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How Much Is Homeowners Insurance in Destin, Florida?

By Jarrod Heil

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Set on the beach in Okaloosa County and also in the midst of one of the most hurricane-prone areas of Florida, Destin shares the unique distinction as a snowbird haven, vacation destination and, for the lucky year-rounders, the ultimate home.

The Florida Panhandle has long been known as the premier vacation destination for people across the Midwest and beyond. But, as its residents may know all too well, it’s also known as one of the most expensive places for homeowners insurance in Florida — and the rest of the country.

The vast increase in home insurance in Destin is largely attributed to its location on the Gulf of Mexico in Florida’s Panhandle region. Warm waters from the Gulf mix with cool air during the Atlantic Hurricane season for nearly six months, creating the perfect concoction of weather to produce mind-bending, extremely devastating hurricanes.

More hurricanes that hit Destin equates to more home insurance claims, which then increases premiums for everyone in the city. So let’s take a look at the average cost of homeowners insurance in Destin, Florida, as well as dive deeper into some topics surrounding the matter.

How Much Is Homeowners Insurance in Destin, Florida?

The average cost of homeowners insurance in Destin, Florida is $2,442 per year for a $150,000 house, ranking it one of the most expensive in the state. Compared to the state’s average of $2,043 per year, those numbers may not seem so bad.

And if you put Destin’s numbers beside the South Florida cities of Miami, Fort Lauderdale and Palm Beach (three of the most expensive cities for homeowners insurance in the United States), those numbers really aren’t bad at all.

But just because the average cost is $2,442 per year, that doesn’t mean you’ll always have to pay quite that much. Many factors go into the pricing of premiums, including which company you choose. So let’s take a look at the breakdown of premiums based on Destin’s top insurers.

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


ASI$2,932
Citizens$2,230
FedNat$1,757
Florida Penn$2,871
Liberty Mutual$2,973
People’s Trust$2,302
State Farm$2,622
UPCIC$1,849
Average$2,442

Just as the company you choose affects the price of your Destin homeowners insurance premiums, so does the age and construction of your home. The former is the biggest determinant of pricing in Destin — and all of Florida — due to the exorbitant number of hurricanes that make landfall in the state.

In 2001, lawmakers sought to curb the destruction of these hurricanes by requiring builders to meet more strict building codes. So every home built in Florida from 2001 to the present day must meet those standards or they can’t be sold to the general public.

The stricter building codes made way for hip roofs, which curtail heavy winds a bit better, and impact-resistant windows and doors, which help stop projectiles dead in their tracks. These measures are called wind mitigation — and insurers offer hefty discounts on home insurance premiums to those homeowners who meet these standards.

☘ $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

$2,505
$1,171
$1,123
$2,517
$2,637
$1,499
$2,282
$1,325
$1,882

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

$4,263
$3,992
$2,820
$3,984
$3,694
$3,831
$3,603
$2,928
$3,639

$150,000 Value 2001-Present Construction

$2,027
$1,528
$1,329
$2,111
$2,587
$1,575
$1,982
$1,295
$1,804

*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 Destin.

It’s Time to Switch Your Homeowners Insurance

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

As you can see by the numbers above, those homeowners with proper wind mitigation measures in effect can save thousands of dollars per year in premiums. Some homeowners can even enjoy premiums hovering around $1,000 per year from companies like Universal Property & Casualty, Citizens and FedNat.

But the difficult conundrum may not be getting the most affordable rates. It may be finding a house for $150,000. So we’ve broken down the numbers for homeowners insurance premiums in Destin for $300,000 houses so you can get a better sense of what you may pay.

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


ASI$5,863
Citizens$4,460
FedNat$3,515
Florida Penn$5,741
Liberty Mutual$5,945
People’s Trust$4,603
State Farm$5,245
UPCIC$3,699
Average$4,884

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

$5,010
$2,342
$2,246
$5,034
$5,274
$2,998
$4,564
$2,650
$3,765

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

$8,526
$7,984
$5,640
$7,968
$7,388
$7,662
$7,206
$5,856
$7,279

$300,000 Value 2001-Present Construction

$4,053
$3,055
$2,658
$4,221
$5,173
$3,149
$3,964
$2,590
$3,608

What Does Destin Homeowners Insurance Cover?

Destin homeowners insurance covers your property and personal belongings from a variety of perils like hurricanes, water damage, tornadoes, fires and burglary. Plus it protects your finances against unexpected events like dog bites and an injury on your property that may or may not be your fault.

While your premiums may be based on your claims history, coverage amounts and your home’s location and crime in the area, you’ll always get the following coverages with your policy.

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.

What You Need to Know About Flood Insurance in Destin, Florida

Hurricanes produce storm surge, which causes flooding. So do torrential rains, overflowing bodies and water and many other things. Unfortunately, flooding isn’t covered under homeowners insurance policies. And just 1 inch of floodwaters can cause up to $25,000 in damage.

The good thing is that flood insurance is just a fraction of the cost of homeowners insurance, tipping the scale as low as $300 for $300,000 worth of coverage in some instances. At Clovered, we can help pair you with the perfect flood insurance policy that fits your needs and your budget.

All you need to do is fill out our flood insurance form with a few details about your home. That will be sent directly to our team of licensed, in-house agents, who will get back to you with your options ASAP. We partner with FEMA’s National Flood Insurance Program, as well as many other private insurers.

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 Get Affordable Home Insurance in Destin, Florida

Getting the most affordable home insurance in Destin is easier than ever when using our online quoting tool. All you need to do is answer a few questions about your property, we’ll analyze the data in the background and then we’ll pair you with a policy that fits your needs — and your budget.

But if you find comfort in talking to real people — after all, home insurance is a big purchase — you can also count on us. We have a team of licensed, in-house agents and service team members who are ready and waiting for you! Simply reach them from Monday to Friday from 8:30 a.m. to 6 p.m at 833-255-4117 or email them anytime at agent@clovered.com.

Homeowners
It's Time to Switch Your Homeowners Insurance

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