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Best homeowners insurance companies in Florida for June 2024

Updated Jun 01, 2024
According to Bankrate's extensive analysis, Chubb and State Farm are among the best Florida home insurance companies in 2024.

Compare the best home insurance companies in Florida for 2024

Finding the best homeowners insurance can be a challenge, especially in Florida’s turbulent property insurance market. Bankrate can help. Our insurance editorial team (which includes industry professionals and licensed insurance agents) uses our decades of combined experience along with our proprietary premium data from Quadrant Information Services, customer satisfaction ratings from J.D. Power and financial strength ratings from AM Best to reveal the best home insurance companies in Florida for 2024.

Because Florida homes face unique risks, coverage from these carriers may be limited based on an insurance company's eligibility criteria, which can include restrictions in certain ZIP codes, homes of a certain age and homes lacking specific safety features, like wind mitigation measures. Bankrate’s editorial team confirmed these five Florida homeowners insurance companies are actively writing new policies, but the situation in the Florida home insurance market is rapidly changing.

Insurance company J.D. Power Average monthly premium Average annual premium
Not rated
Not rated
*Premiums are for $300K in dwelling coverage

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This advertisement is powered by, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions., LLC is a licensed insurance producer (NPN: 19966249). services are only available in states where it is licensed. may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Top 4 home insurance companies in Florida

Best for endorsements

Tower Hill


Rating: 4.9 stars out of 5

Avg. premium for $300K dwelling


Avg. premium for $300K dwelling


Customer satisfaction

Not rated

Best for high value coverage



Rating: 4.3 stars out of 5

Avg. premium for $300K dwelling


Avg. premium for $300K dwelling


Customer satisfaction


Best for local agents

State Farm


Rating: 4.2 stars out of 5

Avg. premium for $300K dwelling


Avg. premium for $300K dwelling


Customer satisfaction


Best for innovative technologies



Rating: 3.2 stars out of 5

Avg. premium for $300K dwelling

Not available

Avg. premium for $300K dwelling

Not available

Customer satisfaction

Not rated

Additional Florida home insurance companies to consider

Florida Peninsula

Florida Peninsula

Who this may be best for:

Homeowners who want to support a local company

Florida Peninsula only sells home coverage in the Sunshine State, so it might be a good choice if you want to keep your coverage local. You might choose to keep your coverage relatively basic if budget is your primary concern, or you could choose from an array of endorsements to build a more robust policy. J.D. Power and AM Best do not rate Florida Peninsula because of its smaller market share, but the company, which is based in Boca Raton, carries an A (Exceptional) financial stability rating from Demotech.



Who this may be best for:

Homeowners who can’t find coverage elsewhere

Citizens is Florida’s “Fair Access to Insurance Requirements” (FAIR) plan carrier, which means it’s a state-backed insurance company of last resort. To qualify for coverage with Citizens, you must either show that you haven’t been able to get coverage in the private home insurance market or that the quotes you receive are more than 20 percent higher than a comparable quote from Citizens. All new Citizens policyholders will also be required to carry a flood insurance policy, although the rollout may take place at different times for existing policyholders. Although Citizens may be the only option in some cases and policies are not necessarily apples-to-apples with private insurers, the coverage available is still better than being left completely on the hook for coverage out of pocket. The carrier does offer a few useful endorsements, including sinkhole coverage and replacement cost on personal property.

Citizens has a $700,000 dwelling limit in most counties except Miami-Dade and Monroe, where the dwelling limit is $1 million. In March 2023, Citizens' Board of Governors requested increasing premiums for all personal line policies by 12.6 percent. The original request was rejected, however a rate increase of 11.5 percent was approved in July 2023. Rate changes were effective as of December 2023 and will impact new business and renewals going forward. The ultimate goal of higher premiums is to receive enough in premiums to pay out claims without forcing assessments on both Citizen and non-citizen policyholders.

There is also hope that Citizen's higher premiums will encourage private insurers to offer competitive prices slightly below what Citizens offers. This will move more of the burden of high-risk policies back into the public sector. As of October 2023, Citizens was able to depopulate over 300,000 policies to private insurers and several new providers have opened up to new business in the state.


