Bonita Springs Homeowners Insurance

It’s just a short drive to the beautiful beaches, and there are a few state parks nearby. Residents of the city likely value the outdoors. But, how much do they pay for sun-soaked living?

Homeowners insurance in Florida is the most expensive in the country, largely due to the chances of severe, destructive weather the likes of which aren’t common in other states.

The average cost of homeowners insurance in Bonita Springs is $3,095 per year for a $150,000 house, $5,354 per year for a $300,000 home, and $7,117 per year for a $450,000 house. These rates are slightly above the state average and very similar to the nearby larger cities of Tampa and St. Petersburg. 

The average cost of home insurance overall in Florida is $2,553 for a $150,000 house, $4,386 for a $300,000 house, and $5,849 for a $450,000 house.

Unfortunately, Bonita Springs lies in one of the most hurricane-prone parts of Florida, which doesn’t translate well for home insurance premiums. The threat of serious storms and floods negatively affects rates. Let’s take a look at what homeowners insurance in Bonita Springs costs on average from some well-known providers.

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the 2022 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 averages are useful, but they don’t tell the full story since you can’t see the effects of some important factors that influence premium rates. One significant consideration in Bonita Springs homeowners insurance is wind mitigation. See how it makes a difference in rates on $150,000 homes.

As you can see, wind mitigation can be a game-changer when it comes to how much you pay for homeowners insurance in Bonita Springs. The average difference in premiums for older homes with and without wind mitigation was $2,477, which amounts to savings of 52%.

Some companies offer exceptionally impressive discounts. Universal Property & Casualty had a 63% difference in cost between houses with and without wind mitigation, which amounted to $4,173 in savings on average.

If you use Clovered to purchase a policy, you can choose the amount of homeowners insurance coverage you want. A common option is $300,000, which is closer to the median home price in Bonita Springs. While the market value of your home isn’t the same as the replacement cost utilized in home insurance, odds are the bigger and more expensive your home is, the more coverage you’ll need.

We’ve been discussing average costs, but what exactly are you receiving for your money when you pay for home insurance? If you acquire a policy through Clovered, a standard plan includes the following protections, which extend beyond just your house.

For most people, their house is the most important and valuable investment they’ll make. Part of being a good homeowner is doing what you can to protect it from disasters out of your control. With Clovered, a standard Bonita Springs homeowners insurance policy covers you from over a dozen perils.

Insurance companies base their rates on the amount of risk they’re taking on when writing a policy. Florida brings plenty of weather-related hazards that influence Bonita Springs homeowners insurance costs, but what else do companies look at?

Although the specifics are different for every insurer, some common factors include:

The age and size of your home always play a role in how much your coverage costs. If you’ve got a bigger home, you’ll likely need more insurance since the replacement cost will be higher.

The age and material of your roof are also important. Older roofs present a greater risk because the wear and tear over the years has made it weaker and more likely to have drainage, ventilation, or integrity issues. Also, some roofing materials have a longer life expectancy than others, and insurance companies take this into account. For example, metal roofs usually last longer than asphalt shingles.

Southwest Florida experiences heavy rainfall every year, and Bonita Springs has a tendency to flood mainly due to the Imperial River that runs through the city that can overflow. Hurricanes and tropical storms can also bring tremendous amounts of rain and a damaging storm surge to coastal areas. Recent storms like Hurricanes Irma and Sally caused notable flooding in Bonita Springs.

Homeowners insurance doesn’t cover damage from flooding. To protect your home and belongings from destruction by heavy rains or storm surge, you’d need a separate flood policy. You can purchase flood insurance in Bonita Springs, Florida from a private insurer or through the National Flood Insurance Program.

Much of the land around the Imperial River and all properties along Bonita Beach are in federally labeled flood zones marked AE or VE. Lee County requires buildings in these Special Flood Hazard areas to purchase flood insurance. With Clovered, you can get a flood insurance quote in minutes. Just fill out a form with some information about yourself and your home, and you’ll hear back from a licensed agent.

Unfortunately, Bonita Springs lies in one of the most hurricane-prone parts of the state. Hurricane Wilma struck the area in 2005 and Irma, as mentioned previously, caused serious damage in 2017. Residents of the town must be vigilant every storm season.

Home insurance offers a small peace of mind, though, as it does cover hurricane damage in Bonita Springs. A standard homeowners insurance policy includes windstorms as a named peril covered by the plan.

Clovered was established with the consumer in mind. We offer an archive of insurance-related information and an online quote engine to give you all the information you need to be able to purchase protection from your computer or phone. Clovered is the best way to buy and compare insurance online.

If you have questions or would prefer to speak to a licensed agent, call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m. or email us anytime at agent@clovered.com.