Best & Cheapest Homeowners Insurance In Cape Coral, FL For 2024

Nationwide comes out on top because it’s got an impressive A+ rating from AM Best for financial strength, receives high customer satisfaction ratings across the internet, has a strong presence of agents in South Florida, and offers competitive rates. Nationwide is solid all the way through.

What sets Nationwide apart is its standard home insurance policy, which includes some perks that many other companies don’t provide. For example, they offer reimbursement for credit card fraud and coverage for meeting more stringent codes when rebuilding due to ordinances or laws.

You can also customize your policy with helpful add-ons. With Better Roof Replacement, if your roof needs replacing after a covered event, Nationwide will foot the bill for upgraded roofing materials. And with Brand New Belongings, your damaged or destroyed personal belongings are covered at their replacement cost. Simply buy replacements, send the receipts to Nationwide, and they’ll reimburse you for the price difference.

Getting home insurance from Nationwide is easy too. You can purchase it through a local agent, over the phone, or online. Plus, you can handle everything from filing and tracking claims to paying bills and making policy changes on the user-friendly Nationwide website or mobile app.

Nationwide’s average cost for home insurance in Cape Coral: $107/Month

Tower Hill takes the crown for having the most pocket-friendly rates in the land of Florida. However, it’s worth noting that they don’t have a JD Power score for customer satisfaction and their AM Best rating sits at a B++. These factors can be attributed to Tower Hill’s specialization as a Florida homeowners insurance company, limiting their coverage to just 16 additional states.

When it comes to Tower Hill’s home insurance, they give homeowners the power to build their own custom plan. Alongside the standard coverage for your dwelling and personal belongings, their Typical and Prime Plus policies offer nifty options like extended replacement cost, water backup coverage, and even personal injury coverage.

But wait, there’s more! Tower Hill goes above and beyond with their unique add-on coverage options that might be hard to find elsewhere. Get this: they’ve got you covered for landscaping mishaps, food spoilage emergencies, trampoline liability scares, lock replacements, and a bunch of other cool stuff.

And if you opt for Tower Hill’s top-tier Spire package, you’ll be treated to a plethora of optional coverages already bundled into the policy, giving you an extra layer of security and peace of mind.

Average Premium for Tower Hill home insurance in Cape Coral: $121/month

USAA put up a strong fight for the Best Overall title but came in a close second because it’s limited to military members and their families. Other than that, USAA is rock solid across the board.

Back in 1922, USAA was founded by 25 Army officers who wanted to insure their cars on their own. Fast forward to today, and USAA offers a wide range of insurance and financial products to members of the U.S. armed forces, Reserve, veterans, and their families.

Headquartered in San Antonio, USAA has a few satellite offices scattered across the United States, as well as in London, Frankfurt, and Luxembourg.

USAA’s standard home insurance policy has some great features. It covers the replacement cost of personal belongings and even includes coverage for the uniforms of active-duty and deployed service members. You might also find optional insurance like earthquake coverage or coverage for home-sharing situations.

If you’re eligible, you can purchase USAA insurance products online using an active membership ID, over the phone, or by visiting a local branch.

USAA makes managing your policy a breeze. They’ve got an automated agent chatbot on their website to assist you in accessing your online account, where you can pay your bill, make changes to your policy, and handle claims. And with an A++ rating from AM Best, the highest financial strength rating possible for insurance companies, USAA proves its reliability.

Average premium for USAA home insurance in Cape Coral: $140/month

State Farm snagged the spot as our second runner-up, mainly because of its impressive army of agents in Cape Coral and South Florida. This is a big deal because not only will you have a swarm of State Farm agents at your service after a hurricane or brutal storm, but you’ll also find a bunch of claims adjusters and claims offices right in Cape Coral.

When it comes to coverage, State Farm offers a standard homeowners policy that you can jazz up with additional goodies. Think ordinance and law coverage, safeguarding your identity from thieves, and even insurance for your precious bling.

Here’s the cool part: State Farm boasts the highest financial strength rating from AM Best, scoring an A++. That means they’ve got the financial muscles to back you up when you need it most.

And if you decide to go with State Farm, you can opt for their nifty replacement cost coverage. This means that if your humble abode, other structures, or personal belongings suffer damage, they’ll be replaced based on today’s market value, without taking depreciation into account. Without this awesome feature, replacement is calculated using the actual cash value.

Now, the quote process can be kicked off online with State Farm, but to seal the deal, you’ll need to collaborate with a local agent. Once you’re a proud policyholder, you can take advantage of the State Farm website or app to file claims, manage your accounts, and switch to eco-friendly paperless billing. Oh, and their website is stacked with a treasure trove of resources to boost your insurance knowledge.

