Best Homeowners Insurance in Tampa, FL for 2023

Nationwide stands out as the top choice overall for several reasons. Firstly, it boasts an impressive A+ (Superior) rating from AM Best, indicating strong financial stability. Additionally, it garners high customer satisfaction ratings across multiple online platforms, further affirming its reliability. Moreover, Nationwide has a robust presence of agents in South Florida, ensuring personalized assistance. Lastly, their rates are highly competitive, making Nationwide a solid choice all around.

What sets Nationwide apart is their comprehensive standard home insurance policy, which includes personal property coverage alongside unique coverages not commonly offered by other insurers. For instance, they provide reimbursement for credit card fraud and coverage for meeting stricter building codes in case of a rebuild.

Furthermore, Nationwide offers customizable add-ons to tailor your policy to your specific needs. One such option is Better Roof Replacement, which covers the cost of upgraded roofing materials in the event of qualified damage. Another valuable add-on is Brand New Belongings, providing replacement cost coverage for your personal belongings. In case of damage or loss, you’ll be reimbursed based on their depreciated value, allowing you to repurchase items and submit the receipts to Nationwide for reimbursement of the price difference.

Convenience is key with Nationwide, as they offer multiple avenues for purchasing Tampa home insurance. You can connect with a local Nationwide agent, make a purchase over the phone, or even complete the process online. Additionally, their user-friendly website and mobile app enable you to effortlessly file and track claims, make payments, and make necessary policy changes.

Nationwide’s average cost for homeowners insurance in Tampa: $209/month

USAA emerged as a strong contender for the title of Best Overall Tampa Home Insurance but secured a close second place due to its exclusive availability only to military members and their families. However, aside from this limitation, USAA remains a highly reputable choice across the board.

Founded in 1922 by 25 Army officers seeking to self-insure their cars, USAA has since expanded its offerings to encompass a wide range of insurance and financial products. It caters to members of the U.S. armed forces, Reserve, veterans, and their families. With its headquarters in San Antonio, USAA operates various satellite offices across the United States and even in international locations like London, Frankfurt, and Luxembourg.

USAA’s standard home insurance policies provide valuable features, including replacement cost coverage for personal belongings and specific coverage for uniforms of active-duty and deployed service members. Additionally, there may be options for optional insurance such as coverage for earthquakes, and home-sharing arrangements. However, if you need additional flood insurance, you should look for coverage from the National Flood Insurance Program.

For eligible members, USAA allows the convenient purchase of home insurance products online using an active membership ID, or alternatively, through phone assistance or local branch visits. To enhance customer service, USAA offers an automated agent chatbot on its website, granting quick access to online accounts for bill payments, policy changes, and claims management. Notably, USAA holds an impressive A++ rating from AM Best, denoting the highest level of financial strength available for insurance companies.

Average premium for USAA homeowners insurance in Tampa: $140/month

State Farm secured the position of our second runner-up, thanks to its strong presence of agents in Tampa and South Florida. This is of great importance, as it ensures not only the availability of numerous State Farm agents in the aftermath of severe storms or hurricanes but also the presence of claims adjusters and claims offices right in Tampa.

State Farm offers a reliable standard homeowners policy with personal property coverage that can be further customized with additional coverages to suit your specific needs. These additional coverages include protection for ordinance and law requirements, identity theft, and insurance for valuable items like jewelry. Unfortunately, if you live in a flood zone and in need of flood insurance, you will need to get coverage from the National Flood Insurance Program.

When it comes to financial stability, State Farm holds the highest available AM Best rating of A++. This signifies their strong financial strength and reliability.

State Farm provides optional replacement coverage for your home in Tampa, other structures, and personal belongings. This coverage ensures that damaged items are replaced at their current market value without factoring in depreciation. Without this endorsement, the replacement value is calculated based on the actual cash value of the items.

To get a Tampa home insurance quote from State Farm, you can start the process online. However, to purchase a policy, you will need to work with a local agent. State Farm also offers convenient online tools and resources, allowing policyholders to file insurance claims, manage their accounts, enroll in paperless billing, and access a comprehensive resource library to learn more about insurance-related topics.

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

Tower Hill stands out as a budget-friendly option for home insurance in Florida. It’s important to note, however, that the company lacks a JD Power score for customer satisfaction and holds a B++ rating from AM Best. These factors can be attributed to Tower Hill Insurance primarily operating as a Florida-focused insurer, with coverage limited to only 16 additional states.

Tower Hill’s home insurance allows homeowners to customize their coverage according to their specific needs. Alongside standard coverage types like dwelling and personal property coverage, their Typical and Prime Plus policies offer additional options called endorsements. These endorsements include extended replacement cost, water backup coverage, liability coverage and personal injury coverage.

