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Homeowners Insurance in Tallahassee: Costs, Companies & More

By John Miceli

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Tallahassee, Florida’s state capital and home of the Florida State University Seminoles, is the seventh-largest city in the sunshine state. It’s a cultural and political hub and boasts plenty to do thanks to its manageable driving distances to beaches and natural springs.

While home insurance in the city is on the cheaper side, Florida always has its share of house-threatening hazards. Let’s take a look at the cost of homeowners insurance in Tallahassee, and some factors that determine the price of premiums.

Home Insurance in Tallahassee

The average homeowners insurance rate in Tallahassee, FL is around $1,181 for a $150,000 house, which is below the state average. Generally, Florida is one of the most expensive places in the nation for homeowners insurance, with the average cost of a premium being around $2,043 for a $150,000 house.

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


ASI$1,421
Citizens$632
FedNat$1,515
Florida Penn$1,053
Liberty Mutual$1,373
People’s Trust$1,142
State Farm$1,587
UPCIC$726
Average$1,181

While these numbers are useful at first glance, let’s take a more in-depth look at premium costs with some common home discrepancies accounted for:

☘ $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

$1,383
$581
$1,198
$1,025
$1,288
$1,107
$1,569
$601
$1,094

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

$1,694
$749
$2,087
$1,312
$1,536
$1,495
$1,854
$1,021
$1,469

$150,000 Value 2001-Present Construction

$1,186
$567
$1,261
$822
$1,296
$823
$1,338
$555
$981

*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 Tallahassee.

If a house is in a pricier area of Tallahassee, like Betton Hills or Midtown, it would likely need more dwelling coverage. So, let’s take a look at what it would cost for a home with a $300,000 value:

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


ASI$2,842
Citizens$1,264
FedNat$3,030
Florida Penn$2,106
Liberty Mutual$2,747
People’s Trust$2,283
State Farm$3,174
UPCIC$1,451
Average$2,362

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

$2,766
$1,162
$2,396
$2,050
$2,576
$2,214
$3,138
$1,202
$2,188

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

$3,388
$1,498
$4,174
$2,624
$3,072
$2,990
$3,708
$2,042
$2,937

$300,000 Value 2001-Present Construction

$2,371
$1,133
$2,521
$1,644
$2,592
$1,646
$2,675
$1,109
$1,961

It’s Time to Switch Your Homeowners Insurance

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

Factors That Affect Homeowners Insurance Rates in Tallahassee

Homeowners insurance isn’t a cut-and-dry process. Every house is different which means there’s plenty to consider for every property insured. Some factors, other than wind mitigation, that affect premiums include:

  • Age of your home
  • Condition of your roof
  • Your credit and claims history
  • The extent of coverage and deductible you choose
  • If your provider has seen an unexpected increase in claims as a company

These factors, and many more, can make determining the cost of a typical premium tricky. Additionally, the weather in Tallahassee causes more hazards that policyholders should know.

Flooding in Tallahassee

Tallahassee receives almost 60 inches of precipitation every year, making it one of the rainiest cities in the United States. Anyone who has spent a summer in Tallahassee can attest to this.

Due to these heavy rains and hilly terrain, many areas of Tallahassee are prone to floods and flash floods. This is important to note since flood damage isn’t covered by standard home insurance policies in most cases.

According to the city government website, places near the west, central, east, and northeast drainage ditches see regular flooding. This includes parts of Franklin Boulevard and Orange Ave. Sections of the FSU campus and places around other bodies of water in the city also have experienced floods and flash floods. 

The Federal Emergency Management Agency, known as FEMA, creates maps that designate flood zones in the United States, which affect insurance costs. Many parts of Tallahassee are in A, AE, or X zones. While no law that requires flood insurance, property owners in these zones may be required by their mortgage lender to get flood coverage to protect a lender’s financial investment.

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?

Sinkholes in Tallahassee

Florida experiences more sinkholes than any other state. Unfortunately, the limestone that makes up the earth in the northern and central parts of the state make this region especially sinkhole-prone.

The limestone gets worn away by water, and holes in the rock form underground as a result. Sometimes the surface above these holes dissipates or erodes, and suddenly you’ve got a sinkhole.

Normally, homeowners insurance policies don’t cover the land under your property. It deals with the replacement cost of the physical structures themselves. However, Florida is one of a few states to require insurers to cover “catastrophic ground cover collapse” in standard policies. 

This only provides coverage in extreme and specific instances, though. To be financially protected from catastrophic ground cover collapse, a sinkhole on your property has to meet certain criteria. If you’re not forced to evacuate your house or your home isn’t uninhabitable as a result of the sinkhole, you might not be covered.

To be further safeguarded from sinkholes, you’d need to purchase separate sinkhole coverage. This is always optional.

Tallahassee Hurricane Insurance 

Even though Tallahassee is 20 miles inland, it lies in the most hurricane-prone part of the state. Florida’s panhandle is exposed to hurricanes that pass through the Gulf of Mexico’s warm waters. 

As a result, Tallahassee homeowners sometimes have to deal with the devastating effects of tropical storms and hurricanes, like Hurricane Michael in 2018 and Hurricane Hermine in 2016.

Homeowners insurance covers hurricane damage. But, policyholders in Florida have to pay a hurricane deductible, which is different from their standard homeowners deductible, when filing an insurance claim for hurricane damage.

It’s usually more expensive since it’s likely based on a percentage of your dwelling coverage, but you only have to pay it once per storm season if you file multiple times in one season.

How to Save on Home Insurance in Tallahassee

Other than wind mitigation of your home, another way to save money is to “bundle” your home and auto policies. Bundling just means purchasing both policies from the same company. Providers usually offer discounts for this because it guarantees business long-term, while bundling offers convenience and potential savings for the policyholder.

A sure-fire way to know you’re getting the best rate possible is to compare insurance policies. Clovered makes this easy with an online quote engine that enables you to compare plans from top providers to find the right coverage at the right price. 

It’s Time to Switch Your Homeowners Insurance

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