Best Homeowners Insurance In Boca Raton, FL

Nationwide scores best overall because it has an A+ (Superior) rating from AM Best for financial strength, scores very high in customer satisfaction rating across the internet, has a strong agent presence in South Florida and has very competitive rates. Nationwide is solid all the way around.

Nationwide’s standard home insurance policy includes some coverages many other carriers don’t offer, like reimbursement for credit card fraud and ordinance or law coverage if you must rebuild and meet more stringent codes.

You can customize your policy with add-ons like Better Roof Replacement, which will pay for upgraded roofing materials if they must be replaced following a qualified event.

Another option, Brand New Belongings provides replacement cost coverage for your personal belongings. You will be reimbursed for their depreciated value if your items are damaged or destroyed. You can then purchase replacements, send the receipts to Nationwide, and be reimbursed for the cost difference.

You can purchase home insurance from a local Nationwide agent, over the phone, or online. Filing and tracking claims, paying bills, and making policy changes can all be done on the Nationwide website or mobile app.

Nationwide’s average cost for home insurance in Boca Raton: $209/month

USAA was a strong contender for Best Overall but came in a close second because it is only available to military members and their families. Other than that, USAA is also very solid overall.

USAA was founded in 1922 by 25 Army officers who wanted to self-insure their cars. Today, USAA offers an array of insurance and financial products for members of the U.S. armed forces and Reserve, along with veterans and their families.

Based in San Antonio, USAA operates a handful of satellite offices around the United States and in London, Frankfurt, and Luxembourg.

USAA’s standard home insurance policy includes replacement cost coverage for personal belongings and coverage for active-duty and deployed service members’ uniforms. Optional insurance, such as earthquake and home-sharing coverages, may also be available.

Eligible members can purchase USAA insurance products online with an active membership ID over the phone or through a local branch.

USAA has an automated agent chatbot on its website to help you access your online account, where you can pay your bill, make policy changes, and manage claims. USAA has an A++ rating from AM Best, the highest financial strength rating available for insurance companies.

Average premium for USAA home insurance in Boca Raton: $140/month

State Farm was our second runner-up based on its solid agent presence in Boca Raton and South Florida. We see this as very important because of not only the availability of a large number of State Farm agents in the aftermath of a hurricane or other severe storm, but also because of the many claims adjusters and claims offices State Farm has in Boca Raton.

State Farm offers a standard homeowners policy and allows policyholders to customize with additional coverages, such as ordinance and law, as well as identity theft protection and insurance for valuables like jewelry.

State Farm has the highest available AM Best financial strength rating, an A++.

State Farm offers optional replacement cost coverage for your home, other structures, and personal property, which replaces damaged items at today’s market value and does not factor in depreciation. Without this endorsement, replacement is calculated on an actual cash value basis.

You can begin the quote process with State Farm online, but you will have to work with a local agent to purchase a policy. Policyholders can use the State Farm website or app to file claims, manage their accounts, and enroll in paperless billing. The site also has a robust resource library to help you learn more about how insurance works.

Average premium for State Farm home insurance in Boca Raton: $144/month

Tower Hill had the cheapest rates in Florida. It should be noted, however, that the company does not have a JD Power score for customer satisfaction and has a B++ rating from AM Best. Both of these factors are likely attributable to the fact that Tower Hill Insurance is best known as a Florida homeowners insurance company, and it only offers coverage in 16 additional states.

Tower Hill home insurance allows homeowners to build their own home insurance plan. In addition to standard coverage types like dwelling and personal property, the Typical and Prime Plus policies provide options for endorsements, like extended replacement cost,  water backup coverage, and personal injury coverage.

Tower Hill also offers unique add-on coverage options that might be difficult to find with other carriers. These include landscaping coverage, food spoilage, trampoline liability, lock replacement, and more.

In addition, the company’s highest-tier Spire package includes many optional coverages built into the policy.

Average Premium for Tower Hill home insurance in Boca Raton: $121/month

Chubb is an excellent option for homeowners who have high-value assets to protect because of the many extras they offer. However, budget-conscious homeowners in Boca Raton will find their rates higher than average.

