HomeHome InsuranceBest Homeowners Insurance in Florida of May 2024

Best Homeowners Insurance in Florida of May 2024

Homeowners insurance in Florida has become more expensive and sometimes harder to get. Several major insurers like Farmers Insurance have stopped writing new homeowners policies in the Sunshine State altogether due to rising losses from hurricanes and other natural disasters. However, several companies still stand out for their coverage in Florida.

To make your search easier, CNBC Select reviewed the top picks for Florida homeowners insurance based on cost, coverage and service. (See our methodology for more information on how we chose the best Florida homeowners insurance companies).

Best homeowners insurance in Florida

Compare homeowners insurance companies

Best for customer satisfaction  

State Farm Homeowners Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • Maximum coverage

  • App available

  • Policy highlights

    State Farm’s homeowners insurance offers coverage that’s easy to bundle with other types of insurance and covers things like fire, theft or vandalism. It offers several discounts for home security systems and wind mitigation.

  • Does not cover

    Business or professional services, damage from flooding or underground water, earthquakes or mudslides, settling or deterioration, and animals, birds or insects.


  • Lots of optional coverages available
  • Ability to bundle policies and save with auto or term life insurance policies


  • Online quotes not available in all states
  • Does not offer new homeowners insurance policies in California

Who’s this for? For those wanting homeowners insurance with the ability to bundle their policies, State Farm offers coverage for Florida homes.

Standout benefits: State Farm has high ratings for customer service in J.D. Power’s home insurance study and has a relatively low complaint index according to the National Association of Insurance Commissioners (NAIC) database. It also offers many optional add-on coverages, making State Farm policies highly customizable.

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Best for affordability  

Tower Hill Homeowners Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • App available

  • Policy highlights

    Tower Hill offers homeowners insurance for those in Florida with affordable prices. It offers the ability to pay bills file claims, and get quotes online.


  • Offers affordable rates for homeowners in Florida


  • Doesn’t offer auto insurance to bundle coverage and save

Who’s this for? Florida homeowners prioritizing value can find affordable coverage with Tower Hill Exchange.

Standout benefits: Tower Hill offers several discounts for having an auto insurance policy with Safeco, as well as discounts for those living in gated communities or senior communities and those who have installed wind mitigation features.

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Best for discounts 

Liberty Mutual Homeowners Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • App available

  • Policy highlights

    Liberty Mutual homeowners insurance offers customizable policies with optional features like hurricane damage, water backup and inflation protection coverage. Discounts for newly purchased homes and bundling home and auto insurance can help owners save.


  • Policies are available in all 50 U.S. states


  • Online quotes can be limited in some states

Who’s this for? Liberty Mutual offers numerous discounts, including a 10% discount for purchasing your policy online and a discount for remaining claim-free for at least three years.

Standout benefits: The company also offers auto insurance which could be a plus for those wanting to keep their auto and home insurance policies under one company. Liberty Mutual also offers flood insurance through the National Flood Insurance Program (NFIP).

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More on our top Florida homeowners insurance companies

State Farm  

Tower Hill

Liberty Mutual


What is the average cost of homeowners insurance in Florida?

The average Florida homeowner with $300,000 of dwelling coverage pays about $5,770 per year according to Bankrate data.

Do I need flood insurance in Florida?

If you want to be covered in the event of a flood, you’ll need to buy a separate flood insurance policy, as a standard homeowners insurance policy most likely won’t cover flooding.

What if I cannot get homeowners insurance?

If you’re having trouble getting homeowners insurance through private companies, you might want to try a Fair Access to Insurance Requirements (FAIR) Plan. Most states, including Florida, have FAIR plans. However, you’ll want to try all your options first as FAIR coverage may be more expensive than other homeowners insurance options.

Is it mandatory to have homeowners insurance in Florida?

Florida doesn’t require homeowners insurance by law, but if you have a mortgage, your lender will likely require you to have a policy.

Bottom line  

Homeowners insurance in Florida might be more expensive than in other states, but comparing quotes from shopping with several top companies can help you save.

Why trust CNBC Select? 

Our methodology  

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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