Best & Cheapest Renters Insurance In Florida For 2025

If you’re looking for the best renters insurance in Florida, our top recommendation is Nationwide. With its comprehensive coverage, competitive pricing, and excellent customer service, Nationwide stands out as the leading choice for renters in the Sunshine State.

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Updated: 14 February 2025
Written by Bob Phillips
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The average cost of renters insurance in Florida is approximately $185 per year, or about $15 per month. This makes it an affordable way to protect your personal belongings and liability.

Having had over 15 years of experience as a licensed property and casualty agent in Florida, I’ve helped many clients find the right renters insurance to suit their needs and budget. This deep industry knowledge allows me to provide insights that save you time and money while making sure you have the right coverage.

Keep reading to learn more about how renters insurance works, what it covers, and tips for finding the best policy for your situation.

Best Renters Insurance Companies In Florida 2025

Best Renters Insurance ,Florida, 2025

Compare The Best Renters Insurance In Florida

Overall Rating Best For A.M. Best Rating J.D. Power Rating Online Experience Get A Quote
Nationwide
4.9

Overall

A+

877

9.6

Instant Quote
Lemonade
4.5

Online Sales & Service

A

Not Rated

9.9

Instant Quote
Allstate
4.7

Coastal Coverage

A++

873

9.5

Instant Quote
State Farm
4.8

Bundle Discounts

A+

868

9.7

Instant Quote
Amica
4.7

High-Value Contents Coverage

A+

906

9.7

Instant Quote
Scroll to see comparisons

Best Renters Insurance Companies In Florida 2025


Best Overall

Overall Rating
4.9

Key Statistics

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

Why We Like Them

Nationwide is a standout choice for renters insurance in Florida due to its extensive coverage options, competitive premiums, and strong financial stability. With Nationwide, renters can customize their policies to include personal property protection, loss of use, and liability coverage, ensuring comprehensive security for various situations. Moreover, Nationwide’s user-friendly digital tools and dedicated customer service make managing policies and filing claims quick and hassle-free.

The company’s impressive A+ rating from A.M. Best reflects its financial strength, while its solid reputation for customer satisfaction further reinforces its reliability. Nationwide also offers discounts for policy bundling and protective devices, making it a cost-effective option for Florida renters.

Benefits & Drawbacks

Benefits
  • Customizable coverage options
  • Strong financial stability
  • User-friendly digital tools
Drawbacks
  • Limited availability in areas
  • Some discounts not stackable
  • Higher premiums for add-ons

Best For Online Sales And Service

Overall Rating
4.9

Key Statistics

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

Why We Like Them

Lemonade is the ideal choice for Florida renters seeking a seamless online experience for purchasing and managing renters insurance. Known for its innovative app and AI-driven platform, Lemonade makes it incredibly easy to get a quote, customize coverage, and file claims in just minutes. The entire process is digital, eliminating the need for paperwork or lengthy phone calls. Lemonade’s transparency in pricing and user-friendly interface further enhance its appeal, especially for tech-savvy renters.

In addition to its convenient platform, Lemonade stands out for its commitment to affordability and social impact. With premiums starting as low as $5 per month, Lemonade is an excellent choice for budget-conscious renters. The company also donates a portion of unclaimed premiums to charitable causes through its “Giveback” program, allowing policyholders to support their communities. While J.D. Power scores are not available for Lemonade, its overwhelmingly positive customer reviews highlight its reliability and customer satisfaction

Benefits & Drawbacks

Benefits
  • Simple, fast online process
  • Affordable premiums starting at $5
  • Socially responsible "Giveback" program
Drawbacks
  • Limited human customer support
  • No J.D. Power scores available
  • Coverage options may be basic

Best For Coastal Coverage

Overall Rating
4.7

Key Statistics

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

Why We Like Them

Allstate is an excellent choice for renters in Florida who need reliable coastal coverage. With extensive experience in insuring properties in hurricane-prone areas, Allstate offers tailored policies to address the unique risks faced by coastal renters. Their policies include options for windstorm coverage and flood protection, ensuring comprehensive coverage for weather-related damages. Allstate’s strong financial stability and dedicated claims support make them a dependable choice for renters looking to safeguard their belongings against Florida’s unpredictable weather conditions.

