Florida Homeowners Insurance

While other insurance companies withdraw from Florida because of the high cost of hurricanes, Kin is proud to offer quality, affordable coverage to homeowners who need it most.

According to our data, the median cost of our Florida homeowners insurance is about $1,172 a year (though cost varies depending on your home’s characteristics, where you live, and other factors).

The best Florida homeowners insurance covers your home, other structures, and belongings for major risks, such as hurricane, sinkhole, and flood damage. If you want to experience peace of mind firsthand, get a quote today.

“In switching from my original insurance carrier to Kin, I saved nearly $200 a year with better coverage. An excellent experience in every regard.” – Julie C.

Creating the Best Homeowners Insurance in Florida 


We are a fully licensed Florida home insurance carrier with a financial stability rating of “A – Exceptional” from Demotech, Inc. That means we have the financial strength to pay claims, even after a widespread catastrophe.

Our HO-3 Florida home insurance policies offer:

Your policy covers your home for all damage except the perils explicitly excluded in the policy. That means you’re covered for hurricane damage, catastrophic ground cover collapse, and more.

Flood insurance and sinkhole insurance are both available as separate policies and not included in your standard home insurance policy.

“I plan on using Kin from now on. These guys really bend over backward to make something work for you and really give the best prices around.” – Stan V.

multi-color houses-minHow Much Is Homeowners Insurance in Florida?

Florida homeowners insurance costs vary depending on where you live, the age of your home, your home’s characteristics, and other factors. That said, the median cost of Florida home insurance is $1,172 a year, according to our data.

For an idea of how costs vary based on location, check out our guides below:

While you can’t control some factors that impact price, like the location of your home, you do have some options to reduce insurance costs.


How to Save Money on Your Florida Home Insurance

Kin offers the following home insurance discounts: 

  • Home security discounts (think security and fire alarms)
  • Wind mitigation discounts (the more wind-proof your home, the better)
  • Secured community discounts (if your community entrance has a guard, you’re in luck!)
  • Water detection discounts (because no one wants a flooded basement)

And here are some ways to save even more money on homeowners insurance:

  • Choose a higher deductible. This will lower your premium, but you will pay more out of pocket when you need to make a claim. Never take on a deductible you can’t comfortably afford.
  • Improve your credit score. This has a big impact on your rates. Simply paying your bills on time and not carrying a large balance on your credit cards can boost your score quickly.
  • Shore up your home’s wind defenses. Florida requires home insurance companies to offer insurance discounts for homes that are hurricane resistant. Reinforcing your roof and installing impact-resistant windows can significantly reduce your insurance bill.

Is Homeowners Insurance Required in Florida?

While homeowners insurance isn’t required at the state level, nearly all mortgage providers require it. What’s more, if your home is in a Special Flood Hazard Area (SFHA) like most Florida homes, your lender will usually require you to have flood insurance, too.

98% of Florida’s total population lives in coastal counties susceptible to hurricane and flood damage.

fl hurricane insuranceFlorida Hurricane Insurance

Your Kin policy covers hurricane wind damage and includes a hurricane deductible. This applies once per calendar year when you make a claim for losses caused by hurricane winds.

Hurricane deductibles are usually available as the following percentages of your policy's dwelling insurance:

  • 1 percent
  • 2 percent (this is Kin’s default option)
  • 5 percent
  • 10 percent

So if you have $300,000 in dwelling coverage and a 2 percent hurricane deductible, you’d be responsible for $6,000 toward a hurricane-wind loss.

As for flood damage that typically accompanies hurricanes, your standard home insurance can't cover that loss. Only flood insurance can do that.

Kin can help homeowners in Florida find affordable flood insurance to protect their homes.

When Hurricane Deductibles Apply in Florida

These deductibles apply when you experience property losses from hurricane winds. That means the loss must have occurred during a hurricane in the following timeframes: 

  • Starting when a hurricane watch or hurricane warning is issued for any portion of Florida by the National Hurricane Center.
  • Remaining in effect for as long as hurricane conditions persist.
  • Ending 72 hours after the end of the hurricane watch or warning.
In 2018, 2.8 million Florida homes were at risk in 2018 for storm surge damage from Category 5 hurricanes.
Insurance Information Institute

Does Florida Homeowners Insurance Cover Sinkholes?

Yes, to some degree – and that’s a good thing considering 6,500 Floridians file sinkhole-related insurance claims each year.

Florida law requires insurers to provide catastrophic ground cover collapse coverage, which can cover extreme sinkhole losses. For this coverage to kick in, all the following conditions must be met:

  • There's an “abrupt” collapse of ground cover
  • The depression in the ground cover is clearly visible
  • The home and its foundation sustain structural damage
  • A government entity condemns the structure and orders it to be vacated

Sinkhole insurance is a separate type of coverage not automatically included in a homeowners insurance policy. It offers more robust protection that applies to a variety of sinkhole losses.

Top 3 Risks for Florida Homeowners

florida risksThe risks your home faces depend on your location and your home's characteristics. However, in Florida, the biggest perils you may face are:

  1. Wind damage. In Florida, these claims average $5,300 or more, depending on where you live and the severity of the storm.
  2. Floods. The NFIP paid out more than $17 million in flood claims in 2016 for Florida alone.
  3. Sinkholes. The cost of a sinkhole claim can exceed $100,000, depending on the severity.
“Kin is a 5-star choice if you are searching for a lower cost policy. I will be saving $276 this year.” – Barbara C.

Tips for Florida Homeowners

  • Even if we’re not the best fit for your home, we can help you find coverage with our trusted insurance partners. 
  • Review your policy with us every year to make sure you qualify for every available discount.
  • Check out our claims center for insight into how we use technology to pay claims quickly and help you with repairs.

Ready to see the Kin difference? Get a quote today.

See How Much You Can Save

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