The Best Renters Insurance in Florida

There are nearly 22 million Florida residents and 35% of them are renters. Floridian renters require specialized service when choosing the best renters insurance due to Florida’s unpredictable weather that includes hurricanes, tornadoes and hail. We compared five companies for Florida renters insurance, including State Farm, Liberty Mutual, Nationwide, Castle Key and Citizens. The last two specialize in providing Floridians with renters insurance. Compare renters insurance carriers for your Florida rental.

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    America’s top-rated renters insurance

    • Policies starting at just $5/month
    • Sign up in seconds, claims paid in minutes
    • Zero hassle, zero paperwork
    In this article

      We use our proprietary SimpleScore methodology to compare insurance companies.

      The best renters insurance companies in Florida 

      Best for saving money – State Farm

      State Farm offers customizable policies to fit your needs. In addition to offering a wide array of coverage options, State Farm is also known for providing excellent customer service.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore State Farm 4.2
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 5
      Support 4
      Accessibility 4

      State Farm has some of the best ratings and prices.

      Founded in 1922, State Farm is a household name for its popular auto insurance, homeowners insurance, and life insurance policies. However, the company also offers quality renters insurance for consumers who want to protect their personal property but don’t own their homes. Its renters policies offer comprehensive loss protection caused by aircraft, falling objects, fire, freezing, hailstorms, ice, lightning, snow, theft, vandalism, and riots. 

      Best for seniors – Liberty Mutual

      Liberty Mutual sells a wide range of insurance products, including renters insurance. You can also find a wide array of addons to ensure that your property is adequately insured.

      J.D. Power Rating
      3/5
      AM Best Rating
      A
      Standard & Poor’s
      A
      SimpleScore
      4 / 5.0
      close
      SimpleScore Liberty Mutual 4
      Discounts 5
      Coverage Options 4
      Customer Satisfaction 2
      Support 4
      Accessibility 5

      Liberty Mutual is perfect for beginners and seniors.

      While Liberty Mutual’s standard renters insurance policies offer basic coverages, the discount programs exceed most other insurance companies. If a standard policy doesn’t fit your needs, Liberty Mutual has a few options such as earthquake, jewelry and replacement cost coverages to provide more comprehensive protection.

      Best for college students – Nationwide

      With Nationwide you can tailor your policy to include lower coverage limits for personal property or liability.

      J.D. Power Rating
      2/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA+
      SimpleScore
      3.8 / 5.0
      close
      SimpleScore Nationwide 3.8
      Discounts 4
      Coverage Options 5
      Customer Satisfaction 2
      Support 4
      Accessibility 4

      Nationwide is a great renters insurance company for students. 

      Nationwide’s renters policies cover the contents of your rented home or apartment and they can even provide coverage for loss of use — or the out-of-pocket expenses you’ll encounter as you find another place to live. You can also get coverage for personal liability, medical payments to others, building additions and alterations and credit card coverage that pays for unauthorized charges made to your card.

      Best for claims service – Castle Key

      As a specialized division of Allstate, Castle Key offers everything Allstate does, but just for Florida residents. Unfortunately, Castle Key does not have the same excellent ratings as Allstate.

      J.D. Power Rating
      5/5
      AM Best Rating
      B
      Standard & Poor’s
      N/A
      SimpleScore
      3.6 / 5.0
      close
      SimpleScore Castle Key 3.6
      Disconts 5
      Coverage Options 2
      Customer Satisfaction 5
      Support 3
      Accessibility 3

      Castle Key is just for residents of Florida, but comes with everything Allstate has to offer — great customer service and prices.

      Castle Key is a specialized division of Allstate that provides renters insurance to Floridians. Allstate is already a well-respected renters insurance company, with excellent claims service and extra protections that will come in handy with Florida’s unpredictable weather. Allstate has a five out of five rating from J.D. Power for how it handles claims.

      Best for private coverage – Citizens

      While the website is difficult to navigate, Citizens offers local renters insurance to Florida residents who can’t find renters insurance through private companies. 

      J.D. Power Rating
      N/A
      AM Best Rating
      A
      Standard & Poor’s
      N/A
      SimpleScore
      3.8 / 5.0
      close
      SimpleScore Citizens 3.8
      Disconts 3
      Coverage Options 3
      Customer Satisfaction N/A
      Support 4
      Accessibility 5

      As a non-profit organization, Citizens is perfect for Florida renters who can’t find private coverage.

      Citizens is available exclusively to Florida residents as a not-for-profit government organization. It is a popular solution for those who cannot find private coverage, and Citizens offers exclusive savings like discounts for homes with storm windows and shutters and homes in compliance with Florida building codes.

