Homeowners Insurance in Fleming Island, Florida

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  • Homeowners Insurance in Fleming Island, Florida

The residential community of Fleming Island, just south of Jacksonville, serves as a great riverside alcove close enough to reap the benefits of the city while maintaining privacy and charm.

Homeowners in Fleming Island need the right insurance coverage to protect their treasured properties. Finding the right coverage isn’t always easy in Florida, so we made this guide to help residents with their insurance search.

Read on to learn average rates, cost factors, and more for help finding the best homeowners insurance in Fleming Island.

How Much Is Homeowners Insurance in Fleming Island, Florida?

The average cost of homeowners insurance in Fleming Island is about $1,999 on a $150,000 home, $3,571 on a $300,000 home, and $5,144 on a $450,000 home.

While Florida ranks among the most expensive states in the country for home insurance, premiums in Fleming Island are well below the state average. Average homeowners insurance rates in Clay County are nearly 35% under the state average.

Since Fleming Island is in northern Florida and inland from the coast, it’s generally shielded from hurricane damage, which helps lower insurance rates. Carriers in Florida charge higher premiums to properties closer to the beach, where the risk of wind and water damage is more significant.

In the table below, we broke down Fleming Island insurance rates from nine common companies and classified them by home value, one of the main factors in insurance costs.

Average Cost of Homeowners Insurance in Fleming Island
Company $150,000 House $300,000 House $450,000 House
Allstate $1,405 $2,510 $3,616
Citizens $897 $1,599 $2,303
Florida Penn $1,590 $2,839 $4,089
Liberty Mutual $1,436 $2,558 $3,683
People’s Trust $1,817 $3,243 $4,672
Southern Oak $2,374 $4,245 $6,118
State Farm $1,843 $3,293 $4,745
Stillwater $732 $1,309 $1,887
Universal Property $1,355 $2,421 $3,489
Average $1,999 $3,571 $5,144
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We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

Rates vary considerably by company, but you’ll notice that premiums climb across the board as home value increases. Larger, more expensive homes always cost more to insure. This is because insurers calculate home value through replacement cost, which is the cost to rebuild the dwelling based on construction and materials expenses.

Bigger, more high-end houses cost more to build, thus requiring more insurance. For example, a three-story mansion with granite countertops and lavish fixtures would cost more to replace after hurricane damage than a simple, basic starter home.

Replacement cost isn’t the only factor that dictates Fleming Island home insurance premiums. Many factors affect rates. For a more detailed understanding of premiums, we analyzed the effects of two more critical factors, home age and wind mitigation, for houses at each price point.

The table below shows how these considerations influence premiums on $150,000 homes in Fleming Island.

Cost of Homeowners Insurance on $150,000 House in Fleming Island
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $1,669 $1,397 $1,150
Citizens $1,017 $814 $859
Florida Penn $1,912 $1,500 $1,358
Liberty Mutual $1,536 $1,288 $1,483
People’s Trust $2,165 $1,738 $1,547
Southern Oak $3,263 $2,264 $1,594
State Farm $2,496 $1,663 $1,369
Stillwater $1,001 $683 $513
Universal Property $981 $525 $570
Average $2,702 $1,667 $1,628

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. 

As you can see, wind mitigation lowers rates substantially. On average, it reduced premiums on $150,000 homes by nearly $1,000 annually. Wind mitigation slashes insurance rates because it lessens the chances of damage from hurricane-force winds, which lowers the financial risk of companies insuring you. They prefer homes that can withstand hurricane damage.

The effects become even more pronounced as home values rise, which is evident below $300,000 houses in Fleming Island.

Cost of Homeowners Insurance on $300,000 House in Fleming Island
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $3,004 $2,515 $2,011
Citizens $1,831 $1,465 $1,502
Florida Penn $3,442 $2,700 $2,374
Liberty Mutual $2,765 $2,318 $2,592
People’s Trust $3,897 $3,128 $2,704
Southern Oak $5,873 $4,075 $2,786
State Farm $4,493 $2,993 $2,393
Stillwater $1,802 $1,229 $897
Universal Property $1,766 $945 $996
Average $4,864 $3,001 $2,847

Wind mitigation lowers Fleming Island home insurance rates by 38% annually, potentially amounting to thousands in savings yearly, depending on your home value.

Additionally, older houses almost always have higher premiums than newer houses due to their deficient construction and components. Wear and tear and outdated construction methods compromise a dwelling’s ability to withstand hurricanes and increase the chances of property damage.

