Average Cost of Tallahassee Home Insurance by Company meowners insurance isn’t required by law in Tallahassee. However, it will be required by mortgage lenders if you have or are seeking a mortgage on a house. You must maintain home insurance for the life of your loan if you’ve got one.
Key Takeaways
- The average cost of homeowners insurance in Tallahassee is about $1,402 per year, which is quite affordable compared to typical Florida standards.
- Slide, Citizens, and People’s Trust had the cheapest home insurance in Tallahassee, according to our data.
- The best way to save on coverage is to use insurance agents in Tallahassee, Florida, who can help you compare plans, understand policy options, and find savings.
How Much Is Home Insurance in Tallahassee, Florida?
On average, home insurance in Tallahassee, Florida, costs about $1,402 annually. The average rate in this major Florida city is about 50% below the state average of $2,857 for home insurance.
Generally, Florida is one of the most expensive places in the nation for homeowners insurance. Its location along the Atlantic and the Gulf puts homes in the state at an exceptional risk of hurricanes, severe storms, and high winds. With this increased risk comes increased premiums.
However, Tallahassee and many other northern, inland Florida cities are shielded from the brunt of hurricane damage and get relief from the state’s expensive rates as a result.
As Tallahassee independent insurance agents, we can present real premiums from some of our policyholders in and around the city.
|
Company |
Average Premium |
|---|---|
|
Slide Insurance Company |
$1,118 |
|
Citizens |
$1,226 |
|
People’s Trust |
$1,288 |
|
Florida Peninsula |
$1,496 |
|
Olympus |
$1,638 |
|
American Platinum |
$1,909 |
|
Swyfft |
$2,030 |
|
Safepoint |
$2,159 |
|
Edison |
$2,305 |
|
Average |
$1,402 |
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 Cheapest Homeowners Insurance in Tallahassee
According to our data, the cheapest home insurance in Tallahassee can be found with Slide, Citizens, and People’s Trust. Nevertheless, remember that these premiums are averages, and you may find differently when quoting due to property or personal characteristics.
Slide and Peoples Trust primarily operate in Florida, and a concentration of policies in less risk-averse areas of the state may lower average premiums at these carriers. Citizens, the other most affordable option on the list, always tends to have lower premiums because it’s the only provider on the list that isn’t a private company.
Citizens is a state-run insurer of last resort established for people who have trouble finding coverage for their property in the standard market. You can only qualify for Citizens coverage if you get three quotes from private carriers, and their offerings are all over 20% more than Citizens’ quote for you.
The Best Homeowners Insurance Companies in Tallahassee, Florida
You’ll want to look at a few factors to determine the best home insurance company. Independent Tallahassee insurance agencies, like our team at Clovered, are the ideal pick for helping you decide, as they partner with multiple companies to help you find the right coverage.
At a glance, 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.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$1,118
Slide Insurance Company was founded in 2021 and began operations offering home insurance in 2022. Available in Florida and South Carolina, the company currently has over 300,000 policyholders in the Sunshine State, making it one of Florida’s largest.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$1,226
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.
People’s Trust
Demotech Rating
A
NAIC Complaint Index
1.44
Average Premium
$1,288
People’s Trust Insurance Company was established in 2008 and offers home insurance exclusively in Florida. The company prides itself on its business model, which differs from most carriers in that it retains a network of preferred contractors for claims.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$1,496
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.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$1,638
Olympus Insurance Company has offered home insurance solely in Florida since its founding in 2007, with a general focus on higher-value homes and a count of over 70,000 policyholders.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$1,909
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.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$2,030
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
Safepoint
Demotech Rating
A
NAIC Complaint Index
3.91
Average Premium
$2,159
Safepoint Insurance has specialized in insuring property in coastal regions since 2013. They sell their policies through independent agents and offer homeowners insurance coverage in seven states.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$2,305
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.
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.
Tallahassee Home Insurance Coverages
Standard homeowners insurance policies are divided into sections specified to cover different areas of your property and your financial well-being. A typical Tallahassee home insurance plan will include the following:
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage covers the structure of your home, including the roof, walls, flooring, patios, piping, and more, from covered peril damage. |
|
Other Structures Coverage |
Other structures coverage safeguards fixtures on your property that aren’t attached to your main house, such as fences, detached garages, and sheds. |
|
Personal Property Coverage |
Personal property coverage protects your belongings in and around your property, like electronics, furniture, jewelry, clothing, and tools. |
|
Loss of Use Coverage |
Loss of use coverage helps pay living expenses if your house gets significantly damaged and you must relocate while it’s repaired. Your insurer can cover lodging, groceries, gas, and more. |
|
Liability Coverage |
Liability coverage financially guards you if you’re found liable in a lawsuit for someone’s injuries. Your insurer can pay medical bills, legal fees, and more. |
|
Medical Payments Coverage |
Medical payments coverage is designed to cover minor medical expenses if someone is hurt around your property, regardless of fault. |
How to Get Home Insurance Quotes in Tallahassee
You should always compare quotes from multiple providers when looking for insurance policies. Clovered makes this easy with an online quote engine that enables you to compare plans from top insurance companies in Tallahassee to find the right coverage at the right price. We want to help you find the best rate possible.
We’re headquartered in Florida and have helped thousands in the state and across the country find coverage. You can also call one of our licensed agents at 833-255-4117 during business hours or email us at agent@clovered.com with coverage questions.
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.
Tallahassee Homeowners Insurance FAQs
Is homeowners insurance required in Tallahassee?
What is wind mitigation in Tallahassee?
Wind mitigation is the term for certain structural aspects of your home that can reduce wind damage, such as roof characteristics and hurricane windows. Insurers in Florida must discount premiums for homes that pass a wind mitigation inspection. Wind mitigation is a significant way to save on homeowners insurance.
What type of insurance do renters need in Tallahassee?
Due to significant colleges in the Tallahassee area, many city residents rent their dwellings. Renters need a different type of home insurance, aptly called renters insurance. Renters insurance in Tallahassee, Florida, primarily covers tenants’ personal belongings and liability, so it’s significantly cheaper than homeowners insurance coverage.
What factors affect the cost of home insurance in Tallahassee?
Every house is different, which means there’s plenty to consider for every property insured. Some major factors that influence rates include the age and condition of your home and roof, claims history, and chosen policy coverage choices and deductibles.
Do you need flood insurance in Tallahassee?
Your lender will require flood insurance in Tallahassee if you live in a federally designated high-risk flood zone. The Federal Emergency Management Agency (FEMA) creates and maintains flood maps nationwide. While only those in high-risk areas will be required to purchase a policy by a lender, FEMA notes that over 20% of flood insurance claims come from outside high-risk zones and suggests everyone look into buying a policy to protect their house because homeowners insurance doesn’t cover flood damage at all.
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.
