Best homeowners insurance in Orlando, FL For 2024

Nationwide is the best home insurance company in Orlando, in my professional opinion

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Updated: 04 May 2024
Written by Bob Phillips
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To find the best insurance providers, homeowners in Orlando are always on the lookout. If you’re in search of the perfect home insurance company, you’ve come to the right place.

Having lived in Florida for almost twenty years, I understand the challenges of selecting a company that can adequately protect your home and belongings from major losses. Based on my research and experience, I confidently recommend Nationwide as the top home insurance company overall.

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

Best Home Insurance Companies In Orlando, FL 2024

Compare The Best Home Insurance Companies In Orlando, FL

Overall Rating A.M. Best Rating Customer Satisfaction Rating (1000 Best) Best Suited For Online Experience Rating (10.0 Best) Get A Quote
USAA
4.8

A++

881

Military Families

8/10

Instant Quote
Chubb
4.6

A++

809

High-Value Homes

7/10

Instant Quote
Citizens
4.6

B++

Not Rated

Florida Based Insurer

6/10

Instant Quote
Tower Hill
4.5

B

Not Rated

Cheap Premiums

7/10

Instant Quote
Allstate
4.7

A+

816

People Looking For Discounts

9/10

Instant Quote
State Farm
4.8

A++

829

Agent Presence

9/10

Instant Quote
Nationwide
4.9

A+

815

Best Overall

8/10

Instant Quote
Progressive Insurance
4.7

A+

874

Customer Satisfaction

8/10

Instant Quote
Scroll to see comparisons

Our Methodology

We carefully assessed the best home insurance companies in Orlando through a thorough process. This involved analyzing data from trusted rating services like A.M. Best (financial strength) and J.D. Power (customer satisfaction). We also considered opinions from various consumer sites and drew from the author's personal experience. This comprehensive approach allowed us to effectively evaluate the insurance providers.

41

Quotes Analyzed

15+

Years Of Industry Experience

17

Brands Reviewed

19+

Research Hours

The Best Homeowners Insurance Companies In Orlando, 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 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

Benefits & Drawbacks

Benefits
  • Standard policy includes credit card protection
  • Competitive premiums available in Orlando
  • Additional coverages offered, such as upgraded roofing and replacement cost protection for belongings
Drawbacks
  • You'll need to reimburse for optional contents replacement cost coverage

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 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

Benefits & Drawbacks

Benefits
  • Standard contents replacement cost coverage is provided
  • Coverage extends to active duty and deployed service member uniforms and equipment
Drawbacks
  • Compared to competitors, the discounts offered are limited
  • There is a lack of in-person locations in Orlando
  • Eligibility is restricted to current and past military members and their immediate families

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

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

Benefits & Drawbacks

Benefits
  • We hold the highest available financial strength rating
  • Enjoy competitive premiums that provide exceptional value
  • Our extensive network of local agents in South Florida ensures personalized service
Drawbacks
  • Policies are exclusively sold through company agents and not available 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 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

Benefits & Drawbacks

Benefits
  • Enjoy the most affordable rates available in Orlando and throughout Florida
  • Choose from a wide range of coverage options to customize your home insurance to fit your individual needs
  • Benefit from specialized policy packages specifically designed for high-value homes
Drawbacks
  • Experienced a financial strength rating downgrade by AM Best in 2022
  • Lacks a mobile app and offers limited policy information on the website
  • Received a higher than average number of customer complaints reported to the National Association of Insurance Commissioners (NAIC)

Best For Florida-Based Insurers

Overall Rating
4.6

Key Statistics

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

Why We Like Them

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

Benefits & Drawbacks

Benefits
  • Headquartered in Tallahassee, Florida
  • Specializes in providing insurance coverage for Florida homes
Drawbacks
  • Lacks a customer service rating from JD Power
  • Premiums may increase as a result of significant storm events

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 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

Benefits & Drawbacks

Benefits
  • The Name Your Price tool enables you to tailor coverage according to your budgetary preferences
  • Provides rates that are highly competitive in the market
Drawbacks
  • Maintains a banned dog list in Florida that may result in disqualification for certain breeds seeking coverage
  • Does not offer options for additional dwelling coverage beyond the standard offerings

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 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

Benefits & Drawbacks

Benefits
  • Masterpiece-level policyholders have the flexibility to choose their own contractors and artisans for claim-related repairs
  • Provides thorough home assessments to ensure clients have customized coverage for emergency situations
  • Offers a cash settlement option for those who prefer not to rebuild their property in the event of a total loss
Drawbacks
  • Premiums for their policies are generally higher compared to most competitors due to the focus on high-value properties
  • Only offers agent-assisted quotes, online quoting is not available

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 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.

