How much is flood insurance?

Most homeowners insurance policies exclude coverage for water damage caused by a flood, which means if you live in a flood zone area, be prepared to purchase a separate flood insurance policy. Flood insurance rates vary depending on many factors, including your home’s construction, how much coverage you need, and your area’s risk for flooding.

3 min to read

Explore Progressive's editorial standards for Answers articles to find out why you can trust the insurance information you find here.

How much does flood insurance cost per year?

According to FEMA, the average flood insurance cost for a policy from the National Flood Insurance Program (NFIP) is approximately $700 annually. However, your price will vary based on your location, type of home, and other factors.

FEMA also states that if you qualify for federal disaster relief after a flood and you’re uninsured, you’re required to buy a flood insurance policy in order to get federal assistance in the future. Learn more about how flood insurance works.

Flood insurance cost factors

The cost of flood insurance is determined by several components, such as:

Coverage selection

Both the coverage type and amount of coverage can influence your rate.

Risk for flooding

Homes in high-risk flood zones may pay more for flood insurance than homes with moderate or low risk for flooding. Learn how base flood elevation works.

Age of construction of your home

Older properties may be more expensive to insure against flooding compared to homes built with more modern construction materials.

Cost to replace personal property

The value of the contents in your home, including furniture, antiques, appliances, and electronic items, affect the cost of flood insurance. Learn how you may protect your belongings with personal property coverage.

Deductible amount

The higher your deductible on your flood policy, the lower your premium.

Get flood insurance through Progressive

Safeguard your home and personal property against rising groundwater and potential flooding. Get a flood insurance quote and purchase online.

Get a flood insurance quote to protect your home

Learn more about flood insurance policies.

Please note: The above is meant as general information to help you understand the different aspects of insurance. Read our editorial standards for Answers content. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy and/or speak to an insurance representative. Coverages and other features vary between insurers, vary by state, and are not available in all states. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation. We are not responsible for the content of any third-party sites linked from this page.