How Much Is Flood Insurance?


5 min read ยท Oct 25, 2021

Flood insurance is a vital part of any homeowner’s insurance policy. It can help protect your home and belongings in floods. However, many people don’t know how much flood insurance costs or whether they even need it. This blog post will discuss how much flood insurance costs and what factors can affect the price. We will also provide some tips on how to get the best deal on flood insurance.

The cost of flood insurance varies depending on several factors, such as the location of your home, the age and condition of your home, and the amount of coverage you need. Typically, flood insurance policies will cover damage to your home and belongings up to a limit based on your policy. However, you can purchase additional coverage if you feel you need it.

The best way to estimate how much flood insurance will cost is to speak with a Neptune Flood agent. We will be able to assess your individual needs and give you a quote based on those needs.

5 Factors Influencing the Cost of Your Flood Insurance

There are a few key factors that will affect the total cost of your flood insurance which include:

1. The Location of Your Home

If you live in an area prone to flooding, you will likely pay more for flood insurance than someone who lives in an area with a lower risk of flooding. This is because your home is at a higher risk of being damaged by a flood, and the insurance company will charge you more to cover that risk. Luckily, Neptune Flood rates are affordable even to those living in flood-prone areas.

2. The Age and Condition of Your Home

Older homes or those in poor condition are more likely to be damaged by a flood than newer or well-maintained homes. As such, you will likely pay more for flood insurance if your home is older or needs repairs.

3. Personal Preference

The amount of coverage you need is a personal preference. Some people feel comfortable with a lower level of coverage, while others want the peace of mind that comes with a higher level of coverage. The amount of coverage you choose will affect the cost of your flood insurance. At Neptune Flood, we offer flexible coverage options to select the right coverage amount for you.

4. Your Deductible

A higher deductible will usually mean lower premiums, while a lower deductible will mean higher premiums. Your deductible is the amount of money you will have to pay out-of-pocket in the event of a claim. Thus, it would be best to choose a deductible that you are comfortable with and that fits your budget. At Neptune Flood, we understand that everyone’s financial capacity is different. So, we offer flexible deductible ranges that you can select to suit your budget and comfort level.

5. The Value of Your Home

Finally, the value of your home will also affect the cost of your flood insurance. If your home is worth more, you will likely pay more for flood insurance than someone with a home of a lower value.

3 Tips to Get the Best Deal on Flood Insurance

There are a few things you can do to help lower the cost of your flood insurance policy:

1. Choose a Flood Insurance Company with the Best Rate

Neptune Flood offers some of the most competitive rates in the industry. We can offer these rates because we are an insurance company that specializes in flood insurance. We understand the risks and have the experience to provide you with the best coverage at the most affordable price.

2. Raise the Deductible on Your Policy

The deductible is the amount you will have to pay out-of-pocket before your insurance company pays for damages. By raising your deductible, you can lower your overall premium. Just choose a deductible you can afford to pay without breaking the bank. Fortunately, the Neptune team of experts can advise you on the best policy to suit your budget.

3. Review Your Policy Each Year

Lastly, your policy needs to be updated regularly. Your needs may change from year to year, so it’s essential to review your policy annually. You may find that you no longer need specific coverage or that you can get a better rate with another policy. Neptune Flood offers a free annual review of your policy to ensure that you get the best coverage at the best price.

Why You Need to Take Flood Insurance Cover

Some people see the cost of flood insurance and tend to shy away from getting insured. Nevertheless, this costly mistake could leave you financially ruined in a flood.

A study found that just one inch of water in your home can cost upwards of $25,000 in damages. And if a flood destroys your home, you could be looking at a bill for tens of thousands of dollars.

Fortunately, flood insurance can help protect you from financial ruin. Neptune Flood will cover the cost of repairing or replacing your home and personal belongings if they are damaged or destroyed by a flood up to your coverages chosen in your policy.

If you have a mortgage on your home, your lender will likely require you to have flood insurance. Even if you don’t have a mortgage, it’s still a good idea to get covered.

The bottom line is that flood insurance is an integral part of protecting your home and finances. And at Neptune Flood, we offer some of the most affordable rates in the industry.

Why Choose Neptune Flood Insurance

If you’re looking for flood insurance, Neptune Flood is an excellent option for the following reasons:

1. Enjoy Affordable and Comprehensive Coverage

The cost of flood insurance should never hinder preventing you from having your property insured. At Neptune Flood, we offer affordable rates and comprehensive coverage. This means that you can get the protection you need without breaking the bank.

2. Take Advantage of Flexible Deductibles

Neptune Flood offers flexible deductibles to choose the amount that best fits your budget. We understand that floods can be a devastating experience. That’s why we’re here to help. Neptune Flood offers the protection you need at a price you can afford.

3. Get Insured Quickly and Easily

Neptune Flood makes it easy to get insured. We understand that you don’t have time to waste protecting your home from floods. That’s why we offer a quick and easy online application process. Neptune Flood has a 10-day waiting period for new policies, and no waiting period on real estate closing or rollovers.

4. Neptune Is There for You When Floods Happen

In the event of a flood, Neptune will be there to help you every step of the way. We will assign an adjuster to assess the damage and begin the claims process. Neptune is committed to helping you recover from a flood as quickly and smoothly as possible.

5. Neptune Is Reliable and Reputable

Finally, Neptune is a reliable and reputable company that you can trust. We have been in business since 2016 and have protected over 120,000 homeowners from floods. Neptune is an insurance company that you can count on.


If you are looking for an affordable, reliable, and reputable flood insurance company, Neptune is the right choice. We offer comprehensive coverage at a price you can afford. Contact Neptune Flood today to get started and find a shoulder to lean on when disaster strike. Neptune Flood can help you stay financially afloat after flooding and easily transition to a new life without worrying about where to get extra money.