Homeowners Insurance in Palm Coast, Florida

Palm Coast is the most populous city in Flagler County. Although it was only incorporated in 1999, it has flourished into a popular community with top-notch golfing and picturesque beaches nearby. If you want more action, it helps that St. Augustine to the north and Daytona Beach to the south are only short drives away.

Residents of Palm Coast enjoy easy living. This outlook seems to carry over to homeowners insurance costs, too, as rates in the city are very affordable relative to the rest of the state.

On average, home insurance in Palm Coast, Florida, costs about $2,300 annually, or about 21% less than the state average of $2,924 annually.

In general, Florida has the highest home insurance rates in the country due to the prevalence of severe weather risks like hurricanes and floods, and in 2024, it looks like the severity of these storms is still on the rise. While Palm Coast is certainly susceptible to these disasters, it isn’t heavily reflected in their premium prices. 

Let’s take a closer look at how much Palm Coast home insurance costs from some popular carriers.

Cabrillo Coastal General and American Platinum are the most affordable carriers in Palm Coast on our list. Premiums from these insurers can be about 12% below the average rate in the city, and about 30% below the average rate in the state.

Keep in mind, though, that these numbers are just averages. Insurers consider many factors about you, your home, and your policy when determining your rates, often assessing your risk of filing a claim. IIf any number of these factors point to your above-average risk of filing a claim, you may have above-average premiums. 

In Florida, two factors in particular can have a significant effect on your premiums. These are your home’s age and ability to withstand heavy winds. Homes built over 20 years ago may not be up to today’s standards for storm resistance and, thus, may be less capable of withstanding strong winds. However, homeowners in older homes may be able to fortify their homes by upgrading some features, like roofs and window shutters. This is called wind mitigation.

A wind mitigation is any protection on your home that helps decrease the damage caused by strong winds like a hurricane. Having a wind mitigation can make a difference in your premiums, especially if you’re in a particularly hurricane-prone area. Wind mitigations may be crucial for homeowners in older homes. However, those in houses built in the last 20 years may see lower premiums because their homes were built up to the latest standards. 

As you might imagine, a provider’s job of determining how much to charge for a policy is complex. A company looks at many factors both inside and outside of the policyholder’s control. Although it varies by company, below we’ll highlight four factors that almost certainly play a role in determining the cost of home insurance in Palm Coast, Florida.

You may have noticed in the numbers above that sometimes newer homes cost less to insure than older ones. This is because newer homes have to be up to the latest building code standards, which were recently updated to take effect in 2024. These homes are often constructed with some wind mitigation and flood-resistant measures, which can save you money on premiums. 

A few aspects of your roof can influence your home insurance in Palm Coast. It might not surprise you that having an older roof can negatively affect your rate. An older roof has accumulated more wear and tear, which makes it more likely to have or cause a structural issue. Also, the materials your roof is made of and the shape of your roof are important.

Generally, the more claims you file, the higher your home insurance rate will become. It might seem unfair that you’re being punished with a higher premium for invoking your insurance when you needed it. But if you’ve filed multiple claims in a short time period, you prevent a greater financial risk to your insurer.

It’s perhaps the most obvious factor, but the amount of coverage you enroll in affects how much you pay for homeowners insurance. It’s wise to insure your home for its replacement cost, which is likely higher for bigger, more expensive houses. Also, raising or lowering your deductible is a straightforward way to change the cost of your premium.

Just as your homeowners insurance plan is affected by many factors, it also includes many facets of coverage. Homeowners insurance is a worthwhile investment for so many people because it provides needed financial protection in case of a disaster that we wouldn’t normally account for or expect. If you purchase your Palm Coast homeowners insurance through Clovered, here are the coverage areas you can count on:

Since there’s a barrier of natural low-lying wetlands between Palm Coast and the eastern shoreline of Florida, the town doesn’t have many federally designated flood zones. Still, flooding can happen on any property at any time, especially when the property is in a place where heavy rainfall is seasonal and tropical storms or hurricanes are a threat for nearly half of the year.

Homeowners insurance doesn’t cover damage from flooding. FEMA reports that over 20% of all National Flood Insurance Program (NFIP) claims come from homeowners outside of mapped high-risk flood areas. The city website recommends flood insurance for all its residents since it’s such a common and expensive disaster even in places outside of flood zones in Palm Coast.

As we touched on earlier, hurricane damage in Palm Coast, Florida, is always a worry. Just recently, homes in the town were damaged by Hurricane Matthew in 2016 and Irma in 2017.

A standard homeowners insurance plan covers most instances of hurricane damage. Wind-related claims are one of the most common home insurance claims filed, hence the importance of wind mitigation. Coverage related to hurricanes encompasses the structure of your home, features on your property like sheds and fences, and your personal belongings.

Clovered is an online insurance agency that can pair you with a tailored policy from our online quote engine that allows you to compare rates of top providers in the state. You can get a quote in minutes on your phone or computer from the comfort of your home. 

If you’d prefer to talk to a member of our team of licensed agents, please call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m. or email us anytime at agent@clovered.com.