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Homeowners Insurance in Riverview, FL: Costs, Companies, More

By Jarrod Heil

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As one of the largest cities in Florida by population, Riverview doesn’t have the typical big-city vibes as its counterparts in the likes of South Florida. Nestled to the east of Tampa, St. Petersburg and Bradenton and surrounded by nature preserves and water, Riverview is a bigger city that’s home to small-town living for many.

With a population approaching 80,000 and growing, those living in the city enjoy nearby professional sports, tons of outdoor activities and, arguably the most important, reduced housing prices than their neighbors in Tampa and St. Pete.

Lower real estate costs come with many perks, including a reduced cost of home insurance in Riverview, Florida. So let’s take a look at average costs, where to find the best agency and so much more that you need to know if you own a house in this incredible city.

Average Cost of Homeowners Insurance in Riverview, Florida

Due to its proximity to Tampa and location in Hillsborough County, the average cost of homeowners insurance in Riverview, Florida is $2,183 per year for a $150,000 house. When compared to Florida’s average of $2,043 for a similar home, that’s not too bad.

But average prices are just that — averages. A lot goes into the pricing of policies, including your coverage amounts, deductibles and which insurance company you choose. We’ll be focusing on the latter aspect in the next few sections.

Average Homeowners Insurance Cost in Riverview for a $150,000 House


ASI$2,323
Citizens$1,610
FedNat$2,305
Florida Penn$2,248
Liberty Mutual$2,066
People’s Trust$2,382
State Farm$2,716
UPCIC$1,814
Average$$2,183

When accounting for the average cost of home insurance premiums, there’s a lot more that goes into pricing than just the aforementioned factors. In Florida, the biggest determinant is whether or not your house has features in place to mitigate wind damage.

In 2001, the state’s building codes changed. Legislation was put in place to ensure home builders were properly accounting for hurricane and tropical storm winds and building homes that could withstand both. Of course, the legislation didn’t have any mention requiring homeowners living in pre-2001 construction houses to enact these changes.

But it did require insurers to offer steep discounts to homeowners who willingly went out and made these changes. After all, making these changes protects houses better against high winds. So let’s break down the numbers even further.

☘ $150,000 Value – Pre-2001 Construction w/ Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for maximum wind mitigation features.

☘ $150,000 Value – Pre-2001 Construction w/ No Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for no wind mitigation features.

☘ $150,000 Value – 2001-Present Construction: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past three years, and minimum premium discounts for limited wind mitigation features and no hip roof.

*Wind Mitigation: A wind mitigation is any protection on your home that helps decrease the damage caused by strong winds like a hurricane. This can include certain roof attachments and coverings, extra water-resistant seals and impact-resistant doors and windows. Wind mitigations typically result in deep discounts on your home insurance premiums, so you’ll want to get one.

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$150,000 Value Pre-2001 Construction
W/ Wind Mitigation

$2,068
$1,300
$1,845
$2,184
$1,763
$1,826
$2,564
$1,488
$1,887

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$3,180
$2,139
$3,136
$2,772
$2,615
$3,623
$3,387
$2,552
$2,826

$150,000 Value 2001-Present Construction

$1,722
$1,390
$1,934
$1,787
$1,821
$1,698
$2,198
$1,401
$1,744

*Insurers are required to send in their average annual homeowners insurance premiums once per year to the Florida Office of Insurance Regulation, so the rates shown above are the average rates you can expect in Riverview.

It’s Time to Switch Your Homeowners Insurance

We partner with Riverview’s top homeowners insurance companies so you can get a custom policy at an affordable price.

As you can see, homeowners living in post-2001 construction homes and those living in pre-2001 construction homes with wind mitigation features in effect enjoy premium prices well below the city and state average.

Those in the first category average $1,744 per year — and as low as $1,390 and $1,401 per year with Citizens and Universal Property & Casualty Insurance Company. The latter category of homeowners average $1,887 per year and as low as $1,300 and $1,488 with the same two companies previously mentioned.

But averages account for all the premiums of said company. So, if you meet coverage criteria and have a solid insurance score, there’s a chance you could pay $1,000 per year or less for your coverage.

However, good news is often always associated with some form of less-than-stellar news. In this case, the drawbacks come in the form of steadily rising real estate costs. While we’ve outlined premium prices for $150,000 houses in Riverview, it may be tough to come by a house for that price anymore. That’s why we’ve broken down the numbers for $300,000 homes.

