Home Insurance in Florence, Alabama
With a median home value of $196,300, Florence is close to the Lauderdale County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Florence was built around 1973. About 28% of homes were built before 1960, about 9 points above Lauderdale County's 19%.
Housing in Florence breaks down to 66% single-family homes, 23% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Florence, about 51% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Florence has an owner-occupancy rate of 52% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
Most homes in Florence - 68% - are primarily heated with electricity.
Lauderdale County's top FEMA-rated hazard is strong wind (Relatively High), per FEMA's National Risk Index. Lauderdale County had 136 active NFIP flood policies as of September 2026. See the full Lauderdale County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Alabama is $1,906 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $196,300 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Lauderdale County | 136 |
| Home insurance premium | $1,906 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)