Sarasota Homeowners Insurance

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Known as one of the nation’s most premier retiree destinations, Sarasota, Florida offers much more than just a laid-back city to retire in. From its white-sand beaches to its bustling downtown district and its short drives to both Tampa and St. Petersburg, Sarasota has quickly become a haven for homeowners flocking to the city.

But a big reason why Sarasota has been growing, and is pushing more than 60,000 residents, is due to its lower cost of living. Housing prices are much lower than nearby bigger cities and, luckily for its residents, so is Sarasota homeowners insurance.

Let’s break down the cost of average homeowners insurance in Sarasota, as well as go into detail about what it covers and another lesser-known policy that could lend a helping hand.

Average Homeowners Insurance in Sarasota, Florida

The average cost of homeowners insurance in Sarasota, Florida is $$2,609 per year for a $150,000 house, $4,514 for a $300,000 house and $5,999 for a $450,000 house — which are all on par with the state’s average.

But the average is simply just that: a representation of all the homeowners insurance prices rolled into one. When you break it down by company, you can pay even less. Let’s take a look (keep reading for further breakdowns of how you could drastically lower your premiums for homeowners insurance in Sarasota, Florida).

Average Cost of Homeowners Insurance in Sarasota for 2022

Company

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

$150,000 House

$2,213
$1,492
$3,091
$3,466
$1,933
$3,023
$2,539
$2,888
$2,609

$300,000 House

$3,882
$2,620
$5,424
$6,084
$3,394
$5,306
$4,457
$5,069
$4,514

$450,000 House

$5,394
$3,607
$7,510
$8,401
$4,663
$7,342
$6,139
$7,018
$5,999

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.

In 2001, state legislators sought to prevent costly home damage from hurricanes and tropical storms, so they put stricter building codes into place. These new building codes helped homes withstand heavy winds by implementing hip roofs and impact-resistant windows and doors.

The result? Fewer claims resulting in less money paid out by insurance companies, which then reduced premiums throughout the state. Although Florida is still among the most expensive states in the U.S. for homeowners insurance, Sarasota enjoys lower premiums if you fall into the right categories. Let’s break down those numbers even further.

$150,000 House in Sarasota for 2022

Company

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

Pre-2001 No Wind

$3,482
$2,173
$5,375
$4,704
$2,564
$5,035
$3,402
$4,712
$4,060

Pre-2001 w/ Wind

$1,712
$1,012
$1,639
$2,935
$1,469
$1,779
$2,045
$1,838
$1,867

2001-Present

$1,445
$1,292
$2,258
$2,759
$1,766
$2,256
$2,170
$2,115
$1,899

Do you like those numbers yet? As you can see, you may be able to get your premiums close to $1,500 per year from companies like Citizens, FedNat, People’s Trust and Universal Property & Casualty if you fall into the right category and have the proper wind mitigation features in effect on your house.

Those wind mitigation features are the ones we briefly discussed above about your roof, windows and doors. But while premiums can be that low for $150,000 houses, it may be tough to find one for that price in Sarasota. So we broke down the average cost of homeowners insurance in Sarasota for $300,000 and $450,000 houses as well.

$300,000 House in Sarasota for 2022

Company

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

Pre-2001 No Wind

$6,094
$3,803
$9,406
$8,232
$4,487
$8,811
$5,954
$8,246
$7,018

Pre-2001 w/ Wind

$2,996
$1,771
$2,868
$5,136
$2,571
$3,113
$3,579
$3,217
$3,232

2001-Present

$2,557
$2,287
$3,996
$4,884
$3,125
$3,993
$3,840
$3,744
$3,292

$450,000 House in Sarasota for 2022

Company

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

Pre-2001 No Wind

$8,705
$5,433
$13,438
$11,760
$6,410
$12,588
$8,505
$11,780
$9,551

Pre-2001 w/ Wind

$4,280
$2,530
$4,098
$7,338
$3,673
$4,448
$5,113
$4,595
$4,549

2001-Present

$3,196
$2,859
$4,995
$6,105
$3,906
$4,991
$4,800
$4,680
$4,002

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 Homeowners Insurance Companies in Sarasota, Florida

While the best homeowners insurance companies in Sarasota are a relative thing, the best prices for homeowners insurance in Sarasota come from our many partners: Florida Penn, Citizens, FedNat, People’s Trust, Universal Property & Casualty and the many others we partner with.

Since Clovered is an insurance agency, we’ve teamed up with Sarasota’s top insurance companies so we can provide each one of our customers with the best policy at the best price. Gone are the days of calling multiple home insurance companies seeking the right price.

The future of home insurance is here, and we’ve placed ourselves at the intersection of technology and real policy to give you the best opportunities. Simply answer a few questions about your house in our online quoting engine, we’ll work some magic pulling data and risk assessments in the background, and then we’ll pair you with a policy that fits your needs — and your budget — in just a few minutes.

What Does Homeowners Insurance in Sarasota, Florida Cover?

From weather-related perils like hurricanes, tornadoes and torrential rains to unexpected disasters like house fires, burglaries and even dog bites, homeowners insurance in Sarasota, Florida covers those and a multitude of other perils.

But it’s not just your house and personal belongings that are covered, it’s your financial wellbeing and so much more. Let’s take a look at all the coverage aspects you’ll get and some examples of each.

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.

How Much Does Flood Insurance Cost in Sarasota?

Flood insurance in Sarasota may run anywhere from $300 to $600 per month or more depending on the location of your home and the flood zone it’s located in. Since flooding isn’t covered by homeowners insurance and flood damage can be extremely costly, it’s imperative that every homeowner get adequate flood insurance to protect their home and belongings.

With our easy to use flood insurance form, getting a quote for flood insurance in Sarasota is easier than ever. Just fill out a few details about your home and one of our licensed in-house agents will get back to you the perfect policy from either one of our private flood insurance partners or a policy from FEMA’s National Flood Insurance Program.

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?

Getting Sarasota, Florida Homeowners Insurance

While your rates are also determined by many factors separate from your home’s value, such as your deductibles, coverage amounts, claims history and insurance score, we can pair you with a policy that fits your needs and your budget.

All you need to do to get the best insurance company on your side is get a quote with Clovered. It takes just a few minutes, is completely free and is easier than riding a bike. You can also contact one of our many licensed agents from 8:30 a.m. to 6 p.m. Monday through Friday at 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.