Along with its specialized coastal coverage, Allstate provides a wide range of discounts, such as multi-policy bundling and protective device savings, making it a cost-effective option for renters. Their user-friendly mobile app and online tools simplify policy management and claims filing, enhancing convenience for tech-savvy customers. With a robust reputation for customer satisfaction and extensive resources for disaster preparedness, Allstate stands out as the best choice for Florida renters seeking coastal protection.

Benefits & Drawbacks

Benefits
  • Specialized coastal and windstorm coverage
  • Strong financial backing
  • Extensive discounts available
Drawbacks
  • Higher premiums in high-risk areas
  • Limited coverage customization
  • Claims process can be slow

Best for Bundle Discounts

Overall Rating
4.8

Key Statistics

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

Why We Like Them

State Farm is an excellent choice for bundling discounts on renters insurance in Florida due to its reputation for reliable coverage and exceptional customer service. By bundling renters insurance with other policies, such as auto or home insurance, Florida residents can benefit from significant savings. State Farm offers customizable coverage options, ensuring that renters only pay for what they need. Their user-friendly mobile app and website make managing policies and filing claims seamless, providing peace of mind to policyholders.

Additionally, State Farm’s long-standing presence in Florida offers stability and trust. With a network of local agents, customers receive personalized service tailored to their specific needs. Bundling insurance policies through State Farm not only saves money but also simplifies the insurance process, with a single point of contact for multiple policies. Their commitment to the state ensures that renters in Florida receive the appropriate protection for their belongings and enjoy the financial advantages of bundling.

Benefits & Drawbacks

Benefits
  • Affordable bundling discounts
  • Customizable coverage options
  • Reliable customer service
Drawbacks
  • Limited high-value item coverage
  • Higher premiums in some areas
  • No discounts for safety features

Best for High-Value Contents Coverage

Overall Rating
4.7

Key Statistics

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

Why We Like Them

Amica is an ideal choice for renters insurance in Florida, especially for those with high-value contents. The company offers specialized coverage options that protect valuable items, such as jewelry, electronics, fine art, and antiques. Their policies can be tailored to ensure that high-value possessions are properly insured, either through scheduled personal property or higher coverage limits. This flexibility allows Floridians with expensive items to have peace of mind knowing they are adequately covered in case of loss or damage.

Amica’s reputation for excellent customer service also sets it apart. The company’s 24/7 claims service and easy-to-navigate online platform make managing policies and filing claims straightforward. Amica’s commitment to customer satisfaction is reflected in its high customer retention rates and positive reviews. With a history of providing reliable and comprehensive coverage, Amica stands out as a top choice for renters in Florida who need specialized protection for high-value contents.

Benefits & Drawbacks

Benefits
  • Customizable high-value item coverage
  • Excellent customer service
  • 24/7 claims support
Drawbacks
  • Limited physical agent network
  • Premiums can be higher for some
  • Limited optional coverage options

Is Renters Insurance Required In Florida?

In Florida, renters insurance is not legally required by the state, but many landlords or property management companies may require tenants to have a policy in place. While the law does not mandate renters insurance, landlords often include this requirement in the lease agreement as a way to protect both the tenant and the property owner.

For tenants, having renters insurance is a wise decision, even if it’s not required by law. It helps safeguard personal property, which may be costly to replace out-of-pocket. Furthermore, renters insurance may provide coverage for temporary living expenses if the rental unit becomes uninhabitable due to a covered event.

While not mandatory, renters insurance can provide peace of mind and financial protection. It’s important to review the lease agreement and check with the landlord to see if it’s a requirement, as failure to comply could result in penalties or lease termination.

Tips For Choosing The Best Insurance Company For Your Rental Property

Choosing the right renters insurance company is essential for protecting your personal property and ensuring peace of mind. With many options available, it’s important to carefully evaluate each insurer based on your needs, coverage, and reliability. The following steps will guide you in selecting the best insurance company for your rental property.

