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).

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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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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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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State Farm is a trusted name in the insurance space. With decades of experience, it has become one of the largest homeowners insurance companies in the U.S. Just note that quotes are not available online in Florida so you must go through a local State Farm agent.

Average cost in Miami-Dade County

$4,480

Average cost in Orange County

$2,084

Average cost in Palm Beach County

$3,621

Average cost in Hillsborough County

$2,521

Average cost in Broward County
$4,114

NAIC Complaint Index

0.68, below average

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Tower Hill is headquartered in Gainesville, Florida and has been offering homeowners coverage in the Sunshine State for over 50 years. The company has expanded into over a dozen other states including Texas, Georgia, Mississippi and South Carolina.

Average cost in Miami-Dade County

$3,134

Average cost in Orange County

$1,066

Average cost in Palm Beach County

$2,180

Average cost in Hillsborough County

$1,376

Average cost in Broward County
$3,089

NAIC Complaint Index

1.66, above average

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Liberty Mutual has been helping cover Americans for the past 100 years and has become a trusted name for homeowners insurance, including in Florida.

Average cost in Miami-Dade County

$3,487

Average cost in Orange County

$1,817

Average cost in Palm Beach County

$2,672

Average cost in Hillsborough County

$1,998

Average cost in Broward County
$2,828

NAIC Complaint Index

1.6, above average

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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.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. To research the best insurance companies, we compiled over 50 data points on more than a dozen insurance companies. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best Florida homeowners insurance companies. 

To determine the best homeowners insurance companies in Florida, CNBC Select analyzed dozens of insurance companies and compared them based on various factors.

While narrowing down the best insurance companies, we focused on a sample premium for $150,000 of coverage for a home built before 2001 with wind mitigation features in five of the most populated Florida counties. Average annual premium data was gathered from the Florida Office of Insurance Regulation’s Homeowners Rate Comparison Tool.

We also considered the companies’ availability of online quotes, financial strength ratings from A.M. Best and complaint index scores from the NAIC.

Note that the premiums and policy structures advertised for homeowners insurance companies are subject to fluctuate per the company’s policies.  

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