National Flood Insurance Program (NFIP) flood insurance rates do not differ from company to company or agent to agent. All policy premiums include certain fees and surcharges, so ask your agent about these when discussing a price quote.
The amount you pay for your policy is calculated based on factors such as:
- Year of building construction
- Building occupancy
- Number of floors
- Location of its contents
- Flood risk (e.g., its flood zone)
- Location of the lowest floor in relation to the Base Flood Elevation on the flood map
- Deductible and amount of building and contents coverage
The NFIP’s Preferred Risk Policy (PRP) offers lower-cost protection for homes and apartments in areas of low to moderate flood risk. These areas of moderate or minimal flood hazards are shown as B, C, X on a Flood Insurance Rate Map (FIRM)., AR, and A99 zones on a FIRM designate areas behind a levee currently under construction or repair. Though the risk of flooding is higher in AR and A99 zones, Congress authorizes FEMA to provide the PRP to property owners in these areas in anticipation of the reduced risk of the levee project.
There is a congressionally-mandated surcharge added to all NFIP policies.