The Best and Cheapest Home Insurance Companies in Iowa (2024)
State Farm sells the best Iowa home insurance. A policy with $350,000 in dwelling coverage costs $1,608 per year on average. Auto-Owners... Read More
Flood Insurance
Flood insurance protects your home and belongings from damage caused by flooding. Regular home insurance doesn't typically cover flood damage.
You may need flood insurance if your home is in a high-risk flood area and you have a federally backed mortgage, like an FHA or VA loan.
How to buy flood insurance
- Through the government-backed National Flood Insurance Program (NFIP)
- Private insurance company
Until recently, private flood insurance was typically very expensive. But it may be a good option if you need more coverage than an NFIP policy can provide. [/column] [/column]
At ValuePenguin, our experts can help you decide whether you need to get flood insurance. We can also help you find the best and most affordable options for flood insurance.
Compare top NFIP insurance companies
The federal government runs the National Flood Insurance Program (NFIP). However, NFIP policies are sold by private insurance companies.
The average cost of an NFIP flood insurance policy is $82 per month or $985 per year.
However, flood insurance rates vary based on the state where you live, the style of your home and how close you live to a body of water.
Your quote for NFIP insurance will be the same regardless of which company sells you a policy.
So, you should focus on finding a company that offers excellent customer service when shopping for insurance from the National Flood Insurance Program.
You should consider getting flood and home insurance from the same company. It will make your life much easier if you have a major emergency and you have to file both a home and flood insurance claim.
An example would be if a hurricane causes wind and water damage to your house. Your homeowners insurance policy would pay for the wind damage, while flood insurance would cover the water damage.
Find Cheap Homeowners Insurance Quotes in Your Area
Best NFIP flood insurance companies for customer service
Frequently asked questions
What is flood insurance coverage?
Flood insurance is a special type of insurance that protects your home. It covers damage to your home and your personal property from flooding. Regular home insurance usually doesn't cover flood damage.
What is the difference between flood insurance and homeowners insurance?
Flood insurance protects your home and belongings from damage caused by flood water. Homeowners insurance protects against many other types of damage, like fire, smoke and vandalism. But most homeowners insurance policies don't cover flood damage.
What is the difference between NFIP and private flood insurance?
National Flood Insurance Program (NFIP) insurance is backed by the federal government. It's usually cheaper than private flood insurance. And the NFIP won't cancel your flood insurance policy after you make a claim.
Private companies typically offer higher coverage limits, which could be necessary if you have an expensive home or valuable items.
Flood Insurance Research & Advice
Best Cheap Home Insurance in South Dakota (2024)
The best home insurance companies in South Dakota are Auto-Owners, Farm Bureau and State Farm. All three companies have affordable rates... Read More
The Best and Cheapest Homeowners Insurance in Wisconsin (2024)
Erie, State Farm and American Family offer some of the most affordable home insurance in Wisconsin. On average homeowners insurance in... Read More
Best Cheap Home Insurance Companies in North Carolina (2024)
The best homeowners insurance company for most people in North Carolina is State Farm, with its balance of affordability, features and... Read More
Auto Insurance Requirements in North Carolina
North Carolina's required auto insurance policy includes liability coverage and uninsured motorist coverage. There are also several... Read More
Auto Insurance Requirements in Georgia
Drivers in Georgia need to at least carry bodily injury and property damage coverage of 25/50/25. In addition, motorists have a choice of... Read More
Auto Insurance Requirements in Ohio
Ohio requires bodily injury and property damage coverage of at least 25/50 limits for all drivers in the state. There are also some... Read More
Auto Insurance Requirements in New York
New York requires all drivers to show financial responsibility before hitting the road — and that can mean carrying car insurance or... Read More
Earthquake Insurance, Explained
Earthquake insurance pays for repairs to your home and property that is damaged due to an earthquake or earth earth movement like a... Read More
Methodology
To find the average cost of flood insurance in the U.S., ValuePenguin studied data published by the National Flood Insurance Program (NFIP).