Average Rates for Home Insurance in Rockledge, Florida by Company Homeowners insurance isn’t mandated by law in Rockledge, but if you finance your home purchase with a mortgage, your lender will require a home insurance plan for the life of the loan. Lenders require borrowers to have insurance to protect their investments. If the house gets destroyed, you and your lender can recoup money through the insurance policy.
Key Takeaways
- The average cost of home insurance in Rockledge, Florida, is about $2,639 annually, which is just below the state average.
- Cabrillo Coastal had the cheapest home insurance in Rockledge, Florida, based on our agency data.
- You should compare multiple insurance quotes before buying a policy to ensure you’re getting the best deal and not unnecessarily overspending.
How Much Is Home Insurance in Rockledge, Florida?
The average cost of home insurance in Rockledge is about $2,369 annually, which is about 8% below Florida’s statewide average rate of $2,857 per year.
Florida has some of the highest home insurance rates in the country, partly due to high property values and hurricane damage risk. Many coastal cities in the state are on the higher end of the rating scale in Florida because places on the coast are more prone to hurricane damage.
However, Rockledge seems to buck the trend. While our representation of companies in the Rockledge area is slimmer than usual in the following table, we can still present the real, average premiums of our policyholders in the city to help you get an idea of what coverage may cost you.
| Company | Average Premium |
|---|---|
|
Cabrillo Coastal General |
$993 |
|
American Platinum |
$2,776 |
|
Average |
$2,369 |
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The Cheapest Homeowners Insurance in Rockledge, Florida
Our policyholders found the cheapest home insurance in Rockledge with Cabrillo Coastal, which specializes in insuring coastal areas. Nevertheless, rates vary for several reasons, and you won’t know which carrier offers the most affordable rates for you until you get quotes.
Cabrillo Coastal General is an insurance company that specializes in high-risk properties, specifically those prone to hurricanes. Based in Gainesville, Florida, this insurer understands the nuances of the Florida insurance market and tries to see opportunity where others may only see risk.
However, this doesn’t mean you can’t find affordable coverage from other carriers we partner with. American Platinum, the other provider on our current Rockledge company list, writes policies in Florida and Georgia and is available exclusively through our team here at Clovered.
The many factors that affect premiums make it difficult to name one provider as the cheapest at all times. You should always shop around to find the cheapest homeowners insurance in Rockledge for your circumstances. We partner with several more companies we haven’t listed, and we can help you find the cheapest coverage possible.
Best Homeowners Insurance Companies in Rockledge, Florida
Choosing the best insurance company in Rockledge is subjective to a degree, since policyholder preference is the main determinant, and every policyholder weighs cost, customer service, and other factors differently.
However, we want to provide some context to help you make your choice. 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.
Cabrillo Coastal
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$993
Cabrillo Coastal General Insurance Agency was founded in 2013 and specializes in covering homes in high-risk areas. It’s available in several coastal states, including Florida, and it offers its insurance products through varying partner companies, depending on your state.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$2,776
American Platinum Insurance Company, founded in 2011, is a subsidiary of Universal Insurance Holdings, offering home insurance coverage in Florida and Georgia. Policies are available exclusively through independent agents at Clovered.
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Rockledge Homeowners Insurance Coverages
Every homeowners insurance policy consists of the same coverage areas. Plans protect your property and liability in several ways, briefly outlined below. Policies protect against over a dozen possible sources of damage known as perils and can either reimburse you at actual cash value or replacement cost.
| Coverage | Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage protects the physical structure of your home, including the roof, walls, flooring, foundation, piping, and more. |
|
Other Structures Coverage |
Other structures coverage financially guards the features on your property that aren’t attached to your main house, such as fences, sheds, gazebos, and pools. |
|
Personal Property Coverage |
Personal property coverage covers your possessions in and around your home, including clothing, electronics, furniture, jewelry, and more. So, your fancy new lawnmower, favorite antique blender, and your grill may be covered. |
|
Loss of Use Coverage |
Loss of use coverage helps pay for living expenses, such as groceries and temporary lodging if you’re forced to move out of your home after damage from a covered peril makes it unlivable. |
|
Liability Coverage |
Liability coverage covers you if someone suffers an injury and pursues you for damages. Your insurer can cover medical bills, legal fees, and more. You may also use this coverage if you’re found liable for damage to someone else’s property. |
|
Medical Payments Coverage |
Medical payments coverage helps cover minor medical expenses if someone is injured at or around your property, regardless of fault. So, this could cover medical expenses for the neighbor kid who broke their arm climbing your tree or a dog bite your neighbor suffers from your dog. |
How to Get Homeowners Insurance Quotes in Rockledge, Florida
Getting homeowners insurance quotes in Rockledge can typically be done online or over the phone. At Clovered, we can accommodate you either way, with our localized expertise on hand whenever you need it.
As an independent insurance agency based in Fort Lauderdale, we understand how hard it can be to find affordable coverage in the state. We partner with many of the top home insurance companies in Florida to bring you quotes in minutes through our online quoting platform, where you can compare options quickly and easily.
Or, if you’d rather chat with one of our licensed agents for your quote, give us a call at 833-255-4117 during business hours. We’re happy to help. You can also email us with any questions at agent@clovered.com.
Rockledge Home Insurance FAQs
Is homeowners insurance required in Rockedge, Florida?
What is wind mitigation in Rockledge, Florida?
Wind mitigation refers to home construction methods that help your house withstand strong winds, like those from a hurricane. These features may include a hip roof, impact-resistant windows, roof straps, and other measures that can fortify your home against damage from severe winds. If your older home passes a wind mitigation inspection, your insurer should offer you much lower premiums.
What factors determine the cost of home insurance in Rockledge, Florida?
Home insurance rates are influenced by many factors relating to the property or policyholder’s risk level. Some of the most critical considerations are home characteristics like home age, size, location, and construction materials. Policy details, such as coverage amounts, endorsements, deductibles, and discounts, also influence Rockledge home insurance rates.
Do you need flood insurance in Rockledge, Florida?
You’re only required to have flood insurance in Rockledge if your mortgage lender mandates it. This happens if your house is in a high-risk flood zone on Federal Emergency Management Agency (FEMA) flood maps. In Rockledge, homes along the Indian River and other bodies of water may be prone to storm surges and lie in these zones. You can check your flood risk on the city’s website.
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?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
