Florida Home Insurance Calculator
Budget a Florida home's insurance from your own rate or quote: the yearly and monthly cost, the coverage, the hurricane deductible, Citizens and flood.
What This Calculator Does
Turns the home's size and rebuild cost, or a quote, into the yearly and monthly insurance cost for the escrow, a standard policy's coverage and the hurricane deductible in dollars, with the Florida and Citizens rules that apply. The premium is always yours: no insurer's rate is guessed.
Who Is This For
Buyers budgeting a South Florida purchase, realtors preparing an offer, owners comparing renewals, condo buyers, and investors with a rental.
How It Works
Pick the policy type and the county. Without a quote, enter the area, the rebuild cost per square foot and your agent's rate per $1,000; with a quote, its dwelling coverage and premium. Then the credit, the deductibles and flood, and press Calculate.
Frequently Asked Questions
How does Florida's hurricane deductible work?
Insurers must offer $500, 2%, 5% and 10% of the dwelling coverage (F.S. 627.701); from $250,000 of coverage, $500 is optional. It applies once per calendar year, and most conventional lenders accept 5% at most.
Does a homeowners policy cover flooding?
No: flood is a separate policy, from the NFIP or a private insurer. Lenders require it in FEMA zones that start with A or V. An NFIP policy usually starts after 30 days unless it's bought with the mortgage, and covers the building up to $250,000.
Who can get Citizens, and must I then buy flood insurance?
Citizens takes homes with dwelling coverage under $700,000 (under $1,000,000 in Miami-Dade and Monroe) when no private insurer offers comparable coverage for no more than 20% above its premium. Its policies with wind coverage must also carry flood insurance; condo-unit policies are exempt.
What does a wind-mitigation inspection do?
An inspector records the roof shape, how the roof is fastened, a sealed roof deck and the opening protection on form OIR-B1-1802, valid for 5 years. Insurers must credit these features on the windstorm part of the premium (F.S. 627.0629).