Best Homeowners Insurance Companies In Naples, FL For April, 2024

I believe that Nationwide is the best overall homeowners insurance company in Naples.

min read
Updated: 15 March 2024
Written by
Bob Phillips
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Naples homeowners are constantly searching for the best home insurance companies in the area. If you’re looking for a solution to this issue, you’ve come to the right place.

Having lived in Florida for almost twenty years, I understand the challenges of finding the right company to protect your home and belongings from significant losses. Based on my experience and research, I confidently recommend Nationwide as the top choice for overall home insurance coverage.

However, I encourage you to take a look at our reviews of other home insurance companies in Naples and make your own judgment.

Best Homeowners Insurance Companies In Naples, FL 2024

Compare The Best Home Insurance Companies In Naples, FL

Customer Satisfaction Rating (1000 Best) A.M. Best Rating Overall Rating Best Suited For Online Experience Rating (10.0 Best) Get A Quote
Chubb

809

A++

4.6

High-Value Homes

7/10

Instant Quote
USAA

881

A++

4.8

Military Families

8/10

Instant Quote
Citizens

Not Rated

B++

4.6

Florida Based Insurer

6/10

Instant Quote
Allstate

816

A+

4.7

People Looking For Discounts

9/10

Instant Quote
Tower Hill

Not Rated

B

4.5

Cheap Premiums

7/10

Instant Quote
State Farm

829

A++

4.8

Agent Presence

9/10

Instant Quote
Nationwide

815

A+

4.9

Best Overall

8/10

Instant Quote
Progressive Insurance

874

A+

4.7

Customer Satisfaction

8/10

Instant Quote
Scroll to see comparisons

Our Methodology

To establish the top-rated home insurance companies in Naples, we considered reliable data from trusted sources like A.M. Best (for financial strength) and J.D. Power (for customer satisfaction). We also took into account subjective opinions from diverse consumer websites and took into consideration the author's personal experience. 

73

Quotes Analyzed

15+

Years Of Industry Experience

20

Brands Reviewed

33+

Research Hours

The Best Home Insurance Companies In Naples, FL


Best Overall

Overall Rating
4.9

Key Statistics

9/10 Affordability
10/10 Customer Reviews
9/10 Claims/Payouts
10/10 Coverage Level

Why we Like Them

Nationwide stands out as the top choice overall, backed by its impressive A+ (Superior) rating for financial strength from AM Best. It excels in customer satisfaction across various online platforms and boasts a robust agent presence in South Florida. Additionally, Nationwide offers highly competitive rates, making it a solid option in every aspect.

What sets Nationwide apart is its standard home insurance policy, which includes unique coverages not commonly found with other insurers. For instance, it provides reimbursement for credit card fraud and offers ordinance or law coverage to meet stringent rebuilding codes, ensuring comprehensive protection.

You have the flexibility to tailor your policy with optional add-ons like Better Roof Replacement. In the event of a covered incident, this feature covers the cost of upgraded roofing materials. Another valuable option is Brand New Belongings, which provides replacement cost coverage for your personal belongings. Should your items suffer damage or destruction, you will be reimbursed for their depreciated value and can then purchase replacements. Simply provide the receipts to Nationwide, and they will reimburse you for the cost difference.

Obtaining home insurance from Nationwide is convenient, as you can purchase it through a local agent, over the phone, or online. The Nationwide website and mobile app offer easy access for filing and tracking claims, paying bills, and making policy changes.

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

Benefits & Drawbacks

Benefits
  • The standard policy provides credit card protection as part of the coverage
  • Offers some of the most affordable premiums in Naples
  • Optional coverages available, such as upgraded roofing for rebuilds and replacement cost protection for belongings
Drawbacks
  • Reimbursement is required for optional contents replacement cost coverage.

Best For Agent Presence

Overall Rating
4.8

Key Statistics

9/10 Affordability
7/10 Customer Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

State Farm came in as our second top choice, thanks to its strong presence of agents in Naples and South Florida. This is essential because it ensures access to a large number of State Farm agents and claims adjusters in case of a hurricane or severe storm.

State Farm offers a standard homeowners policy that can be customized with additional coverages such as ordinance and law protection, identity theft coverage, and insurance for valuable items like jewelry.

With an excellent A++ rating from AM Best, State Farm demonstrates the highest level of financial strength. They also provide optional replacement cost coverage for your home, other structures, and personal belongings, ensuring damaged items are replaced at their current market value without factoring in depreciation.

To get a quote from State Farm, you can start the process online but will need to work with a local agent to purchase a policy. Policyholders can conveniently file claims, manage accounts, and opt for paperless billing through the State Farm website or app. The website also offers a helpful resource library to enhance your understanding of insurance concepts.

