Who Has the Cheapest Car Insurance in Utah? (2024)
Auto-Owners is the cheapest insurance company in Utah, at $51 per month for minimum coverage. It also has the cheapest full coverage... 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 and Cheapest Home Insurance Companies in Arizona (2024)
The average cost of homeowners insurance in Arizona is $1,993 per year. State Farm, Auto-Owners, Chubb and USAA are some of the best... Read More
Best and Cheapest Home Insurance Companies in Ohio for 2024
Ohio Mutual offers the cheapest home insurance in Ohio, at $861 per year for $350,000 in coverage That's 40% cheaper than the state... Read More
The Best and Cheapest Homeowners Insurance Companies in Pennsylvania (2024)
Penn National is the best company for homeowners insurance in Pennsylvania because of its cheap rates and high customer satisfaction.... Read More
What to Know About ACA Minimum Essential Coverage
Minimum essential coverage is health insurance that meets the Affordable Care Act (ACA) requirement for being a qualified health plan, or... Read More
Cost Sharing Reduction (CSR): What It Means and Who's Eligible?
Cost-sharing reductions lower your medical costs. To qualify, you need to earn less than $36,450 as a single person or $75,000 for a family... Read More
Cheapest Car Insurance Quotes in Montana (2025)
State Farm offers the cheapest car insurance in Montana, at $86 per month for a full coverage policy. It also has the cheapest minimum... Read More
The Best and Cheapest Iowa Car Insurance Quotes (2024)
State Farm has the cheapest car insurance quotes in Iowa at $20 per month for minimum liability coverage. The cheapest full coverage... Read More
Who Has the Cheapest Car Insurance Quotes in Oklahoma? (2024)
The best cheap car insurance quotes in Oklahoma are from State Farm, which has an average rate of $110 per month for full coverage. That's... 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).