Benefits & Drawbacks

Benefits
  • Offers a diverse array of discounts to assist in reducing premiums
  • Boasts a significant presence of local agents and claims adjusters in South Florida
  • Demonstrates robust financial stability
Drawbacks
  • Experiences a higher volume of complaints compared to the national average

How To Find The Best Home Insurance Company For You

When it comes to finding the best home insurance company in Orlando, dedication is key, but the rewards are well worth it. Your South Florida home holds significant financial value, so it’s crucial to protect both your property and belongings for the sake of your family’s financial security.

To simplify your search, follow these steps:

  • Start by conducting thorough online research on home insurers in Orlando, narrowing down your choices to three reputable carriers that inspire confidence.
  • Determine the coverage limits that align with your specific needs (you can seek assistance from an agent to make an informed decision).
  • Request quotes for the desired coverage from the three insurers you’ve selected.
  • Evaluate the carriers based on their coverage options, customer reviews, financial strength, and rates.
  • Choose a provider that meets your criteria and aligns with your requirements.
  • Complete the application process to secure the coverage you require.

It’s important to note that while some companies offer a fully digital experience, allowing you to complete all these steps online, others may require direct communication with an agent.

Largest Home Insurance Companies In Florida

Based on the latest data from the Insurance Information Institute in 2021, we have curated a compilation of Florida’s home insurance companies boasting the largest policyholder base.

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

Average Cost Of Home Insurance In Orlando, FL

Based on the U.S. Census median home data, we have computed the insurance rates for a 2,100-square-foot home built in 1986 with $215,300 of dwelling coverage. These rates represent the typical expenses associated with insuring a property of this nature.

Insurer Annual Rate
Tower Hill $1,227
Chubb $1,760
Progressive $2,019
State Farm $2,112
Universal $2,352
Average $2,470
Allstate $3,195
Heritage $2,498
HCI $2,519

How To Get An Online Home Insurance Quote In Orlando

To get an online quote for home insurance in Orlando, follow these simple steps:

  • Visit the websites of the insurance companies you’re interested in.
  • Look for a quote form on their website and fill it out. Provide details about your home, like its value, age, size, materials, and your zip code.
  • Submit the information and wait for your quotes.

Keep in mind that not all home insurance companies in Orlando offer online quoting. If that’s the case, it’s best to contact a licensed agent in Orlando for assistance in getting a quote.

How To Buy Home Insurance In Orlando

To purchase home insurance in Orlando, follow these straightforward steps:

  • Choose the amount of coverage you need
  • Get quotes from three reputable companies
  • Submit your application for coverage with the required premium

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

Several factors affect the cost of home insurance in Orlando. These include:

  • The location of the home (zip code)
  • The home’s age
  • Construction materials (brick, stucco, etc.)
  • Proximity to flood zones
  • Your claim history
  • Coverage amounts
  • Insurer discounts

Living in Orlando, the proximity of your home to the Atlantic Ocean is a significant factor in determining your insurance rates. Homes located near the coast may face higher insurance costs due to increased exposure to potential weather-related risks

Home Insurance Discounts In Orlando

When seeking home insurance in Orlando, talk with your agent about potential premium reductions through various discounts. You might qualify for multiple discounts on your policy, such as:

• Claims-free: Yearly renewal discount for remaining claims-free

• Bundle: Up to 25% discount for combining home and car insurance with select providers

• Automatic payment: Discount for automatic premium deductions from your bank account

• New home: Discount for insuring a recently constructed residence

• Responsible payment: Additional discount for maintaining a good payment history

• Early payment: Discount for purchasing a new policy at least seven days before your current one expires

Florida Home Insurance Laws To Know

Starting from January 1, 2023, Florida put into effect SB 2A, a new property law.

One important change is the introduction of the Florida Optional Reinsurance Assistance Program (FORA), which provides a billion-dollar safety net to help insurance companies during hurricane seasons and other major disasters. This program aims to support and stabilize the insurance industry during challenging times.

Another significant change is the elimination of Assignment of Benefits (AOB), where insurance claim checks are signed over to contractors. This step aims to address concerns and promote transparency in the insurance claim process.

In The News

• A recent news report from WFAA in Tampa suggests that property insurance rates in Florida could significantly rise by as much as 50% during the summer of 2023, according to experts in the industry.

• Another concerning development is that United Property & Casualty (UPC) has become the 10th property insurance company in Florida to enter receivership in the past three years. This situation sheds light on the difficulties faced by insurers in Florida’s property insurance market.

FAQs

Is home insurance more expensive in Florida?

Florida homeowners should know that home insurance rates in the state can be much higher than in other places. Coastal areas have faced expensive damages from hurricanes, causing insurance companies to increase prices for homeowners. When budgeting for home insurance, it’s important for Florida residents to consider these factors to ensure they have the right coverage at a reasonable cost.

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

In Orlando, the cost of home insurance is determined by the value of your home. As a general estimate, if you have dwelling coverage of around $250,000, you can expect an annual premium of approximately $2,200.

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

In Orlando, insurance rates can vary among different insurers. If you’re looking for more affordable options, you may consider Allstate, which offers an annual rate of $4,310, or Nationwide, which offers an annual rate of $5,501.

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