What is the Average Cost of Home Insurance in Naples, FL

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Naples Home Insurance QuoteWe insure a lot of homes in South Florida. Recently, average home insurance costs have trended sharply upwards. It is not uncommon for even average sized homes to cost $2800-$3500 per year or more to insure for home insurance, not including the cost of flood insurance. The costs of everyone’s home insurance varies, so to get an accurate representation of what it costs to insure your home, feel free to give us a call. Age, use (seasonal versus primary, owner occupied versus rental) and location all play significant roles in determining the home insurance premium. Let’s look at some other relevant factors below.

What factors determine home insurance premiums in Florida?

Home insurance premiums are calculated by algorithms that the insurance companies provide to us. They are a mix of information about you as well as information about your home. Some of the things the insurance companies may utilize in determining your premium are:

  • Your home’s physical address
  • Your name
  • Your date of birth
  • Your Insurance Score – based on various factors including financial history
  • Your homes square footage
  • Your homes interior and exterior finishes (custom kitchen, pool etc.)
  • Dog breed
  • If there is a pool and/or screened enclosure (lanai)
  • Previous claims history
  • Age, type, and condition of your home’s roof
  • Age of heating and air system
  • & many more!

The insurance companies gather this information and calculate your premium to best assess your risk and likeliness of a claim. After all, they need to make a profit to pay other claims so the premium you are presented will reflect your calculated risk.

What Can You Do To Lower Your Home Insurance Premiums?

All companies offer discounts on home insurance. It will be important to maximize these and our agency will go over what you need to get discounts. Some discounts that you may qualify include:

  • Wind mitigation features as confirmed by age of home or your wind mitigation inspection
  • Burglar alarm/fire alarm discounts
  • If the home is in a gated community
  • Use – how much time you spend in the home
  • If you have had prior insurance or not
  • Sprinkler systems (inside, usually relevant to condo units)
  • Payment discounts such as paid in full
  • Being retired/your age
  • Water sensor and shut off systems
  • Age of home – in general, premiums are much less for newer homes
  • Your claims history
  • Multi-policy discounts (less common in FL but still some options for bundling)
  • & more.

To see what your home insurance premium will be, the best way is to reach out to one of our licensed home insurance agents in Naples, FL. Our agency can help you maximize your discounts and find the right coverage and pricing for your situation. Because we’re an independent insurance agency, we can represent many A-rated insurance companies in Florida. This means with one phone call you can explore multiple options. Give us a call and see why so many in Florida choose to insure their homes with Responsive Insurance. If you prefer, you can request a proposal via our website at https://responsiveinsurance.com/request-a-proposal/ or you can schedule a call or meeting here: https://calendly.com/mattnance

The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.