Are you searching for the best home insurance companies in Florida? Choosing the right company for your home insurance with the best budget is important. There are many homeowner insurance companies in Florida, but today we will discuss the top-rated Florida insurance companies, which can be a good option if you want to get your home insurance.
Best House Insurance Companies in Florida
The below house insurance companies have a good reputation and offer great coverage, easy technology, and fair prices. These points make them the top choices for home insurance in Florida.
- State Farm: Best Overall
- Travelers: Best for budget
- Allstate: Best for extra coverage
- Chubb: Best for expensive homes and service quality
- Progressive: Best for combining home and auto insurance
- Security First: Best for hurricane protection
- USAA: Best for veterans and military personnel
Top Rated Best House Insurance Companies in Florida
1. State Farm Insurance Company
Overall Rating: 4.8/5
AM Best Rating: A++
JD Power: 877
Annual Premium: $2,528
Quote Access: Online Estimate
Multi-Policy Discount Available: Yes
Phone No: +1(800) 782 8332
State Farm is a top-rated homeowner insurance company in Florida, that offers a wide range of products. They offer home insurance, investments, and banking services, in all 50 states. With an impressive A++ rating, you can trust that you’re in good hands. Their standard home insurance policy covers all the essentials, including your home and property, your possessions, medical expenses, liability protection, and structures on your property, like fences and sheds.
You can also customize your policy with extra coverage options, such as water backup coverage, earthquake insurance, and specialty policies for unique needs.
Pros
A huge collection of online learning materials is available here. You can get extra coverage as well and the 360Value tool helps estimate replacement costs accurately. A large network of local agents for personalized support is available.
Cons
They have limited discounts than many competitors and there’s no online quote available in Florida.
2. Travelers Insurance Company
Overall Rating: 4.3/5
AM Best Rating: A++
JD Power: 853
Quote Access: Online Estimate
Multi-Policy Discount Available: Yes
Phone No: +1 (866) 336 2077
Travelers home insurance protects your home and belongings. They cover your main home, other structures, personal things, and valuable items. They also offer identity theft protection and flood insurance which are sold separately.
You can save money with discounts for having multiple policies, installing safety devices, and not making claims. Travelers offer good coverage and ways to save, making them a great choice for homeowners.
Pros
This insurance company in Florida has a long and stable history, with over 165 years of financial strength and stability. They give many extra coverage options like water backup, jewelry and valuable items, flood insurance, and green improvement.
Cons
You can only get phone quotes during limited hours. They offer no discounts for loyalty, paperless or digital documents, and automatic payments.
3. Allstate Insurance Company
Overall Rating: 4.8/5
AM Best Rating: A+
JD Power: 848
Annual Premium: $3,124
Quote Access: Online Estimate
Multi-Policy Discount Available: Yes
Phone No: +1 (800) 726 6033
Allstate home insurance protects your home and stuff. It covers your house, other buildings on your property, your belongings, and special items. You can choose to cover everything for its full value. They don’t offer earthquake insurance.
Allstate also gives discounts for things like having multiple policies, being a loyal customer, having a home security system, and not making claims. They even offer a discount for new homes. This means you can keep your home and belongings safe and save money too.
Pros
They provide private flood insurance rate protection. It means your rate won’t go up if you make a claim. They also offer helpful online tools.
Cons
Allstate’s policies may not be as flexible as some other companies, and their prices might be higher compared to other insurance providers.
4. Chubb Insurance Company
Overall Rating: 4.4/5
AM Best Rating: A++
JD Power: 801
Annual Premium: $2,370
Quote Access: Agent Only
Multi-Policy Discount Available: Yes
Phone No: +1 (866) 324 8222
Chubb is one of the best house insurance companies in Florida. They offer various insurance products, including homeowners, flood, auto, and specialty insurance. Chubb’s Masterpiece Homeowners Coverage offers extra help with safety checks, repair cost coverage, and vacation home care in hurricane areas.
Pros
They offer very extensive coverage and many free extra services, including the option to settle claims for cash.
Cons
It may not be the best choice for smaller homes, as it can be pricey. Also, in Florida, the state doesn’t regulate their rates, and they can be higher than other insurance companies.
5. Progressive Insurance Company
Overall Rating: 4.5/5
AM Best Rating: A
JD Power: 853
Annual Premium: $3,106
Quote Access: Online Estimate
Multi-Policy Discount Available: Yes
Phone No: +1 (888) 240 9839
Progressive is one of the largest insurance companies in the US. They offer home, auto, and personal insurance. Floridians can benefit from bundling multiple policies with Progressive, saving an average of 4% on their premiums. Additionally, Progressive offers various discounts, including ones for using their preferred contractors and repair services.
Pros
They offer bigger discounts for bundling policies than some other insurance companies. You can ask your queries anytime from their helpline.
Cons
They offer fewer extra coverage options. They don’t issue their own insurance plans, but work with other companies to provide coverage.
6. Security Fist Insurance Comapny
Overall Rating: 4/5
AM Best Rating: N/A
JD Power: N/A
Annual Premium: $1,410
Quote Access: Online Estimate
Multi-Policy Discount Available: Yes
Phone No: +1(877) 333 9992
Security First is a Florida-only insurance company. They specialize in protecting homes from hurricanes and flooding. Security First focuses solely on providing personalized local service and tailored coverage. It offers hurricane deductibles (2%, 5%, or 10%) and separate flood insurance.
Pros
Security First offers discounts that others may not, like a discount for living in a gated community. They also offer special coverage for lost or misplaced personal items, which is a unique benefit.
Cons
Customer support is not available 24/7, but you can file claims at any time. Their premiums may be higher than average in South Florida compared to other competitors.
7. USAA Insurance Company
Overall Rating: 4.5/5
AM Best Rating: A++
JD Power: 874
Annual Premium: $1,410
Quote Access: Online Estimate
Multi-Policy Discount Available: Yes
Phone No: +1(855) 956 0721
USAA offers insurance and other products to only military personnel, veterans, and their families. The policies of this company cover the home, structures like garages and personal things. You can also add flood and earthquake coverage.
Pros
Standard homeowners insurance includes replacement cost coverage and identity theft protection up to $5,000.
Cons
Optional coverages are limited. Only military members, veterans, and their families can get USAA membership and homeowners insurance.
Frequently Asked Questions (FAQs)
What are The Top 5 Insurance Companies in Florida?
According to a well-researched survey, the top 5 insurance companies in Florida are State Farm, Allstate, Chubb, Security First, and USAA.
Who is The Largest Home Insurance Company in Florida?
Universal Property and Casualty Insurance Company is the largest home insurance company in Florida.
Which Insurance Company Has The Highest Customer Satisfaction in Florida?
State Farm with an A++ AM Best Rating and JD Power of 877 is a great option for those who value excellent customer service.
Who Still Offers Home Insurance in Florida?
State Farm, Allstate, Chubb, and Tower Hill offer home insurance.
Why is Florida Home Insurance So Expensive?
Florida’s insurance challenges are driven by natural disasters, high reinsurance costs, and a lawsuit-friendly environment. This combination leads to higher insurance costs and challenges for insurance companies.
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