Flood Insurance Quotes

Average NFIP costs by state

Sources: tabulation of OpenFEMA policy data (counts) and NerdWallet, citing FEMA’s Policy Information by State (average cost; national average about $976). Secondary tabulations of FEMA data; averages aren’t quotes.

Neptune Flood

Neptune Flood is a managing general agent based in St. Petersburg, Florida, that sells primary and excess flood insurance backed by insurers and reinsurers, according to its 2025 Form 10-K. It doesn’t carry the insurance risk itself.

How flood insurance works

Homeowners and renters policies don’t cover flood. Flood insurance comes from the National Flood Insurance Program (NFIP) or private insurers. Most NFIP policies take effect 30 days after purchase, with exceptions such as buying with a new mortgage. NFIP limits are $250,000 for a home’s structure and $100,000 for contents. Since Risk Rating 2.0, NFIP premiums reflect each property’s flood risk and rebuilding cost, and most annual increases are capped at 18%.

Private flood insurance

Private flood insurance is a growing alternative. NAIC data show about 683,000 private flood policies in force in 2025 and $1.24 billion in direct written premium, with Florida, Texas, New Jersey, New York, and California the largest residential markets. Private policies can offer higher limits or shorter waiting periods, but terms vary, so compare them with an NFIP quote.

What homeowners policies exclude

• Flood. Homeowners policies don’t cover flood; buy it through the NFIP or a private insurer.
• Earthquake. Commonly excluded; available as an endorsement or separate policy.
• Wear and tear. Maintenance problems and gradual deterioration aren’t covered.
• Sewer or drain backup. Limited or excluded unless you add an endorsement.
• Wind in some coastal areas. Sometimes excluded, requiring a separate wind policy.

Hurricane deductibles are separate

Hurricane and named-storm deductibles apply separately from your regular deductible. NAIC says 19 states and Washington, D.C., use them, and percentage deductibles range from 1% to as high as 15% of the home’s insured value; Triple-I says 1% to 5% is typical. A 2% deductible on a $300,000 home is $6,000.

How to compare flood quotes

1. Get an NFIP quote as a baseline.
2. Compare private quotes for limits, waiting periods, and exclusions.
3. Check building and contents limits.
4. Ask about replacement cost versus actual cash value on contents.
5. Buy early; most NFIP policies have a 30-day wait.

Who should consider flood insurance

Flood risk isn’t limited to mapped flood zones. Heavy rain, storm surge, snowmelt, and runoff after wildfires can all flood homes, and homeowners and renters policies exclude that damage. FEMA says the NFIP waiting period can be waived for flooding on burned federal land if you buy within 60 days after a wildfire is contained. Renters can buy contents-only flood coverage, up to $100,000 under the NFIP.

Deductibles explained

Your deductible is what you pay before insurance pays on a claim. Most homeowners policies have an all-perils deductible, often a flat dollar amount, and many also have a separate wind, hail, or hurricane deductible stated as a percentage of the dwelling limit. A 2% wind deductible on a home insured for $300,000 means you pay the first $6,000 of a wind claim. Choosing a higher deductible lowers your premium but raises what you pay after a loss, so pick one you could cover from savings.

Endorsements to consider

• Water or sewer backup. Standard policies limit or exclude it; Maryland requires insurers to offer it.
• Scheduled personal property. Covers jewelry, art, and collectibles above standard sub-limits.
• Replacement cost contents. Pays to replace belongings without subtracting depreciation.
• Ordinance or law. Helps pay for code upgrades required when you rebuild.
• Extended or guaranteed replacement cost. Pays above your dwelling limit if rebuilding costs more than expected.
• Earthquake. Available as an endorsement or separate policy in many areas.

Liability and umbrella coverage

Personal liability coverage pays if you’re legally responsible for someone’s injury or property damage, including legal defense. Homeowners policies often come with $100,000 or $300,000 of liability, and many people choose more. An umbrella policy adds liability coverage above your home and auto policies; Triple-I says insurers generally want about $250,000 of auto liability and $300,000 of homeowners liability underneath.

If insurers won’t cover you

If regular insurers won’t cover your home, most states have a fallback. NAIC says 33 states have a FAIR plan or similar residual mechanism, and some coastal states run separate beach or windstorm plans. These plans usually offer more limited coverage, often without liability or loss of use, and can cost more, so they’re a last resort; an independent agent can also check surplus lines insurers.

