Cheap Florida health & Homeowners Insurance [2024]

Browsing the many health and homeowners insurance rates in Florida can be challenging. There is a lot of information to examine, and it can be overwhelming to determine which companies offer the cheapest insurance rates for seniors and low-income households. However, we are here to help you find the best auto insurance rates available.

There are many options for health insurance and homeowners coverage, including low-cost insurance for senior citizens and low-income households.

Health coverage and homeowners insurance don’t have to cost too much and can cover your health and home with ease. Some companies offer competitive rates and discounts for senior citizens, low-income households, and military members.

Use your ZIP code in our free insurance company comparison tool to see the best-personalized rates for your needs.

What health and homeowners coverage do you need in Florida?

It can be challenging to know which coverage you need in Florida for health insurance and homeowners coverage. Florida is notorious for its tumultuous hurricane seasons that cause flooding and property damage, which means you may require enhanced insurance to handle these damages.

Some of the best health care packages in Florida cover generic prescriptions for seniors and low monthly premiums for low-income households. These coverage options can cost less than $300 monthly, and discounts may be available for holding multiple policies.

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How does health insurance work?

Generally, a tier system outlines health insurance packages. Each tier costs a different amount and varies by health care coverage and company. Platinum tier packages are the most expensive and offer the most benefits. There are six tiers of care:

• Catastrophic
• Bronze
• Expanded
• Silver
• Gold
• Platinum

Catastrophic coverage is the most basic care and will likely not cover a wide array of coverage. Additionally, deductibles for catastrophic and bronze tiers may be high.

The silver tier offers an acceptable coverage to cost ratio. However, this tier may be too expensive for low-income households. Bronze and catastrophic health care plans bring minimal coverage to senior citizens and low-income families for emergencies and basic health care needs.

What is the cheapest health and homeowners insurance for seniors in Florida?

Senior citizens may find it challenging to locate health insurance coverage for a low cost. However, senior discounts can sometimes lower the cost of homeowners insurance.

Health care insurance costs rise exponentially after the age of 60 and can be nearly double the cost for a 40-year-old. Health care for those over 60 can sometimes cost three times more than health care for someone in their 20s. However, there are some low-cost, low-coverage options for seniors who need minimal coverage for emergencies.

Ideally, those over 65 should check for Medicare and Medicaid eligibility, as these programs can cover some or all health care needs with low out-of-pocket costs. Most people over 65 will qualify for Medicare. (For more information, read our “How Life Insurance Impacts Medicaid Eligibility“).

UnitedHealthcare for Health Insurance

This Medicare insurance plan can keep costs low for those over 65. However, there may still be out-of-pocket costs for some prescriptions and services. While UnitedHealthcare covers most hospital visits, immunizations, and other preventive care, some specialists may not be in-network.

Since UnitedHealthcare is part of Medicare insurance, there is a low monthly cost, or no monthly cost, for this coverage.

Supplemental insurance coverage covers other out-of-pocket costs that Medicare does not cover. This plan is called Medigap.

USAA for Homeowners Insurance

USAA is available for military members and dependents. With an average cost of around $1,800 annually, USAA is only beat out by State Farm and Allstate. However, USAA covers more property damage and offers more services.

In addition to liability coverage, USAA’s homeowners insurance will cover property damage from fire, vandalism, most weather-related incidents, and theft. In some cases, they may also cover identity theft.

What is the cheapest health and homeowners insurance for low-income households?

Getting health care and homeowners coverage is a struggle for low-income households, meaning that some families may go uncovered for long periods. However, some health care and homeowners coverage options will not drain your wallet.

Whether you need the cheapest health care in Florida or homeowners insurance for the necessities, these companies can cover you for low monthly costs.

Molina Healthcare of Florida, Inc. for Health Insurance

With a low monthly cost of around $340 per month, “Molina Core Care Bronze 1” can offer coverage for you and your family’s basic needs. The deductible for this plan is $6,100 for an individual and $12,200 for a family. It also covers preventative care and generic prescriptions before you meet your deductible. This plan requires a referral to see any specialists.

Visiting an out-of-network health care provider raises the deductible of this plan to $8,550 for an individual and $17,100 for a family.

Tower Hill for Homeowners Insurance

This company is perfect for Florida residents because of its history with hurricane damage management. Tower Hill is an ideal choice for homeowners insurance for low-income households as it only costs between $750 and $1,000 per year.

Tower Hill also offers flood insurance, which can help with stormy Florida summers and hurricane season.

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Florida Has Competitive Car Insurance Rates

In addition to having low-cost health and homeowners’ insurance coverage, Florida also has some of the best car insurance rates in the country. As a no-fault state, Florida residents can take advantage of low monthly premiums.

In no-fault states, nobody gets declared at fault in a car accident. A no-fault state enables insurance payouts to happen faster, fewer traffic-related legal proceedings go to court, and drivers have more coverage.

No-fault states require drivers to have additional personal injury protection insurance. Personal injury protection is often called no-fault insurance. This insurance covers property damage to the other driver’s vehicle and bodily harm to you and your passengers. Additionally, you may receive reimbursement for lost wages and child care costs.

The cheapest car insurance companies in Florida are Geico, State Farm, and USAA. For as little as $70 per month, Geico offers Florida drivers the minimum liability coverage required to drive and keep them safe. State Farm is only slightly more expensive at around $84 per month. USAA costs around $75 per month but is only available for military members, veterans, and dependents of military personnel.

Health and Homeowners Insurance Can be Expensive in Florida

Though it can be hard to choose the right insurance company and coverage for your health, home, and vehicle, these companies can keep you safe and secure on the road.

The cheapest health insurance rates for senior citizens include companies that offer care for a low monthly premium and have high offerings with few deductibles. Low-income households may not have as much coverage, but it will be enough to keep family members healthy and covered.

Homeowners insurance for senior citizens and low-income households can be pricey, but it can protect their homes during hurricane season. Additionally, full Florida auto insurance may be more expensive but offers plenty of benefits for you and your family.

Whether you need minimal coverage for home or health, or you’re looking for an inexpensive option to keep you secure, these companies can help.

 

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