Homeowners Insurance in Sebring, Florida

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  • Homeowners Insurance in Sebring, Florida

Historic Sebring on the sandy shores of Lake Jackson is a prime example of central Florida living. Even though Sebring is far away from either coast, it’s not entirely safe from hurricanes and tropical storms.

Residents should invest in the proper homeowners insurance coverage in Sebring to protect their properties from many weather-related threats and other events out of their control that can damage their homes in Florida.

We break down the numbers and tips you should know to find the best homeowners insurance in Sebring below.

How Much Is Homeowners Insurance in Sebring, Florida?

Homeowners insurance in Sebring costs about $2,722 annually on a $150,000 house, $4,863 on a $300,000 house, and $7,006 on a $450,000 house.

Florida consistently ranks among the country’s most expensive states for home insurance. Fortunately, for Sebring residents, rates in the city are about 11% below the state average, likely due to Sebring’s inland location that shields it from direct hits from hurricanes and tropical storms. Coastal cities that are much more exposed to hurricanes have higher insurance costs.

The following table depicts average rates from nine common carriers in Sebring depending on home value.

Average Cost of Homeowners Insurance in Sebring
Company $150,000 House $300,000 House $450,000 House
Allstate $1,916 $3,424 $4,935
Citizens $1,385 $2,471 $3,558
Florida Penn $2,779 $4,963 $7,149
Liberty Mutual $1,785 $3,183 $4,583
People’s Trust $1,921 $3,431 $4,943
Southern Oak $3,787 $6,785 $9,785
State Farm $3,178 $5,682 $8,188
Stillwater $1,129 $2,020 $2,911
Universal Property $4,239 $7,578 $10,921
Average $2,722 $4,863 $7,006
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.

While rates vary by company, premiums always rise as home value increases. This is typical, as larger homes have higher replacement costs. The replacement cost of a house is the cost of rebuilding or repairing it based on materials and labor. 

Replacement cost is one of many metrics that insurers examine when determining rates. Two more critical factors, your home’s age and its wind mitigation measures, affect a dwelling’s ability to withstand damage. We’ll break down the effects of these variables below, starting with $150,000 homes.

Cost of Homeowners Insurance on $150,000 House in Sebring
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $2,721 $1,637 $1,389
Citizens $1,889 $957 $1,310
Florida Penn $3,564 $2,473 $2,300
Liberty Mutual $2,196 $1,459 $1,699
People’s Trust $2,757 $1,459 $1,547
Southern Oak $6,347 $3,196 $1,817
State Farm $4,696 $2,583 $2,255
Stillwater $1,719 $917 $752
Universal Property $7,124 $2,551 $3,043
Average $3,921 $2,133 $2,110

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.

Florida Office of Insurance Regulation Premium Consideration Factors
Home Construction Coverage Definition
*Wind Mitigation 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.
Pre-2001 Construction w/ No Wind Mitigation These premiums represent homes built before 2001 with no wind mitigation features.
Pre-2001 Construction w/ Wind Mitigation These premiums represent homes built before 2001 with maximum wind mitigation features.
2001-Present Construction These premiums represent homes with limited wind mitigation features and no hip roof built from 2001, when Florida redesigned its building codes and mandated that new construction withstand hurricane-force winds better. 

Wind mitigation lowered premiums on older $150,000 homes by $1,788 annually, on average. Wind mitigation is so impactful in Florida because of the annual threat of hurricanes and tropical storms. These events can cause insurance companies millions in claims, so any home that reduces its chances of damage with wind mitigation receives lower premiums.

Observe homeowners insurance rates in Sebring on $300,000 homes below.

