Homeowners Insurance in North Port, Florida (2024)

While North Port’s population has grown considerably in recent years to include nearly 60,000 citizens, it holds a few unique distinctions for homeowners few other larger cities in the state can boast.

Firstly, its housing market hasn’t quite blown the roof off of the values and, for those who do own residences within the city limits, homeowners insurance in North Port is on par and sometimes much cheaper than Florida’s average. So let’s take a look at the numbers and then dive deeper into what’s covered.

On par with the state’s numbers, the average cost of homeowners insurance in North Port, Florida is $3,335 per year for a $150,000 house, $6,044 per year for a $300,000 house and $8,672 per year for a $450,000 house.

When you consider Florida is one of the most expensive states for homeowners insurance, due largely in part to the number of hurricane hits — at $3,335, $6,044, $8,672 per year for the same cost houses — that doesn’t sound like a bad deal.

But the news gets better. Depending on which home insurance company you choose, as well as a few other factors, you could get a policy for much less. Keep reading to figure out how you may be able to get the most affordable policy possible.

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.

Those numbers can shrink even more if your home falls into the right categories. The first category is homes that were built from 2001 to the present day. Houses in this category were built stronger to withstand high-force hurricane and tropical storm winds, causing less damage that results in fewer home insurance claims. The fewer claims, the cheaper insurance premiums are for everyone in the state.

The second category applies to houses built before 2001. If your home was built before 2001, you may not experience the same quality of build that withstands heavy winds, but there are a few upgrades you can make to combat wind damage from hurricanes.

Let’s check out how insurers define the categories a home can fall into when they determine premiums, factoring in wind mitigation.

The cheaper option is to install impact-resistant windows and doors, which will help you save some money. But the more expensive option, which results in much more savings, is to install a hip roof on your home. Hip roofs help direct the wind away from your home, which results in less damage.

After making those upgrades to a pre-2001 home, you’ll need to get a wind mitigation inspection done and prove to your insurer that you’ve made the necessary upgrades. After you’ve done so, you can experience rates as low — or lower — than the ones represented below.

If your house falls into one of the two aforementioned categories, your average yearly premium could drop well below $2,500 per year.

Even though homeowners insurance rates can be decreased drastically for homeowners in those two categories, you may have some trouble finding a property in North Port for $150,000 per year. So we broke down the average cost of premiums for $300,000 and $450,000 houses.

While your premiums may be based on your claims history, coverage amounts and your home’s location and crime in the area, your policy will come with the same coverage no matter which company you choose.

From weather-related perils like hurricanes, tornadoes and torrential rains to unexpected disasters like house fires, burglaries and even dog bites, homeowners insurance in North Port, Florida covers those and a multitude of other perils.

Coverage A helps cover elements of your home, such as the foundation, roof, walls, doors, and windows. Essentially, it protects the structure of your home, hence its other name, dwelling coverage.

Coverage B may protect components of your property that aren’t attached to your main home, like your shed, fence, garage, carport, or even your pool. In short, it protects the structures on your property that aren’t your main home. Thus, its other name is other structures coverage.

Coverage C may cover damage to the personal belongings you store on your property. It can cover items like your grill, antique armchair, computer, and more. Its other name is personal property coverage. 

Coverage D can help you cover unforeseen living expenses like temporary housing or groceries if your home is rendered uninhabitable due to damage from a covered peril. Its other name, loss of use coverage, is pretty self-explanatory for its usage.

Coverage E may help you cover expenses if you’re considered liable for damage to someone else’s property or a guest’s injuries on your property. It can help you cover medical expenses or legal fees. It’s also called personal liability coverage.

Coverage F may be used to cover a guest’s medical expenses after a minor injury on your property, like a broken wrist or a cut that required stitches. It’s also referred to as medical payments coverage. 

North Port is only a few feet above sea level and it’s surrounded by water. That means flooding is a major concern for the city’s residents. Unfortunately, flood damage isn’t covered by homeowners insurance. To get adequate coverage, you’ll need to purchase a separate flood insurance policy, which we can help you with as well!

With our easy to use flood insurance form, getting a quote for flood insurance is easier than ever. Just fill out a few details about your home and one of our licensed in-house agents will get back to you the perfect policy from either one of our private flood insurance partners or a policy from FEMA’s National Flood Insurance Program.

All you need to do to get the best insurance company on your side is get a quote with Clovered. Simply answer a few questions about your home in our online quoting tool and we’ll customize a policy that meets your needs — and your budget.

If you’d just like to chat with a real person, you can also contact one of our many licensed agents from 8:30 a.m. to 6 p.m. Monday through Friday at 833-255-4117 or email them anytime at [email protected].