Palm Coast Homeowners Insurance

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  • Palm Coast Homeowners Insurance

Palm Coast is the most populous city in Flagler County. Although it was only incorporated in 1999, the town can trace its origins to the 1960s. 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.

How Much is Homeowners Insurance in Palm Coast, Florida?

The average cost of homeowners insurance in Palm Coast, Florida is $1,865 a year for a $150,000 house, $3,228 for a $300,000 home, and $4,299 for a $450,000 house. 

Florida homeowners insurance averages $2,533 per year for a $150,000 house, $4,386 for a $300,000 house and $5,849 for a $450,000 house. Palm Coast rates are lower than the state average at each price point.

In general, Florida has the highest home insurance rates in the country due to the prevalence of severe weather risks like hurricanes and floods. 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 homeowners insurance costs from some popular carriers.

Average Cost of Homeowners Insurance in Palm Coast for 2022

Company

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

$150,000 House

$1,705
$1,053
$2,551
$2,102
$1,979
$1,894
$1,903
$1,924
$1,865

$300,000 House

$2,993
$1,848
$4,478
$3,689
$3,476
$3,325
$3,342
$3,377
$3,228

$450,000 House

$4,132
$2,543
$6,185
$5,093
$4,765
$4,597
$4,591
$4,673
$4,299

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.

Florida Office of Insurance Regulation Premium Consideration Factors

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the 2022 rate filings from the state’s largest insurers and can be utilized as an average of what Floridians can expect to pay for homeowners insurance each year.

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.

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.

2001-Present Construction

This risk is for a Florida masonry home with a current replacement value of $300,000, 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.

Palm Coast’s population is growing, and house prices are rising, too. It may be hard to find a home in the area for $150,000, but here are average premiums you can expect in the city for homes valued at $150,000:

$150,000 House in Palm Coast for 2022

Company

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

Pre-2001 No Wind

$2,294
$1,392
$4,119
$2,817
$2,294
$2,772
$2,304
$3,046
$2,666

Pre-2001 w/ Wind

$1,454
$848
$1,527
$1,804
$1,738
$1,456
$1,664
$1,284
$1,483

2001-Present

$1,367
$918
$2,007
$1,684
$1,905
$1,455
$1,741
$1,443
$1,445

After diving deeper into the numbers, you can see how much wind mitigation can save you. Average premiums on homes built before 2001 dropped 44% with wind mitigation.

Universal Property & Casualty and ASI, a Progressive company, were the most affordable carriers on average in Palm Coast on our list. Citizens had the lowest premiums, although they’re publicly owned and typically considered a last-resort option. 

With this information in mind, take a look at what $300,000 and $450,000 worth of homeowners insurance in Palm Coast costs and see if and how the numbers change.

$300,000 House in Palm Coast for 2022

Company

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

Pre-2001 No Wind

$4,015
$2,436
$7,208
$4,930
$4,015
$4,851
$4,032
$5,331
$4,610

Pre-2001 w/ Wind

$2,545
$1,484
$2,672
$3,157
$3,042
$2,548
$2,912
$2,247
$2,568

2001-Present

$2,420
$1,624
$3,553
$2,980
$3,372
$2,576
$3,082
$2,554
$2,508

$450,000 House in Palm Coast for 2022

Company

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

Pre-2001 No Wind

$5,735
$3,480
$10,298
$7,043
$5,735
$6,930
$5,760
$7,615
$6,290

Pre-2001 w/ Wind

$3,635
$2,120
$3,818
$4,510
$4,345
$3,640
$4,160
$3,210
$3,589

2001-Present

$3,025
$2,030
$4,441
$3,725
$4,215
$3,220
$3,853
$3,193
$3,050

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.

4 More Factors That Influence Palm Coast Homeowners Insurance

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.

1. Age of Your Home

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 and are often constructed with some wind mitigation measures, which can save you money on premiums. 

2. Condition of Your Roof

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.

3. Your Claims History

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.

4. The Extent of Coverage and Deductible You Choose

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.

Palm Coast Homeowners Insurance Coverages

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:

Dwelling Coverage

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

Other Structures Coverage

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

Personal Property Coverage

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

Loss of Use Coverage

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

Medical Payments Coverage

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

Flood Zones in Palm Coast, Florida

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.

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?

Hurricane Damage in Palm Coast, Florida

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.

Insurance Agencies in Palm Coast, Florida

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.

Homeowners
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.

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