What sets Tower Hill apart are its unique add-on coverage options that may be hard to find with other insurers. These include coverage for landscaping, food spoilage, trampoline liability, lock replacement and more. Moreover, their highest-tier Spire package incorporates various optional coverages directly into the policy.

Overall, Tower Hill provides affordable rates for Florida homeowners, although it’s important to consider their customer satisfaction score and financial strength rating alongside their coverage options.

Average Premium for Tower Hill homeowners insurance in Tampa: $121/month

Allstate goes above and beyond with a total of 11 homeowners insurance discounts in Tampa, including seven rare offerings, surpassing the industry average of seven discounts.

Here are some of Allstate’s notable discounts:

• Claims forgiveness: 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: Enjoy a $100 reduction in deductible when you sign up.
• Bundle: Save up to 25% by bundling your home and car insurance.
• Automatic payment: Get up to 5% off by setting up automatic payments.
• Loyalty: Receive up to 10% discount for renewing with Allstate.
• New Homebuyer: Discount available for recent homebuyers.
• New home: Discount for insuring a newly constructed home.
• Responsible payment: Additional discount for maintaining a good payment history.
• Early payment: Earn up to 10% off by purchasing a new policy at least seven days before your old one expires.
• Protective device: Discount for installing theft and fire protection systems.

Allstate’s homeowners insurance provides essential coverage for your dwelling, personal property coverage, liability coverage, guest medical protection, and other optional home coverage types. In addition to the standard coverages, Allstate offers homeowners a wide range of optional coverages.

With Allstate, you have the choice of nine optional coverage types for homeowners insurance. Alongside commonly offered coverages like ID theft and scheduled personal property, Allstate provides unique coverage for homeowners with yards and gardens, allowing for increased coverage limits for landscaping costs and riding lawnmowers.

Chubb is a top choice for homeowners with valuable assets to safeguard due to its extensive range of ancillary products and add-ons. However, it’s worth noting that budget-conscious homeowners in Tampa might find their rates slightly higher than average.

When it comes to insuring high-value homes, Chubb shines by providing various policy add-ons in addition to personal property coverage, particularly extended replacement cost coverage. This coverage ensures that your home can be rebuilt after a covered incident without financial burden. However, if your home is built on the floodplains, you might want to consider getting flood insurance from the NFIP as Chubb and other property insurers usually don’t offer it.

One notable perk is Chubb’s risk consulting program, which involves a Chubb consultant visiting your home to assess potential fire or security risks proactively, preventing accidents before they occur.

The Chubb Masterpiece insurance policy caters to the specific needs of affluent clients, including coverage for the restoration of electronic data damaged by a computer virus and property management services.

When it comes to insurance claims, Chubb claims agents have the authority to provide immediate claim payment. However, they cannot deny a claim without the approval of a manager. This approach aims to make the claims process as seamless and hassle-free as possible for policyholders.

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

Citizens Property Insurance Corporation plays a vital role in Florida’s property insurance market. It provides insurance protection to those who are entitled to coverage but can’t obtain it through the private market.

As one of Florida’s leading insurers, Citizens strives to deliver service that meets private-market standards to its customers.

The Florida Legislature established Citizens in August 2002 as a not-for-profit, tax-exempt government entity. Its purpose is to offer property insurance and personal property coverage to eligible property owners in Florida who are unable to find coverage in the private market.

Citizens is funded by policyholder premiums. However, according to Florida law, if Citizens faces a deficit after a particularly destructive storm or a series of storms, it may also impose assessments on most policyholders in Florida.

Average premium for Citizen’s homeowners insurance in Tampa: $180/month

Progressive stands out with the second highest JD Power customer satisfaction score among the companies we reviewed, excluding USAA. However, we didn’t award USAA the Best for Customer Satisfaction title because it only offers home insurance to military members and their families.

Progressive’s home insurance policies encompass the typical coverage types found in homeowners insurance:

• Dwelling coverage: Pays for repairs or replacement if your home is damaged by covered problems like fires or tornadoes.
• Other structures coverage: Covers repairs or replacement for structures not attached to your home, such as fences or sheds.
• Personal property coverage: Takes care of repairs or replacement for your belongings, such as clothes, electronics, and furniture.
• Liability coverage: Protects against property damage and injuries to others, including coverage for accidents that occur on your property. It also covers legal defense in case of a lawsuit.
• Additional living expenses coverage: Includes expenses for hotel stays, meals, and pet boarding if you cannot live in your home due to a covered issue like a tornado.

According to Progressive’s filings with the Florida Department of Insurance, 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 mixed or varied breeds of these, and any dog with a history of biting.

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