In Orlando, Florida, State Farm is both the overall best and cheapest choice for home insurance. If customer service is your priority, however, Chubb is best. These companies cater to different needs, and choosing the best cheap home insurance depends on factors like coverage options, customer service, and cost, which vary based on individual needs and preferences.
Best and Cheapest Home Insurance in Orlando, FL (2024)
Updated: December 13, 2024
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Best HomeInsuranceOrlando, FLTable of Contents
Best Overall - State Farm
Best for Service - Chubb
Best Cheap - State Farm
Cheapest Overall - State Farm
Cheapest for High-Value Homes - State Farm
Cheapest for New Homes - State Farm
Why Trust MoneyGeek?
We used data from Florida's Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Orlando. Our choices are supported by data and industry norms.
Home insurance premiums in Orlando are indicative of the most competitive estimates as of September 2024.
5,529,600Quotes Analyzed
8Companies Compared
Overview: Best Home Insurance Companies in Orlando, FL
MoneyGeek found that State Farm is the best option for home insurance in Orlando, Florida, for 100K dwelling coverage, earning a MoneyGeek score of 93 out of 100. The scores for home insurance companies in Orlando, Florida, range from 38 to 93. These ratings reflect MoneyGeek's scoring system, where insurers might receive different scores based on factors like credit history and the age of your home.
Data filtered by:Results filtered by:
Select
Category:Best Overall
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Coverages:1 - $100K Dwelling
| State Farm | 93 | $728 |
| Nationwide | 88 | $1,111 |
| Florida Peninsula Insurance | 81 | $1,133 |
| Chubb | 79 | $2,117 |
| Allstate | 72 | $1,735 |
| ASI | 69 | $1,300 |
| Heritage Insurance | 66 | $1,365 |
| Universal Property | 38 | $3,346 |
Overall Best Home Insurance in Orlando, FL
MoneyGeek found that State Farm is the best option in Orlando, Florida, for $100K Dwelling Coverage. The two best overall home insurance companies in Orlando for $100K dwelling coverage are:
- State Farm: MoneyGeek score of 93 out of 100 ($728 per year)
- Nationwide: MoneyGeek score of 88 out of 100 ($1,111 per year)
State Farm stands out as the best home insurance provider because it offers affordability and strong customer satisfaction, contributing significantly to its MoneyGeek score.
In Orlando, Florida, there are a variety of companies with different costs and service experiences. While cost is a crucial factor, consider customer satisfaction and coverage options as these become important when making claims.
Best OverallState Farm
MoneyGeek Score:
93/ of 100
Overview
State Farm scores high in affordability and customer satisfaction, making it a top choice. It offers comprehensive home insurance with coverages like scheduled personal property and building ordinance or law. You can save with discounts like bundle and protective device, which you can get by having multiple policies or installing security systems.
State Farm provides useful coverages for homeowners. Scheduled personal property covers valuable items like cameras and sports equipment. Building ordinance or law helps with costs if your home needs to meet new building codes. Back-up of sewer or drain covers water damage from backed-up drains. These coverages add value to your policy.
Best Home Insurance for Customer Service in Orlando, FL
MoneyGeek found that Chubb offers the best customer service in home insurance in Orlando, Florida, for $100K dwelling coverage. Here are the top two providers for this coverage:
- Chubb: MoneyGeek score of 96 out of 100 ($2,117 per year)
- Nationwide: MoneyGeek score of 87 out of 100 ($1,111 per year)
Chubb stands out due to its high customer satisfaction and comprehensive coverage options. These factors contribute significantly to its MoneyGeek score. Opting for Chubb means choosing a provider that excels in meeting customer needs.
Excellent service in home insurance means quick response times, effective claim handling, and reliable coverage options.
Best for Service QualityChubb
MoneyGeek Score:
96/ of 100
Overview
Chubb scores high for customer satisfaction and coverage, making it a top choice. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law coverages. You can save with discounts like new home and home renovation. For example, you get a discount if your home is renovated within the last six years.
Chubb's coverages are valuable for homeowners. Guaranteed replacement cost helps rebuild your home even if costs exceed limits. Building ordinance or Law covers bringing your home up to code. Cash settlement lets you choose not to rebuild and get a cash payout instead.
Best Cheap Home Insurance in Orlando, FL
MoneyGeek found that State Farm is the best cheap home insurance company in Orlando, Florida. The top two best cheap insurance providers for $100K dwelling coverage are:
- State Farm: MoneyGeek score of 96 out of 100 ($728 per year)
- Nationwide: MoneyGeek score of 88 out of 100 ($1,111 per year)
When it comes to the average cost of homeowners insurance in Florida, State Farm stands out due to its high affordability and excellent coverage options, which greatly contribute to its MoneyGeek score. However, cheap home insurance often involves choosing lower coverage levels.
This can help save money but may not be enough in case of significant damage. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial. It's important to know that the best cheap option might not always be the absolute cheapest available.
Best CheapState Farm
MoneyGeek Score:
96/ of 100
Overview
State Farm is the best cheap company with high scores in affordability and satisfaction. It offers comprehensive home insurance coverage, including building ordinance or law and back-up of sewer or drain. You can save with discounts like bundle and protective device. For example, installing a fire alarm can qualify you for savings.