How to file a claim

1. Protect people and property first. Make temporary repairs to prevent more damage and keep receipts.
2. Report the claim promptly to your insurer or agent; policies require prompt notice, and some states set deadlines (Florida, for example, now gives one year to report a new claim).
3. Document everything with photos, video, and your home inventory.
4. Keep receipts for extra living expenses if you can’t stay home.
5. Get the adjuster’s estimate in writing and ask questions about anything you don’t understand.
6. If you disagree, ask about the policy’s appraisal process and contact your state insurance department.

Questions to ask before you buy

• Which company issues the policy, and how is it rated?
• Is the dwelling covered for replacement cost, and is there extended replacement cost?
• Are belongings covered for replacement cost or actual cash value?
• What deductibles apply, including wind, hail, or hurricane?
• What discounts are available for bundling, alarms, or roof upgrades?
• How are claims reported, and what are the deadlines?

Checking a plan and insurer

• Insurer license. Confirm the insurer is licensed in your state.
• Financial strength. Check AM Best or Demotech, depending on the insurer.
• Complaints. NAIC’s Consumer Insurance Search shows complaint data.
• Exclusions. Read what isn’t covered, especially flood and water damage.
• Deductibles. Know every deductible that applies.

What an independent agency does

An independent insurance agency is licensed to sell policies from several insurance companies. Instead of quoting one company's products, an independent agent can compare options from the insurers the agency represents, explain the differences in coverage, and help you re-shop at renewal. The insurance company, not the agent, makes underwriting and claim decisions.

Blake Insurance Group is an independent agency. We work with clients by phone, email, and online in states where we are licensed, and we will tell you which insurers we can quote for your situation.

How we work

Blake Insurance Group serves clients by phone, email, and online in states where we are licensed. The insurers and plans we can offer depend on our appointments and your location; a company named on this page may not be available through us.

How to verify an insurer or agency

Before buying through any website or app, confirm who is selling you the policy and who will issue it:

1. Find the licensed agency or insurer named in the site's footer, terms, or license page.
2. Look up the agency or producer on your state insurance department's license search, or through the National Insurance Producer Registry (NIPR).
3. Look up the insurer on your state insurance department's company search to confirm it is authorized in your state.
4. Save the insurer's name and policy number once issued, since that is who handles claims.

A legitimate service will make this information easy to find. Be cautious if you cannot identify the licensed entity.

Sources

We checked the facts on this page against the sources below in October 2026. Plans, prices, and rules change, so confirm current terms before you buy.

• FEMA: NFIP waiting period
• FEMA: NFIP coverage limits
• FEMA: Understanding Risk Rating 2.0 (2025)
• OpenFEMA NFIP policies by state, tabulated (Aug 2026)
• NerdWallet: Flood insurance cost by state (FEMA data)
• Neptune Insurance Holdings 2025 Form 10-K
• NAIC: Private flood market data, May 2026
• Maryland Insurance Administration: Homeowners insurance guide
• Triple-I: What is an umbrella liability policy?
• NAIC: FAIR plans
• Triple-I: Average premiums for homeowners and renters insurance by state, 2022 (NAIC data)
• NAIC: Homeowners insurance report (2022 data) release
• NAIC: A Consumer’s Guide to Home Insurance (2022)
• Alabama DOI: Homeowners insurance forms
• New Jersey DOBI: Insuring your home
• Triple-I: Inflation, replacement costs, and homeowners insurance (Dec 2025)
• Triple-I: Homeowners market shows early signs of stabilization (Dec 2025)
• AM Best: Ratings search
• NAIC: Consumer Insurance Search

What to have ready for a quote

These details help an agent quote accurately.

1. Property address. And the year built, square footage, and construction type.
2. Roof and systems. Roof age and material, plus electrical, plumbing, and heating updates.
3. Current policy. Your declarations page, so quotes match your coverage.
4. Claims history. Any losses in the last five years.
5. Safety features. Alarms, sprinklers, and storm protection.

Flood Insurance Quotes FAQs

Related guides

• Home insurance
• Renters insurance
• Flood insurance
• Condo insurance
• Landlord insurance

Partner quote options

Your next step

Request a quote, and a licensed agent will compare options available to us.