Homeowners Insurance in Sarasota, Florida (2024)

But a big reason why Sarasota has been growing, and is pushing more than 60,000 residents, is its lower cost of living. Housing prices are much lower in Sarasota than in 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.

The average cost of homeowners insurance in Sarasota, Florida is $3,335 per year for a $150,000 house, $6,044 for a $300,000 house and $8,672 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).

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the most recent 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. The example premiums are based on a policy for a Florida masonry home with a $500 non-hurricane deductible, a 2% hurricane deductible and no claims in the past three years.

While these numbers certainly paint a picture, they don’t quite paint the whole picture. In Florida, insurers specifically look to two primary factors when determining one’s rates: home age and wind mitigation. Let’s see how insurers use these factors to categorize homes during premium consideration.

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.

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 State Farm, Tower Hill, and Citizens 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.

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: Citizens, People’s Trust, Safeco, 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.

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.

Coverage A, or dwelling coverage, is the part of your policy that protects the structure of your home. This means your walls, floors, foundation, and other components of your home are protected if a covered peril damages them.

Coverage B, or other structures coverage, is the coverage on your policy that will safeguard the elements of your property that aren’t attached to your main house. This may cover your garage, carport, pool, shed, or other structures if a covered peril damages them.

Coverage C, or personal property coverage, is the part of your policy that protects your belongings. This coverage may protect things like your fancy new leaf blower, computer, clothing, and much more if a covered peril damages them.

Coverage D, or loss of use coverage, may help you out if your home becomes unlivable due to damage caused by a covered peril. It may help you with expenses for basic necessities, like groceries, gasoline, or temporary housing.

Coverage E, or personal liability coverage, protects your liability if a guest injures themself on your property. It may help you cover medical or legal expenses for your guest’s injuries.

Coverage F, or medical payment coverage, can be used if a guest sustains a minor injury on your property. It can only be used for medical expenses. 

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.

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 [email protected].