Best Cheap Homeowners Insurance in Fort Myers, FL 2024
Nationwide offers the cheapest homeowners insurance to homeowners in Fort Myers, with an average annual quote of $1,292.
In our thorough review of home insurance providers in Fort Myers, FL, Nationwide stands out as the most affordable choice, with average yearly rates of $1,292. However, the best insurer for you might vary based on your specific circumstances.
For example, if you have a lower credit score, Allstate offers the most economical option, with an average annual premium of $1,326. On the other hand, if you own an older home, State Farm is a top choice with competitive rates of $2,032 per year for comprehensive coverage.
If you have a newly built home, Travelers provides the most cost-effective solution at $731 per year. For individuals with a history of claims, State Farm offers an affordable option at $2,298 per year.
For those with valuable personal property, Chubb is a great choice, offering extensive coverage at a reasonable rate of $1,237 per year.
Our detailed analysis at Insuranceopedia aims to help you find the perfect fit for your home insurance needs. We compare customer ratings, analyze personal experiences, and present comparison charts to provide you with all the information you need to make an informed decision.
How much is homeowners insurance in Fort Myers, FL?
Nationwide offers the most affordable rate for homeowners insurance in Fort Myers at $1,292 annually.
As shown below, rates in Fort Myers are higher than the national average but lower than the average for the state of Florida.
| Area | Average Monthly Rate |
| National | $1,820 |
| Florida | $2,348 |
| Fort Myers | $1,902 |
It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.
Cheapest Homeowners Insurance in Fort Myers, FL 2024
Our Methodology
To find the cheapest home insurance rates in Fort Myers, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in Fort Myers, FL
Nationwide is the most affordable choice for homeowners insurance in Fort Myers, FL, with an average yearly rate of $1,292.
| Company | Annual Premium |
| Nationwide | $1,292 |
| Universal | $1,326 |
| Allstate | $1,342 |
| State Farm | $1,930 |
| Heritage | $2,046 |
The price of your insurance policy is influenced by several factors, such as your location, the value of your home, and your claims history. Nationwide provides a good balance of affordability and comprehensive coverage.
Cheapest Homeowners Insurance If You Have Poor Credit
If you have a poor credit score, Allstate offers the most affordable solution, with an average annual rate of $1,362.
| Insurance Company | Average Annual Premium |
| Allstate | $1,362 |
| Chubb | $1,712 |
| Universal | $2,167 |
| ASI | $2,189 |
| State Farm | $4,142 |
Your credit score can significantly affect your insurance rates because insurers use it to assess risk. Allstate recognizes the importance of fair coverage for everyone, regardless of their credit history.
Cheapest Homeowners Insurance In Fort Myers If You Have an Older Home
State Farm provides the most affordable rates for homeowners with older homes, averaging $2,032 per year.
| Insurance Company | Average Annual Premium |
| State Farm | $2,032 |
| Universal | $2,570 |
| Florida Peninsula | $2,730 |
| Chubb | $2,743 |
Older homes can pose unique risks and maintenance challenges, leading to potentially higher insurance costs. State Farm addresses these concerns by offering competitive rates and comprehensive coverage tailored to the specific needs of older homes.
Cheapest Homeowners Insurance for Newly Constructed Homes
If you own a newly constructed home, Travelers provides an affordable solution with an average annual rate of $731.
| Insurance Company | Average Annual Premium |
| Travelers | $731 |
| Chubb | $792 |
| Allstate | $1,145 |
| State Farm | $1,234 |
| Heritage | $1,408 |
Newly constructed homes often have different coverage needs compared to older homes, and Travelers specializes in offering affordable policies tailored to these specific requirements.
Cheapest Home Insurance In Fort Myers for a History of Claims
State Farm offers an affordable solution for homeowners with a history of claims, with an average annual rate of $2,298.
| Insurance Company | Average Annual Premium |
| State Farm | $2,298 |
| Universal | $2,570 |
| Chubb | $3,063 |
| Homeowners Choice | $3,076 |
| FedNat | $2,847 |
Having a history of claims can lead to higher premiums, as it may indicate increased risk for insurers. However, State Farm aims to provide reasonable rates for individuals with past claims, offering a second chance for affordable coverage.
