What is the average cost of homeowners insurance in Florida? Florida is the most expensive state for home insurance. Its average rate is $3,575, which is nearly $2,350 more than the national average of $1,228 for the coverage level of: $200,000 dwelling coverage.Click to see full answer. Thereof, what is the average cost of homeowners insurance in Florida?Popular Questions about Florida Home Insurance. The average American homeowner pays $1,173 per year for home insurance, but in Florida, the average annual premium is $1,993, making it the most expensive state in which to buy home insurance.Also, what is the best homeowners insurance in Florida? Summed Up: The 6 Best Homeowners Insurance Companies in Florida Tower Hill Insurance Group. State Farm. Citizens Property Insurance Corporation. Universal Insurance Holdings, Inc. FedNat Insurance Company. USAA. Also asked, who has the cheapest homeowners insurance in Florida? Security First offers the most affordable home insurance in Florida — $535 per year. CHEAPEST HOME INSURANCE COMPANIES IN FLORIDA. Company Average 12-Month Rate in Florida Security First $535.33 State Farm $740.31 ASI Preferred $1,332.77 Why is homeowners insurance so high in Florida? Non-hurricane Threats Even without the destruction of recent hurricanes, another significant reason for increased homeowners insurance is sinkhole claims. Florida has more sinkholes than any other state in the nation, causing a new wave of Florida laws to narrow the definition of sinkhole damage.
