Ocala ,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 Ocala, 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 Ocala, FL is $1910. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Ocala, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Ocala, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $764 |
| $200,000 | $1,299 |
| $300,000 | $1,604 |
| $400,000 | $2,445 |
| $500,000 | $3,075 |
Home insurance costs in Ocala 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 |
|---|---|
| 034475 | $1,763 |
| 34471 | $1,853 |
| 34480 | $1,841 |
| 34476 | $1,833 |
| 34482 | $1,822 |
| 34473 | $1,813 |
| 34474 | $1,809 |
| 34479 | $1,806 |
| 34470 | $1,786 |
| 34481 | $1,801 |
| 34472 | $1,796 |
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 Ocala, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,958 |
| $1000 Deductible | $1,751 |
| $1500 Deductible | $1,652 |
| $2500 Deductible | $1,490 |
| $5000 Deductible | $1,261 |
| Home Insurance Company Near Ocala, FL | Homeowners Insurance Agency Near Ocala, FL | Address |
|---|---|---|
| NA | Thompson Insurance Group Of America, Inc Dba Thompson Insurance Group Of Florida` | 16903 Lake Side Drive, Suite 3 , Montverde, FL, 34756 |
| NA | Nib Llc Dba National Insurance Brokers | 2654 Sw 32Nd Place, Ocala, FL, 34471 |
| State Farm | Edith Aldrich | 1721 Reid St, Palatka, FL, 32177-3148 |
| Travelers | The Villages Insurance | 1031 Lake Sumter Lndg, THE VILLAGES, FL, 32162 |
| Travelers | West Coast Insurers Of Crystal River Inc | 104 Se 7Th Ave , Crystal River, FL, 34429 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Marion County, Florida | $144 | $191 | $287 |
| Silver Springs Shores CDP, Florida | $140 | $187 | $280 |
| Belleview CCD, Marion County, Florida | $145 | $193 | $290 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Ocala, FL | 8.0% | 22.4% |
| Marion County | 8.12% | 24.39% |
| Silver Springs Shores | 8.19% | 25.64% |
| Belleview | 8.13% | 24.62% |
| Ocala Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 321 | 1.0% | $794 |
| $300 to $499 | 1,127 | 6.0% | $1244 |
| $500 to $749 | 4,178 | 25.0% | $1919 |
| $750 to $999 | 5,713 | 35.0% | $2669 |
| $1,000 to $1,499 | 4,158 | 25.0% | $3794 |
| $1,500 or more | 599 | 3.0% | $5444 |
| Streets in Ocala Area | Homeowners Insurance Cost |
|---|---|
| SW 1st Ct, NW 6th Pl, Oak Lane Cir, Pecan Course Trak, Spring Pass, SE 46th Pl, Hemlock Trce, SW 6th Ave, NE 19th Pl, NE 36th St | $1,129 |
| Almond Trail Pl, Hemlock Radial Dr, Midway Rd, NE 4th Ct, SE 18th Ave, Pine Pass Ct, SE 62nd Loop, NW 27th Avenue Rd, SE 39th St, SE 39th Cir | $1,149 |
| Hemlock Terrace Crse, SW 12th Ave, SE 48th Avenue Rd, NE 40th Avenue Rd, SE 100th St, SE 28th Rd, SW 57th Ave, SE 41st Ave, Oak Lane Way, SE 5th Ct | $1,236 |
| SE 12th Ave, NE 58 Th Ter, Almond Trail Way, Locust Ps Loop, NE 26th Ct, Hemlock Terrace Ct, Shady Lane Rd, SE 12th Ave, Carlow Ter, Banyan Trak | $1,122 |
| Ganton Rd, SW 33rd Ave, la Quinta Rd, Hickory Loop Pass, Cherry Dr Pass, SE 15th Ave, SW 55th Ct, SE 68th St, NW 48th Ter, NE 26th Ln | $1,117 |
| NE 26th St, NW 67th Ln, SW 78th Terrace Rd, SW 37th Dr, Sunningdale Dr, Co Rd 464A, NW 25th Ave, NW 23rd Ave, NW 46th St, SW 1st Ave | $1,130 |
