Best & Cheapest Homeowners Insurance in St. Petersburg, FL December, 2024
Allstate provides the most affordable homeowners insurance for residents in St. Petersburg, with an average yearly premium of $940.
We’ve saved shoppers an average of $450 per year on their home insurance.
In our thorough assessment of home insurance providers in St. Petersburg, FL, Allstate stands out as the most affordable option, with an average annual rate of $940. However, the best insurer for you might depend on your specific circumstances.
For example, if you have a lower credit score, Nationwide offers the most economical choice, with an average yearly premium of $1,772. On the other hand, for owners of older homes, State Farm is a top pick with competitive rates of $2,237 per year for comprehensive coverage.
If you own a newly constructed home, Allstate once again provides the most cost-effective solution at $842 per year. Individuals with a history of claims may find an affordable option with State Farm at $2,520 per year.
For those with valuable personal property, Allstate proves to be a great choice, offering extensive coverage at a reasonable rate of $1,196 per year.
Our detailed analysis at Insuranceopedia aims to help you find the perfect fit for your home insurance needs. We compare customer ratings, analyze personal experiences, and present comparison charts to provide you with all the information you need to make an informed decision.
How much is homeowners insurance in St. Petersburg, FL?
Allstate provides the most budget-friendly homeowners insurance rate in St. Petersburg, priced at $940 per year.
As indicated below, St. Petersburg’s insurance rates are significantly lower than both the national average and the statewide average in Florida.
| Area | Average Monthly Rate |
| National | $1,820 |
| Florida | $2,348 |
| St. Petersburg | $1,325 |
Insurance rates are not standardized and can fluctuate based on various factors.
Cheapest Homeowners Insurance in St. Petersburg, FL 2024
Our Methodology
To find the most economical home insurance rates in St. Petersburg, we conducted a comprehensive analysis using data from various home insurance review sites. Some of these sources assessed rates from public filings obtained through Quadrant Information Services. The review is based on an average of these rates, but it's crucial to note that each company's rates are subject to frequent changes and will vary based on your specific circumstances. Furthermore, the overall rating considers my subjective opinion, shaped by fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in St. Petersburg, FL
In St. Petersburg, FL, Allstate is the most budget-friendly choice for homeowners insurance, providing an average annual rate of $940.
| Company | Annual Premium |
| Allstate | $940 |
| Heritage | $1,062 |
| Chubb | $1,260 |
| State Farm | $1,689 |
| Nationwide | $1,773 |
Your insurance policy cost is influenced by various factors, including your location, home value, and claims history. Allstate offers a well-balanced option with a combination of affordability and comprehensive coverage.
Cheapest Homeowners Insurance If You Have Poor Credit
For individuals with a poor credit score, Nationwide provides the most cost-effective solution, offering an average annual rate of $1,772.
| Insurance Company | Average Annual Premium |
| Nationwide | $1,772 |
| Citizen | $1,795 |
| Chubb | $2,220 |
| Universal North America | $2,691 |
| State Farm | $3,624 |
Insurers consider your credit score as a key factor in determining insurance rates, as it helps assess risk. Nationwide acknowledges the significance of providing equitable coverage for all individuals, irrespective of their credit history.
Cheapest Homeowners Insurance In St. Petersburg If You Have an Older Home
For homeowners with older homes, State Farm offers the most budget-friendly rates, averaging $2,237 per year.
| Insurance Company | Average Annual Premium |
| State Farm | $2,237 |
| Universal Property | $2,364 |
| Chubb | $4,265 |
| Citizens | $7,668 |
Older homes can present distinctive risks and maintenance challenges, potentially resulting in higher insurance costs. State Farm addresses these concerns by providing competitive rates and comprehensive coverage specifically tailored to meet the unique needs of older homes.
Cheapest Homeowners Insurance for Newly Constructed Homes
For owners of newly constructed homes, Allstate offers an affordable solution with an average annual rate of $842.
| Insurance Company | Average Annual Premium |
| Allstate | $842 |
| Chubb | $1,017 |
| Nationwide | $1,078 |
| State Farm | $1,094 |
| Universal North America | $1,126 |
Newly constructed homes often come with distinct coverage needs compared to older homes, and Allstate specializes in providing affordable policies tailored to these specific requirements.
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Cheapest Home Insurance In St. Petersburg for a History of Claims
For homeowners with a history of claims, State Farm presents an affordable solution with an average annual rate of $2,520.
| Insurance Company | Average Annual Premium |
| State Farm | $2,520 |
| Florida Peninsula | $2,916 |
| Chubb | $4,674 |
| Citizens | $6,020 |
Having a history of claims can result in higher premiums, as it may signal increased risk for insurers. Nonetheless, State Farm strives to offer reasonable rates for individuals with past claims, providing a second chance for affordable coverage.