      [Read: Is Renters Insurance Worth it?]

      Find the Best Renters Insurance in Florida

      Save money on renters insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated renters insurance

        • Policies starting at just $5/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        How much does renters insurance cost in Florida? 

        The country’s average cost of renters insurance is $180 a year. The average renters insurance rate in Florida is $188, so it’s pretty close to the national average. The cost of your premium will differ depending on the type of coverage you choose, your deductible and which company you choose. Make sure you get the basics that will cover you should there be fire damage, flood damage, theft, wind damage or a personal injury.

        [Read: The Cheapest Renters Insurance Companies]

        Choosing your provider 

        Compare local and national rental insurance carriers when choosing insurance in your state. Determine which company is the best fit for your budget and your needs. You might find a local carrier fits your needs better than a nationwide carrier.

        Local carrier

        Pros 

        • Understands your area better and knows which options you’re going to need covered.
        • Better rates than national providers.
        • Customizable plans according to your location.

        Cons 

        • Might be more likely to close business than a national carrier.
        • Probably not rated with J.D. Power, Standard & Poor’s or AM Best.
        • Doesn’t have as many customer service contact options.

        National carrier

        Pros

        • Is usually rated by AM Best, Standard & Poor’s and J.D. Power.
        • Is usually open 24/7 with customer service available via phone, text, website and live chat.

        Cons 

        • Doesn’t have the personal touch a local carrier might.
        • Policies may be too generic.

        Things to know about renters insurance in Florida 

        Hail, hurricanes, flooding and high winds are all widespread in Florida. These events create a need for a different kind of renters insurance with specialized features that cover things like sinkholes, lightning and hurricanes. Florida has a weather system of its own, so renters must be diligent in ensuring maximum coverage for all types of events.

        The Florida Housing Finance Corporate reports in a new study that the number of renter households in 2017 exceeded 2.5 million. With so many renters and so many potential natural disasters, renters insurance is a necessity to protect your home and all of your belongings inside.

        As tourism continues to rise, visitors are more common. It is essential to ensure your belongings are covered, as well as theirs. Renters insurance will protect your home, your belongings and any guests on the property.

        Florida’s minimum renters insurance requirements 

        Renters insurance is not required by law for Florida residents, but that doesn’t mean you shouldn’t have it. Your landlord can require you to purchase renters insurance and stay covered while you live there. Landlords do this to ensure that if someone gets injured in your rental, they can get covered by your rental insurance. If you didn’t have rental insurance, the injured person could go after the landlord to pay for the medical bills. You could go with the bare minimum coverage, but it’s often better to get the add ons or upgraded coverage. For example, if your belongings are worth more than about $35,000, you will need additional coverage. Most companies provide $100,000 in liability coverage should a visitor get injured or have property damaged while at your rental. If you can afford more coverage, you should get it.

        Florida renters insurance FAQs

        Renters insurance is especially prevalent in Florida, given its propensity for damaging storms. Consider extra protections based upon where you live. Areas closer to shore will need flood insurance more than someone living near Disney. Florida also experiences strong winds from frequent storms, and areas closer to shore could require more coverage than other areas. Some companies provide wind coverage, but not all. Determine how much risk you have and how much coverage you’d need to replace your belongings to find out how much insurance you need.

        Florida has more lawsuits than other states, so renters insurance will provide the extra protection you need. Renters insurance can also protect your belongings from the storms Florida tends to get. Also, many landlords require renters insurance, so check your lease. While your landlord’s policy covers the building, your belongings inside are not covered unless you pay for an insurance policy.

        Renters insurance only covers the individuals listed on the policy. If your roommate is not on your policy, he or she is not included. If they have coverage and you are not listed on their policy, you are not covered. Roommates should provide their own coverage.

        We welcome your feedback on this article and would love to hear about your experience with the insurers we recommend. Contact us at inquiries@thesimpledollar.com with comments or questions.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore™

        Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We awarded higher scores to insurance providers with more discounts available on their website.

        Coverage Options

        We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.

        Support

        We awarded higher scores to renters insurance providers with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.

        Nicky LeMarco

        Contributing Writer

        Nicky LaMarco is a business and finance writer who has written for Interest, Bizfluent and Houston Chronicles.

        Reviewed by

        • Nashalie Addarich
          Nashalie Addarich
          Insurance Editor

          Nasha Addarich is an editor at The Simple Dollar and a former attorney who specializes in home insurance, auto insurance, life insurance, and savings. She is a former contributing editor to Reviews.com.