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.

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Updated: 26 March 2024
Written by
Bob Phillips
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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

Rates for car insurance aren’t uniform and can vary widely based on several factors. Your driving history is crucial; a clean record will result in lower premiums compared to one with traffic violations or accidents. The type of vehicle you drive matters too, as high-performance or luxury cars are more expensive to insure.

Where you live also plays a role, with urban areas facing higher rates due to increased risk. Your age and marital status can also influence your premiums.

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.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

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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