Homeowners Insurance in Deland, Florida

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  • Homeowners Insurance in Deland, Florida

Deland’s inland location in Florida means the town is at least partially shielded from the brunt of hurricanes that come from either coast, but it can still feel their effects. The town can also experience tornadoes.

Homeowners in Deland need the right homeowners insurance to protect their properties from Mother Nature and whatever else life may bring, from theft to electrical fires and more.

Read this guide for tips and details you should know to find the best homeowners insurance in Deland.

How Much Is Homeowners Insurance in Deland, Florida?

The average cost of homeowners insurance in Deland is $2,416 annually on a $150,000 house, $4,317 on a $300,000 house, and $6,220 on a $450,000 house, although your exact cost may vary from these averages due to a few factors.

Florida homeowners insurance rates are among the nation’s highest thanks to soaring property values, the continuous threat of hurricanes, and more.

The table below lists the average rates of some popular home insurance companies in Deland for houses at three different price points.

Average Cost of Homeowners Insurance in Deland 
Company $150,000 House $300,000 House $450,000 House
Allstate $1,533 $2,739 $3,947
Citizens $1,273 $2,272 $3,271
Florida Penn $2,260 $4,036 $5,814
Liberty Mutual $1,882 $3,357 $4,833
People’s Trust $2,482 $4,433 $6,386
Southern Oak $3,038 $5,441 $7,846
State Farm $2,248 $4,018 $5,790
Stillwater $1,094 $1,957 $2,821
Universal Property $2,615 $4,674 $6,736
Average $2,416 $4,317 $6,220
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.

When discussing these home values, it’s important to realize that insurers don’t usually use the market value of your home as a reference point. Instead, they examine your house’s replacement cost, the amount it would take to rebuild your property, accounting for materials and labor only. Generally, the higher your home’s replacement cost, the more insurance will cost for the property.

On top of home value, home age and wind mitigation are two additional factors that influence insurance rates. Older homes tend to have higher premiums since their components are worn and less resistant to storm damage. When outdated, some components, such as pipes, wiring, and water heaters, can also be much more prone to causing property damage, which insurance companies don’t like.

Wind mitigation can positively influence rates. Insurers are legally required to discount premiums for homeowners who proactively prepare their houses to withstand strong winds, like those from hurricanes and tropical storms.

Read below to examine the effects of home age and wind mitigation on houses in Deland for a more complete picture of the homeowners insurance market.

Cost of Homeowners Insurance on $150,000 House in Deland 
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $2,095 $1,354 $1,150
Citizens $1,822 $855 $1,142
Florida Penn $3,038 $1,920 $1,821
Liberty Mutual $2,304 $1,552 $1,790
People’s Trust $3,491 $1,937 $2,018
Southern Oak $4,866 $2,630 $1,619
State Farm $3,223 $1,876 $1,645
Stillwater $1,671 $909 $702
Universal Property $4,329 $1,614 $1,902
Average $3,542 $1,872 $1,834

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 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. 

As you can see, newer homes and homes with wind mitigation have much lower premiums. Having wind mitigation on an older house decreased average premiums by about 47%.

The trend continues for home insurance companies in Deland when covering $300,000 homes.

Cost of Homeowners Insurance on $300,000 House in Deland 
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $3,771 $2,437 $2,010
Citizens $3,280 $1,539 $1,996
Florida Penn $5,468 $3,456 $3,183
Liberty Mutual $4,147 $2,794 $3,129
People’s Trust $6,284 $3,487 $3,528
Southern Oak $8,759 $4,734 $2,830
State Farm $5,801 $3,377 $2,876
Stillwater $3,008 $1,636 $1,228
Universal Property $7,792 $2,905 $3,325
Average $6,375 $3,369 $3,206

Although average premiums increase as home value increases, you can still save significantly with wind mitigation. 

The final table below lists average homeowners insurance in Deland for $450,000 homes.

Cost of Homeowners Insurance on $450,000 House in Deland 
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $5,447 $3,520 $2,874
Citizens $4,737 $2,223 $2,854
Florida Penn $7,899 $4,992 $4,552
Liberty Mutual $5,990 $4,035 $4,474
People’s Trust $9,077 $5,036 $5,045
Southern Oak $12,652 $6,838 $4,047
State Farm $8,380 $4,878 $4,113
Stillwater $4,345 $2,363 $1,756
Universal Property $11,255 $4,196 $4,755
Average $9,209 $4,867 $4,584
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 Deland

Allstate, Citizens, and Stillwater had the cheapest homeowners insurance in Deland in most instances. You may still be able to find cheap coverage from any of the insurers we analyzed, as premiums depend on your specific circumstances.

While price is a primary concern for most people, remember that the “cheapest” insurance isn’t always the best option. It’s important to balance cost with the coverage and service you’ll receive. Also, insurance rates can change over time, so what’s affordable today might not be the same in the future. 

You should review your coverage periodically to ensure it still satisfies your needs and shop around to see if you can save money by switching.

