best and worst homeowners insurance companies in florida: The research examines both top-performing and underperforming homeowners insurance providers across Florida for 2025 based on their cost-effectiveness and customer interactions and policy choices and financial steadiness. Measuring homeowners insurance in Florida proves difficult because of the specific market conditions that include significant hurricane dangers in combination with flooding incidents along with high court costs. This analysis relies on fresh information from respected sources to supply accurate and up-to-date assessments which were compiled on April 9, 2025.
Market Context and Challenges
The homeowners insurance premiums in Florida amount to $5,340 per year which represents three times the national standard of $2,242 (Bankrate). Home insurance in Florida averages $5,340 annually due to its position as the fourth most disaster-prone state in the nation where FEMA declared disasters reached 39 and natural disasters displaced 463.1 people per 100,000 residents (Forbes Advisor). Florida deals with extensive insurance litigation challenges because it receives 9% of homeowners insurance claims across the U.S. yet insurers face 79% of all lawsuits as per an Insurance Information Institute (NerdWallet) analysis in 2022. The Florida legislature proposed market stabilization through lawsuit prevention during 2022 yet premium prices keep increasing at a rate of 33% annually versus 9% for the rest of the country (Forbes Advisor).
More than twelve insurance providers left the market either by canceling their operations or reducing their policy coverage or announcing business closure (Insurance.com). The rise in policyholders at Citizens Property Insurance Corporation has become significant until it reached 1.3 million memberships after the state government backed this insurer as the last protector (Forbes Advisor). However, concerns persist regarding its long-term financial sustainability despite its current $4.5 billion capital reserves.
best and worst homeowners insurance companies in florida
Best Homeowners Insurance Companies in Florida
Recent analysis ranks these insurance providers as the top choices for Florida homeowners in 2025 because they offer affordable policies combined with excellent service alongside specific coverage for state risks.
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State Farm
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State Farm stands as one of the most reliable insurance providers according to J.D. Power’s 2025 survey which received a score of 643/1,000 (Bankrate). The insurance coverage from State Farm extends beyond basic essentials to include protection against wind damage along with voluntary water backup and umbrella policy options that Florida citizens need because of their storm-prone conditions. The property insurance premium for $300,000 dwelling coverage from State Farm stands at $2,090 each year which is less than the state-wide average while the company maintains 200 Florida-based offices (Bankrate, CNBC Select).
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The company stands out because its customers demonstrate high satisfaction while clients access agents locally and find its rates competitive.
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Tower Hill
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The affordable nature of Tower Hill Insurance Company stands out because its $300,000 coverage costs $4,905 annually on average (Bankrate) yet the lowest available premium for $150,000 coverage reaches only $1,066 annually (CNBC Select). The insurance company focuses on serving Floridian customers through specialized coverage for hurricanes and provides flexible additional options that include landscaping protection and trampoline liability coverage. Customer complaints about Tower Hill insurance remain low per NAIC data which implies good service quality yet the insurer does not receive ratings from J.D. Power nor Bankrate or CNBC Select.
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The chief advantages of this company include its budget-friendly rates designed for Florida residents but there are no direct online price inquiries available only through local agents.
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Progressive
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Forbes Advisor has determined that Progressive maintains the title of being the most budget-friendly insurance provider while charging policyholders between $750 for $200,000 coverage and up to $2,150 for $750,000 coverage. Progressive gives homeowners the advantage of saving money with safety system and new home discounts in addition to policy comparison tools such as HomeQuote Explorer and the opportunity to obtain price reductions with safety systems and new homes. Forbes Advisor reports that the company has reduced its service in particular high-risk coastal regions by stopping renewals for specific policies.
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Homeowners seeking affordable coverage should choose Progressive because the company provides the lowest rates but operates with constraints in specific geographic areas.
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Chubb
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Consumers choose Chubb Insurance because of its premium position in the high-end home market where they pay $7,354 yearly for $300,000 coverage (Bankrate). Chubb offers extended replacement cost insurance together with flood coverage up to $15 million and free inspections under its top J.D. Power rating of 688/1,000 among the listed insurance providers. AM Best (Bankrate) acknowledged Chubb Insurance Company with its A++ (Superior) financial strength rating (Insurance.com).
