Florida has a large coastline and hurricane season all year long, so homeowners insurance is one of the best investments you can make. If you are new to Florida or have lived here for many years, it is important to know how to protect yourself and your family by purchasing a homeowners insurance policy.
Florida home insurance policies average $1,981 for $250,000 in dwelling coverage. That's about 39 percent above the national average $1,428. Comparing prices is the best method to find an affordable policy for your home.
The best Florida home insurers offer great coverage and customer service. J.D. Power companies with high ratings tend to have more financial stability and offer excellent customer service. Power tends to be more financially secure and provide excellent service.
Check for discounts
Florida home insurance companies provide discounts that can reduce your premiums. These include new customer discounts, new home discount, and discounts for installing hurricane protection devices on your home.
Increase your credit score
Improve your credit score to lower your rates. Paying your bills on-time and not carrying a high credit card balance can help you raise your score.
Consider bundling your policies
Some Florida insurance companies offer discounts if you combine your auto and house coverage with them. These savings can add up over the course year. It will also reduce the windstorm portion of homeowner's insurance, as a bundle may lower your deductible.
Add home safety devices
A burglar alarm, smoke alert, or deadbolt will reduce your insurance premiums because they decrease your risk of theft. It's especially important if you live in a high-risk area where a burglary is a common occurrence.
Fortify your home to withstand storms
Having your home inspected by a wind mitigation inspector can help you assess the condition of your roof and siding. A qualified professional can offer advice on how you can lower your homeowners insurance rates by strengthening the wind defenses of your house.
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Liberty Mutual's A+ rating and more than a century of experience make it a highly rated national insurance company. It's one of our top recommendations for home insurance in Florida because it has a great reputation for customer service, offers an array of coverage options and has a suite of discounts that can help you pay less.
Remember that not every Florida home insurance company will offer these discounts. It's best to verify with each one to make sure you get the most out of them.
While the average homeowners insurance cost in Florida is not bad, it's still higher than the national average and should be taken seriously. Tower Hill has some of the cheapest Florida home insurers, while Citizens' rates are higher for homeowners who have dangerous dog types.