| Ainsdale Ln, NE 25th Pl, Silver Trl, 5th St, SE 18th Cir, Cedar Dr, SW 43rd Street Rd, Oak Lane Trce, NE 17th Ter, SE 20th Ter | $1,122 |
| SE 22 St, NW 29th Ct, NE 18th St, NW 52nd Street Rd, Spring Lake Pl, SW 3rd St, Lake Ct, Oak Lane Crse, Hemlock Pl, SE 88th Ave | $1,130 |
| NE 42nd Ave, SE 100th St, Hemlock Ct, Brook Ln, SW 77 Ct, NW 16th St, NE 51st Ave, Cherry Drive Ct, SE 112th Ter, Pecan Drive Pass | $1,150 |
| Hemlock Radial Cir, SW 42nd Pl, Fir Drive Run, SE 28th Ct, NE 8th Ter, Ft Brooks Rd, NW 60th Street Rd, NW 57th Ave, SE 39th Ct, NE 61st Ct | $1,129 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Ocala | $171 to $173 |
| Marion County | $172 |
| Silver Springs Shores | $168 |
| Belleview | $174 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Citizens Property Insurance | $1,267 |
| 150,000 | 27 | NO | First Community Insurance | $1,625 |
| 150,000 | 27 | NO | Florida Farm Bureau Casualty Insurance | $1,590 |
| 150,000 | 27 | NO | Safeway Property Insurance | $1,167 |
| 150,000 | 27 | NO | Security First Insurance | $1,148 |
| 150,000 | 27 | NO | Southern Fidelity Insurance | $1,080 |
| 150,000 | 27 | NO | United Property & Casualty Insurance | $1,234 |
| 150,000 | 27 | NO | Universal Insurance | $1,584 |
| 150,000 | 27 | YES | American Traditions Insurance | $820 |
| 150,000 | 27 | YES | Federated National Insurance | $1,316 |
| 150,000 | 27 | YES | First Community Insurance | $1,339 |
| 150,000 | 27 | YES | First Protective Insurance | $854 |
| 150,000 | 27 | YES | Florida Farm Bureau Casualty Insurance | $955 |
| 150,000 | 27 | YES | Stillwater Property And Casualty Insurance | $1,068 |
| 150,000 | 27 | YES | Tower Hill Signature Insurance | $1,106 |
| 300,000 | 12 | NA | First Protective Insurance | $1,565 |
| 300,000 | 12 | NA | St. Johns Insurance | $1,362 |
| 300,000 | 12 | NA | Stillwater Property And Casualty Insurance | $1,291 |
| 300,000 | 12 | NA | United Property & Casualty Insurance | $1,534 |
| 300,000 | 12 | NA | Universal Insurance | $1,795 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,800 | $2,800 |
| Yearly Ocala Homeowner Insurance Premium Example | $3,900 | $3,400 |
| Out of Pocket Expense During Claim | $1,800 | $2,800 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $13,500 | $13,000 |
| Net Savings to Ocala Home Owner from High Deductible Plan | $500 | |
| Scenario | Ocala, FL Home Replacement Value MORE than Home Value | Ocala, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $348,000 | $251,000 |
| Insurance Premium based on Replacement Value | $6,375 | $4,600 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $44,000 | Risk Exposure from Under Insuring Coverage is $53,000 |
| Premium Impact | Insurance cheaper by $975/year | Insurance costlier by $800/year |
| Insurance Company | Liberty Mutual | GEICO Insurance | Travelers |
| Monthly Premium | 213 | 246 | 388 |
| Year Built | 1996 | 2001 | 1987 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $125000-$150000 | $150000-$175000 | $250000-$300000 |
| Deductible | $500- $1000 Deductible | $1000-$2500 Deductible | $1000-$2500 Deductible |