Homeowners Insurance in Apollo Beach, Florida (2024)

We created an in-depth guide to help residents find the best protection at the right price. Read on to learn common home insurance cost factors, requirements, and average rates in Apollo Beach.

The average cost of homeowners insurance in Apollo Beach is $3,610 on a $150,000 house, $6,541 on a $300,000 house, and $9,379 on a $450,000 house.

The frequency of hurricanes, paired with inflation and rising property prices in Florida, have caused home insurance premiums to soar in recent years. The state has some of the highest rates in the nation.

Homeowners insurance premiums in Apollo Beach are above the state average partly because coastal towns are more prone to hurricane damage than inland cities. The table below illustrates average home insurance rates in Apollo Beach from some popular companies depending on home value.

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the most recent 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 example premiums are based on a policy for a Florida masonry home with a $500 non-hurricane deductible, a 2% hurricane deductible and no claims in the past three years.

Insurance premiums increase as home value increases. Naturally, larger, more expensive homes cost more to insure because bigger homes will have more to repair after suffering damage.

Insurers get an exact number of how much coverage your home needs based on its replacement cost. 

Your home’s age also influences premiums. As you’ll see in the following tables, older houses tend to have higher insurance rates. Older homes are more prone to property damage due to the wear and tear on roofs, siding, pipes, and more. Also, old houses aren’t built up to the latest codes, which is vital in Florida for integrity against hurricane damage.

Homeowners with wind mitigation features on their homes may receive a hefty discount on premiums for safeguarding their homes against potential critical damage. Let’s break down how insurers categorize homes for premium consideration based on wind mitigation and home age. 

Now, take a look at the table below, which breaks down premiums for $150,000 homes in Apollo Beach, accounting for home age and wind mitigation.

Florida insurers are required to reduce premiums on homes with effective wind mitigation measures. In Apollo Beach, wind mitigation cut rates by almost 40% on average. Newer homes had the cheapest rates in many cases.

Wind mitigation continued to cut rates by over 40%.Additionally, younger homes consistently had lower premiums, which is worth noting as new construction is becoming rampant due to Hillsborough County’s rapid population growth. See how this trend continues on $450,000 homes below.

State Farm had the cheapest homeowners insurance in Apollo Beach of the companies we analyzed. On average, their rates were thousands of dollars lower than competitors for $300,000 and $450,000 homes. But, rates vary by company and circumstances, so this may not be the exact case for you when quoting.

Tower Hill and Citizens also had relatively cheap home insurance in Apollo Beach. It’s good to compare quotes from regional companies like these with national insurers like State Farm and Safeco to note differences in rates, customer service, and procedures. You may prefer the service and care at a smaller company.

The standard coverage areas in a homeowners insurance policy look as follows:

The most common type of homeowners insurance is officially called the HO3 policy form, which includes the above coverages. HO1 and HO2 home insurance plans are less common with fewer coverages, but they’re cheaper.

The best homeowners insurance in Apollo Beach covers your property and liability sufficiently at an affordable price. This will differ by person, so you need to shop around to compare quotes and options from different companies.

One of the most important steps in getting a home insurance policy is to set the proper limits. Companies will recommend some coverage area limits, but you can fine-tune them to save money and better fit your situation.

Insurers usually determine your dwelling and other structures limits, but you can more freely adjust your personal property and liability coverage limits. Create a home inventory to value your possessions and give you an exact number for your personal property coverage limit. Raise or lower your liability limits to cover your assets. For instance, if you have over $300,000 in assets, you should have at least $300,000 in liability coverage.

You should also note exclusions in your policy and consider adding coverage if needed. Some unconventional items or perils aren’t included in standard plans. To account for these situations, you can purchase riders or endorsements, optional additional coverage. 

For example, you can purchase endorsements to include protection for home-based businesses, costly jewelry, water backup, and more.

Once you know what you need in your policy to make it the best home insurance in Apollo Beach, you should shop around with your specifications to find the best fit.

You’ll see which companies best meet your coverage needs at the best price. In addition to comparing rates, you can also gauge their customer service and, if shopping online, website ease of use. You should also note possible discounts you can receive.

Floods are the most common and costly natural disasters in the United States. Unfortunately, many homeowners don’t find out that their homeowners insurance doesn’t cover flooding until it’s too late. 

In the spirit of protecting your property, we want to remind you to think about flood insurance in Apollo Beach for total peace of mind. Most towns in Florida are prone to flash flooding from heavy rains. And, as a coastal town, Apollo Beach has many properties on or near Tampa Bay, further increasing flood risk from storm surges during hurricanes. 

The fact is that even with home insurance, you’re personally on the hook for flood damage, so consider a separate flood insurance policy that could save you money in the worst-case scenario.

Insurance companies consider a multitude of factors when calculating home insurance rates because these factors help assess the level of risk associated with a specific property. The primary goal of insurance is to predict and manage risk accurately. To do this effectively, insurers must recognize the various factors that could impact the likelihood and severity of potential claims. Several home and policy features impact your premiums.

The type of materials used to construct a home can significantly impact property insurance in Apollo Beach. Homes built with fire-resistant or durable materials like brick or concrete may result in lower premiums due to reduced risk of fire or structural damage compared to homes constructed with wood.

The presence of certain items officially termed attractive nuisances, such as swimming pools, trampolines, or playground equipment, can affect home insurance rates. These features may increase liability risks, potentially leading to higher premiums.

Homes located in damage-prone areas, such as flood zones or high-crime areas, can have higher premiums. Conversely, homes close to fire stations or hydrants can receive discounts.

Home insurance rates are also closely tied to the policy details you choose. Higher policy limits provide greater coverage, resulting in higher premiums. Adding endorsements will increase premiums.

The deductible you choose also impacts Apollo Beach home insurance premiums. A higher deductible typically results in lower premiums because you’re agreeing to pay more out of pocket before your insurance coverage kicks in. Conversely, a lower deductible increases premiums, as the insurance company assumes a greater share of the risk.

Home insurance isn’t legally required in Apollo Beach at the state or federal level. However, mortgage lenders often require homeowners to carry insurance as a condition of their loan agreements. 

This requirement is primarily to protect the lender’s financial interest in the property. If you have a mortgage on your home, your lender will likely insist that you have homeowners insurance that includes hurricane coverage.

Even when not legally required, having property insurance in Apollo Beach is highly advisable because repairing or rebuilding a home after major property damage can be prohibitively expensive. Home insurance provides financial protection against several risks, ensuring you can rebuild or repair your home and replace personal belongings.

A surefire way to save on home insurance is by shopping around. If you want help comparing rates and coverage options, contact our expert team at Clovered.

We’re an independent insurance agency based in South Florida founded to make insurance easier. We help policyholders with all their property insurance needs and are very familiar with navigating the tricky Florida market.

We’re happy to help you with your homeowners insurance quotes in Apollo Beach. You can use our online quoting engine to compare rates from top providers in minutes. Or, give one of our licensed agents a call at 833-255-4117 during business hours to walk you through a quote. You can also email us at [email protected].