Lakeland ,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 Lakeland, 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 Lakeland, FL is $1924. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Lakeland, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Lakeland, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $770 |
| $200,000 | $1,308 |
| $300,000 | $1,616 |
| $400,000 | $2,463 |
| $500,000 | $3,098 |
Home insurance costs in Lakeland 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 |
|---|---|
| 033805 | $1,783 |
| 33801 | $1,765 |
| 33815 | $1,708 |
| 33809 | $1,831 |
| 33803 | $1,826 |
| 33810 | $1,827 |
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 Lakeland, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,973 |
| $1000 Deductible | $1,764 |
| $1500 Deductible | $1,664 |
| $2500 Deductible | $1,501 |
| $5000 Deductible | $1,270 |
| Home Insurance Company Near Lakeland, FL | Homeowners Insurance Agency Near Lakeland, FL | Address |
|---|---|---|
| Liberty Mutual Independent | Arthur J Gallagher Risk Management Services, Inc. | 4904 EISENHOWER BLVD STE 250, TAMPA, FL, 33634 |
| Allstate | Daniel Mora | 1664 Pleasant Hill Rd, Kissimmee, FL, 34746 |
| State Farm | Jim Ackerman | 922 Lake Baldwin Ln Ste A, Orlando, FL, 32814-5900 |
| Travelers | Lassiter Ware Inc | 1317 CITIZENS BLVD, LEESBURG, FL, 34748 |
| Allstate | Sandra Bourquardez | 7901 4th St N Ste 205, St Petersburg, FL, 33702 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Kathleen CDP, Florida | $143 | $191 | $286 |
| Combee Settlement CDP, Florida | $140 | $187 | $280 |
| Crystal Lake CDP, Florida | $140 | $187 | $280 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Lakeland, FL | 7.2% | 22.5% |
| Kathleen | 8.9% | 25.56% |
| Combee Settlement | 10.27% | 35.25% |
| Crystal Lake | 9.96% | 26.09% |
| 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 |
| Streets in Lakeland Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Lakeland | $171 to $174 |
| Kathleen | $171 |
| Combee Settlement | $168 |
| Polk City | $172 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | First Community Insurance | $1,970 |
| 150,000 | 27 | YES | Florida Farm Bureau Casualty Insurance | $973 |
| 150,000 | 27 | YES | Southern Oak Insurance | $1,694 |
| 150,000 | 27 | YES | United Property & Casualty Insurance | $871 |
| 300,000 | 12 | NA | Florida Family Insurance | $2,799 |
| 300,000 | 12 | NA | Tower Hill Select Insurance | $1,554 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $6,800 |
| Yearly Lakeland Homeowner Insurance Premium Example | $4,300 | $3,300 |
| Out of Pocket Expense During Claim | $800 | $6,800 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $30,900 | $29,900 |
| Net Savings to Lakeland Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Lakeland, FL Home Replacement Value MORE than Home Value | Lakeland, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $92,000 | $72,000 |
| Insurance Premium based on Replacement Value | $1,600 | $1,250 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $10,000 | Risk Exposure from Under Insuring Coverage is $10,000 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $175/year |
| Insurance Company | GEICO Insurance | Chubb Group of Insurance | Liberty Mutual |
| Monthly Premium | 136 | 314 | 305 |
| Year Built | 1992 | 1989 | 2006 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $100000-$125000 | $250000-$300000 | $250000-$300000 |
| Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible | $5000 to $10,000 Deductible |