Sanford Homeowners Insurance

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Nestled between two lakes in the central part of Florida, the brick-lined streets and Spanish moss of Sanford could make you forget that you’re only an hour away from the beach. It’s a great place for those who prefer the quaint and quiet over tourists and crowds.

A historic downtown and beautiful Riverwalk along Lake Monroe provide shopping, dining and outdoor activities for all ages. But homeowners in the city face another shopping option: how to get the best and most affordable homeowners insurance in Sanford.

Average Cost of Homeowners Insurance in Sanford, Florida

A perk of the city is the affordable homeowners insurance. The average cost of home insurance in Sanford, Florida is $2,281 per year for a $150,000 house, $3,956 for a $300,000 house, and about $5,288 for a $450,000 house. 

These rates come in below the Florida state average. Overall, premiums in the state are currently about $2,533 per year for a $150,000 home, $4,386 for a $300,000 home, and $5,849 for a $450,000 home.

This is partly due to Sanford’s inland location, which shields it from most of the effects of many tropical storms and hurricanes that can plague coastal cities every year and hike up insurance rates. 

Take a closer look at the cost of an average home insurance premium in Sanford from some well-known companies:

Average Cost of Homeowners Insurance in Sanford for 2022

Company

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

$150,000 House

$1,827
$1,136
$3,444
$2,199
$1,817
$2,713
$2,256
$2,059
$2,281

$300,000 House

$3,207
$1,995
$6,045
$3,861
$3,191
$4,761
$3,963
$3,613
$3,956

$450,000 House

$4,415
$2,744
$8,343
$5,321
$4,374
$6,575
$5,442
$4,991
$5,288

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.

Every company except FedNat comes in under the state average, which is great news for residents. The rates may already seem like a relative bargain compared to most cities on the coast, but there are ways to bring Sanford home insurance costs down even further.

One way to ensure you’re saving on your premium is to add wind mitigation features to your home. Look how wind mitigation and home age affect rates on $150,000 houses.

$150,000 House in Sanford for 2022

Company

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

Pre-2001 No Wind

$2,258
$1,422
$5,398
$2,717
$2,118
$3,436
$2,668
$3,089
$3,024

Pre-2001 w/ Wind

$1,643
$987
$2,146
$2,036
$1,578
$2,550
$2,020
$1,462
$1,972

2001-Present

$1,579
$999
$2,788
$1,844
$1,755
$2,152
$2,081
$1,625
$1,849

In Sanford, average rates of homes with and without wind mitigation offered by a company differed by up to $3,252 per year. Overall, the numbers indicate you can save around 35% on home insurance premiums with effective wind mitigation measures.

You should at least insure your home for its replacement cost, which may be more than $150,000 if you’ve got a bigger or more expensive house. Let’s look at rates if you’ve got $300,000 or $450,000 worth of home insurance in Sanford:

$300,000 House in Sanford for 2022

Company

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

Pre-2001 No Wind

$3,952
$2,489
$9,447
$4,755
$3,707
$6,013
$4,669
$5,406
$5,237

Pre-2001 w/ Wind

$2,875
$1,727
$3,756
$3,563
$2,762
$4,463
$3,535
$2,559
$3,417

2001-Present

$2,794
$1,768
$4,934
$3,264
$3,106
$3,808
$3,684
$2,876
$3,215

$450,000 House in Sanford for 2022

Company

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

Pre-2001 No Wind

$5,645
$3,555
$13,495
$6,793
$5,295
$8,590
$6,670
$7,723
$7,192

Pre-2001 w/ Wind

$4,108
$2,468
$5,365
$5,090
$3,945
$6,375
$5,050
$3,655
$4,768

2001-Present

$3,493
$2,210
$6,168
$4,080
$3,883
$4,760
$4,605
$3,595
$3,922

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.

