Best homeowners insurance in Orlando, FL For 2024

Nationwide secures the top spot overall for a variety of reasons. Firstly, it boasts an exceptional A+ (Superior) rating from AM Best, ensuring strong financial stability. Moreover, Nationwide shines in customer satisfaction ratings across numerous online platforms, demonstrating its unwavering commitment to providing excellent service. With a significant presence of agents in South Florida and highly competitive rates, Nationwide emerges as a reliable choice from all angles.

What truly sets Nationwide apart is its standard home insurance policy, which offers unique coverages not commonly found with other providers. For example, they offer reimbursement for credit card fraud and include ordinance or law coverage, ensuring compliance with more stringent codes when reconstruction becomes necessary.

Another advantage is the ability to customize your policy with add-ons. Better Roof Replacement allows for the coverage of upgraded roofing materials in the event of qualified incidents. Additionally, Brand New Belongings provides replacement cost coverage for your personal belongings. In case of damage or destruction, you’ll be reimbursed for the depreciated value of the items, allowing you to repurchase them and submit the receipts to Nationwide for reimbursement of the cost difference.

Purchasing home insurance from Nationwide is convenient, with various options available such as buying from a local agent, over the phone, or online. Furthermore, managing your policy is hassle-free through the user-friendly Nationwide website or mobile app, offering features such as filing and tracking claims, making payments, and making policy changes.

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

USAA secured a close second place for Best Overall due to its exclusive availability to military members and their families. Despite this limitation, USAA remains a highly reliable choice.

Founded in 1922 by a group of 25 Army officers who aimed to self-insure their cars, USAA has expanded to offer a range of insurance and financial products for members of the U.S. armed forces, Reserve, veterans, and their families. Headquartered in San Antonio, they also have offices in various U.S. locations, as well as in London, Frankfurt, and Luxembourg.

USAA’s standard home insurance policy provides valuable features like replacement cost coverage for personal belongings and coverage for uniforms of active-duty and deployed service members. Optional insurance coverage for events such as earthquakes and home-sharing may also be available.

Eligible members can conveniently purchase USAA insurance products online using their active membership ID, through phone assistance, or by visiting a local branch.

USAA prioritizes customer convenience by offering an automated agent chatbot on their website, allowing easy access to online accounts. Through the online platform, policyholders can manage tasks such as bill payments, policy changes, and claims. It’s important to note that USAA holds an excellent A++ rating from AM Best, indicating the highest level of financial strength for insurance companies.

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

Securing the second runner-up position, State Farm shines with its robust presence of agents in Orlando and South Florida. This is invaluable not only for the availability of a substantial number of State Farm agents in the aftermath of severe storms or hurricanes but also due to the presence of numerous claims adjusters and claims offices in Orlando.

State Farm provides a standard homeowners policy that can be tailored with additional coverages. These options include features like ordinance and law coverage, identity theft protection, and insurance for valuable items such as jewelry.

Significantly, State Farm holds the highest available financial strength rating from AM Best, boasting an impressive A++ rating.

For enhanced convenience, State Farm offers optional replacement cost coverage for your home, other structures, and personal belongings. This coverage replaces damaged items at their current market value without factoring in depreciation. Without this endorsement, replacement is determined based on the actual cash value.

While you can initiate the quote process with State Farm online, the actual policy purchase requires collaborating with a local agent. Policyholders can utilize the State Farm website or app to file claims, manage their accounts, and opt for paperless billing. The website also features a comprehensive resource library to enhance your understanding of insurance operations.

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

Tower Hill is the most affordable choice for insurance rates in Florida. However, it’s important to note that the company doesn’t have a JD Power customer satisfaction score and holds a B++ rating from AM Best. This is because Tower Hill specializes in Florida homeowners insurance and only provides coverage in 16 additional states.

With Tower Hill’s home insurance, homeowners can customize their own insurance plan. Alongside standard coverage for dwelling and personal property, their Typical and Prime Plus policies offer various options like extended replacement cost, water backup coverage, and personal injury coverage.

What makes Tower Hill stand out are the unique add-on coverage options they offer. These include landscaping coverage, food spoilage, trampoline liability, and lock replacement, among others, which may be difficult to find with other companies.

In addition, Tower Hill’s highest-tier Spire package already includes numerous optional coverages as part of the policy, making it more convenient for homeowners.

