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Picture of Fort Myers, FL

Fort Myers is a lovely place to live and visit. It is located north of both Bonita Springs and Naples, situated on the Caloosahatchee River. Fort Myers has 600 miles of white sand beaches, as well as plenty of world class shopping and restaurants. According to U.S. News, Fort Myers is the 35th best place to live in the U.S and the number one spot to retire.

While Fort Myers is a fantastic place, it is also located on Florida’s southwest coast which is prone to severe weather and hurricanes which can quickly lead to flooding. Sinkholes can also be a challenge in this area of the Florida coast. Due to all of these risk factors, homeowners insurance in Fort Myers can be pricey or even difficult to find in some areas.

As an example, in Fort Myers, if you own a small house that has been outfitted with strong wind mitigation features your premium may be as low as $800 a year but the average premium in the Fort Myers area comes in around $1,400 a year. Rates will vary depending on your home, where it is located as well as your other risk factors.

Insurance Costs in Fort Myers

The cost of homeowners insurance will vary dramatically depending on the size of your home, where it is located, construction materials as well as your own risk factors. In general, expect to pay around $1,400 a year for coverage on average. Insurance premiums can easily range from $800 for a smaller home to well over $4,000 a year for a large oceanfront home.

These costs can be impacted by a variety of factors, including the materials inside in your home. Your insurance company is on the hook to rebuild your home if it is severely damaged or destroyed which means that high end custom homes, bursting with expensive materials and features will always cost more to insure than a more modest home.

The best ways to find an affordable policy is to shop your coverage on a regular basis. We recommend comparing quotes from at least five national insurance companies and always be sure you are comparing apples to apples when it comes to coverage levels and deductibles.

Homeowners Coverages Explained

When it comes to homeowners insurance there are a number of options. Here is a quick overview of the basics:

  • Dwelling coverage: This protects the structure of your home up to coverage limits. It will pay to repair or rebuild your home if it is damaged or destroyed by a covered peril.
  • Other Structures: This coverage is part of your dwelling coverage and protects other structures on your property such as barns, outbuildings and even sheds.
  • Personal Property: This coverage protects your personal property. It will pay out to replace your personal property that is damaged or destroyed by a covered peril. This includes items such as electronics, furniture and even your clothes.
  • Loss of Use: If your home is damage so badly that you cannot safely stay in it while repairs are being done, this coverage will help cover expenses such as hotel and restaurant bills as well as other normal expenses you incur.
  • Personal Liability and Property Damage: This coverage will help cover medical bills and legal expenses if someone is injured in your home. Property damage will pay to repair other people’s property if you or a member of your household cause the damage. As an example, your child manages to put a baseball through your neighbor’s picture window.

While a standard homeowners policy will help protect your home against perils such as fire, theft, and water damage, there may be additional coverages needed due to the unique risks that Florida and Fort Myers present. Here is a quick overview of other coverages you may have to consider:

Hurricane or wind damage coverage: Because Fort Myers is prone to hurricane and severe weather, wind and hurricane damage is often covered under a separate coverage. Hurricane or wind damage coverage will pay to repair or replace your home if it is damaged or destroyed by extreme winds or a hurricane.

The major difference with this coverage is the deductible. This coverage comes with a percentage deductible which dramatically increases you skin in the game. A percentage deductible means that your deductible for severe wind or hurricane damage is a percentage of your total dwelling coverage. As an example, if you are carrying $300,000 in coverage and have a 5 percent deductible, you will need to pay $15,000 as a deductible. Percentage deductibles typically range from 2 to 10 percent.

Flood Insurance

Flood insurance is a necessity in many parts of Florida including Fort Myers. A standard homeowners policy excludes flood damage so in order to be fully protected you will need to carry a flood insurance policy. Depending on where your home is located, your lender may require that you carry flood insurance, check with your agent to see if this is a coverage you should be carrying.

Sinkhole Insurance

Florida is prone to sinkholes but they are not as common in Fort Myers as Northern or Central Florida. However, depending on your location, you may need sinkhole coverage in Fort Myers. Sinkhole damage is not covered by a standard homeowners policy.

Tips for Saving Money on Homeowners Insurance

While Florida does have some of the highest home insurance rates in the country, here are a few tips to help you save a bit of money:

  • Shop Your Coverage: This is the best way to save money on insurance. Insurance companies rate risk differently which can result in dramatic premium differences. Shop your coverage once a year and always compare apples to apples when it comes to coverage levels and deductibles.
  • Wind Proof Your Home: Wind mitigation efforts can help reduce your premium. Wind resistant doors, windows and roofing materials can dramatically lower your premium. While these upgrades can be costly, over time they will pay off in reduced insurance costs.
  • Discounts: Insurance companies offer a variety of discounts so make sure you are getting every discount you are qualified to receive. Ask your agent to do a discount review to make sure all discounts are being applied to your policy.
  • Up your deductible: Your premium will drop if you up your deductible. If you can afford to double your deductible, you should see a major drop in your premium. Always choose a deductible that you can easily afford in the event you have to make a claim.

