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Tampa, FL, homeowners pay an average homeowner’s insurance of $1,578. This is comparatively higher than the state average premium of $1,291 and the national average premium of $1,438. However, Tampa homeowners can use the various discounts provided by home insurance companies to reduce their home insurance rates.

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Home insurance companies calculate home insurance rates based on the age of the home. Home insurance rates increase as the age of the home increases due to their propensity for damage. Newly built Tampa homes receive discounts of up to $363 on home insurance rates. Homes that are older than 50 years attract an additional cost of $76 on their insurance rates. In Tampa, the average home insurance rates of homes older than 30 years and 40 years are $1,602 and $1,619, respectively.

Tampa homes, built using sturdy materials that make them more resistant against damage, earn considerable discounts from home insurance companies. For example, Tampa homes constructed using fire-resistive materials and superior materials get discounts of $221 and $158, respectively, on their home insurance rates. Masonry and brick homes earn a discount of $79, while homes that have a hail resistant roof get a $47 discount.

Home insurance companies provide special discounts to Tampa homeowners based on their profession. Teachers, federal government employees, active and retired army personnel can avail of special discounts on homeowners insurance. Senior homeowners in Tampa can avail of discounts of up to $221 on homeowners insurance.

Tampa has a high property crime rate of 18.11 per 1,000 residents. It is safer than 25% of the remaining cities in the U.S. Specifically, Tampa has a burglary rate of 2.72 per 1,000 residents, with 1,069 reported incidents. The chance of becoming a victim of property crime in Tampa is 1 in 55. Homes with enhanced security features are less prone to burglaries and damage. Hence, home insurance companies encourage homeowners to install home safety devices by offering discounts as incentives. For instance, Tampa homes with deadbolts and fire extinguishers can avail of discounts of $158 and $174, respectively, on home insurance rates. Additionally, homes with burglar alarms and smoke detectors receive a discount of $142 and $158, respectively, on homeowners insurance.

Home insurance companies provide discounts to homeowners who have a claims-free history. On the other hand, home insurance rates in Tampa can increase by up to $189 based on the type and number of claims. Tampa homeowners with a claims-free history can avail of discounts of up to $189 on home insurance.