A high-value home has unique considerations when it comes to home insurance. With Chubb, you can access a variety of policy add-ons, especially extended replacement cost coverage, to help rebuild your home after a covered accident.

An extra perk is Chubb’s risk consulting program, in which a Chubb consultant can come into your home to survey any potential fire or security concerns before an accident occurs.

The Chubb Masterpiece insurance policy covers many things that are important to wealthy clientele, including the restoration of electronic data destroyed by a computer virus and property management services.

Chubb claims agents have the authority to pay a claim immediately but cannot deny a claim without a manager’s approval because they want to make filing a claim as painless as possible.

Average premium for Chubb home insurance in Boca Raton: $317/month

Allstate has a total of 11 homeowners insurance discounts, seven of which are considered by home insurance analysts to be uncommon offerings. This is significantly higher than the industry average of seven discounts.

Allstate’s discounts include:

• Claims forgiveness: additional coverage which keeps your rate from increasing after you file a claim
• Claims-free: customers can get 5% back on renewal as long as they remain claims-free every year
• Deductible reward: $100 off deductible upon signing up
• Bundle: up to 25% for bundling home and car insurance
• Automatic payment: saves up to 5%
• Loyalty: up to 10% for renewing with Allstate
• New Homebuyer: discount for recent homebuyers
• New home: discount for insuring a newly constructed home
• Responsible payment: additional discount for having a good payment history
• Early payment: up to 10% for buying a new policy at least seven days before your old policy expires
• Protective device: discount for installing theft and fire protection

Allstate homeowners insurance provides dwelling and personal property coverage, liability protection, guest medical protection, and other optional types of coverage. In addition to these standard coverages, Allstate offers homeowners a variety of optional coverages.

Allstate offers nine optional coverage types for homeowners insurance. Aside from the commonly offered ones like ID theft and scheduled personal property, Allstate offers unique coverage for homeowners with a yard and garden, increasing the coverage limits for the cost of landscaping and riding lawn mowers.

Progressive came in with the second highest JD Power customer satisfaction score of all companies we reviewed except USAA. We did not award USAA the Best for Customer Satisfaction award because it only sells home insurance policies to military members and their families.

Progressive home insurance policies come with the types of coverage that are typical in homeowners insurance policies:

Dwelling coverage pays to repair or replace your home if it is damaged by a problem covered by your policy, such as a fire or tornado.

Other structures coverage pays to repair or replace structures not attached to your home, such as a fence or shed.

Personal property coverage pays to repair or replace your belongings, like your clothes, electronics, and furniture.

Liability insurance covers property damage and injuries to others, such as someone hurt on your property. It also pays for a legal defense if you are sued because of an accident.

Additional living expenses coverage includes hotel bills, meals, and pet boarding fees if you cannot live in your home because of a problem covered by your policy, like a tornado.

Progressive’s filings with the Florida Department of Insurance indicate that homeowners with these dog breeds may be ineligible for coverage: Akitas, American bulldogs, chow chows, Dobermans, Mastiffs, pit bulls, Rottweilers, Staffordshire terriers, wolf hybrids, any mix or variation of these breeds, and any dog with a history of biting.

Average premium for Progressive home insurance in Boca Raton: $219/month

Citizens Property Insurance Corporation plays a crucial role in Florida’s property insurance marketplace by providing property insurance protection to people who are entitled to obtain coverage through the private market but cannot do so.

As one of Florida’s leading insurers of Florida homes and businesses, Citizens strives to ensure its customers receive service comparable to private-market standards.

Citizens was created by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt government entity to provide property insurance to eligible Florida property owners unable to find insurance coverage in the private market.

Policyholder premiums fund Citizens; however, Florida law also requires that Citizens levy assessments on most Florida policyholders if it experiences a deficit in the wake of a particularly devastating storm or series of storms.

Average premium for Citizen’s home insurance in Boca Raton: $180/month