This Florida Peninsula Insurance review offers a glimpse at how the company stacks up according to customer data. We'll look at customer reviews, NAIC complaints, and more to give a sense of whether it's the best home insurance company for you.
Florida Peninsula says it aims to be both “responsible and responsive” when it comes to insurance and claims. This insurance carrier has an A, exceptional rating from Demotech and holds 3.35 percent of the Florida's homeowners insurance market share. A small slice of the Florida pie. The carrier sells homeowners, condo, renters, and flood insurance to Florida residents.
Florida Peninsula Insurance maintains a 2.9 out of 5 stars on Google Reviews. The reviews are fairly mixed, but negative reviews often cite a poor claims experience or policies cancelled without warning. Others note long waits to get covered repairs authorized and done. Most problems during the claims process seem to revolve around unresponsiveness. There seems to be little said, either positive or negative, about non-claims customer service and agent communications.
For reference, our more than 730 Trustpilot reviews often cite an easy buying and claims process. More than 84 percent of those reviews noted their agents were professional, knowledgeable, and caring. Customers also say they saved considerably after switching. The reviews demonstrate that we want Florida policyholders to save money and get policies they understand.
We're rated 4.8 out of 5 stars. You can see how we compare at a glance below.
Bottom line: Changing home insurance starts with really listening to customers. Give them a policy that's affordable, easy to understand, and reliable at claims time.
The National Association of Insurance Commissioners (NAIC) Complaint Index gives us a sense of how an insurance company's complaint scores compare to others. The score is weighted based on market share and premiums. This levels the playing field so a large, national company's score isn't more diluted than its smaller counterparts.
The national median is 1, meaning a score of 1 is a "normal" amount of complaints for a company of its size. A score of 0 means the company has fewer than expected complaints. A score of 2 suggests the company has more than twice the number of expected complaints.
Florida Peninsula Insurance has more than 6.5 times the expected complaints. Kin proudly sits at 0.
Every homeowner in Florida is trying to save money on homeowners insurance. Thanks to its high hurricane exposure, the state has some of the highest insurance premiums in the nation, averaging $1,951 each year.
Florida Peninsula, while not the most expensive insurer out there, is not super competitive for a regional insurance carrier. The average premium for a $300,000 new home is $2,557 per year – 88 percent higher than our average premium of $1,354 for the same type of home.
Average Annual Premium Comparison
|Value of Home||Kin Insurance||Florida Peninsula Insurance|
|$300k New Build||$1,354||$2,557|
Average premiums are illustrative only. Your insurance premiums may vary based on the home’s location, size, construction, and safety features. Get a quote to see what your rates will be.
Claims are the true test of an insurance company. This is the time when a policy is supposed to deliver on its promise. Unfortunately, many Florida homeowners have been left disappointed.
In Florida Peninsula Insurance's reviews, negative experiences seem to stem from a slow claims response. It's hard enough to deal with a loss and subsequent repairs. It's harder still to be left in the dark and not know what should happen next.
That's why we rely on technology and transparency throughout the claims process. With virtual inspections and aerial imagery, we can assess damage quickly and process claims faster. Plus, we guide you through every part of the claims process and help you get repairs done quickly and professionally through the insured, licensed local contractors in our Managed Repair Network.
Ready to experience better homeowners insurance? Get a quote today.
Don't settle for second best. Get a quote from Kin today!