Who this may be best for

Homeowners who want a fast and simple quote process

TypTap is a Florida-based insurer founded in 2016. The carrier is under the HCI Group Inc umbrella and uses proprietary algorithms and innovative technology to underwrite single family homes in Florida built between 1900 and 2016. Most home quotes are available within 30 seconds, and it has a financial stability rating of A from Demotch. TypTap is one of the participants in Citizen's depopulation process

How Bankrate chose the best home insurance companies in Florida 

Bankrate’s insurance editorial team follows the turbulence in the Florida home insurance market closely, and we know how difficult finding coverage can be. We want to make shopping for homeowners insurance in Florida as easy as possible by providing up-to-date and reliable information. In our quest to find the best Florida homeowners insurance companies, we started by analyzing average rates from Quadrant Information Services for the largest companies in Florida by market share. 
Price isn’t everything, though, especially in a state like Florida that is facing an insurance crisis. We also analyzed coverage offerings and discounts that may be appealing to homeowners in the Sunshine State, third-party ratings and scores, digital tools, availability and corporate sustainability programs. We combined these metrics into a Bankrate Score on a scale of 0.0 to 5.0. Our Bankrate Score model may help you quickly see how the various companies stack up.
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years of industry expertise
carriers reviewed
ZIP codes examined
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quotes analyzed

Cheapest home insurance companies in Florida

Securing cheap homeowners insurance in Florida may not be an option for many homeowners. However, knowing which of the best home insurance companies in Florida offer cheaper insurance policies than competitors can start you in the right direction. Below are some of the insurance companies with the lowest average premiums in Florida. Remember that some providers cover wind loss from hurricanes, while some insurers exclude this coverage. These exclusions can vary between ZIP code and policy type, and significantly impact insurance rates.

Carrier Monthly premium for $300k coverage Annual premium for $300k coverage Savings vs state avg. for $300k coverage
- $3,257
Security First
- $1,585
American Integrity
- $706
- $627
Florida Peninsula
- $357

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This advertisement is powered by, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions., LLC is a licensed insurance producer (NPN: 19966249). services are only available in states where it is licensed. may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.


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How to get cheap Florida home insurance

Florida has a complex home insurance market. Finding any coverage can be challenging, let alone a cheap home insurance policy with the best coverage options. Above all, securing coverage should take priority, and it’s important to set realistic expectations around the cost of Florida home insurance before you start shopping for coverage. With insurance companies still feeling the financial impact of excessive litigation, Hurricane Ian and inflation’s significant influence on the cost of construction materials and labor, the average price of home insurance in Florida will likely continue to increase. However, there are some strategies you can use to secure home insurance coverage and potentially save money in the Sunshine State:

How to save on home insurance policy renewals

Once a policy is secured, there are even more strategies to help lower your insurance premium or offset increases at renewal time:

  • Maintain your roof. Newer roofs generally qualify the home for lower rates or possible discounts since it's less likely that they'll incur severe damage than older roofs. A well-maintained roof also helps protect your home from experiencing more damage than it could, saving both you and your insurance company money.
  • Maintain your credit. Credit can be a rating factor for home insurance. While there isn't a quick fix to restore poor credit, maintaining a good credit score and working to improve credit over time can help. Once your credit has moved into a better credit category, let your insurance company know as it may be able to update your policy to a better rate at renewal.
  • Limit your claims. Insurance aims to provide financial support when a loss is more significant than your budget can reasonably handle. However, the more claims you make, the more expensive your policy can get. Additionally, multiple claims could lead to a policy nonrenewal. Insurance professionals recommend only submitting claims when you can not afford to pay for the repairs yourself.
  • Install wind and flood mitigation updates. If a wind mitigation inspection shows your home has eligible wind-mitigation features, you could qualify for significant wind mitigation discounts from your insurer, which are required by Florida regulations. Popular updates include installing storm or hurricane shutters or retrofitting your existing roof to be more wind resistant. The Federal Emergency Management Agency (FEMA) recommends that homeowners in flood-prone zones elevate their homes above flood levels — though this choice is cost prohibitive for many homeowners. Generally, a wind mitigation inspection costs around $200. The inspector will determine if you have roof fasteners (such as clips, wraps or straps) installed, whether your windows are impact-resistant, how many nails each of your roof shingles have and how far apart they are, among other things. Once the inspection is complete, you will receive a report for your insurer to review for possible discounts. 

