Florida’s property insurance market is unlike any other state. Carriers have exited the market, premiums have spiked, and many buyers discover too late that insurance on their new home costs far more than expected. Here’s what you need to know before you close.
Why Florida Insurance Costs More
Three factors drive FL premiums higher than the national average:
- Hurricane exposure — even inland properties face wind risk
- Roof age and material — carriers in Florida often refuse to insure or charge 3× more for roofs over 10–15 years old
- Litigation environment — Florida historically has had high claims litigation, which carriers factor into pricing
Get Your Inspection Report First
A professional home inspection — including a wind mitigation report — directly impacts your insurance quote. A documented hip roof with hurricane straps can save $500–$1,500/year on your premium. Get the inspection done, then shop for insurance with real data in hand.
What to Compare When Shopping Carriers
- Replacement cost vs. actual cash value coverage
- Hurricane deductible (often 2–5% of dwelling value, separate from your standard deductible)
- Flood coverage (NOT included in standard homeowners policies — must be purchased separately)
- Loss of use / additional living expenses
- Carrier financial strength rating (A.M. Best)
We Shop Multiple Carriers For You
As a licensed FL P&C agency (NPN 21717998), we compare multiple FL-approved carriers to find you the best rate and coverage fit. One call, multiple options. Get your free quote here or call (407) 476-6667.
Also working with a buyer’s agent? Quality Real Estate Services coordinates your purchase, inspection, and insurance from one office — so nothing falls through the cracks before your closing date. For financing, visit OrlandoReBroker.com — we shop 240+ lenders.