State Farm's coverages are valuable for homeowners. Building ordinance or law helps if you need to rebuild to new codes. Back-up of sewer or drain covers water damage from backups. These coverages protect your home and wallet.
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Rates updated:
Dec 21, 2024
Many factors influence homeowners insurance in Orlando; location is one. The best way to save is by comparing rates, which can take 15 minutes per company. Comparing three or more companies might take over an hour. Use MoneyGeek's home insurance calculator to save time. Simply enter your age, dwelling coverage, credit score, deductible, liability coverage, and other details for an estimate.
Cheapest Home Insurance in Orlando, FL
In Orlando, Florida, State Farm emerges as the best option for cheap home insurance. A crucial factor affecting premiums is your dwelling coverage choice.
- For 100K Dwelling Coverage: State Farm: $728 per year
- For 250K Dwelling Coverage: State Farm: $1,350 per year
- For 500K Dwelling Coverage: State Farm: $2,211 per year
State Farm stands out as the least expensive homeowners insurance in Orlando based on cost and offers the highest MoneyGeek score. Purchasing the cheapest homeowners insurance in Florida can help manage finances effectively by lowering your expenses and providing necessary coverage.
Data filtered by:Results filtered by:
Select
Coverages:$100K Dwelling
| State Farm | $728 |
| Nationwide | $1,111 |
| Florida Peninsula Insurance | $1,133 |
| ASI | $1,300 |
| Heritage Insurance | $1,365 |
| Allstate | $1,735 |
| Chubb | $2,117 |
| Universal Property | $3,346 |
Cheapest Home Insurance for High-Value Homes in Orlando, FL
State Farm is the best option in Orlando, Florida, for cheap high-value home insurance. High dwelling coverage is vital for homes that cost more to replace, as
- Cheapest for $750K Dwelling Coverage: State Farm: $3,117 per year
- Cheapest for $1M Dwelling Coverage: State Farm: $3,926 per year
State Farm offers the lowest price for high-value homes in Orlando, Florida, making it stand out based on cost. According to MoneyGeek, it also ranks the highest among options in the city.
Data filtered by:Results filtered by:
Select
Coverages:1 - 750K dwelling
| State Farm | $3,117 |
| Allstate | $5,467 |
| Nationwide | $6,018 |
| ASI | $8,011 |
| Florida Peninsula Insurance | $9,250 |
| Heritage Insurance | $10,798 |
| Chubb | $16,293 |
| Universal Property | $18,810 |
Cheapest Home Insurance for New Homes in Orlando, FL
State Farm offers the most affordable home insurance for new homes in Orlando, Florida.
- Cheapest for $100K Dwelling Coverage: State Farm: $305 per year
- Cheapest for $250K Dwelling Coverage: State Farm: $568 per year
- Cheapest for $500K Dwelling Coverage: State Farm: $923 per year
State Farm is a great choice if cost is your main concern in Orlando. Although it has the best price, it may not rank highest in other areas.
Ensure you're also covered enough for your needs.
Data filtered by:Results filtered by:
Select
Coverages:1 - $100K Dwelling
| State Farm | $305 |
| ASI | $438 |
| Nationwide | $464 |
| Allstate | $749 |
| Florida Peninsula Insurance | $831 |
| Heritage Insurance | $900 |
| Chubb | $1,443 |
| Universal Property | $2,024 |
How to Find the Best Home Insurance for You in Orlando, FL
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums. The best cheap homeowners insurance in Orlando depends on your needs. Consider factors beyond premiums, like coverage limits and customer service. Follow these steps to get the best cheap home insurance: compare multiple quotes, assess coverage options, and check customer reviews.
- 1
Evaluate Your Insurance Needs
To determine how much home insurance you need, consider your home's specifics in Orlando, Florida, including rebuilding costs, personal property value, and liability needs.
- 2
Compare Different Providers
Research insurers in Orlando, Florida. Focus on those with strong financial stability, positive customer feedback, and a history of good service.
- 3
Compare Coverage and Costs
After identifying necessary coverages, compare home insurance quotes. In Orlando, Florida, premiums for $100K dwelling coverage range from $728 to $1,735 annually.
- 4
Ask About Discounts
Inquire with insurers about potential discounts, such as those for policy bundling, safety feature installations, or maintaining a claims-free history.
- 5
Increase Your Deductible
Opting for a higher home insurance deductible can reduce premiums, but ensure it's an amount you can manage in case of a claim.
- 6
Improve Home Security
Enhancing home security with systems and sturdy locks can decrease your home's risk profile and potentially lower insurance costs.
- 7
Maintain Good Credit
In Orlando, Florida, maintaining a good credit score can influence your insurance rates. Pay bills promptly and reduce outstanding debts.
- 8
Bundle Policies
Consider bundling your homeowners insurance with other policies, like auto insurance, for possible discounts and savings.
FAQ: Best Cheap Home Insurance in Orlando, FL
The best cheap home insurance provider for you in Orlando depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Orlando, Florida. Understanding these can help you make a smart and informed choice.
How much is home insurance in Orlando, Florida, on average?
Home insurance in Orlando, Florida, costs an average of $1,238 annually.
What is the cheapest home insurance company in Orlando, Florida?
The cheapest home insurance company in Orlando is State Farm with an annual premium of $728.
What is the best home insurance company in Orlando, Florida?
The best home insurance in Florida for Orlando residents is provided by State Farm, 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.