Average Jupiter Home Insurance Rates by Company No, homeowners insurance isn’t required by any law in Jupiter or anywhere. However, it is a common requirement from mortgage lenders. If you have a mortgage, your lender will require you to have home insurance coverage for the life of the loan as a form of financial protection for them (and you).
Key Takeaways
- The average homeowners insurance cost in Jupiter is about $3,495 per year.
- Citizens, Slide, and Florida Peninsula had the cheapest home insurance in Jupiter, Florida, according to our agency data.
- The best way to save money on homeowners insurance is to shop around and compare several quotes with a Jupiter insurance agency.
The Average Cost of Homeowners Insurance in Jupiter, Florida
The average cost of home insurance in Jupiter is about $3,495 annually, or about 22% higher than the statewide Florida average of $2,857 per year.
Unfortunately, Florida is among the nation’s most expensive states for home insurance. Premiums are especially high in South Florida, where Jupiter is located, due to the region’s high property values and significant hurricane damage risk.
As an independent insurance agency based in South Florida, we’re very familiar with the insurance concerns of those in our community. Here are some average rates of our policyholders in Jupiter, so you can get a ballpark of what to expect when quoting.
|
Company |
Average Premium |
|---|---|
|
Citizens |
$2,125 |
|
Slide Insurance Company |
$2,261 |
|
Florida Peninsula |
$2,346 |
|
American Platinum |
$3,358 |
|
Olympus |
$7,988 |
|
Average |
$3,495 |
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.
Cheapest Home Insurance in Jupiter, Florida
Our policyholders found the cheapest homeowners insurance in Jupiter with Citizens and Slide. Citizens is a usual choice for affordable coverage, as it is the state-run insurer of last resort designed for people who are unable to find reasonably priced coverage in the standard market. You can only qualify for Citizens if you get three quotes from normal carriers that are over 20% of your Citizens’ quote.
Slide is one of several relatively new home insurance companies in Florida, established in the wake of legislative reforms in the early 2020s that relieved a period of massive instability in the Sunshine State’s insurance marketplace.
Rates vary due to many factors, and insurance almost always costs more the larger and older your home is. It’s tricky to estimate your exact rates before you get quotes. Also, you should always get multiple quotes before binding to find the best deal.
The Best Homeowners Insurance Companies in Jupiter, Florida
There is no singular “best” home insurance company in Jupiter, Florida. Coverage needs, budgetary constraints, rates, and policyholder preferences will influence each person’s decision. As an independent agency, we’re happy to present some options for you.
Average premiums are determined from our policyholder data. Financial strength is determined by each company’s ratings from Demotech, a leading insurance industry credit rating agency.
To gauge consumer satisfaction, we used the National Association of Insurance Commissioners’ complaint index, which compares a firm’s consumer complaint performance with other companies in the market. The default index number is 1.0, meaning a company with a complaint index of 2.0 has a complaint value twice as high as expected. So, for their scale, lower is better.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$2,125
Citizens Property Insurance Corporation is Florida’s state-run home insurer of last resort. It’s a non-profit entity that provides property insurance to state residents who are unable to obtain coverage in the traditional, private market.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$2,261
Slide Insurance Company was founded in 2021 and began operations offering home insurance in 2022. Available in Florida and South Carolina, the company currently has over 300,000 policyholders in the Sunshine State, making it one of Florida’s largest.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$2,346
Florida Peninsula Insurance Company was founded in 2005 and focuses on offering coverage in its namesake state. With over 150,000 policies in force in Florida, it just cracks the top ten list of Florida’s largest home insurers.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$3,358
American Platinum Insurance Company, founded in 2011, is a subsidiary of Universal Insurance Holdings, offering home insurance coverage in Florida and Georgia. Policies are available exclusively through independent agents at Clovered.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$7,988
Olympus Insurance Company has offered home insurance solely in Florida since its founding in 2007, with a general focus on higher-value homes and a count of over 70,000 policyholders.
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.
What Does Jupiter Homeowners Insurance Cover?
The coverages below break down the tangible and intangible portions of home insurance in Jupiter, Florida. But the coverages extend to more than just the aforementioned examples, and refer to damage or destruction caused by a multitude of perils.
Those perils, a fancy insurance word for an unexpected event, are things like hurricanes, tornadoes, fires, burglary, water damage and dog bites — some of the most commonly filed homeowners claims each year.
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage covers elements of your home, like its foundation, roof, flooring, or walls. In other words, if the structure of your home suffers damage from a covered peril, you may invoke this coverage, also called Coverage A. |
|
Other Structures Coverage |
Other structures coverage helps cover fixtures on your property, like your garage, carport, fence, shed, or pool. In short, if the structures on your property that aren’t attached to your main home are damaged by a covered peril, you may invoke this coverage, sometimes known as Coverage B. |
|
Personal Property Coverage |
Personal property coverage may cover your belongings, such as furniture, appliances, clothing, jewelry, and much more. Should your items be damaged by a covered peril, including theft, you may use this coverage, which may also be known as Coverage C. |
|
Loss of Use Coverage |
Loss of use coverage may help you out if your home becomes uninhabitable because of damage from a covered peril. This coverage, also known as Coverage D, may help you cover expenses for things like temporary housing, gasoline, groceries, and other necessities. |
|
Personal Liability Coverage |
Personal liability coverage may help protect your liability if a guest injures themself on your property or if you damage someone else’s property. It can help you cover medical bills or legal fees. It’s sometimes called Coverage E. |
|
Medical Payments Coverage |
Medical payments coverage can help you cover someone’s minor medical expenses, regardless of who was at fault for the injury. Insurers may also call this Coverage F. |
How to Get Home Insurance Quotes in Jupiter, Florida
With Clovered’s online quoting tool, getting cheaper Jupiter homeowners insurance is easier (and faster) than ever. Simply answer a few questions about your home, we’ll run some risk data and pull some fancy technical strings in the background, and then we’ll provide you with a few options that meet your coverage needs — and your budget.
And if you hit any snags during the process or just enjoy the comfort of talking to a real person, you can reach out to our team of licensed, in-house agents Monday through Friday from 8:30 a.m. to 6 p.m., by calling 833-255-4117. Or you can email them anytime at agent@clovered.com.
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.
Jupiter Home Insurance FAQs
Is homeowners insurance required in Jupiter, Florida?
What is wind mitigation in Jupiter, Florida?
Wind mitigation refers to home components relating to the roof, openings, and general building construction that increase your home’s ability to withstand strong winds. Homes with wind mitigation have lower premiums. You can get a wind mitigation inspection to see the wind mitigation discounts for which you qualify.
What factors affect Jupiter home insurance costs?
Factors that influence your home’s damage susceptibility or affect payout likelihood affect rates. Significant considerations include home age, size, location, and construction. Additionally, policy details like coverage amounts, endorsments, and deductibles influence premiums. Claims history and company strategy also play a role.
Do you need flood insurance in Jupiter, Florida?
You only need flood insurance in Jupiter if required by your mortgage lender, which will be the case if your home is in a high-risk flood zone as determined by the Federal Emergency Management Agency (FEMA). Homeowners insurance doesn’t cover flooding damage.
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?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
