Robert,

While many companies can offer competitive rates on standard home insurance, flood insurance rates are standard and set by the Federal Emergency Management Agency (FEMA). These rates are calculated using criteria such as the type of flood zone (preferred or not preferred?) you live in and the structure of your home (stick built? Crawlspace or slab?). While you may purchase flood insurance from any home insurance company, all companies will utilize FEMA’s National Flood Insurance Program to “underwrite” your policy. This is why the rates will always be the same from one company to the next. If this rate seems to be higher than what you expected or are able to pay, make sure to speak with your home insurance agent about saving more money on your standard home insurance policy to offset the cost.  See some of our home insurance savings tips.

Thanks,

Your Agent@HomeInsurance.com