Is usaa writing homeowners insurance in florida

Based on MoneyGeek's scoring system, you can find the best insurance in Florida according to your type of home and the coverages you prioritize.

State Farm is the overall best company for home insurance in Florida, while Travelers is the best for those on a budget. If you are a military family, USAA is the top choice.

MoneyGeek also analyzed the cheapest homeowners insurance providers in Florida for those more concerned with saving on their monthly bill.

The Best Homeowners Insurance in Florida

The Best Overall Homeowners Insurance Companies in Florida

In order to find the best home insurance options in Florida, MoneyGeek examined 10 providers within the state based on their customer satisfaction, claims ratings, financial stability and affordability.

• State Farm: MoneyGeek score of 85 out of 100
• Allstate: MoneyGeek score of 85 out of 100

Although State Farm and Allstate rank equally across multiple categories, according to J.D. Power’s scoring system, State Farm has a slightly higher customer satisfaction score of 4.01 than Allstate whose score is 3.96.

Not included in this analysis, however, is USAA, as their policies are only available to military members and their families. This provider ranks 95 out of 100 across the country, making it the best option for home insurance in Florida for eligible military members.

To better understand the credibility of State Farm and Allstate as top-rated insurance providers, MoneyGeek evaluated their unique coverages and discounts.

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Geek Quick Take

With an average yearly premium of $2,542 in the state of Florida, State Farm ranks the highest in customer satisfaction, coming out on top compared to its competitor, Allstate. For homeowners who rent out their homes, State Farm offers home rental coverage, which is not commonly found among other providers.

More About State Farm

State Farm ranks as the first and best home insurance company in Florida, scoring highly across categories. Beyond balancing the necessary criteria well, State Farm also offers unique coverage options, such as service line and mold coverages. Service line coverage can cover expenses incurred during the course of repairing or replacing damaged water systems, sewer lines or electrical service lines. Additionally, mold coverage can pay up to $20,000 for damages caused by fungus and/or mold.

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Allstate ranks first in affordability and second-best overall, with home insurance policies costing ​​an average of $1,612 annually. Homeowners who rent out their homes can take advantage of Home Rental coverage, but note that Contents Replacement Cost coverage will be an additional add-on by request of the policyholder.

More About Allstate

Ranking as the second-best home insurance in Florida, Allstate has several unique coverage options not found among other providers, including Home Rental Coverage. Allstate also offers yard and garden coverage, which increases the limits for trees, landscaping and riding lawn mowers.

HOW WE DETERMINED THE BEST FLORIDA HOME INSURANCE

To provide you with quotes you can rely on, MoneyGeek collected home insurance quotes from providers across the country. These quotes were balanced against property claims ratings and customer satisfaction scores from J.D. Power to determine the best home insurance nationally and in Florida.

MoneyGeek’s averages are not guaranteed premiums as they vary depending on your circumstances. To better understand how close quotes are to your situation, read MoneyGeek’s methodology.

The Best Homeowners Companies in Florida for Service Quality

If you aren’t concerned about cost, MoneyGeek ranked the best home insurance in Florida using only customer satisfaction and claims experience ratings.

The best companies in Florida are:

• Citizens: MoneyGeek score of 89 out of 100
• Chubb: MoneyGeek score of 82 out of 100

USAA is another top contender for best insurance company in Florida. However, USAA was excluded from the analysis due to its exclusive availability to military personnel and their families.

MoneyGeek examined the unique discounts and coverage options that Citizens and Chubb offer in Florida to find out why they scored highest in terms of service and customer satisfaction.

Citizens Property Ins Corp

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Geek Quick Take

Citizens is the best home insurance in Florida in terms of service, ranking first in customer satisfaction and second in claims. Based on this rating, policyholders are generally satisfied with Citizen’s policies and processes.

More About Citizens Property Ins Corp

Citizens ranks first in Florida for home insurance due to their high customer service score and unique coverage options. One unique offer is their Sinkhole Loss coverage, which can cover any structural damage due to ground subsidence. They also offer Increased Limits for Ordinance or Law, which can help cover costs in the event of changes to the law or building codes.