Florida has strict building codes to ensure the integrity of a structure in case of a hurricane. Older houses don’t always meet these standards, making them more prone to hurricanes and riskier to insure, which raises their insurance rates.

Also, old roofs, pipes, siding, wiring, and more can fail over time, increasing the odds of property damage. Insurers typically ask about these components when quoting and charge higher premiums to offset possible issues with old elements.

The final table lists average Fleming Island insurance rates for $450,000 houses.

Cost of Homeowners Insurance on $450,000 House in Fleming Island
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $4,339 $3,632 $2,876
Citizens $2,644 $2,116 $2,148
Florida Penn $4,971 $3,900 $3,395
Liberty Mutual $3,994 $3,349 $3,707
People’s Trust $5,629 $4,519 $3,867
Southern Oak $8,484 $5,886 $3,984
State Farm $6,490 $4,324 $3,422
Stillwater $2,603 $1,776 $1,283
Universal Property $2,551 $1,365 $1,424
Average $7,025 $4,335 $4,071
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 Cheap Homeowners Insurance in Fleming Island

Stillwater and Citizens generally had the cheapest homeowners insurance in Fleming Island, while Universal Property & Casualty had the lowest rates in many cases on homes with wind mitigation.

Stillwater Insurance Group was founded in Jacksonville in 2000, making it a popular insurer in Fleming Island. Citizens is also Florida-based, but it differs from every other company listed in that it’s a non-profit insurer run by the Florida state government.

The state legislature originally established citizens to provide a last-resort option for residents who couldn’t find coverage in the private market. Unfortunately, in the last few years, more people have had to turn to Citizens than ever anticipated due to the many rate increases and company closures in Florida.

Citizens offers lower policy limits and less flexibility than standard companies. And, due to their excessive number of policyholders, the entity is trying to offload customers onto other private insurers. So, if you choose Citizens now, your policy may be transferred in the near future.

Universal Property & Casualty is the largest private insurer in Florida and serves over a million policyholders in the state. Their rates dropped steeply to the lowest on our list on newly built and wind-mitigated houses. With much of their business concentrated in Florida, you can see why these conditions are so important to them to minimize the chances of hurricane losses.

Rates vary by person, policyholder, and location. Although a company may have affordable coverage on average, you won’t truly know which carrier has cheap homeowners insurance in Fleming Island until you compare quotes. You should always shop around and compare rates to find the provider with the most affordable coverage for your situation.

Fleming Island Homeowners Insurance Coverages

All homeowners insurance policies contain the same core coverage areas, divided into six sections as follows:

Fleming Island Homeowners Insurance Coverages
Coverage Definition
Dwelling Coverage Dwelling coverage covers your home’s physical structure, including the roof, walls, floors, pipes, and more, from covered perils.
Other Structures Coverage Other structures coverage covers fixtures on your property unattached to the main house, such as fences, pools, detached garages, sheds, and carports.
Personal Property Coverage Personal property coverage covers your belongings, including furniture, clothing, electronics, and jewelry, from theft and damage.
Loss of Use Coverage Loss of use coverage covers living expenses you’d incur if covered damage renders your home uninhabitable. Your insurer can cover temporary hotel stays, groceries, and gas while you’re displaced.
Liability Coverage Liability coverage covers medical bills and legal fees if you’re found legally responsible for someone’s injuries.
Medical Payments Coverage Medical payments coverage covers minor medical expenses if someone is hurt around your property, regardless of fault. 

How to Get the Best Homeowners Insurance in Fleming Island

The best homeowners insurance in Fleming Island will cover your property and liability at a price you can afford. Recommending an outright best provider or policy is difficult since every person will have different coverage needs and budgets.

Instead, we suggest understanding how your coverage works so you can adjust it to suit your property, regardless of carrier. We also recommend always shopping around for the best rates while looking for discounts and keeping your deductible in mind.

Customize Your Coverage

Each of the six coverage areas in your policy has maximum possible payouts or limits in case of an insurance claim. Providers will estimate coverage limits when quoting based on the information you provide, but you can change these suggested amounts to prevent yourself from underinsuring and overpaying for a policy.

Companies require your dwelling limit to be at least 80% of your home’s replacement cost, but you can adjust this limit up to 100% of your home value to cover a full rebuild in a worst-case scenario. You can also conduct a home inventory to catalog your belongings and their values. The total cost of your possessions is the exact amount of personal property coverage you need.

Your policy protects your home and belongings from over a dozen possible damage sources called perils. Commonly covered perils include theft, hurricanes, and fires. However, you can suffer damage that isn’t covered by default. 

