How much does Flood Insurance Cost in Florida? Prices & Premiums

Estimated Read Time: 7 minutes



Read this article to learn:

  • Cost of Flood Insurance in Low and High Risk Areas
  • What is a Flood Zones?
  • How to Buy Flood Insurance in Florida







Flooding is the #1 Natural Disaster in the US. 

In 1968,  The U.S. Congress created the National Flood Insurance Program (NFIP) to help property owners obtain flood insurance.  Congress assigned the responsibility to administer the flood insurance program throughout Florida and the United States to FEMA (Federal Emergency Management Agency).  As part of that responsibility, FEMA mapped Florida's topography to learn which communities and properties are most likely to sustain a flood.   FEMA  grouped properties into low, moderate, and high risk areas or flood zones.  A flood zone represents a properties' risk to flood damage.  High Risk Flood Zones include A, AE, V, VE.  Low and Moderate Risk Zones are X, C, and B.

Here are some facts you should know:

  •  20-25% of all flood events occur in low-risk flood zones.
  •  Your house may be in a low-risk flood zone, it is never in a NO-RISK flood zone. Florida is surrounded by 3 sides of water, and is at sea level. 
  •  Homeowners, condo, and renters insurance policies do not typically cover flood damage, including flooding caused by hurricane storm surges.
  • Purchase a flood insurance policy so you are protected from a flooding catastrophe.


The cost of your Florida Flood Insurance policy will vary depending on three things: 

  1.  how much insurance coverage you need,  
  2.  how the property is used (home, rental, or business)
  3.  the flood zone assigned to your home or property. 


Flood Insurance Rates in Florida - 2017: Low Risk Areas

Mortgage companies or lenders will not typically require flood insurance in low risk zones. Low and Moderate Risk Zones are X, B, and C.

Annual Premium Building Coverage Amount Contents Coverage Amount
$271$50,000$20,000
$316$75,000$30,000
$349$100,000$40,000
$366$125,000$50,000
$389$150,000$60,000
$425$200,000$80,000
$450$250,000$100,000

The chart above shows Flood Insurance costs for Florida homes that qualify for the Preferred Risk Program ). Rates of June 19, 2017. 

    • In low- to moderate-risk areas, premiums range from roughly $130 to $450 per year for homes. In high-risk zones, they can reach into the thousands. 
    • Use this chart when:
      • Your home is found in an Low or Moderate Risk Flood Zone (Zones X, B, or C) & doesn't have a basement
      • The home is your primary residence & you occupy it 80% of the time.
      • If you live in the home less than 80% add $255 a year to the rates above.
      • If this is a rental home, add $255 a year to the rates above.




Flood Insurance Costs in Florida: High Risk Zones: A, AE, V, VE

When your home is located in a higher risk area, it is more likely to be affected by a flood event. Higher risk flood zones in Florida are typically found near beaches, lakes, rivers, ponds, and marshes.  If you have a mortgage, your lender will require you to purchase flood insurance for your home when it is located in a high risk flood zone.

Unlike low-risk areas,  properties in high risk zones do not have standardized rates, and every property will have different cost. The cost of high risk flood insurance is based on 3  things

  1. the base flood elevation in your area;
  2.  how many feet above or below the base flood elevation your home was built 
  3.  the type of foundation and flood proofing. 

 FEMA determines all BASE flood elevations throughout the state, and publishes them on flood maps.  The base flood elevation is the elevation to which floodwater is anticipated to rise during the flood.   A surveyor will measure and determine your property's specific elevations in relation to the base flood elevation.  A surveyor provides this information on a standardized form called an elevation certificate.

An elevation certificate is always recommended when your home is a high risk flood zone. You can get a quote without an elevation certificate, however, without the certificate, the cost is often thousands or tens of thousands of dollars more out of your pocket.   

Read our blog post about "what is a flood elevation certificate" to learn more about these forms and their costs.



Want help? Get a Flood Insurance Quote in Florida



What is a Flood Zone?

FEMA (Federal Emergency Management Agency) has mapped the topography of Florida to show which communities and properties in Florida are most likely to sustain a flood within 100 years. FEMA assigned a letter ( X, B, C, A, V) to properties based the susceptibility to flooding. The letter assigned by FEMA is the Flood zone of a property.    Low Risk Zones are X, B, C.  High Risk Zones include A, AE, V, and VE.


Locating Your Flood Zone

You can find the flood zone of a property by reviewing FEMA'S flood maps or contacting an Independent Insurance Agency in Florida.

How to Buy Florida Flood Insurance

You cannot buy flood insurance directly from NFIP (the national flood insurance program) or FEMA. To purchase a policy, contact an insurance agent.  NFIP works through many different insurance agents and companies. No matter where you choose to purchase a NFIP policy, they will be identical in coverage and price. Still have questions? 

If you are in a high risk flood zone, you will need to provide an elevation certificate to get a quote through NFIP.  Read our blog post about "what is a flood elevation certificate" to learn more about these forms and their costs.



Related Articles:

Learn More about Florida Flood Insurance 

Learn More about Florida Homeowners Insurance 




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Call us at 904-268-3106 or request your online flood insurance quote.

Talk with a Florida Flood Insurance Expert Today!


Every home is unique. Call us today at 904-268-3106 to find out how to get the best price and value on Florida Flood Insurance Florida policies.