Homeowners Insurance Companies in Florida: Lists 25 Largest Companies

2016 Report: 25 Largest Home Insurance Companies In Florida


Florida Homeowners Insurance Companies List

Major name brand companies like Nationwide and State Farm are missing from the list of the 25 largest homeowners insurance carriers. During 2004-2005, Hurricanes Charley, Ivan, Frances, and Jeane damaged large parts of Florida. Hurricane Katrina followed in 2006. Because of the damage Florida sustained during these hurricane seasons, large national insurance companies stopped writing homes for residents of the Sunshine State.  State Farm, Nationwide, Allstate, Hartford, Travelers, and many others also non-renewed clients homes to manage how much damage they might be responsible for if another hurricane hit our state..

Since 2010, regional and Florida-only insurance companies have grown exponentially. They are now the largest insurers offering home, condo, landlord, and renters insurance in our state.  Tower Hill started offering insurance in the 1970s, and is one of the oldest insurers on this list.  However, most of the companies on this list are less than 25 years old.  

The financial stability of your homeowners insurance company is extremely important when you live in a hurricane-prone state like Florida. The most common rating organization for Florida-based homeowners is Demotech.  They assign a financial stability rating to each of these companies.  

Some companies have earned an AM Best rating as well.  One thing to remember is the size of company does not always relate to the quality. Citizens (the state run insurance company of last resort) remains the second largest. Universal Property and Casualty covers homes in Broward, Palm Beach, and Miami-Dade counties. a  place where many of the other companies decline to offer policies (other than Citizens).

Here's a List of Florida Homeowners Insurance Companies starting with the most number of in-force homeowners insurance policies as of Dec 31,2016. 



The 25 Largest Florida Homeowners Insurance Companies:

LargestInsurance Company Policies in Force
1Universal Property and Casualty Insurance Company577,263
2Citizens Property Insurance Corporation466,506
3Security First Insurance Company334,335
4Federated National Insurance Company272,335
5Heritage Property & Casualty Insurance Company241,822
6American Integrity Insurance Company of Florida236.796
7United Property & Casualty Insurance Company187,412
8St Johns Insurance Company166,396
9Homeowners Choice Property& Casualty Insurance149,793
10Tower Hill Prime (a Tower Hill Insurance Company)148,377
11People's Trust Insurance146,106
12ASI Preferred (an ASI Company)125,537
13United Services Automobile Association (USAA)124,157
14Florida Peninsula Insurance Company118,771
15First Protective Insurance Company104,138
16Castle Key Indemnity Company99,943
17Florida Family Insurance Company98,089
18American Bankers insurance Company94,374
19Ark Royal (an ASI Company- related to #12 also)94,374
20Tower Hill Signature Insurance Company85,257
21Olympus Insurance Company82,320
22Safe Harbor Insurance Company78,337
23Castle Key Insurance Company73,011
24Safepoint Insurance Company70,675
25Cypress Property & Casualty Insurance Company68,723  

Data as of Dec 31, 2016. Source: Florida Office of Insurance Regulation

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