You can purchase endorsements to minimize your risk and protect aspects of your property not covered by default. Endorsements are optional coverage packages. Endorsements vary by company, but some common ones include:

Take Steps to Save

Once you know what you need in your Fleming Island home insurance plan, you can take certain steps to save money. We always recommend getting quotes from multiple providers to find the best rates. You can also compare the cost of endorsements and measure the extent of discounts.

Discounts may also vary by company, but you might find more savings at one carrier than another. When quoting, always ask about available discounts and how you can qualify.

Another quick and easy way to lower your monthly premiums is by raising your deductible. Your deductible is the amount of money you must pay in an insurance claim before your carrier picks up the rest of the bill. Think of it as your financial responsibility for the damage.

Deductibles normally range from $500 to $2,000. You pick your deductible when quoting. Choosing a deductible on the higher end of the range lowers your insurance company’s payouts during a claim, which lessens your risk profile to them and reduces your premiums. 

Weigh your budget with possible deductibles to ensure you’re not choosing one that’s too high – or else you risk never being able to file a claim because your out-of-pocket expense is too steep.

What to Know About Flood Insurance in Fleming Island

Even the best home insurance policies always exclude flood damage. Floods are the nation’s most common and costly natural disasters, and home insurers can’t afford to cover them in their policies.

You need a separate flood insurance policy if you want protection from floods, including coastal erosion, mudslides, and flash flooding from heavy rain.

Although Fleming Island is far from the Atlantic Coast, storm surges are still a possibility due to the abundant water around the community. Properties on Black Creek, Doctors Lake, and the St. John’s River in Hibernia may be at increased risk of storm surge and coastal flooding damage.

Anywhere it can rain, it can flood. The Federal Emergency Management Agency (FEMA) reports that just one inch of floodwaters in your home can cause over $20,000 in damages.

The National Flood Insurance Program, administered by FEMA, is the largest flood insurer in the nation by far, but the private flood insurance market is growing by the year. Consider your options for flood insurance in Fleming Island sooner rather than later. Don’t wait until after a flood to purchase a policy.

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 Fleming Island, Florida

The average cost of home insurance in Fleming Island ranges from $1,999 to $5,144 annually. Many factors affect where you fall in this range, as insurers analyze several aspects of your property and policy.

Some of the most significant factors influencing home insurance in Fleming Island are:

  • Home age
  • Home construction and features
  • Policy deductible
  • Claims history

When quoting, companies will ask you about your home’s age and size, as larger and older homes typically need more insurance coverage. Wear and tear and possible older components in old houses often raise insurance rates.

Carriers will also assess many aspects of your home’s construction, from the foundation to the roof. Insurers prefer some roof types over others. For example, metal roofs can lower insurance premiums notably. Companies generally prefer newer roofs over old roofs.

Features on your property can also impact rates. Providers usually ask if you have any attractive nuisances, such as pools or trampolines. These items increase your liability risk and often raise rates. Companies may also ask if you own historically aggressive dog breeds, like pit bulls, for the same reason.

Your policy details also influence rates. Raising your deductible will lower premiums. Opting for higher coverage limits and endorsements will raise rates. Companies will also note your claims history. People or properties with a history of filed claims are riskier to insure and typically pay more for insurance.

Is Home Insurance Required in Fleming Island?

Homeowners insurance isn’t mandated by law in Fleming Island, but mortgage lenders make it a requirement when financing a house.

Lenders require home insurance as part of the home loan process. This protects their investments as they likely put down hundreds of thousands to help you purchase your home. The insurance policy will reimburse you and your lender if the house gets damaged or destroyed.

If you don’t find your own coverage or let your policy lapse, your lender will force place insurance on you. Force-placed insurance is more expensive and less helpful than standard insurance you find on your own. It’s not in your best interest, so we always recommend securing your own policy.

How to Get Home Insurance Quotes in Fleming Island

It’s crucial you shop around for homeowners insurance quotes in Fleming Island. Conducting a proper search will take some time and effort. If you want help to ensure you’re finding the right insurance coverage, consult our team at Clovered.

Clovered is an independent insurance agency based in Fort Lauderdale. Our years of experience in the Florida market with all types of property insurance can assure you that we’ve got your back. We partner with some of the state’s top insurers to bring you the coverage you need at the price you want.

Chat with one of our licensed agents for a Fleming Island home insurance quote by calling 833-255-4117 during business hours. 

Or, if you’d rather quote on your own time, use our online quoting tool to compare available rates and policies. We’re always on standby via live chat if you need help, or you can email us at agent@clovered.com with any questions.

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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