Best homeowners insurance in Naples, FL for 2022

We looked at average costs, coverages availability, and customer satisfaction ratings to find the best homeowners insurance companies in Naples.

Jessica Olivo

By

Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.

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Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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Positioned on Florida’s southwest coast, Naples may be a beautiful vacation spot, but homeowners should be prepared for the frequent threat of hurricanes and other severe storms. As in much of the state, Naples residents should prepare for home damage with a homeowners insurance policy and additional flood insurance. 

The average cost of homeowners insurance in Naples is $2,502 per year or $209 a month. This is around 5% lower than the statewide average of $2,643 per year, and about 32% higher than the national average of $1,899.

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However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Naples.  

Best homeowners insurance companies in Naples

Of the companies we evaluated, Tower Hill’s average yearly rate of $709 is the lowest — about 71% less than the Naples average. State Farm and ASI Progressive both offer rates below the average as well, and while they’re more expensive than Tower Hill, they make up for it with high customer and claim satisfaction ratings with J.D. Power.

Policygenius analyzed thousands of quotes from the 5 largest Naples insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Naples residents to find the best homeowners insurance in Naples.

Company

Average yearly cost

J.D. Power Rating

Universal Property

$3,202

--

Citizens

$6,281

--

State Farm

$2,016

835

Tower Hill

$709

--

ASI Progressive

$2,009

821

Universal Property

Universal Property logo

Universal Property is a Florida-based insurance company that provides a relatively standard, but solid home insurance policy. It's an especially good option if you have lots of animals on your property thanks to its special animal liability coverage.

Pros

  • Covers homes that are generally more difficult to insure

  • Excellent coverage add-ons, such as replacement cost contents, water backup, equipment breakdown, and service line coverage

  • Special animal liability coverage available in case your dog or another animal on your property injures someone

Cons

  • Customer reviews complain of a poor claims experience

  • Doesn't offer increased dwelling coverage

  • Minimal discount opportunities

Why Universal Property tops our best list

Residents of Florida’s Gulf Coast — particularly those in the Naples area — have long experienced the damaging effects of hurricanes and tropical storms. With Universal Property, you can get hefty discounts on your homeowners insurance just for having home safety features that protect against wind damage. By securing your windows and doors with storm shutters, you are not only making your home safer from storms, but you’re also saving hundreds, or potentially thousands, on insurance costs.

How to get a quote

Online through Universal Property

Citizens Insurance offers basic home and wind-only insurance coverage for homes in high-risk coastal areas of Florida. If you're having a difficult time finding a company to insure your home, Citizens is a decent last-resort option.

Pros

  • Provides homeowners insurance to high-risk homes that are often denied coverage by private insurers

  • Offers wind-only policies

  • Sets up catastrophe response centers after natural disasters to offer in-person support to homeowners without power or means of communication

  • File claims over the phone or online 24/7/365

  • Low customer complaint ratings in 2020

Cons

  • Rates are around 15% higher than the state average

  • Limited additional coverage options

Why Citizens tops our best list

Citizens insurance offers insurance policies to Florida residents who have been turned down by other companies. If you are in a high-risk coastal area of Naples or you’re unable to get home insurance for other reasons, Citizens will make sure your home is still covered. 

How to get a quote

Contact a Citizens Insurance agent through their website

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

By choosing State Farm for home insurance, you may be eligible to receive smart home devices that protect against electrical issues that could lead to fires or other damage. This and other perks are a great reason to choose State Farm for home insurance.

How to get a quote

Online through State Farm

Tower Hill

Tower Hill logo

Tower Hill stands out thanks to its robust flood insurance options and contractor network program that makes repairing your home after a natural disaster as seamless as possible.

Pros

  • Offers 3 flood insurance options, including a private flood endorsement and standalone policy

  • Contractor network program for easy repairs that come with a 5-year warranty for workmanship

  • Lower-than-average customer complaints according to the NAIC

Cons

  • Little information about discounts or coverage options available online

Why Tower Hill tops our best list

Tower Hill offers specialized insurance for Naples’ higher-value homes. Not only does the package include a dedicated customer service number as well as enhanced policy options, its “CastleCare” program offers specialty craftsmen for home restoration and repairs. 

How to get a quote

Online through Policygenius or Tower Hill

ASI Progressive

ASI Progressive logo

ASI Progressive offers robust home insurance coverage and ways to save. Our fave perk? Its bundling discount, which lets you save up to 20% on premiums and only requires you to pay one deductible if your home and car are damaged in the same event.