Cheapest Home Insurance Rates for Lots of Personal Property
Chubb provides affordable coverage for individuals with a wealth of personal property, offering competitive rates with an average annual premium of $1,237.
| Insurance Company | Average Annual Premium |
| Chubb | $1,237 |
| Nationwide | $1,497 |
| Allstate | $1,534 |
| State Farm | $2,003 |
| Universal | $2,455 |
Chubb offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected, even if you have a wealth of personal property.
Best Homeowners Insurance Companies in Fort Myers, FL
Selecting the right homeowners insurance is more than just a necessity; it’s a strategic decision. With its rich history, Fort Myers boasts homes as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes crucial.
To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Fort Myers, FL. These companies have been evaluated based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to find the perfect fit for your home insurance needs.
| Company | Annual Premium |
| Chubb | $1,005 |
| ASI | $1,345 |
| Nationwide | $1,292 |
| Universal | $1,326 |
| Allstate | $1,342 |
| State Farm | $1,930 |
| Heritage | $2,046 |
Average Home Insurance Rates by Zip Codes
The price of homeowners insurance in Fort Myers, FL can fluctuate widely depending on the zip code. Here are tables displaying rates for various zip codes in Fort Myers, along with the five least and most expensive zip codes in the region for annual home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 33905 | $1.921 |
| 33916 | $1.918 |
| 33912 | $1,910 |
| 33965 | $1,879 |
| 33966 | $1,915 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 33965 | $1,879 |
| 33912 | $1,910 |
| 33966 | $1,915 |
| 33907 | $1,914 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 33901 | $1,922 |
| 33905 | $1,921 |
| 33913 | $1,917 |
| 33916 | $1,918 |
Average Home Insurance Rates in Fort Myers, FL by Deductible Amount
The deductible you select for your homeowners insurance policy can have a notable impact on the premium rates in Fort Myers, FL. Here’s a breakdown of how average home insurance rates change based on different deductible amounts:
| Deductible | Annual Rate |
| $500 | $2,711 |
| $1,000 | $2,094 |
| $2,000 | $1,761 |
Average Home Insurance Rates in Fort Myers, FL By Coverage Amount
Dwelling coverage, which represents the maximum amount your insurance provider will pay to rebuild or repair your home in case of damage or destruction, is a crucial factor affecting your premium.
Here’s a comparison chart illustrating the average annual homeowners insurance premiums for different dwelling coverage amounts:
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,320 |
| $250,000 | $1,428 |
| $300,000 | $1,906 |
| $350,000 | $1,812 |
| $400,000 | $2,562 |
Average Home Insurance Rates in Fort Myers, FL by Company
Here is a comparison table displaying annual premiums from some of the leading providers in Fort Myers:
| Company | Annual Premium |
| Nationwide | $1,292 |
| Chubb | $1,005 |
| ASI | $1,345 |
| Universal | $1,326 |
| Allstate | $1,342 |
| State Farm | $1,930 |
| Heritage | $2,046 |
How Much is Homeowners Insurance for Other Cities in Florida?
Here is a detailed comparison chart showcasing the cheapest companies and their annual premiums across various cities in Florida:
| City | Annual Premium |
| Miami | $3,944 |
| Fort Lauderdale | $2,572 |
| Lakeland | $1,592 |
| Tallahassee | $1,286 |
Getting Online Homeowners Insurance Quotes in Florida
With websites like Insuranceopedia, finding the best coverage for your specific needs is simple. You can get quick online quotes from top-rated insurers, allowing you to compare rates easily.
Just enter your information, and Insuranceopedia will present you with a range of options tailored to your needs. This makes it easy to choose a policy that offers great value, balancing cost with comprehensive coverage.
FAQs
Who has the cheapest home insurance in Fort Myers, FL?
The most affordable homeowners insurance in Fort Myers, Florida, is offered by Nationwide, with an annual premium of $1,292.
What is the average cost of home insurance in Fort Myers, FL?
The typical expense for homeowners insurance in Fort Myers, Florida, is around $1,902 per year.
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