Why is home insurance so expensive in Florida?
Why is home insurance so expensive in Florida?
The story behind Florida home insurance costs Legislation specific to Florida property insurance, the state’s susceptibility to hurricanes, and a rising rate of insurance fraud have all contributed to the state currently costing homeowners almost twice as much for insurance as in other states.
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
Who is the largest property insurer in Florida?
Universal Property and Casualty Insurance CompanyThe 25 Largest Florida Homeowners Insurance Companies: Largest Insurance Company Policies in Force 1 Universal Property and Casualty Insurance Company 577,263 2 Citizens Property Insurance Corporation 466,506 3 Security First Insurance Company 334,335 4 Federated National Insurance Company 272,335 21 more rows
