Tampa ,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 Tampa, 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 Tampa, FL is $1986. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Tampa, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Tampa, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $794 |
| $200,000 | $1,350 |
| $300,000 | $1,668 |
| $400,000 | $2,542 |
| $500,000 | $3,197 |
Home insurance costs in Tampa 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 |
|---|---|
| 033619 | $1,805 |
| 33605 | $1,816 |
| 33606 | $2,196 |
| 33629 | $2,166 |
| 33626 | $1,978 |
| 33609 | $2,007 |
| 33647 | $1,940 |
| 33602 | $1,998 |
| 33611 | $1,935 |
| 33625 | $1,902 |
| 33635 | $1,865 |
| 33615 | $1,861 |
| 33616 | $1,897 |
| 33603 | $1,879 |
| 33613 | $1,832 |
| 33617 | $1,851 |
| 33634 | $1,856 |
| 33637 | $1,820 |
| 33607 | $1,854 |
| 33612 | $1,825 |
| 33614 | $1,852 |
| 33604 | $1,841 |
| 33610 | $1,807 |
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 Tampa, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,036 |
| $1000 Deductible | $1,821 |
| $1500 Deductible | $1,718 |
| $2500 Deductible | $1,549 |
| $5000 Deductible | $1,311 |
| Home Insurance Company Near Tampa, FL | Homeowners Insurance Agency Near Tampa, FL | Address |
|---|---|---|
| Travelers | Brightway Insurance | 2431 Tampa Rd , Palm Harbor, FL, 34683 |
| State Farm | Cathy Shadwick Casl, Chfc | 3499 4th Street North, St Petersburg, FL, 33704 |
| State Farm | Craig Duncan | 2454 N McMullen Booth Rd, Clearwater, FL, 33759 |
| Travelers | Lanier Upshaw Inc | 1115 US HIGHWAY 98, LAKELAND, FL, 33801 |
| Travelers | Morrow Insurance Group | 18936 N DALE MABRY HWY, LUTZ, FL, 33548 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| University CDP (Hillsborough County), Florida | $170 | $227 | $341 |
| Egypt Lake-Leto CDP, Florida | $172 | $229 | $344 |
| Temple Terrace city, Florida | $176 | $235 | $353 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Tampa, FL | 6.2% | 21.4% |
| University | 7.44% | 27.58% |
| Egypt Lake-Leto | 7.16% | 25.04% |
| Temple Terrace | 6.36% | 19.44% |
| Tampa Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 1,465 | 1.0% | $337 |
| $200 to $299 | 2,812 | 2.0% | $787 |
| $300 to $499 | 5,683 | 4.0% | $1237 |
| $500 to $749 | 23,978 | 20.0% | $1912 |
| $750 to $999 | 37,181 | 32.0% | $2662 |
| $1,000 to $1,499 | 33,102 | 28.0% | $3787 |
| $1,500 or more | 11,255 | 9.0% | $5437 |
| Streets in Tampa Area | Homeowners Insurance Cost |
|---|---|
| 4th Ave NE, Brentwood Dr, Old Morris Bridge Rd, Oren Ave, Marjo St, Country Way, N Burlingame Ave, Four Fields Farm Rd, Mallard Ct, 33rd Ave | $1,166 |
| Pine Cone Ct, Meadowbridge Dr, Grove Ter, Lexington Blvd, Bay Head Dr, Outpost Point Dr, Palm Cove Ave, Carroll Gardens Ln, Ryan Dr, Linda St | $1,104 |
| Snowy Owl Way, Lauder Pl, Grand Palm Dr, Rough Rd, N Riverdale, Ellison Rd, Raintree Valley Blvd, Grapevine Ct, E Shady Lane St, Oban Ave | $1,148 |
| W 131st Ave, Chichuahua Ct, Woodvine Pl, Eugene St, S Emerson St, Moonlight Ct, S Suffolk Dr, Jean Laffite W, W Lambright Ave, Magnolia Chase Cir | $1,183 |
| E Chapman Rd, Thomas Pl, Carrollwood Dr, E Eva St, Bayou Dr, la Riveria Ct, Ravine Rd, N Rocky Point Dr, Phlox St, Pine Chase Ct | $1,091 |
| Gordon Ct, Enchanted Oaks Ct, W Bayview Ave, Palamore Dr, Parkstone Palms Ct, Brassart Rd, N Obrien St, Wilson Cir, Woodhurst Dr, N Woodbridge Cir | $1,169 |
| San Sebastian Ct, Bessie Rd, Duffy Ln, Guy N Verger Blvd, Fairway Dr, E Mc Berry St, Ladrone Ave, Talina Ln, Patrick Ct, Garden Village Ct | $1,184 |
| Fox Forest Dr, E Gladys St, Kell Estates Ln, Martinique Isle Dr, Ambermist Dr, Main St, Sunridge Palms Dr, Pina Colada Ct, W Everett Ave, Michelin Ct | $1,185 |
| Amberly Dr N, Hollow Cove, Mary Ct, Cypress Head Ct, Coral Reef Dr, Schefflera Rd, Jo Ann Ct, N 63rd St, Sarver Manor Ln, Gradstone Pl | $1,200 |
| Patton Ct, Mayfair Park Ct, Knights Run Ave, Kathy Way, 6th Blvd, N 61st St, Ben Avon Dr, Alanbrooke St, W 109th Ave, Bay Club Ct | $1,169 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Tampa | $175 to $177 |
| University | $170 |
| Egypt Lake-Leto | $172 |
| Temple Terrace | $176 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Southern Fidelity Insurance | $1,950 |
| 150,000 | 27 | NO | Southern Oak Insurance | $3,064 |
| 150,000 | 27 | NO | St. Johns Insurance | $2,708 |
| 150,000 | 27 | NO | United Property & Casualty Insurance | $2,556 |
| 150,000 | 27 | YES | Tower Hill Select Insurance | $2,048 |
| 300,000 | 12 | NA | Florida Peninsula Insurance | $2,913 |
| 300,000 | 12 | NA | State Farm Florida Insurance | $4,234 |
| 300,000 | 12 | NA | Stillwater Property And Casualty Insurance | $1,990 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,500 | $3,500 |
| Yearly Tampa Homeowner Insurance Premium Example | $1,200 | $800 |
| Out of Pocket Expense During Claim | $1,500 | $3,500 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $9,900 | $9,100 |
| Net Savings to Tampa Home Owner from High Deductible Plan | $800 | |
| Scenario | Tampa, FL Home Replacement Value MORE than Home Value | Tampa, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $318,500 | $206,000 |
| Insurance Premium based on Replacement Value | $6,700 | $4,325 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $76,000 | Risk Exposure from Under Insuring Coverage is $36,500 |
| Premium Impact | Insurance cheaper by $775/year | Insurance costlier by $1,600/year |
| Insurance Company | Chubb Group of Insurance | Liberty Mutual | State Farm |
| Monthly Premium | 260 | 198 | 175 |
| Year Built | 1967 | 2010 | 1996 |
| Home Details | 5 Beds, 3 Baths | 4 Beds, 2 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $175000-$200000 | $200000-$250000 | $100000-$125000 |
| Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $500 Deductible |