Homeowners insurance in Gainesville, FL

How much is home insurance in Gainesville, FL?

The average cost of homeowners insurance in Gainesville varies depending on the coverage level you choose. Homeowners insurance costs $2,897 per year for dwelling coverage of $200,000 and $3,940 for $300,000 of dwelling coverage.

Below are the average annual and monthly Gainesville home insurance rates for different amounts of dwelling coverage.

Coverage level	Average annual rate	Average monthly rate
$200,000	$2,897	$241
$300,000	$3,940	$328
$400,000	$4,836	$403
$600,000	$7,118	$593
$1,000,000	$10,874	$906

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Note: For the above rates, the deductible amount is $1,000 and liability protection is $100,000.

How do deductibles affect home insurance rates in Gainesville?

Home insurance rates in Gainesville vary based on the deductible you choose. If you pick a higher deductible, your monthly insurance premium will be lower, while a lower deductible, means lower premiums because the insurance company will pay more if you file a claim, and the odds of you filing a smaller claim are higher.

The table below lists the home insurance rates by deductible in Gainesville.

Deductible	Company	Average annual premium	Average monthly premium
$500	Security First Insurance	$1,506	$126
$500	Citizens Property Insurance	$2,389	$199
$500	HCI Group Inc	$2,719	$227
$500	Allstate	$3,042	$254
$500	Heritage Insurance Holdings	$3,112	$259
$500	Universal Insurance Holding	$4,507	$376
$500	Progressive	$5,271	$439
$500	Nationwide	$8,528	$711
$2,000	Security First Insurance	$1,476	$123
$2,000	HCI Group Inc	$2,160	$180
$2,000	Citizens Property Insurance	$2,344	$195
$2,000	Heritage Insurance Holdings	$2,359	$197
$2,000	Universal Insurance Holding	$3,664	$305
$2,000	State Farm	$4,595	$383
$2,000	Progressive	$4,888	$407
$2,000	Nationwide	$7,685	$640
$2,500	Security First Insurance	$1,476	$123
$2,500	HCI Group Inc	$2,160	$180
$2,500	Citizens Property Insurance	$2,344	$195
$2,500	Heritage Insurance Holdings	$2,359	$197
$2,500	Universal Insurance Holding	$3,664	$305
$2,500	State Farm	$4,482	$374
$2,500	Progressive	$4,888	$407
$2,500	Nationwide	$7,685	$640
$3,000	Security First Insurance	$1,476	$123
$3,000	HCI Group Inc	$2,160	$180
$3,000	Citizens Property Insurance	$2,344	$195
$3,000	Heritage Insurance Holdings	$2,359	$197
$3,000	Universal Insurance Holding	$3,664	$305
$3,000	State Farm	$4,482	$374
$3,000	Progressive	$4,888	$407
$3,000	Nationwide	$7,685	$640
$4,000	Security First Insurance	$1,458	$122
$4,000	HCI Group Inc	$2,160	$180
$4,000	Citizens Property Insurance	$2,344	$195
$4,000	Heritage Insurance Holdings	$2,359	$197
$4,000	Universal Insurance Holding	$3,664	$305
$4,000	State Farm	$4,394	$366
$4,000	Progressive	$4,408	$367
$4,000	Nationwide	$6,997	$583
$5,000	Security First Insurance	$1,458	$122
$5,000	HCI Group Inc	$2,160	$180
$5,000	Citizens Property Insurance	$2,344	$195
$5,000	Heritage Insurance Holdings	$2,359	$197
$5,000	Universal Insurance Holding	$3,664	$305
$5,000	State Farm	$4,305	$359
$5,000	Progressive	$4,408	$367
$5,000	Nationwide	$6,997	$583

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Who has the cheapest homeowners insurance in Gainesville?

According to Insurance.com analysis, Citizens Property Insurance is the most affordable home insurance provider in Gainesville, with an average yearly cost of $2,529.

Price is a big factor when choosing home insurance, and costs in Gainesville can vary a lot between companies. While saving money is important, it’s also a good idea to consider each company’s reputation before making a decision.

The table below lists the cheapest home insurance companies in Gainesville.

Company	Average annual cost
Citizens Property Insurance	$2,529
Allstate	$3,008
HCI Group Inc	$3,303
Heritage Insurance Holdings	$3,386
Progressive	$3,769
Universal Insurance Holding	$4,109
Security First Insurance	$4,291
State Farm	$4,679
Nationwide	$8,254

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How does credit affect homeowners insurance in Gainesville?

The average home insurance cost for homeowners with an excellent credit score is $3,305; that’s $2,877 less expensive than the average cost of the same insurance for policyholders with a poor credit score. The table below shows the average annual insurance cost for homeowners with different credit levels.

Credit score	Average annual cost
Excellent	$3,305
Fair	$4,661
Good	$3,940
Poor	$6,182

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How can you save on homeowners insurance in Gainesville?

If you’re looking to save on your homeowners insurance, the best way is comparing quotes from multiple insurers. Homeowners insurance companies offer a variety of different discounts to help you lower insurance costs. Here are a few common ones.

Home and auto bundle discount (multi-policy)

One of the easiest ways to get cheaper home insurance in Gainesville is the multi-policy discount, also known as bundling. If you purchase your home and auto insurance from the same company, you can save an average of $253 a year.

"It’s not always the better option, but more times than not it is because if you bundle usually, you get a 10-20% discount on both policies," says Josiah Hatch, owner and CEO at Bender Hatch Insurance in Boston.

Loyalty discount

Staying with the same insurance company can earn you a loyalty discount, which could save you around $163 annually on your home insurance in Gainesville.

Security equipment discounts

Insurance companies offer discounts to homeowners for installing safety and security equipment, like a fire alarm or burglar alarm. If you install a fire alarm at your home, you can get a discount of $84 a year on average from your insurer.