Compare Homeowners Insurance Rates in Fort Myers, FL!

Enter your Zip Code:    

Get up to 12 competitive Fort Myers, FL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Fort Myers, FL rates all in one place!

Our Service in Florida

You can feel confident that our experience, integrity and service will help you find the best insurance policy at a price you can afford. We work with a wide variety of insurers in Fort Myers, Florida and all of them are top rated "A+" by A.M. Best Rating and have been in business for several decades.

Just a few of the insurers we work include American Integrity Insurance Group, Anchor Insurance, ASI, Bankers Insurance Group, Centauri Insurance, Chubb, Edison Insurance Company, Florida Peninsula Insurance Company, Heritage Insurance, Lexington Insurance, Olympus Insurance, People's Trust Insurance Company, St. Johns Insurance Company and many more.

Average Rates Nearby Fort Myers

Are you looking for homeowners insurance in a city near Fort Myers? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Fort Myers, FL

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Fort Myers.

33901,     33905,     33907,     33908,     33912,     33913,     33916,     33919,     33965,     33966,     33967,     

Fort Myers, FL Home Insurance Average Premiums

Local Fort Myers, FL home insurance quotes comparison

$1369 /yr.

Shows Fort Myers's lowest average rates with discounts applied.

For the city of Fort Myers, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$1369 /yr.
Average Coverage:$1619 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1919 /yr.

What is the average home insurance cost for a home in Fort Myers, FL?

  • • The average homeowners insurance premium paid annually for a home in Fort Myers is around $1619 per year.

What does it cost on average per month for home insurance in Fort Myers, FL?

  • • Homeowners in Fort Myers pay an average cost per month around $135.00 for insurance coverage.

Fort Myers, FL Coastal Wind, Hail & Flood Information

Fort Myers is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood Zone Notice: The beautiful coastal city of Fort Myers is know for it's beautiful beaches and waterways. Because Lee County (FIPS: 12071) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Fort Myers, FL.

Coastal Fort Myers, Florida Information: To obtain flood insurance coverage, the process usually takes more than 30 days to finalize, if you need flood insurance coverage now, please call us at 888-620-1954.
For more information about your area, please click Coastal Homeowners Insurance in Florida

Fort Myers, FL - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $367,571 $319,285
February $365,368 $328,325
March $364,340 $338,667
April $363,820 $348,932

Homeowners insurance will help cover the cost to repair or replace your Fort Myers home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Fort Myers
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Fort Myers, FL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Fort Myers, FL rates all in one place!

Saving Money Tips on Fort Myers Home Insurance

A great way to save money on Fort Myers homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Fort Myers area? Check out what homeowners are paying on average for Florida homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
15 ft. This is the average home elevation in Fort Myers, FL

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Fort Myers, Florida.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Fort Myers, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Lee County.

Florida Homeowners Insurance News & Information

  • Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024

    A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

  • Florida Lawmakers May Allow Takeout Offers to Citizens’ Policyholders Posted on Wednesday 13th March, 2024

    Lawmakers in Florida are moving closer to allowing specific insurer types to make offers to policyholders currently with Citizen’s Property to insure their vacation or second home.  SB 1716 this week cleared the Senate’s Fiscal Policy Committee for the takeout offers after the Senate’s Banking and Insurance Committee approved the measure earlier this month.  This […]

  • Florida has 7 New Home Insurance Companies Entering the Market Posted on Friday 1st March, 2024

    Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute.  The Insurance Information Institute is hopeful that the new insurance […]

  • What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024

    If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

  • Florida Homeowners Advance From Citizens into Private Companies Posted on Tuesday 5th December, 2023

    Homeowners Choice Property and Casualty Insurance Co. has assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company, the parent company says in a Tuesday news release. Homeowners Choice is owned by HCI Group Inc., a holding company with operations in homeowners insurance, information technology services, real estate and reinsurance. Homeowners Choice […]

Fort Myers, FL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Fort Myers so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Fort Myers, FL?

- The average square footage in Fort Myers is around 1,199 Sq. Ft. which would cost you around $200,239 to replace the home if you base the home on the price to build per square foot of $167.

Minimum Replacement Cost Total: $200,239

Location: Fort Myers, Florida (Lee County)

Average Building Cost Per Square Foot in Fort Myers: $167 (low end)

Average Square Footage in Fort Myers: 1,199 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$167$200,239
Some Additional Upgrades$209$250,299
Major Home Updates or Advancements$251$300,359

The dwelling coverage is calculated by the average cost per square foot ($167) in Fort Myers, Florida times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $521,875 (Media price to build of $209 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.