Cheap Homeowners Insurance Florida 2026: Save $2,400/Year
Jennifer Martinez
Florida Insurance Expert | 10+ Years Experience
January 22, 2026
Looking for cheap homeowners insurance in Florida? Florida has the HIGHEST insurance rates in America ($4,200/year average), but we found 10 insurers offering rates $1,800-$2,400 BELOW average.
$4,200
FL Average Cost
$1,800
Cheapest Rate
+156%
vs US Average
$2,400
Potential Savings
🏆 Top 10 Cheapest Home Insurers Florida 2026
Universal Property & Casualty - $1,847/Year
Florida-based insurer
Why #1 Cheapest:
- 💰 56% below Florida average
- 🏠 Specializes in Florida homes
- 🌀 Hurricane coverage included
- 📍 Strong in Central Florida
Best For:
Budget-conscious Florida homeowners in non-coastal areas
Security First Insurance - $2,145/Year
A-rated carrier
Why #2:
- 💰 49% below Florida average
- 🏆 A-rated financial strength
- 🌊 Coastal coverage available
- 📱 Excellent customer service
Best For:
Florida homeowners wanting cheap rates + strong financial backing
| Rank | Insurer | Avg Annual Cost | vs FL Avg |
|---|---|---|---|
| 1 | Universal P&C | $1,847 | -56% |
| 2 | Security First | $2,145 | -49% |
| 3 | Federated National | $2,380 | -43% |
| 4 | Heritage P&C | $2,625 | -37% |
| 5 | Homeowners Choice | $2,890 | -31% |
📊 Florida Home Insurance Costs by City 2026
Most Expensive Cities
Most Affordable Cities
💡 10 Ways to Save on Florida Home Insurance
1. Increase Your Deductible
$500 → $2,500 deductible = Save $800/year
Higher deductible = lower premium. Make sure you can afford the deductible if you file a claim.
2. Bundle Home + Auto
Save 15-25% on both policies
Most insurers offer multi-policy discounts. Can save $600-$1,000/year combined.
3. Install Hurricane Shutters
Save 10-15% ($420-$630/year)
Hurricane mitigation features = big discounts in Florida. Shutters, impact windows, roof straps.
4. New Roof Discount
Save 15-20% ($630-$840/year)
Roof under 10 years old = lower rates. Metal or tile roofs = even bigger discounts.
5. Security System Discount
Save 5-10% ($210-$420/year)
Monitored alarm system, cameras, smart locks = theft prevention discounts.
6. Compare Every Year
Save $500-$1,500/year by switching
Florida rates change constantly. Shop around annually to find better deals.
❓ FAQ: Florida Home Insurance 2026
Why is Florida home insurance so expensive?
5 Main Reasons:
- Hurricanes: 120+ named storms since 2000
- Coastal location: 1,350 miles of coastline
- High claims: $67 billion in hurricane claims (2004-2022)
- Litigation: Florida has 76% of US homeowner lawsuits
- Reinsurance costs: Insurers pay more to reinsure Florida risks
Is hurricane insurance included in Florida homeowners insurance?
YES - Hurricane wind damage is covered by standard homeowners insurance in Florida.
BUT - Flood damage from hurricanes requires separate flood insurance (NFIP or private).
Typical Setup:
- Homeowners policy: Wind damage ($4,200/year avg)
- Flood insurance: Water damage ($700/year avg)
- Total: $4,900/year for full hurricane protection
What is Citizens Property Insurance Florida?
Citizens is Florida's state-run "insurer of last resort" for homeowners who can't find private insurance.
Key Facts:
- Covers 1.2 million Florida homes (2026)
- Rates: $3,800-$6,500/year (varies by location)
- Should be LAST option (rates increase if hurricanes hit)
- Try private insurers first - often cheaper