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Ranked as the second-best home insurance in Florida, Chubb earned its place thanks to its high score in claims ratings. Chubb prioritizes a great experience for any policyholder filing a claim.

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Beyond offering a great claims experience, Chubb offers various coverages and discounts for homeowners in Florida. For instance, Chubb gives policyholders the option to add cash settlement coverage, which allows for a cash settlement up to your policy limit if you choose not to rebuild or to rebuild your home at another location. Discounts are also available to those who live in a gated community.

The Best Homeowners Companies in Florida on a Budget

Finding the best-rated home insurance companies in Florida doesn’t require you to break the bank. Some insurers can meet your insurance needs while providing excellent customer service at a reasonable cost.

MoneyGeek found that the providers in Florida that offer top-notch service and affordability are:

• Travelers: MoneyGeek score of 91 out of 100
• Nationwide: MoneyGeek score of 90 out of 100

Note that Allstate ranks higher in customer satisfaction, but Allstate’s premiums cost about $132 more than Nationwide’s premiums.

Travelers’ home insurance policies cost an average of $1,083 per year, while Nationwide’s policies cost $1,480 annually. For your review, we have outlined the advantages and disadvantages of Traveler’s ranking as the best home insurance company in Florida in terms of affordability.

pros

Home insurance coverage is affordable at an average of $1,083 per year

Discounts available for bundling, being claims-free and having security devices at home

cons

Discounts are not available for having a new home or doing home renovations

MoneyGeek satisfaction rating of 3.55 out of 5

Travelers ranks first in Florida as the best home insurance company in terms of affordability, scoring 91 out of 100. On average, their policies cost $1,083 per year, which homeowners can reduce with unique discounts.

For instance, Travelers offers discounts to homeowners who bundle auto and home insurance policies, stay claims-free or have security devices at home. Some of their unique discounts are available to homeowners who purchased a new home within 12 months of purchasing one of their policies. Discounts are also available to those who have a certified “green home” by the Leadership Energy and Environmental Design (LEED) organization.

The Best Homeowners Companies in Florida for Expensive Homes

Expensive homes in Florida will cost more to rebuild, which requires more coverage. In order to identify the best home insurance in Florida for expensive homes, MoneyGeek examined the cost of a policy with $2 million in dwelling coverage against a provider’s customer satisfaction rating.

The top-rated companies for expensive homes in Florida are:

• Citizens: MoneyGeek score of 86 out of 100
• State Farm: MoneyGeek score of 84 out of 100

To understand why Citizens ranks first for homeowners with expensive homes in Florida, MoneyGeek itemized their ratings and coverages.

pros

MoneyGeek satisfaction rating of 4.5 out of 5

cons

Ranks 10th out of the 10 providers MoneyGeek examined for affordability

Citizens’ policies may not be the most affordable, but they are the best for expensive homes, given their high customer satisfaction ratings and financial stability scores.

Aside from Catastrophic Ground Cover Collapse coverage, which is included in a standard policy at no additional cost, Citizens offers a few additional coverages that not all providers offer. For example, they have Sinkhole Loss coverage, which insures Florida homeowners in the event of structural damage caused by ground subsidence.

The Best Homeowners Companies in Florida for Veterans

Most providers offer discounts to military families in Florida. Still, the best home insurance company in Florida for veterans, military personnel and their families is USAA.

Across the U.S., USAA has a median MoneyGeek score of 95 out of 100 and an average yearly premium of $1,612.

pros

Discounts, coverage and services are tailored to military families

Average MoneyGeek satisfaction rating of 5 out of 5

Average MoneyGeek affordability score of 4.25 out of 5

cons

Not available to individuals without a military background

USAA ranks highly across the country, with both customer satisfaction and affordability scores above 4. However, their policies are only available to military families.

