Average Rates for Home Insurance in St. Cloud, Florida by Company The law doesn’t mandate homeowners insurance in St. Cloud, but mortgage lenders can. If you have a mortgage on your home, your lender will require you to maintain coverage for the life of the loan. If you don’t have a mortgage, no one will require you to have a St. Cloud home insurance policy. But, it’s always a good idea to have coverage, or else you risk paying for all property damage out of pocket.
Key Takeaways
- The average homeowners insurance cost in St. Cloud, Florida, is about $2,472 per year.
- Heritage, American Integrity, and Florida Peninsula had the cheapest home insurance in St. Cloud, based on our agency data.
- The best way to save money on homeowners insurance is to shop around and compare quotes from several companies, which is made easier with the help of an independent insurance agency.
How Much Is Home Insurance in St. Cloud, Florida?
On average, St. Cloud home insurance costs about $2,472 annually, which is about 13% below the average statewide rate of $2,857 in Florida.
Homeowners insurance rates vary by location, as insurers consider property characteristics to determine premiums. Florida tends to have higher rates than other states due to the general risk of hurricane damage and high property values.
However, these variables are amplified in coastal cities where the odds of a direct hurricane hit are greater. Consequently, these effects diminished in more central parts of Florida, such as St. Cloud, which are generally cheaper with lower chances of experiencing hurricane damage. This partly explains why St. Cloud’s rates are below the state average.
Rates vary by company, too. As an independent agency, we can list average rates our policyholders in St. Cloud pay to serve as a reference when you shop for coverage.
| Company | Average Premium |
|---|---|
|
Heritage |
$1,492 |
|
American Integrity |
$1,668 |
|
Florida Peninsula |
$1,874 |
|
Citizens |
$2,396 |
|
Swyfft |
$2,400 |
|
Edison |
$3,093 |
|
TypTap |
$4,837 |
|
American Platinum |
$5,049 |
|
Average |
$2,472 |
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Companies With the Cheapest Homeowners Insurance in St. Cloud
Heritage and American Integrity offer some of the cheapest homeowners insurance in St. Cloud, according to our data. However, you may be able to find cheap homeowners insurance in St. Cloud from any company, depending on your home and personal details, as many factors influence rates.
You can increase your chances of finding a good deal on home insurance by shopping around for coverage. Compare quotes from several providers before picking a policy to verify you’re getting a good deal.
Policies are typically active for one year before your provider reevaluates your coverage and potentially changes your premiums for the next term. The time around your policy renewal is a good time to shop around for coverage again to see if you can save by switching carriers.
The Best Homeowners Insurance Companies in St. Cloud
The choice for the best St. Cloud insurance in Florida isn’t straightforward since people will weigh rates, coverage needs, budget, and personal preference among carriers differently. We want to provide you with information to inform your decision.
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.
Heritage
Demotech Rating
A
NAIC Complaint Index
0.78
Average Premium
$1,492
Heritage Property & Casualty Company is a regional insurer created in 2012, licensed to operate in several states, including many on the East Coast and California. It’s publicly traded on the New York Stock Exchange.
American Integrity Insurance
Demotech Rating
A
NAIC Complaint Index
1.48
Average Premium
$1,668
Established in 2006, American Integrity Insurance has become one of the five largest home insurers in Florida with over 300,000 policyholders in the state. Since its founding, the company has expanded its coverage to Georgia and South Carolina and gone public, trading on the New York Stock Exchange.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$1,874
Florida Peninsula Insurance Company was founded in 2005 and focuses on offering coverage in its namesake state. With over 150,000 policies in force in Florida, it just cracks the top ten list of Florida’s largest home insurers.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$2,396
Citizens Property Insurance Corporation is Florida’s state-run home insurer of last resort. It’s a non-profit entity that provides property insurance to state residents who are unable to obtain coverage in the traditional, private market.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$2,400
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$3,093
Established in 2006, Edison Insurance Company offers home insurance primarily in Florida through independent agents, like our team at Clovered. It was acquired by Florida Peninsula Insurance Company in 2010, although it still has its own book of business.
TypTap
Demotech Rating
A
NAIC Complaint Index
1.48
Average Premium
$4,837
TypTap Insurance Company was founded in 2006 and offers home insurance in over a dozen states. It’s primarily distributed through independent agents, like ours at Clovered.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$5,049
American Platinum Insurance Company, founded in 2011, is a subsidiary of Universal Insurance Holdings, offering home insurance coverage in Florida and Georgia. Policies are available exclusively through independent agents at Clovered.
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St. Cloud Homeowners Insurance Coverages
While rates vary by company, the coverages in policies typically remain the same. The most common type of homeowners insurance policy is called the HO-3 form, which contains the following coverage areas:
| Coverage | Definition |
|---|---|
|
Dwelling Coverage |
Coverage A, or dwelling coverage, covers the structure and components of your home, including the roof, walls, windows, flooring, foundation, water heater, pipes, and more. |
|
Other Structures Coverage |
Coverage B, or other structures coverage, guards features on your property not attached to your home, such as sheds, carports, fences, and more. |
|
Personal Property Coverage |
Coverage C, or personal property coverage, financially protects your belongings, including furniture, electronics, clothing, jewelry, tools, and more. |
|
Loss of Use Coverage |
Coverage D, or loss of use coverage, comes into play if your home has been rendered unlivable by a covered loss, such as a fire or hurricane. Your insurance company can cover lodging, gas, groceries, and other necessities while you’re displaced. |
|
Liability Coverage |
Coverage E, or liability coverage, kicks in if you’re found liable for someone’s injury or property damage after a lawsuit. Your insurer can cover medical bills, legal fees, and more. |
|
Medical Payments Coverage |
Coverage F, or medical payments coverage, is designed to cover minor injuries someone suffers, regardless of fault. |
How to Get Home Insurance Quotes in St. Cloud, Florida
It’s essential to compare multiple carriers when getting homeowners insurance quotes in St. Cloud. At Clovered, we aim to make this easy. We’re an independent insurance agency that can help you weigh your coverage options quickly and easily.
Clovered was founded in 2016 and is headquartered in South Florida. We’re very familiar with the difficulties of finding coverage in the state, and we want to help you find the coverage you need at the price you want.
You can use our online quoting tool to compare policies from the top companies. You can also quote with the help of a licensed agent by calling us at 833-255-4117 during business hours. We’re happy to assist. You can also email us at agent@clovered.com with any questions.
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St. Cloud Home Insurance FAQs
Is homeowners insurance required in St. Cloud, Florida?
What is wind mitigation in St. Cloud?
Wind mitigation involves outfitting your home with certain features that reduce the likelihood of wind damage, such as roof attachments and hurricane doors and windows. Homeowners who implement wind mitigation on their homes are legally obliged to receive lower insurance premiums. Getting a wind mitigation inspection on your home can help you save big on home insurance.
What affects the average cost of home insurance in St. Cloud?
Insurance companies examine many variables to determine premiums. Normally, houses that are riskier to cover, meaning more likely to generate an insurance claim, have higher premiums. Several factors, like home age, size, features, construction style, and claims history, determine property risk.
Do you need flood insurance in St. Cloud, Florida?
You only need flood insurance in St. Cloud if your lender requires it, which will happen in high-risk federally designated flood zones. In the city, properties near the shore of East Lake Tohopekaliga and other waterways in the city may be in these areas, as determined by the Federal Emergency Management Agency (FEMA), which maintains flood risk maps for the country.
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?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
