Florida’s Best Homeowners Insurance Companies
With natural disasters being relatively common in Florida, finding an effective homeowners insurance provider can be challenging. U.S. News & World Report has released its latest list of top homeowners insurance companies, providing insight into which insurers are best suited to handle claims in the state.
The ranking considers factors such as availability, rates, coverage options, company reviews, and consumer surveys to determine the top companies. Here’s a breakdown of the top-ranked insurance companies:
Cheapest Companies by Monthly Cost
- Amica – $146.20
- State Farm – $170.89
- Auto-Owners – $184.07
- Allstate – $184.15
- USAA – $193.44
Overall Top-Ranked Companies
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USAA – 4.9/5
- 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 is praised for its high customer satisfaction scores, ample coverage options, and various discounts. It includes identity theft coverage and dwelling/personal property replacement options in its policies.
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Amica – 4.8/5
- Pros: Offers the 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 recognized for its affordability and high customer satisfaction. It offers nine key discounts and dividend policies that can return 5%-20% of premiums.
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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 policies online. Allstate offers standard coverages with unique features like Claim Rateguard and Deductible rewards. It provides 10 key discounts and has local agents for in-person service.
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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 in only 26 states; can’t purchase policies online. Auto-Owners provides many standard coverages and optional protections like special personal property and inland flood coverage. Policyholders can manage tasks online after working with an agent to get a quote.
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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 energy efficiency upgrade coverage and identity restoration coverage. It has a large network of agents and relatively low premiums.
The ranking provides a comprehensive overview of the best homeowners insurance companies in Florida, helping residents make informed decisions when choosing an insurance provider.