USAA’s high customer service rating is thanks to their coverage and discount offers. Included in their policies at no additional cost is the Contents Replacement Cost coverage, which can pay for the loss of personal belongings at its most recent replacement cost and no depreciation. USAA also offers Home Rental coverage, which protects a policyholder and their property if they choose to rent out rooms or the entire unit. In terms of discounts, policyholders can reduce their premiums by simply being claims-free, bundling and having security devices at home.

The Best Homeowners Companies in Florida for Bundling

Homeowners in Florida who are interested in getting both auto and home insurance can bundle their policies to get a discount. Bundling must be done wisely, however, as you want to choose a provider that suits you well.

MoneyGeek ranked the best home and auto insurance bundles for homeowners who want to find the best car insurance in Florida and bundle with a home insurance policy.

In Florida, the best home and auto insurance bundles are from:

• State Farm: MoneyGeek score of 82 out of 100
• Travelers: MoneyGeek score of 71 out of 100

By bundling insurance, you can benefit from discounts and the convenience of having one provider manage both policies.

pros

Home insurance MoneyGeek score of 4.23 out of 5

cons

Auto insurance MoneyGeek score of 3.47 out of 5

State Farm ranks first in Florida in both home and auto insurance, offering a 21% discount for those who bundle — which is the highest average offer in the state.

State Farm has several unique coverage packages for both home and auto insurance. For home insurance policies, they have Vacancy coverage, which can pay for vandalism and glass breakage if your home has been unoccupied and has no contents for more than 30 days. If working for a ridesharing company, you can also add Rideshare insurance coverage to your auto insurance policy, which gives you medical, emergency roadside assistance and rental car reimbursement.

How to Find the Best Home Insurance in Florida

Homeowners need to assess the insurer's rates, customer service, claims ratings, and financial stability to choose the best home insurance company in Florida. While MoneyGeek has gone through this process for you, you can do your own research on other providers not included in the analysis.

To help you get started, give the steps below a read.

Research Customer Service Reputations in Florida

It can take time to research the customer service reputation of a service provider in Florida, which is why MoneyGeek did the work for you. Should you wish to locate a company that is not listed in our evaluation, simply look up the company's J.D. Power satisfaction score and NAIC complaint ratios in your state. You can also use Florida's Department of Insurance to make this task easier.

Compare Quotes for Yourself

Based on sample driver profiles, MoneyGeek gathered home insurance quotes in Florida. Your actual situation, however, may differ. To get an idea of how much insurance will cost you, get and compare quotes from at least three different insurers.

Make Sure the Company Has Coverages You Want in Florida

Because not all plans and discounts are available in every state, you'll need to ensure that your desired provider offers the coverages you need in your area. Contact your desired insurance company to ask if they offer your desired coverages and discounts.

Double-Check Financial Stability Ratings

Ensure that your potential insurer has a strong financial rating before making your decision. A strong financial rating indicates their preparedness and capability to pay for your claim. Although larger companies are financially stronger, regional insurance companies within Florida may have lower ratings.

FAQs About the Best Home Insurance in Florida

While MoneyGeek provided an in-depth analysis of the best-rated home insurance companies in Florida, what’s best for you will depend on your needs. Review the most commonly asked questions below to get an idea of where you can get started.

What is the best homeowners insurance company in Florida?

Overall, the best home insurance company in Florida is State Farm, scoring 85 out of 100, and is also the best for bundling. In terms of excellent service and expensive homes, Citizens offers the best policies. For homeowners who are more interested in affordability but still want good service, Travelers ranks highest in the state. Finally, USAA is the best option for those in military families.

What is the best cheap home insurance company in Florida?

The most affordable insurance company in Florida is Travelers, with an average yearly premium of $1,083. While affordability is an important factor, Travelers does not rank highly in terms of J.D. Power customer satisfaction within the state, scoring 3.55 out of 5. This is worth keeping in mind for those who value quality.

Methodology

MoneyGeek scores for homeowners insurance in Florida were calculated using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, actual homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused specifically on affordability and service experience.

MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Florida provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Florida. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

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