Homeowners Insurance in Clermont, Florida

Just west of Orlando, Clermont has been one of central Florida’s fastest-growing cities since 2000. The rolling hills and peaceful lakes make for pleasant scenery. 

Homeowners should preserve and protect their slice of life in Clermont with the right homeowners insurance. Unfortunately, getting appropriate coverage is sometimes easier said than done.

Whether buying home insurance for the first time or switching to save money, we want to outline all the information you should know to find the best homeowners insurance in Clermont.

The average cost of homeowners insurance in Clermont is about $2,757 annually on a $150,000 house,  $4,986 on a $300,000 house, and $7,158 on a $450,000 house.

While Florida has some of the highest home insurance rates in the nation, Clermont premiums come in about 20% below the state average. These relatively affordable rates are largely due to the city’s inland location that shields it from much of the potentially destructive hurricanes that threaten the coastline and drive up premiums in towns on the Atlantic and Gulf.

For further analysis, we analyzed rates from every carrier that filed rating information with Florida’s insurance governing body, depicting seven major carriers in the Clermont area below. Their average rates are organized by home value.

Rates vary by carrier because companies have slightly different ways of underwriting. Underwriting is a company’s method of risk analysis. When offering coverage, providers weigh many factors about you and your property to determine your risk levels. Their procedures determine different premiums.

Companies look at several factors to calculate rates, with one of the most important being your home’s value. Home value is a common basis for policy calculations since it indicates how much coverage you’ll need.

Perhaps unsurprisingly, larger, nicer homes need more insurance coverage. The more coverage you buy, the more you pay for it. Larger houses need more insurance because of their higher replacement costs, which is the amount necessary to rebuild your property after damage based on materials and labor.

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the most recent rate filings from the state’s largest insurers and can be utilized as an average of what Floridians can expect to pay for homeowners insurance each year. The example premiums are based on a policy for a Florida masonry home with a $500 non-hurricane deductible, a 2% hurricane deductible and no claims in the past three years.

Your home’s age and wind mitigation features are two more critical variables in Clermont. We break down the effects of these two factors for houses at every price level, starting with $150,000 homes below. You’ll notice that wind mitigation decreases premiums substantially on older houses while newly constructed homes had the lowest rates, on average. 

Wind mitigation features are so impactful in Florida because of the annual hurricane and tropical storm threat statewide. Wind mitigation reduces the chances your property suffers damage from their high winds.

In Clermont, wind mitigation lowered home insurance costs on $150,000 older homes by 43%, amounting to savings of over $1,700 annually.

These trends continue on $300,000 homes, pictured below.

Older homes tend to have higher premiums than newer homes for a few reasons. Older systems and features, like roofs, pipes, siding, and wiring, are more likely to fail and cause property damage, whether from a major storm or plain old wear and tear.

Older homes are also constructed to dated regulations that no longer satisfy modern building codes, making them innately more prone to damage as they weren’t constructed with current hurricane and safety regulations in mind.

The final table shows average home insurance rates in Clermont on $450,000 houses, the most costly category of homes we analyze.

State Farm and Citizens tended to have the cheapest homeowners insurance in Clermont. These companies had premiums that came in thousands lower than competitors at times, but you should wait until you get quotes to see exact price differences.

Rates vary due to many factors, and you can experience diverse premiums based on your location, home characteristics, and much more. Every policyholder is different. 

Before undertaking your insurance search, you should know Citizens differs from the other carriers on our list. Citizens is a non-profit backed by the Florida state government. While their premiums are artificially lowered to provide an option for residents who can’t find coverage in the private market, their policies are less flexible, and their operations are in flux. 

Due to unforeseen difficulties in the Florida market, too many people have turned to Citizens in recent years, and the state is trying to shrink its number of policyholders. The company is offloading customers onto private carriers that can take them on. Try to keep Citizens as a backup option rather than a primary choice, if possible.

Your Clermont home insurance policy contains coverages for your property and liability generally divided into six sections as follows:

Your plan should contain these coverages regardless of which company provides the policy, as long as you choose an HO3 policy. The HO3 policy form is the most common type of homeowners insurance.

