What are the best Fort Myers home insurance rates and companies?

It’s important to find out before you buy a new home. With so many different homeowners insurance providers, it can be difficult to find the most affordable rates.

Let us help you figure this out with our list of top 4 Florida home insurers in your area! Here is what we found:

How Much Is Homeowners Insurance in Fort Myers Florida?

The short answer is that Fort Myers homeowners insurance costs about $2,917 per year on average as of 2023 and is generally lower than the state of Florida average which is about $4,120 to $8,937 per year. The reason why the state average is higher than the average for Fort Myers, FL is that cities like Naples and Miami tend to have larger, more expensive houses on the coast.

Keep reading for the long answer.

How much should homeowners insurance cost per month?

Speaking in very, very broad terms, you can expect to pay about $40 to $55 per month per $100,000 of dwelling coverage for home insurance in Florida.

Your home insurance premium—which is often paid yearly—varies based on the amount of coverage that you have and certain aspects about your home’s age and construction.

These numbers are assuming that your house is newly constructed within the last 10 years or so and you don’t have anything that a home inspector will see as risky. Generally speaking, the riskier your situation is, the higher your insurance premium will be.

Since home insurance premiums tend to be paid on a yearly basis, let’s take our monthly payments and multiply them each by 12 for the 12 months in the year. This gives us $480 and $660 per year per $100,000 of dwelling coverage.

Let’s use a dwelling coverage of $250,000 as an example.

250,000 divided by 100,000 is 2.5 so:

  • Lower range: $480 x 2.5 = $1,200
  • Higher range: $660 x 2.5 = $1,650

For $250,000 of dwelling coverage, you should expect to pay around $1,200 to $1,650 per year for your home insurance. Of course, actual rates are going to vary, but that should give you a general idea of what to expect.

We have some real-life examples below of actual rates that we’ve quoted for home insurance in Fort Myers, so keep reading to see if any of these examples are similar to your house.

What Are the Best Fort Myers Home Insurance Companies?

As a licensed independent home insurance agent for the state of Florida, we can shop your home insurance with over a dozen different home insurance companies and we’ll get you the same rate as you would by going directly to the carrier, but with the added benefit of knowing which carrier has the best Fort Myers home insurance rate. In our experience, we’ll most likely recommend one of the following insurance carriers as they tend to have the lowest premiums for Fort Myers:

  • Tower Hill
  • Edison
  • Florida Peninsula
  • American Integrity

With that said, your home insurance premium is determined by many factors, so without getting a quote from a licensed insurance agent we can’t give you an exact answer in this article, but we can give you a ballpark figure of what to expect.

The Most Important Factors to Get the Best Fort Myers Home Insurance Rates include:

  • Location, age, and size of the house
  • Shape of the roof, the age of the roof, and attachment to the frame
  • Foundation type (most houses in Fort Myers are concrete slab)

The following table shows our estimated home insurance premiums by our best Fort Myers home insurance carriers for houses with a heated area of about 1870 square feet:

Year BuiltLower EndAverageHigher End
Best Fort Myers Home Insurance Rates

How We Arrived At These Rates to Find the Best Fort Myers Home Insurance.

The first variable in determining your optimal Fort Myers home insurance rate is the calculation of your Dwelling Coverage amount. Dwelling Coverage refers to the part of your homeowner’s policy that covers the physical structure of your home; in other words, it would cover the cost of rebuilding or repairing your house in the case of damage caused by covered perils.

To calculate your Dwelling Coverage, you need to estimate the cost to rebuild your home. This isn’t the same as the market price of your home, but rather the cost of materials and labor to rebuild it from scratch.

Typically, local construction costs and the square footage of your home are key indicators used to calculate this figure. It’s essential to ensure your Dwelling Coverage amount is accurate, as underinsuring could leave you with out-of-pocket costs, while over insuring means you’re spending more on premiums than necessary.

How to Find Your Home Insurance Dwelling Coverage Amount

Your heated area is the amount of space in your house that is air conditioned (usually excluding the garage, lanai, etc.) and is generally the main variable used to estimate the amount for Dwelling Coverage on your homeowners insurance policy.

For Fort Myers, the cost to rebuild a house is about $175 per square foot of heated area. The most common heated area for a house in Fort Myers is about 1800 square feet.

In this example, that would mean that we would expect the most common Dwelling Coverage amount in Fort Myers to be about $315,000. Keep in mind that you can insure the house for more or less than this amount, but if you mortgage your home, your mortgage lender will probably require a certain amount of Dwelling Coverage to satisfy the loan.

For houses in Fort Myers, our agents use the Lee County Property Appraiser’s website (leepa.org) to find the heated area of your Fort Myers home.

Also, the house building years that we chose reflect the peak home building years for Fort Myers, so there’s a good chance that your house was built during or close to one of these peak years. Fort Myers also has a lot of older houses that were built between 1910 and 1970, but we didn’t include those in this table because they vary wildly with how they’ve changed and been remodeled over time.

Fort Myers 2,000 sqft Homes with $350,000 Dwelling Coverage

For comparison, the following table is our estimated home insurance premiums by our best Fort Myers home insurance carriers for houses with a heated area of about 2000 square feet and a Dwelling Coverage amount of $350,000:

Year BuiltLower EndAverageHigher End

Fort Myers 2,500 sqft Homes with $437,500 Dwelling Coverage

And for further comparison, the table below shows our best Fort Myers home insurance premiums for houses about 2,500 square feet and a Dwelling Coverage amount of $437,500:

Year BuiltLower EndAverageHigher End

Fort Myers 3,000 sqft Homes with $525,000 Dwelling Coverage

And finally, the table below shows our best Fort Myers home insurance premiums for houses about 3,000 square feet and a Dwelling Coverage amount of $525,000:

Year BuiltLower EndAverageHigher End

One of the things that you may notice from these tables is that as the size and age of your house increases, you should expect your home insurance premium to increase. As your house ages and your home insurance premium increases, it’s always a good idea to have an independent insurance agent get competing quotes for you about once every year or two—and especially after a major weather event like a hurricane—because some insurance carriers favor certain types of houses over others.

Best Fort Myers Home Insurance Rates & Companies

Get the Best Fort Myers Home Insurance: Other Factors That Affect Your Premium

While these aren’t the main factors that affect your home insurance premiums, we’ll ask you about these lesser factors to determine your best Fort Myers home insurance premiums which include things like:

  • If you have storm panels or some kind of window protection
  • Whether you have other structures like sheds or fences
  • The quality of your interior (floor type, appliances, counter tops, etc.)
  • Whether your dog is classified as a “vicious breed”

All of this information will help you get an idea about how much your best Fort Myers home insurance premium will be, but the only way to know for sure is to get an actual quote from a knowledgable, licensed Florida insurance agent to get the best Fort Myers home insurance rates that you can.

So, make sure to get the best Fort Myers home insurance quote from our agency and compare your quote to multiple other agents. You can even contact us for a second opinion if you’ve received a quote from a different agent.