Coverages of Home Insurance in Sanford, Florida

As mentioned earlier, home insurance will cover the replacement cost of your home in case it needs to be rebuilt or repaired after a disaster. Specifically, this is the dwelling coverage portion of your policy that financially safeguards the structure of your house. There are many other useful aspects of coverage, though. A standard homeowners insurance plan in Sanford covers the following: 

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.

What Affects Homeowners Insurance Rates in Sanford?

We mentioned wind mitigation as an important factor in determining your rate. But, there are a lot more things home insurance companies look at. These range from individual characteristics about a policyholder — like what their claims history is or what kind of dog they own to large-scale factors out of their control like neighborhood crime trends. Some other things that providers look at include:


On top of these, Sanford homeowners have some notable weather-related hazards that affect premiums in the area. Insurance companies have to look at the possibility of natural disasters when establishing rates since they can be financially costly to recover from if they affect a house.

Sinkholes in Sanford, Florida

Sinkholes are usually restricted to the western parts of Seminole County, but they pop up in Sanford from time to time. Florida as a whole experiences the most sinkholes of any state. 

Since sinkholes in Sanford, Florida are so prevalent in general, Florida law requires insurers to cover some instances of sinkhole damage to your house if it’s extreme. Even with this stipulation, though, your homeowners insurance likely won’t cover most sinkholes on your property unless you purchase additional coverage for sinkholes in Sanford, Florida. 

Sanford, Florida Hurricane Damage

Hurricanes pose a significant threat to Florida and are one of the main reasons insurance costs in the state are so high.  Fortunately for Sanford residents, it’s in one of the safest parts of the state regarding these storms and doesn’t often receive the brunt of their impacts.

Nevertheless, homeowners insurance in Sanford, Florida covers hurricane damage. Your property and personal belongings are financially protected, and the loss of use part of your policy can reimburse you if you’re forced to leave your home while it’s being rebuilt or repaired as a result of damage sustained from a hurricane.

It’s important to note that when filing for a Sanford hurricane damage claim you’ll have to pay a hurricane deductible, which is different than your standard home insurance deductible.

A hurricane deductible is usually a percentage of your dwelling coverage, with 2% and 5% being common options. So, while a typical Sanford home insurance deductible may be $500 or $1,000 no matter the value of your house, a tornado deductible can change based on your coverage amount.

For example, if you have $150,000 worth of coverage and a 2% hurricane deductible, you’ve got a hurricane deductible of $3,000.

Tornadoes in Sanford, Florida

Tornadoes in Sanford, Florida are another severe weather possibility that residents must be aware of. Just earlier this year, a supercell thunderstorm caused a tornado near Lake Jessup that received national news coverage and downed trees and power lines in central Florida.

Tornadoes are one of the most common home insurance claims companies see every year. They’re capable of causing a significant amount of damage in a very short period of time, but homeowners insurance will cover tornado damage in most instances.

Flood Insurance in Sanford, Florida

Overwhelming rainfall can be brought to Sanford by the outer bands of hurricanes that hit either coast or brought by regular seasonal thunderstorms. The Federal Emergency Management Agency (FEMA) has determined that many properties along the shores of Lake Jessup and Lake Monroe lie in flood zones, as well as inland areas around smaller bodies of water.

This is noteworthy because damage from flooding isn’t covered by homeowners insurance. You’d need to purchase a separate policy for flood insurance in Sanford, which can be done through private insurers or the National Flood Insurance Program. The city website recommends all residents get flood insurance in Sanford since it’s such a common and costly natural disaster.

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 Save on Sanford Home Insurance

Homeowners insurance is a worthwhile investment if you want to protect what’s important in your life. The best way to make sure you’re not overpaying for coverage is to compare rates and see who offers the coverage you need for the lowest cost.

At Clovered, we make this easy. Our online quote engine allows you to look at quotes from top providers in the state to help you find the coverage you need at the price you want.

You can also talk with a licensed agent on the phone if you call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m. Or you can 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.

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