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Homeowners Insurance in Spring Hill, Florida: Companies & More

By John Miceli

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Spring Hill is a relatively new community, but it’s one of the fastest-growing in the state. You get the perks of being close to the beach, the Gulf of Mexico, and a big city, Tampa, with more green space and fewer crowds than many coastal cities.

There’s a lot of natural beauty in and around Spring Hill. It all comes at a bit of a price; home insurance in Spring Hill is expensive due to the increased likelihood of natural disasters like floods and hurricanes

Let’s find out what else factors into homeowners insurance in Spring Hill, Florida and how big of a hit the rates of some insurance companies in Spring Hill will take on your wallet.

Average Cost of Homeowners Insurance in Spring Hill, Florida

Based on numbers from the Florida Office of Insurance Regulation, the average cost of home insurance in Spring Hill is $3,359 per year for a $150,000 house. The state of Florida tends to have some of the most expensive homeowners insurance in the country due to the high possibility of weather-related perils.

The state average premium is $2,043 per year. While Spring Hill comes in above this average, once we take a closer look at the numbers you’ll see it might not be as bad as it seems. Let’s examine what some homeowners insurance companies in Spring Hill charge for $150,000 worth of coverage:

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


ASI$2,814
Citizens$2,348
FedNat$1,259
Florida Penn$2,353
Liberty Mutual$2,445
People’s Trust$2,206
State Farm$11,901
UPCIC$1,544
Average$3,359

As you can see, State Farm is a noticeable outlier that’s skewing the average. If you remove them from the chart, the average rate of home insurance in Spring Hill comes out to $2,143 every year for a $150,000 home. This is much more affordable and just above the state average. But what happens if we 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

$2,688
$1,949
$1,012
$2,068
$2,060
$1,793
$11,990
$1,086
$3,081

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

$3,448
$3,019
$1,709
$3,239
$3,189
$3,223
$13,456
$2,463
$4,218

$150,000 Value 2001-Present Construction

$2,306
$2,075
$1,055
$1,753
$2,086
$1,603
$10,257
$1,082
$2,777

*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 Spring Hill.

It’s Time to Switch Your Homeowners Insurance

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

It’s clear that State Farm is still the most expensive by far, while FedNat and Universal Property & Casualty remain the most affordable. 

As Spring Hill grows, property value in the area will likely increase, which means it’ll cost more to purchase a home. While market value isn’t necessarily a reflection of a house’s replacement cost, you may need more coverage if you have a bigger or more expensive home in Spring Hill.

With this in mind, let’s take a look at what $300,000 worth of home insurance in Spring Hill could cost.

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


ASI$5,628
Citizens$4,695
FedNat$2,517
Florida Penn$4,706
Liberty Mutual$4,890
People’s Trust$4,413
State Farm$23,802
UPCIC$3,087
Average$6,717

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

$5,376
$3,898
$2,024
$4,136
$4,120
$3,586
$23,980
$2,172
$6,162

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

$6,896
$6,038
$3,418
$6,478
$6,378
$6,446
$26,912
$4,926
$8,437

$150,000 Value 2001-Present Construction

$4,612
$4,149
$2,109
$3,505
$4,172
$3,206
$20,513
$2,163
$5,554

Coverages of Home Insurance in Spring Hill, Florida

Homeowners insurance acts as a security blanket in case of natural disaster or other damage to your house that’s out of your control. If you’re unfortunate enough to find yourself in this situation, it can go from bad to worse when you realize you have to pay for all damage out of pocket.

At its worst, homeowners insurance in Spring Hill is another bill you have to pay every month. At it’s best, a policy can save your home or livelihood from financial ruin. It’s usually worth the peace of mind. Here are all the ways homeowners insurance coverage safeguards you:

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.

The Best Home Insurance Companies in Spring Hill, Florida

FedNat and Universal Property & Casualty are the most affordable home insurance companies in Spring Hill, Florida, according to the numbers we broke down above. They had the lowest average premiums.

