What is the average cost of landlord insurance in Florida?

The average cost of landlord insurance in Florida is $2,159 per year for $350,000 in dwelling coverage, according to the latest data available from Kin. As a landlord, you’ll pay more to insure your rental property than you would if the home was owner-occupied and you were purchasing standard homeowners insurance.

In general, Florida is one of the most expensive states to insure any type of home, largely due to extreme weather exposure.

How much is landlord insurance in Florida?

On average, landlord insurance in Florida costs $180 a month, or $2,159 per year, for a Kin policy with $350,000 in dwelling coverage. Dwelling coverage is the portion of your policy that pays to repair or rebuild the home's structure. It's based on what the property would cost to build from the ground up — not its market value, which includes the land and considers current real estate trends. How much dwelling coverage you need is one of the biggest factors influencing your policy cost. The higher your dwelling coverage limit, the more you'll pay.

A landlord insurance policy typically costs 15% to 25% more than a standard Florida home insurance policy would for the same property, according to the Insurance Information Institute. That's because landlord insurance includes fair rental value coverage — reimbursement for lost rental income if a tenant has to move out due to covered damage. Tenant-occupied properties also tend to see more claims than owner-occupied ones, since the owner isn't on-site to catch small maintenance issues early. Landlords also face added liability exposure if a tenant or their guest is injured on the property.

The table below breaks down average monthly and annual premiums for landlord insurance in Florida based on the amount of dwelling coverage the policy includes.

^{Average premiums for Kin home insurance customers as of August 2026.} 

Average cost of landlord insurance in Florida by region

Where you live within the Sunshine State has a tremendous impact on your landlord insurance costs. While prices can vary due to a number of other factors, you’ll generally pay more the closer you are to the Atlantic or Gulf Coast. This is due to the increased risk of damage from hurricanes and tropical storms.

The table below breaks down relative costs for landlord insurance in Florida based on region:

Landlord insurance in high-risk areas of Florida

If you rent out a property in one of Florida's high-risk areas (such as the Gulf Coast), you may have trouble finding landlord insurance from a private insurer. In that case, you may qualify for a policy through the Citizens Property Insurance Corporation, a state-created nonprofit that provides coverage when private options aren't available.

Even if you can qualify for a policy from a private insurer in a high-risk part of Florida, your rate may be too expensive to afford. In that case, you may still be able to get a policy through Citizens — specifically, if the standard market policy costs 20%-plus more than a comparable policy through Citizens.

Factors that impact the cost of landlord insurance in Florida

Multiple factors affect the overall cost of landlord insurance in Florida, including:

• Location: The rental property’s location in relation to the coast is one of the biggest factors affecting your landlord insurance cost (called your premium in industry-speak). If your property is on or near the coast, hurricanes pose a greater risk due to heavy winds, hail, and storm surge.

• Property characteristics: The age and condition of your property also determines your landlord insurance rate. Concrete block construction homes can better withstand hurricane-force winds and are thus typically cheaper to insure. Homes with hurricane shutters, impact-resistant windows, and, most importantly, properly anchored roofs designed to withstand hurricanes are also cheaper to insure than those that aren’t as protected against major storm events.

• Rental type: How you rent your property can also impact the cost of landlord insurance in Florida. Generally, long-term rentals (meaning the same tenant lives there for several months) pose fewer risks than short-term or vacation rentals, which have a higher liability risk. That risk is reflected in the premium.

• Policy tier: Landlord insurance comes in a few coverage tiers, and choosing a more basic tier to save money means accepting more limited protection.

• Claims history and credit: If you have a history of routinely filing claims, insurers will deem you a higher risk, which yields higher rates. Similarly, your credit-based insurance score can also affect rates. According to FICO, a lower credit score indicates a greater likelihood of filing a claim. Insurers consider this when setting rates for landlord insurance in Florida.

• Hurricane deductible: In Florida, home insurance and landlord insurance policies have a separate hurricane deductible, often 2%, 5%, or 10% of the dwelling coverage limit. Choosing a lower deductible means you’ll pay less out of pocket in the event of a claim, but lower deductibles also result in much higher annual premiums.

Pro tip: That policy tier decision is worth a closer look, since it affects both what's covered and how much you'll be paid out on a claim. Landlord insurance typically comes in three tiers, with cost and coverage increasing at each level. DP1 is the cheapest option, but it only covers a short list of specific named perils — typically nine, including fire and lightning — and pays out based on actual cash value, meaning your payout is reduced based on the property's age and wear. A DP2 policy covers a longer list of named perils (typically 18) and usually pays out at full replacement cost instead, with no depreciation deducted. But most landlords choose DP3, the most comprehensive and most expensive tier. It covers a broad range of risks by default, rather than only a fixed list and also pays at replacement cost.

How to lower the cost of landlord insurance in Florida

Florida landlord insurance costs are among the highest in the nation, but there are still ways to lower your rate:

• Ask about discounts: Most insurers offer some kind of discount opportunities, though what's available and how much you can save varies by company. It's always worth asking what's on offer. 

• Get a wind mitigation inspection: A wind mitigation inspection in Florida checks whether your home meets safety standards that can qualify you for discounted insurance rates. If the report flags improvements you could make, addressing them can lower your rate even further.

• Adjust your deductible: Choosing a higher deductible results in a lower premium. But be careful with your hurricane deductible specifically. For instance, choosing a 10% hurricane deductible for a home with $500,000 in dwelling coverage will lower your premium, but it also means paying $50,000 out of pocket before coverage would even kick in for a covered hurricane claim.

• Bundle your policy: You can often qualify for substantial savings by bundling multiple types of insurance together. This just means purchasing two or more policies from the same company — for instance, landlord insurance plus homeowners insurance or car insurance (or all three).

• Shop around at renewal: Whenever your policy is up for renewal, compare quotes from multiple insurers. Just make sure it’s an apples-to-apples comparison, meaning you’re looking at policies with the same types and amounts of coverages and the same deductibles.

• Choose long-term tenants: Policies for long-term rentals are almost always cheaper than short-term rentals. 

Frequently asked questions

Who has the cheapest landlord insurance in Florida?

The cheapest landlord insurance in Florida will vary. It depends on the type of rental property you own, where in Florida it’s located, the age and condition of the property, and your unique coverage needs. To find the company that can offer you the cheapest rate, get personalized quotes from several insurers to compare — taking care to specify the same coverage types and policy limits each time.  

How much more expensive is landlord insurance than homeowners insurance?

Landlord insurance costs around 25% more than a standard homeowners insurance policy for the same property, according to the Insurance Information Institute. That's largely because rental properties see more wear and tear from tenant turnover, and the vacancy periods between tenants raise the risk of issues like vandalism, theft, or damage going unnoticed.

Do I need flood insurance for my rental property in Florida?

A standard landlord insurance policy in Florida excludes coverage for flood damage. If you live in an area with moderate to high risk of flooding, purchasing a separate Florida flood insurance policy is a good idea. If you still have a mortgage on your rental property, your lender might even require it.

Is landlord insurance required in Florida?

Florida state law doesn’t require landlord insurance. However, if you have a mortgage, your lender likely will. Even if they don’t, carrying landlord insurance is a good idea for rental property owners to protect the financial investment you’ve made in your property and your assets in case of a liability lawsuit. Plus, landlord policies typically include fair rental value coverage (sometimes called loss of rental income coverage), which protects your anticipated income if your tenant must move out following a covered claim.