Average Annual Rates for Home Insurance in Ocala No, a homeowners insurance policy isn’t required for all homeowners by law in Ocala or anywhere. However, getting and maintaining a policy is a requirement for mortgage lenders for all borrowers for a mortgaged property. If you have a mortgage, you’ll need home insurance.
Key Takeaways
- The average cost of homeowners insurance in Ocala, Florida, is about $1,805 yearly, which is below average in Florida.
- Monarch National, People’s Trust, and Florida Peninsula have the cheapest home insurance in Ocala, according to our agency data.
- The best way to save money on coverage is to shop around with an insurance agency in Ocala, Florida.
Average Cost of Home Insurance in Ocala, Florida
The average cost of Ocala home insurance is about $1,805 annually, or about 37% below Florida’s state average of about $2,857 per year.
A major reason for the lower cost is the city’s distance from the coast. Ocala’s inland location means it’s less susceptible to severe weather hazards like tropical storms and hurricanes, which drive up rates near the coast and across Florida overall.
As independent insurance agents in Ocala, Florida, we can list average rates from our policyholders in the city to help you understand what to expect when you’re seeking coverage.
|
Company |
Average Premium |
|---|---|
|
Monarch National |
$1,037 |
|
People’s Trust |
$1,443 |
|
Florida Peninsula |
$1,962 |
|
Slide Insurance Company |
$2,126 |
|
Southern Oak Insurance Company |
$2,156 |
|
Edison |
$2,164 |
|
Mangrove Property Insurance |
$2,204 |
|
Olympus |
$2,258 |
|
Citizens |
$2,373 |
|
American Platinum |
$2,651 |
|
Swyfft |
$3,921 |
|
Average |
$1,805 |
Cheapest Homeowners Insurance in Ocala, Florida
Monarch National had the cheapest home insurance in Ocala for our policyholders. Monarch National has been providing Floridians with home insurance at competitive rates since 2015. In 2022, the insurer Federated National (FedNat) became insolvent, and Monarch assumed its policies. Monarch now insures over 80,000 Floridians.
People’s Trust and Florida Peninsula may also be pathways to cheap house insurance in Ocala, Florida, as they had affordable rates in our data. A notable carrier from our list is Citizens, the state-run insurer of last resort. Citizens often has among the lowest rates in any Florida city because the government subsidizes its premiums. However, its lower position on our list in Ocala could signal a healthy insurance marketplace in the area, which is good for consumers who can take advantage of price differences among carriers.
The Best Homeowners Insurance Companies in Ocala, Florida
The best insurance company in Ocala is somewhat of a personal choice, as property coverage needs differ and people’s preferences for a carrier may depend on rates, coverage options, customer service, and more.
The best way to find the right insurer is to shop around with an Ocala insurance agency. We want to present some options to you so you’re aware of what’s available.
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.
Monarch National
Demotech Rating
A
NAIC Complaint Index
0.60
Average Premium
$1,037
Monarch National has been serving Floridians with a variety of home insurance options since 2015. It was once a subsidiary of the now-defunct Fednat Insurance Company and assumed many of its policies upon Fednat’s liquidation in 2022.
People’s Trust
Demotech Rating
A
NAIC Complaint Index
1.44
Average Premium
$1,443
People’s Trust Insurance Company was established in 2008 and offers home insurance exclusively in Florida. The company prides itself on its business model, which differs from most carriers in that it retains a network of preferred contractors for claims.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$1,962
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.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$2,126
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.
Southern Oak Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.20
Average Premium
$2,156
Southern Oak Insurance Company is a private home insurer that has been providing coverage to state residents since 2004. Its policies are primarily available only in Florida through a statewide network of independent agents, such as Clovered.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$2,164
Established in 2006, Edison Insurance Company offers home insurance primarily in Florida through independent agents, like our team at Clovered. It was acquired by Florida Peninsula Insurance Company in 2010, although it still has its own book of business.
Mangrove Property Insurance
Demotech Rating
A
NAIC Complaint Index
0.00
Average Premium
$2,204
Mangrove Property Insurance Company was founded in 2025 in Florida and offers home insurance coverage only in the Sunshine State. It is distributed through independent agents.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$2,258
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.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$2,373
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.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$2,651
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.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$3,921
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
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.
Ocala, Florida, Homeowners Insurance Coverages
If you use Clovered to purchase homeowners insurance in Ocala, you’re buying protection from over a dozen perils, including theft, fire, wind damage, and more. And your coverage extends beyond just the structure of your house. A policy incorporates several important aspects of your property and more:
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage financially protects your home’s physical structure and components, like the roof, walls, flooring, patios, pipes, wiring, and more. |
|
Other Structures Coverage |
Other structures coverage guards features on your property that aren’t attached to the main house, such as fences, sheds, carports, and detached garages. |
|
Personal Property Coverage |
Personal property coverage safeguards your belongings, including furniture, electronics, clothing, tools, and jewelry, from theft and peril damage. |
|
Loss of Use Coverage |
Loss of use coverage helps pay your living expenses if your home gets damaged by a covered peril and you must relocate temporarily. Your insurer can cover lodging, groceries, gas, and more while you’re displaced. |
|
Liability Coverage |
Liability coverage safeguards your finances if you’re found liable for someone’s injuries or property damage in a lawsuit. Your insurer can cover medical bills, legal fees, and more. |
|
Medical Payments Coverage |
Medical payments coverage iss designed to cover minor medical expenses if someone is injured around your property, regardless of fault. |
How to Get Homeowners Insurance Quotes in Ocala, Florida
Clovered partners with top insurance companies to help you find quality coverage at a price you want. Using our online quote engine, you can tailor policies to your needs and compare plans from top providers in Ocala all from your phone or computer.
Or, if you’d prefer to chat with licensed Ocala, Florida, insurance agents, you can reach us by phone Monday through Friday from 8:30 a.m. to 6 p.m. by calling 833-255-4117, or email us 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.
Ocala Homeowners Insurance FAQs
Is homeowners insurance required in Ocala, Florida?
What is wind mitigation in Ocala, Florida?
Wind mitigation refers to home construction features that decrease potential damage from strong winds, like those from hurricanes. Insurers recognize and reward property owners with successful wind mitigation with a rate decrease. You can get a wind mitigation inspection to see if you qualify for discounts.
What factors affect Ocala homeowners insurance rates?
Some influential factors are within the policyholder’s control, while others aren’t. A few of the most important determinants of premiums for an Ocala insurance company are home age, size, location, claims history, coverage amounts, and policy deductibles.
What is renters insurance in Ocala, Florida?
Renters don’t need homeowners insurance since they don’t own their house. But, that doesn’t mean they don’t need protection. Renters in Ocala can get renters insurance, which primarily guards the personal property and liability of renters at a much lower price than homeowners coverage.
Do you need flood insurance in Ocala, Florida?
While no law requires homeowners to get a flood policy, your mortgage lender might not finance your home without one if you live in a flood zone. A standard homeowners insurance plan doesn’t cover flood damage. Floods are very common and very costly, and to be properly protected, you’d need to purchase a separate flood 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?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
