Clearwater Homeowners Insurance

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  • Clearwater Homeowners Insurance

Clearwater is home to some of the best beaches in the country. If the long stretches of white sand make you want to visit, the golfing, fishing and shopping will make you want to stay. 

Clearwater is growing every year. It’s a beautiful and lively town with good schools and it’s just a short drive from bigger cities like Tampa and St. Petersburg if you want a change of scenery for the day. The city’s coastal location has a significant drawback, though. Homeowners have to worry about floods and hurricanes.

The threat of natural disasters is why homeowners insurance in Clearwater is such a valuable investment. It protects your property from over a dozen covered perils

Average Cost of Homeowners Insurance in Clearwater, Florida

The average cost of Clearwater home insurance is $3,090 per year for a $150,000 house, $5,340 for a $300,000 house, and $7,065 for a $450,000 house.

These numbers are higher than the average rates in the state of Florida, which are $2,533 per year for a $150,000 house, $4,386 for a $300,000 house, and $5,849 for a $450,000 house.

Homeowners insurance in Clearwater is a little pricey, but it’s still cheaper than many south Florida cities in Miami-Dade and Palm Beach counties. Let’s take a look at the average cost of some top homeowners insurance companies in Clearwater.

Average Cost of Homeowners Insurance in Clearwater for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$150,000 House

$2,898
$1,565
$3,386
$4,033
$2,718
$3,018
$2,816
$2,710
$3,090

$300,000 House

$5,084
$2,746
$5,943
$7,079
$4,774
$5,298
$4,945
$4,756
$5,340

$450,000 House

$7,055
$3,794
$8,217
$9,761
$6,559
$7,325
$6,805
$6,588
$7,065

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.

Florida Office of Insurance Regulation Premium Consideration Factors

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the 2022 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.

Pre-2001 Construction w/ Wind Mitigation

This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for maximum wind mitigation features.

Pre-2001 Construction w/ No Wind Mitigation

This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for no wind mitigation features.

2001-Present Construction

This risk is for a Florida masonry home with a current replacement value of $300,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past three years, and minimum premium discounts for limited wind mitigation features and no hip roof.

*Wind Mitigation

A wind mitigation is 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. Wind mitigations typically result in deep discounts on your home insurance premiums, so you’ll want to get one.

While these averages are useful, you may pay less or more depending on when your home was built and if you’ve got some wind mitigation measures on your home. Due to Florida’s susceptibility to hurricanes, insurance companies heavily discount premiums for homeowners whose houses will stand up to severe winds better. Look at average rates for homes valued at $150,000 in Clearwater.

$150,000 House in Clearwater for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

Pre-2001 No Wind

$4,440
$2,450
$5,616
$5,146
$3,625
$4,672
$3,665
$4,508
$4,633

Pre-2001 w/ Wind

$2,278
$1,017
$1,943
$3,606
$2,058
$2,082
$2,333
$1,669
$2,326

2001-Present

$1,975
$1,227
$2,600
$3,346
$2,472
$2,301
$2,450
$1,953
$2,312

As you can see, wind mitigation can save you thousands of dollars on your home insurance every year. Depending on the state of your home, adding the necessary features might be a sizable initial investment, but it could be worth the cost in the long run. 

Some companies had differences of over $2,000 depending on whether the home had wind mitigation or not, and the average rate overall was nearly cut in half.

While the market value of a home isn’t necessarily a clear reflection of its replacement cost, most properties in Clearwater indeed cost over $150,000 and you’ll probably need more coverage

So, let’s break down what $300,000 and $450,000 worth of Clearwater home insurance could cost.

