Does Medicare Cover Assisted Living?
Medicare does not cover most assisted living costs. However, it and other government programs like Medicaid and PACE may provide partial... 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
Fatal Crashes Involving Speeding Up More Than 28% Over 3 Years
ValuePenguin researchers looked at the demographics — from gender and age to type of crash and light conditions — to provide a detailed... Read More
What Is a Medicare Special Enrollment Period (SEP)?
A special enrollment period (SEP) lets you sign up for or switch Medicare plans outside of open enrollment.... Read More
Kia Insurance: How Much Is It and How to Get Coverage
Allstate, State Farm and Progressive aren't selling new insurance policies to owners of certain Kia models in some states. If you’re... Read More
What Are the Best Medicare Supplement Plans in Georgia?
AARP/UnitedHealthcare has the best Medicare Supplement plans in Georgia because of its low rates, good service and useful extra... Read More
How Much Is a Vasectomy, and Does Insurance Cover It?
A vasectomy costs an average of $1,580. Many health insurance plans cover vasectomies, even though coverage usually isn't required by... Read More
How Much Is Obamacare in 2025?
For 2025, Obamacare costs an average of $621 per month for a 40-year-old with a Silver plan, but rates depend on your plan type, age,... Read More
What to Know About Low Income Health Insurance in Texas
Medicaid offers low income health insurance in Texas, but it's hard to qualify. Health centers or cheap health insurance can help adults... Read More
Should You Use a Health Insurance Broker?
You should use a health insurance broker if you want expert advice when shopping for coverage. Health insurance brokers are licensed... 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).