Average Brandon Home Insurance Cost by Company You only need flood insurance if required by your mortgage lender, which will occur if your property is in a federally designated high-risk flood zone. The Federal Emergency Management Agency (FEMA) maintains flood risk maps for the country. If your house is in a high-risk flood zone on a FEMA flood map, your lender will make you buy flood insurance in addition to homeowners insurance.
Key Takeaways
- The average home insurance cost in Brandon, Florida, is $2,960 annually, right on par with the state average.
- Our customers pay the lowest Brandon home insurance rates with insurers like American Integrity, Edison, and Citizens.
- As an insurance agency in Brandon, Florida, and throughout the state, we here at Clovered are dedicated to finding you the best policy for your needs and budget.
Average Cost of Homeowners Insurance in Brandon, Florida
The average cost of Brandon home insurance is about $2,960 yearly. Home insurance rates in Hillsborough County hover around Florida’s state average, which comes in at about $2,857 annually. Rates in coastal cities like Tampa and Apollo Beach will likely be higher than in inland cities like Brandon.
Home insurance rates are influenced by many factors, including weather risk, property values, and individual factors such as your age, claims history, and coverage details.
While home insurance rates vary from person to person, knowing the average cost of home insurance from several insurers in your city can be helpful. Here we’ve compiled the data on what our customers pay for home insurance in Brandon, and calculated the average rate for each insurer they trust to protect their properties.
| Company | Average Premium |
|---|---|
|
Edison |
$1,924 |
|
People’s Trust |
$2,283 |
|
Cypress |
$2,630 |
|
American Platinum |
$2,755 |
|
Swyfft |
$3,706 |
|
Florida Peninsula |
$5,235 |
|
Average |
$2,960 |
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.
Averages vary by company because each carrier has a slightly different underwriting approach. Underwriting is essentially risk analysis. Many factors affect premiums, and the mix of these factors, plus company business strategies, dictates underwriting methods and rates.
Two more important factors that affect premiums in Brandon are your home’s age and wind mitigation features. Hurricanes and tropical storms threaten Florida annually, and even reasonably inland communities like Brandon aren’t completely safe. Wind mitigation goes a long way and legally requires carriers to discount your premiums.
Another factor not reflected in our table of average premiums is home age. Older houses have the highest insurance costs because older homes are more prone to damage for several reasons. Mainly, wear and tear degrades components from the roof to the pipes to the foundation over time, and older construction isn’t up to current codes and is more likely to suffer problems during a severe weather event.
Getting the Cheapest Homeowners Insurance in Brandon, Florida
American Integrity had the cheapest home insurance in Brandon of the companies we analyzed, although you may find differently when you get quotes. Rates vary by many factors, and you might find a more affordable carrier based on your situation.
Let’s take a look at how the below-average rates set these insurers apart from the others represented on our list.
Edison
Our customers save an average of about 35% on their Brandon home insurance when they bind with Edison. So, if savings are your idea of a great policy, Edison may be the perfect provider for your needs. Plus, the insurer offers a senior discount, a claims-free discount, and a fire alarm discount for eligible policyholders.
People’s Trust
From the list of providers with which our customers have policies, People’s Trust is also one of the cheapest. On average, our customers pay about 23% below the city’s average rate when they bind a home insurance policy with this insurer. Plus, eligible customers may save even further with a military discount, a senior discount, a wind mitigation discount, and a discount for living in a secured community.
You should always compare rates from multiple providers to find cheap homeowners insurance in Brandon.
Companies with the Best Home Insurance in Brandon, Florida
The insurance marketplace is vast, with each insurer claiming they have the best Brandon home insurance. In fact, that may even be true. Policyholders’ needs differ; thus, not every insurer will meet each policyholder’s needs, but there is an insurer out there for everyone.
Let’s take a look at some crucial information you may want to know about some of the top home insurance companies in Brandon, Florida. These are the insurers our policyholders trust to protect their properties.
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.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$1,924
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.
People’s Trust
Demotech Rating
A
NAIC Complaint Index
1.44
Average Premium
$2,283
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.
Cypress Insurance Group
Demotech Rating
A
NAIC Complaint Index
0.77
Average Premium
$2,630
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.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$2,755
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
$3,706
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$5,235
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.
Home Insurance Is Just a Click Away
We partner with the nation’s top home insurance companies so you can get a great policy at an affordable price.
Brandon Homeowners Insurance Coverages
Homeowners insurance policies protect your property and liability in several ways that can be separated into six general coverage areas. These protections are standard in all HO-3 homeowners policies, the most common type of home insurance.
| Coverage | Definition |
|---|---|
| Coverage A |
Coverage A, or dwelling coverage, provides protection for the structure of your home should a covered peril damage it. Elements of your home that may be protected with this coverage are your foundation, roof, walls, fireplace, or windows, among others. |
| Coverage B |
Coverage B, or other structures coverage, protects fixtures on your property that aren’t attached to your main house from damage they may sustain from a covered peril. This coverage may protect fixtures like your shed, carport, detached garage, fence, pool, and more. |
| Coverage C |
Coverage C, or personal property coverage, can safeguard your belongings from perils like theft. Things like your furniture, appliances, clothing, electronics, and other belongings may be protected by this coverage. |
| Coverage D |
Coverage D, or loss of use coverage, can help you out if your home is rendered uninhabitable by a covered peril. It can help you pay for temporary living expenses, like housing, groceries, gas, and more. |
| Coverage E |
Coverage E, or liability coverage, can help protect you financially if you’re found legally at fault for someone’s injuries. Your insurer may cover legal fees and medical expenses if you invoke this coverage. |
| Coverage F |
Coverage F, or medical payments coverage, may help you pay minor medical bills if someone who doesn’t live with you is injured on your property. This may include bills for injuries like a broken tooth or a gash that needed stitches. |
How to Get Homeowners Insurance Quotes in Brandon
If you want any help with your Brandon home insurance quotes, that’s what we’re here for. As an insurance agency in Brandon, Florida, and throughout the state, our agents are on standby to assist you online or over the phone with your policy needs.
You can use our online quoting platform to compare your options on your own time, while the help of a licensed agent is only a chat away.
Or, if you’d prefer to quote over the phone, give us a call at 833-255-4117 during business hours. We know how frustrating it can be to find home insurance in Florida, and we want to make the process easier for you. You can also email us with questions at agent@clovered.com.
Home Protection Is Just a Click Away
We partner with the nation’s top home insurance companies so you can get an excellent policy at an affordable price.
Brandon Home Insurance FAQs
Do You Need Flood Insurance in Brandon, Florida?
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.