Best home insurance discounts in Florida

Discounts can be a great way to lower your home insurance premium and might help you find the best cheap Florida home insurance for your needs. Here are some common discounts that Florida homeowners may want to take advantage of:

Getting home insurance or switching companies can be tougher in Florida than in other states. Shopping early and buying a policy before your effective date might lower your premium.
Finding home insurance in Florida is tougher than in other states, but if you can find a company that will insure both your home and auto policies, you could save on each.
Many home insurance companies offer varying levels of discount for home security devices, such as deadbolts, smoke alarms and fire extinguishers. Discounts for monitored alarm systems are common as well.
The longer you stay with an insurance company, the more you could save. Loyalty discounts are fairly common and can add up to substantial savings over the years.
Some companies offer savings for newly built homes, new-to-you homes or both.
Some homeowners insurance companies will provide a discount if you pay for your policy in a lump sum rather than in installments. However, Florida homeowners insurance rates are higher than average, so some policyholders without a mortgage and escrow account may have trouble coming up with their entire policy premium upfront. Still, this could be a discount worth asking about, as long as paying in full will not cause financial hardship (also, you may want to consider setting enough money aside to pay your deductible if you should need to file a claim).
If your home has smart home features, like an automatic water or gas shut off, a smart thermostat or remotely-controlled locks, you might save money on your home insurance. Smart home discounts are becoming increasingly popular with insurers as this technology becomes more widely available.
By law, Florida home insurance companies have to offer you discounts for certain wind-mitigation features like roof straps and hurricane shutters. Not only could these features help protect your home from damage and give you peace of mind, but they could lower your insurance premium.

Discounts and qualifications vary by insurance company, so be sure to talk to your carrier about your specific situation.

How much does home insurance cost in Florida?

The average cost of homeowners insurance in Florida is $5,533 per year for a $300,000 dwelling coverage policy. This is about 148 percent more than the national average premium of $2,230 per year for the same amount of coverage. Keep in mind that your premium will depend on your specific rating profile, which includes factors like your home’s location and features, your claims history, the insurance company you choose, and the specific coverage types and limits you select.

Florida homeowners insurance rates by city

In every state, home insurance rates will vary by city. This is especially true in Florida, because some areas of the state are at a much higher risk for hurricane damage than others.
  • Tallahassee: $2,147 per year — 61 percent below state average
  • Waldo: $2,190 per year — 60 percent below state average
  • Hawthorne: $2,196 per year — 60 percent below state average
  • Alachua: $2,196 per year — 60 percent below state average
  • Gainesville: $2,197 per year — 60 percent below state average
  • Tavernier: $12,697 per year — 129 percent above state average
  • Key Largo: $12,379 per year — 124 percent above state average
  • Key Biscayne: $12,337 per year — 123 percent above state average
  • Long Key: $12,247 per year — 121 percent above state average
  • Marathon Shores: $12,242 per year — 121 percent above state average

Related content:

Explore Florida average annual home insurance premium costs

The amount of coverage you purchase is one of the biggest factors that impacts your home insurance premium. More coverage generally costs more money, but also provides more financial protection. Below are the average Florida homeowners insurance rates by coverage level.

Keep in mind, though, that dwelling coverage isn’t the only coverage type on a home insurance policy. Your dwelling coverage covers the structure of your house, while your liability coverage, for example, protects your finances from the fallout of injuries and damage to the property of others that you are found at fault for. Increasing or decreasing either coverage type — or any of the other types of home insurance coverage on your policy — will affect your premium.

