Orlando residents pay an average of $5,710 annually for homeowners insurance with a $1,000 deductible and $300,000 in dwelling coverage, which is much higher than the national average of $2,377 per year but lower than the Florida state average of $10,996. You can find the most affordable home insurance coverage by comparing quotes from multiple insurers.

Orlando homeowners pay higher rates due to a number of risks, including damage from hurricanes — specifically severe storm winds and flooding from heavy rainfall. Due to the high risk from severe weather, many insurers have decided to stop selling coverage in Florida, creating a smaller, more expensive insurance market.1

Here’s what you need to know about homeowners insurance in Orlando, including how to find a great deal.

Best home insurance companies in Orlando

A number of homeowners insurance companies serve homeowners in Orlando. The ideal home insurance company for you depends on your particular situation and unique coverage needs.

Start your search below with four of the best home insurance companies in Orlando.

Cheapest rates: Travelers

Best insurer for high-value homes: Security First Insurance

Orlando has several affluent neighborhoods with luxury homes, such as Windemere and Rose Isle. If you have a high-value home, coverage from Security First Insurance may make sense. The company has a Premier Homeowners (HO-5) policy geared toward Florida homeowners with a home worth between $500,000 and $2.5 million. If you invest in damage mitigation features, you may save money on your coverage.

Best insurer for military personnel: American Integrity Insurance

Veterans make up nearly 6% of Orlando’s population. If you’re part of the military community, you might want to consider American Integrity Insurance. This Florida-based homeowners insurance company offers a discount for active and retired military members. You can even get coverage if you have a vacant home.

Best insurer for local service: Florida Peninsula Insurance

If in-person or personalized service is important to you, Florida Peninsula Insurance can be a good fit because the company has many local insurance agents in the Orlando area. Plus, the insurer guarantees speedy claims handling within 24–48 hours, so you won’t have to wait long to get a potential home insurance claim investigated.

Cheapest home insurance in Orlando

If you’re looking for the cheapest home insurance in Orlando, Travelers is likely your best bet. Its policyholders pay average yearly rates of $993 for home insurance.

The table below shows the cheapest home insurance companies in Orlando. Average annual premiums reflect costs for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible.

Cost of homeowners insurance in Orlando

Average home insurance rates from Orlando home insurers range from $993–$16,631, making it important to do your research and compare home insurance policies and premiums. Your rate will depend on various factors, such as your coverage options, deductible, the size of your home, credit history, and previous home insurance claims.

Cost of homeowners insurance by dwelling coverage amount

If your home faces damage from a covered loss, it’s crucial that you have enough dwelling coverage to rebuild it. To determine the right amount, consider your home’s age, the square footage, the number of stories, architectural style, and interior features. Higher dwelling coverage will lead to more expensive home insurance rates.

Below, you’ll find how different dwelling coverage levels in Florida may affect annual home insurance premiums. Rates shown are for policies with a $1,000 deductible.

Cost of homeowners insurance by deductible

Your home insurance deductible will determine how much you need to pay out of pocket after a covered loss before your policy covers the rest. You can expect cheaper home insurance premiums with a higher deductible. But before you opt for a higher deductible amount, make sure you have the funds to pay for higher out-of-pocket costs if you have to file a claim.

Here’s a look at how deductible amounts influence annual home insurance rates in Orlando for policies with $300,000 in dwelling coverage.

How to get cheap homeowners insurance in Orlando

You can follow these tips to secure more affordable home insurance coverage in Orlando:

• Shop around. It’s a good idea to get homeowners insurance quotes from at least three different home insurance companies. This way, you can compare your options and find the most competitive home insurance rates.

• Explore discounts. Most home insurers offer discounts to customers. Some examples of discounts you might qualify for include multi-policy, loyalty, and new-home discounts.3

• Bundle insurance products. If you have another insurance policy, like car insurance or health insurance, you can bundle it with your homeowners insurance. You can score a discount for buying multiple insurance products through the same insurance company.

• Enhance your home. You might get a cheaper homeowners policy if you add certain safety features to your home. Some of the best homeowners insurance companies offer discounts to people who invest in burglar alarms, deadbolt locks, and smoke detectors.

• Double-check your coverage. Take a close look at your home insurance policy. Make sure you’re only paying for the coverage you need for your home and its risks.

Florida homeowners insurance rates by city

Your location within Orlando will affect your home insurance rates due to variances in weather, crime rates, and proximity to fire stations among different cities. For example, if you live in an area with a particularly high flood risk, you’ll pay higher home insurance costs than people in a lower-risk area.

This table shows how premiums vary in other Florida cities. These rates are for home insurance policies with a $1,000 deductible and $300,000 in dwelling coverage.

How much homeowners insurance do you need in Orlando?

Orlando and the state of Florida don’t require home insurance. But if you have a mortgage, your mortgage lender or company will likely ask you to purchase it. Before you take out a home insurance policy, read it carefully and familiarize yourself with what your policy covers. This can help you prevent hidden fees and surprise expenses later on.

Many experts recommend that homeowners purchase coverage equal to or higher than 80% of your home’s replacement cost.

What are some of the biggest risks when owning a home in Orlando? 

As an Orlando homeowner, you should prepare for a number of risks your home may face, such as: