Orlando, FL Homeowners Insurance
Home insurance should be a critical consideration for every homeowner. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. With the relative frequency of such events -- and the high cost of rebuilding or repairing a home -- having a home insurance policy is a smart investment.
The cost of home insurance depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Learn more about what your homeowners insurance policy covers.
Finding affordable home insurance in Orlando starts with shopping around and comparing policies. Have a look at the summary below comparing average homeowners insurance premiums in Orlando to begin your home insurance search with as much information as you can. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.
Orlando homeowners insurance rates will vary depending on which insurance company you choose. Security First offers the most affordable home insurance in Orlando, at just $830 per year. This compares favorably to the city’s average homeowners premium of $5,063.
To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Orlando, Florida.
| Company | Average Annual Rate |
| Security First | $830 |
| State Farm | $1,233 |
| Allstate | $2,408 |
| American Integrity | $4,114 |
| Peoples Trust | $7,545 |
How much you spend on home insurance coverage is greatly impacted by the level of coverage you choose. In Orlando, carrying $200K dwelling coverage costs an average of $3,443, while carrying additional coverage up to $400K costs $5,996/year.
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $1,764 |
| $200K Dwelling | $3,443 |
| $250K Dwelling | $3,812 |
| $400K Dwelling | $5,996 |
Depending on the part of Orlando you live in, you may see vastly different home insurance costs. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, the neighborhood you live in can drastically influence your home insurance rates.
If you're looking for the most affordable homeowners insurance premiums in Orlando, take at look at the 33139 ZIP code. In the 33139 area, homeowners coverage usually costs just $4,843 on average — a full $219 less than the Orlando average. Find the best places to live in Orlando for cheap home insurance by looking at the table below.
| ZIP Code | Average Annual Home Insurance Rate |
| 33139 | $4,843 |
| 33168 | $4,959 |
| 33175 | $4,965 |
On the other hand, some areas of Orlando face higher homeowners insurance costs, on average. These parts of town could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. One of the costliest ZIP codes for homeowners insurance in Orlando is 33128, with an annual average rate of $5,360.
| ZIP Code | Average Annual Home Insurance Rate |
| 33128 | $5,360 |
| 33135 | $5,300 |
| 33136 | $5,299 |
Looking for insights on homeowners insurance in a specific city? Check out our analysis of populous Florida cities:
Among the many decisions homeowners face when shopping for homeowners insurance is where to set the deductible. A homeowners deductible is the amount you must pay out of pocket toward a covered loss. Choosing your deductible can have a major impact on how much you pay for your coverage.
In short, a higher deductible translates to cheaper insurance premiums. As such, if you want to keep your insurance rates low, aim for a higher deductible. Keep in mind that your deductible should only be set as high as you can reasonably afford in the event of a covered loss.
Take a look at some of the typical deductibles offered by home insurance companies and an approximation of average homeowners insurance rates.
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $4,115 |
| $1,000 | $3,812 |
| $1,500 | $3,781 |
| $2,000 | $3,361 |
| $5,000 | $3,253 |
If you’re searching for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling homeowners and auto insurance can be a good money-saving option. By bundling your policies, Orlando homeowners could see annual savings of 7% on average.
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| USAA | $1,222 |
| GEICO | $2,317 |
| State Farm | $2,659 |
| Progressive | $3,444 |
| Allstate | $3,554 |
Bundling your homeowners and auto policies can be a great way to save some money on insurance.
