Homeowners Insurance in Clermont, Florida

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  • Homeowners Insurance in Clermont, Florida

Just west of Orlando, Clermont has been one of central Florida’s fastest-growing cities since 2000. The rolling hills and peaceful lakes make for pleasant scenery. 

Homeowners should preserve and protect their slice of life in Clermont with the right homeowners insurance. Unfortunately, getting appropriate coverage is sometimes easier said than done.

Whether buying home insurance for the first time or switching to save money, we want to outline all the information you should know to find the best homeowners insurance in Clermont.

How Much Is Homeowners Insurance in Clermont, Florida?

The average cost of homeowners insurance in Clermont is about $2,441 annually on a $150,000 house, $4,360 on a $300,000 house, and $6,281 on a $450,000 house.

While Florida has some of the highest home insurance rates in the nation, Clermont premiums come in about 20% below the state average. These relatively affordable rates are largely due to the city’s inland location that shields it from much of the potentially destructive hurricanes that threaten the coastline and drive up premiums in towns on the Atlantic and Gulf.

For further analysis, we analyzed rates from every carrier that filed with the Office of Insurance Regulation, depicting nine major carriers in the Clermont area below. Their average rates are organized by home value.

Average Cost of Homeowners Insurance in Clermont
Company $150,000 House $300,000 House $450,000 House
Allstate $1,842 $3,291 $4,742
Citizens $1,110 $1,980 $2,852
Florida Penn $2,324 $4,149 $5,976
Liberty Mutual $1,494 $2,664 $3,835
People’s Trust $2,662 $4,752 $6,845
Southern Oak $2,594 $4,644 $6,696
State Farm $2,517 $4,497 $6,480
Stillwater $888 $1,588 $2,289
Universal Property $1,990 $3,555 $5,122
Average $2,441 $4,360 $6,281
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 vary by carrier because companies have slightly different ways of underwriting. Underwriting is a company’s method of risk analysis. When offering coverage, providers weigh many factors about you and your property to determine your risk levels. Their procedures determine different premiums.

Companies look at several factors to calculate rates, with one of the most important being your home’s value. Home value is a common basis for policy calculations since it indicates how much coverage you’ll need.

Perhaps unsurprisingly, larger, nicer homes need more insurance coverage. The more coverage you buy, the more you pay for it. Larger houses need more insurance because of their higher replacement costs, which is the amount necessary to rebuild your property after damage based on materials and labor.

Your home’s age and wind mitigation features are two more critical variables in Clermont. We break down the effects of these two factors for houses at every price level, starting with $150,000 homes below.

Cost of Homeowners Insurance on $150,000 House in Clermont
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $2,365 $1,712 $1,450
Citizens $1,417 $867 $1,047
Florida Penn $2,813 $2,165 $1,994
Liberty Mutual $1,704 $1,291 $1,487
People’s Trust $3,332 $2,371 $2,282
Southern Oak $4,038 $2,298 $1,445
State Farm $3,405 $2,254 $1,891
Stillwater $1,285 $763 $617
Universal Property $3,104 $1,330 $1,535
Average $3,371 $2,005 $1,946

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. 

You’ll notice that wind mitigation decreased premiums substantially on older houses while newly constructed homes had the lowest rates, on average. 

Wind mitigation features are so impactful in Florida because of the annual hurricane and tropical storm threat statewide. Wind mitigation reduces the chances your property suffers damage from their high winds.

In Clermont, wind mitigation lowered home insurance costs on $150,000 older homes by 41%, amounting to savings of over $1,300 annually.

These trends continue on $300,000 homes, pictured below.

