Our editorial team analyzed regional and national home insurance companies that sell policies in Naples to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Situated in Southwest Florida, Naples is known for its white sandy beaches, high-end shopping opportunities, and vibrant art scene.
Homeowners in Naples pay an average of $9,319 per year for a home insurance policy with a $1,000 deductible and $300,000 in dwelling coverage. This is significantly more expensive than the national average of $2,584 for the same coverage. This might be due to the high hurricane risk in the area and Florida’s no-fault insurance system.
Fortunately, you can still find an affordable home insurance policy in Naples by shopping around and comparing multiple companies. Here’s what you need to know about home insurance coverage on the Paradise Coast.
Best home insurance companies in Naples
A number of the leading homeowners insurance companies serve Naples homeowners. But the ideal home insurer for you depends on your particular budget and insurance needs. To simplify your search, here are three of the best home insurance companies in Naples.
Cheapest rates: Security First Insurance
Security First Insurance is one of the largest home insurance companies in Florida. Compared to the other insurers writing policies in Florida, it offers the lowest premiums. MarketWatch named the insurer the No. 1 pick for hurricane protection. The company also has a Premier homeowners (HO-5) policy for Naples homeowners with homes valued between $500,000 and $2.5 million.
Best insurer for veterans: USAA
Best insurer for homeowners in gated communities: Nationwide
Cheapest home insurance companies in Naples
If you’re looking for the lowest home insurance premiums in Naples, Security First Insurance might be a good fit. On average, Naples homeowners who choose Security First Insurance pay $3,172 per year for $300,000 in dwelling coverage. The table below shows the cheapest homeowners insurance companies in Naples.
How much is home insurance in Naples?
The average cost of home insurance with $300,000 in dwelling coverage in Naples is $9,319 per year for a policy with a $1,000 deductible and $9,377 with a $500 deductible.
Several factors — like your desired coverage level, the size of your home, the location of your home, the value of your personal belongings, and your deductible — influence how much you pay for coverage.
Cost of home insurance by dwelling coverage in Naples
If your Naples home sustains damage from a covered loss, it’s essential you have sufficient dwelling coverage to rebuild it.1 The age of your home, its square footage, and interior features can all help you determine the right amount of dwelling coverage. Note that higher dwelling coverage amounts will lead to higher home insurance rates.
In the table below, you’ll see how different dwelling coverage levels in Florida may affect homeowners insurance premiums.
Cost of homeowners insurance by deductible amount
Your home insurance deductible is the amount of money you have to pay out of pocket when you file a claim. Once you pay your deductible, your policy will kick in and cover the rest. A higher deductible will lower your premiums, but you’ll need to ensure you have the cash to pay for higher out-of-pocket costs. Common deductibles are $500 and $1,000.
Here’s how deductible amounts affect annual home insurance premiums in Naples for policies with $300,000 in dwelling coverage.
Average cost of home insurance in other cities in Florida
Your location, down to the ZIP code, plays a role in your home insurance quote. This is due to the fact that weather, crime rates, and proximity to fire stations vary. For example, if you live in an area with a high hurricane risk, you’ll pay more for coverage.
The table below shows how rates in Naples compare to other Florida cities.
What to know about owning a home in Naples
As a Naples homeowner, be sure to familiarize yourself with a few risks and natural disasters that might affect your property, including:
Naples home insurance FAQs
Home insurance is an important expense. Below, you’ll find common questions about homeowners insurance in Naples.
On average, a home insurance policy in Naples costs $9,319 per year for $300,000 in dwelling coverage and a $1,000 deductible. Naples is susceptible to hurricanes and flooding, so you may also want to invest in flood insurance through the NFIP or a private insurer.
Security First Insurance offers the lowest rates for home insurance in Naples. Its average annual premiums are $3,172 for a policy with $300,000 in dwelling coverage.
Per the 80% rule, the home insurance company will only pay for the damage if your insurance coverage is at least 80% of your home’s total replacement value. If the amount of coverage is less than 80%, the insurer will only reimburse you an amount proportional to the minimum you should’ve purchased.2
No. It’s not difficult to lock in home insurance coverage in Naples. You can work with a home insurance agent or use an online comparison tool to find the right policy for your unique budget and situation.
The average cost of flood insurance in Naples is $799 per year, based on ZIP code data from the Federal Emergency Management Agency (FEMA). Note that your premium will depend on whether you go through a private insurance company or the NFIP.3
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