Updated: December 13, 2024
Advertising & Editorial Disclosure
In Cape Coral, Florida, Nationwide is the best and cheapest home insurance company overall. However, if customer service is your priority, Chubb is the top option.
These companies address different needs, so choose a provider based on what matters to you: cost, customer service or coverage options.
Best HomeInsuranceCape Coral, FLTable of Contents
Why Trust MoneyGeek? We used data from Florida's Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Cape Coral.
Home insurance premiums in Cape Coral represent the most competitive estimates as of September 2024.
Nationwide is the best home insurance option for $100K dwelling coverage in Cape Coral, FL, with a MoneyGeek score of 93 out of 100.
Home insurance companies in Cape Coral have scores ranging from 38 to 93, according to MoneyGeek's scoring system. Scores vary based on factors like credit history and home age.
| Nationwide | 93 | $983 |
| State Farm | 92 | $1,175 |
| Chubb | 80 | $3,806 |
| Florida Peninsula Insurance | 77 | $2,378 |
| Allstate | 75 | $2,703 |
| ASI | 70 | $2,031 |
| Heritage Insurance | 62 | $2,927 |
| Universal Property | 38 | $6,508 |
Nationwide is the best home insurance company in Cape Coral, FL, for $100K dwelling coverage because it offers a balance of affordability and high customer satisfaction. The overall top providers are:
Although cost is important, also consider customer satisfaction and coverage options because these factors matter when making claims.
Nationwide scores high in affordability and coverage, making it a top choice for home insurance. Discounts for bundling policies and equipping your home with protective devices like smoke detectors or alarms can help you save money.
Its comprehensive coverages include cyber event/ID theft and scheduled personal property. Guaranteed replacement cost coverage helps rebuild your home after a loss. Service line coverage financially protects against losses due to damage to underground lines, and equipment breakdown covers repairs for mechanical issues.
Chubb offers the best customer service in home insurance for $100K dwelling coverage in Cape Coral, FL. The top providers in this category are:
Chubb excels in customer satisfaction, reflecting how much customers value its service and smooth claims process.
Great home insurance service means fast claims handling and efficient customer support.
Chubb leads in service quality with high customer satisfaction and coverage scores. Discounts, such as new home (for properties 10 years old or less) and home renovations (for properties renovated in the last six years), help lower costs.
It offers comprehensive home insurance, including guaranteed replacement cost and building ordinance or law coverages. Guaranteed replacement cost coverage ensures your home is rebuilt even if expenses exceed policy limits. Building ordinance or law coverage pays for upgrades to meet current codes after a loss.
Nationwide is the best cheap home insurance company for $100K dwelling coverage in Cape Coral, FL, due to its high affordability score. The top budget-friendly providers for this coverage amount are:
If saving on premiums is a priority, considering the cheapest homeowner insurance companies can help. However, choosing cheap home insurance often means settling for lower coverage, which may not provide enough protection if an accident happens.
The difference between the best cheap and low-cost home insurance lies in the balance of cost and coverage quality.
Nationwide is the best cheap company with high affordability and satisfaction scores. Discounts like bundle, for combining home and auto policies, and protective device, for homes with alarms or smoke detectors, help reduce premiums.
It offers comprehensive home insurance with valuable coverages like service line protection, equipment breakdown and building ordinance or law. These help cover repairs for service lines, fix broken equipment and rebuild homes to current codes.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 21, 2024
Many factors influence homeowners insurance in Cape Coral, like location. Comparing rates is the best way to save, but it may take over an hour since reviewing each company's quote takes about 15 minutes. MoneyGeek's home insurance calculator helps you save time by focusing on key factors. Just enter your age, coverage, credit score, deductible and liability coverage.
Nationwide offers the lowest home insurance rates in Cape Coral, FL. Here are the cheapest overall providers:
The key factor affecting home insurance costs is the dwelling coverage you select. Nationwide is the cheapest for $100K and $250K coverages. For those needing $500K coverage, State Farm offers the lowest rate.
Choosing the cheapest homeowners insurance in Florida can help you manage your finances more effectively.
| Nationwide | $983 |
| State Farm | $1,175 |
| ASI | $2,031 |
| Florida Peninsula Insurance | $2,378 |
| Allstate | $2,703 |
| Heritage Insurance | $2,927 |
| Chubb | $3,806 |
| Universal Property | $6,508 |
State Farm is the cheapest option for high-value home insurance in Cape Coral, FL. Properties with high replacement costs require higher dwelling coverage, which raises home insurance costs.
State Farm is the most affordable homeowners insurance provider, earning top marks for both affordability and high-quality service.
| State Farm | $5,159 |
| Nationwide | $6,178 |
| ASI | $11,888 |
| Allstate | $17,016 |
| Florida Peninsula Insurance | $19,396 |
| Heritage Insurance | $23,586 |
| Chubb | $28,007 |
| Universal Property | $34,238 |
State Farm offers the cheapest insurance for new homes in Cape Coral, FL.
Despite having the lowest costs, State Farm may not always be the best-rated. It’s also crucial to ensure adequate coverage to protect your home.
| State Farm | $462 |
| Nationwide | $500 |
| ASI | $774 |
| Allstate | $1,068 |
| Heritage Insurance | $1,304 |
| Florida Peninsula Insurance | $1,482 |
| Chubb | $2,533 |
| Universal Property | $3,198 |
The best cheap homeowners insurance providers balance quality and cost, offering excellent customer service and coverage at affordable premiums. The best option for you depends on your needs. Consider factors like coverage, customer service and deductibles.
Follow these steps to find the best cheap home insurance:
To determine how much home insurance coverage you need, consider your rebuilding costs, personal property value and liability requirements.
Research insurance companies in Cape Coral, FL. Focus on those with a strong financial background, positive customer feedback and a history of reliable service.
Once you understand your coverage needs, compare home insurance quotes. In Cape Coral, FL, average annual premiums for $100K dwelling coverage range from $983 with Nationwide to $6,508 with Universal Property.
Inquire with each insurance provider about discounts, such as for bundling policies, installing home safety features or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can afford if a claim arises.
Enhancing your home's security with systems and sturdy locks can lower its risk profile and potentially decrease insurance costs.
Having a good credit score can influence your insurance rates. Ensure timely bill payments and reduce outstanding debts.
Consider combining your homeowners insurance with other policies like auto insurance for substantial discounts and savings.
The best cheap home insurance provider depends on your coverage needs and budget. Get answers to common questions about the best affordable insurance rates in Cape Coral, FL.
The average annual cost of home insurance in Cape Coral, Florida, is $2,092.
The cheapest home insurance company in Cape Coral, Florida, is Nationwide, with an average annual premium of $983.
Nationwide provides the best home insurance in Florida for Cape Coral residents, with a MoneyGeek score of 93 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
