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Disclaimer
The best homeowners insurance company in Orlando is State Farm based on our research. State Farm scored 4 out of 5 in our most recent study and offers a robust lineup of coverage options as well as diverse discount opportunities.
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Company | 360 Reviews Score | Average Annual Premium | Learn More |
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State Farm | 4.0 | $2,069 | Compare Quotes |
Allstate | 3.9 | $3,195 | Compare Quotes |
USAA | 3.9 | N/A*** | Compare Quotes |
Chubb | 3.7 | $1,734 | Compare Quotes |
Liberty Mutual | 3.6 | N/A** | Compare Quotes |
Average premiums based on dwelling coverage for average home value of state ($300,000) and $100,000 in liability coverage.
* Carrier has low market share. ** Unable to display rates. *** Rates not available.
Pros:
Thousands of local agents can provide personalized customer service and assist with claims
Large selection of optional coverages, including water backup, service lines, and expanded coverage for business property, dwelling, and liability
Cons:
Limited discount opportunities
No online purchase option
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Pros:
Green improvement add-on replaces items with more energy-efficient products when you file a claim
Discounts for automatic payments, bundling, early signing, and having a home security system
Cons:
No online purchase option
Most expensive average rates in Orlando, based on our research
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Pros:
Standard policies include replacement cost coverage and identity theft protection of up to $5,000
Active-duty military members receive service-specific benefits
Cons:
Only available to military members and their families
Limited add-on options
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Pros:
Cheapest average rates in Orlando from the insurers we analyzed
Offers free risk consulting to help you assess your insurance needs
Cons:
Limited discounts compared to competitors
Doesn’t offer online quotes
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Pros:
Discounts are available for homeowners who are claim-free, have recently installed a new roof, or are new homebuyers
Online claims process may take just five to 10 minutes
Cons:
Base policy is lacking compared to other insurers
Finding a local agent through the Liberty Mutual website may be challenging
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Pros:
Large selection of optional coverage items, including flood insurance, water backup, valueable items, and green improvements
Discounts for bundling, protective devices, new homebuyers, and certified “green” homes
Cons:
Online quotes are not always available
Doesn’t offer common discounts for customer loyalty or automatic payments
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Find the Best Home Insurance in Your Area
Get great homeowners insurance at an even better price.
Based on our research, homeowners insurance in Orlando typically costs between $1,700 and $3,200 per year. Those figures are based on quotes from several top providers for $300,000 of dwelling coverage and $100,000 of dwelling coverage.
However, like elsewhere in the state, home insurance costs in Orlando are highly variable based on how much coverage you need. For example, if you live in a more expensive home and need $500,000 of dwelling coverage, you can expect to pay $3,000 to $4,800 per year.
In addition to coverage limits, there are many other factors that are used to calculate annual home insurance premiums. Some of these factors include:
Average Yearly Premium With $100,000 in Liability Coverage
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Company | $200,000 Dwelling | $300,000 Dwelling | $400,000 Dwelling | $500,000 Dwelling |
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State Farm | $1,670 | $2,069 | $2,464 | $2,993 |
Allstate | $2,183 | $3,195 | $4,131 | $4,835 |
USAA | N/A*** | N/A*** | N/A*** | N/A*** |
Chubb | $1,154 | $1,734 | $2,284 | $2,841 |
Liberty Mutual | N/A** | N/A** | N/A** | N/A** |
Average Yearly Premium With $300,000 in Liability Coverage
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Company | $200,000 Dwelling | $300,000 Dwelling | $400,000 Dwelling | $500,000 Dwelling |
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State Farm | $1,690 | $2,089 | $2,484 | $3,013 |
Allstate | $2,222 | $3,234 | $4,170 | $4,874 |
USAA | N/A*** | N/A*** | N/A*** | N/A*** |
Chubb | $1,230 | $1,811 | $2,360 | $2,917 |
Liberty Mutual | N/A** | N/A** | N/A** | N/A** |
* Carrier has low market share. ** Unable to display rates. *** Rates not available.
Average premiums based on dwelling coverage for average home value of state ($300,000) and $100,000 in liability coverage. * Carrier has low market share. ** Unable to display rates. *** Rates not available.
Find the Best Home Insurance in Your Area
Get great homeowners insurance at an even better price.
Homeowners insurance rates in the Sunshine State are climbing at more than three times the national average. Florida lawmakers are making plans to get a handle on the insurance crisis; however, premiums will likely continue to rise in the interim.
There are several reasons for surging rates, including:
While homeowners insurance isn’t mandatory in Florida, many lenders require it for a mortgage. If you’re in a position to pay off your mortgage, you may have more flexibility with your insurance coverage.
There are a few methods for lowering your monthly home insurance premiums.
A good place to start is to get quotes from several different companies for the same amount of coverage. According to the Insurance Information Institute (III), insurance rates will vary from company to company.
You can also raise your deductible or lower your coverage amounts — but those can backfire if you end up needing large repairs to your home. Another option is to take advantage of as many discounts as you can. Some common options to look out for include a bundling discount, which usually applies if you get your home and car insurance through the same company, military discounts, and discounts for protective devices, such as home security systems. The availability of certain discounts will vary based on the insurance company.
