Apopka Homeowners Insurance Rates by Company The only entity that can require homeowners insurance in Apopka is your mortgage lender. Lenders require borrowers to maintain a policy for the duration of the loan. No law requires home insurance.
Key Takeaways
- The average Apopka home insurance cost is about $4,789 per year.
- Southern Oak, Florida Peninsula, and Olympus had the cheapest home insurance in Apopka, based on our agency’s data.
- The only way to ensure you’re getting the best deal on homeowners insurance is to shop around and compare rates from several providers before choosing a carrier.
How Much Is Homeowners Insurance in Apopka, Florida?
The average cost of homeowners insurance in Apopka is about $4,789 annually. Florida is one of the most expensive states for home insurance in the nation for a few reasons, including the generally high property values and overall risk of hurricane damage.
Despite the city’s inland location, which limits direct hurricane hits and mitigates damage relative to coastal areas, the city still has rates above average in Florida.
As an independent agency in Florida, we’re able to list rates our policyholders found in the Apopka area from several companies.
|
Company |
Average Premium |
|---|---|
|
Southern Oak Insurance Company |
$1,778 |
|
Florida Peninsula |
$1,948 |
|
Slide Insurance Company |
$3,411 |
|
Cypress |
$4,003 |
|
Olympus |
$4,019 |
|
Edison |
$4,239 |
|
American Platinum |
$5,118 |
|
Swyfft |
$5,401 |
|
Average |
$4,789 |
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.
Cheapest Homeowners Insurance in Apopka, Florida
Southern Oak and Florida Peninsula had the cheapest homeowners insurance in Apopka among the companies on our list. Rates vary by location, policyholder, and company, though, and you won’t know which carrier is the most affordable for you until you provide them with some specific home information they need to estimate an exact premium.
You should consider insurance coverage from several carriers, big and small, when looking for a policy. It’s crucial to compare quotes from multiple providers to find the cheapest homeowners insurance in Apopka.
The Best Homeowners Insurance Companies in Apopka, Florida
The best Apopka home insurance company isn’t cut and dry for everyone. As an independent agency, it’s our job to pair you with the best provider for your situation. Every policyholder differs, so we want to expand upon some of our partner carriers that you may get coverage from in Apopka.
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.
Southern Oak Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.20
Average Premium
$1,778
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.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$1,948
Florida Peninsula Insurance Company was founded in 2005 and focuses on offering coverage in its namesake state. With over 150,000 policies in force in Florida, it just cracks the top ten list of Florida’s largest home insurers.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$3,411
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.
Cypress Insurance Group
Demotech Rating
A
NAIC Complaint Index
0.77
Average Premium
$4,003
Established in 1998, Cypress Property & Casualty, headed by the Cypress Insurance Group, offers several types of property insurance in Florida and Texas. The company has over 70,000 policyholders in the Sunshine State.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$4,019
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.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$4,239
Established in 2006, Edison Insurance Company offers home insurance primarily in Florida through independent agents, like our team at Clovered. It was acquired by Florida Peninsula Insurance Company in 2010, although it still has its own book of business.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$5,118
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.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$5,401
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
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.
Apopka Homeowners Insurance Coverages
Home insurance policies always include the same coverage areas, regardless of which company provides the plan. Homeowners insurance protects your property and liability and is generally divided into six key areas.
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage can help protect the structural parts of your home if a covered peril damages them. This covers aspects such as your flooring, roof, pipes, walls, and more. |
|
Other Structures Coverage |
Other structures coverage may help you cover the cost to repair or replace the fixtures on your property that aren’t attached to your main home, should they suffer damage from a covered peril. It covers fixtures such as your detached garage, carport, fence, pool, and shed. |
|
Personal Property Coverage |
Personal property coverage can help you replace or repair your belongings if they’re damaged by a covered peril or stolen. Covered items include clothing, furniture, electronics, tools, and more. |
|
Loss of Use Coverage |
Loss of use coverage can help you cover the costs of basic necessities if your home is rendered unlivable by a covered peril. It can help you cover the cost of gasoline, groceries, and temporary lodging. |
|
Liability Coverage |
Personal liability coverage can help you out if your liability comes into question following a guest’s injuries on your property or if you damage someone else’s property. It can help you cover the bills for legal fees and medical bills. |
|
Medical Payments Coverage |
Medical payments coverage may be used to cover medical expenses for someone’s minor injuries on your property. This coverage will only cover medical expenses and can be used regardless of fault. |
The most common type of homeowners insurance is officially called the HO3 policy form, which includes all the above coverage areas. You may be able to purchase a cheaper and more basic home insurance plan, such as an HO1 or HO2 policy, but these are less common and don’t typically satisfy lender requirements, which we’ll explain in some more detail later.
How to Get Home Insurance Quotes in Apopka, Florida
Having the right homeowners insurance is critical, especially in Florida. Yet, the process of finding the right policy can be time-consuming and confusing, especially for first-time shoppers. If you want help getting home insurance quotes in Apopka, our team at Clovered is happy to help.
We’re an independent insurance agency based in South Florida, so we’re very familiar with the coverage needs of fellow state residents. You can use our online quote engine to compare options from our leading insurance partners in minutes.
Or, if you’d rather chat with a licensed agent over the phone for a quote, call us at 833-255-4117 during business hours. 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.
Apopka Home Insurance FAQs
Is homeowners insurance required in Apopka?
What is wind mitigation in Apopka?
Wind mitigation features are home construction characteristics, like roof straps or hurricane windows, are essential in Florida to limit the possible damage from hurricanes and tropical storms, which are major concerns to insurers that can cost millions in claims after even a minor storm. Having wind mitigation features on your house reduces insurance premiums significantly.
What factors affect the average homeowners insurance cost in Apopka, Florida?
Several factors affect Apopka home insurance costs. Companies examine as many factors as possible that either affect your property’s odds of a claim or the amount of insurance you need. Properties with higher possibilities of damage or more insurance coverage have higher premiums. Some major factors affecting rates include home age, location, coverage amounts, and claims history.
Do you need flood insurance in Apopka, Florida?
You only need flood insurance if your lender requires it, which is the case if your home is in a federally designated high-risk flood zone. Certain areas in Apopka, such as Sheeler Oaks and Clear Lake Estates, are prone to flooding. Additionally, the city reports that properties near lakes, such as Lakes Hammer, Alden, and McCoy, are susceptible to flood damage.
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.