Pros

  • Policies are backed by Progressive Insurance

  • Flood insurance coverage add-on available — a rarity among insurers

  • Save up to 20% when you bundle your home and auto insurance

  • Score discounts for owning a new home, signing up for e-bills, paying your premiums in full for the year, and more

  • Only pay one deductible if your home and car are damaged in the same incident and you bundle your home and auto insurance together

  • File and track claims online

Cons

  • Below-average claims satisfaction ratings

  • Minimal information about coverage add-ons available online

Why ASI Progressive tops our best list

ASI Progressive’s seasonal or investment property insurance is perfect if Naples is not your permanent residence. Since your vacation home doesn’t require the same coverage as your full-time house, you can use ASI Progressive’s a la carte approach to save money on your policy.  

How to get a quote

Online through Policygenius or Progressive

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Cheapest homeowners insurance companies by ZIP code in Naples

Looking at average home insurance costs for 15 of the most popular companies in Naples, we found that the cheapest home insurance in the city can be found in the 34114 ZIP code with Tower Hill. The average Tower Hill rate in this area is $625 per year — 75% less than the city average of $2,502 per year. 

Homeowners in Naples are likely to find cheap rates with Tower Hill, who has the lowest yearly costs in every ZIP code in the city.

ZIP code

Company

Average yearly cost

34102

Tower Hill

$675

34103

Tower Hill

$737

34104

Tower Hill

$737

34105

Tower Hill

$737

34109

Tower Hill

$737

34110

Tower Hill

$737

34112

Tower Hill

$675

34114

Tower Hill

$625

34117

Tower Hill

$737

34119

Tower Hill

$631

34120

Tower Hill

$768

The most affordable areas for homeowners insurance in Naples

With an average home insurance rate of $2,434 per year, the 34109 ZIP code is the most affordable area for home insurance in Naples. This section of the city is made up of smaller homes that were built in the last thirty years, making them more affordable to insure.

ZIP code

Average yearly cost

34109

$2,434

34110

$2,437

34105

$2,438

34104

$2,444

34119

$2,488

The most expensive areas for homeowners insurance in Naples

With an average home insurance rate of $2,582, the 34102 ZIP code is the most expensive area for home insurance in Naples. Homes in this area are very close to the water, making them a high risk for storm damage.

ZIP code

Average yearly cost

34102

$2,582

34103

$2,580

34114

$2,568

34112

$2,556

34120

$2,500

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In the news

Thousands of Florida homeowners facing policy cancellations, higher premiums, and mortgage defaults

After Demotech downgrades several Florida insurance carriers' financial strength and stability ratings, thousands of homeowners are at risk of losing their home insurance.

Jennifer Gimbel • August 5, 2022

Shopping for homeowners insurance in Naples

Shopping for homeowners insurance can seem complicated, but knowing what type and how much of each coverage you need can make the process easier. Also consider what you can pay out of pocket, since the size of your deductible will impact the amount you pay.  

In this section, we break down the average annual home insurance rates in Naples for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Naples.

Naples home insurance costs by coverage amounts

Dwelling insurance covers the price to repair or even rebuild your house after a fire, storm, or other covered hazard. The amount of coverage in your policy should be enough to pay for the cost to rebuild your home, including labor and materials. 

The more dwelling coverage in your policy, the more you’ll pay for home insurance. As the table demonstrates, a policy with $100,000 in dwelling coverage costs $972 per year, whereas one with $500,000 in coverage costs an average of $4,193 per year.

Dwelling coverage amount

Average yearly cost

$100,000

$972

$200,000

$1,726

$300,000

$2,502

$400,000

$3,336

$500,000

$4,193

Liability coverage covers medical and legal bills if you’re held liable for someone’s accidental injury or property damage. Since a court can order you to pay everything at your disposal to cover medical bills and other expenses, it’s important your liability coverage equals the combined value of your house, vehicles, and liquid assets. 

Liability coverage amount

Average yearly cost

$100,000

$3,115

$200,000

$1,901

$300,000

$2,232

$500,000

$1,633

Naples home insurance costs by deductible amount

Your homeowners insurance deductible is the amount you pay towards your claim before your insurance kicks in. 

If you have a $1,000 deductible and your claim is for $10,000, you will have to pay $1,000 before your insurance pays the remaining $9,000. A lower deductible will increase your overall rate, so consider how often you may need to file a claim before settling on an amount. With likely damage from powerful storms, it might be cheaper to pay more in the short term and less in the event of a disaster.