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

Citizens Property Insurance Corporation plays a crucial role in Florida’s property insurance landscape by providing essential protection to individuals who are unable to secure coverage through the private market.

As one of Florida’s prominent insurers for homes and businesses, Citizens is dedicated to upholding the same service standards set by the private market.

Established by the Florida Legislature in August 2002, Citizens operates as a government entity that is not-for-profit and tax-exempt. Its primary mission is to extend property insurance to eligible Florida property owners who face difficulties in finding coverage within the private market.

Citizens is funded through policyholder premiums. However, in the event of significant storms or a series of catastrophic events resulting in a deficit, Florida law mandates that Citizens levy assessments on most policyholders in the state.

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

Progressive stands out with an impressive second-place ranking for customer satisfaction, just behind USAA, according to JD Power. However, due to USAA’s exclusive focus on military members and their families, Progressive couldn’t claim the top spot for customer satisfaction.

Progressive’s home insurance policies cover the standard types of protection typically found in homeowners insurance. Let’s take a closer look at these coverage types:

• Dwelling coverage: In the event of a covered incident like a fire or tornado, this coverage repairs or replaces your home.
• Other structures coverage: Repairs or replacements for structures not attached to your home, such as fences or sheds, are covered.
• Personal property coverage: Belongings like clothing, electronics, and furniture are covered for repairs or replacements.
• Liability insurance: Property damage and injuries to others, including accidents on your property, are covered. It also provides legal defense in case of a lawsuit.
• Additional living expenses coverage: If you can’t stay in your home due to a covered incident like a tornado, this coverage pays for expenses like hotel bills, meals, and pet boarding.

It’s important to note that Progressive’s filings with the Florida Department of Insurance indicate that certain dog breeds may be 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. Keep these restrictions in mind when considering Progressive as your home insurance provider.

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

Chubb stands out as an exceptional choice for homeowners seeking to safeguard valuable assets, offering a range of additional features to enhance coverage. It’s worth noting, however, that budget-conscious homeowners in Orlando should be aware that Chubb’s rates generally exceed the average.

Chubb understands the unique considerations involved in insuring high-value homes. With Chubb, you have access to various policy add-ons, including extended replacement cost coverage, which ensures your home can be rebuilt following a covered incident.

Another advantage is Chubb’s risk consulting program, where a Chubb consultant can assess your home for potential fire or security risks before accidents occur, providing an extra layer of protection.

The Chubb Masterpiece insurance policy caters specifically to the needs of affluent clients, covering essential aspects like data restoration from computer viruses and property management services.

In terms of claims, Chubb claims agents are authorized to provide immediate claim payments, aiming to streamline the process and make it as smooth as possible. However, claim denials require approval from a manager, ensuring a careful review of the situation.

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

Allstate stands out with an impressive total of 11 homeowners insurance discounts, more than the industry average of seven. What’s notable is that seven of these discounts are uncommon, showing Allstate’s commitment to valuable savings.

Let’s take a closer look at some of Allstate’s noteworthy discounts:

Let’s take a closer look at some of Allstate’s noteworthy discounts:

• Claims forgiveness: Enjoy additional coverage that prevents your rate from increasing after filing a claim.
• Claims-free: Earn a 5% renewal discount each year as long as you remain claims-free.
• Deductible reward: Receive a $100 deduction from your deductible upon signing up.
• New home: Receive a discount for insuring a newly constructed home.
• Responsible payment: Enjoy an additional discount for maintaining a good payment history.
• Early payment: Save up to 10% by purchasing a new policy at least seven days before your old policy expires.
• Protective device: Get a discount for installing theft and fire protection devices.
• Bundle: Save up to 25% when bundling your home and car insurance.
• Automatic payment: Benefit from savings of up to 5% by setting up automatic payments.
• Loyalty: Earn a renewal discount of up to 10% for staying with Allstate.
• New Homebuyer: Enjoy a discount tailored for recent homebuyers.

Allstate’s homeowners insurance offers vital protections, including coverage for your dwelling, personal property, liability, and guest medical expenses. But what sets Allstate apart is the array of optional coverages that allow homeowners to tailor their policies to their specific needs.

With nine optional coverage types, Allstate goes above and beyond the usual offerings. In addition to popular choices like identity theft and scheduled personal property coverage, Allstate provides specialized coverage for homeowners with yards and gardens. This unique option includes higher coverage limits for landscaping expenses and protection for riding lawn mowers, ensuring thorough safeguarding for your outdoor areas.