Cost of Flood Insurance in Florida

The average cost of flood insurance in Florida is $857 per year. However, the cost can vary depending on a number of factors, including the property's location, elevation, and flood risk. For example, homes in high-risk flood zones may pay more for flood insurance than homes in low-risk flood zones. The type of coverage you choose can also affect the cost of your flood insurance premium. For example, a policy with a higher coverage limit will typically cost more than a policy with a lower coverage limit.

Here are some of the factors that can affect the cost of flood insurance in Florida:

• Property location: The cost of flood insurance is higher for properties located in high-risk flood zones.
• Elevation: The cost of flood insurance is higher for properties that are below sea level or that are located in floodplains.
• Flood risk: The cost of flood insurance is higher for properties that are more likely to flood.
• Type of coverage: The cost of flood insurance is higher for policies with higher coverage limits.
• Deductible: The cost of flood insurance is lower for policies with higher deductibles.
• Credit score: The cost of flood insurance may be lower for policyholders with good credit scores.

If you are considering purchasing flood insurance, don't hesitate to reach out to us today. You can also use the National Flood Insurance Program's (NFIP) FloodSmart Map Service to find out your flood risk and get an estimate of your flood insurance premium.