The best homeowners insurance in Clermont protects your property, possessions, and liability at an affordable rate. What this protection looks like will vary by person, so you need to understand your coverage needs and adjust your policy accordingly to suit your plan to your situation. You should also take some steps to save money.

You’re responsible for setting your policy limits when getting home insurance quotes. Changing your limits will change the cost of your plan, but you want to make sure that you’re policy covers you completely. 

We suggest you create a home inventory to list all your belongings and document their prices. The grand total is the precise amount of personal property coverage you need. You should also adjust your liability limits to cover your financial assets fully.

Insurers require at least $100,000 in liability coverage, but we recommend limits of $300,000 to $500,000 for most people. Raising your liability limits is relatively cheap compared to other areas of your policy, and you can go up to $1 million in coverage if needed.

You may also want to think about adding endorsements to your policy to fill possible coverage gaps. An endorsement is additional protection for areas or risks not included by default. You can get endorsements for high-value jewelry or art, water backup, and inflation protection, to name a few examples.

Once you have your coverage needs satisfied, you can take some steps to save money. The best ways to save money on home insurance in Clermont are:

Discounts vary by company. You can qualify for discounts based on your home’s features, occupation status, organization membership, and more. Always ask about discounts that can apply to you when quoting.

You can also raise your policy’s deductible. Your deductible is the amount you must pay out of pocket after damage before your insurer picks up the rest of the tab. Common deductibles range from $500 to $2,000; choosing one on the higher end of the scale can lower your premiums. A higher deductible reduces the odds and amount the insurance company has to pay.

The most proven way to save money on insurance is by shopping around. By comparing rates from multiple carriers, you’ll see who has the coverage you need at the best price for you.

While conducting your insurance search, you may notice that no policy covers flooding. This is crucial to recognize. Flood damage is always excluded from homeowners insurance.

Floods are the country’s most common and costly natural disaster, so home insurers can’t afford to account for them in their policies. The largest flood insurance provider is the federal government through the National Flood Insurance Program (NFIP). The NFIP has been offering subsidized flood insurance since the 1960s.

Clermont homes, especially those close to lakes and bodies of water, are prone to flash flooding. Also, hurricanes and tropical storms can carry heavy rainfall across the state and dump it into central Florida, as evidenced by Hurricane Ian in 2022.

No property in Florida is totally safe from flooding. Clermont encourages residents to look into flood insurance, as do we, to fully protect your home and belongings.

Factors that increase the likelihood of a claim raise rates. Insurance companies examine many variables about you and your home to determine appropriate premiums, and properties more prone to claims have higher rates.

Factors that contribute to Clermont home insurance rates include:

Older houses tend to have higher premiums due to their outdated construction and components that compromise building integrity and have greater chances of failure or damage. Home features like high-end fixtures increase replacement costs. Attractive nuisances (such as trampolines and pools) also raise rates.

Having higher coverage limits and opting for endorsements will also increase your premiums. Alternatively, qualifying for discounts and raising your deductible will lower your rates.

You’ll also pay more for insurance if you or your property has a history of home insurance claims. An individual or house that experiences many claims represents a greater financial risk for the insurer. As a result, they’ll charge you more money.

Homeowners insurance isn’t required in Clermont by law. However, insurance can be required by mortgage lenders.

Lenders often put hundreds of thousands of dollars down to help you purchase your home. Leaving such large investments unprotected would be unwise on their part. So, they require borrowers to maintain home insurance. If the house gets damaged or destroyed, the lender can recoup its money from the insurance policy payout.

If you pay off your mortgage or buy your home with cash, no one will require you to keep a policy, although we don’t recommend dropping your coverage ever.

Protect what matters most with the right policy. Getting multiple homeowners insurance quotes in Clermont is the best way to find the coverage you need at the price you want.

Check your options online using our proprietary quoting tool. You just need some basic information about yourself and your property, and you can see company rates in minutes.

As an independent insurance agency, we want to help as much as possible. If you want to quote over the phone, don’t hesitate to reach out to our licensed agents at 833-255-4117 during business hours. You can also email us at [email protected].

Our Clovered team is based in South Florida, so we’re very familiar with the difficulties of finding coverage in the state. Let us help you with your homeowners insurance quotes in Clermont today.