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

How Much Does Title Insurance Really Cost? 

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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. 


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