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The premium expense of Luxury property coverage from Chubb Insurance tends to be higher than other plans though it offers enhanced protection benefits.
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Liberty Mutual
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Liberty Mutual presents affordable rates while consumers can expect to pay $1,817 per year for $150,000 coverage (CNBC Select). Customers interested in saving money will appreciate Liberty Mutual because the company offers many discounts for both bundled coverage and payment methods and having no insurance claims. The insurance provides dependable coverage for Floridians despite not emphasizing specific state threats (CNBC Select).
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The company offers various discounts and maintains competitive prices despite having general coverage that does not specialize in hurricane protection.
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Cheapest Options: Detailed Comparison
For homeowners prioritizing cost, the following table lists the cheapest companies based on average premiums for $300,000 dwelling coverage, compared to the state average of $5,340 (Bankrate):
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Company
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Avg. Premium Monthly
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Avg. Premium Yearly
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Difference from State Average Yearly
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|---|---|---|---|
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State Farm
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$174
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$2,090
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– $3,250
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Security First
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$326
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$3,916
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– $1,424
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American Integrity
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$397
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$4,762
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– $578
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Tower Hill
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$409
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$4,905
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– $435
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Florida Peninsula
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$430
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$5,165
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– $175
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Homeowners who put cost first should review the table which shows the most affordable companies for $300,000 dwelling coverage against the statewide average premium of $5,340 (Bankrate).
Worst Homeowners Insurance Companies in Florida
Multiple insurance companies operating in Florida currently encounter major difficulties which reduces their appeal for customers. The selection is made through three criteria including high costs alongside customer complaints and market instability levels.
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Citizens Property Insurance Corporation
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Since other insurers left the market Citizens Property Insurance Corporation expanded its customer base to reach a total of 1.3 million policyholders. Various sources indicate Citizens Property Insurance Corporation maintains high annual rates at $8,722 yet provides few options for coverage and discounted benefits (historical data from Forbes Advisor). Although Citizens holds $4.5 billion in funds these monies remain insufficient to address high-risk property insurance issues (Forbes Advisor, Bankrate).
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The market has witnessed multiple insurance carriers suspend their business operations or reduce their presence within Florida’s insurance industry.
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Companies That Have Left or Scaled Back
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Financial pressures created by hurricane events and flooding and legal expenses have forced over one dozen insurers to leave Florida or reduce their coverage existence. Examples include:
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Almost all Farmers Insurance coverage has been discontinued from Florida because their Florida business proved unsustainable (Insurance.com).
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The company now refuses to renew policies in risky areas which shows the market is shrinking (Forbes Advisor).
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The property and casualty insurance business of Avatar and Southern Fidelity halted its operations causing damage to policyholder protection (indicated through market movement and information from Insurance.com).
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These insurance firms ceased operations because of market instability which has rendered them unavailable for new policy acquisition while making them among the least reliable options.
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Universal Property & Casualty
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The company has made its insurance coverage stricter by refusing to renew multiple policies which primarily affects homeowners with aging roof structures and continues to receive many customer complaints about claims procedures. The company continues to function but its requirements for policy ownership alongside elevated costs diminish its attractiveness based on Insurance.com market insights.
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Challenges: Poor customer service and limited availability in high-risk areas.
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Additional Considerations
The insurance policy needs to protect homeowners from wind damage caused by hurricanes while they should obtain flood insurance separately because floods remain outside regular coverage. Insurance policies come in different availabilities depending on which ZIP code customers choose among areas where providers shrink their operations. Given Florida’s ongoing insurance crisis (Bankrate, NerdWallet) individuals should refer to NAIC complaint data and AM Best ratings when assessing financial stability of insurance providers.
Conclusion
For 2025 State Farm alongside Tower Hill and Progressive alongside Chubb as well as Liberty Mutual form the top homeowners insurance providers in Florida because they present affordable packages with quality coverage adapted to Florida’s specific risks. The current market scenario reveals that Citizens and departed companies such as Farmers stand among the lowest-ranked entities because of their expensive rates combined with market instability. Property owners must evaluate different quotes and check nearby availability because the insurance sector continues to be both tough and unstable.
Author Profile
Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.