Finding a great homeowners insurance company here in Florida can be quite a difficult task. Did you know that only a few companies will provide coverage here due to hurricane risks? Here at insurancequote.deals, you will find out which cities provide affordable insurance rates, where you will find expensive rates, frequently asked questions, and how to collect Florida homeowners insurance quotes online. That way there will be no surprises when shopping for a policy.
What is the average cost of homeowners insurance in Florida?
Florida is one of the most expensive states for homeowners coverage. The state average for a policy here is an estimated $3,500. Home insurance rates here are $2,000 more than the national average. Once you decide to purchase a policy, you will need to have an idea of the coverage amounts you want for dwelling, deductible, liability, and medical payments coverage. You will be able to choose your dwelling amount. Be sure to decide on a limit that will be covering the costs of replacing or repairing your home. You may need to hire an appraiser for this task.
As for liability insurance, this coverage will apply to incidents where you are at fault. This coverage will kick in if someone is injured in your home or on your property.
Medical payments coverage will pay for injuries sustained to guests in your home, it will be applied no matter who is considered to be at fault. This is considered for minor injuries.
When deciding on the limits of your coverage, these will usually be a set percentage of your dwelling coverage: other structures, personal property, and loss of use coverage.
Your deductible will be the price you pay before any insurance coverage starts paying. For example, let’s say your home sustained $2,500 in damages. Your Florida homeowners insurance policy has a deductible of $500. In order for your insurance to cover the costs, you will need to first pay the $500 out of pocket. Typically you will find deductibles in amounts of $500, $1,000, 1,500, 2,000, and 2,500.
Which Florida cities provide the best rates?
Where can you find affordable homeowners insurance in Florida? Studies have shown that the counties with the best homeowners rates are in the northern half of FL. This is due to city locations being away from the coast. Another factor is the lack of storm damages that reach the northern section of the state. Northern Florida receives fewer storm damages than the rest of the state.
Where are the most expensive rates in Florida? All collected quotes show that the Florida counties with the most expensive coverage rates all have something in common. All these counties have heavy exposure to the ocean. Living along the coast makes homes more vulnerable to high winds from hurricanes and tropical storms.
FL Home Insurance Discounts
Remember that a cheaper policy is not always better. Paying premiums on a policy with terrible customer services and claim processing is the worst. If you are looking to save, see if you are eligible for Florida home insurance discounts. With these discounts, you can save even more. Here are a few ways you can receive discounts on your policy:
- Bundle policies with the same company. This can save you up to 15 percent.
- Make your home disaster resistant. This may include the installation of hurricane glass or storm shutters.
- Install smoke detectors, burglar alarms, and deadbolt locks.
- Install a sprinkler system.
- Loyalty discounts.
FAQ Florida Homeowners Insurance
Why does my policy have two deductibles?
A Florida homeowners insurance policy will have two separate deductibles. One of these deductibles will cover for hurricanes and other perils. The amount of your hurricane deductible can be found on your declarations page. A hurricane deductible will apply once a hurricane watch/warning is issued for the state.
Will my homeowners cover me against floods?
Never assume that your homeowners coverage will be able to pick up the costs of flooding. Your policy will not cover you against floods. You will need to purchase a separate policy.
How do I collect Florida homeowners insurance quotes?
To get started, you will need to collect Florida homeowners insurance quotes. Follow these steps below to grab a quote. You can also receive the quotes you need easily here at insurancequote.deals.
To get a Florida home insurance quote, you will need to provide some information. This includes your birthday and social security number along with the address of the home you wish to insure.
Additionally, you may need to notify the insurer of any current renovations or repairs completed to your home.
You will also need to provide information regarding your homes current condition along with its amenities. For example, how old is plumbing or your electrical wiring?
Once you provide the information above to your insurance company, you will able to receive your quote.
Florida’s Homeowners Rates
Jacksonville is Florida’s largest city. According to collected home insurance quotes in Florida, rates will be an estimated $1,238. However, this will vary if you collect and compare the quotes you receive.
Miami is the fourth largest urban area in the US. Miami’s has some of the most expensive insurance rates in the country. The price you will pay for coverage is $4,354. Remember collecting homeowners insurance quotes in Florida can give you an idea of rates.
Tampa experiences extreme lightning each summer. This is a risk to keep in mind when you are determining how much coverage you will need. Homeowners insurance for you in this city will cost $2,369.
St. Petersburg is the second largest city in the Tampa Bay Area. This city boasts an average of 361 sunny filled days each year. Sunny weather is a low risk factor for homeowners insurance. However you need to factor in other risks, such as hurricanes and flooding. Home insurance quotes in Florida tell us coverage will cost you around $2,425.
Orlando is nicknamed “The City Beautiful”. The average rate here is more when compared to other cities. The city of Orlando is made up of wetlands. There are tons of lakes and mushy swamps. There are many natural disasters in Orlando such as floods, hurricanes, and sinkholes. Risks will determine your rates when it comes to coverage. Florida homeowners will spend an average of $1,536.
Hialeah is the sixth largest city in the state of Florida. Flooding and nasty hurricanes are a major risk factor here. You can still find great rates though. Florida home insurance quotes estimate your insurance to be $4,354.
Tallahassee is the capital of Florida and is one of the hottest cities during the summer. The temperature here can reach triple-digits. Heat can cause major damage to your home! For example, excessive heat will cause damages such as foundation, roof, and floor damage. A homeowners insurance Florida quote shows an average price of $1,131.
Fort Lauderdale is 28 miles north of Miami. It is essential to protect your home from flooding here. Temperature is also another factor to consider. Home insurance quotes in Floridaare the best way to determine your costs. The costs on average are $3,359.
Port St. Lucie
St. Lucie has miles of beaches. This city’s climate has an average temperature range of 63 to 83 degrees. Policies here for your home will cost you an average of $3,089.