#home insurance florida
Who Has the Cheapest Homeowners Insurance in Florida?
ValuePenguin’s recently took a look at homeowners insurance rates in the most expensive state in the US, Florida. Florida’s homeowners insurance rates are notoriously high because of the sheer amount of coastal real estate and the fact that it’s hit by more hurricanes and tropical storms than any other state. Florida also isn’t any stranger to tornadoes. In our study we aimed to determine which counties in FL had the most expensive (and most affordable) homeowners insurance rates. The state average according to our research was $1,952 per year. Additionally, if you’re interested in figuring out which companies offer the best home insurance rates in your area of Florida you can search for rates using our quote tool.
Best Homeowners Insurance Companies in Florida
Cheapest Counties in Florida for Homeowners Insurance
At the center of Leon County is the home of the Florida State University Seminoles, Tallahassee. The county itself is home to almost 300,000 residents and fortunately for all of them, their homeowner’s insurance costs are the lowest in Florida! At $1,120 per year, Leon County is 50% cheaper than the state average.
The largest county on our Top 5 cheapest list, Duval and its county seat Jacksonville have the 2nd most affordable homeowners insurance premiums in The Sunshine State at $1,227 per year or just over $100 per month.
Bordered by 2nd place finisher Duval County to the north, Clay County has the 3rd cheapest homeowners insurance in the state. The majority of the residents in Clay County reside in both Middleburg or Orange Park. The 190,000+ citizens of the county pay $1,349 per year to insure their home, or 40% less than the FL average.
Home to Gainesville, FL and the University of Florida Gators, Alachua sits 75 miles SW of Jacksonville almost equidistant between the Atlantic and Gulf Coasts. Homeowners insurance rates in Alachua are some of the cheapest in the state at an average of $1,376 annually.
Just east of Gainesville you’ll find Putnam County. Home to almost 75,000 Floridians, Putnam’s largest city Palatka sits on the banks of the St. John’s River and only 20 miles or so from the shores of the Atlantic Ocean. Homeowners insurance premiums in Putnam County average an affordable $1,392 per year.
Most Expensive Counties in Florida for Homeowners Insurance
When looking at the five most expensive counties in Florida for homeowners insurance two things jumped out, and not surprisingly so. First, unlike our cheapest counties, the 5 most expensive parts of the state all had a significant amount of ocean front exposure leaving themselves more susceptible to high winds from hurricanes and tropical storms. Second, all five counties were located towards the southern half of the state.