How Much Does Fort Myers Home Insurance Cost?

The short answer is that Fort Myers homeowners insurance costs about $981 to $1,334 per year on average and is generally lower than the state of Florida average which is about $1,648 to $3,575 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.

What Home Insurance Companies Have the Best Rates for Fort Myers?

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 rate. In our experience, here are we’ll most likely recommend one of the following insurance carriers as they tend to have the lowest premiums for Fort Myers:

  • St Johns Insurance
  • Edison Insurance
  • Citizen’s Property Insurance
  • Florida Peninsula Insurance Company

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 include:

  • Location, age, and size of the house
  • Shape 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 home insurance carriers for houses in Fort Myers with a heated area of about 1870 square feet:

Year BuiltLower EndAverageHigher End
2018$705$747$802
2006$747$828$973
1995$868$1238$1644
1985$1211$1438$1725

How We Arrived At These Rates.

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 Cape Coral, the cost to rebuild a house is about $125 per square foot of heated area. The most common heated area for a house in Cape Coral is about 1800 square feet. In this example, we would expect the most common Dwelling Coverage amount in Cape Coral to be about $225,000. 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. Our agents use the Lee County Property Appraiser’s website (leepa.org) to find the heated area of your Cape Coral 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. We didn’t include those in this table because they vary wildly with how they’ve changed and been remodeled over time.

For comparison, the following table is our estimated home insurance premiums by our best home insurance carriers for houses in Fort Myers with a heated area of about 2500 square feet and a Dwelling Coverage amount of $250,000:

Year BuiltLower EndAverageHigher End
2018$684$713$939
2006$914$995$1128
1995$1253$1283$1575
1985$1320$1562$1798

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.

Other Factors That Affect Your Home Insurance 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 home insurance premiums:

  • 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”

Again, all of this information will help you get an idea about how much your Fort Myers home insurance premium will be, but the only way to know for sure is to get an actual quote from a licensed Florida home insurance agent. You can even contact us for a second opinion if you’ve received a quote from a different agent.