Homeowners Insurance in St. Petersburg, Florida

Average Homeowners Insurance Cost in St. Petersburg, Florida

The average home insurance cost in St. Petersburg, Florida, is about $2,664 annually. Home insurance in here costs around the same as Florida’s average home insurance rate of $2,857, but it’s significantly cheaper than rates in other notable coastal cities in Florida, like Miami and Fort Lauderdale.

A major factor in this cost is the city’s vulnerability to hurricanes from the Gulf. In Florida, the chance of severe weather throughout the state is something all insurers consider, but coastal cities like St. Pete tend to bear the brunt of this burden. 

We’ve collected some data from our customers with home insurance policies in St. Petersburg. Let’s look at what companies are charging our customers, on average, for their home insurance policies, so you can get a better idea of what you might pay for home insurance in this coastal city.

Calculating risk is a large part of determining each policyholder’s St. Petersburg home insurance cost. The way each insurance company does it varies, but we know that some factors are calculated no matter what. These include:

• Age of your home
• Condition of your roof
• Your credit and claims history
• The extent of coverage and deductible you choose
• If your provider has seen an unexpected increase in claims as a company

Beyond these, another significant consideration for St. Petersburg homeowners insurance is the chance of natural disaster. 

Wind mitigation can also make a big difference in your rate. Passing a wind mitigation inspection by retrofitting your home with wind-resistant materials can save you thousands of dollars while improving the safety of your home. Newer houses tend to have more effective wind mitigation measures already built in, like impact-resistant windows or doors, which is why these homes can be cheaper to insure.

Older homes, like those built over 20 years ago, weren’t built with such materials and, thus, can be at-risk during hurricane season, causing average premiums on these homes to rise. However, homeowners who install wind mitigation features on their older homes may be up for a discount on their premiums. 

Finding the Cheapest Homeowners Insurance in St. Petersburg, Florida

Getting home insurance that doesn’t break the bank can be tough, especially in Florida’s coastal cities. Luckily, there are plenty of insurance agencies in St. Petersburg, Florida, who want to help you find the right policy for your needs, and Clovered is one of them. 

We at Clovered understand that there are far more interesting things to spend your money on than home insurance, but few as important. So, let’s check out some of the insurers that offer our policyholders some of the best St. Petersburg home insurance at the lowest rates. 

Swyfft 

If you’re looking for cheap home insurance in St. Petersburg, Swyfft might be your top choice. On average, our customers spend about 40% below the state average when they bind a home insurance policy with Swyfft. Plus, you may be eligible for some of their discounts for going claims-free, paying your premiums annually, or installing a security system in your home. 

Edison

Our customers with policies through Edison also save nearly 40% on home insurance in St. Pete when compared to the state average. So, if the best policy for you is the cheapest one you can find, Edison may be the insurer for you. When you’re comparing quotes, don’t forget to check out their discounts for homes with fire safety devices or for senior citizens to see if you can save even more on your home insurance. 

Olympus

With Olympus, our customers spend about 23% below the state average on their home insurance premiums. So, if you’re looking to save on your home insurance premiums, you’ll want to check out what Olympus has to offer. 

The Best Home Insurance Companies in St. Petersburg, Florida

Finding the best home insurance in St. Petersburg, Florida, can be tough, but not impossible. Understanding what you need from your policy is the first hurdle in finding the best policy for your needs. Once you’ve narrowed that down, it comes down to figuring out which company will best suit your needs. 

Here at Clovered, we partner with several home insurance companies in St. Petersburg, Florida, to give our customers the best shot at finding a policy with great coverage and premiums that don’t break the bank. 

Here’s some information about the insurers who represent our policyholders in this coastal Florida city. Once you know more about these insurers, hopefully you can make the right choice for your needs.

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’s Covered with St. Petersburg Home Insurance?

Your home is likely the biggest investment you’ve made in your life. It seems only natural to financially protect it from disaster. This is where home insurance comes in. When purchasing a homeowners insurance policy, you’re not only safeguarding your home but other aspects of your life and property too.

Let’s take a look at what you can expect your St. Petersburg homeowners insurance policy to cover.

How To Get St. Petersburg Home Insurance Quotes

If you’re looking for home insurance in St. Pete, Universal may be a bargain waiting just around the corner. To see which company can offer you the right coverage at the best rate, be sure to utilize Clovered’s online quote engine. Clovered can pair you with a tailored policy and compare quotes from top providers in the state.

You can also call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m., or you can shoot us an email at agent@clovered.com to speak with a licensed and qualified agent.