$300,000 House in Clearwater for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

Pre-2001 No Wind

$7,770
$4,288
$9,828
$9,006
$6,344
$8,176
$6,414
$7,889
$7,996

Pre-2001 w/ Wind

$3,987
$1,780
$3,400
$6,311
$3,602
$3,644
$4,083
$2,921
$4,025

2001-Present

$3,495
$2,171
$4,602
$5,922
$4,376
$4,073
$4,337
$3,457
$4,000

$450,000 House in Clearwater for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

Pre-2001 No Wind

$11,100
$6,125
$14,040
$12,865
$9,063
$11,680
$9,163
$11,270
$10,810

Pre-2001 w/ Wind

$5,695
$2,543
$4,858
$9,015
$5,145
$5,205
$5,833
$4,173
$5,660

2001-Present

$4,369
$2,714
$5,753
$7,403
$5,470
$5,091
$5,421
$4,321
$4,852

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.

Clearwater Homeowners Insurance Coverages

When you pay your homeowners bill, you’re paying for much more than the protection of your house. If you purchase a policy through Clovered, a typical homeowners insurance plan incorporates all of the following:

Dwelling Coverage

Covers your home’s structure and the things that help create it, including the fireplace, windows, doors and flooring.

Other Structures Coverage

Covers structures on your property not attached to your house, such as a fence, detached garage, carport or shed.

Personal Property Coverage

Covers the personal belongings you keep inside or on your property, such as a TV, electronics, lawnmower and clothes.

Loss of Use Coverage

Reimburses you for additional living expenses if you’re forced to move from your home while it’s being rebuilt or repaired.

Medical Payments Coverage

Utilized to pay for small medical bills if someone was injured on your property, whether you’re at fault or not.

Considering these aspects of coverage, Clearwater home insurance seems like a pretty good deal, especially if you use Clovered’s online quote engine to compare plans from top providers and find the best ways to save. 

How to Find the Best Homeowners Insurance Agency in Clearwater, Florida

Clovered is a digital homeowners insurance agency in Clearwater, Florida that operates in the Sunshine State and beyond, offering an easy-to-use online quoting tool. You can receive a quote tailored to your needs in about three minutes and compare this with top providers around the state. 

Clovered is also home to a team of licensed agents available by phone at 833-255-4117 or email at agent@clovered.com that can answer any questions you may have. We, along with our partners, try to give you coverage you need at the price you want.

Factors to Consider When Buying Home Insurance in Clearwater

As mentioned previously, insurance companies put a lot of time and effort into determining rates. No two policyholders are exactly the same. There are several factors a provider considers when pricing a premium and some may seem more obvious than others:


In addition to these influences, the type of dog breed you own and certain features of your home, like installing a pool or owning a trampoline, can also raise your premium. In Clearwater specifically, homeowners insurance is affected by some weather-related hazards you can come across, too.

Flood Insurance in Clearwater

According to the Federal Emergency Management Agency (FEMA), much of the land in Clearwater and nearly all of Clearwater Beach is prone to flooding. Flood zones, as determined by FEMA, affect flood insurance rates and requirements. If you live in a high-risk zone, your mortgage lender may require you to get flood insurance.

This is because damage from heavy rains or storm surge flooding isn’t covered by a standard homeowners insurance policy. Flood insurance in Clearwater guards the structure of your home and personal belongings inside your house.

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?

Clearwater Hurricane Season

Clearwater is situated in one of the most hurricane-prone areas of the state. From June to November, residents usually have to keep their eyes on the weather radar to be ready for the next tropical storm or hurricane. While the area hasn’t been directly hit in a while, it still felt the effects of recent storms like Hurricane Irma in 2017.

A typical Clearwater home insurance plan will cover hurricane damage sustained from strong winds or debris. The continuous risk of hurricanes in Florida is one reason premiums are generally so high. It’s important to note that when filing for hurricane damage, you’ll have to deal with a hurricane deductible.

You’ll still have to pay a hurricane deductible prior to your insurer covering the rest of the damage, but it’s usually more than a standard home insurance deductible because it’s usually based on a percentage of your dwelling coverage. The more coverage you have, the higher your Clearwater homeowners insurance hurricane deductible may be.

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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