Cost of Homeowners Insurance on $300,000 House in Clermont
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $4,257 $3,082 $2,535
Citizens $2,551 $1,561 $1,830
Florida Penn $5,063 $3,897 $3,486
Liberty Mutual $3,067 $2,324 $2,600
People’s Trust $5,998 $4,268 $3,990
Southern Oak $7,268 $4,136 $2,527
State Farm $6,129 $4,057 $3,306
Stillwater $2,313 $1,373 $1,078
Universal Property $5,587 $2,394 $2,684
Average $6,067 $3,609 $3,402

Older homes tend to have higher premiums than newer homes for a few reasons. Older systems and features, like roofs, pipes, siding, and wiring, are more likely to fail and cause property damage, whether from a major storm or plain old wear and tear.

Older homes are also constructed to dated regulations that no longer satisfy modern building codes, making them innately more prone to damage as they weren’t constructed with current hurricane and safety regulations in mind.

The final table shows average home insurance rates in Clermont on $450,000 houses, the most costly category of homes we analyze.

Cost of Homeowners Insurance on $450,000 House in Clermont
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $6,149 $4,451 $3,625
Citizens $3,684 $2,254 $2,617
Florida Penn $7,314 $5,629 $4,985
Liberty Mutual $4,430 $3,357 $3,718
People’s Trust $8,663 $6,165 $5,706
Southern Oak $10,499 $5,975 $3,614
State Farm $8,853 $5,860 $4,728
Stillwater $3,341 $1,984 $1,542
Universal Property $8,070 $3,458 $3,838
Average $8,764 $5,214 $4,866
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 Clermont, Florida

Stillwater and Citizens tended to have the cheapest homeowners insurance in Clermont. These companies had premiums that came in thousands lower than competitors at times, but you should wait until you get quotes to see exact price differences.

Rates vary due to many factors, and you can experience diverse premiums based on your location, home characteristics, and much more. Every policyholder is different.

Before undertaking your insurance search, you should know Citizens differs from the other carriers on our list. Citizens is a non-profit backed by the Florida state government. While their premiums are artificially lowered to provide an option for residents who can’t find coverage in the private market, their policies are less flexible, and their operations are in flux. 

Due to unforeseen difficulties in the Florida market, too many people have turned to Citizens in recent years, and the state is trying to shrink its number of policyholders. The company is offloading customers onto private carriers that can take them on. Try to keep Citizens as a backup option rather than a primary choice, if possible.

Clermont Homeowners Insurance Coverages

Your Clermont home insurance policy contains coverages for your property and liability generally divided into six sections as follows:

Clermont Homeowners Insurance Coverages
Coverage Definition
Dwelling Coverage Dwelling coverage covers your home’s structure and components, including the roof, walls, flooring, foundation, balconies, plumbing, and more.
Other Structures Coverage Other structures coverage covers fixtures on your property unattached to your main dwelling, such as fences, sheds, detached garages, carports, and pools.
Personal Property Coverage Personal property coverage covers your belongings if they’re damaged or stolen. Your insurer covers furniture, electronics, clothing, tools, art, jewelry, and more.
Loss of Use Coverage Loss of use coverage helps pay for living expenses you incur if your house is rendered uninhabitable after major damage. Your insurer can cover temporary lodging, groceries, and gas.
Liability Coverage Liability coverage covers your finances if you’ve been found liable for someone’s injury. Your carrier can cover medical bills and legal fees.
Medical Payments Coverage Medical payments coverage helps cover minor medical bills if someone is injured around your property, regardless of fault.

Your plan should contain these coverages regardless of which company provides the policy, as long as you choose an HO3 policy. The HO3 policy form is the most common type of homeowners insurance.

How to Get the Best Homeowners Insurance in Clermont, Florida

The best homeowners insurance in Clermont protects your property, possessions, and liability at an affordable rate. What this protection looks like will vary by person, so you need to understand your coverage needs and adjust your policy accordingly to suit your plan to your situation. You should also take some steps to save money.

Adjust Your Policy

You’re responsible for setting your policy limits when getting home insurance quotes. Changing your limits will change the cost of your plan, but you want to make sure that you’re policy covers you completely. 

We suggest you create a home inventory to list all your belongings and document their prices. The grand total is the precise amount of personal property coverage you need. You should also adjust your liability limits to cover your financial assets fully.