1. Assess Your Needs

Before choosing a renters insurance company, evaluate your personal belongings’ value and any specific coverage needs. Consider high-value items such as electronics, jewelry, or collectibles that may require additional coverage.

2. Compare Coverage Options

Look at the types of coverage offered by different insurers. Ensure that the policy covers personal property, liability, and additional living expenses in case of an emergency. Some companies may offer extra options, like flood or earthquake coverage, that may be relevant for your area.

3. Check Financial Stability

Choose a company with strong financial stability. You want an insurer that can pay out claims when needed. Check ratings from agencies like A.M. Best, Moody’s, or Standard & Poor’s to assess the company’s reliability.

4. Read Customer Reviews

Look for feedback from current or past customers regarding claims handling and customer service. Positive reviews and good ratings are indicators of a reputable company.

5. Compare Costs

Get quotes from several insurers to compare prices. Remember that the cheapest option may not always provide the best coverage. Balance affordability with the coverage and service you need.

How Much Is Renters Insurance In Florida?

The average cost of renters insurance in Florida is typically around $15 to $25 per month, or about $180 to $300 annually. However, the exact cost can vary significantly depending on several factors. These include the location of the rental property, the value of your personal belongings, the coverage limits, and any additional coverage options you may choose. For example, renters in areas prone to hurricanes or flooding may face higher premiums due to the increased risk of damage.

Other factors influencing cost include the deductible amount, the type of policy you select, and whether you bundle renters insurance with other policies, such as auto insurance. Your personal claims history and the security features of your rental property, such as alarm systems or deadbolt locks, can also affect premiums.

Additionally, high-value items like electronics or jewelry may require higher coverage, which can increase the cost. It’s important to shop around and compare quotes from different insurers to find the best coverage at a price that fits your budget.

Florida Renters Insurance Costs By City

Where you live in Florida can have a significant impact on the cost of renters insurance. Cities located in areas prone to natural disasters, such as hurricanes or flooding, tend to have higher premiums due to the increased risk of damage.

Coastal cities and those located near bodies of water may face higher rates compared to inland areas. Additionally, urban areas with higher population densities and more frequent claims may also see elevated insurance costs.

Here’s a table showing the average cost of renters insurance in 10 major cities in Florida:

City Average Monthly Cost
Miami $25
Orlando $20
Tampa $22
Jacksonville $18
Fort Lauderdale $26
St. Petersburg $21
Sarasota $19
Tallahassee $17
Gainesville $16

What Does Renters Insurance Cover?

Renters insurance provides essential protection for your belongings and liability, offering financial security in the event of unexpected incidents. Understanding what is covered under a renters insurance policy helps you make informed decisions about your coverage needs. Below, we break down the key components of renters insurance coverage.

Personal Property Coverage

Renters insurance typically covers personal belongings, such as furniture, clothing, electronics, and appliances, in the event of theft, fire, vandalism, or other covered disasters. It helps you replace or repair your possessions up to the policy’s coverage limit.

Liability Coverage

Liability protection is an essential part of renters insurance. It covers legal expenses and medical costs if someone is injured while on your property. For example, if a guest slips and falls in your home, liability coverage can help pay for their medical bills and any legal fees if you are sued.

Additional Living Expenses

If your rental becomes uninhabitable due to a covered incident, such as a fire or storm, renters insurance can cover additional living expenses. This includes the cost of temporary housing, meals, and other expenses while your home is being repaired or replaced.

Medical Payments To Others

This coverage provides small, no-fault medical payments if someone is injured on your property, regardless of who is at fault. It helps cover minor medical expenses without the need for a lawsuit or liability claim.

Loss Of Use Coverage

If you cannot use your rental due to a covered event, loss of use coverage can help with extra costs such as hotel stays and transportation.

Does Renters Insurance In Florida Cover Hurricanes?

Renters insurance in Florida typically does not cover damage from hurricanes. Standard policies may provide coverage for wind damage, but hurricane-related destruction such as flooding or storm surges is usually excluded. To protect against hurricane damage, renters can add a windstorm endorsement or purchase separate hurricane insurance.

This additional coverage can help with repairs to personal property and provide protection in case of significant damage due to the storm, offering peace of mind during hurricane season.

