Florida Homeowners Insurance: A First-Time Buyer’s Guide
Company Trusted For Over 25+ Years*
Last updated on August 31, 2025
Author:
Alicia Cortez, certified insurance specialist based in Miami
Alicia Cortez, certified insurance specialist based in Miami
Florida Homeowners Insurance
Florida homeowners insurance first time buyer policies are crucial for protecting your new investment. For first-time homebuyers in Florida, navigating the insurance landscape can feel overwhelming. This guide provides essential information about Citizens Insurance, helping you secure the right coverage for your dream home. Understanding the nuances of Florida homeowners insurance is key to a smooth closing process.
Citizens Insurance is often a go-to option for new homeowners. It provides reliable and comprehensive coverage, tailored to the unique challenges of Florida’s climate and market. Securing insurance early in the home-buying journey is essential. Learn about different insurance options here.
Florida house with insurance shield icon.
Citizens Insurance Overview
Citizens Property Insurance Corporation, commonly known as Citizens Insurance, is a state-created insurer of last resort in Florida. It provides coverage to homeowners who are unable to find insurance in the private market. Citizens plays a critical role in the Florida insurance ecosystem. This is especially true given the state’s vulnerability to hurricanes and other natural disasters.
Citizens offers a variety of coverage options to protect your home and belongings. These include dwelling coverage, other structures coverage, personal property coverage, and liability coverage. Understanding these coverages is important for selecting the right policy. Find more details regarding insurance costs here.
- Dwelling coverage protects the physical structure of your home.
- Other structures coverage protects detached structures on your property like garages and sheds.
- Personal property coverage protects your belongings inside the home.
- Liability coverage protects you if someone is injured on your property.
- Loss of use coverage helps with additional living expenses if your home is uninhabitable after a covered loss.
- Consider additional coverages such as flood insurance and windstorm insurance based on your location and needs.
As a first-time homebuyer, you can get a personalized quote from Citizens by providing information about your property, desired coverage, and personal details. This allows for accurate pricing and policy customization.
Getting a Quote
Getting a quote from Citizens is straightforward. You can obtain a quote online through their website, by phone, or through an insurance agent. Online quotes offer convenience and often faster processing. Phone and agent interactions provide personalized assistance. Choose the method that best suits your needs.
1
Gather necessary information
Have details about your property like its age, size, construction type, and location ready.
2
Visit the Citizens website or contact an agent
Start the quote process online or speak with an agent for guidance.
3
Provide accurate information
Accurate information ensures an accurate quote tailored to your needs.
4
Review and compare coverage options
Explore different coverage options and choose what suits you best.
Understanding Coverage Options
Citizens Insurance offers a range of coverage options to meet the diverse needs of Florida homeowners. These options allow you to customize your policy. Understanding these options empowers you to make informed decisions.
Standard coverages usually include dwelling, other structures, personal property, and liability. Additional coverages like flood insurance and windstorm insurance are crucial in Florida. This is due to the state’s susceptibility to hurricanes and flooding.
For first-time homebuyers, understanding these options is especially crucial. This knowledge ensures you’re adequately protected from potential risks. It also gives you peace of mind in your new home. Bankrate’s guide to Florida homeowners insurance offers valuable insights for first-time buyers.
Coverage Options Comparison (NAIC Complaint Index)
“Getting multiple homeowners insurance quotes can save you hundreds of dollars a year.”
Pat Howard, Licensed Insurance Agent — Policygenius
Homeowners Insurance — Average Costs by Coverage Level — Sources: ValuePenguin; Bankrate.
Verified: 2025-08
| Coverage Level | Avg. Monthly Cost ($) | Avg. Annual Cost ($) |
|---|---|---|
| Minimum | $150 (ValuePenguin) | $1800 (ValuePenguin) |
| $200k | $200 (Bankrate) | $2400 (Bankrate) |
| $300k | $250 (Bankrate) | $3000 (Bankrate) |
Conclusion
Securing the right homeowners insurance is a crucial step in the home-buying process, especially in Florida. Citizens Insurance offers a reliable option for first-time homebuyers, providing essential protection and peace of mind. By understanding the available coverage options and following the steps to get a quote, you can confidently protect your dream home.
Don’t delay protecting your investment. Get a free quote from Citizens Insurance today and ensure your new home is covered.
FAQ
Is Citizens Insurance a private company?
No, Citizens is a state-created not-for-profit insurer of last resort.
What types of coverage does Citizens offer?
Citizens offers various coverages including dwelling, personal property, liability, and flood insurance.
How do I get a quote from Citizens?
You can get a quote online, by phone, or through an insurance agent.
Why is homeowners insurance important in Florida?
Florida is prone to hurricanes and other natural disasters, making insurance essential for financial protection.
Can I customize my Citizens insurance policy?
Yes, Citizens offers various coverage options to tailor your policy to your specific needs.
What are the average costs of homeowner insurance in Florida
The average cost of homeowners insurance in Florida is higher compared to other states due to increased risk of hurricanes.