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Compare Home Owners Insurance Rates |
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A tool to compare rates from company to company and county to county.
Here is a link to a site provided by the state of Florida that lets you compare average home owners insurance rates from one company to another. It also lets you compare average rates from one county to another, making it a great tool when trying to decide which part of Florida offers the lowest cost of living.
Shop & Compare Home Owners Insurance
Below I've compared several counties here in Florida to Ocala, Marion County. I used State Farm as the basis for my comparison because it's the largest property insurer in the state.
You'll notice the difference between Ocala real estate insurance costs and the south Florida counties is dramatic. Adjoining counties like Lake, Sumter & Citrus are much more reasonable.
- Marion ...............$1,182
- Miami Dade.........$7,600
- Sarasota.............$3,873
- Brevard...............$3,755
- Collier .................$6,279
- Palm Beach..........$8,391
- Monrow ............$13,973
- Saint Lucie ..........$5,728
- Citrus..................$1,700
- Lake....................$1,182
- Sumter................$1,182
These numbers are based on a 5-year old, Florida concrete block home, with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims, and no wind mitigation discounts. I can't imagine where they found a $150,000.00 house in some of these So.Florida counties.
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