Coverage level Florida's average annual premium
$150K dwelling $3,305
$300K dwelling $5,533
$350K dwelling $6,170
$450K dwelling $7,287
$750K dwelling $9,497
With expensive average home insurance rates in Florida — and a turbulent insurance market that may push rates higher — you may be wondering how to control your premium. Increasing your deductible will generally lower your rates, since it means that you’re willing to pay more out of pocket in the event of a claim. Be mindful of your deductible level in relation to your overall financial health. Increasing your deductible for a cheaper premium could backfire if you don’t have the money to comfortably pay your share of a loss out of pocket. The table below shows the average rate for several common deductible levels.
Deductible Florida's average annual premium
$1,000 $5,533
$1,500 $1,976
$2,000 $1,760
$5,000 $5,238

Most policies in Florida have two deductibles, a flat deductible, as you see in the table above and a separate hurricane deductible. Hurricane deductibles, also known as windstorm or named storm deductibles, are typically percentages of the dwelling coverage. The most common options are 1, 2, 5 or 10 percent of coverage A. For example, on a home insured for $300,000 in dwelling coverage, the windstorm deductible could be $2,500, $5,000, $12,500 or $25,000. Percentage deductibles allow insurance providers to offer lower premiums — or possibly offset their financial risk to continue selling insurance in the state — by decreasing the filing of nuisance claims and shifting more of the burden of risk back to policyholders.

What does home insurance cover in Florida?

Understanding what your Florida home insurance covers is important when building a policy that meets your needs. Many parts of Florida are prime targets for tropical storms, and the state has historically endured more hurricane landfalls than any other state in the country. Due to the high possibility of hurricanes and flooding, Florida homeowners may want to consider the potential damage resulting from these perils when choosing their insurance coverage. Here are some of the most common types of damage that may cause Floridians to file home insurance claims:

  • Floods and water damage: Heavy rains and storm surges can cause extensive flooding and water damage, even to inland locations. However, flood damage is not covered in a standard homeowners insurance policy, so you will likely need to purchase a separate flood insurance policy.
  • Wind: In Florida, wind-related damage can be incredibly costly. Home insurance typically includes windstorm coverage, and in Florida, carriers are required to cover wind damage from hurricanes and tropical storms except for when legal exclusions apply. However, a separate hurricane deductible is required for named storms and will typically be 1 to 5 percent of your dwelling coverage amount. Some homeowners may need to secure a separate Florida windstorm policy.
  • Fire: Hurricanes and extreme weather can cause damage to your home’s electrical system, which might start a fire. The good news is standard home insurance policies cover accidental fire damage, but you will likely want to ensure you have enough coverage to pay for your home and belongings in the event of a total loss.

Most common disasters in Florida

Disasters with the most substantial impact on Florida residents are floods, tropical cyclones, severe storms, tornadoes and wildfires. When forecasts indicate that an impending storm may result in catastrophic loss, the governor of the affected state or territory can submit a request to the president for an emergency declaration. Once approved, this frees up federal funds for emergency services, hopefully reducing the human impact of the disaster. The governor can also request a major disaster declaration for natural events exceeding the state's capacity to aid its residents

Climate scientists consider 1988 as the watershed year for climate change due to its record-breaking temperatures, droughts and wildfires, which finally prompted the creation of the Intergovernmental Panel on Climate Change (IPCC). The following chart uses FEMA's historical disaster declaration data from the past 35 years to show which months in Florida have the most disasters.

The Atlantic hurricane season runs from June 1st through November 30th, with August, September and October having the highest number of declared disasters associated with hurricanes and flooding. Historically, May and September have the highest number of disasters.

Disasters by month in Florida

Hurricane season 2024

Hurricane season runs from June 1 until Hurricane season runs from June 1 until November 30. NOAA's Climate Prediction Center will release its 2024 hurricane season predictions in May, but Tropical Storm Risk released its pre-season prediction warning of a 30 percent increase in North Atlantic hurricane activity. As we know from last year, hurricane predictions can change as the season approaches. Bankrate's insurance editorial team closely follows hurricane activity in the Atlantic Ocean and the Gulf of Mexico. We will continue to update our content with 2024 news as it becomes available. Here are some key facts from the 2023 hurricane season:
  • Hurricane Idalia made landfall in the Big Bend region of Florida as an intense Category 3 hurricane. The city of Perry, Florida, was hit the hardest as Idalia pushed through Florida and Georgia, but Idalia was downgraded to a strong tropical storm as it blew through the Carolinas.
  • There were three Idalia-related deaths reported, a much lower number than anticipated since the storm made landfall in a rural part of Florida, and many residents took precautionary measures. Estimates put damage from Hurricane Idalia around $20 billion
  • Homeowners insurance typically covers some forms of hurricane damage but does not cover flood damage. Homes in high-risk areas may need windstorm insurance and flood insurance to avoid potential gaps in coverage. When a hurricane approaches, most insurance companies put a moratorium on increasing coverage or lowering deductibles until the storm passes. 
Bankrate's hurricane resources aim to help you understand how your home insurance coverage may financially protect you from storm damage. These guides also provide tips to prepare your home for a storm and resources on how to file a claim for hurricane-related damage.

