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There are various factors an insurance company uses to determine the price of your Florida Homeowners policy:

• The square footage of the house and any additional structures
• Building costs in your area
• Your home’s construction, materials and features
• Amount of crime in your neighborhood
• The likelihood of damage from natural disasters, such as hurricanes and hailstorms
• The proximity of your home to a fire hydrant (or other source of water) and to a fire station, whether your community has a professional or volunteer fire service and other factors that can affect the time it takes to put out fires
• The condition of the plumbing, heating and electrical system
• The age of your home
• The distance to the coast
• Your credit rating
• Your claims history

If you rent your home or own a condo or co-op, your insurer will not consider the size of the dwelling or building costs. However, the insurance company will take into account factors that make damage to your possessions more likely.

Somewhat predictably, the priciest states to insure your home are the states most susceptible to large scale natural disasters. Four of those states are victims of the large hurricanes that make their way into the Gulf of Mexico (Florida, Mississippi, Louisiana, and Texas) while the 5th state, Oklahoma, has more tornadoes per square mile than any other place in the United States.

According to ValuePenguin, monthly homeowners insurance in Florida can cost you $165.91 with annual up to $1,991.