Florida is a state with a long coast and hurricanes that occur year round. This makes homeowners insurance an important investment. No matter if this is your first time in the state, or if you have lived there for years, understanding how to properly protect your home and family through a homeowners policy is essential.
Florida home insurance policies average $1,981 for $250,000 in dwelling coverage. That's about 39 percent above the national average $1,428. Comparing prices is the best method to find an affordable policy for your home.
The best Florida home insurers offer great coverage and customer service. J.D. Power tend to have a more stable financial situation and offer excellent customer service. This can help you save money over time.
Check for discounts
There are many Florida insurance companies that offer discounts on home insurance. These discounts could lower your rates. Included are discounts on new policies, discounts on new homes, and discounts if you install hurricane-protection devices at your home.
Credit score improvement
Your credit score has a significant impact on your rate, so improving it is an easy way to lower your premiums. Paying your bills on-time and not carrying a high credit card balance can help you raise your score.
Consider bundling your policies
Some Florida home insurance companies will offer a discount for insuring your auto and home with them, which can be a huge savings over the course of a year. It will also reduce the windstorm portion of homeowner's insurance, as a bundle may lower your deductible.
Add protection devices to your home
Insurance rates can be reduced by adding a smoke alarm, deadbolt or burglar alarm. These devices reduce the likelihood of fire and theft. It's especially important if you live in a high-risk area where a burglary is a common occurrence.
Protect your home from storms
Having your home inspected by a wind mitigation inspector can help you assess the condition of your roof and siding. A qualified expert may also offer tips for lowering the cost of homeowner's insurance by improving your home’s wind defenses.
Get a free quote!
Liberty Mutual, a national top-rated insurer, has more than 100 years' experience and an AM Best A+ rating. It's a top recommendation for Florida home insurers because it offers great customer service, a range of options for coverage and a set of discounts.
Be aware that Florida home insurers may not offer all discounts. Make sure to confirm with the company you choose to get the best deal.
Although the cost of homeowners insurance in Florida isn't bad, it is still higher than average. This should be taken into consideration. Tower Hill provides the lowest Florida homeowners insurance rates. Citizens is the most expensive for owners of dangerous dog breeds.