Best and Cheapest Renters Insurance in Florida for 2025

Last updated Jun 30, 2025

The average renters insurance premium in Florida is around $210 per year as of 2025, slightly above the national average. In Florida, your renters insurance premium is impacted by factors such as your location, hurricane exposure, building age, the fire protection class, and individual surcharges and credits. {

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According to FEMA, Floridians experienced over 160 major disasters between 1953 and 2020, with hurricanes and tropical storms accounting for the majority. More recently, Hurricane Ian in 2022 and Hurricane Idalia in 2023 reinforced the need for reliable coverage. While you may not own the apartment or house you live in, you likely own valuable items inside your rental home. Purchasing the right renters insurance with sufficient coverage can help prevent you from suffering a major financial loss.

A bar chart comparing Renters insurance in Florida

The average renters insurance premium in Florida rose to around $210 in 2025, driven by increases in weather-related claims and construction costs. The chart above compares this with other states and the national average. While some coastal areas are seeing rates above $250, inland cities may still enjoy rates closer to $160.

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Why do you need Renters Insurance?

Your landlord's own insurance only covers damage to the structure. Renters insurance protects your belongings inside the apartment from fire, theft, or water damage. It also covers your additional living expenses if your place becomes uninhabitable due to a covered loss. Plus, it can protect you financially if someone is injured in your home and you're held liable.

💡Takeaway: Renters insurance is not required by law in Florida, but it is a smart and affordable investment to protect your personal belongings and provide liability coverage. Click here to compare renters insurance prices in your area.

Coverages for Renters Insurance

The most common renters insurance coverages in Florida are listed below. Be sure to review your policy and ensure it fits your needs, especially given Florida’s high exposure to natural disasters and rising rebuild costs.

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  • Personal Property (Coverage C)
    This covers the value of your belongings like furniture, clothing, and electronics. You can add endorsements for high-value items like watches, collectibles, and sporting equipment.
  • Personal Liability (Coverage E)
    This covers legal costs and settlements if someone is injured on your property or if you cause damage to someone else's property.
  • Loss of Use (Coverage D)
    Helps with hotel bills and other living expenses if your rental becomes uninhabitable due to a covered incident like a hurricane or fire.
  • Medical Payments (Coverage F)
    Offers coverage for minor injuries sustained by guests, regardless of who was at fault.
💡Replacement cost vs. Actual cash value
A replacement cost policy will reimburse you for a brand-new item of similar kind and quality, while an actual cash value policy pays only the depreciated value. In Florida, replacement cost is increasingly preferred due to the state’s frequent claims and higher repair costs.

What factors impact the Renters Insurance price in Florida?

Renters insurance pricing in Florida is based on a base rate adjusted by individual factors. These include:

  • Amount of personal property and liability coverage
  • Your deductible and claim history
  • Location and proximity to high-risk zones (like coastlines)
  • Type and condition of the building
  • Availability of protective devices like smoke detectors and alarms

What discounts are available for Renters Insurance?

Most carriers provide various discounts for renters insurance as well just like for auto insurance. Here are some most common discounts. You can also check this blog for more details.

Discount Description
Multi-Policy If you purchase both renters and auto insurance from the same company, you may qualify a discount for the auto insurance.
Secure Home If you have extinguishers, burglar alarms devices or you are in a gated community, you may qualify for the secured home discount. This averages about 5% from quite a few carriers.
Claim-free Just like auto insurance is lower for accident-free drivers, renters insurance is also cheaper for claim free tenants. If you have never reported any claims before, you will qualify for the claim-free discounts from quite a few carriers.
Age Usually, for renters insurance, older people pay less than younger people for a similar property. So, if you’re a college student and trying to find a renters policy for your apartment near school, you probably will pay more.
Good Credit A customer with a credit score higher than 700 can often get a better rate than those who don’t.
Pay-in-full If the carrier supports both monthly and yearly payment, usually paying-in-full will give you a discount. In other words, if you choose to pay monthly, you should pay attention to the extra fee charged by your carrier.
Paperless A few carriers even provide paperless discounts. But more and more new insurance carriers do not offer it probably because the overall cost has already been saved.

Other risks to consider in Florida

Unfortunately, most renter’s insurance policies do not cover damages to your personal property caused by a flood or an earthquake. Florida tenants do face the risks of natural hazards such as fire, hurricane, and freezing . Therefore, it is also a good idea to check with your insurance agent and learn more about what policies are available that cover these specific disasters.

risk in Florida - Fire
Fire
risk in Florida - Hurricane
Hurricane
risk in Florida - Freezing
Freezing

Last but not least, thanks to the increased risk of the exposure of personal information on the Internet in today’s digital world, it is also important to check if your renter’s insurance provides identity theft protection.

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Renters Insurance Rates for Cities in Florida

We compiled data about Renters Insurance rates for every city in Florida. This list is updated on Jan 06, 2020. A word of caution, as you explore the list below, there is no doubt you will find a wide price range.

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References

  1. FEMA
  2. NAIC
  3. U.S. Census Bureau

Disclaimer
Our articles are intended for informational purposes and should not be considered legal or financial advice. Our articles are not written or reviewed by insurance agents. Consult your policies with your agent or a professional for details regarding terms, conditions, coverage, exclusions, products, services, and programs.

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