Where to get new home insurance in Florida now that Farmers doesn't offer it
Our experts choose the best products and services to help make smart decisions with your money (here's how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
Joe Raedle / Staff / Getty Images
- Farmers insurance has confirmed it is pausing new homeowners policies in Florida.
- If you need home insurance in Florida, compare quotes and ensure you have enough disaster coverage.
- Compare homeowners insurance quotes with Policygenius »
Insurance provider Farmers has confirmed that it will no longer offer new policies for property in Florida.
"With catastrophe costs at historically high levels and reconstruction costs continuing to climb," Farmers spokesperson Luis Sahagun told News 6 Orlando, "we implemented a pause on writing new homeowners policies to more effectively manage our risk exposure."
It's unclear whether the company, which has operated in Florida since 2018, will discontinue policies in the state completely.
Farmers follows other insurers in pulling back from new policies in a given state — both State Farm and Allstate have paused new home insurance in California. There, too, severe weather and high construction costs make it more expensive to operate in the state.
Next Step: Compare homeowners insurance quotes with Policygenius
Companies that will insure a new home in Florida
Several of our picks for the best homeowners insurance companies are strong options if you need to insure your property in Florida, including:
- Amica: our pick for best homeowners insurance overall
- Progressive: our pick for best affordable pricing
- USAA: a great option for military members
If you're looking to open a new home insurance policy in Florida but don't know where to begin, it's worth comparison-shopping with multiple insurers to find the best quote. Especially given the state's risk of storms, it's also worth talking to an insurance agent to make sure you have adequate disaster coverage.
Flood insurance, for example, is not included in a standard homeowners insurance policy because it's not required for people who don't live in a high-risk area. Only about 14% of homes in the US are in those areas, and FEMA estimates that 30% of flood damage claims come from lower-risk zones, where homeowners aren't required to have flood insurance.
While you can get flood insurance through a private company, it's also available through FEMA via the National Flood Insurance Program.