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The average homeowner's insurance in Orlando, FL, is $1,169 per annum. According to Vhome’s analysis, Orlando homeowners can save as much as $468 by comparing quotes and reviews from different home insurance companies.

Financial Strength Rating

Their financial strength determines the ability of home insurance companies to grant a claim. Orlando homeowners can refer to ratings given by A.M. Best to gauge the financial strength of home insurance companies. For example, Allstate has a financial strength rating of A+ (superior), whereas, State Farm has a rating of A (excellent).

Overall Customer Satisfaction Rating

J.D. Power is a well-reputed company that gathers feedback from numerous homeowners who have policies with home insurance companies, to rate them. Home insurance companies are rated on a scale of 1-5 depending on policy coverage, insurance rates, discounts, customer handling, and the speed at which claims are processed. For example, Erie has a rating of 5/5, while Nationwide has a rating of 3/5.

Comparing Quotes

Home insurance companies consider the safety features of homes before deciding the insurance costs of Orlando homeowners. The discounts provided on homeowners insurance based on home security features differ from one insurance company to another, which increases or decreases the overall home insurance cost. According to a study done by Vhome, Orlando homeowners get discounts of up to $140 based on home construction type.

Deductibles vs. Variables

Home insurance costs vary depending on deductibles homeowners opt to pay. Insurance companies quote lower home insurance rates on high deductibles. Orlando homeowners are advised to choose the home insurance company that quotes the lowest insurance rate on the deductible they pay.

Processing A Claim

Home insurance companies require proof of loss statements along with documentation to process claims. The speed at which claims are processed varies between one home insurance company to another, with 40 days being the maximum time as dictated by state law.