The top homeowners insurance providers in Florida.
Florida homeowners insurance has become more expensive and difficult to obtain. Despite this, some major insurers, such as Farmers Insurance, have stopped offering new policies in the state due to increasing losses from natural disasters. Nevertheless, several companies continue to provide coverage in Florida.
Our review of the top picks for Florida homeowners insurance considered cost, coverage, and service. (For more details on our methodology, see here.)
Compare homeowners insurance companies
Best for customer satisfaction
For individuals seeking homeowners insurance that allows for policy bundling, State Farm provides coverage for homes in Florida.
State Farm's home insurance policies are highly customizable due to the many optional add-on coverages they offer. Additionally, State Farm has received high ratings for customer service from J.D. Power and has a low complaint index according to the NAIC database.
Best for affordability
Affordable coverage for Florida homeowners prioritizing value can be found with Tower Hill Exchange.
Tower Hill provides various discounts for policyholders with Safeco, residents of gated or senior communities, and those who have installed wind mitigation measures.
Best for discounts
What are the discounts offered by Liberty Mutual? Liberty Mutual provides a 10% discount for purchasing policies online and a discount for maintaining a claim-free record for at least three years.
Liberty Mutual provides auto, home, and flood insurance, making it convenient for customers to keep all their policies under one company.
More on our top Florida homeowners insurance companies
State Farm
State Farm is a well-known brand in the insurance industry, having been in business for many years and now being one of the largest homeowners insurance providers in the U.S. However, it's important to note that quotes are not available online in Florida, so you must contact a local State Farm agent for assistance.
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
Tower Hill
For more than 50 years, Tower Hill has been providing homeowners coverage in Florida and has since 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
Liberty Mutual
For over a century, Liberty Mutual has been a reliable source of homeowners insurance for Americans, including those 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
Bottom line
Comparing quotes from several top homeowners insurance companies in Florida can help you save, despite the higher cost compared to other states.
Why trust CNBC Select?
Our mission at CNBC Select is to deliver high-quality service journalism and comprehensive consumer advice to help our readers make informed decisions with their money. We base every insurance review 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 uphold our journalistic standards and ethics. For more information on how we choose the best Florida homeowners insurance companies, see our methodology.
Our methodology
In order to identify the top homeowners insurance providers in Florida, CNBC Select conducted a thorough examination of numerous insurance companies and evaluated them based on multiple criteria.
We gathered average annual premium data for a home built before 2001 with wind mitigation features in five of the most populated Florida counties, using the Florida Office of Insurance Regulation's Homeowners Rate Comparison Tool while narrowing down the best insurance companies.
We evaluated the companies based on their online quote availability, financial strength ratings from A.M. Best, and complaint index scores from the NAIC.
Homeowners insurance companies offer varying premiums and policy structures that may change over time.
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