[TimDaCodet]

How much does flood insurance typically run for homes in a flood zone?

For example a Zone A flood zone near a creek.

[Corrie22]

How Much Is Flood Insurance in Florida?

https://quotewizard.com/home-insuran...urance-florida

https://www.betterflood.com/florida-...lood-zone-map/

[1insider]

It's about to change beginning Oct. 1 when the National Flood Insurance Program undergoes a major overhaul to more accurately price based on risk. I expect significant increases for most of Florida flood policies but would be happy to be wrong.

From the article:
Right now, the owner of a $1 million Florida home and the owner of a $200,000 Montana home are paying the same rates for insurance, even though their risk levels are decidedly different. Under the new model, the Florida owner would almost certainly pay more.

[Travelassie]

Originally Posted by TimDaCodet

How much does flood insurance typically run for homes in a flood zone?

For example a Zone A flood zone near a creek.

We just paid $691 for flood insurance annual renewal for 2021-2022. We're in an 8AE zone, for the portion of the property next to a tidal canal, the property slopes downward from the road to the water, and the house is elevated, on the "non- flood zone" portion of the property. In any case, the rates are based on our elevation certificate for the house ( 12 feet).

[Travelassie]

Originally Posted by Corrie22

How Much Is Flood Insurance in Florida?

https://quotewizard.com/home-insuran...urance-florida

https://www.betterflood.com/florida-...lood-zone-map/

These are great references, Corrie. Thanks for providing them.

[FL_Expert]

Originally Posted by Travelassie

We just paid $691 for flood insurance annual renewal for 2021-2022. We're in an 8AE zone, for the portion of the property next to a tidal canal, the property slopes downward from the road to the water, and the house is elevated, on the "non- flood zone" portion of the property. In any case, the rates are based on our elevation certificate for the house ( 12 feet).

That’s pretty good. I recently paid around $800 with a base elevation of 10.8’. I think your exact elevation matters a lot with this. A few years ago I was quoted $1,800 for a different property and simply decided not to buy it as a result.

[Travelassie]

Originally Posted by FL_Expert

That’s pretty good. I recently paid around $800 with a base elevation of 10.8’. I think your exact elevation matters a lot with this. A few years ago I was quoted $1,800 for a different property and simply decided not to buy it as a result.

I guess it does. From looking at the sources Corrie22 linked in her post, it seems we're paying a bit less than the average rates in our county, ( Charlotte County) which in turn are a fair bit higher than quoted rates in other parts of Florida. Even, surprisingly enough, those counties on the coast. But parts of our county are notoriously flood prone. Not where we live, at least relatively speaking. Our AE8 flood designation is based purely on proximity to a tidal canal.

We lived in SW Miami Dade county for many years- east of US 1. Both our homeowners' insurance and flood insurance rates were outlandish, we had to get a separate windstorm policy to cover hurricane damage- available only through the state-run Citizens insurance. So I think our total insurance bill there was approaching $11,000 annually when we sold the house and moved in 2013. They raised the flood insurance rates annually ( though we had never had a flood and were not likely to have one) and IIRC the flood policy premium was close to $1200 when we left.

I think if it reached that high here I'd reconsider having flood insurance. No mortgage so it isn't mandatory.