How Much Is Flood Insurance? A Basic Price Guide

Flood insurance is an important coverage to have in the event of an unfortunate disaster. It helps to protect your home and your possessions from damage created by natural storms.

However, it’s sold separately from standard homeowners insurance. Unless you’re in a state that requires flooding insurance, it may not be something you’ve thought to acquire.

So, how much is flood insurance? We’ll explain that in the details below, keep reading.

How Much Is Flood Insurance?

The cost of flood insurance varies depending on your state. Some areas are more susceptible to flooding than others, so premiums might be more expensive in those areas. The risk of flooding is a big factor in the overall cost. But there are other contributors such as the age of your home and the building materials that make up your property.

Here are some of the other aspects that contribute to flood insurance prices:


Not only does the state that you live in play a role, but the place where your home is located does as well. For instance, if your house is situated in an elevated area that probably won’t flood, you may get a more affordable rate. That’s true even if you live in a region that’s at higher risk of flooding.

Deductible and Coverage Limit

How much is flood insurance? Well, you must factor in your deductible. Usually, if you have a low deductible and a high coverage limit, the more expensive your policy will be.

Most insurance providers allow homeowners to choose their deductible and coverage limits. For instance, you may have a choice of a $1,000 deductible, $5,000 deductible, or $10,000 deductible. 

You have to decide whether or not you want a smaller deductible and higher premiums, or a higher deductible and less expensive premiums. You should probably put funds aside for a cushion if you choose a high deductible.


If you get standard flood insurance coverage, then your monthly premiums won’t be much. On the other hand, if you want a policy with all the bells and whistles, that’s going to cost more.

You have to determine if it’s worth the cost to add lots of additional coverage or not. Below are some of the common items that flood insurance covers:

  • Home appliances
  • Plumbing and electrical
  • Detached garages
  • Fuel and water tanks
  • Cabinets and staircases
  • Washer and dryer
  • Personal belongings like electronics, clothing, and furniture
  • Microwave oven
  • Curtains
  • Window air conditioners

Check out the highlighted link to learn how base flood elevation could affect your insurance premiums.

Get the Flood Insurance Protection You Need

There isn’t a “one-size-fits-all” price for flood coverage—but it’s worth the cost. You’ll have peace of mind knowing that you and your family are secure physically and financially in the event of a flood. Be sure to get the protection that you need.

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