Deland Homeowners Insurance Coverages

While rates vary by provider, the default coverage you receive in a policy doesn’t usually change. The HO3 form, the most common type of homeowners insurance policy, contains the following coverages:

Deland Homeowners Insurance Coverages
Coverage Definition
Dwelling Coverage Dwelling coverage in a homeowners insurance plan covers your home’s structure and permanent fixtures, such as the roof, flooring, walls, windows, patios, pipes, water heater, and more. 
Other Structures Coverage Other structures coverage financially protects features on your property not attached to the main house, including fences, sheds, pools, carports, detached garages, and more.
Personal Property Coverage Personal property coverage guards your belongings, such as electronics, furniture, clothing, bicycles, jewelry, tools, and more, from theft and covered damage.
Loss of Use Coverage Loss of use coverage helps cover living expenses you’d incur when forced to move out of your house after major property damage. Your insurer can reimburse you for temporary lodging, food, and fuel.
Liability Coverage Liability coverage helps cover you financially if someone suffers an injury at your property and pursues you for damage. Your insurance company can cover associated medical bills and legal fees.
Medical Payments Coverage Medical payments coverage is meant to cover minor injuries someone suffers without the need for legal liability.

How to Get the Best Homeowners Insurance in Deland

The best homeowners insurance in Deland will sufficiently cover you and your property at a price you can afford. What this looks like will vary by person and carrier. You should identify your coverage needs and shop around to find the best coverage.

Identify Coverage Needs

You decide many of the coverage limits of your policy when you’re getting your quotes. Dwelling coverage is fairly set in stone based on the insurer’s value determination of your home, but you usually have a lot of discretion for your personal property and liability limits.

We recommend creating a home inventory list to value your personal belongings. The number you come up with is a precise number you should set for your personal property coverage limit. You should also determine whether you want your items covered at actual cash value or replacement cost.

Insurers usually require at least $100,000 in liability coverage, but most will recommend opting for more. Raising your liability limits is relatively affordable compared to raising other limits in your policy, so it’s never a bad idea to opt for more, especially if you have large dogs or attractive nuisances at your property. 

Seek Discounts

Some ways to save money on the best home insurance in Deland, Florida, include:


When quoting, ask the provider what discounts you may qualify for to lower your premiums. Some relate to your property, such as a home security or new construction discount. Others may be personal, such as a retiree or military veteran discount. You may also cut premiums by bundling, if possible.

Adjusting your deductible can lower your premiums. A deductible is the amount of money damage must exceed when you file an insurance claim before your insurer picks up the rest of the tab. Choosing a higher deductible makes you responsible for more damage out of your own pocket before your carrier can step in. Subsequently, this means your insurer would have to pay less during a claim. They like this, and companies reward policyholders who choose high deductibles with lower premiums.

While not a discount per se, shopping around is a surefire way to find savings on your homeowners insurance also. By comparing plans from several providers, you can see who has the cheapest coverage for your circumstances.

What to Know About Deland Flood Insurance

In Florida, the two biggest threats to property are hurricanes and floods. While most policies cover wind and debris damage from hurricanes, homeowners insurance never covers flood damage.

Floods can come about from coastal erosion, mudslides, and heavy rains. Storm surges during hurricanes are also considered flood damage. You must pay for any damage these instances cause to your property out of your own pocket unless you purchase flood insurance in Deland.

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?

What Affects the Cost of Home Insurance in Deland, Florida?

In addition to home value, home age, and wind mitigation that we discussed earlier, some of the most significant factors affecting property risk and insurance premiums include:

  • Home location
  • Home construction
  • Policy details
  • Claims history

Your location can make your home riskier or safer to insure. For instance, homes in high-crime neighborhoods are more likely to suffer theft or vandalism, which will likely raise your premiums. Insurers will note if you’re in a flood zone or any area with an increased likelihood or history of claims.

The materials your house was built with also influence premiums. Masonry homes (made from brick or concrete) are more resistant to wind and fire damage. As a result, they often have lower premiums than frame houses in the same area, although it also depends on replacement costs.

Naturally, your policy details dictate your premiums. Plans with higher coverage limits will cost more. Adding endorsements to your policy also costs extra. Raising or lowering your deductible can change your premiums, too.

And, having a history of filing claims can raise your premiums. When quoting, insurers usually ask if you’ve filed any claims in the past three to five years. Insurers believe someone who has filed multiple claims in the recent past is more likely to file again. This can raise rates.

Is Home Insurance Required in Deland?

While homeowners insurance isn’t required by law in Deland, mortgage lenders can stipulate that property owners get and maintain coverage.

When you purchase a home with a mortgage, your lender has a say in some conditions of your home’s finances. To protect their investment, a lender will require you to maintain home insurance for the life of the loan. Thus, if the house gets destroyed, you and your lender can recoup the money you’ve invested through the insurance company.

If you don’t keep coverage, your lender can force-place insurance on you. Force-placed insurance is more expensive and less comprehensive than a policy you can find on your own, so be sure to find a good plan and not miss insurance payments.

How to Get Home Insurance Quotes in Deland

We’ve emphasized the importance of getting several quotes when looking for coverage. To make the process of finding the right policy easier, turn to Clovered for help with your Deland homeowners insurance quotes.

We’re an independent insurance agency headquartered in South Florida. We’re very familiar with the potential difficulties of finding affordable coverage in the state, and we have several ways to help.

Our quoting platform can help you get Deland home insurance quotes online whenever you need. You can also give our team a call at 833-255-4117 during business hours, and one of our licensed agents would be happy to help you find coverage. Feel free to email us, too, at agent@clovered.com with any questions.

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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