Average premium for State Farm home insurance in Naples: $147/month

Benefits & Drawbacks

Benefits
  • Offers highly competitive premiums
  • Boasts the largest number of local agents in South Florida
  • Achieves the highest available financial strength rating
Drawbacks
  • Policies cannot be obtained through independent agents

Cheapest Coverage

Overall Rating
4.5

Key Statistics

10/10 Affordability
6/10 Customer Reviews
7/10 Claims/Payouts
8/10 Coverage Level

Why We Like Them

Tower Hill stands out with its budget-friendly rates in Florida. However, it’s important to note that the company lacks a JD Power customer satisfaction score and holds a B++ rating from AM Best. These factors are likely attributed to Tower Hill Insurance’s focus on being a prominent provider of homeowners insurance specifically in Florida, with coverage available in only 16 additional states.

Tower Hill’s home insurance allows homeowners to customize their own insurance plan. Alongside standard coverage types like dwelling and personal property, their Typical and Prime Plus policies offer various endorsement options. These include extended replacement cost, water backup coverage, and personal injury coverage.

Tower Hill sets itself apart by offering unique add-on coverage options that may be harder to find with other carriers. These include landscaping coverage, food spoilage protection, trampoline liability coverage, lock replacement, and more.

Furthermore, Tower Hill’s highest-tier Spire package includes numerous optional coverages already incorporated into the policy for added peace of mind.

Average Premium for Tower Hill home insurance in Naples: $125/month

Benefits & Drawbacks

Benefits
  • Offers specialized policy packages for high-value homes
  • Provides the most affordable rates in Naples and across Florida
  • Boasts an extensive list of coverage options to customize home insurance to specific needs
Drawbacks
  • Experienced a downgrade in its financial strength rating by AM Best in 2022
  • Lacks a mobile app and offers limited policy information on the website
  • Reports a higher-than-average number of customer complaints according to the National Association of Insurance Commissioners (NAIC)

Best For High-Value Homes

Overall Rating
4.6

Key Statistics

7/10 Affordability
8/10 Customer Reviews
9/10 Claims/Payouts
10/10 Coverage Level

Why We Like Them

Chubb is a great choice for homeowners with valuable assets to protect, offering many extras. However, budget-conscious homeowners in Naples may find their rates higher than average.

When insuring a high-value home, Chubb provides useful policy add-ons like extended replacement cost coverage, helping you rebuild after an accident.

Chubb’s risk consulting program is an added perk, with a consultant assessing fire and security concerns before accidents occur.

The Chubb Masterpiece insurance policy covers important aspects for affluent clients, including electronic data restoration and property management services.

Chubb’s claims agents have the authority to promptly pay claims, aiming for a smooth process. Denials require manager approval, ensuring fairness and ease for claimants.

Average premium for Chubb home insurance in Naples: $326/month

Benefits & Drawbacks

Benefits
  • Provides home assessments for every client to ensure precise coverage in emergencies
  • Offers a cash settlement option for those who prefer not to rebuild after a total loss
  • Masterpiece-level customers have the freedom to select their own contractors and artisans for claim repairs
Drawbacks
  • Online quotes unavailable; agent assistance required
  • Policies are typically more expensive compared to competitors, as they are tailored for high-value properties.

Best For Discounts

Overall Rating
4.7

Key Statistics

8/10 Affordability
7/10 Customer Reviews
8/10 Claims/Payouts
10/10 Coverage Level

Why We Like Them

Allstate offers a whopping 11 different discounts for homeowners insurance. What’s even more impressive is that seven of these discounts are considered rare by industry experts. This is much more than what other insurance companies typically offer, which is only seven discounts.

Some of the discounts provided by Allstate include: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 offers essential protection for your dwelling, personal belongings, liability, and guest medical expenses. But that’s not all! Allstate goes above and beyond by providing homeowners with a range of optional coverages to tailor their insurance to their specific needs.

When it comes to optional coverage, Allstate stands out with a selection of nine different types. Alongside popular options such as identity theft and scheduled personal property coverage, Allstate offers something truly distinctive for homeowners who take pride in their yard and garden. This unique coverage enhances your protection by increasing coverage limits for landscaping expenses and even riding lawn mowers.

Benefits & Drawbacks

Benefits
  • Provides an extensive range of discounts
  • Demonstrates robust financial stability
  • Abundance of local agents and claims adjusters in South Florida
Drawbacks
  • Receives a higher number of complaints compared to the national average

Best For Customer Satisfaction

Overall Rating
4.7

Key Statistics

8/10 Affordability
10/10 Customer Reviews
8/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

Progressive secured an impressive second place in terms of JD Power customer satisfaction scores among all the companies we evaluated, falling just short of USAA. While USAA received high praise, we couldn’t bestow upon them the Best for Customer Satisfaction award as their home insurance policies are exclusively available to military members and their families.

