 TITLE: What Does Flood Insurance Cover? CONTENT: How Much Does Flood Insurance Cost?\n-----------------------------------\nLike premiums for homeowners insurance, flood insurance premiums vary based on a handful of factors that may be out of your control. Some of those factors include whether you live in a flood zone, the elevation of your property, and the type and amount of coverage you need.\nThere's no set price, but policies on average tend to cost around $700 a year. To get quotes or purchase flood insurance, you can contact the company where you get your home or auto insurance, or you search through the National Flood Insurance Program (NFIP). END