Average Homeowners Insurance Cost in Riverview for a $300,000 House


ASI$4,647
Citizens$3,219
FedNat$4,610
Florida Penn$4,495
Liberty Mutual$4,133
People’s Trust$4,764
State Farm$5,432
UPCIC$3,627
Average$4,366

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$300,000 Value Pre-2001 Construction
W/ Wind Mitigation

$4,136
$2,600
$3,690
$4,368
$3,526
$3,652
$5,128
$2,976
$3,775

$300,000 Value Pre-2001 Construction
No Wind Mitigation

$6,360
$4,278
$6,272
$5,544
$5,230
$7,246
$6,774
$5,104
$5,652

$300,000 Value 2001-Present Construction

$3,444
$2,780
$3,867
$3,574
$3,642
$3,395
$4,395
$2,801
$3,500

The Best Riverview Home Insurance Agency

If you’re looking for the best Riverview home insurance agency, you’ve already found them! At Clovered, we partner with the city’s top insurers to ensure you always get the best policy at the best prices. Whether you want a policy from Citizens, Universal Property & Casualty Insurance Company, FedNat, Florida Penn, People’s Trust or an array of others, look no further than Clovered.

Simply enter a few details about your home into our online quoting engine and then we’ll run some risk data in the background, determine how much coverage you need and then provide a policy that fits your needs and your budget.

What’s even better is that it only takes a few minutes to complete a quote, and you can do it from the comfort of your own home — or on your cell phone. If you want to speak to a real person, we’ve got that too.

Clovered is located at the intersection of technology and real people, so we have a team of sales and service agents ready to answer any questions you may have about the process — or simply to provide comfort in the fact that you’re making a big purchase and assure that this is the right decision.

It’s Time to Switch Your Homeowners Insurance

We partner with Riverview’s top homeowners insurance companies so you can get a custom policy at an affordable price.

What Does Homeowners Insurance in Riverview, Florida Cover?

From unexpected perils involving mother nature like hurricanes and tornadoes to mostly human-caused perils like fires, burglary and water damage, your homeowners insurance in Riverview, Florida covers your house and personal belongings while giving you the utmost peace of mind.

Stay Above Water With Flood Insurance

Do you want to pay for costly and common flood damage yourself or have an insurance policy pick up the tab?

Dwelling: Covers your home’s structure and the things that help create it, including the fireplace, windows, doors and flooring.

Other Structures: Covers structures on your property not attached to your house, such as a fence, detached garage, carport or shed.

Personal Property: Covers the personal belongings you keep inside or on your property, such as a TV, electronics, lawnmower and clothes.

Loss of Use: Reimburses you for additional living expenses if you’re forced to move from your home while it’s being rebuilt or repaired.

Liability: Helps to pay for injuries or other property damages that the policyholder is found liable for, such as a broken bone and legal fees.

Medical Payments: Utilized to pay for small medical bills if someone was injured on your property, whether you’re at fault or not.

Need to Knows About Flood Insurance in Riverview, Florida

One of the most common misconceptions about flooding is that you’re covered if you have a home insurance policy. Unfortunately, that’s not the case. Home insurance only provides protection for certain instances of water damage, but flooding isn’t included on that list.

To be covered for floods, you need to have a separate flood insurance policy in place. The good thing is that getting flood insurance is quick, easy and costs just a fraction of the price of homeowners insurance.

Since much of Riverview is located in some form of FEMA-designated flood zone, meaning there’s a high chance of experiencing flood damage at least once during the life of a 30-year mortgage, nearly every resident in the city needs it and everyone should have it.

While flood insurance isn’t required by law, there’s a good chance your mortgage lender will require you to keep sufficient flood insurance at all times while you still owe money on your home.

Considering just 1 inch of floodwater can cause up to $25,000 worth of damage and a policy may only cost you $300 to $600 per year, that’s a small price to pay for protection and peace of mind.

How to Find the Best Prices for Home Insurance in Riverview, Florida

As we mentioned earlier, we’re one of the top home insurance agencies in Riverview and we partner with the city’s and state’s top insurers so we can provide everyone a sufficient policy at an affordable price.

Simply enter a few details about your home in our online quoting engine and we’ll do the rest to get you a policy in just a few minutes. You can also reach one of our licensed agents or service members Monday through Friday from 8:30 a.m. to 6 p.m by calling 833-255-4117 or email them anytime at agent@clovered.com.

It’s Time to Switch Your Homeowners Insurance

We partner with Riverview’s top homeowners insurance companies so you can get a custom policy at an affordable price.