FedNat came in at the lowest rate for both $150,000 and $300,000 homes. It was founded in 1992 and provides a variety of policies in several states, mainly in the South. Since its inception, it has paid out over $2 billion in claims.

Universal had the second-lowest average rate of the insurance companies in Spring Hill, Florida, and it sported one of the biggest differences in cost between homes with and without wind mitigation. Premiums on houses with wind mitigation were over 50% lower. Universal is one of the largest and longest standing property insurers in Florida with over 20 years of experience.

Citizens Insurance in Spring Hill, Florida

Citizens Property Insurance is a popular choice of residents in Spring Hill. This is somewhat surprising considering companies like FedNat and Universal Property & Casualty had lower average rates, according to the premiums we broke down earlier.

Citizens is one of the largest insurers in Florida, though. It’s different from most providers in the state because it’s a non-profit company run by the government. It was established in the early 2000s after hurricanes devastated parts of Florida and scarred or financially ruined many private insurance companies.

Citizens was developed as a public option for those who were deemed too risky to insure by private companies or for those who couldn’t afford other alternatives. The company has restrictions as far as what coverage it provides, and not everyone may qualify for Citizens Insurance in Spring Hill.

It’s Time to Switch Your Homeowners Insurance

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

Factors that Impact Homeowners Insurance in Spring Hill

Rates of home insurance in Spring Hill are affected by a multitude of factors. To accurately reflect risk, providers have to take into account many aspects of policyholder life and property that you might not even realize. Some things that affect your rate are:


In addition to this list, we mentioned how inclement weather plays a role in affecting rates, too. Let’s take a closer look at what this entails exactly.

Spring Hill, Florida Hurricane Damage

The main drawback of Spring Hill’s proximity to the Gulf of Mexico is the risk of serious hurricane damage. While the city has been safe from major storms lately, it felt some effects of Hurricane Hermine in 2016.

A home insurance plan includes financial protection from hurricanes and tropical storms. But their consistent threat to the coasts of Florida is one of the main reasons for high homeowners premiums in the state.

When dealing with home insurance and hurricanes in Florida, it’s important to understand your hurricane deductible and how you’re covered from Spring Hill, Florida hurricane damage. Your policy will reimburse you for most instances of damage from debris or winds.

Spring Hill, Florida Sinkholes

The earth under Spring Hill and the surrounding area is made of limestone. The many bodies of water around the town and consistent rainfall the area receives wear down this limestone, which can cause a lot of sinkholes around Spring Hill. In fact, Hernando, Hillsborough and Pasco counties file the most claims for sinkhole damage in the state.

Sinkhole damage isn’t usually covered under a standard homeowners insurance policy unless it’s very extreme. Florida lawmakers require providers to protect against “catastrophic ground cover collapse,” but this is only applicable if your house is rendered unlivable by a sinkhole and you’re required to evacuate.

To protect your property from Spring Hill, Florida sinkholes, big or small, you’d need to purchase extra sinkhole coverage, which is always optional.

Flooding In Spring Hill, Florida

The Spring Hill community has many A, AE, and X-labeled flood zones, per the Federal Emergency Management Agency. FEMA creates flood zone maps for the country that serve as a basis for insurance rates. This is important because home insurance excludes damage from flooding in Spring Hill, Florida.

You’d need to purchase a separate flood policy either through a private insurer or agency like Clovered or the National Flood Insurance Program to cover your home and belongings from damage related to floods. Florida receives a lot of rain every year and some areas of Spring Hill have been developed in floodplains. Thus, it’s always wise to purchase a flood insurance plan.

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?

How to Save on Home Insurance in Spring Hill, Florida

No one wants to pay more than they have to for homeowners insurance. We’ve already got enough bills to pay. But, how do you know you’re getting insurance that’s right for you?

The best way to get the most bang for your buck is with Clovered. Our online quote engine enables you to tailor a plan that meets your Spring Hill home insurance needs and to compare rates of top companies in the state.

At Clovered, we want you to be better informed and better insured. For more information, call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m. Or you can email us anytime at agent@clovered.com.

It’s Time to Switch Your Homeowners Insurance

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