Average Rates of Homeowners Insurance in Apollo Beach 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.
Key Takeaways
- The average cost of home insurance in Apollo Beach, Florida, is about $4,394 per year, which is 54% higher than the state average.
- Slide and Southern Oak had the cheapest home insurance in Apollo Beach, Florida, based on our agency’s data
- The best way to save money on home insurance coverage is to compare quotes from several providers before buying a policy. This will ensure you find the best deal.
How Much Is Homeowners Insurance in Apollo Beach, Florida?
The average cost of homeowners insurance in Apollo Beach is $4,394 annually, which is 54% above Florida’s statewide average rate of $2,857 per year.
The frequency of hurricanes, paired with inflation and rising property prices in Florida, has caused home insurance premiums in the state to be among the highest in the nation. Coastal towns, like Apollo Beach, are more prone to hurricane damage than inland cities, which likely is a main contributor to the city’s relatively high insurance rates.
As an independent Florida insurance agency, we can list real, average premiums from our policyholders in Apollo Beach below to help you understand potential costs when you’re seeking coverage.
|
Company |
Average Premium |
|---|---|
|
Slide Insurance Company |
$2,061 |
|
Southern Oak |
$2,862 |
|
Swyfft |
$4,366 |
|
American Platinum |
$4,759 |
|
Olympus |
$5,134 |
|
Average |
$4,394 |
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.
The Cheapest Homeowners Insurance in Apollo Beach, Florida
Slide had the cheapest home insurance in Apollo Beach for our policyholders, on average. But, rates vary by company and circumstances, so this may not be the exact case for you when quoting.
Slide is one of several newer insurers in Florida that was founded after legislative reforms in 2022 and 2023 helped the state’s insurance marketplace straighten out after years of crisis. American Platinum is another notable name on our list, since it’s only available through our team here at Clovered.
It’s ideal to compare quotes from larger and smaller companies to note differences in rates, customer service, and procedures. Shopping around is always crucial to find the best price. Our team can help you bind with any of the companies on the above list and more that we partner with.
The Best Homeowners Insurance Companies in Apollo Beach, Florida
The choice of the best home insurance company in Apollo Beach differs by person, since everyone has different coverage needs, budgets, and preferences. We want to help you make that choice by providing further context on our partners.
Average premiums are determined from our policyholder data. Financial strength is determined by each company’s ratings from Demotech, a leading insurance industry credit rating agency.
To gauge consumer satisfaction, we used the National Association of Insurance Commissioners’ complaint index, which compares a firm’s consumer complaint performance with other companies in the market. The default index number is 1.0, meaning a company with a complaint index of 2.0 has a complaint value twice as high as expected. So, for their scale, lower is better.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$2,061
Slide Insurance Company was founded in 2021 and began operations offering home insurance in 2022. Available in Florida and South Carolina, the company currently has over 300,000 policyholders in the Sunshine State, making it one of Florida’s largest.
Southern Oak Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.20
Average Premium
$2,862
Southern Oak Insurance Company is a private home insurer that has been providing coverage to state residents since 2004. Its policies are primarily available only in Florida through a statewide network of independent agents, such as Clovered.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$4,366
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$4,759
American Platinum Insurance Company, founded in 2011, is a subsidiary of Universal Insurance Holdings, offering home insurance coverage in Florida and Georgia. Policies are available exclusively through independent agents at Clovered.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$5,134
Olympus Insurance Company has offered home insurance solely in Florida since its founding in 2007, with a general focus on higher-value homes and a count of over 70,000 policyholders.
Apollo Beach Homeowners Insurance Coverages
The most common type of homeowners insurance is officially called the HO3 policy form, which is what we are referring to here when we mention home insurance. HO1 and HO2 home insurance plans exist but are less common, with fewer coverages. The standard coverage areas in an HO3 homeowners insurance policy look as follows.
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage covers your home’s structure and components, including the roof, walls, flooring, patios, plumbing, wiring, and more. |
|
Other Structures Coverage |
Other structures coverage financially protects fixtures on your property that aren’t attached to your main house, such as fences, sheds, carports, detached garages, pools, and more. |
|
Personal Property Coverage |
Personal property coverage safeguards your belongings in and around your property, such as your clothing, electronics, furniture, bicycles, tools, jewelry, and more. |
|
Loss of Use Coverage |
Loss of use coverage comes into play if your house is rendered uninhabitable after property damage. Your insurer can cover lodging, groceries, and gas temporarily. |
|
Liability Coverage |
Liability coverage helps cover medical bills and legal fees if someone pursues you in court after they suffer an injury and you’re found liable. |
|
Medical Payments Coverage |
Medical payments coverage is designed to cover minor injuries someone can suffer regardless of fault. These include small-scale medical bills such as ambulance rides and X-rays. |
How to Get Homeowners Insurance Quotes in Apollo Beach, Florida
As we’ve mentioned, 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 agent@clovered.com.
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.
Apollo Beach Home Insurance FAQs
Is homeowners insurance required in Apollo Beach, Florida?
What is wind mitigation in Apollo Beach, Florida?
Wind mitigation refers to home elements that strengthen your dwelling against damage from strong winds from hurricanes and tropical storms. Roof straps, roof shape, opening protections, and water barriers are notable wind mitigation measures, and you can get a wind mitigation inspection to see if your house has them. Homeowners with wind mitigation features can receive hefty discounts on insurance premiums.
What factors affect Apollo Beach home insurance costs?
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 and person. House age, size, building materials, and location affect premiums. 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, and changing your deductible will influence your policy cost, too.
Do you need flood insurance in Apollo Beach, Florida?
You must have flood insurance in Apollo Beach only if your mortgage lender mandates it, which will occur if your property is in a high-risk flood zone designated by the Federal Emergency Management Agency (FEMA). FEMA maintains flood maps for the country. Lenders will require people living or buying in high-risk FEMA flood zones to have flood insurance, which is separate from homeowners coverage.
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?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