Cheapest Home Insurance Rates for Lots of Personal Property
For individuals with valuable personal property, Allstate offers affordable coverage, providing competitive rates with an average annual premium of $1,196.
| Insurance Company | Average Annual Premium |
| Allstate | $1,196 |
| Heritage | $1,214 |
| Chubb | $1,592 |
| State Farm | $1,765 |
| Nationwide | $2,015 |
Allstate provides comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected, even if you possess a wealth of personal property.
Best Homeowners Insurance Companies in St. Petersburg, FL
Selecting the right homeowners insurance is not only a necessity but also a strategic decision. In St. Petersburg, with its rich history, homes are as unique as its residents. Therefore, the importance of finding an insurance provider that offers comprehensive coverage at competitive rates cannot be overstated.
To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in St. Petersburg, FL. These companies underwent evaluation based on criteria such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Refer to our comparison chart below to find the ideal match for your home insurance requirements.
| Company | Annual Premium | |
| 1. | Allstate | $940 |
| 2. | Heritage | $1,062 |
| 3. | Chubb | $1,260 |
| 4. | State Farm | $1,689 |
| 5. | Nationwide | $1,773 |
| 6. | Universal North America | $1,625 |
| 7. | Travelers | $1,007 |
| 8. | Citizens | $1,775 |
Average Home Insurance Rates by Zip Codes
The price of homeowners insurance in St. Petersburg, FL can vary considerably depending on the specific zip code. Below are tables displaying rates for different zip codes in St. Petersburg, including the five least and most expensive zip codes in the region for annual home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 32812 | $1,683 |
| 32806 | $1,684 |
| 32803 | $1,683 |
| 32810 | $1,736 |
| 32825 | $1,735 |
| 32809 | $1,740 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 32812 | $1,683 |
| 32806 | $1,684 |
| 32803 | $1,683 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 32810 | $1,736 |
| 32825 | $1,735 |
| 32809 | $1,740 |
Average Home Insurance Rates in St. Petersburg, FL by Deductible Amount
The deductible you choose for your homeowners insurance policy can significantly influence premium rates in St. Petersburg, FL. Here’s a breakdown of how average home insurance rates change based on different deductible amounts:
| Deductible | Annual Rate |
| $500 | $1,647 |
| $1,000 | $1,567 |
| $1,500 | $1,498 |
| $2,000 | $1,340 |
Average Home Insurance Rates in St. Petersburg, FL By Coverage Amount
Dwelling coverage, reflecting the maximum amount your insurance provider will pay for rebuilding or repairing your home in the event of damage or destruction, is a critical factor influencing your premium.
Below is a comparison chart depicting the average annual homeowners insurance premiums for different dwelling coverage amounts:
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,191 |
| $250,000 | $1,516 |
| $300,000 | $1,827 |
| $350,000 | $2,065 |
| $400,000 | $2,370 |
Average Home Insurance Rates in St. Petersburg, FL by Company
Here is a comparison table displaying annual premiums from some of the leading providers in St. Petersburg:
| Company | Annual Premium |
| Allstate | $940 |
| Heritage | $1,062 |
| Chubb | $1,260 |
| State Farm | $1,689 |
| Nationwide | $1,773 |
| Universal North America | $1,625 |
| Travelers | $1,007 |
| Citizens | $1,775 |
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How Much is Homeowners Insurance for Other Cities in Florida?
Here is a detailed comparison chart showcasing the cheapest companies and their annual premiums across various cities in Florida:
| City | Annual Premium |
| Miami | $3,944 |
| Tallahassee | $1,286 |
| Fort Lauderdale | $2,572 |
| Boca Raton | $2,160 |
Getting Online Homeowners Insurance Quotes in Florida
Websites like Insuranceopedia streamline the process of finding the best coverage for your unique needs. You can quickly obtain online quotes from top-rated insurers, making it easy to compare rates.
Just enter your information, and Insuranceopedia will present you with a range of options tailored to your requirements. This simplifies the selection of a policy that offers excellent value, striking a balance between cost and comprehensive coverage.
FAQs
Who has the cheapest home insurance in St. Petersburg, FL?
The most affordable homeowners insurance in St. Petersburg, Florida, is offered by Allstate, with an annual premium of $940.
What is the average cost of home insurance in St. Petersburg, FL?
The typical expense for homeowners insurance in St. Petersburg, Florida, is around $1,325 per year.
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