The Price of a Title Insurance Policy in Florida

What is the Price of a Title Insurance Policy in Florida?

Oct 14 2020

Every single one of our clients asks us, “What is the price of a title insurance policy in Florida?” The answer is always the same: it depends. The price of a title insurance policy in Florida is determined based on the purchase price of the subject property. Read on to learn what you need to know about purchasing title insurance in the State of Florida as well as why you should hire Marina Title to help you close on your new home.

The Price of a Title Insurance Policy in Florida

Although the price of a title insurance policy in Florida can vary significantly depending on the property you intend to buy, Florida regulates the price to ensure it is always reasonable and practically the same no matter from which title company you purchase it. The state determines the price of title insurance as follows:

  • For properties with prices up to $100,000, the price of title insurance is $5.75 for every thousand dollars.
  • For properties with prices over $100,000, the price of title insurance is $5.00 for every thousand dollars.

As you can see, an owner’s title insurance policy can cost you between 2% and 5% of the purchase price of the home you intend to buy. Whether you think this is reasonable or not, you need to keep in mind that, unlike other types of insurance, you only need to purchase title insurance once. In other words, you do not need to pay for title insurance annually. In addition, if you are planning to obtain a loan to buy your new home, you can finance title insurance into your loan.

Even though Florida regulates the price of title insurance policies, you can negotiate the price of your policy with your title company. In addition, Florida has a law known as the Butler Rebate, which lets your title company rebate a portion of the title insurance fee to you. In other words, Florida title companies can offer their clients a competitive price. Obtaining the Butler Rebate is relatively easy as long as the company you choose is okay with it – all you need to do is ask for the rebate (if your title company does not expressly offer it). Your title company has the right the refuse, of course. However, you have the right to choose a different title company.

Are You Considering Buying a Home in Florida? Work with Marina Title

At Marina Title, we strive to exceed our customers’ expectations. Why? Two reasons: 1) because we simply love to do so, and 2) because we simply love to do so. Our mission is to always work as hard as humanly possible to guarantee stress-free, memorable, and transparent real estate closings so the homebuyers we work with can get the keys to their new homes as quickly as possible – without rushing it, of course. Our experienced title professionals and real estate closing attorneys are always here to answer any questions you may have about the home-buying process or title insurance so that you always know what is happening and why.

But there is more…

We work not only with buyers and sellers but also with realtors. We offer many benefits for real estate agents who hire us to help them help their clients close on the home of their dreams. Marina Title has been helping real estate buyers, sellers, and agents for years. Our trained real estate attorneys bring knowledge, skill, and experience to the table.

To learn more about Marina Title, call us today at (305) 901-5628 or email us at

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