Comparing Common Discounts Across Top Companies
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Company | Multi-Product Discounts | Loyalty Discounts | Protective Devices Discounts | Claim-Free Discounts | New Home Credit | Military Discounts | |
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| State Farm » | |||||||
| Allstate » | |||||||
| USAA » | |||||||
| Chubb » | |||||||
| Liberty Mutual » |
Visit our rating of the Cheapest Homeowners Insurance Companies and How to Bundle Home and Auto Insurance for more information on homeowners insurances costs and finding inexpensive homeowners insurance policies.
Your best homeowners insurance option will depend on your needs. For example, you’ll want to make sure that you can get adequate coverage at a price you can afford. When it comes to price, the monthly premium shouldn’t be your only concern. The deductible should also be something that you can handle, should you need to pay it. Otherwise, you run the risk of taking on debt, which is what insurance is meant to help you avoid. You’ll also want to make sure that you purchase adequate coverage for your home and belongings and that you can reach your insurer in case you have questions or need to file a claim.
Comparing Common Features Across Top Companies
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Company | OTHER STRUCTURES COVERAGE | IDENTITY THEFT PROTECTION | VALUABLE POSSESSIONS | WATER BACKUP | DWELLING/PERSONAL PROPERTY REPLACEMENT | |
|---|---|---|---|---|---|---|
| State Farm » | Yes | Optional | Optional | Optional | Optional | |
| Allstate » | Yes | Optional | Optional | Optional | Optional | |
| USAA » | Yes | Yes | Optional | No | Yes | |
| Chubb » | Yes | Optional | Optional | Yes | Yes | |
| Liberty Mutual » | Yes | Optional | Optional | Optional | Optional |
For more information about selecting the right policy for you, check out our guide to buying homeowners insurance.
A typical homeowners insurance policy in Florida covers damages to your house and separate structures, like a shed or driveway. Your personal belongings are also covered. It often includes loss of use, which kicks in if you need to find an alternative living situation while your home is being repaired. You may also see that labeled as additional living expense (ALE).
Liability is also covered in most homeowners insurance policies. This provides coverage in case someone from your household damages someone else’s property or you’re sued after someone is injured on your property. Also included in most cases is medical coverage, which would help pay the medical bills of someone injured on your property.
However, other coverages, like flood or earthquake damages, won’t be included in a standard home policy.
Flood insurance is a separate product from homeowner policies. It covers damages specifically caused by flooding, whereas homeowners policies may cover other water-related damages, such as damages resulting from a burst pipe. If you’re worried about flood damages to your house, you can buy federally backed flood insurance through the National Flood Insurance Program (NFIP). And you can go to FEMA’s Flood Maps Service Center to understand your flood risk based on your exact address.
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Company | Flood Coverage |
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State Farm | No |
Allstate | Yes** |
USAA | Yes* |
Chubb | Yes |
Liberty Mutual | Yes* |
* Coverage is available for purchase through the insurer, but the insurance may ultimately be from an external program, such as the NFIP, CEA, or another partner.
Earthquake coverage is another option that’s available to build out your home’s protection. Like flood insurance, it would kick in if your home were to have damage caused by an earthquake. This can include things like foundation damage or broken windows that wouldn’t be covered by a standard home policy. These damages wouldn’t be covered because the cause of such— an earthquake — is typically excluded from homeowners insurance. As a result, it can help to have extra coverage if earthquakes are something you’re concerned about. If this is the case, you should talk to your insurance agent or company to learn more about purchasing coverage.
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Company | Earthquake Coverage |
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State Farm | Yes |
Allstate | No |
USAA | Yes |
Chubb | Yes |
Liberty Mutual | Yes |
* Coverage is available for purchase through the insurer, but the insurance may ultimately be from an external program, such as the NFIP, CEA, or another partner.
Wind insurance is a special type of home insurance designed to protect homeowners against damage resulting from hurricanes, tornados, and other wind-related perils. This coverage typically comes with a separate deductible and provides homeowners with considerably more protection from wind damage than a standard home insurance policy. This type of coverage is especially important in areas prone to high winds, which are common in Florida during hurricane season.
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.
For more information on Homeowners Insurance please visit our other guides:
At U.S. News & World Report, we rank the Best Hospitals, Best Colleges, and Best Cars to guide readers through some of life’s most complicated decisions. Our 360 Reviews team draws on this same unbiased approach to rate the products that you use every day. To build our ratings, we researched more than 15 homeowners insurance companies and insurance agencies and analyzed 11 reviews from both professionals and consumers. Our 360 Reviews team does not take samples, gifts, or loans of products or services we review. All sample products provided for review are donated after review. In addition, we maintain a separate business team that has no influence over our methodology or recommendations.
For this study, U.S. News worked with Quadrant Information Services to analyze a report of publicly available insurance rates using all the available ZIP codes in Orlando for the insurance companies in our rating of the Best Homeowners Insurance Companies of 2024 that operate in that city. The insurance rates in our study are based on sample rates for a 47-year-old, married applicant household with a 728 FICO credit score. The rates were obtained for a HO3 policy covering a wood frame house with 10% Other Structures Coverage, 20% Loss of Use Coverage, 50% Personal Property Coverage, and a guest medical limit of $5,000.
When you use our links to buy products, we may earn a fee but that in no way affects our editorial independence.
