Lakeland Insurance Rates:

Lakeland, FL home insurance is about $975 to $1,321, about $81-$110/month. Our extensive research shows customers can save upto $458 by comparing many quotes

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Lakeland Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $1660/10 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $170,000

4 Beds, 4 Bath 1820 sqft Seasonal Residence Constructed In 2013 with Hardwood Flooring, Composition Roof, Chainwall Foundation, Vinyl siding, Stucco Construction. Home Features Include Swimming Pool, Fire Extinguisher, Central Air Conditioning, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

74 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $3620/10 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $220,000

4 Beds, 4 Baths 2410 sqft Rental Property Constructed In 1990 with Ceramic Tile Flooring, Composition Roof, Chainwall Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Copper Water Pipes, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

53 Years old Married Male who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $670/3 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $120,000

3 Beds, 3 Baths 1280 sqft Rental Property Constructed In 1981 with Hardwood Flooring, Wood Shake Roof, Slab Foundation, Vinyl siding, Wood Frame. Home Features Include Swimming Pool, Fire Extinguisher, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Married Male who is a Freelancer with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1460/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $255,000

4 Beds, 4 Baths 3010 sqft Rental Property Constructed In 1984 with Carpet Flooring, Wood Shake Roof, Chainwall Foundation, Stone Siding, Metal Frame Construction. Home Features Include Fireplace, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

50 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $2150/7 months for $150,000-$175,000 Coverage
Policy Holder Home Details :

Home Value : $235,000

4 Beds, 4 Baths 2691 sqft Primary Residence Constructed In 2000 with Carpet Flooring, Membrane Roof, Piers Foundation, Stone Siding, Wood Frame. Home Features Include Swimming Pool, Indoor Sprinklers, Central Air Conditioning, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

34 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Lakeland, FL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
33805 $87,100 $1,130
33801 $83,600 $1,130
33815 $30,900 $1,090
33809 $140,200 $1,170
33803 $137,400 $1,160
33810 $128,000 $1,160

Lakeland Rates & Quotes Analysis:

Lakeland Area Estimated House Insurance
N Citrus Grove Blvd, Brangus Dr, Eight Point Ln, Laurel Glen Dr, Pas Ln, E Palm Dr, Lake Cove Ln, Stanhope Ave, US Hwy 98 S, Conrad St$1,199
N South Rte, W End Ave, Bonnybrook Dr S, Paul St, Ridgeview Dr, McIntosh Dr, Louise Dr, Kenilwood Ln, McKay Ct, Hunters Greene Blvd$1,161
Neptune Rd, Micanopy Dr, Hallamwood Trl W, Forest Park St, Country Rd, Robertson St, Fairway Ave, Renes Ave, Tenoroc Mine Rd, Hancock Ave SE$1,128
Holloway Shores Dr, Stanford Dr, W Do Wee Ct, Lime Ave SE, Denton St, Duff Meadows Trl, Mount View Dr, Tall Pines Trl, N Lazy Lake Dr, Taylor Rd E$1,149
Congenial St, Olive St, N Vermont Ave, Flamingo Ave, Kitty Fox Ln, Walker Cir W, Mayaguez Rd, Wellsford Dr, Francis Blvd, Carleton St$1,148
Robinswood Ct N, Perch Pl, Busy Bee Ln, Verandah Vue Dr, Al Kaline Dr, Thomasville Ln, Hibiscus Pkwy W, Geranium Loop, Grove Cir, Oakleaf Dr$1,120
Queens Loop S, John Arthur Way, N Lake Parker Ave, Oconee St, Country Oaks Ln, Thomasville Dr, Sunny Ln, Lismore Dr, South Rd, Kenilworth Pl$1,150
Lazy Oaks Ln, Sunset Way, Martha Ave, N Kentucky Ave, S Kentucky Ave, Howard Rd, Northshore Dr, Colorado Ct, Watson Oaks Ct, Hendricks Rd$1,121
Perkle Rd, Lantana Ln, Suncrest Ave, Phipps Rd, Jennifer Dr, State Hwy 471, Old Spanish Trl, Walnut Cir N, Haymarket Dr, Carleton St$1,138
S Hampton Dr, Tavares Rd, Caracara Cir S, Driftwood Dr, Palmer Rd, Queen St, Crystal Lake Acres Dr, Sandy Knoll Cir S, Jordan Heights Dr, Marla Ave$1,136

Insurance rates are influenced by a number of factors including:

  • Year Built: 20,581 Homes (18% of total) built between 1970 to 1979 in Lakeland are paying home insurance between $1,861-$1,878 and differs from Lakeland Highlands (+$92), Medulla (+$45), Highland City (+$29), Combee Settlement (-$43) and Fussels Corner (-$59).
  • Bedrooms: 35,559 2 bedrooms homes (33% of total homes ) in Lakeland are paying about $666 and differs from Lakeland Highlands (+$33), Medulla (+$17), Highland City (+$10), Combee Settlement (-$4) and Fussels Corner (-$21).
  • Auto Insurance Bundling: 12,030 Households (18% of all households) in Lakeland have 3 or more vehicles available and when it is bundled with home insurance you can save $286. Discounts for similar bundling in close by locations such as Kathleen, Combee Settlement, Crystal Lake come to $286, $280, $280 respectively.
  • Senior Discounts: 36,519 seniors (more than 55 years) occupied housing units (56% of total) in Lakeland get discounts between $171 to $174. The comparative concessions in proximate regions such as Kathleen, Combee Settlement and Polk City are $171, $168 and $172 respectively.
  • New Homes discounts: New homes such as the 46,991 homes built between 2000 to 2009 in Lakeland can save $229 compared to Kathleen ($228), Combee Settlement ($224), Crystal Lake ($224).

Lakeland Homeowners insurance Facts

  • Lakeland, FL has 64,544 owner occupied houses which is 68.6% of all units whereas Kathleen, Combee Settlement and Crystal Lake have 81.14%, 59.29% and 57.03% respectively.
  • Lakeland, FL homeowners yearly insurance price at $1,147 is 0.9% of the typical house value of $127,200 which is in contrast with 0.95% in Kathleen, 1.37% at Combee Settlement & 1.36% in Crystal Lake.
  • Homeowners in Lakeland, FL pay 3.53% of their income ($30,000 to $34,999) in insurance whereas homeowners in Kathleen, Combee Settlement and Crystal Lake pay 3.52%, 3.45% and 3.45% respectively.
  • Lakeland, FL’s insurance is 7.2% of monthly housing costs of $1,326/month, for owners with a mortgage compared to 8.9% in Kathleen, 10.27% at Combee Settlement & 9.96% in Crystal Lake. But, for households without a mortgage, insurance is 22.5% of costs ($425 in Lakeland, FL) in contrast with 25.56% in Kathleen, 35.25% at Combee Settlement & 26.09% in Crystal Lake.

Lakeland, FL Home Values & Insurance rates

For example, insurance for 2,646 Homes (4.0% of total homes ) valued between $60,000 to $69,999 in Lakeland, FL is about $584. Rates in nearby areas in such as Polk City, Auburndale, Medulla are cheaper by $10, $10, $149 respectively while Kathleen and Combee Settlement are costlier by $33 and $301 respectively for similar homes.

Lakeland, FL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 10,162 16.0% $217
$50,000 to $59,999 2,297 3.0% $470
$60,000 to $69,999 2,646 4.0% $584
$70,000 to $79,999 2,956 4.0% $665
$80,000 to $89,999 3,688 5.0% $757
$90,000 to $99,999 2,951 4.0% $848
$100,000 to $124,999 7,089 11.0% $986
$125,000 to $149,999 5,601 9.0% $1238
$150,000 to $174,999 6,885 11.0% $1456
$175,000 to $199,999 4,359 7.0% $1686
$200,000 to $249,999 6,366 10.0% $2030
$250,000 to $299,999 3,737 6.0% $2477
$300,000 to $399,999 3,036 4.0% $3154

Renters Insurance in Lakeland

  • Average Renters Insurance in Lakeland :  $174($14/month)

  • Median Gross Rent in Lakeland :  $889

  • Lakeland Renters Insurance to Median Rent Ratio:  1.57%

  • Average household size of renter-occupied unit :  2.81

Lakeland Renters Insurance as a Percentage of Rent

Lakeland Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 545 1.0% $793
$300 to $499 1,417 5.0% $1243
$500 to $749 6,428 23.0% $1918
$750 to $999 9,393 33.0% $2668
$1,000 to $1,499 7,880 28.0% $3793
$1,500 or more 1,842 6.0% $5443

Rent Affordability in Lakeland:

Approximately 49.0% (14,500) of households are spending more than 35% of their income on gross rent in Lakeland

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,451 8.0%
15.0 to 19.9 percent 3,070 10.0%
20.0 to 24.9 percent 3,783 12.0%
25.0 to 29.9 percent 3,023 10.0%
30.0 to 34.9 percent 2,723 9.0%
35.0 percent or more 14,500 49.0%

Protective device discount in Lakeland Up to :  $26

Claims-free discount in Lakeland Up to :  $34