Insurers require at least $100,000 in liability coverage, but we recommend limits of $300,000 to $500,000 for most people. Raising your liability limits is relatively cheap compared to other areas of your policy, and you can go up to $1 million in coverage if needed.

You may also want to think about adding endorsements to your policy to fill possible coverage gaps. An endorsement is additional protection for areas or risks not included by default. You can get endorsements for high-value jewelry or art, water backup, and inflation protection, to name a few examples.

Save Some Money

Once you have your coverage needs satisfied, you can take some steps to save money. The best ways to save money on home insurance in Clermont are:

Discounts vary by company. You can qualify for discounts based on your home’s features, occupation status, organization membership, and more. Always ask about discounts that can apply to you when quoting.

You can also raise your policy’s deductible. Your deductible is the amount you must pay out of pocket after damage before your insurer picks up the rest of the tab. Common deductibles range from $500 to $2,000; choosing one on the higher end of the scale can lower your premiums. A higher deductible reduces the odds and amount the insurance company has to pay.

The most proven way to save money on insurance is by shopping around. By comparing rates from multiple carriers, you’ll see who has the coverage you need at the best price for you.

What to Know About Flood Insurance in Clermont

While conducting your insurance search, you may notice that no policy covers flooding. This is crucial to recognize. Flood damage is always excluded from homeowners insurance.

Floods are the country’s most common and costly natural disaster, so home insurers can’t afford to account for them in their policies. The largest flood insurance provider is the federal government through the National Flood Insurance Program (NFIP). The NFIP has been offering subsidized flood insurance since the 1960s.

Clermont homes, especially those close to lakes and bodies of water, are prone to flash flooding. Also, hurricanes and tropical storms can carry heavy rainfall across the state and dump it into central Florida, as evidenced by Hurricane Ian in 2022.

No property in Florida is totally safe from flooding. We encourage you to look into flood insurance to fully protect your home and belongings.

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?

Factors Affecting the Cost of Home Insurance in Clermont

Factors that increase the likelihood of a claim raise rates. Insurance companies examine many variables about you and your home to determine appropriate premiums, and properties more prone to claims have higher rates.

Factors that contribute to Clermont home insurance rates include:

  • Home age
  • Home features
  • Policy details
  • Claims history

Older houses tend to have higher premiums due to their outdated construction and components that compromise building integrity and have greater chances of failure or damage. Home features like high-end fixtures increase replacement costs. Attractive nuisances (such as trampolines and pools) also raise rates.

Having higher coverage limits and opting for endorsements will also increase your premiums. Alternatively, qualifying for discounts and raising your deductible will lower your rates.

You’ll also pay more for insurance if you or your property has a history of home insurance claims. An individual or house that experiences many claims represents a greater financial risk for the insurer. As a result, they’ll charge you more money.

Is Home Insurance Required in Clermont?

Homeowners insurance isn’t required in Clermont by law. However, insurance can be required by mortgage lenders.

Lenders often put hundreds of thousands of dollars down to help you purchase your home. Leaving such large investments unprotected would be unwise on their part. So, they require borrowers to maintain home insurance. If the house gets damaged or destroyed, the lender can recoup its money from the insurance policy payout.

If you pay off your mortgage or buy your home with cash, no one will require you to keep a policy, although we don’t recommend dropping your coverage ever.

How to Get Home Insurance Quotes in Clermont, Florida

Protect what matters most with the right policy. Getting multiple homeowners insurance quotes in Clermont is the best way to find the coverage you need at the price you want.

Check your options online using our proprietary quoting tool. You just need some basic information about yourself and your property, and you can see company rates in minutes.

As an independent insurance agency, we want to help as much as possible. If you want to quote over the phone, don’t hesitate to reach out to our licensed agents at 833-255-4117 during business hours. You can also email us at agent@clovered.com.

Our Clovered team is based in South Florida, so we’re very familiar with the difficulties of finding coverage in the state. Let us help you with your homeowners insurance quotes in Clermont today.

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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