How to find affordable homeowners insurance in Tampa
A critical consideration for every homeowner should be home insurance. Along with your personal property, homeowners insurance covers your dwelling against many perils, including wind damage, fire, and vandalism. With the relative frequency of such perils -- along with the high cost of rebuilding or repairing damages to a home -- purchasing home insurance is a wise investment.
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. 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 what a home insurance policy covers.
If you want to find cheaper home insurance in Tampa, start with shopping around and comparing what different companies offer. Check out the below summary of average homeowners insurance rates in Tampa to help you get as much information as possible when you start your search for homeowners insurance. 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.
Tampa, Florida, home insurance — table of contents:
Homeowners insurance in Tampa by insurance company
Homeowners insurance rates in Tampa vary from one insurance company to another. Security First offers the most affordable home insurance in Tampa, at just $478 per year. This compares favorably to 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
|Company||Average Annual Rate|
Average home insurance rates in Tampa by coverage amount
Your chosen level 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 $2,441 per year.
HOMEOWNERS INSURANCE RATES IN TAMPA — POPULAR COVERAGE LIMITS
|Coverage Level||Average Annual Rate|
Tampa home insurance prices by ZIP code
Homeowners insurance costs can vary depending on what area of Tampa in which you live. 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 most affordable homeowners coverage in Tampa, take at look at the 33637 ZIP code. In the 33637 area, homeowners policies typically cost just $1,775 per year — a full $82 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|
Other parts of Tampa, however, are prone to home insurance costs that are higher on average. These areas of the city could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. The most expensive ZIP code for homeowners insurance in Tampa is 33621, where the average annual rate is $1,981.
EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN TAMPA
|ZIP Code||Average Annual Home Insurance Rate|
Home insurance deductibles in Tampa
Among the numerous choices faced by homeowners when shopping for an insurance policy is how high or low to set the deductible. A homeowners deductible is the amount you must pay out of pocket toward a covered loss. The deductible chosen can change how much you pay in insurance premiums.
When considering your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. As such, if you want your insurance rates to stay low, aim for a higher deductible. It's worth noting that a homeowners deductible should only be as high as you can reasonably pay if you actually suffer a loss.
Have a look at may of the typical deductibles offered by home insurance companies and an approximation of average homeowners insurance costs.
HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE LEVEL IN TAMPA
|Deductible Level||Average Annual Home Insurance Rate|
Money-saving tip: bundle home and auto insurance in Tampa
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 PREMIUMS WITH HOME BUNDLE IN TAMPA
|Company||Avg. Annual Auto Insurance Rate (With Bundle)|
Bundling your homeowners and auto policies can be a great way to save some money on insurance.