The Average Cost of Homeowners Insurance in Florida

Whether you own or rent your home, one of the essential things you must have is a homeowner’s insurance policy.  This will give you the protection you need against loss or damages to the structure, content, as well as liability to others from loss or damages you, your family member, or your pet may cause.  How much does it cost?  You will find out what the average cost of homeowners insurance in Florida is.

Factors that Influence the Average Cost of Homeowners Insurance in Florida

In computing for the cost of your homeowner insurance, it is important that you know those factors that influence its premium rate.  Here are the top factors:

  • What is the condition of your home?  New homes get better premium rates than older homes.
  • What is the quality of your home structure?  If the structure is of high quality materials that can more effectively withstand damage, you may enjoy a lower premium cost.
  • Where is your home located?  Your zip code may determine the cost of your insurance, as your insurer will evaluate the risks of your location.

Average Cost of Homeowners Insurance in Florida

Online Resources to Get the Homeowners Insurance Average Cost

The internet is where you can conveniently find the resources you need to get the average cost of homeowners insurance in FloridaFor instance, you can check out the official website of the insurance department of your state, or you may also use the consumer’s guide.

The insurance department regularly conducts a survey of insurance companies in the state it represents.  This survey includes essential data such as the cost of homeowners insurance.  The insurance department then uploads this information on their official website as a guide for consumers, thus allowing them to compare offers and premium rates.

You can also look for discounts that can lower the premium of your homeowner insurance policy.  For instance, if you have installed safety devices or gadgets in your home, this allows the insurance company to lower your premium due to lower risks.

Average Cost of Homeowners Insurance

As of 2012, the average cost of homeowners insurance ranges from $400 to $1000 yearly premium of rates.  The top three states with $1000+ premium rate are the following:  1. Oklahoma, 2. Louisiana, and 3. Florida, while the top three with the cheapest premium are the following: 1. Idaho, 2. Utah, and 3. Oregon.

You must note, however, that these figures are just the average cost of homeowners insurance in Florida.  The actual cost can either be lower or higher depending on the factors mentioned earlier, the type and coverage of your home insurance, as well as your choice of insurance provider.



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