What’s the Best $0 Medicare Advantage Plan?
For budget-friendly Medicare Advantage plans that cost $0 per month, AARP/UnitedHealthcare and Humana are a good choice because they have... 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
What Are the Best Medicare Plans for Cancer Patients?
Medigap Plan G from AARP/UnitedHealthcare gives you the best coverage for cancer treatment. If you can't get Medigap, choose a Humana... Read More
Best Cheap Medicare Advantage Plans in Michigan
Priority Health has the best Medicare Advantage plans in Michigan. Aetna is also a good option for cheap plans, and Blue Cross Blue Shield... Read More
Fireworks Injuries Plunge After Explosive 2020
ValuePenguin analyzes the number of fireworks injuries treated at emergency departments between 2012 and 2021. Here’s a look at what’s... Read More
How Much Are Medicare Deductibles in 2024?
For 2024, Medicare Part B has a $240 annual deductible, and Medicare Part A has a $1,632 deductible each time you're hospitalized. The... Read More
Does Medicare Cover Diabetic Supplies?
Original Medicare covers some diabetic supplies, such as an insulin pump. However, you'll need a Medicare Advantage (Part C) or Part D plan... Read More
Nearly Half of Americans Believe Their Health Insurance Would Cover Them if They Got Sick or Hurt on International Vacation — But It’s Not That Simple
28% of Americans have gotten sick or injured on vacation. Bacterial and food-borne illnesses are the most common... Read More
What Are the Best Medicare Supplement Plans in Texas for 2025?
Mutual of Omaha has the best Medigap plans in Texas because of its high levels of customer satisfaction and cheap rates. Cigna sells the... Read More
What Happens to Your Medicare if You Move?
You can keep Original Medicare and can usually keep Medigap plans when you move. But if you move far from your current home, you'll need a... 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).