The 30-Second Verdict
Both Allstate and State Farm have significantly reduced their Florida homeowners insurance footprint due to the state's insurance crisis. State Farm stopped writing new policies in Florida; Allstate's Florida subsidiary has limited availability. For most Florida homeowners, Citizens or newer state-backed insurers may be the primary option.
Head-to-Head Breakdown
Allstate
Pros
- Allstate brand recognition and claims history
- MillerLight app for policy management
- Bundling discounts available
- Claims satisfaction generally above industry average
Cons
- Limited new policy availability in FL
- Pricing high where available
- Florida subsidiary (Allstate Floridian) has own rating
- Hurricane deductibles can be steep
State Farm
Pros
- Largest auto insurer (bundling potential)
- Strong financial strength ratings (A++)
- Local agent network throughout FL
- Claims reputation generally solid
Cons
- Stopped writing new FL homeowners policies (2023)
- Existing policies being non-renewed in some areas
- Florida market exit ongoing
- Renewal availability uncertain
Side-by-Side Comparison
| Allstate | State Farm | |
|---|---|---|
| New Policies in FL | Limited / varies by county | Not writing new policies (2023+) |
| Financial Strength | A+ (A.M. Best) | A++ (A.M. Best) |
| Hurricane Deductible | 1–5% of dwelling coverage | 1–5% of dwelling coverage |
| Avg Annual FL Premium | $3,800–$7,500 (est.) | N/A (not writing new) |
| Citizens Alternative | May not qualify as Citizens alternative | May force Citizens if non-renewed |
| Claims Process | App-based, local adjusters | Local agents, strong claims team |
| Bundle Discount | Yes (auto + home) | Yes (auto + home) |
Frequently Asked Questions
Is State Farm still writing homeowners insurance in Florida?
State Farm announced it would stop writing new homeowners insurance policies in Florida starting May 2023 due to the state's insurance crisis. Existing policyholders may retain coverage, but renewals in high-risk areas are not guaranteed. Check directly with State Farm for current status.
What are the best homeowners insurance alternatives in Florida?
Florida-specific insurers like Citizens Property Insurance (state-backed), Security First Financial, Universal Property, and Slide Insurance write significant Florida homeowners business. Tower Hill, HCI Group, and Heritage Insurance are other options. Rates and availability vary by county.
Why is Florida homeowners insurance so expensive?
Florida faces the highest hurricane risk in the US, has extensive roof litigation history, high reinsurance costs, and has seen major carriers exit the market — reducing competition. Average Florida homeowners insurance ($4,000–$8,000/year) is 2–3x the national average.