What is the average cost of homeowners insurance in Florida?

What is the average cost of homeowners insurance in Florida?

The average cost of homeowners insurance in Florida is $1,648 per year for a $250,000 dwelling coverage policy. This is about 19% higher than the national average premium of $1,383 per year for the same amount of coverage. 2 days ago

Is hurricane insurance mandatory in Florida?

Despite the high risk, Florida doesn’t specifically require hurricane insurance. That’s because hurricane insurance isn’t a separate policy you can purchase. It’s included in a standard property insurance policy.

Is Citizens insurance AM Best rated?

The company is not rated by Standard and Poor (S&P), J.D. Power or AM Best. However, Citizens Insurance has fewer than average complaints as reported in the National Association of Insurance Commissioners (NAIC) Company Complaint Index. Nov 4, 2021