Homeowners Insurance in Lakeland, Florida (2024)

With people moving to the city in droves and its unique location near the Gulf Coast, getting homeowners insurance in Lakeland, Florida is extremely important in order to protect your property, personal belongings and much more.

Let’s take a look at what a Lakeland home insurance policy covers, where to get the best one and how much you can expect it to cost.

Homeowners in Lakeland can expect to pay about $2,981 per year for a homeowners insurance policy on a house valued at $150,000, $5,398 on a house worth $300,000 and $7,747 on a house worth $450,000.

Seeing how Florida is among the most expensive states in the nation for homeowners insurance, Lakeland residents enjoy a decent discount due to its location inland and away from the brunt force of hurricane winds.

The amount you pay for Lakeland home insurance is determined by a variety of factors, including the company you choose, your claims history, coverage amounts, deductibles, insurance score and your home’s location and crime in the area. But let’s take a look at what you can expect to pay from some of the city’s top insurance companies.

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.

Aside from all the aforementioned factors, two of the biggest insurance rate factors are the year your home was built and whether or not you’ve taken proper steps to protect your home from heavy winds, which will get you a deep wind mitigation discount on your policy.

Prior to 2001, the Sunshine State had more relaxed building codes, which led to significant hurricane damage and costly claims for insurers. But the state updated its building codes in 2001 to mandate the proper protection from hurricane-force winds.

Those new building codes required construction companies to build homes with impact-resistant windows and doors and many other factors that have helped decrease the damage from hurricanes. So let’s dive deeper and get more granular with the average prices you can expect to pay for homeowners insurance in Lakeland, Florida.

As you can see, homeowners with houses built before 2001 and had a wind mitigation inspection can expect to pay nearly $1,500 less per year than their counterparts with similar homes and no wind mitigation.

But let’s face it. Lakeland is growing at a rapid rate and housing prices are increasing substantially. So it may be tough to find a house within the city limits for $150,000 or less. Let’s take a look at what you can expect to pay for a $300,000 house and a $450,000 house.

Your home insurance in Lakeland covers you from a multitude of perils, including hurricanes, tornadoes, house fires, torrential rains, other water damage, burglaries, dog bites and so much more. But it doesn’t just protect your house. Your policy also protects your personal belongings and your financial future if an accident were to occur on your property and you’re found liable.

Let’s take a look at the six different coverage types you’ll receive with a homeowners insurance policy from Clovered and detail some examples of what’s covered.

As an insurance agency licensed to operate in Lakeland and the entire state of Florida, Clovered has teamed up with the state’s top insurance companies so we can always provide you the best policy at the best rates.

A few of our partners in Lakeland include Citizens, Universal Property & Casualty Insurance Company, Safeco, and People’s Trust, which are some of the best and most affordable insurance companies in Lakeland.

For a $150,000 house inside the city limits, your yearly homeowners insurance premiums may be the cheapest with Tower Hill at just over $1,250, then Citizens at $1,390, and then Safeco at just under $2,200.

However, Citizens is a state-run insurer, so its prices are usually the lowest in the state due to the limited number of homes that qualify for it. Private companies like Safeco and Tower Hill are excellent options for affordable coverage in Lakeland.

Given its name and the number of lakes inside the city limits, it likely doesn’t come as a surprise to find out that Lakeland is prone to flooding. Much of the city lies in moderate-risk flood zones, but some areas are at a high-risk for flooding.

Homeowners insurance doesn’t cover flooding anywhere in the country. For coverage, every homeowner in the United States would need to purchase a flood insurance policy, which runs for a fraction of the cost of homeowners insurance in Florida.

A flood insurance policy from Clovered may run you as little as $400 per year for coverage on a $300,000 house. That coverage protects your home’s structure, your personal belongings and even additional living expenses if floodwaters force you out of your home while it’s being repaired.

When you consider that just 1 inch of floodwaters can cause up to $25,000 in damage and that floods are the most common natural disaster in the world, investing in a flood insurance policy is well worth it.

At Clovered, we’ve partnered with the state’s top insurance companies and developed an online quoting tool to provide every person with quality homeowners insurance at an affordable price. Our ability to quote multiple prices at the same time means you can get a quote in just a few minutes and get back to living your life.

Simply answer a few questions about your home, we’ll quickly run the data and pair you with a policy that includes the coverage you need — and none that you don’t — at an affordable price.

You can also contact our licensed, in-house agents by phone Monday through Friday from 8:30 a.m. to 6 p.m. at 833-255-4117 or drop us an email anytime at [email protected].