Homeowners Insurance in Pace, Florida (2025)

At the western tip of the Florida Panhandle, Pace has grown into one of the most robust communities in the area. Life in Pace has changed since the population doubled in the first decade of the 2000s, but the risk of property damage remains.

Pace’s location on the Gulf of Mexico leaves it vulnerable to hurricanes and other events out of your control. You should protect your home with the right homeowners insurance. Read on for helpful information and tips to find the best policy.

On average, home insurance in Pace costs about $3,953 annually, or about 26% above Florida’s average rate of $2,924 annually. 

Florida has some of the country’s most expensive home insurance premiums, and coastal areas of the state are at the forefront of these costly rates because of the increased risk of hurricane damage.

Unfortunately, rates in Pace and Santa Rosa County are about 25% higher than the state average. Inflation and soaring property values also contribute to this dilemma.

The following table shows average home insurance rates in Pace from some common companies in Florida.

Insurance rates increase as home value increases. Home value is critical to premiums because higher-value homes typically have more expensive building materials, fixtures, and finishes, meaning it would cost more to rebuild or restore the property if it sustains damage.

The primary way carriers determine home value is by replacement cost valuation. Insurers calculate the cost of rebuilding your property from scratch based on materials and labor. It’s not the same as the market value of your home.

In addition to home value, home age is another major factor in Pace home insurance rates. Older houses pose a higher risk for carriers due to potential wear and tear, outdated building materials, and construction methods that may not meet current building codes. These factors make the home more susceptible to damage and thus more costly to insure. This is especially critical when considering a home’s resistance to heavy winds as produced by storms like hurricanes.

Homeowners who have certain fixtures called wind mitigation features on their homes may be up for a significant decrease in their premiums, too.

In many cases, Heritage had the cheapest homeowners insurance in Pace. It’s important to note that the cheapest homeowners insurance for one person may not be the same for another, as rates are highly personalized. To find the most affordable coverage, you should get quotes from multiple providers.

Another provider available throughout Florida but not represented on our list with is Citizens. But, Citizens isn’t your average insurance company. It’s a state-funded insurer originally created to serve as a last-resort option for people who can’t find coverage from standard carriers. 

Although things may be looking up in 2024 and beyond, home insurance in Florida has had many issues, causing too many people to flock to Citizens. The company was never meant to be a primary insurer and is actively trying to offload policies onto private companies. Property owners in Pace should seek to get coverage from private insurers when possible.

Additionally, working with an insurance agent in Pace, Florida, can help you navigate the insurance market if you’re having difficulty finding a policy.

Every home insurance plan contains the same default coverages, which are:

The best homeowners insurance in Pace will vary by person. You need to know your coverage needs to find the plan that provides you sufficient coverage at a reasonable cost. Shop around to find the best value.

Ensure that the policy you choose aligns with your needs and offers adequate protection in case of various scenarios. Note the difference between replacement cost and actual cash value in your policy.

You may also want to consider endorsements to enhance your coverage. Standard homeowners insurance policies have limitations and may not adequately protect specific high-value items or unique risks, such as expensive jewelry or home-based businesses. Check what endorsements are available and judge if your property needs protection from such risks.

Insurance needs can change over time. Review your policy annually to ensure it still meets your needs and reflects any changes in your home’s value or contents. Adjust coverage as necessary to maintain adequate protection.

Once you know what you need in your policy, you should look at how to save money. Inquire about available discounts. Discounts vary by provider, but some common ones include those for:

Some insurers also offer discounts for paying your full premium upfront or setting up automatic payments.

And, as we said earlier, you should always shop around when looking for the best homeowners insurance in Pace. Don’t settle for the first quote you get, as you might be able to find the same coverage for less at another company. Shopping around lets you see differences in rates, endorsements, discounts, and customer service.

While homeowners insurance covers many perils, floods are typically excluded. The cost of providing flood coverage in home insurance policies would make premiums too high.

Properties near the Gulf and water bodies can flood from storm surges during a hurricane or tropical storm. But, it doesn’t always take a significant weather event to cause a flood. Some neighborhoods in Pace are subject to flooding after heavy rains.

It’s important to consider getting flood insurance in Pace, especially if you live in a flood-prone area, as it provides vital financial protection for which you’d otherwise be on the hook.

Home insurance rates are influenced by various factors. Companies take many variables into consideration to assess the risk associated with insuring your home. Some prominent factors are:

Location: The location of your home is a significant determinant of insurance rates. Homes in flood zones or high-crime areas can have higher premiums, while houses near fire stations or hydrants can have lower rates.

Property Features: Your property’s age, condition, and building materials influence rates. New houses with no wear and tear often have lower rates. Newer roofs will lower premiums, while older plumbing, siding, and HVAC can increase rates.

Deductible: The deductible is the amount you must pay out of pocket before your insurance coverage kicks in. Choosing a higher deductible can lower your premium, but it means you must cover more damage in the event of a claim.

Claims History: If you have a history of filing frequent insurance claims, insurers may view you as a higher risk and charge higher premiums. A claims-free history can lead to lower rates for property insurance in Lutz.

Policy Factors: The type and amount of coverage you select significantly impact your premium. Higher rates and endorsements increase costs, while discounts lower premiums of home insurance in Pace.

Market Conditions: Companies may raise or lower premiums based on past performance or business changes to stay profitable.

Homeowners insurance isn’t legally required by law in Pace or anywhere in the country. However, you can be required to get insurance by your mortgage lender.

If you have a mortgage on your home, your lender will require you to maintain homeowners insurance as a condition of the loan. This is to protect their financial interest in the property. If the house gets destroyed, you and your lender can recoup your money through the insurance policy.

Getting homeowners insurance quotes in Pace is easy online or over the phone, especially when you use Clovered. The experience and knowledge of an independent home insurance agency in Pace, Florida, can save you time and money on your insurance hunt.

Headquartered in South Florida, our team at Clovered partners with some of the top home insurance companies in Pace and can help you compare rates and plans in minutes with our online quote engine.

You can also call our licensed agents during business hours at 833-255-4117. We’re happy to help you find insurance to give you the security and financial support you need in times of unexpected events. Feel free to email us with any questions, also, at agent@clovered.com.