Average Bradenton Homeowners Insurance Rates No law requires homeowners insurance in Bradenton. But, mortgage lenders require homeowners to get and keep a home insurance policy. If you don’t maintain your own coverage, a lender will force-place insurance on you.
Key Takeaways
- The average cost of home insurance in Bradenton is around $1,917 annually.
- Our policyholders found the cheapest home insurance in Bradenton from AmWins, American Platinum, and People’s Trust.
- The best way to save money on home insurance while still securing the best coverage is to utilize a Bradenton insurance agency to shop around and compare quotes.
How Much Is Homeowners Insurance in Bradenton, Florida?
The average cost of homeowners insurance in Bradenton is $1,917 annually, although you may find higher premiums depending on your location, home age, home size, and more.
Florida has some of the most costly homeowners insurance rates in the nation due to the state’s susceptibility to wind and flood damage. Coastal areas, like Bradenton, tend to have higher premiums than inland locations due to the risk of direct hits from hurricanes and tropical storms.
As an independent agency and insurance advisor in Bradenton, Florida, these rates are sourced from our internal policyholder data from Bradenton.
|
Company |
Average Premium |
|---|---|
|
AmWins |
$1,538 |
|
American Platinum |
$1,801 |
|
People’s Trust |
$2,330 |
|
Florida Peninsula |
$2,849 |
|
Swyfft, LLC |
$3,045 |
|
American Integrity |
$3,473 |
|
Slide Insurance Company |
$4,161 |
|
Average |
$1,917 |
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.
Many were able to find surprisingly affordable coverage, though this may reflect carriers covering only certain types of properties less exposed to perils. Keep in mind that rates vary by person due to property age, size, and other factors. Those with larger, more expensive properties tend to pay more for insurance.
Cheapest Home Insurance in Bradenton, Florida
AmWins and American Platinum had the cheapest home insurance in Bradenton, according to our data. Most companies listed are based in or do most of their business in Florida. AmWins is unique in that it is a surplus lines insurer, meaning it tends to insure only unique or difficult risks.
Nevertheless, our agents will work to pair you with the most affordable policy available from any of our partners. We are always looking for a deal for you.
Best Homeowners Insurance Companies in Bradenton
The best Bradenton insurance company varies by person, as coverage needs, budget, and personal preferences all play a role in the decision. We’re happy to present information to help you make an informed decision when
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.
AmWins
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$1,538
AmWins is a specialty insurance distributor and brokerage that offers several types of property and casualty insurance. AmWins operates internationally across several personal and commercial markets.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$1,801
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.
People’s Trust
Demotech Rating
A
NAIC Complaint Index
1.44
Average Premium
$2,330
People’s Trust Insurance Company was established in 2008 and offers home insurance exclusively in Florida. The company prides itself on its business model, which differs from most carriers in that it retains a network of preferred contractors for claims.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$2,849
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.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$3,045
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
American Integrity Insurance
Demotech Rating
A
NAIC Complaint Index
1.48
Average Premium
$3,473
Established in 2006, American Integrity Insurance has become one of the five largest home insurers in Florida with over 300,000 policyholders in the state. Since its founding, the company has expanded its coverage to Georgia and South Carolina and gone public, trading on the New York Stock Exchange.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$4,161
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.
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.
Bradenton Homeowners Insurance Coverages
Homeowners insurance policies include default coverage areas, regardless of the carrier. A plan protects more than just your house. You get a financial safeguard for your property, belongings, and personal liability. Default coverages are:
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage in a homeowners insurance policy financially protects your home’s physical structure and components, such as the roof, walls, windows, flooring, patios, wiring, HVAC, and more. |
|
Other Structures Coverage |
Other structures coverage accounts for features on your property not attached to your main home, including sheds, fences, carports, detached garages, pools, and more. |
|
Personal Property Coverage |
Personal property coverage covers your belongings in and around your home, such as furniture, clothing, electronics, bicycles, artwork, tools, jewelry, and more. |
|
Loss of Use Coverage |
Loss of use coverage helps cover living expenses you’d incur, such as lodging and groceries, if you’re forced to move out of your home after it suffers significant damage from a covered loss. |
|
Liability Coverage |
Liability coverage can cover medical bills and legal fees if someone suffers an injury at your property and you’re found legally liable for their damages. |
|
Medical Payments Coverage |
Medical payments coverage covers minor injuries without the need for liability. |
How to Get Homeowners Insurance Quotes in Bradenton, Florida
There’s quite a bit of information to keep track of when getting home insurance quotes. While you should be able to get quotes on your own, it’s not a bad idea to get help from a home insurance agency in Bradenton, Florida, which is where we’d like to come in.
We’re Clovered, an independent agency headquartered in South Florida. We’re very familiar with the struggles of finding affordable coverage in the state, and we’d be happy to help you with your Bradenton homeowners insurance quotes to get you the best policy.
Use our online quoting tool to compare plans from top insurance companies in Bradenton, Florida. Or, if you’re a more hands-on person, chat with one of our licensed agents for a quote by calling 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.
Bradenton Home Insurance FAQs
Is homeowners insurance required in Bradenton?
What is wind mitigation in Bradenton, Florida?
Wind mitigation involves home features that increase your house’s ability to withstand strong winds. Measures range from roof attachments and shapes to hurricane-protected openings. Insurers reward homeowners who take proactive protective measures with lower premiums. Don’t be surprised if passing a wind mitigation inspection cuts your premium by thousands of dollars.
What is mobile home insurance in Bradenton?
Mobile and manufactured home insurance in Bradenton, Florida, is largely similar to standard homeowners insurance. Traditional homeowners insurance is called the HO3 form, which contains the coverages we described above and is for single-family homes. Mobile home insurance is the HO7 form, covering manufactured homes and single-, double-, and triple-wide mobile homes. Mobile home insurance may also be cheaper, except if your mobile home dweling is exceptionally old.
What is renters insurance in Bradenton, Florida?
As the name may imply, renters don’t need homeowners insurance. Instead, they need renters insurance. Renters insurance mainly protects personal property and liability while being much more affordable than homeowners coverage. You can likely get renters insurance for less than $20 per month.
What affects Bradenton home insurance rates?
Home location, house construction, policy details, and market factors like local claim frequency and carrier strategy affect rates.
Do you need flood insurance in Bradenton?
You only need flood insurance in Bradenton if you’re mandated to get a plan by your mortgage lender, which occurs if your house is in a high-risk Special Flood Hazard Area as designated by the Federal Emergency Management Agency (FEMA). Homeowners insurance doesn’t cover flooding 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.
