The Best & Cheapest Homeowners Insurance in Pensacola, FL for 2024

Nationwide takes the top spot overall for several reasons. Firstly, it boasts an outstanding A+ (Superior) rating from AM Best, ensuring strong financial stability. Additionally, Nationwide excels in customer satisfaction ratings across various online platforms, proving its commitment to excellent service. With a prominent presence of agents in South Florida and highly competitive rates, Nationwide is a solid choice all around.

What sets Nationwide apart is its standard home insurance policy, which offers unique coverages not commonly found with other carriers. For instance, they provide reimbursement for credit card fraud and include ordinance or law coverage, ensuring compliance with more stringent codes when rebuilding becomes necessary.

Customizing your policy with add-ons is another advantage. Better Roof Replacement allows for upgraded roofing materials to be covered in case of qualified events. Another option, Brand New Belongings, provides replacement cost coverage for your personal belongings. In the event of damage or destruction, you’ll be reimbursed for the depreciated value of the items, enabling you to repurchase them and submit the receipts to Nationwide for reimbursement of the cost difference.

Purchasing home insurance from Nationwide is convenient, with options to buy from a local agent, over the phone, or online. Furthermore, managing your policy is hassle-free through the Nationwide website or mobile app, which allows for filing and tracking claims, making payments, and making policy changes.

Nationwide’s average cost for home insurance in Pensacola: $105/month

USAA came in a close second for Best Overall, primarily because it’s exclusively available to military members and their families. However, that doesn’t take away from the fact that USAA is still a highly reliable choice.

Founded in 1922 by a group of 25 Army officers who wanted to self-insure their cars, USAA now offers a range of insurance and financial products for members of the U.S. armed forces, Reserve, veterans, and their families. Their headquarters is located in San Antonio, and they have additional offices in various U.S. locations, as well as in London, Frankfurt, and Luxembourg.

USAA’s standard homeowners insurance policy provides valuable features such as replacement cost coverage for personal belongings and coverage for uniforms of active-duty and deployed service members. They may also offer optional insurance coverage for events like earthquakes, home-sharing, and condo insurance. In addition, if you’re looking for flood protection, you will need to get flood insurance separately with the NFIP.

Eligible members can conveniently purchase USAA insurance products online using their active membership ID, through phone assistance, or by visiting a local branch.

To enhance customer convenience, USAA offers an automated agent chatbot on their website, allowing easy access to online accounts. Through the online platform, policyholders can manage various tasks such as bill payments, policy changes, and claims. It’s important to note that USAA has an excellent A++ rating from AM Best, indicating the highest level of financial strength for insurance companies.

Taking the second runner-up spot, State Farm stood out due to its strong presence of agents in Pensacola and South Florida. This is crucial not only for the availability of a considerable number of State Farm agents in the aftermath of severe storms or hurricanes but also because of the numerous claims adjusters and claims offices located in Pensacola.

State Farm offers a standard homeowners insurance policy that can be personalized with additional coverages (also known as supplementary coverages). These include options such as ordinance and law coverage, identity theft protection, and insurance for valuable items like jewelry.

Notably, State Farm holds the highest financial strength rating available from AM Best, receiving an impressive A++ rating.

For added convenience, State Farm offers optional replacement cost coverage for your home, other structures, and personal property. This coverage replaces damaged items at their current market value without considering depreciation. Without this endorsement, replacement is calculated based on the actual cash value. However, if you’re looking for flood protection, you will need to get a flood policy separately with the National Flood Insurance Program (NFIP).

While you can initiate the quote process with State Farm online, the policy purchase requires working with a local insurance agent. Policyholders can utilize the State Farm website or app to file claims, manage their accounts, and opt for paperless billing. The website also offers a comprehensive resource library to help you gain a better understanding of how insurance works.

Average premium for State Farm homeowners insurance in Pensacola: $127/month

Tower Hill stands out as the most affordable option for insurance rates in Florida. However, it’s important to note that the company lacks a JD Power score for customer satisfaction and holds a B++ rating from AM Best. These factors can likely be attributed to Tower Hill Insurance’s specialization as a Florida homeowners insurance company, with coverage limited to only 16 additional states.

Tower Hill’s homeowner’s insurance allows homeowners to customize their own insurance plan. Alongside standard coverage types such as dwelling and personal property, their Typical and Prime Plus policies offer various endorsement options. These include extended replacement cost, water backup coverage, and personal injury insurance coverage. However, if you’re looking for flood protection, you will need to look into flood insurance policies from the National Flood Insurance Program (NFIP).

What sets Tower Hill apart is their offering of unique add-on coverage options that may be challenging to find with other carriers. These additions range from landscaping coverage and food spoilage to trampoline liability coverage and lock replacement, among others.

Furthermore, Tower Hill’s highest-tier Spire package includes numerous optional coverages already incorporated into the policy for added convenience.

Average Premium for Tower Hill home insurance in Pensacola: $108/month

Citizens Property Insurance Corporation plays a vital role in Florida’s property insurance marketplace. It provides essential property insurance protection to individuals who are entitled to coverage through the private market but are unable to obtain it.

