Homeowners Insurance in Casselberry, Florida (2024)

The city is largely shielded from hurricanes due to its interior location in the state, but that doesn’t mean your property is always safe. Homeowners insurance financially protects you from uncontrollable events jeopardizing your property.

Use this guide to help find the best homeowners insurance in Casselberry. We break down average rates, cost factors, and more.

The average cost of homeowners insurance in Casselberry is about $3,070 annually on a $150,000 house, $5,554 on a $300,000 house, and $7,970 on a $450,000 house.

Florida homeowners insurance rates are among the highest in the country due to high average property values and the substantial hurricane risk for coastal areas, among other factors.

However, Casselberry residents may be pleased to know that average premiums in the city are about 7% below the state average, likely due to the town’s inland location that limits hurricane risk.

For some precise numbers, we segmented average homeowners insurance rates in Casselberry from common carriers by home value in the table below.

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.

Rates can vary by thousands by company. However, average premiums always rise as home value increases. This occurs because larger, nicer homes have higher replacement costs.

Your home’s replacement cost is the amount of money it would take to rebuild your house from the ground up based on materials and labor. It’s a primary factor in home insurance rates because it helps your carrier determine how much coverage you need.

But, it’s not the only consideration in your rates. Insurance companies also look at your home’s likelihood of suffering damage. Two variables that affect your home’s durability are its age and wind mitigation features, which are especially vital in Florida due to possible hurricane damage.

Before we get into the data, let’s see how insurers categorize homes in this Florida city, taking into account home age and wind mitigation features as primary factors for premium calculation.

We break down the effects of these two variables on houses at three different price levels in Casselberry, starting with $150,000 homes below.

On $150,000 homes, premiums in Casselberry are $1,568 lower on average with wind mitigation. Wind mitigation is so influential on Florida rates because of the state’s regular hurricane damage. It’s incredibly impactful in coastal areas but can still lower premiums in Casselberry by thousands annually.

Look how the numbers translate on $300,000 houses below.

Average rates in Casselberry are $2,781 lower with wind mitigation on $300,000 homes, while newly constructed houses generally had the lowest rates of the three categories. Newer houses lack the wear and tear and dated components that can increase the chances of damage in older properties.

The final table shows the average Casselberry home insurance costs for $450,000 homes.

In many cases, State Farm had the cheapest homeowners insurance in Casselberry. However, you won’t know which company is the most affordable for you until you get quotes.

State Farm is one of the largest nationwide insurance carriers, based in Bloomington, Illinois, and serving policyholders in nearly all 50 states. It might be a good idea to compare large companies like State Farm and Safeco with more regional companies based in Florida, like Tower Hill and Citizens.

Taking the time to compare quotes will ensure you find the best price. Rates vary based on many factors relating to your property and coverage needs. They also change over time, so it’s wise to review your coverage and shop around occasionally, especially if your premiums increase when your policy renews.

The most common type of homeowners insurance is the HO3 policy form, an open-peril policy. All HO3 plans come with the same coverage areas, financially shielding your property and liability in several ways.

Dwelling coverage, sometimes called Coverage A, protects your home’s structure should one or more of its components suffer damage from a covered peril on your policy. This coverage accounts for things like your flooring, roof, plumbing, fireplace, walls, and much more.

Other structures coverage, also known as Coverage B, covers the fixtures on your property that aren’t attached to your main home should a peril on your policy damage them. This may include things like your pool, fence, shed, detached garage, and more.

Personal property coverage can help you pay to repair or replace your belongings if they’re lost due to a covered peril. This coverage, sometimes known as Coverage C, may cover all sorts of items like your gaming equipment (yes, all three monitors), furniture, lawn tools, and much more.

Loss of use coverage can help you and your family should your home be rendered temporarily uninhabitable by a covered peril on your policy. This coverage, known by some insurers as Coverage D, may help you pay for living expenses like housing, groceries, gasoline, and more.

Personal liability coverage, or Coverage E, can help you financially if you’re found liable for damage to someone’s property or someone’s injuries. It may help you cover your legal fees or someone’s medical expenses. 

Medical payments coverage is like liability coverage but on a smaller scale and doesn’t account for fault. This coverage, also known as Coverage F, will only help you cover someone’s medical expenses for a minor injury. 

While you can purchase cheaper home insurance plans known as HO1 or HO2 forms, these policies provide more limited coverage and likely won’t satisfy your mortgage lender requirements, which we’ll touch on later.

