Title Insurance Cost: What are the Costs of Title Insurance?

How Much Does Title Insurance Really Cost? 


While you might already know how important title insurance is, you might not know how much it costs. The answer: it varies, depending on the location, the type of property, and the specific title company you work with. 

In Florida, Title Insurance Costs Are Set at a Specific Rate

In Florida, residential and commercial title insurance costs are set at what's called a promulgated rate calculation; a specific, pre-determined rate, set by the state. Currently, Florida has set the rates at: 

  • Purchases less than or equal to $100,000: $5.75/$1,000 
  • Purchase prices more than $100,000: $5.00/$1,000

So, for example, title insurance on a $100,000 property would be $575, while title insurance on a $500,000 property would come out to $2500. 

Title Searches Are Also Required Before Getting Title Insurance 

Another cost that property buyers may not be counting in is the expense of getting a title search, which is always required before getting issued a title insurance policy. A title search may cost as little as $150 for a small residential property, but could easily cost up to $1500 for a more complex commercial property transaction. 

To learn more about how to save money on title insurance, fill out the form below and a title insurance expert will get in touch.