Cost of Homeowners Insurance on $300,000 House in Sebring
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $4,898 $2,947 $2,429
Citizens $3,400 $1,723 $2,290
Florida Penn $6,415 $4,451 $4,021
Liberty Mutual $3,953 $2,626 $2,970
People’s Trust $4,963 $2,626 $2,704
Southern Oak $11,425 $5,753 $3,177
State Farm $8,453 $4,649 $3,943
Stillwater $3,094 $1,651 $1,315
Universal Property $12,823 $4,592 $5,320
Average $7,058 $3,840 $3,690

Wind mitigation can still save you thousands annually. Newly constructed houses often had the lowest rates of all because their updated elements and construction techniques withstand damage the best. Old roofs, siding, and plumbing degrade over time and are more likely to fail or suffer damage during a storm. Insurance companies don’t have to stress about outdated systems or out-of-date building codes with new homes.

The final table shows average premiums on $450,000 homes in Sebring.

Cost of Homeowners Insurance on $450,000 House in Sebring
Company Pre-2001 No Wind Pre-2001 w/Wind 2001-Present
Allstate $7,075 $4,256 $3,473
Citizens $4,911 $2,488 $3,275
Florida Penn $9,266 $6,430 $5,750
Liberty Mutual $5,710 $3,793 $4,247
People’s Trust $7,168 $3,793 $3,867
Southern Oak $16,502 $8,310 $4,543
State Farm $12,210 $6,716 $5,638
Stillwater $4,469 $2,384 $1,880
Universal Property $18,522 $6,633 $7,608
Average $10,195 $5,546 $5,276
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.

Companies With the Cheapest Homeowners Insurance in Sebring, Florida

In most cases, Stillwater had the cheapest homeowners insurance in Sebring, although this can change based on policyholder details and location. It’s hard to know which company is the most affordable overall until you get quotes.

Stillwater is an insurance carrier based in Jacksonville that offers its products nationwide. It’s not as well-known as other national brands like Allstate and State Farm, but it may have better rates in Florida.

However, you won’t know which company is the cheapest for you until you get quotes, as many factors affect premiums. You should always compare quotes from multiple providers before buying coverage. You can get quotes on your own, or you can consult the help of a home insurance agency in Sebring, Florida.

We recommend quoting with different types of insurers. For example, you can start with large, popular choices like State Farm. But, don’t write off smaller regional insurers that may specialize in Florida or have better customer service and claims procedures.

Sebring Homeowners Insurance Coverages

No matter what company provides your policy, you should receive the same coverages in your Sebrong homeowners insurance. Every plan covers six general areas of your property and liability, briefly summarized below:

Sebring Homeowners Insurance Coverages
Coverage Definition
Dwelling Coverage Dwelling coverage covers your home’s physical structure, including the roof, walls, patios, floor, pipes, water heater, and more.
Other Structures Coverage Other structures coverage covers features on your property that aren’t attached to the main house, such as fences, pools, detached garages, and sheds.
Personal Property Coverage Personal property coverage covers your belongings, including furniture, clothing, televisions, computers, jewelry, and more.
Loss of Use Coverage Loss of use coverage covers living expenses you incur if you must move out of your home after it suffers major damage. Your insurer can cover lodging, meals, and more while you’re displaced. 
Liability Coverage Liability coverage covers legal fees and the injured party’s medical bills if you’re found legally liable for causing an injury.
Medical Payments Coverage Medical payments coverage covers minor medical expenses if someone gets hurt at your property, regardless of fault.

How to Get the Best Homeowners Insurance in Sebring, Florida

The best homeowners insurance in Sebring covers your home, belongings, and liability wholly. The best plan will look different for every person since each policyholder has different coverage needs and financial situations. 

You should tailor your policy to your circumstances. Once you’ve identified your coverage needs, you can take certain steps to save money.

Adjust Your Policy

When you get quotes, you have the final say on most of your policy limits. Ensure that you don’t underinsure yourself. We recommend creating a home inventory to determine the exact amount of personal property coverage you need. 

Also, we encourage you to increase your liability limits beyond the minimum. Most insurers require at least $100,000 and suggest at least $300,000. We think it’s better to be safe than sorry and have enough liability coverage to cover your assets entirely, ranging from $300,000 to $500,000 for most people. 

