St. Petersburg Homeowners Insurance

How to find cheap homeowners insurance in St. Petersburg


Home insurance is an important investment for any homeowner. Along with your home furnishings and other belongings, homeowners insurance covers your dwelling against many perils, including fire, wind damage, vandalism, and theft. Events like this occur often. When paired with the high cost of repairing or rebuilding a house, purchasing an expansive homeowners policy can seem like a smart idea.

The price of a homeowners insurance policy 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. Discover more information about the specifics of home insurance coverage.

If you want to find affordable home insurance coverage in St. Petersburg, start with looking around and comparing different policies. Have a look at the summary below comparing average homeowners insurance rates in St. Petersburg to help you get as much information as possible when you start your search for homeowners insurance. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


St. Petersburg, Florida, homeowners insurance — table of contents:
  1. Rates by insurer
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Rates by deductible level
  5. Insurance bundle discounts

Homeowners insurance in St. Petersburg by insurance company

Homeowners insurance rates in St. Petersburg vary from one insurance company to another. The most inexpensive home insurance in St. Petersburg comes from Security First, which offers average annual rates of just $396 per year. This is more favorable than the city’s average home insurance premium of $1,570.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in St. Petersburg, Florida.


AFFORDABLE HOME INSURERS IN ST. PETERSBURG
CompanyAverage Annual Rate
Security First$396
State Farm$601
Allstate$885
Citizens$1,890
American Integrity$2,044

Average homeowners insurance costs in St. Petersburg by coverage level

The level of homeowners coverage you select has an impact on your insurance rates. In St. Petersburg, carrying $200K dwelling coverage costs an average of $1,110, while carrying additional coverage up to $400K costs $1,910 per year.


HOMEOWNERS INSURANCE RATES IN ST. PETERSBURG — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$594
$200K Dwelling$1,110
$250K Dwelling$1,229
$400K Dwelling$1,910

Compare Homeowners Insurance Rates

St. Petersburg homeowners insurance rates by ZIP code

Depending on the part of St. Petersburg you live in, you might see a big difference in your home insurance costs. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact in what you pay for homeowners insurance.

To find the most affordable homeowners coverage in St. Petersburg, look no further than 33714. In the 33714 area, homeowners coverage usually costs just $1,524 per year — a full $46 less than the St. Petersburg average. The below table shows the best places to live in St. Petersburg if you’re looking for affordable homeowners insurance.


AFFORDABLE NEIGHBORHOODS FOR HOMEOWNERS INSURANCE IN ST. PETERSBURG
ZIP CodeAverage Annual Home Insurance Rate
33714$1,524
33716$1,531
33713$1,536

Other parts of St. Petersburg, however, have home insurance premiums that are higher on average. Crime rates, fire risk, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. One of the costliest ZIP codes for homeowners insurance in St. Petersburg is 33712, with an annual average rate of $1,606.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN ST. PETERSBURG
ZIP CodeAverage Annual Home Insurance Rate
33712$1,606
33711$1,606
33705$1,606

Home insurance deductibles in St. Petersburg

Homeowners have a lot of decisions to make when shopping for a homeowners insurance policy, including how high or low to set their deductible. The deductible is the dollar amount that the insured must contribute toward a covered loss. Where you choose to set your homeowners deductible is directly related to how much you pay in insurance premiums.

On the whole, choosing a lower deductible means that your insurance rates will be higher. This means that those aiming for lower insurance premiums will want to consider a higher homeowners deductible. It's worth remembering that your deductible should only be as high as you can reasonably pay in the event of a loss.

The table below illustrates the typical rates associated with most deductibles.


HOME INSURANCE RATES BY DEDUCTIBLE TIER IN ST. PETERSBURG
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,329
$1,000$1,229
$1,500$1,214
$2,000$1,100
$5,000$1,058

Money-saving tip for home and auto insurance in St. Petersburg: bundling

You might want to consider purchasing your auto and home insurance policies through the same company if saving money is one of your concerns. Bundling home and auto insurance can be a good money-saving option. In fact, bundling policies in St. Petersburg leads to average annual savings of 6%.


CHEAPEST AUTO INSURANCE RATES WITH A POLICY BUNDLE IN ST. PETERSBURG
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
USAA$945
State Farm$1,593
GEICO$2,441
Allstate$2,466
Progressive$2,707

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money.


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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.