When it comes to Progressive home insurance, you can expect the typical coverage options found in most homeowners insurance policies. Here’s a breakdown of what they offer:

Dwelling coverage: This ensures that if your home suffers damage from a covered event like a fire or tornado, the cost of repair or replacement is taken care of.

Other structures coverage: If structures separate from your home, such as a fence or shed, are damaged, this coverage steps in to cover the repair or replacement expenses.

Personal property coverage: Your belongings, including clothing, electronics, and furniture, are protected under this coverage, providing funds for repair or replacement if they are damaged or stolen.

Liability insurance: In the event of property damage or injuries to others on your property, liability insurance covers the costs. It also offers financial assistance for legal defense in case of a lawsuit arising from an accident.

Additional living expenses coverage: If circumstances render your home uninhabitable due to a covered event like a tornado, this coverage helps with expenses such as hotel bills, meals, and even pet boarding fees.

However, it’s worth noting that according to Progressive’s filings with the Florida Department of Insurance, certain dog breeds may be deemed ineligible for coverage. These breeds include 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 Naples: $222/month

Benefits & Drawbacks

Benefits
  • Highly competitive rates
  • Utilize the Name Your Price tool to specify your budget, and Progressive will tailor coverage accordingly
Drawbacks
  • Limited options for enhanced dwelling coverage
  • Florida's banned dog list may disqualify you from obtaining coverage

Best For Florida-Based Insurers

Overall Rating
4.6

Key Statistics

7/10 Affordability
7/10 Customer satisfaction/reviews
8/10 Claims/Payouts
8/10 Coverage Level

Why We Like Them

Citizens Property Insurance Corporation holds a vital position in Florida’s property insurance landscape, offering essential protection to individuals who are entitled to coverage through the private market but face difficulties in obtaining it.

As a prominent insurer for Florida homes and businesses, Citizens is dedicated to providing its customers with service that meets the high standards set by the private market.

Established by the Florida Legislature in August 2002, Citizens operates as a non-profit, tax-exempt government entity with the primary objective of extending property insurance to eligible Florida property owners who are unable to secure coverage from private insurers.

While policyholder premiums form the foundation of Citizens’ funding, Florida law mandates that assessments be imposed on most policyholders in the state if Citizens experiences a shortfall following a particularly catastrophic storm or a series of storms.

Average premium for Citizen’s home insurance in Naples: $187/month

Benefits & Drawbacks

Benefits
  • Exclusive coverage for Florida homes
  • Headquartered in Tallahassee, Florida
Drawbacks
  • Possibility of premium hikes due to significant storms
  • Absence of JD Power rating for customer service

Best For Military Families

Overall Rating
4.8

Key Statistics

9/10 Affordability
10/10 Customer Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

USAA put up a strong fight for the Best Overall title, coming in a close second primarily because it’s limited to military members and their families. Nonetheless, USAA remains solid and reliable across the board.

Founded in 1922 by a group of 25 Army officers who wanted to self-insure their cars, USAA now offers various insurance and financial products for U.S. armed forces members, Reserves, veterans, and their families. Headquartered in San Antonio, USAA operates multiple offices across the United States, as well as in London, Frankfurt, and Luxembourg.

USAA’s standard home insurance policy covers replacement costs for personal belongings and includes protection for active-duty and deployed service members’ uniforms. Optional coverage for events like earthquakes and home-sharing may also be available.

Eligible members can conveniently purchase USAA insurance products online using an active membership ID, through a local branch, or over the phone. USAA’s website features an automated agent chatbot to assist you in managing your online account, including bill payments, policy changes, and claims. Notably, USAA boasts an excellent A++ rating from AM Best, representing the highest level of financial strength for insurance companies.

Average premium for USAA home insurance in Naples: $141/month

Benefits & Drawbacks

Benefits
  • Standard inclusion of contents replacement cost coverage
  • Coverage for uniforms and equipment of active duty and deployed service members
Drawbacks
  • Limited number of discounts compared to competitors
  • Lack of physical locations in Naples for in-person assistance
  • Eligibility limited to current and former military members and their immediate families only

How To Find The Best Home Insurance Company For You

Finding the best home insurance company in Naples may take some time and effort, but it’s worth it. Your South Florida home is a significant financial asset, so it’s crucial to protect it and everything you own for the well-being of your family.

Follow these steps to discover the right policy for you:

  • Research home insurers in Naples online and narrow down your list to three companies you feel comfortable with.
  • Determine the coverage limits you need (you might need help from an agent).
  • Get quotes from the three insurers for the coverage you want.
  • Consider coverage, customer reviews, financial strength, and rates to choose the best company.
  • Fill out the application to get coverage.

Some companies allow you to do all of this online, while others require you to speak to an agent.

