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May 11, 2021, 5:04 p.m. EDT

Best homeowners insurance in Florida (2021)

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By Home Media

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Hurricane coverage: Yes

Discounts: Wind mitigation, age of home, age of roof (shingles), fire alarms, burglar alarms, senior citizen discount, home and auto insurance bundling

Additional coverage: Flood, umbrella liability rider up to $2 million

Best for high-value homes: Chubb

Chubb is a global premium insurance company based in Switzerland, but with domestic headquarters in New Jersey. Chubb’s rates may be more expensive than many competitors, but its service is often above and beyond what one would normally expect from an insurance company. Chubb pledges to make contact within 24 hours of a loss, and most claims are paid within 48 hours. In addition, Chubb offers complimentary risk consulting services, through which an agent can examine your home to identify potential weaknesses and pre-emptively protect your belongings. Many items and services that are usually additional coverage options are included with a Chubb policy, such as sump pump backup.

Pros Cons
Most comprehensive coverage in the industry More ideal for high-value homes
Dozens of complimentary services More expensive than many competitors
Cash settlement option

Hurricane coverage: Yes

Discounts: Bundling home and auto, burglar alarm, fire alarm, new house, renovated house, gated community, gated community patrol service, residential sprinkler system, fire resistive, masonry construction, loss free, storm shutter, suburban rating

Additional coverage: Personal liability with coverage up to $100 million, flood protection up to $15 million

Best flood protection: Lighthouse Property Insurance

Lighthouse Property Insurance was founded in 2008, but it has already added 170,000 homes to its list of protected properties. When Hurricane Florence struck in 2018, Lighthouse paid more than $92 million toward more than 6,000 claims, an high number for a relatively small provider. Lighthouse is also backed by 14 reinsurance partners, making it a financially stable provider. Lighthouse is able to pay claims no matter how catastrophic an event. Additional coverage with Lighthouse can be bundled with the Titanium Package, which increases coverage in several categories.

Pros Cons
Financially backed by several larger providers No bundling with auto insurance option
Extensive discounts available Relatively new company
Flood insurance available

Hurricane coverage: Yes

Discounts: Claim-free for three years, concierge claim service, electronic discount, bundling with flood insurance, fire and burglar alarms, gated community, senior citizen and retiree, indoor sprinkler system, wind mitigation

Additional coverage: Flood insurance, animal liability, personal injury, damage to property of others, credit card and forgery, water backup, watercraft coverage, lock replacement, personal computer coverage

The bottom line

As a Florida homeowner, you know how important homeowners insurance is for protecting your home and finances in the case of an emergency. After an in-depth look at dozens of home insurance providers and policies, we chose Security First as the top choice in the state as a local company dedicated to Florida’s unique needs. Though it doesn’t offer discounts as large as its national competitors, Security First’s flexible hurricane deductibles are a useful feature and its add-ons for flood coverage and water backup are competitively priced.

However, it is important to compare your options for yourself, as your coverage and costs will vary based on a number of factors. Whatever your needs, we recommend getting quotes from at least three insurers before choosing your home insurance policy. Get instant quotes from insurers by entering your ZIP Code here or calling 855-948-5219 .

What factors affect home insurance rates in Florida?

Florida has one of the highest homeowners insurance rates in the country. This is largely because the Sunshine State and its coastal cities are particularly susceptible to hurricanes. In fact, 113 hurricanes have made landfall in Florida in the last 170 years, more than any other state.

The cost of home insurance accounts for the extreme damage potential of a storm. Due to a spike in claims for hurricanes over the last four years, increased litigation and the recently proposed Senate Bill 76 — which may dramatically change how companies reimburse for roof damage — rates have spiraled even higher recently.

Surprisingly, hurricanes are not the most common natural disaster in Florida; wildfires are among the most commonly declared natural disaster in the state.

You can reduce the cost of your Florida home insurance policy by taking steps to make your home more wind resistant, installing storm shutters and adding fire protections including smoke detectors, alarms and indoor sprinklers. To get a quote based on your situation, use this online tool or call 855-948-5219.

Frequently asked questions

What is a deductible?

A deductible is present in every home insurance policy. It is the amount of money that you pay for a certain claim; your provider will pay the rest. If your deductible is $1,000, you will pay that amount when repairs are made, even if the repairs cost much more. Your provider will pay the rest, up to your predetermined limit. Often, choosing a higher deductible will grant you a lower monthly or annual premium.

What factors besides my location and home size can affect my rate?

Home insurance companies consider dozens of factors when deciding your coverage and premiums. Many insurance companies in Florida give discounts to homeowners whose homes feature wind mitigation technology. Renovations to your roof and other parts of your home can also affect your rate, as well as your proximity to a fire station and fire hydrant.

Does my home insurance policy cover flooding?

Usually, flood insurance is a separate policy from your general home insurance policy that will need to be purchased separately if you want coverage against flooding. Fortunately, many companies will give you a discount when you bundle your flood and home insurance.

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