ValuePenguin's
recently took a look at homeowners insurance rates in the most
expensive state in the US, Florida. Florida's homeowners insurance rates
are notoriously high because of the sheer amount of coastal real estate
and the fact that it's hit by more hurricanes and tropical storms than
any other state. Florida also isn't any stranger to tornadoes. In our
study we aimed to determine which counties in FL had the most expensive
(and most affordable) homeowners insurance rates. The state average
according to our research was $1,952 per year. Additionally, if you're
interested in figuring out which companies offer the best home insurance
rates in your area of Florida you can search for rates using our quote
tool.
Best Homeowners Insurance Companies in Florida
We looked at five of the top homeowners insurance companies by market
size throughout the state of Florida. Those companies are Citizens
Property, State Farm Florida, Universal Property, St. John's Insurance,
and Safeway Insurance. In the chart below you'll see each of the five
companies along with their annual average insurance premium for both a
$150,000 and $300,000 home.
Cheapest Counties in Florida for Homeowners Insurance
What do the five cheapest FL counties for homeowners insurance have in common? They're all in the northern half of the state. Historically, these five areas have seen just a fraction of the high wind damage caused by hurricanes, tropical storms, and tornadoes that ravage other parts of the state. Four of the five counties sit within about a 50 mile radius of Jacksonville on Florida's northeast coast while the other (Leon) is located 15 miles inland on the Florida Panhandle.| Rank | County | County Seat | Average Rate | % Decrease vs. FL Avg |
| 1 | Leon | Tallahassee | $1,120 | -50.1% |
| 2 | Duval | Jacksonville | $1,227 | -45.3% |
| 3 | Clay | Green Cove Springs | $1,349 | -39.9% |
| 4 | Alachua | Gainesville | $1,376 | -38.7% |
| 5 | Putnam | Palatka | $1,392 | -38.0% |
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