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Orlando, FL Homeowners Insurance Cost, Companies & More

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  • Orlando, FL Homeowners Insurance Cost, Companies & More

Orlando is known for its world-class theme parks, incredible golf courses and so much more. With all of that combined with great year-round weather and towering palm trees, it’s easy to see why the city’s population has been skyrocketing and why it’s the third-most populous metropolitan area in Florida.

Even though Orlando is an incredible place to call home and the housing market is still affordable compared to other parts of the country, it still faces its fair share of natural disasters and extreme weather events.

Luckily, the proper Orlando homeowners insurance policy can protect you from damage caused by hurricanes, tornadoes, rain, hail and so much more. Let’s take a look at everything you need to know about Orlando homeowners insurance, including the average costs and which companies are best.

Average Homeowners Insurance Cost in Orlando, Florida

The average homeowners insurance in Orlando is about $1,751 per year for a $150,000 house. But even though that’s the average cost, you may pay less or more depending on a multitude of factors, most notably the cost of your home and coverage amounts you need to protect it.

Average Homeowners Insurance Cost in Orlando for a $150,000 House


ASI$1,813
Citizens$1,173
FedNat$2,285
Florida Penn$1,463
Liberty Mutual$1,793
People’s Trust$1,821
State Farm$2,104
UPCIC$1,556
Average$1,751

☘ $150,000 Value – Pre-2001 Construction w/ Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for maximum wind mitigation features.

☘ $150,000 Value – Pre-2001 Construction w/ No Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for no wind mitigation features.

☘ $150,000 Value – 2001-Present Construction: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past three years, and minimum premium discounts for limited wind mitigation features and no hip roof.

*Wind Mitigation: A wind mitigation is 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. Wind mitigations typically result in deep discounts on your home insurance premiums, so you’ll want to get one.

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$150,000 Value Pre-2001 Construction
W/ Wind Mitigation

$1,683
$969
$1,825
$1,422
$1,586
$1,676
$1,985
$1,262
$1,533

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$2,314
$1,551
$3,115
$1,820
$2,219
$2,475
$2,623
$2,218
$2,266

$150,000 Value 2001-Present Construction

$1,441
$999
$1,915
$1,146
$1,574
$1,311
$1,703
$1,187
$1,409

*Insurers are required to send in their average annual homeowners insurance premiums once per year to the Florida Office of Insurance Regulation, so the rates shown above are the average rates you can expect in Orlando.

It’s Time to Switch Your Homeowners Insurance

We partner with Orlando’s top homeowners insurance companies so you can get a custom policy at an affordable price.

You can also multiply the rates to get a more accurate number for more expensive homes. For instance, if your home is worth $450,000, was built in 2000 and you have a wind mitigation, just multiply the premium for $150,000 Value – Pre-2001 Construction w/ Wind Mitigation by two ($150,0000 x 3 = $450,000).

If you chose Universal Property & Casualty Insurance Company, your average rate would be $3,786 per year (or $1,262 x 3 = $3,786).

However, there aren’t many homes left on the market that cost $150,000. If we dive deeper into the numbers and consider only those homes worth $300,000, we come out with vastly different numbers for pre-2001 construction homes for all the carriers.

You’ll see that the average cost of homeowners insurance in Orlando, Florida for homes valued at $300,000 is about $3,501 per year.

Average Homeowners Insurance Cost in Orlando for a $300,000 House


ASI$3,625
Citizens$2,346
FedNat$4,570
Florida Penn$2,925
Liberty Mutual$3,586
People’s Trust$3,641
State Farm$4,207
UPCIC$3,111
Average$3,501

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$300,000 Value Pre-2001 Construction
W/ Wind Mitigation

$3,366
$1,938
$3,650
$2,844
$3,172
$3,352
$3,970
$2,524
$2,916

$300,000 Value Pre-2001 Construction
No Wind Mitigation

$4,628
$3,102
$6,230
$3,640
$4,438
$4,950
$5,246
$4,436
$4,531

$300,000 Value 2001-Present Construction

$2,882
$1,998
$3,829
$2,291
$3,147
$2,621
$3,406
$2,374
$2,847

It’s Time to Switch Your Homeowners Insurance

We partner with Orlando’s top homeowners insurance companies so you can get a custom policy at an affordable price.