Increasing your liability limits is relatively affordable compared to raising other limits in your policy, and you can usually get up to $1 million in coverage before you need an umbrella policy.

Seek Savings

Once you know what you need, you can make an effort to save money, such as adjusting your deductible. Your deductible is the dollar amount property damage must exceed before you can file a claim for your insurance company to cover it. Common deductibles range from $500 to $2,500.

Choosing a higher deductible will lower your premiums since you’re taking on a larger responsibility of covering some damage out of your own pocket. Strike a balance with your deductible and your cash on hand.

The most proven way to save money on the best homeowners insurance in Sebring is to shop around, see your options, and find the coverage you need at the price you want. 

Compare rates, endorsements, and discounts from several providers. Taking the time to get multiple quotes will pay off. If needed, you can seek the help of an insurance agent in Sebring, Florida. 

Sebring insurance agents have local knowledge and expertise and can help you compare rates from multiple providers.

What to Know About Flood Insurance in Sebring

While we’re discussing your property’s protection, we want to mention the most common natural disaster in the country: flooding. Homeowners insurance never covers flood damage; you’d need a separate flood insurance policy to guard your home.

Due to the frequency and severity of floods nationwide, home insurers can’t afford to cover them in their policies. Instead, you need flood insurance.

Florida is especially prone to flooding due to its low-lying terrain and abundant water sources. No home is totally safe from flooding in Sebring. Flash flooding after heavy storms or hurricanes can cause issues, and homes along one of the many lakes can be especially prone.

You should look into flood insurance in Sebring for peace of mind and complete protection.

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?

Factors Affecting the Cost of Home Insurance in Sebring, Florida

Insurance companies determine Sebring homeowners insurance rates through underwriting, which is the process of risk analysis. Carriers examine many variables to assess the risk of insuring you. Anything that increases the risk will raise your rates.

Some of the most important factors home insurance companies in Sebring examine are:

  • Location
  • Home construction materials
  • Claims history
  • Policy details

Homes in damage-prone locations, such as hurricane-prone or high-crime areas, can have higher rates.

Masonry homes tend to withstand fire and wind damage better than wooden frame homes and often have lower rates. Additionally, certain roof and foundation types can lead to lower premiums.

Opting for higher coverage limits and endorsements can raise your rates, while qualifying for discounts and raising your deductible can lower premiums. Having a history of filing claims can also increase your rates, as insurers believe you’re more likely to file another than someone who has never made a claim.

And, as we mentioned earlier, replacement cost, home age, and wind mitigation also play important roles in premiums.

Is Home Insurance Required in Sebring?

No law requires homeowners insurance in Sebring. However, your mortgage lender can and likely will make you have a home insurance policy.

Mortgage lenders require borrowers to maintain homeowners insurance for the life of the loan. Their reasoning is simple. A lender puts a lot of money down on your house to help you make the purchase. It’s an investment for them.

If something happens to that investment, such as a fire or hurricane destroying your property, the insurance policy provides an easy way for them to get their money back. The insurer will reimburse you and your lender.

If you don’t get your own coverage, your lender will force place insurance on you. If you pay off your mortgage or bought your home with cash, no entity will require you to maintain home insurance, but that doesn’t mean you shouldn’t have it. We always encourage you to get home insurance, as it’s the best safety net you can have for your home and belongings.

How to Get Home Insurance Quotes in Sebring, Florida

Getting homeowners insurance quotes in Sebring is typically done online or over the phone. As a forward-thinking, independent insurance agency, our team at Clovered can help you in whichever way you prefer.

Use our online quoting tool to compare options and find a policy in minutes. All you need is some basic information about yourself and your property. If you need any help along the way, you can live chat with one of our licensed agents on standby.

Or, if you’d rather get your whole quote over the phone, feel free to call us at 833-255-4117 during business hours. We’re based in South Florida, so we’re very familiar with the insurance needs of the Sunshine State. Let us help you with your Sebring homeowners insurance quotes.

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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