Florida Homeowners Insurance | Kin Insurance

While other insurance companies withdraw from Florida because of the high cost of hurricanes, Kin

While other insurance companies withdraw from Florida because of the high cost of hurricanes, Kin is proud to offer quality, affordable coverage to homeowners who need it most.

So what is the average cost of homeowners insurance in Florida? According to our data, Florida homeowners insurance is about $1,091 a year on average (though cost varies depending on your home’s characteristics, where you live, and other factors).

The best Florida homeowners insurance covers your home, other structures, and belongings for major risks, such as hurricane, sinkhole, and flood damage. If you want to experience peace of mind firsthand, get a quote today.

 

 

The average homeowner who switches to Kin saves $500 a year.

Creating the Best Homeowners Insurance in Florida 

We are a fully licensed Florida home insurance carrier with a financial stability rating of “A – Exceptional” from Demotech, Inc. That means we have the financial strength to pay claims, even after a widespread catastrophe.

Our HO-3 Florida home insurance policies offer:

Your policy covers your home for all damage except the perils explicitly excluded in the policy. That means you’re covered for hurricane damage, catastrophic ground cover collapse, and more.

Flood insurance and sinkhole insurance are both available as endorsements, but they are not part of your standard home insurance policy. To add them to your Kin policy, just select the endorsements in our online application or ask your representative to include them.

How Kin Compares

The chart below illustrates the average premium for all Florida counties based on build and home value scenarios for several Florida home insurance companies. Take a look at how Kin stacks up. 

Home Value & Construction Kin Average Premium Security First Average Premium Universal Property & Casualty Insurance Average Premium Tower Hill Average Premium State Farm Average Premium
$300k Value, New Construction $1,651 $2,367 $2,061 $2,303 $4,241
$150k Value, Built Prior to 2001 with Wind Mitigation $924 $1,427 $1,065 $1,304 $2,478
$150k Value, Built Prior to 2001 with No Wind Mitigation $1,133  $2,156 $2,477 $2,316 $3,387

“I plan on using Kin from now on. These guys really bend over backward to make something work for you and really give the best prices around.” – Stan V.

How Much Is Homeowners Insurance in Florida?

Florida homeowners insurance costs vary depending on where you live, the age of your home, your home’s characteristics, and other factors. That said, the average cost of Florida home insurance is $1,091 a year, according to our data. Kin’s rates tend to be 42 percent cheaper on average than other Florida insurance companies. 

For an idea of how costs vary based on location, check out our guides below:

  • How much is homeowners insurance in Clearwater, Florida?
  • How much is homeowners insurance in Daytona Beach, Florida?
  • How much is homeowners insurance in Destin, Florida?
  • How much is homeowners insurance in Gainesville, Florida?
  • How much is homeowners insurance in Fort Lauderdale, Florida? 
  • How much is homeowners insurance in Fort Myers, Florida? 
  • How much is homeowners insurance in Jacksonville, Florida? 
  • How much is homeowners insurance in Miami, Florida? 
  • How much is homeowners insurance in Naples, Florida? 
  • How much is homeowners insurance in Orlando, Florida? 
  • How much is homeowners insurance in Pensacola, Florida?
  • How much is homeowners insurance in Sarasota, Florida?
  • How much is homeowners insurance in St. Petersburg, Florida?
  • How much is homeowners insurance in Tampa, Florida?
  • How much is homeowners insurance in Tallahassee, Florida?

Florida City

Average Yearly Premium

Clearwater $1,206
Daytona Beach $876
Destin $1,128
Gainesville $886
Fort Lauderdale $2,075
Fort Myers $1,027
Jacksonville $848
Miami $2,771
Naples $1,076
Orlando $1,031
Pensacola $1,222
Sarasota $827
St. Petersburg $1,206
Tampa $1,478
Tallahassee $974

Keep in mind that the value of your home and its age can impact your rates, too. To give you an idea, check out the chart below for an illustration of the average Kin policy cost depending on the home’s value and construction. Again, where your home is located will also impact your premium. 

Home Value & Construction Average Premium
$300k Value, New Construction $1,651
$150 Value, New Construction $657
$150k Value, Built Prior to 2001 with Wind Mitigation $924
$150k Value, Built Prior to 2001 with No Wind Mitigation $1,133 

While you can’t control some factors that impact price, like the location of your home or its age, you do have some options to reduce insurance costs.

Source Article