Penalties for Driving Without Insurance in Idaho
In Idaho, driving without insurance may be considered a misdemeanor that's punishable by a fine, fees, license suspension and jail time.... 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.
Find Cheap Homeowners Insurance Quotes in Your Area
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
How Does a DUI Affect Your Auto Insurance Rates in 2026?
Full coverage car insurance rates go up by an average of $183 per month after your first DUI. But some companies, like Progressive, NJM and... Read More
How Does Your Credit Score Affect Auto Insurance Rates in 2026?
A poor credit score can nearly double your car insurance rates. On average, people with bad credit pay $412 per month for full coverage... Read More
How Much Does Private Mortgage Insurance (PMI) Cost?
Here we explain how mortgage insurance (PMI) policy premiums are priced. Click to read more about private mortgage insurance, who needs it,... Read More
Penalties for Driving Without Insurance in Utah
Driving without insurance is considered a misdemeanor in Utah. If you're caught, you could face up to a $1,000 fine — not to mention... Read More
Penalties for Driving Without Insurance in Iowa
If you're caught driving while uninsured in Iowa, the state may suspend your driving privileges for up to 12 months, and you could pay a... Read More
Penalties for Driving Without Insurance in Oregon
If you are caught driving without proof of insurance in Oregon, the consequences are costly fines, suspension of driving privileges,... Read More
Penalties for Driving Without Insurance in Louisiana
Driving without insurance in Louisiana can immediately strip you of your driving privileges and result in fines of $500 to $1,000 or more.... Read More
Penalties for Driving Without Insurance in Kentucky
Driving a car in Kentucky without insurance is a misdemeanor that can result in expensive fines, suspension of your driving privileges or... 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).
About the Author
Matt Timmons
Lead Writer
Matt Timmons is a Lead Writer on the insurance team at ValuePenguin, where he writes in-depth and timely pieces helping find the right coverage for them.
He's covered insurance at ValuePenguin since 2018, specializing in auto and home insurance, as well as life insurance. He's paid special attention to the EV insurance market, where prices are much higher than for gas cars.
Before he started writing about personal finance, Matt wrote about professional skills and online tools at an e-learning company.
How insurance helped Matt
During freshman orientation in college, Matt's iPod was stolen off his table while he was eating lunch. Luckily, he'd bought a college insurance plan the day before and he had money to buy a replacement before classes started.
Expertise
- Auto insurance
- Home insurance
- Insurance rate analysis
- Life insurance
Referenced by
- CNBC
- Miami Herald
- Yahoo! Finance
Education
- BA, Wesleyan University
Call(855) 596-3655
Agents Available
24/7
To speak with a licensed insurance agent and get quotes for car, home, health insurance and more.