How Much Is the Average Cost of Home Insurance in Florida?

The average cost of home insurance in the US is $1,192, as per the data from the National Association of Insurance Commissioners (NAIC). But because of regional weather risks, such as hurricanes and fires, the cost of home insurance varies significantly by state.

According to the NAIC’s Home Insurance Report from 2016, Florida’s average premiums cost $1,918. It ranked 3rd in the most expensive home insurance premiums among the states in the US.

Why Do You Need Home Insurance?

Home insurance allows you to have a backup plan in case something catastrophic happens in your neighborhood, such as fire, storms, or even burglary.

While it may seem that home insurance in Florida is quite expensive, it is crucial to have it. Natural disasters in Florida are a common occurrence each year and can cause severe damage to homes.

Moreover, Florida placed 5th as the most disaster-prone state in the United States, and that gives you more reason to get home insurance. The state is a peninsula located along the Atlantic, which makes it a prime location for storms, especially hurricanes.

What Are The Different Types of Home Insurance Policies?

There are three main types of home insurance policies. These are:


Dwelling coverage is an insurance that protects the home itself, which includes the floors, walls, ceilings, as well as built-in appliances. It also covers rebuilding or repairing your home if damage occurs from certain qualifying events such as theft, vandalism, fire, or severe wind.

Personal Property

Personal property coverage covers the cost of any possessions in your home. For instance, if personal items such as jewelry, clothes, and furniture get damaged or destroyed by a qualifying event, the insurance will cover the cost of replacement.

Personal Liability

Personal liability coverage protects homeowners from lawsuits against body injuries sustained in your home.

Other Optional Home Insurance Coverage

  • Flood insurance
  • Earthquake insurance
  • Replacement cost plus
  • Water backup of sewer

Does The Law Require Florida Homeowners To Have A Home Insurance?

The state of Florida does not require homeowners to get insurance when they purchase a home. However, if you opt to get a mortgage loan, your lender will most likely require you to have one.

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As a lover of interior design and woodwork, loves blogging and sharing her knowledge. That includes antique wood work, interior design, art and more.

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