Does Renters Insurance In Florida Cover Tornadoes?

Yes, renters insurance generally covers tornado damage in Florida. Tornadoes are typically considered wind-related incidents, and most renters insurance policies include coverage for damage caused by windstorms. If a tornado damages personal property or the rental unit itself, renters insurance will typically cover repair or replacement costs.

However, it’s important to review your policy to ensure that the specific coverage for wind and tornado damage is included. Additional coverage may be needed for high-value items, depending on the policy.

Does Renters Insurance In Florida Cover Flooding?

Renters insurance in Florida does not cover flooding caused by heavy rains, storm surges, or rising water. Flooding is considered a separate peril, and standard renters policies exclude this type of damage. To protect against flooding, renters in Florida must purchase separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers.

Flood insurance will cover damage to personal property and the structure of the rental unit caused by rising water, ensuring comprehensive coverage in flood-prone areas.

Does Renters Insurance In Florida Cover Wind Damage?

Yes, renters insurance in Florida generally covers wind damage caused by events such as windstorms, tornadoes, and hail. Wind-related damage to personal belongings, such as furniture, electronics, and clothing, is usually covered under a standard renters policy.

However, damage caused by hurricanes may require additional windstorm coverage or a rider, as hurricanes are considered a separate risk. It’s important to review your policy to confirm that wind damage is included and to consider additional coverage if necessary for extreme weather events.

Does Renters Insurance In Florida Cover Fire?

Yes, renters insurance in Florida covers fire damage to personal property and the rental unit itself. If a fire destroys belongings or causes damage to the apartment or house you’re renting, your renters insurance policy will typically cover the cost of repairs or replacement. This includes damage from smoke, heat, and soot.

Renters insurance also provides liability coverage if the fire spreads and causes damage to neighboring units. It’s important to keep an updated inventory of belongings to ensure adequate coverage.

What Factors Affect The Price Of Renters Insurance In Florida?

Several factors influence the cost of renters insurance in Florida. Understanding these can help you manage your premium:

  • Location: Areas near water or prone to hurricanes and floods often have higher premiums.
  • Value of Personal Belongings: The more valuable your possessions, the higher your coverage limits and premiums.
  • Deductible: A higher deductible can lower your monthly premium but increase out-of-pocket costs.
  • Claim History: A history of claims may increase your rates.
  • Rental Property Type: Apartments may cost less to insure than houses.
  • Safety Features: Smoke detectors, security systems, and deadbolts may lower premiums.

Common Renters Insurance Discounts In Florida

Renters insurance providers in Florida offer various discounts that can reduce your premiums:

  • Bundling Policies: Combining auto and renters insurance with the same company can lead to savings.
  • Security Features: Installing security systems or smoke alarms can result in discounts.
  • Claim-Free Discounts: If you haven’t filed claims in several years, you may qualify for lower rates.
  • Property Age: Newer, well-maintained homes may qualify for discounts.
  • Loyalty Discounts: Long-term customers may receive reduced rates over time.

Common Renters Insurance Claims In Florida

The most common renters insurance claims in Florida include damage from natural disasters, such as windstorms, tornadoes, and hurricanes, as well as incidents like theft and water damage. Theft claims are frequent in urban areas or neighborhoods with higher crime rates, where personal belongings may be at risk.

Water damage, often caused by burst pipes or appliance malfunctions, is also a common claim. Fire and smoke damage, as well as vandalism, are other typical claims that renters in Florida may experience.

Our Methodology

Our methodology for evaluating Florida renters insurance companies includes a comprehensive review of several key criteria. We assess the range of coverage options available, such as personal property, liability, and additional living expenses, ensuring that each policy meets the needs of renters. Pricing is analyzed based on average costs, discounts, and bundling opportunities.

We also factor in customer satisfaction, examining reviews and complaints related to claims handling and service quality. Lastly, we evaluate the insurer's financial stability using ratings from trusted agencies like A.M. Best, ensuring they can effectively manage claims during emergencies.

74

Quotes Analyzed

25

Brands Reviewed

21+

Research Hours

15+

Years Of Experience

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