Homeowners Insurance in Palm Coast, Florida

Average Cost of Homeowners Insurance in Palm Coast, Florida

The average homeowners insurance cost in Palm Coast, Florida, is about $2,220 annually, which is about 21% less than the state average of $2,857.

In general, Florida has the highest home insurance rates in the country due to the prevalence of severe weather, such as hurricanes and floods. Palm Coast is less susceptible to hurricanes than more southern coastal cities, like those in South Florida, as reflected in its lower average rates.

We collected some data from our Palm Coast customers, including which insurers they use to protect their homes and how much they pay in average premiums, and calculated an average cost by insurer from there. 

Let’s take a closer look at the Palm Coast home insurance rates our customers pay, on average, by company.

Cabrillo Coastal General, Ovation Home Insurance Exchange, and American Platinum are the most affordable carriers in Palm Coast on our list. Premiums from these insurers can be about 18% below the city average and about 36% below the state average.

Keep in mind, though, that these numbers only represent the average home insurance cost in Palm Coast, Florida, not a guarantee of what each policyholder will pay. Insurers consider many factors about you, your home, and your policy when determining your rates, often assessing your risk of filing a claim. If 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: your home’s age and its 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, having wind mitigation features on your home, like impact-resistant sealing, 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. 

How to Get the Cheapest Palm Coast Homeowners Insurance

For our customers, the companies with the cheapest homeowner insurance in Palm Coast, Florida, are Cabrillo Coastal and American Platinum. While our customers pay below average rates with these insurers, keep in mind that not every policyholder will be eligible for such low rates. However, let’s take a closer look at what sets these companies apart from the other providers our customers trust.

Cabrillo Coastal General

On average, our customers pay about 18% below the average cost of home insurance in Palm Coast, Florida, when they bind with Cabrillo Coastal General. Keep in mind, too, that the average cost of home insurance in this Florida city is already about 22% below the state average, so these customers are saving quite a bit when compared to their fellow Floridians. Plus, Cabrillo Coastal offers a discount for homes with wind mitigation features.

Ovation Home Insurance Exchange

On average, our customers who bind policies with Ovation Home Insurance Exchange save about 15% on their home insurance premiums when compared with the city’s average home insurance rate. So, if savings are your focus, you may consider getting a quote from this insurer. 

American Platinum

While our Palm Coast customers who bind with American Platinum pay average rates that are on par with the average cost of home insurance in this Florida city, note that the other insurers represented on our list have above-average rates. Additionally, American Platinum offers discounts for eligible customers with wind mitigation features, a home security system, and a sprinkler system, for those looking to maximize their savings. 

Finding the Best Home Insurance Companies in Palm Coast, Florida

Sifting through the insurance marketplace to find the best Palm Coast home insurance can be tough, but it isn’t impossible. Here at Clovered, we’re dedicated to matching you with a policy that best suits your needs. So, whether you want the cheapest policy on the market or a policy with expansive coverage, we have you covered. 

Once you know what you need from your policy, the next step on your journey is finding the insurer that can offer you the best home insurance in Palm Coast, Florida. Since there are so many insurers out there, we thought we’d share some information about the carriers our customers trust with their policies, so you can make the most informed decision about your policy. 

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.

Coverages Found on Home Insurance in Palm Coast, Florida

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 many people because it provides the financial protection we wouldn’t normally account for in the event of a disaster. 

If you purchase your Palm Coast home insurance through Clovered, here are the coverage areas you can count on:

Getting Palm Coast Home Insurance Quotes

If you’re searching for home insurance quotes in Palm Coast, Florida, look no further. 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 in minutes. 

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.