Wildfire risk in Florida

Wildfires are becoming more common in Florida. Most of Central and South Florida rates between very high and relatively moderate on FEMA's National Risk Index for wildfires. According to Triple-I, over 814,000 homes were considered at risk for extreme wildfires in 2022.

Although the 2022-2023 winter provided much-needed drought relief throughout parts of Florida, the western Florida peninsula is still experiencing extreme drought. The National Interagency Fire Center forecasts that the incoming El Nino weather pattern could turn into a Super El Nino, again increasing drought along the Gulf Coast from Texas to Florida.

Related content:

Common Florida home insurance problems

The cost of Florida home insurance has never been higher, but homeowners have been dealing with a turbulent home insurance market since 2019. There are several reasons why homeowners insurance in Florida is problematic for both homeowners and insurance companies. The biggest reason is the same reason why so many Americans flock to Florida for vacation every year — location. 

Florida has 1,350 beautiful miles of coastline with flat topography and limestone bedrock. That, combined with the warm waters of the Gulf of Mexico, means that about 77 percent of Floridians live on land inherently vulnerable to hurricanes and flooding. Location aside, here are some other common Florida homeowner problems:

Why it's difficult to get home insurance in Florida

There are many reasons why a home insurance company may deny coverage for a Florida home. These may relate to a home's characteristics or your characteristics as the homeowner. Some potential reasons for home coverage denial include: 

  • Age of structure: Older homes with outdated electrical and plumbing systems are at higher risk for fire and water losses. Some Florida insurers are restricting home policy sales to dwellings less than 40 years old. 
  • Age of roof: Until recently, Florida insurance companies could deny policies if the roof of a home was over 15 years old. Due to new laws enacted last year, homeowners can get an inspection proving their roof has at least five more years of useful life to potentially increase their chance of coverage approval. 
  • Location: Category one and two hurricanes bring wind speeds between 74 and 110 mph, while major hurricanes can go up to 157 mph or more. Homes located in high-wind areas are more likely to have expensive and repeated wind claims. Location-related denial factors may also include theft and vandalism rates. 
  • Claim history of the home: Even if you were not the homeowner at the time of the loss, a home with a claim history outside of the insurer's underwriting guidelines could be denied coverage.
  • Claim history of the homeowners: A homeowner who has filed multiple claims over the course of a few years may be viewed as ‘too risky’ and denied coverage.

What to do if

Securing an affordable home insurance policy may be challenging in many parts of Florida. The last thing you want to see in the mail is a cancellation letter or nonrenewal notice. Homeowner policy cancellations usually happen mid-term and must be for a specific reason, such as inaccuracies on your policy application or premium nonpayment. Nonrenewals occur before your policy renews and can happen for a multitude of reasons. In both situations, the insurer is required to give the homeowner sufficient notice before the coverage is ended with valid reasoning as to why the decision was made.

If you have received a nonrenewal or cancellation notice in regard to repairs or updates needed on your home, the best course of action may be to contact your provider right away. There is a chance the company could rescind the nonrenewal if you can provide the necessary documentation. For example, if the notice was due to your home’s maintenance, you may be able to continue coverage if you prove that the necessary repairs have been completed or have a contract showing that repairs will be started soon. 
If you are unable to work with your existing carrier to continue coverage, it may be time to shop for a new policy. It can take a while to secure the best home insurance policy for your needs, and with so few carriers available in the state, you may struggle to find one on your own. If this happens, you may want to connect with a local agent for assistance. You may also need to apply for a policy with Citizens, Florida’s FAIR plan for high-risk properties.

