Statistics About The Average Insurance Cost In Florida

In this post, we will explore a detailed breakdown of the average insurance costs in Florida across various categories such as auto insurance, flood insurance, renters insurance, boat insurance, general liability insurance, and more. Understanding these statistics can provide valuable insights for residents and businesses in Florida when planning their insurance budgets.

Statistic 1

"The average cost of auto insurance in Florida is $2,395 per annum."

Statistic 2

"Flood insurance in Florida costs on average about $595 annually."

Statistic 3

"The average cost of renters insurance in Florida is $185 annually."

Statistic 4

"The average cost of boat insurance in Florida is roughly $300 to $500 per year."

Statistic 5

"The average annual cost of general liability insurance in Florida is about $741."

Statistic 6

"The average annual cost of car insurance for a 40-year-old male in Florida is around $1,648."

Statistic 7

"The average cost of mobile home insurance in Florida is approximately $2,813 per year."

Statistic 8

"The average annual dental insurance premiums in Florida can range from $132 to $360."

Statistic 9

"The average cost of business insurance in Florida is roughly $51/month."

Statistic 10

"The annual cost of life insurance for a 30-year-old male in Florida is about $309 for a term policy."

Statistic 11

"The average cost of Cyber Liability Insurance for small businesses in Florida is $1,501 per year."

Statistic 12

"The average cost for liability insurance for contractors in Florida is $90 per month or $1,080 annually."

Statistic 13

"The average cost of hurricane insurance in Florida can vary but is typically approximately 2-5% of the property's value."

Statistic 14

"The average condo insurance cost in Florida is about $960 per year."

Statistic 15

"The average cost of pet insurance in Florida is between $25-35 a month for dogs and $15-25 for cats."

In conclusion, the cost of insurance in Florida varies widely across different types of coverage. Auto insurance is one of the most expensive, averaging $2,395 per year, followed by mobile home insurance at approximately $2,813 annually. Flood insurance costs about $595, while renters insurance is more affordable at $185 per year. Other types of insurance such as boat, general liability, dental, business, and life insurance also come with their own average costs. It is evident that insurance expenses in Florida can add up significantly depending on the coverage needed, highlighting the importance of carefully evaluating and selecting insurance policies that fit individual needs and budgets.