Tampa Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Tampa


Home insurance should be a critical consideration for every homeowner. Homeowners insurance provides coverage against fire, wind damage, and theft for your home and the contents inside it. Given the relatively frequent occurrence of these incidents and the significant cost of replacing a home, a homeowners insurance policy is a solid investment.

The price of a homeowners insurance policy is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likewindstorms, hail, fire, or even theft , home insurance policies may be more expensive to account for the extra risk. Learn more information about the specifics of home insurance coverage.

If you want to find cheap home insurance coverage in Tampa, start with shopping around and comparing what different companies offer. Take a look at the summary below showing average home insurance rates in Tampa 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.


Tampa, Florida, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Tampa by insurance company

Tampa homeowners insurance rates will vary depending on which insurance company you choose. The most affordable home insurance in Tampa is Security First offering average annual rates at just $478 per year. This is considerably cheaper than the city’s average homeowners premium of $1,857.

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


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN TAMPA
CompanyAverage Annual Rate
Security First$478
State Farm$686
Allstate$1,280
American Integrity$2,108
Peoples Trust$2,650

Average homeowners insurance costs in Tampa by coverage level

Your chosen amount of homeowners coverage determines the insurance premiums you pay . In Tampa, carrying $200K dwelling coverage costs an average of $1,315, while carrying additional coverage up to $400K costs $2,485/year.


HOMEOWNERS INSURANCE RATES IN TAMPA — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,315
$400K Dwelling$2,485

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Tampa home insurance rates by ZIP code

Not every area of Tampa has equal 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, the location of your home could have a huge impact in what you pay for insurance.

The cheapest home insurance rates in Tampa are available in 33637. In 33637, the typical home insurance policy costs $1,775 per year — $82 less than the citywide average in 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 CodeAverage Annual Home Insurance Rate
33637$1,775
33617$1,785
33647$1,795

Other parts of Tampa, however, are prone to homeowners insurance costs that are higher on average. These areas 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 coverage in Tampa is 33621, with an annual average rate of $1,981.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN TAMPA
ZIP CodeAverage Annual Home Insurance Rate
33621$1,981
33616$1,979
33629$1,924

Money-saving tip for home and auto insurance in Tampa: 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. Bundling policies in Tampa could, in fact, lead to average annual savings of 6%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN TAMPA
CompanyAvg. Annual Auto Insurance Rate (Bundle)
USAA$1,036
State Farm$1,939
GEICO$2,532
Progressive$2,972
Allstate$3,493

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. Call 855-493-9728 to speak with an expert today.


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