Home Insurance Companies in Florida

Whether you’re in Florida, or just looking for a home insurance policy online, it’s important to choose the right company. Florida homes pose unique risks, and insurance coverage can be limited to certain zip codes, home types, and safety features. In order to determine the right home insurance company for your needs, speak with a local insurance agent or broker. Some home insurance policies may only be available to homes in particular ZIP codes, while others may be bundled with other policies.

In addition to determining which homeowners insurance policy is best for your situation, it’s important to know what disasters are excluded from the coverage. Flood damage, for example, is not covered by standard homeowners insurance policies. If your area suffers from flooding, it’s wise to purchase flood insurance. In some areas, the lender may even require you to purchase flood insurance. Ultimately, it’s important to know exactly what your coverage includes to make sure you’re protected.

Travelers is the top home insurance company in Florida and has been in business for over 150 years. It has an A++ financial strength rating and offers several unique features, including an eco-friendly home policy rider that pays for alternatives to fossil fuels after an incident. It also offers a declining deductible, which is great news for Florida homeowners, as it will give you $100 in credit every year regardless of whether you file a claim. Additionally, this insurer has highly customizable coverage. You can choose the amount of coverage you need and even customize it to your exact specifications.

Tower Hill is another insurer on the list, with coverage for homes in seventeen states. Based in Gainesville, Florida, Tower Hill offers standard policies as well as high-value coverage through the Prime Plus and Spire programs. As a result, you may choose to add an additional endorsement to your policy, such as coverage for screened enclosures. Among the other companies on the Florida home insurance list, Tower Hill has the lowest rates in the state. The company has fewer complaints than the average and also offers additional coverages, such as debris removal and earthquake insurance.

Citizens Insurance is another high-quality insurer, ranking first in customer satisfaction and second in claims, but it is impossible to compare the rates of this insurer online because it does not have an online quote tool. In addition to this, NerdWallet cannot access Citizens’ average rates, which are approximately 20% higher than the average of other insurers in Florida. If you’re a veteran, USAA is your best option. The median MoneyGeek score for this insurer is 95.

There are many reasons to bundle your insurance policies, but the best option is to compare rates and benefits from several different providers. In some cases, it’s possible to save up to 20 percent by bundling your insurance policies with another. You may also lower your premium by installing protective devices such as hurricane glass, accordion shutters, and more. Additionally, you may want to consider raising your deductible to ensure that you don’t have to pay more than necessary.

While many home insurance policies are affordable, the price of coverage depends on your risk factors. In Florida, the average price for dwelling coverage is $1,648 a year, 19% more than the national average. However, the price of insurance may vary dramatically depending on location, age, and other factors. In coastal Miami, for example, premiums may be $3,090 a year, while rates in inland Orlando can be as low as $1,432 a month.

While many homeowners insurance companies in Florida are highly-rated, there are a few that deserve special attention. Universal, State Farm, and Kin Interinsurance are the top four home insurance providers in the state. These companies have the largest network of agents and a high financial strength rating. You may also be able to qualify for discounts if your home was built with impact-resistant roofing materials. Regardless of what type of home insurance policy you choose, there are many benefits and advantages to choosing State Farm as your insurance provider.

American Family, one of the oldest homeowners insurance companies in Florida, is another good option. It joined the homeowners insurance industry in 1958, and has A-level ratings from AM Best. Its online resources make it easier to compare quotes without a social security number. They offer several endorsements, discount programs, and coverage for hidden water damage. The company has many locations throughout Florida, so you can easily find one in your area.