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How to find affordable homeowners insurance in Tampa


Home insurance is an important investment for any homeowner. Along with personal property, homeowners insurance covers your dwelling in the event of many perils, including theft, fire, wind damage, and vandalism. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, having a home insurance policy is a solid investment.

The cost of home insurance factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils likewindstorms, hail, fire, or even theft , home insurance rates may be higher to account for the extra risk. Find out more information about the specifics of home insurance coverage.

Finding affordable home insurance in Tampa starts with shopping around and comparing policies. Take a look at the summary below showing average home insurance premiums in Tampa to begin your home insurance search with as much info as possible. Remember: your homeowners insurance rates may vary based on your coverage limits and other factors.


Tampa, Florida, home insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage amount
  3. Rates by neighborhood
  4. Rates by deductible amount
  5. Bundling discounts

Homeowners insurance in Tampa by insurance company

What you pay for homeowners insurance in Tampa will depend on the insurance company you get your policy through. The most inexpensive home insurance in Tampa 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.

Below you'll find a list of the cheapest home insurance companies in Tampa, Florida to help you start your search.


AFFORDABLE HOME INSURANCE COMPANIES IN TAMPA
Company Average Annual Rate
Security First $396
State Farm $601
Allstate $885
Citizens $1,890
American Integrity $2,044

Average homeowners insurance rates in Tampa by coverage level

How much you pay for home insurance coverage is greatly impacted by the level of coverage you choose. In Tampa, 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 TAMPA — POPULAR COVERAGE LIMITS
Coverage Level Average Annual Rate
$100K Dwelling $594
$200K Dwelling $1,110
$250K Dwelling $1,229
$400K Dwelling $1,910

Tampa homeowners insurance prices by ZIP code

Not every area of Tampa has equal home insurance premiums. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

If you're looking for the cheapest homeowners insurance premiums in Tampa, take at look at the 33714 ZIP code. In the 33714 area, homeowners policies typically cost just $1,524 on average — a full $46 less than the overall average for Tampa. The below table shows the best places to live in Tampa if you’re looking for affordable homeowners insurance.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN TAMPA
ZIP Code Average Annual Home Insurance Rate
33714 $1,524
33716 $1,531
33713 $1,536

Other areas of Tampa, it should be noted, face homeowners rates that are higher than the city average . Such areas might face a higher danger of perils such as fires or severe weather events. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. The most expensive ZIP code for homeowners insurance in Tampa is 33712, where the average annual rate is $1,606.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN TAMPA
ZIP Code Average Annual Home Insurance Rate
33712 $1,606
33711 $1,606
33705 $1,606

Looking for insights on homeowners insurance in a specific city? Check out our analysis of populous Florida cities:

  1. Hialeah
  2. Miami
  3. Orlando
  4. St. Petersburg
  5. Jacksonville

Home insurance deductibles in Tampa

Homeowners face a number of choices when purchasing a policy, including how much their deductible should be. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. Choosing your deductible can have a major impact on how much you pay for homeowners insurance.

When choosing a deductible, bear in mind that the higher your deductible is, the lower your insurance rates will be. Therefore, it might make sense to set a higher deductible if your are hoping to pay lower rates. Be mindful of the fact that your deductible should only be set as high as you can reasonably afford in the event of a covered loss.

Below you'll find some standard deductible options offered by most home insurance companies alongside with related average insurance rates.


HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE IN TAMPA
Deductible Level Average Annual Home Insurance Rate
$500 $1,329
$1,000 $1,229
$1,500 $1,214
$2,000 $1,100
$5,000 $1,058

Looking for a money-saving tip for insurance in Tampa? Try bundling

If saving money is something you are worried about, it might be worth insuring your home and auto through the same insurance company. Bundling your homeowners and auto insurance can be a good money-saving option. By bundling your policies, Tampa homeowners could see annual savings of 6% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN TAMPA
Company Avg. Annual Auto Insurance Rate (With Bundle)
USAA $945
State Farm $1,593
GEICO $2,441
Allstate $2,466
Progressive $2,707

A great way to save on insurance is to bundle your home and auto policies with the same insurance company.


Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.