Average premium for State Farm home insurance in Cape Coral: $1,937/Year

If you’re a homeowner in Cape Coral with fancy assets to protect, Chubb is the way to go. They’ve got a bunch of extra goodies to offer, but keep in mind that their rates might be a bit pricier for budget-conscious folks.

When it comes to insuring your swanky abode, Chubb has got you covered. They offer all sorts of fancy add-ons, with a special focus on extended replacement cost coverage. This means that if something goes wrong, they’ll help foot the bill to rebuild your home.

But wait, there’s more! Chubb has this cool program where their experts come to your place to check for any fire or security risks ahead of time.

Now, let’s talk about the Chubb Masterpiece insurance policy. It’s designed specifically for wealthy folks and covers things like restoring your digital data if it gets fried by a computer virus. They even offer property management services. Talk about convenience!

Chubb’s claims agents have the power to quickly give you the green light and pay your claim. They’re all about making the process smooth and painless. However, they can’t deny a claim without the approval of their manager. That way, things stay fair and square.

Average premium for Chubb home insurance in Cape Coral: $80/month

Allstate is a winner when it comes to homeowners insurance discounts, offering a whopping 11 options. And get this: seven of them are considered rare finds by home insurance experts. That’s way above the industry average of seven discounts.

Let’s dive into Allstate’s discounts:

• Claims forgiveness: Your rate won’t go up after filing a claim. Phew!
• Claims-free: Stay claims-free each year, and you’ll get a 5% renewal discount.
• Deductible reward: Sign up and get a cool $100 off your deductible.
• Bundle: Save up to 25% by bundling your home and car insurance.
• Automatic payment: Paying automatically saves you up to 5%.
• Loyalty: Score up to 10% for sticking with Allstate at renewal time.
• New Homebuyer: A discount for recent homeowners like yourself.
• New home: Another discount for insuring a shiny new home.
• Responsible payment: Show your good payment history for an extra discount.
• Early payment: Buy a new policy at least seven days before your old one expires and enjoy up to 10% off.
• Protective device: Install theft and fire protection for a discount.

Now let’s talk about Allstate’s homeowners insurance itself. They’ve got you covered for dwelling and personal property protection, liability coverage, guest medical protection, and more. Allstate offers even more options on top of the standard coverage.

They’ve got nine additional coverage types you can choose from. Sure, they’ve got the usual ones like ID theft and scheduled personal property, but here’s the fun part: they offer special coverage for folks with yards and gardens. They’ll boost your coverage limits for things like landscaping costs and riding lawn mowers.

When it comes to customer satisfaction, Progressive ranks second highest among the companies we reviewed, right after USAA. However, USAA didn’t snag the Best for Customer Satisfaction award because it only sells home insurance to military members and their families.

Let’s talk about Progressive’s home insurance policies. They cover all the typical bases you’d expect:

• Dwelling coverage: If your home gets damaged by a covered problem like a fire or tornado, Progressive will foot the bill to repair or replace it.
• Other structures coverage: They’ve got you covered for structures not attached to your home, like fences and sheds.
• Personal property coverage: Your belongings, including clothes, electronics, and furniture, are protected if they need repair or replacement.
• Liability insurance: Progressive takes care of property damage and injuries to others, plus legal defense if you get sued over an accident.
• Additional living expenses coverage: If you can’t stay in your home due to a covered issue like a tornado, Progressive helps cover hotel bills, meals, and even pet boarding fees.

Now, here’s an important heads-up. According to Progressive’s filings with the Florida Department of Insurance, homeowners with certain dog breeds may be ineligible for coverage. These breeds include Akitas, American bulldogs, chow chows, Dobermans, Mastiffs, pit bulls, Rottweilers, Staffordshire terriers, wolf hybrids, any mix or variation of these breeds, and any dog with a history of biting. Keep that in mind if you have furry friends at home.

Average premium for Progressive home insurance in Cape Coral: $219/month

Citizens Property Insurance Corporation plays a vital role in Florida’s property insurance landscape by serving as a safety net for those who can’t find coverage in the private market.

As a leading insurer for Florida homes and businesses, Citizens is committed to providing its customers with service that matches the standards set by private insurers.

Back in August 2002, the Florida Legislature brought Citizens to life as a not-for-profit, tax-exempt government entity. Its primary goal is to offer property insurance to eligible property owners in Florida who are unable to secure coverage from private insurers.

Citizens relies on policyholder premiums to operate. However, in the aftermath of a particularly devastating storm or a series of storms, Florida law allows Citizens to impose assessments on most policyholders to cover any deficits.

In a nutshell, Citizens is here to ensure that Floridians have access to the property insurance they need, even when the private market falls short.

Average premium for Citizen’s home insurance in Cape Coral: $350/month