Homeowners Insurance in Casselberry, Florida

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  • Homeowners Insurance in Casselberry, Florida

Slightly north of Orlando, Casselberry is a small, central Florida town with the year-round greenery and lakes you’d come to expect from that part of the Sunshine State.

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.

How Much Is Homeowners Insurance in Casselberry, Florida?

The average cost of homeowners insurance in Casselberry is about $2,848 annually on a $150,000 house, $5,088 on a $300,000 house, and $7,330 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 nine common carriers by home value in the table below.

Average Cost of Homeowners Insurance in Casselberry
Company $150,000 House $300,000 House $450,000 House
Allstate $2,002 $3,575 $5,150
Citizens $1,232 $2,197 $3,164
Florida Penn $2,207 $3,940 $5,675
Liberty Mutual $1,824 $3,253 $4,684
People’s Trust $3,411 $6,091 $8,773
Southern Oak $3,250 $5,816 $8,385
State Farm $2,388 $4,268 $6,151
Stillwater $1,030 $1,842 $2,654
Universal Property $2,250 $4,020 $5,793
Average $2,848 $5,088 $7,330
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.

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.

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

Cost of Homeowners Insurance on $150,000 House in Casselberry
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $2,463 $1,926 $1,616
Citizens $1,560 $989 $1,146
Florida Penn $2,717 $2,036 $1,867
Liberty Mutual $2,118 $1,578 $1,777
People’s Trust $4,302 $3,055 $2,877
Southern Oak $4,760 $2,995 $1,996
State Farm $3,316 $2,084 $1,765
Stillwater $1,458 $916 $716
Universal Property $3,511 $1,502 $1,738
Average $3,858 $2,403 $2,284

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.

Florida Office of Insurance Regulation Premium Consideration Factors
Home Construction Coverage Definition
*Wind Mitigation Any protection on your home that helps decrease the damage caused by strong winds like a hurricane. This can include certain roof attachments and coverings, extra water-resistant seals and impact-resistant doors and windows.
Pre-2001 Construction w/ No Wind Mitigation These premiums represent homes built before 2001 with no wind mitigation features.
Pre-2001 Construction w/ Wind Mitigation These premiums represent homes built before 2001 with maximum wind mitigation features.
2001-Present Construction These premiums represent homes with limited wind mitigation features and no hip roof built from 2001, when Florida redesigned its building codes and mandated that new construction withstand hurricane-force winds better. 

On $150,000 homes, premiums in Casselberry are $1,455 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.

Cost of Homeowners Insurance on $300,000 House in Casselberry
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $4,433 $3,467 $2,825
Citizens $2,808 $1,780 $2,004
Florida Penn $4,891 $3,665 $3,264
Liberty Mutual $3,812 $2,840 $3,106
People’s Trust $7,744 $5,499 $5,029
Southern Oak $8,568 $5,391 $3,490
State Farm $5,969 $3,751 $3,085
Stillwater $2,624 $1,649 $1,252
Universal Property $6,320 $2,704 $3,038
Average $6,944 $4,325 $3,994

Average rates in Casselberry are $2,619 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 average Casselberry home insurance costs on $450,000 homes.

Cost of Homeowners Insurance on $450,000 House in Casselberry
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $6,404 $5,008 $4,040
Citizens $4,056 $2,571 $2,866
Florida Penn $7,064 $5,294 $4,668
Liberty Mutual $5,507 $4,103 $4,442
People’s Trust $11,185 $7,943 $7,191
Southern Oak $12,376 $7,787 $4,991
State Farm $8,622 $5,418 $4,412
Stillwater $3,791 $2,382 $1,790
Universal Property $9,129 $3,905 $4,344
Average $10,031 $6,248 $5,711
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.

Companies With the Cheapest Homeowners Insurance in Casselberry

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

Stillwater is a nationwide insurance carrier based in Jacksonville. It might be a good idea to compare large and small companies based in Florida and national chains like Allstate and State Farm.

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.

Casselberry Homeowners Insurance Coverages

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.

Casselberry Homeowners Insurance Coverages
Coverage Definition
Dwelling Coverage Dwelling coverage accounts for your home’s physical structure and components, including the roof, walls, flooring, porches, pipes, HVAC, and more.
Other Structures Coverage Other structures coverage protects fixtures on your property not attached to your main house, such as fences, detached garages, sheds, and pools.
Personal Property Coverage Personal property coverage guards your belongings, including furniture, clothes, electronics, jewelry, art, tools, and more.
Loss of Use Coverage Loss of use coverage helps cover living expenses you rack up if your house is rendered uninhabitable by major property damage. Your insurer can temporarily cover lodging, groceries, and gas.
Liability Coverage Liability coverage can pay medical bills and legal fees if you’re sued by someone for injuries or damages. 
Medical Payments Coverage Medical payments coverage is designed to cover minor medical expenses if someone is injured around your property, regardless of fault.

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.

How to Get the Best Homeowners Insurance in Casselberry

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.

Recognize Coverage Needs

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.

Seek Savings

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.

What to Know About Flood Insurance in Casselberry

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.

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?

Cost Factors of Home Insurance in Casselberry

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:

  • Home age and size
  • Home construction and features
  • Policy details
  • Claims history

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.

Is Home Insurance Required in Casselberry?

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.

How to Get Homeowners Insurance Quotes in Casselberry, Florida

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 agent@clovered.com.

Homeowners
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 editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.

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