
|
Company |
Average Premium |
|---|---|
|
Monarch National |
$3,345 |
|
American Platinum |
$3,951 |
|
Southern Oak |
$4,123 |
|
Edison |
$4,266 |
|
American Integrity |
$4,309 |
|
Citizens |
$4,484 |
|
Slide Insurance Company |
$4,744 |
|
Johnson & Johnson |
$4,784 |
|
Safepoint |
$4,940 |
|
Florida Peninsula |
$5,112 |
|
Swyfft |
$5,880 |
|
Cabrillo Coastal General |
$5,947 |
|
Cypress |
$6,009 |
|
Mangrove |
$6,467 |
|
Olympus |
$7,141 |
|
People’s Trust |
$7,200 |
|
Heritage |
$7,739 |
|
TypTap |
$7,883 |
|
Average |
$3,804 |
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.
Cheapest Homeowners Insurance in South Florida
Monarch National, American Platinum, and Southern Oak had the lowest average rates in South Florida for our customers. Premiums vary considerably by company, which is why shopping around for insurance is so important.
Our list includes a diverse range of insurers, from several Florida-focused carriers to national providers like Heritage. We also included specialty insurers like Johnson & Johnson and Swyfft. Every company has different underwriting procedures that affect rates, as they weigh cost factors like home age, value, and claims history differently. Additionally, a firm’s business strategy at the time of your quoting may affect costs, so you should always compare quotes from several providers before buying.
A notable carrier on our list is Citizens, which is the only non-profit company. Citizens is run by the Florida state government as an insurer of last resort for people who can’t find affordable coverage in the standard market. You can only qualify for Citizens if you get three quotes that are higher than 20% of your Citizens’ quote.
As an independent insurance agency, we partner with all these carriers, including Citizens, so we can help you find the best possible price for home insurance.
Best Homeowners Insurance Companies in South Florida
The best home insurance in South Florida won’t come from one company every time. Each person has different coverage needs, budgets, and personal preferences (such as customer service or claims procedures), so recommending one insurance company over another is difficult without knowing the person seeking coverage.
As an independent agency, we want to provide further context on many of our partner companies and insurance brokers in South Florida to make the buying process as easy as possible. We’re happy to help when the time comes for you to purchase.
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.
Monarch National
Demotech Rating
A
NAIC Complaint Index
0.60
Average Premium
$3,345
Monarch National has been serving Floridians with a variety of home insurance options since 2015. It was once a subsidiary of the now-defunct Fednat Insurance Company and assumed many of its policies upon Fednat’s liquidation in 2022.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$3,951
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.
Southern Oak Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.20
Average Premium
$4,123
Southern Oak Insurance Company is a private home insurer that has been providing coverage to state residents since 2004. Its policies are primarily available only in Florida through a statewide network of independent agents, such as Clovered.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$4,266
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.
American Integrity Insurance
Demotech Rating
A
NAIC Complaint Index
1.48
Average Premium
$4,309
Established in 2006, American Integrity Insurance has become one of the five largest home insurers in Florida with over 300,000 policyholders in the state. Since its founding, the company has expanded its coverage to Georgia and South Carolina and gone public, trading on the New York Stock Exchange.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$4,484
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
$4,744
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.
Johnson & Johnson
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$4,784
Johnson & Johnson is an independent insurance brokerage founded in 1930, offering insurance services in all 48 contiguous states. While not an insurance carrier, it can provide the insurance services needed for many types of personal and surplus lines.
Safepoint
Demotech Rating
A
NAIC Complaint Index
3.91
Average Premium
$4,940
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.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$5,112
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.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$5,880
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
Cabrillo Coastal
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$5,947
Cabrillo Coastal General Insurance Agency was founded in 2013 and specializes in covering homes in high-risk areas. It’s available in several coastal states, including Florida, and it offers its insurance products through varying partner companies, depending on your state.
Cypress Insurance Group
Demotech Rating
A
NAIC Complaint Index
0.77
Average Premium
$6,009
Established in 1998, Cypress Property & Casualty, headed by the Cypress Insurance Group, offers several types of property insurance in Florida and Texas. The company has over 70,000 policyholders in the Sunshine State.
