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CostHelper > Personal Finance  > Insurance > Flood Insurance

Flood Insurance Cost

How Much Does Flood Insurance Cost?

low costLow: $100+/yearaverage costAverage: $400-$500/yearhigh costHigh: $2,000+/year
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  Typical costs:
  • Annual premiums for flood insurance on a single-family one-story home average about $400-$450 nationwide but can be as low as $112 in a low-risk area and more than $2,000 a year in flood-prone areas. provides quick quote charts[1] for rough cost estimates and a location risk calculator[2] .
Related articles: Homeowner's Insurance, Earthquake Insurance, Water Damage Restoration, Flooded Basement

What should be included:
  • Standard homeowners policies do not cover environmental- or storm-related water damage. Flood insurance is sold and serviced by private insurance companies but the policies are issued through the federally funded National Flood Insurance Program. outlines what's covered and why flood insurance is a good idea even in low- to moderate-risk areas.
  • answers commonly asked questions.
Additional costs:
  • Residential flood insurance covers structural replacement costs up to $250,000; anything over that amount requires a separate policy from one of the few private companies issuing this type of coverage.
Shopping for flood insurance:
  • Ask your insurance agent about flood coverage or search for a local agent at[3] .
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What People Are Paying - Recent Comments
flood insurance
Amount: $10,000.00 per year
Posted by: Rimma in staten island, NY.Posted: March 9th, 2014 06:03PM
Risk Level: a
after hurricane Sandy I decided to buy flood insurance , however the price is not affordable $10000
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HELP! I can't sell my house because of Congress price fixing.
Amount: $47,000.00 per year
Posted by: Jenae in Wareham, RI.Posted: March 5th, 2014 08:03AM
Risk Level: AE/ 1 Deck support VE
This is price fixing. No help, no information. No advising anywhere... help. There is no way to sell my house. Yes, my new elevation certificate that cost $800 says that a potential new buyer would have to pay $47,000 if I don't MOVE my deck supports.
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elevation certificate
Amount: $2,392.00 per year
Posted by: a user in islandpark, NY.Posted: December 8th, 2013 08:12AM
Risk Level: a

how can one determine what elevation equals what rate?
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Outrageous Premiums
Amount: $5,400.00 per year
Posted by: a user in Brunswick, GA.Posted: October 18th, 2013 12:10PM
Risk Level: V
This is a Government scam and drives down the value of a home. There needs to be reasonable caps on premiums. Premiums also go up 12-15% each year and the maximum coverage is capped only $250,000 and never goes up with the increased premiums. 12 years ago I had the same coverage and was paying about $2,300.00 per year.
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Flood ins
Amount: $562.00 per year
Posted by: Mike O in Toms River, NJ.Posted: June 20th, 2013 08:06AM
Risk Level: ao
I was paying $562 per year for the last 20 years, now after hurricane Sandy they upped my ins. to over $5ooo.oo per year,thats after I paid my preminum in advance for the whole year, now they give me 30 days topay the difference.
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The insurance company made a mistake at closing.
Amount: $2,200.00 per year
Posted by: AFTA in Tamworth, NH.Posted: April 13th, 2013 09:04PM
At closing our insurance was 375.oo or so. We found out a month later it was really 1400. Then the rates climbed up and up after hurricane katrina. Were now facing 2200 and our property hasn't been at risk for over 150 years. I don't mind paying but this is just not affordable!
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Government Scam
Amount: $1,300.00 per year
Posted by: a user in Huntington Beach, CA.Posted: May 15th, 2012 07:05PM
Risk Level: extremely low
Every year policy premiums go up. We've never in a 100 years had a case of a flood. My home insurance premiums are only $700, Why flood insurance cost a double for the same amount of coverage and non existing chance of a flood. Why government making it an obligation to get this stupid coverage? We have a greater chance of an earthquake than a flood happening in California. It's just another way to control us and scam us out of the money.
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Nothing but a scam
Amount: $1,300.00 per year
Posted by: a user in Willcox, AZ.Posted: July 9th, 2011 12:07AM
Risk Level: low
My home was magically transported into a flood zone while I slept. From all indications it is still in the desert but FEMA has determined it is flood risk. Perhaps they are anticipating the melt after the next ice age? There has never been a flood and my home has a better chance of being struck by a meteor (perhaps that insurance will be the next new scam) but $1300 is the cost to cover for this less than probably one type of event. I pay $750 for all other events -- meteor included. So, suggesting that everyone should jump on board and buy flood insurance is not something I would recommend. FEMA will be coming to a community near you soon enough. If you currently have a Federal backed loan - refinance and you will not be impacted by these arbitrary decisions.
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how can i lower?
Amount: $1,459.00 per year
Posted by: a user in san jose, CA.Posted: July 15th, 2010 01:07PM
Risk Level: high
everything we purchase seems to double its price due to taxes and insurances.
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paying too much for Flood insurance
Amount: $1,555.00 per year
Posted by: marisol forbes in Ridgefield, NJ.Posted: June 18th, 2010 12:06PM
Risk Level: low
I feel i am paying too much for flood insurance. How can i lower my policy
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