Largest Home Insurance Companies In Florida

Based on the Insurance Information Institute’s recent data on Florida home insurers in 2021, we have identified the companies with the most policyholders:

  • Universal Insurance Holdings
  • Citizens Property Insurance
  • State Farm
  • Tower Hill Insurance
  • Progressive
  • USAA
  • First Protective Insurance Company
  • HCI Group, Inc.
  • Florida Peninsula Holdings
  • Heritage Insurance

Average Cost Of Home Insurance In Naples, FL

Using the most recent U.S. Census data on median home values, here are the rates for a 2,100-square-foot home built in 1986 with $215,300 of dwelling coverage:

Insurer Annual Rate
Tower Hill $1,676
State Farm $2,016
Progressive $2,060
Universal $3,312
Average $2,220
Florida Peninsula $3,715
Heritage $2,442
HCI $2,458
Chubb $3,172

Homeowners Insurance Rates By ZIP Code

Insurer Average Annual Cost
34120 $2,513
34112 $2,572
34117 $2,416
34104 $2,476
34119 $2,414
34114 $2,487
34110 $2,436

How To Get An Online Home Insurance Quote In Naples

Here’s how you can get an online quote for home insurance in Naples:

  • Visit the websites of the insurers you’re interested in.
  • Fill out the quote form by answering questions about your home’s value, age, square footage, exterior material, zip code, and other requested information.
  • Submit the information and receive your quotes.

If some home insurance companies in Naples don’t provide online quotes, you’ll need to call a licensed agent near you for assistance.

How To Buy Home Insurance In Naples

Here’s a simple guide to purchasing home insurance in Naples:

  • Determine the coverage amount that suits your needs.
  • Request quotes from three reliable companies.
  • Complete your application for coverage by submitting the required premium.

Factors That Impact The Cost Of Your Home Insurance Policy In Naples

Several factors impact the cost of home insurance in Naples:

  • Location of the home (zip code)
  • Age of the home
  • Construction materials used (brick, stucco, etc.)
  • Proximity to flood zones
  • Claim history
  • Coverage amounts
  • Discounts offered by insurers

Additionally, in Naples, the distance to the Atlantic Ocean is a significant factor in determining the rates.

Florida Home Insurance Laws To Know

As of January 1, 2023, Florida enacted a new property law known as SB 2A.

This law establishes the Florida Optional Reinsurance Assistance Program (FORA), a significant billion-dollar safety net designed to help insurance companies in case of a hurricane season or a catastrophe similar to what occurred in 2022.

Furthermore, the law also eliminates the practice of Assignment of Benefits, which involves transferring insurance claim payments to contractors.

Home Insurance Discounts In Naples

When purchasing home insurance in Naples, it’s wise to inquire with your agent about available discounts that can help reduce your premium. Often, you can take advantage of multiple discounts on a single policy, including:

  • Claims-free: customers can get a discount when they renew their policy as long as they remain claims-free every year
  • Bundle: up to a 25% discount with some companies for bundling home and car insurance
  • Automatic payment: discount for having your premium automatically deducted from your checking account
  • New home: discount for insuring a newly constructed home
  • Responsible payment: additional discount for having a good payment history
  • Early payment: a discount for buying a new policy at least seven days before your old policy expires

In The News

• As reported by WFAA news in Tampa, experts in the home insurance industry anticipate a potential rise of up to 50% in Florida’s property insurance rates during the summer of 2023.

• United Property & Casualty (UPC) becomes the 10th property insurance company in Florida to enter receivership within the past three years.

Information About Naples

Naples, nestled on Florida’s Southwest coast, merges natural beauty and cultural allure. With pristine beaches, a historic downtown adorned with Mediterranean Revival and Old Florida-style architecture, and a vibrant arts scene, Naples offers a captivating experience. Outdoor enthusiasts can explore the renowned Naples Pier, Everglades National Park, and numerous parks and golf courses. The city also hosts art festivals, theater productions, and live music events, with notable attractions including the Naples Museum of Art and the Baker Museum. Embrace coastal splendor, cultural vibrancy, and outdoor wonders in Naples.

FAQs

Is home insurance more expensive in Florida?

Yes, home insurance in Florida is often 50% more expensive than in other states. Due to the well-developed coastal areas, insurance companies in Florida have suffered significant losses from major hurricanes. As a result, homeowners in The Sunshine State experience substantial rate increases to compensate for these costly damages.

How much per month is a million-dollar home insurance policy in Naples?

Insurance rates can differ among insurers, but among the more affordable options in Naples are Allstate, offering coverage at approximately $4,310 per year, and Nationwide, providing coverage at around $5,501 per year.

What is the average monthly cost of home insurance in Florida?

The price of home insurance can vary depending on the value of the home. For a dwelling coverage of around $250,000, the average yearly cost is approximately $2,200.

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