By Sorting through the list of top homeowners insurance companies in Florida can be a challenging task due to the variety of options available.
This is why I have taken the pain to craft this publication on the best homeowners insurance companies in Florida this 2021.
It is undeniable that homeowners and landlords in Florida have suffered devastating damages to their homes. These damages have necessitated the need for homeowners insurance in Florida and we can overemphasize it.
This post covers a brief introduction to the homeowners’ insurance policy, homeowners insurance rates in Florida, and the top homeowner’s insurance companies in Florida.
What Homeowners Insurance is About
Homeowners insurance is a policy that insures your house and belongings when a destructive event takes place.
Typically, your homeowners insurance not only covers the cost of the building or structure and your belongings when they are destroyed. It also covers liabilities too.
Suppose you or a family member or guest gets injured during the event of a covered peril, liabilities and medical expenses will be catered for by your homeowners insurance company.
Destruction to your home or belonging and casualties caused by any of the following events are covered:
- Fire
- Vandalism
- Theft
- Freezing
- Smoke
- Civil Riots
- Windstorm
- Hail
- Flood
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Homeowners Insurance Rates in Florida
The average homeowners insurance rate is between $500 and $1800. The rates fall between this range with different companies falling into the rates line.
Now to the list of homeowners insurance companies in Florida after which I would show you my pick of the best.
Full List of Top Homeowners Insurance Companies In Florida
You can get home insurance from any of these companies below:
- Allstate
- American Integrity Insurance
- Chubb
- Citizens Property
- FedNat
- Florida Peninsula Insurance
- Heritage Property Insurance
- Homeowners Choice
- Security First
- State Farm
- St. Johns
- Progressive/ASI
- Tower Hill
- UPC Insurance
- USAA
Best Homeowners Insurance Companies In Florida
If you want to get the best cover for your home in Florida, the companies below provided the most comprehensive coverages.
- State Farm
- Chubb
- UPC Insurance
- Security First
State Farm
With strong customer reviews, fewer complaints, and fast claims resolution, State Farm is the best homeowners insurance company to get your home insured.
The average price of home insurance at State Farm is $710 annually and they are less expensive than most Florida based insurance companies.
A.M. Best Rating Services, an agency that rates insurance companies in the US, gave State Farm the highest rating possible of ‘A++’. You can be sure State Farm will not shy away from paying claims.
In addition to their sale of homeowners insurance, State Farm also sells renters insurance policy and are a great option for:
- Auto insurance
- Renters insurance
- Flood insurance
- Life insurance
- Health insurance
- Checking accounts
- Savings accounts
Chubb
Chubb provides home insurance for people with high-value homes and properties. They are also unrivaled in their customer service and prompt claim resolutions.
One of the many interesting benefits of using Chubb is the cash settlement option. The cash settlement option allows you to take an all-cash compensation when a covered total loss occurs.
The company gives its policyholders home appraisals and tips to guard their homes against fire outbreaks, theft, and vandalism.
Chubb does not insure just any home. They only cover homes with a high-value rate.
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UPC Insurance
The United Property and Casualty (UPC) Insurance has a unique specialty as far as homeowners insurance is concerned.
UPC specializes in providing insurance for homes located close to the ocean. These homes are susceptible to the impact of hurricanes and floodings.
Standard homeowners insurance won’t cover the things UPC covers. Although they have a backdrop of complaints, they are still a preferred choice if you have your home situated along the ocean.
The average annual insurance rate at UPC is $1,359 which is fair for the risk being insured.
Security First
Security First makes it one of my picks in this regard and this is because they are the cheapest homeowners insurance company in Florida.
They hold the position of cheapest homeowners insurance company in Florida thanks to the $519 per year premium cost.
The company offers the usual coverage of most home insurance companies. There is no particular difference in modus operandi from others.
So Security First is the go-to company for cheap, affordable homeowners insurance if you are not concerned with more comprehensive coverage features.
How to Find the Worst Home Insurance Companies in Florida
You may not know who’s the worst home insurance company in Florida or even in the United States as a whole if you are fixated on the premium alone. Today, we want to give you other things to consider when you are looking for a homeowners’ insurance company to avoid in 2021.
- You will need to consider the ease with which you reach an agent to handle the claim.
- What was the insurance agent’s courtesy like?
- Promptness of response and attentiveness in handling the claim.
- The simplicity of the claims process (number of steps, amount of work etc.). You may need to read this guide to learn how to fill a home insurance claim.
- Damage amount: Satisfaction with the company’s estimate of the dollar amount of damages.
- Timely payment: Satisfaction with timely payment by the insurer.
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Conclusion
Now you have it. The best homeowners insurance companies in Florida, 2021. The average home insurance rates are best calculated using the zip code you submitted when requesting the best home insurance quote near you.
State Farm shines out as best overall, Chubb is for high-value properties, UPC insures flood-prone houses, and Security First is best for being cheapest.
