Top Homeowners Insurance Companies in Florida

Best Homeowners Insurance Companies in Florida

Finding effective homeowners insurance in Florida can be challenging due to the state’s susceptibility to natural disasters. U.S. News & World Report has compiled a list of the top homeowners insurance companies, providing insight into which insurers are best equipped to handle claims.

The ranking considers factors such as availability, rates, coverage options, company reviews, and consumer surveys. Here are the top companies:

1. USAA — 5/5

   • Pros: Replacement cost and identity theft coverage are standard; special coverage for active-duty military members.
   • Cons: Policies only available to military community members; discounts not available nationwide. USAA excels in customer satisfaction and offers comprehensive coverage options, including identity theft protection and dwelling/personal property replacement.

2. Amica — 4.8/5

   • Pros: Offers lowest sample premium; standard and Platinum Choice homeowners insurance options; dividend policies available.
   • Cons: Ranks low for policy value; not available in Alaska or Hawaii. Amica is the most affordable option while maintaining high customer satisfaction. It offers nine key discounts and dividend policies.

3. Allstate — 4.7/5 (Tied with Auto-Owners)

   • Pros: Scored well in consumer surveys for claims handling and value; local agents available; many optional coverages.
   • Cons: Not available in California; can’t purchase policy online. Allstate offers standard coverages with unique features like Claim Rateguard and Deductible rewards, along with 10 key discounts.

4. Auto-Owners — 4.7/5 (Tied with Allstate)

   • Pros: Offers low premiums; No. 1 for customer service; A++ financial strength rating from AM Best.
   • Cons: Available only in 26 states; can’t purchase policy online. Auto-Owners provides many standard coverages and optional protections, requiring agent interaction for quotes.

5. State Farm — 4.5/5 (Tied with Nationwide)

   • Pros: Large network of agents; wide variety of optional coverages; second-lowest premiums.
   • Cons: Not available in California, Massachusetts, or Rhode Island; fewer advertised discounts. State Farm offers numerous optional coverages, including identity theft protection as standard, with competitive premiums.

6. Nationwide — 4.5/5 (Tied with State Farm)

   • Pros: Tied for best home and auto insurance bundles; strong consumer survey scores for value and claims handling; identity theft protection standard.
   • Cons: Must speak to an agent for a quote; fewer advertised discounts. Nationwide includes coverage for credit card fraud and building ordinances in its standard policy, with optional coverages available.

7. Progressive — 4.4/5

   • Pros: Tied for No. 3 for value; single deductible comes standard; available nationwide.
   • Cons: Higher sample premiums; fewer advertised discounts. Progressive offers a single deductible for all policies and is available nationwide, though it scored lower in claims handling and customer service.

8. Liberty Mutual — 4.3/5

   • Pros: Tied at No. 6 with Farmers for most likely to be renewed; available in all 50 states and Washington, D.C.; valuable possessions coverage standard.
   • Cons: Scored below average in consumer surveys; online quotes not always available. Liberty Mutual offers the Home Protector Plus package and various discounts, though it lacks earthquake and green building material coverages.

9. Travelers — 3.5/5

   • Pros: A++ financial strength rating from AM Best; available in 45 states and Washington, D.C.; green building material coverage is standard.
   • Cons: Higher sample premiums; scored lower in consumer surveys. Travelers has a strong financial rating and offers discounts for alarm systems and green/smart homes, but has higher premiums.

These rankings provide a comprehensive overview of the best homeowners insurance companies in Florida, helping consumers make informed decisions based on their needs and preferences.