If you’re buying or refinancing real estate, understanding Florida title insurance rates is essential. Many buyers search for how much does title insurance cost in Florida or who pays for title insurance in Florida — and the answers aren’t always clear.
Florida is unique because title insurance rates are promulgated, meaning they are regulated by the state and standardized across all title companies. Below, we break down title insurance cost in Florida, how rates are calculated, and who typically pays at closing.
How Florida Title Insurance Rates Work
Florida uses promulgated title insurance rates, which means the cost of title insurance is the same whether you are buying property in Miami, Kendall, Sarasota, Broward County, Palm Beach County, or St. Augustine.
Because rates are set by the state:
- Title insurance rates in Florida do not vary by title company
- All licensed insurers must follow the same pricing structure
- Rates are based on the purchase price or loan amount
This applies to both owner’s title insurance in Florida and lender’s title insurance Florida cost.
How Much Does Title Insurance Cost in Florida?
One of the most common questions buyers ask is how much is title insurance in Florida? The answer depends on the property value and whether you are purchasing an owner’s policy, a lender’s policy, or both.
Florida title insurance cost is calculated using a tiered rate schedule:
- First $100,000: $5.75 per $1,000
- $100,000 to $1,000,000: $5.00 per $1,000
- $1,000,000 to $5,000,000: $2.50 per $1,000
Example: For a $300,000 purchase price:
- $100,000 × $5.75 = $575
- $200,000 × $5.00 = $1,000
Total owner’s title insurance cost in Florida: $1,575
When a lender’s policy is issued at the same time, Florida allows a simultaneous issue discount, meaning the lender’s title insurance is often issued for a nominal fee.
Who Pays for Title Insurance in Florida?
Another highly searched question is who pays title insurance in Florida — buyer or seller?
Florida law does not mandate who pays for title insurance. Instead, payment responsibility is based on county custom
or negotiated in the purchase contract.
Common practices include:
- Sellers often pay in Miami-Dade, Broward, and Palm Beach counties
- Buyers may pay in other counties or when negotiated
- Lender’s title insurance is typically paid by the buyer
Because this varies, searches like who pays for title insurance in Florida and who pays owner’s title insurance in Florida are extremely common. Always confirm responsibility in your contract.
Calculate Your Florida Title Insurance Cost
Want to know exactly how much title insurance costs in Florida for your home or loan amount? Use our Florida title insurance calculator or request a personalized quote today.
Frequently Asked Questions About Title Insurance in Florida
How long does title insurance last in Florida?
An owner’s title insurance policy lasts for as long as you or your heirs own the property. A lender’s title insurance policy lasts only until the mortgage is paid off or refinanced.
Can title insurance be transferred in Florida?
Owner’s title insurance is not transferable to a new buyer. However, a reissue or refinance discount may apply if a prior policy was issued recently. This is why searches like is title insurance transferable are common.
Is owner’s title insurance required in Florida?
Owner’s title insurance is optional but strongly recommended. Lenders require lender’s title insurance, but an owner’s policy protects your equity and ownership rights long after closing.