As seen in the table below, Naples residents can save around $1,072 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$2,759

$1,000

$2,502

$2,000

$1,687

Home insurance discounts in Naples

Insurance companies often offer discounts on your home insurance rate if you have or install security devices, smoke alarms, or deadbolt locks in your home. You can save money just by making your house more secure — something that benefits you as well as makes you a lower risk to your insurance company. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Naples with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$2,502

Smoke alarm

$2,502

Burglar alarm

$2,393

Wind mitigation discounts & incentives in Florida

Many home insurance companies in Florida offer Fortified Roof, Fortified Home, and other wind mitigation discounts for installing fixtures or using construction techniques to reduce windstorm damage during a hurricane or tropical storm.

Other incentives include:

  • Hurricane Loss Mitigation Grant: Offers grants for retrofits, inspections, and construction to fortify your home against flooding and hurricane-force winds

  • Florida Property Assessed Clean Energy (PACE) Program: Offers financing for up to 100% of the costs to fortify your home against wind damage — payments are added to your property tax bill each year for an agreed-upon term

→ Learn more about wind mitigation discounts & how to qualify

Home insurance companies in Naples for dog owners

Dog owners may see increased insurance rates since certain dog breeds account for more liability claims due to bites and attacks. Some insurance companies won’t cover claims for these breeds at all.   

With an average rate of $709 per year, Tower Hill has the cheapest home insurance rates in Naples for a home with a dangerous dog breed, while Citizens' average yearly premium of $6,281 is the highest. 

Company

Average yearly cost

Tower Hill

$709

State Farm

$2,016

ASI Progressive

$2,034

Universal Property

$3,202

Citizens

$6,281

Home insurance companies in Naples for poor credit

Since customers with low credit scores have been found to file more insurance claims, some companies will charge more if you have poor credit. 

Not all companies take your credit history into account, however, so shop around to make sure you are comparing quotes to find the best and cheapest coverage available.

With an average rate of $1,120 per year, Tower Hill has the cheapest home insurance rates in Naples for a homeowner with poor credit, while Citizens’ average yearly premium of $6,281 is the highest. 

Company

Average yearly cost

Tower Hill

$1,120

Universal Property

$3,202

State Farm

$3,452

ASI Progressive

$3,468

Citizens

$6,281

Home insurance companies in Naples for pool owners

If you have a swimming pool, you may also see higher rates due the heightened risk of injury and liability claims. 

With an average rate of $709 per year, Tower Hill has the cheapest home insurance rates for Naples homes that have a swimming pool, while Citizens’ average yearly premium of $6,281 is the most expensive.

Company

Average yearly cost

Tower Hill

$709

ASI Progressive

$2,009

State Farm

$2,016

Universal Property

$3,202

Citizens

$6,281

How to buy homeowners insurance in Naples

While it’s possible to find an affordable home insurance policy in Naples, there are several factors that could drive up the costs. Here are some steps to follow to make sure you're finding the best coverage at the cheapest price.

  1. Reach out to a licensed Policygenius agent. A Policygenius expert can help you shop for insurance by answering questions, comparing rates, and even canceling your old policy. Our services are free of charge and will not affect your credit score.

  2. Ask about Florida’s FAIR plan. If you’ve been turned down by multiple traditional insurance companies due to factors that make you a high risk to insure, our agents can discuss Florida’s FAIR plan as an alternative to traditional coverage. 

  3. Consider purchasing flood insurance. Even if you don’t live in a flood zone, your home can still be affected by water damage. Flood insurance can save you hundreds of dollars in repairs and replacements after a flood. 

  4. Figure out how much you can afford to pay for your deductible. Severe weather should factor into how you pay for your insurance coverage in Naples. To reduce out-of-pocket costs from frequent claims, determine if you can afford to pay a higher premium to get a lower deductible. 

  5. Compare quotes from a Policygenius agent. Shopping around for the best rate could save you a lot of money on your policy. A Policygenius agent can help you compare quotes from different companies and help you decide on the right coverage for your home.

  6. Choose your policy, sign it, and pay your first premium. Once you’ve determined which insurance policy is best for you, our agents can prepare the required paperwork for you. All you need to do is sign and pay your first premium.

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Frequently asked questions

What is the average cost of home insurance in Naples?

The average cost of insurance in Naples is $2,502, which is right around the state average, but still higher than the national average of $1,899.

What is personal property insurance?

Personal property insurance covers the cost to replace or repair your belongings that are damaged from a covered hazard.

How can I lower the cost of homeowners insurance?

Ask your insurance company — or a Policygenius agent — about any eligible discounts. You could save money by paying your premium in one payment, bundling your policies, or adding safety features to your home.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Author

Freelance contributor

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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