Riverview Homeowners Insurance

  • Homeowner
  • /
  • Riverview Homeowners Insurance

As one of the largest cities in Florida by population, Riverview doesn’t have the typical big-city vibes as its counterparts in the likes of South Florida. Nestled to the east of Tampa, St. Petersburg and Bradenton and surrounded by nature preserves and water, Riverview is a bigger city that’s home to small-town living for many.

With a population approaching 80,000 and growing, those living in the city enjoy nearby professional sports, tons of outdoor activities and, arguably the most important, reduced housing prices than their neighbors in Tampa and St. Pete.

Lower real estate costs come with many perks, including a reduced cost of home insurance in Riverview, Florida. So let’s take a look at average costs, where to find the best agency and so much more that you need to know if you own a house in this incredible city.

Average Cost of Homeowners Insurance in Riverview, Florida

Due to its proximity to Tampa and location in Hillsborough County, the average cost of homeowners insurance in Riverview, Florida is $2,852 per year for a $150,000 house, $4,936 for a $300,000 house and $6,553 house. When compared to Florida’s averages for similarly priced homes, that’s not too bad.

But average prices are just that — averages. A lot goes into the pricing of policies, including your coverage amounts, deductibles and which insurance company you choose. We’ll be focusing on the latter aspect in the next few sections.

Average Cost of Homeowners Insurance in Riverview for 2022

Company

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

$150,000 House

$2,471
$1,682
$3,345
$3,063
$2,145
$3,280
$2,919
$2,503
$2,852

$300,000 House

$4,338
$2,953
$5,872
$5,377
$3,768
$5,757
$5,127
$4,393
$4,936

$450,000 House

$5,987
$4,062
$8,091
$7,403
$5,166
$7,950
$7,040
$6,066
$6,553

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.

When accounting for the average cost of home insurance premiums, there’s a lot more that goes into pricing than just the aforementioned factors. In Florida, the biggest determinant is whether or not your house has features in place to mitigate wind damage.

In 2001, the state’s building codes changed. Legislation was put in place to ensure home builders were properly accounting for hurricane and tropical storm winds and building homes that could withstand both. Of course, the legislation didn’t have any mention requiring homeowners living in pre-2001 construction houses to enact these changes.

But it did require insurers to offer steep discounts to homeowners who willingly went out and made these changes. After all, making these changes protects houses better against high winds. So let’s break down the numbers even further.

$150,000 House in Riverview for 2022

Company

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

Pre-2001 No Wind

$3,308
$2,072
$4,983
$3,660
$2,615
$4,569
$3,454
$3,704
$3,852

Pre-2001 w/ Wind

$2,117
$1,479
$2,226
$2,885
$1,763
$2,663
$2,613
$1,809
$2,400

2001-Present

$1,988
$1,495
$2,826
$2,643
$2,058
$2,607
$2,691
$1,996
$2,303

As you can see, homeowners living in post-2001 construction homes and those living in pre-2001 construction homes with wind mitigation features in effect enjoy premium prices well below the city and state average.

Those in the first category average $2,303 per year — and as low as $1,495 and $1,996 per year with Citizens and Universal Property & Casualty Insurance Company. The latter category of homeowners average $2,400 per year and as low as $1,479 and $1,809 with the same two companies previously mentioned.

But averages account for all the premiums of said company. So, if you meet coverage criteria and have a solid insurance score, there’s a chance you could pay $1,000 less per year for your coverage.

However, good news is often always associated with some form of less-than-stellar news. In this case, the drawbacks come in the form of steadily rising real estate costs. While we’ve outlined premium prices for $150,000 houses in Riverview, it may be tough to come by a house for that price anymore. That’s why we’ve broken down the numbers for $300,000 and $450,000 homes.

$300,000 House in Riverview for 2022

Company

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

Pre-2001 No Wind

$5,789
$3,626
$8,720
$6,405
$4,576
$7,996
$6,045
$6,482
$6,658

Pre-2001 w/ Wind

$3,705
$2,588
$3,896
$5,049
$3,085
$4,660
$4,573
$3,166
$4,154

2001-Present

$3,519
$2,646
$5,001
$4,678
$3,642
$4,615
$4,763
$3,532
$3,996

$450,000 House in Riverview for 2022

Company

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

Pre-2001 No Wind

$8,270
$5,180
$12,458
$9,150
$6,538
$11,423
$8,635
$9,260
$9,074

Pre-2001 w/ Wind

$5,293
$3,698
$5,565
$7,213
$4,408
$6,658
$6,533
$4,523
$5,793

2001-Present

$4,399
$3,308
$6,251
$5,848
$4,553
$5,769
$5,954
$4,415
$4,856

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 Best Riverview Home Insurance Agency

If you’re looking for the best Riverview home insurance agency, you’ve already found them! At Clovered, we partner with the city’s top insurers to ensure you always get the best policy at the best prices. Whether you want a policy from Citizens, Universal Property & Casualty Insurance Company, FedNat, Florida Penn, People’s Trust or an array of others, look no further than Clovered.

Simply enter a few details about your home into our online quoting engine and then we’ll run some risk data in the background, determine how much coverage you need and then provide a policy that fits your needs and your budget.

What’s even better is that it only takes a few minutes to complete a quote, and you can do it from the comfort of your own home — or on your cell phone. If you want to speak to a real person, we’ve got that too.

Clovered is located at the intersection of technology and real people, so we have a team of sales and service agents ready to answer any questions you may have about the process — or simply to provide comfort in the fact that you’re making a big purchase and assure that this is the right decision.

What Does Homeowners Insurance in Riverview, Florida Cover?

From unexpected perils involving mother nature like hurricanes and tornadoes to mostly human-caused perils like fires, burglary and water damage, your homeowners insurance in Riverview, Florida covers your house and personal belongings while giving you the utmost peace of mind.

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.

Need to Knows About Flood Insurance in Riverview, Florida

One of the most common misconceptions about flooding is that you’re covered if you have a home insurance policy. Unfortunately, that’s not the case. Home insurance only provides protection for certain instances of water damage, but flooding isn’t included on that list.

To be covered for floods, you need to have a separate flood insurance policy in place. The good thing is that getting flood insurance is quick, easy and costs just a fraction of the price of homeowners insurance.

Since much of Riverview is located in some form of FEMA-designated flood zone, meaning there’s a high chance of experiencing flood damage at least once during the life of a 30-year mortgage, nearly every resident in the city needs it and everyone should have it.

While flood insurance isn’t required by law, there’s a good chance your mortgage lender will require you to keep sufficient flood insurance at all times while you still owe money on your home.

Considering just 1 inch of floodwater can cause up to $25,000 worth of damage and a policy may only cost you $300 to $600 per year, that’s a small price to pay for protection and peace of mind.

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?

How to Find the Best Prices for Home Insurance in Riverview, Florida

As we mentioned earlier, we’re one of the top home insurance agencies in Riverview and we partner with the city’s and state’s top insurers so we can provide everyone a sufficient policy at an affordable price.

Simply enter a few details about your home in our online quoting engine and we’ll do the rest to get you a policy in just a few minutes. You can also reach one of our licensed agents or service members Monday through Friday from 8:30 a.m. to 6 p.m by calling 833-255-4117 or email them 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.