Being one of Florida’s prominent insurers for homes and businesses, Citizens is committed to delivering service that meets the standards set by the private market.

Established in August 2002 by the Florida Legislature, Citizens operates as a not-for-profit, tax-exempt government entity. Its primary objective is to offer property insurance to eligible Florida property owners who struggle to find coverage in the private market.

Citizens is funded by policyholder premiums. However, in the event of a significant storm or a series of devastating storms leading to a deficit, Florida law mandates that Citizens impose assessments on most Florida policyholders. However, if you’re looking for flood protection, you will need to get flood insurance separately with the National Flood Insurance Program (NFIP).

Average premium for Citizen’s homeowners insurance in Pensacola: $227/month

Chubb stands as an excellent choice for homeowners with valuable assets to protect, offering a range of extras to enhance coverage. However, budget-conscious homeowners in Pensacola should be aware that Chubb’s rates tend to be higher than the average.

Chubb understands the unique considerations of insuring high-value homes. With Chubb, you can access various policy add-ons, notably extended replacement cost coverage, which helps rebuild your home after a covered accident.

An additional benefit is Chubb’s risk consulting program, where a Chubb consultant can survey your home for potential fire or security concerns before accidents occur, providing an extra layer of protection.

The Chubb Masterpiece insurance policy caters to the needs of affluent clients, covering crucial aspects like data restoration from computer viruses and property management services. However, if you’re looking for flood protection, you will need to get flood insurance separately with the NFIP.

When it comes to claims, Chubb claims agents have the authority to provide immediate claim payments. However, claim denials require approval from a manager, as Chubb strives to streamline the claims process and make it as seamless as possible.

Average premium for Chubb homeowners insurance in Pensacola: $150/month

Allstate sets itself apart with an impressive total of 11 homeowners insurance discounts, surpassing the industry average of seven. Homeowners insurance analysts consider seven of these discounts to be uncommon offerings, showcasing Allstate’s commitment to providing valuable savings opportunities.

Let’s take a closer look at some of Allstate’s noteworthy discounts:

• Claims forgiveness: Enjoy additional coverage that prevents your rate from increasing after filing a claim.
• Claims-free: Earn a 5% renewal discount each year as long as you remain claims-free.
• Deductible reward: Receive a $100 deduction from your deductible upon signing up.
• New home: Receive a discount for insuring a newly constructed home.
• Responsible payment: Enjoy an additional discount for maintaining a good payment history.
• Early payment: Save up to 10% by purchasing a new policy at least seven days before your old policy expires.
• Protective device: Get a discount for installing theft and fire protection devices.
• Bundle to save money: Save up to 25% when bundling your home and auto insurance.
• Automatic payment: Benefit from savings of up to 5% by setting up automatic payments.
• Loyalty: Earn a renewal discount of up to 10% for staying with Allstate.
• New Homebuyer: Enjoy a discount tailored for recent homebuyers.

Allstate’s homeowners insurance covers essentials such as dwelling and personal property coverage, liability coverage, and guest medical protection. In addition to these standard coverages, Allstate offers homeowners a range of optional coverages to further customize their policies. However, if you’re looking for flood protection, you will need to get flood insurance separately with the NFIP

With nine optional coverage types available, Allstate goes beyond the common offerings. Alongside popular options like identity theft and scheduled personal property coverage, Allstate provides unique coverage specifically designed for homeowners with yards and gardens. This includes increased coverage limits for landscaping costs and riding lawn mowers, ensuring comprehensive protection for your outdoor spaces.

Progressive impresses with the second highest customer satisfaction score from JD Power among all the companies we reviewed, trailing only behind USAA. However, we couldn’t award USAA the Best for Customer Satisfaction accolade since it exclusively offers homeowners insurance policies to military members and their families.

When it comes to Progressive homeowners insurance policies, they encompass the standard coverage types commonly found in homeowners insurance:

• Dwelling coverage: Repairs or replaces your home if it suffers damage from a covered incident like a fire or tornado.
• Other structures coverage: Covers repairs or replacements for structures not attached to your home, such as fences or sheds.
• Personal property coverage: Pays for repairs or replacements of your belongings, including clothing, electronics, and furniture.
• Liability coverage: Provides coverage for property damage and injuries to others, such as accidents occurring on your property. It also offers a legal defense if you face a lawsuit.
• Additional living expenses coverage: Covers additional living expenses like hotel bills, meals, and pet boarding fees if you’re unable to reside in your home due to a covered incident like a tornado.

According to Progressive’s filings with the Florida Department of Insurance, homeowners with certain dog breeds may be ineligible for coverage. These breeds include Akitas, American bulldogs, chow chows, Dobermans, Mastiffs, pit bulls, Rottweilers, Staffordshire terriers, wolf hybrids, any mix or variation of these breeds, and any dog with a history of biting. It’s important to be aware of these restrictions when considering Progressive as your homeowners insurance provider. Also, if you’re looking for flood protection, you will need to get flood insurance separately with the NFIP

Average premium for Progressive home insurance in Pensacola: $139/month