If you are struggling to find Florida homeowners insurance, it may be beneficial to work with a local agent familiar with the specific risks and challenges that Florida insurance poses. The right licensed insurance professional may be able to provide you with information on these key topics:

  • If your home is eligible for a traditional home policy
  • What endorsements may benefit your unique coverage needs
  • If you are in a flood zone and how to secure a flood policy
  • How to find nonstandard carriers if a traditional policy is not an option
It may be unnerving to contemplate, but as too many Floridians know, insurance companies can become insolvent or, in other words, go out of business. When this happens in Florida, the Florida Insurance Guaranty Association (FIGA) steps in to process outstanding claims of failed insurers. Afterward, policyholders would need to find a new carrier. Here are the steps you may need to take if your insurance company goes insolvent:
  • Avoid a coverage lapse. In the event your insurer goes insolvent, pay close attention to your policy’s end date so you can establish new coverage ahead of its expiration. In most situations, FIGA will pay out homeowner claims up to $300,000 after stepping in for a failed insurer. Condo policies and other dwelling types are subject to different levels of coverage.
  • Find a new insurance company. When a carrier goes insolvent, you will need to look for a new Florida homeowners insurance company that meets your needs, and you may need to reevaluate your coverage levels. It’s helpful to note that Citizens now covers dwelling coverage up to $700,000.
  • Do your research. Along with price and coverage options, an insurance company's financial stability may be an important consideration when looking for Florida homeowners coverage. You could check insurance ratings with companies like Moody's, Fitch and A.M. Best for more information. For your awareness, Insurtech Slide assumed about 180,000 policies of two failed insurers (St. Johns and UPC), and most other policyholders of failed insurers landed with Citizens. Citizens now averages 30,000 new customers a month and has grown to nearly 1.3 million policyholders, giving it the largest market share in the state.

How to file a homeowners insurance claim with the Florida Insurance Guaranty Association

Policyholders can file a homeowners insurance claim with FIGA's independent claims service via mail, email, fax or phone. If you already filed a claim before your past insurer went insolvent, you do not need to refile with FIGA; FIGA will contact you with details about how your outstanding claim is being processed. Your policy number and claim number are required to access your information. FIGA covers all outstanding claims filed before the company was ordered into liquidation. Policyholders must resolve claims with FIGA within one year after the claim filing deadline. If you are not satisfied with the result of your claim, you can file suit against FIGA before the deadline.

Recent news: Florida home insurance market remains volatile

Florida’s home insurance market remains in flux even after insurance reform bills were signed into law in 2022 and 2023. Over the past year and a half, 15 insurers stopped writing new homeowners insurance policies in Florida, and seven have gone insolvent, according to Mark Friedlander, director of corporate communications for the Triple-I, in a recent Washington Post article. The companies that remain active in Florida will likely have to increase rates to maintain sufficient claims reserves to handle widespread hurricane claims.

Stabilizing an insurance market takes time, and it may be years before homeowners see relief from high-priced homeowners insurance policies or have more carrier options to choose from. Insurance companies find it difficult, if not impossible, to remain solvent in a state where the risk of widespread damage is high, and the risk of crippling litigation is higher. Many in the insurance industry are hopeful that these new laws will begin to solve the Florida homeowners insurance crisis.

While rates remain high, there is a sign that change is on the horizon — Citizens Insurance was able to move over 300,000 policies to private insurers, and new insurance companies are entering the market this year.

Bankrate continues to monitor the evolving situation in the Florida homeowners insurance market to help our readers navigate this challenge. Here's what you need to know:

Florida homeowners insurance developments

Frequently asked questions


Bankrate utilizes Quadrant Information Services to analyze June 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
  • Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
  • Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
  • Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
  • Coverage E, Liability: $500,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 
Rating: 5 stars out of 5
Overall Score
  • Cost & ratings 50%
  • Coverage & savings 30%
  • Support 20%
Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

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Written by
Shannon Martin
Writer, Insurance
Shannon Martin is a licensed insurance agent and Bankrate analyst with over 15 years of experience in the industry. She enjoys helping others navigate the insurance world by cutting through complex jargon and empowering readers to make strong financial decisions independently.
Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute