Sarasota Insurance Rates:

Sarasota, FL home insurance is about $1,010 to $1,372, about $84-$114/month. Our comprehensive research reveals consumers can save upto $476 by comparing different quotes

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Sarasota Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Travelers
Home Insurance Rate of $2540/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $240,000

4 Beds, 4 Baths 2420 sqft Primary Residence Constructed In 2006 with Linoleum, Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Deadbolt Locks, Fire Extinguisher, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Married Female who is a Freelancer with household income of more than $150,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $1850/9 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $195,000

2 Beds, 2 Bath 1650 sqft Seasonal Residence Constructed In 1980 with Stone Flooring, Wood Shake Roof, Crawl Space Foundation, Brick siding, Stucco Construction. Home Features Include Central Air Conditioning, Fireplace, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

63 Years old Single Female who is Retired with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $450/2 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $170,000

3 Beds, 3 Bath 1360 sqft Vacation Property Constructed In 2012 with Ceramic Tile Flooring, Metal Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Copper Water Pipes, Fireplace, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

71 Years old Married Male who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

Home Insurance Rate of $580/2 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $170,000

3 Beds, 3 Bath 1290 sqft Vacation Property Constructed In 1975 with Ceramic Tile Flooring, Metal Roof, Chainwall Foundation, Stucco siding, Wood Frame. Home Features Include Fireplace, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Married Female who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $4830/10 months for $200,000-$250,000 Coverage
Policy Holder Home Details :

Home Value : $185,000

3 Beds, 3 Baths 1870 sqft Primary Residence Constructed In 1964 with Linoleum, Shingles Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Fire Extinguisher, Copper Water Pipes, Smoke Alarm, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Divorced Female who is a Freelancer with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Sarasota, FL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
34236 $575,300 $1,420
34240 $345,300 $1,280
34241 $295,000 $1,270
34243 $223,200 $1,210
34239 $198,600 $1,190
34233 $198,500 $1,210
34235 $179,400 $1,190
34237 $115,900 $1,150

Sarasota Rates & Quotes Analysis:

Sarasota Area Estimated House Insurance
Clematis St, S Owl Dr, Wilkinson Woods Dr, Secretariat Way, Cll de Rio, Juniper Pl, Pinecrest Way, W Milmar Dr, Palmadelia Ave, Marlborough Pl$1,154
Miguel Ln, Irving St, Colt Ln, Highland St, Medici Ct, Center Pl, Sunnyside Ct, Mill Ter, Aruba Pl, Greendale Dr$1,202
Columbus Blvd, Sunnydale Cir N, Spring Oaks Cir, S Lake Shore Dr, Mourning Dove Dr, Bucida Dr, Aventura Dr, Sylvan Lea Dr, Hamlets Blvd, Arch Way$1,327
Yellow Wood Pl, Middle Ave, Clover Ln, Espanola Ave, Patty Way, Chrysler Ave, Stonehaven Ln, Riviera Dr, Bradford Way, Gold Trees Way$1,175
Ainsley Pl, Winslow Beacon, W Paulstan Ct, Florida Ave, Mahony Ln, Bon Air Ave, Georgetowne Cir, Origami Ln, 44th St, Oriole Dr$1,222
Hina Dr, Freeman Ave, Bruce Ln, Harold Ave, Cipriani Way, Paota Pl, Glen Elyn Blvd, Three Oaks Blvd, Trentwood Pl, Systems Ct$1,173
Burns Ct, S Links Ave, Leisure Pl, Washington Ct, Herons Run Dr, Sesame St, Briar Creek Way, Piper Pl, Whitegate Ct, Garfield Dr$1,193
Waldemere St, Cattlemen Ln, Hamlet Grove Dr, 36th St, Dudley Pl, Kestral Park Ter, Monroe Dr, Church Ave, Gocio Rd Exd, Magnolia St$1,140
Hancock Ave, W Rainbow Cir, N Leewynn Dr, Elizabeth Ave, Whisperwood, Bay Rd, Quail Hollow St, Pomelo Pl, Lei Dr, Asbury Pl$1,203
Alden Way, Hollingsworth Ave, 2nd Ct, Dodge Ave, Palonia Ct, Brewer Pl, Glendale Cir W, Mound St, Ingram Ave, Tremont St$1,185

Insurance rates are influenced by a number of factors including:

  • Year Built: 13,730 Homes (13% of total) built between 1960 to 1969 in Sarasota are paying home insurance between $2,085-$2,103 and differs from The Meadows (+$32), South Sarasota (+$85), Siesta Key (+$384), Sarasota Springs (-$56) and Lake Sarasota (-$23).
  • Bedrooms: 10,018 1 bedroom homes (9% of total homes ) in Sarasota are paying about $667. Areas near to Sarasota such as The Meadows, South Sarasota, Siesta Key are costlier by $10, $27, $108 respectively whereas Fruitville and Sarasota Springs are more economical by $13, $17 respectively for similar homes.
  • Auto Insurance Bundling: 7,867 Households (14% of all households) in Sarasota have 3 or more vehicles available and when it is bundled with home insurance you can save $297. Discounts for similar bundling in close by locations such as Fruitville, Sarasota Springs, Lake Sarasota come to $297, $289, $294 respectively.
  • Senior Discounts: 35,520 seniors (more than 55 years) occupied housing units (64% of total) in Sarasota get discounts between $178 to $181. The comparative concessions in proximate regions such as Fruitville, Sarasota Springs and Lake Sarasota are $178, $173 and $176 respectively.
  • New Homes discounts: New homes such as the 34,640 homes built between 2000 to 2009 in Sarasota can save $238 compared to Fruitville ($237), Sarasota Springs ($231), Lake Sarasota ($235).

Sarasota Homeowners insurance Facts

  • Sarasota, FL has 55,223 owner occupied houses which is 70.9% of all units whereas Fruitville, Sarasota Springs and Lake Sarasota have 66.81%, 84.26% and 70.37% respectively.
  • Sarasota, FL homeowners yearly insurance price at $1,191 is 0.59% of the typical house value of $200,500 which is in contrast with 0.6% in Fruitville, 0.79% at Sarasota Springs & 0.67% in Lake Sarasota.
  • Homeowners in Sarasota, FL pay 6.81% of their income ($15,000 to $19,999) in insurance whereas homeowners in Fruitville, Sarasota Springs and Lake Sarasota pay 6.79%, 6.62% and 6.73% respectively.
  • Sarasota, FL’s insurance is 5.9% of monthly housing costs of $1,684/month, for owners with a mortgage compared to 5.88% in Fruitville, 6.73% at Sarasota Springs & 6.02% in Lake Sarasota. But, for households without a mortgage, insurance is 17.5% of costs ($568 in Sarasota, FL) in contrast with 21.49% in Fruitville, 20.55% at Sarasota Springs & 24.71% in Lake Sarasota.

Sarasota, FL Home Values & Insurance rates

For example, insurance for 4,566 Homes (10.0% of total homes ) valued between $125,000 to $149,999 in Sarasota, FL is about $809. Rates in nearby areas in such as Bee Ridge, The Meadows, South Sarasota are cheaper by $32, $85, $202 respectively while Fruitville and Sarasota Springs are costlier by $11 and $268 respectively for similar homes.

Sarasota, FL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 3,683 8.0% $142
$50,000 to $59,999 814 1.0% $309
$60,000 to $69,999 1,168 2.0% $381
$70,000 to $79,999 1,377 3.0% $440
$80,000 to $89,999 1,630 3.0% $500
$90,000 to $99,999 1,542 3.0% $559
$100,000 to $124,999 4,462 10.0% $643
$125,000 to $149,999 4,566 10.0% $809
$150,000 to $174,999 4,873 11.0% $964
$175,000 to $199,999 3,433 7.0% $1107
$200,000 to $249,999 6,222 14.0% $1333
$250,000 to $299,999 4,835 11.0% $1631
$300,000 to $399,999 5,281 12.0% $2072

Renters Insurance in Sarasota

  • Average Renters Insurance in Sarasota :  $127($10/month)

  • Median Gross Rent in Sarasota :  $1,018

  • Sarasota Renters Insurance to Median Rent Ratio:  0.98%

  • Renter occupied housing units in Sarasota :  22,666

Sarasota Renters Insurance as a Percentage of Rent

Sarasota Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 268 1.0% $331
$200 to $299 392 1.0% $781
$300 to $499 765 3.0% $1231
$500 to $749 2,986 13.0% $1906
$750 to $999 6,013 27.0% $2656
$1,000 to $1,499 7,605 35.0% $3781
$1,500 or more 3,490 16.0% $5431

Rent Affordability in Sarasota:

Approximately 51.0% (11,772) of households are spending more than 35% of their income on gross rent in Sarasota

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,767 7.0%
15.0 to 19.9 percent 2,292 10.0%
20.0 to 24.9 percent 2,465 10.0%
25.0 to 29.9 percent 2,423 10.0%
30.0 to 34.9 percent 1,947 8.0%
35.0 percent or more 11,772 51.0%

Sarasota Renters Insurance Discounts:

Sarasota Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Sarasota, FL Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 11,436 50.0% $12.7
2 vehicles available 6,217 27.0% $19.05
3 or more vehicles available 1,397 6.0% $25.4

Protective device discount in Sarasota Up to :  $19

Claims-free discount in Sarasota Up to :  $25