The choice of the best homeowners insurance in Casselberry will vary by person, as everyone has different properties, coverage needs, and budgetary constraints. To ensure you find the best coverage, understand your coverage needs and policy details to adjust your plan as needed. Then, shop around to find the best price.

Know your coverage needs when getting quotes. In many cases, you determine when and how you’re covered by adjusting your policy limits and seeking endorsements for additional protection if needed.

Policies don’t cover all areas or risks. For example, you may want additional coverage in the form of endorsements for certain high-value items, called scheduled personal property coverage. You can also get endorsements for sinkholes, rebuilding cost inflation, and home-based business protection.

You can also adjust your policy’s limits to increase or decrease your coverage amounts appropriately. For instance, your dwelling must always be insured to at least 80% of its value, but you can raise it to 100% or even higher in some cases, depending on your budget. You should also adjust your liability limits based on your assets. Ensure you have enough to cover you fully – medical expenses rack up very quickly in a major accident.

The best home insurance in Casselberry won’t break the bank. You can take steps to reduce the cost of your policy while maintaining your needed coverage.

Always be aware of what discounts you can qualify for with your insurance company. You can often save money based on your home age, security features, occupation status, or organization membership. You can also reduce your premiums by bundling multiple policies with the same provider.

You can also raise your deductible to lower your premiums. Your deductible is the amount of money you’d need to cover in a claim before your provider picks up the rest of the bill. Increasing your deductible increases your financial responsibility for your property damage and lowers the risk for your insurer, thus reducing your rates.

The most proven way to save money on Casselberry home insurance is to shop around. As we’ve demonstrated, rates vary considerably by company. You should always get multiple quotes to find the carrier with the coverage you need at the price you want.

While shopping around for your home insurance, you might notice that even the most expensive policies don’t include coverage for flood damage. Flooding is excluded from all policies by default due to its frequency and severity.

Floods have various causes, from extreme events like hurricanes to everyday thunderstorms. Flooding is the most common disaster in the nation, with every county in the U.S. experiencing a flooding event within the last three decades.

Wherever it can rain, it can flood. And, there are over 30 lakes in and around Casselberry, so homes near these water bodies may be at even higher risk of flood damage. Consider a separate policy for flood insurance in Casselberry to protect your property fully.

The average cost of homeowners insurance in Casselberry is between $2,848 and $7,330, on average. The exact price you’ll pay depends on many factors, including:

Your home’s age and size affect insurance costs. Larger homes have higher premiums than smaller ones due to the higher replacement costs. And, as we mentioned, older houses typically have higher rates due to their increased chances of damage.

Insurers will also ask about your home’s construction. Certain roof types, such as metal ones, are often more beneficial to insurance premiums because they withstand damage better. Also, masonry houses may have lower rates than frame ones. Insurance companies prefer that brick and concrete homes can withstand wind and fire damage much better than wooden frame houses.

The details of your policy also impact your rates for property insurance in Casselberry. Raising your deductible and qualifying for discounts can lower your premiums. Conversely, opting for higher limits and endorsements will cost you more. Also, having a history of filing home insurance claims typically increases premiums.

Homeowners insurance isn’t required by law in Casselberry, but that doesn’t mean you don’t have to get it. Most people have a mortgage, and mortgage lenders mandate a home insurance policy for the life of the loan.

Lenders require home insurance as part of their loans to protect their investment in your home. The policy will reimburse you and your lender if your house gets damaged or destroyed. If you don’t maintain your own coverage, your lender will force place a policy on you.

If you bought your house with cash or paid off your mortgage, no entity will require you to maintain homeowners insurance. However, we always recommend keeping a policy, or else you’d be personally responsible for paying for all property damage out of your own pocket.

Hopefully, you never have to use your policy. But, if you do, just one claim can make years of premiums worth paying.

Getting homeowners insurance quotes in Casselberry can be confusing and time-consuming, especially if it’s your first time. To be certain you’re making the right choice on a provider, you can reach out to us at Clovered.

We’re an independent insurance agency based in South Florida with over five years of experience helping state residents find the coverage they need at the price they want. 

Check your options online with our quoting engine, or call us at 833-255-4117 during business hours. One of our licensed agents would be happy to help you find the best home insurance in Casselberry. You can also email us anytime at [email protected].