Orlando’s Insurance Rate Factors to Consider

Although Orlando is about a 45-minute drive from the Atlantic Coast and a 1.5-hour drive from the Gulf Coast, it can still bear the brunt of hurricane winds, which often spawn tornadoes that unexpectedly destroy homes and properties.

It’s also home to more than 50 inches of rainfall each year, some rainstorms coming down so hard you can barely see. And those rainstorms can turn into hail storms at times, too. All of these major weather events are covered by your Orlando homeowners insurance — but they factor into the cost of your homeowners insurance.

A few other factors that can lead to rate increases or decreases in the Orlando area are:


Orlando Homeowners Insurance Coverages

A standard homeowners insurance policy in Orlando includes coverage for all facets of your home and personal life. Whether you think you may use it or not, Orlando homeowners insurance comes with the following coverages.

Dwelling: Covers your home’s structure and the things that help create it, including the fireplace, windows, doors and flooring.

Other Structures: Covers structures on your property not attached to your house, such as a fence, detached garage, carport or shed.

Personal Property: Covers the personal belongings you keep inside or on your property, such as a TV, electronics, lawnmower and clothes.

Loss of Use: Reimburses you for additional living expenses if you’re forced to move from your home while it’s being rebuilt or repaired.

Liability: Helps to pay for injuries or other property damages that the policyholder is found liable for, such as a broken bone and legal fees.

Medical Payments: Utilized to pay for small medical bills if someone was injured on your property, whether you’re at fault or not.

Homeowners Insurance Companies in Orlando, Florida

While there are many homeowners insurance companies to choose from in Orlando, Florida, we’ve partnered with the best companies to provide you multiple coverage options at the best price. We’ve partnered with ASI, Citizens, FedNat, Florida Penn, People’s Trust and Universal Property & Casualty Insurance Company to name a few.

According to the reports regarding the lower categories, which features homes worth $150,000, Citizens Insurance is the cheapest homeowners insurance in Orlando at an annual average of $1,506, followed by Florida Penn at $1,844 and Universal Property & Casualty Insurance Company at $1,951.

But the reports tell a slightly different story for $300,000 homes. Citizens is still the most affordable, but the premiums nearly double to $2,346 per year, Florida Penn’s premiums jump to $2,925 per year and Universal Property & Casualty rounds out the three cheapest Orlando premiums at $3,111 per year.

The average home insurance in Orlando, Florida is $2,220 per year for $150,000 homes built before 2001 and $300,000 homes built from 2001 to the present day.

But real estate doesn’t come cheap in Orlando, especially since it’s seeing an uptick in residents. The average annual premium for $300,000 homes — regardless of the year they were built — is $3,501.

As a licensed insurance agent in Florida, we partner with these different insurers because one single insurance can’t possibly write every policy in the state — not even every policy in Orlando.

So we partner with many homeowners insurance companies in Orlando, Florida so that we can find a policy that fits your needs and meets your budget from an insurer who can actually take on your insurance coverage.

How to Get Orlando Home Insurance Quotes

Getting an Orlando home insurance quote is easier than ever with our intuitive online quoting platform. Simply answer a few questions about your property, we’ll fill in the rest and then we’ll pair you with the perfect policy at the right price.

The process to get homeowners insurance quotes in Orlando can be completed in just a few minutes and you won’t even need any additional information to get your policy started. If you have any questions throughout the quoting process, one of our friendly licensed agents will be there to help you along the way.

It’s Time to Switch Your Homeowners Insurance

We partner with Orlando’s top homeowners insurance companies so you can get a custom policy at an affordable price.

Orlando Flood Insurance

Flood insurance isn’t included in your Orlando homeowners insurance policy, so your property isn’t covered by flood damage. But don’t worry, because we can help you protect your property and most valuable belongings from floods, especially since they’re quite common after heavy rains in the City Beautiful.

Simply fill out our flood insurance quote form online and one of our in-house licensed agents can find a policy that fits your needs perfectly.

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?

Orlando Sinkhole Insurance

Orlando and the rest of Central Florida are known as being the sinkhole capital of the United States. From 2006 to 2010, Florida saw 24,671 sinkhole-related home insurance claims, most of which occurred in Central Florida and many that occurred in Orlando.

While homeowners insurance in Orlando doesn’t cover sinkholes, you’re not completely out of luck. The state’s insurers are mandated to provide a certain level of sinkhole coverage for all homeowners in the form of a separate policy or an add-on to their current policy, but it’ll cost a bit more.

The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.