Gainesville ,FL Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Gainesville, FL homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Gainesville, FL is $1950. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Gainesville, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Gainesville, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $780 |
| $200,000 | $1,326 |
| $300,000 | $1,638 |
| $400,000 | $2,496 |
| $500,000 | $3,140 |
Home insurance costs in Gainesville can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 032603 | $1,862 |
| 32606 | $1,882 |
| 32608 | $1,899 |
| 32607 | $1,866 |
| 32605 | $1,854 |
| 32653 | $1,848 |
| 32601 | $1,844 |
| 32641 | $1,770 |
| 32609 | $1,786 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Gainesville, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,999 |
| $1000 Deductible | $1,788 |
| $1500 Deductible | $1,687 |
| $2500 Deductible | $1,521 |
| $5000 Deductible | $1,287 |
| Home Insurance Company Near Gainesville, FL | Homeowners Insurance Agency Near Gainesville, FL | Address |
|---|---|---|
| NA | Atwood Insurance Agency, Inc. | 14300 Sw 36 Ave Road Ste A , Ocala, FL, 34473 |
| NA | Davis Insurance Agency, Inc. | 1251 Ne 2Nd St, Ocala, FL, 34470 |
| Travelers | Brightway Insurance Inc | 203 N Orange Ave , Green Cove Springs, FL, 32043 |
| Allstate | Heritage Ins Inc | 388 Hwy 40 W, Inglis, FL, 34449 |
| Travelers | Lewis & Lewis Insurance Agency Inc | 1313 W US HWY 90, LAKE CITY, FL, 32055 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Alachua County, Florida | $176 | $235 | $353 |
| Micanopy CCD, Alachua County, Florida | $173 | $230 | $345 |
| Alachua city, Florida | $178 | $237 | $356 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Gainesville, FL | 6.8% | 19.6% |
| Alachua County | 6.69% | 22.04% |
| Micanopy | 7.96% | 22.46% |
| Alachua | 6.14% | 25.71% |
| Gainesville Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 614 | 1.0% | $785 |
| $300 to $499 | 1,854 | 5.0% | $1235 |
| $500 to $749 | 8,979 | 25.0% | $1910 |
| $750 to $999 | 10,613 | 29.0% | $2660 |
| $1,000 to $1,499 | 9,355 | 26.0% | $3785 |
| $1,500 or more | 4,080 | 11.0% | $5435 |
| Streets in Gainesville Area | Homeowners Insurance Cost |
|---|---|
| Co Rd 9, SW 49th Pl, SW 84th St, S W 83rd Way, NE 20th Ter, SW 19th Ave, NW 91st Dr, NE 45 Ter, SW 51 Ter, SE 135 Ter | $1,152 |
| SW 11 St, SW 100th St, SW 25th Pl, SW 17th Ct, 61st Ave, NW 117th Way, NW 26 Way, SW 22 Rd, SW 63 Ct, NW 55 Ter | $1,240 |
| NE 19th Dr, SW 47 St, SW 40th St, SW 79 Dr, SW 64th Ter, SW 21th Pl, SW 15 Pl, NE 9th Ter, NW 39 St, SW 113 Way | $1,140 |
| SE 122 Ln, NW 29 Ln, SE 17 Dr, NE 21st St, SW 99 St, NW 45 Ave, SW 51 Ln, SW 20 Ter, NW 9 Blvd, SE 9 Ave | $1,137 |
| 36th St, NW 140 Ter, SE 4th Pl, 117th Ter, SW 33rd Pl, SE 8th Ave, NW 111 Dr, SW 25 Ter, SW 1st Pl, SE 19 Ave | $1,193 |
| SW 44 Ave, SW 23rd Ave, Co Rd 40C, SW 49 Pl, SW 83 Way, NE Bay Ave, SW 69th Ave, SW 68 Ter, NW 4th Blvd, SW 56 Ave | $1,222 |
| Old Archer Rd, SW 11 Ln, SW 28th Ave, 15th Ter, NW 22nd Ave, NW 7 Ter, NE 24 Ave, NE 19th St, SW 84 St, NW 68th Ter | $1,137 |
| SW 54 Ave, NW 41st Ter, NW 19th Ave, Co Rd 346, NW 16th Ln, SE 22 Pl, SW 19 St, NE 35th Ave, N W 10th Ln, NW 53 Pl | $1,200 |
| NW 23 Blvd, NW 82nd St, NE 4 St, SE 1 St, NW 59th Pl, SE 73rd Dr, SE 101st Ave, S W 52nd Rd, NE 71st St, SE 61st Ave | $1,136 |
| SW 42nd Dr, SW 98th Dr, SW 9th Ln, Pine St, SW 109th Pl, S W 46th Ln, SW 43 Ter, Fraternity Dr, 93rd Way, SW 91 Ct | $1,229 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Gainesville | $175 to $178 |
| Alachua County | $176 |
| Micanopy | $172 |
| Alachua | $178 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Asi Preferred Insurance | $1,157 |
| 150,000 | 27 | NO | First Community Insurance | $1,316 |
| 150,000 | 27 | NO | Stillwater Property And Casualty Insurance | $1,016 |
| 150,000 | 27 | NO | Tower Hill Prime Insurance | $1,101 |
| 150,000 | 27 | NO | Tower Hill Select Insurance | $1,385 |
| 150,000 | 27 | NO | Tower Hill Signature Insurance | $1,610 |
| 150,000 | 27 | YES | American Integrity Insurance | $1,047 |
| 150,000 | 27 | YES | American Traditions Insurance | $824 |
| 150,000 | 27 | YES | Auto Club Insurance | $1,442 |
| 150,000 | 27 | YES | First Protective Insurance | $988 |
| 150,000 | 27 | YES | Security First Insurance | $816 |
| 150,000 | 27 | YES | Stillwater Property And Casualty Insurance | $784 |
| 150,000 | 27 | YES | Tower Hill Select Insurance | $958 |
| 300,000 | 12 | NA | Citizens Property Insurance | $1,470 |
| 300,000 | 12 | NA | Federated National Insurance | $1,633 |
| 300,000 | 12 | NA | Florida Family Insurance | $1,728 |
| 300,000 | 12 | NA | Safeway Property Insurance | $1,063 |
| 300,000 | 12 | NA | Stillwater Property And Casualty Insurance | $954 |
| 300,000 | 12 | NA | Tower Hill Preferred Insurance | $1,362 |
| 300,000 | 12 | NA | Tower Hill Select Insurance | $1,229 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $700 | $6,700 |
| Yearly Gainesville Homeowner Insurance Premium Example | $6,000 | $4,800 |
| Out of Pocket Expense During Claim | $700 | $6,700 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $36,700 | $35,500 |
| Net Savings to Gainesville Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Gainesville, FL Home Replacement Value MORE than Home Value | Gainesville, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $125,000 | $85,500 |
| Insurance Premium based on Replacement Value | $2,425 | $1,650 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $27,000 | Risk Exposure from Under Insuring Coverage is $12,500 |
| Premium Impact | Insurance cheaper by $250/year | Insurance costlier by $525/year |
| Insurance Company | GEICO Insurance | State Farm | Chubb Group of Insurance |
| Monthly Premium | 253 | 318 | 223 |
| Year Built | 1987 | 1975 | 2012 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 3 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $300000-$350000 | $125000-$150000 |
| Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $500- $1000 Deductible |