Mangrove Property Insurance
Demotech Rating
A
NAIC Complaint Index
0.00
Average Premium
$6,467
Mangrove Property Insurance Company was founded in 2025 in Florida and offers home insurance coverage only in the Sunshine State. It is distributed through independent agents.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$7,141
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.
People’s Trust
Demotech Rating
A
NAIC Complaint Index
1.44
Average Premium
$7,200
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.
Heritage
Demotech Rating
A
NAIC Complaint Index
0.78
Average Premium
$7,739
Heritage Property & Casualty Company is a regional insurer created in 2012, licensed to operate in several states, including many on the East Coast and California. It’s publicly traded on the New York Stock Exchange.
TypTap
Demotech Rating
A
NAIC Complaint Index
1.48
Average Premium
$7,883
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.
What Does Homeowners Insurance in South Florida Cover?
Homeowners insurance policies cover your property and liability in several ways by default. Policy coverages can generally be divided into six areas based on what they financially protect:
|
Coverage |
Definition |
|---|---|
|
Dwelling coverage financially protects your home’s physical structure, including the roof, walls, flooring, balconies, pipes, and wiring, from covered perils, like hurricanes, fire, and theft. |
|
|
Other structures coverage guards features on your property that aren’t attached to your main house, such as a pool, shed, fences, carport, or detached garage. |
|
|
Personal property coverage safeguards your possessions, such as electronics, clothing, furniture, jewelry, tools, and more, from theft and damage. |
|
|
Loss of Use Coverage helps pay for living expenses you incur if you must move out of your house temporarily after it suffers major damage. Your insurer can reimburse you for groceries, hotel stays, and more. |
|
|
Liability coverage helps cover medical bills and legal fees if you’ve been found legally liable for someone’s injuries, so you don’t have to pay out of your own pocket. |
|
|
Medical payments coverage is designed to cover minor medical expenses, regardless of fault, if someone gets hurt around your property. |
How to Get Homeowners Insurance Quotes in South Florida
Protecting your home in South Florida is critical, so no hurricanes or other unexpected events that threaten life in paradise don’t ruin you financially.
Clovered is an independent insurance agency based in the heart of South Florida. We have the experience and expertise to help you protect your home here.
Call us for a South Florida homeowners insurance quote over the phone at 833-255-4117 during business hours. Or, if you’d rather see your options online, use our simple online quoting platform to see prices from our partners, some of the top carriers in the state, and possibly bind entirely online. One of our agents is always just a click away if you need assistance. You can also email us at agent@clovered.com at any time.
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.
South Florida Home Insurance FAQs
Is homeowners insurance required in South Florida?
How do you get condo insurance in South Florida?
Condo insurance in South Florida is provided by a different type of policy. Traditional homeowners insurance is officially called an HO3 form, while condo insurance is an HO6 form. There are some differences in coverages between the forms. Also, condo insurance may be cheaper than homeowners insurance due to the usually smaller dwelling size, but it depends on property value, location, and more.
How do you get mobile home insurance in South Florida?
Mobile home insurance is provided by a different policy form than traditional homeowners insurance, as well. Standard, single-family homes will be covered by an HO3 policy, while mobile and manufactured homes are covered by HO7 policies. It will likely be a little tricky to get mobile home insurance in South Florida, especially if you live in a mobile home several decades old. Not all companies offer HO7 policies, and underwriting requirements underwriting may be stricter.
Do you need flood insurance in South Florida?
You only need flood insurance in South Florida if required by your mortgage lender, which will occur if your house is in a federally designated high-risk flood zone. The Federal Emergency Management Agency (FEMA) creates the nation’s flood risk maps. High-risk flood zones on FEMA maps are called Special Flood Hazard Areas. Lenders reference these maps, and if your house is in a SFHA, they will require you to carry flood insurance in addition to homeowners insurance for a mortgage. Home insurance doesn’t cover damage from flooding.
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.
