Homeowners Insurance in Sarasota, Florida

The Average Cost of Homeowners Insurance in Sarasota, Florida

The average homeowners insurance cost in Sarasota, Florida, is about $2,098 annually. This is about 27% below Florida’s statewide average rate of $2,857 annually.

A big reason Sarasota has been growing and is now pushing 60,000 residents is its lower cost of living. Housing prices are lower in Sarasota than in nearby bigger cities, like Tampa or St. Petersburg, and, luckily for its residents, so is the average cost of home insurance. 

But the average rate in the city is simply that: a representation of all the homeowners insurance prices rolled into one. When you break it down by company, you can pay even less, or even more, depending on your situation. 

We have hundreds of customers in Sarasota, so we’re able to get a truly accurate look at the average cost of home insurance in this city by taking a look at their data. Here, we’ve compiled that data and calculated the average Sarasota home insurance rates​ our customers pay with some of Florida’s top insurers. 

While these numbers certainly paint a picture, they don’t quite paint the whole picture when it comes to the average home insurance cost in Sarasota, Florida. In Florida, insurers specifically look to two primary factors when determining one’s rates: home age and wind mitigation. 

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.

Homeowners in homes built before this law went into effect can lower their premiums and reinforce their homes by installing wind mitigation measures. Passing a wind mitigation inspection in Sarasota, Florida, by installing features like a hip roof or impact-resistant windows, can help these older houses get up to code, fortifying them against hurricane-force winds, and reducing insurance costs.

Houses built before the new building laws may see above-average premiums. Conversely, those built after the laws went into effect may see below-average premiums, since all the materials and structures are up to the latest safety codes. 

The Cheapest Home Insurance Companies in Sarasota, Florida

For our customers, Southern Oak and American Platinum offer the cheapest Sarasota home insurance, on average. As a leading Sarasota insurance agency, we frequently match our customers with policies that have premiums far below the city’s average rate. 

Let’s take a deeper dive into the top two companies our customers turn to for cheap home insurance in Sarasota. 

Southern Oak

Southern Oak is the cheapest insurance company for our customers in Sarasota by far, with the average premium from this insurer costing about 58% below the city’s average rate. If that isn’t enough savings for you, this insurer also offers various discounts for eligible customers. Key discount offerings include a wind mitigation discount, a security system discount, and a discount for opting into paperless communication. 

American Platinum

On average, our customers pay about 11% below the average rate for Sarasota home insurance when they bind with American Platinum. While these savings may not seem significant, remember that rates in this Florida city are already 27% below the average cost of home insurance in the state. On top of these savings, American Platinum offers discounts for those with wind mitigation features, security systems, and fire safety systems installed on their homes. 

Getting the Best Home Insurance in Sarasota, Florida

While the best companies for insurance in Sarasota, Florida, are a relative thing, the best prices come from our many partners: Citizens, American Platinum, Southern Oak, and many other carriers we partner with. However, there isn’t a single policy that’s always the best policy. Instead, the best Sarasota home insurance will look different depending on your individual needs. 

While some policyholders value savings above all else, others may value coverage no matter the cost. The best policy for your needs won’t require you to compromise too much on cost or coverage. Once you determine what a happy medium looks like for you, you’re ready to compare quotes from multiple insurers. 

Gone are the days of calling multiple home insurance companies to find the right price. Instead, you can use an insurance agency in Sarasota to do that hard work for you.

Here at Clovered, we’re exactly that. As an independent insurance agency, we’ve teamed up with Sarasota’s top carriers so we can provide each customer with the best policy at the best price. 

Let’s take a look at some information about the leading insurance providers in Florida that our customers consistently trust to protect their homes. 

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.

What Does Sarasota Homeowners Insurance Cover?

While home insurance in Sarasota, Florida, covers all types of things, we’ll go over what you can expect from your homeowners insurance policy. If you have renters, condo, or mobile home insurance in Sarasota, Florida, your coverage may look a bit different. 

From weather-related perils like hurricanes, tornadoes and torrential rains to unexpected disasters like house fires, burglaries and even dog bites, Sarasota home insurance covers a variety of 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 with your homeowners insurance policy and some examples of each.

How to Get Sarasota Home Insurance Quotes

All you need to do to get the best insurance company on your side is gather home insurance quotes in Sarasota, Florida. It takes just a few minutes, is completely free, and you can gather all the quotes you need right here at Clovered. 

You can also contact one of our many licensed insurance agents in Sarasota, Florida, to get the right policy for you. They’re available from 8:30 a.m. to 6 p.m. Monday through Friday at 833-255-4117, or you can email them anytime at agent@clovered.com.