Homeowners insurance in Palm City, FL

How much is home insurance in Palm City, FL?

The average cost of homeowners insurance in Palm City varies depending on the coverage level you choose. Homeowners insurance costs $5,656 per year for dwelling coverage of $200,000 and $8,921 for $300,000 of dwelling coverage.

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

Coverage level	Average annual rate	Average monthly rate
$200,000	$5,656	$471
$300,000	$8,921	$743
$400,000	$11,722	$977
$600,000	$17,355	$1,446
$1,000,000	$26,615	$2,218

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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 Palm City?

Home insurance rates in Palm City 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 Palm City.

Deductible	Company	Average annual premium	Average monthly premium
$500	Nationwide	$7,885	$657
$500	Security First Insurance	$8,952	$746
$500	Citizens Property Insurance	$10,364	$864
$500	Progressive	$13,932	$1,161
$500	HCI Group Inc	$15,431	$1,286
$500	Universal Insurance Holding	$24,643	$2,054
$500	Heritage Insurance Holdings	$32,002	$2,667
$500	Allstate	$35,870	$2,989
$2,000	State Farm	$4,468	$372
$2,000	Nationwide	$7,106	$592
$2,000	Security First Insurance	$8,774	$731
$2,000	Citizens Property Insurance	$10,170	$848
$2,000	HCI Group Inc	$12,256	$1,021
$2,000	Progressive	$12,920	$1,077
$2,000	Universal Insurance Holding	$20,034	$1,670
$2,000	Heritage Insurance Holdings	$24,255	$2,021
$2,500	State Farm	$4,358	$363
$2,500	Nationwide	$7,106	$592
$2,500	Security First Insurance	$8,774	$731
$2,500	Citizens Property Insurance	$10,170	$848
$2,500	HCI Group Inc	$12,256	$1,021
$2,500	Progressive	$12,920	$1,077
$2,500	Universal Insurance Holding	$20,034	$1,670
$2,500	Heritage Insurance Holdings	$24,255	$2,021
$3,000	State Farm	$4,358	$363
$3,000	Nationwide	$7,106	$592
$3,000	Security First Insurance	$8,774	$731
$3,000	Citizens Property Insurance	$10,170	$848
$3,000	HCI Group Inc	$12,256	$1,021
$3,000	Progressive	$12,920	$1,077
$3,000	Universal Insurance Holding	$20,034	$1,670
$3,000	Heritage Insurance Holdings	$24,255	$2,021
$4,000	State Farm	$4,273	$356
$4,000	Nationwide	$6,470	$539
$4,000	Security First Insurance	$8,667	$722
$4,000	Citizens Property Insurance	$10,170	$848
$4,000	Progressive	$11,650	$971
$4,000	HCI Group Inc	$12,256	$1,021
$4,000	Universal Insurance Holding	$20,034	$1,670
$4,000	Heritage Insurance Holdings	$24,255	$2,021
$5,000	State Farm	$4,186	$349
$5,000	Nationwide	$6,470	$539
$5,000	Security First Insurance	$8,667	$722
$5,000	Citizens Property Insurance	$10,170	$848
$5,000	Progressive	$11,650	$971
$5,000	HCI Group Inc	$12,256	$1,021
$5,000	Universal Insurance Holding	$20,034	$1,670
$5,000	Heritage Insurance Holdings	$24,255	$2,021

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Who has the cheapest homeowners insurance in Palm City?

According to Insurance.com analysis, Allstate is the most affordable home insurance provider in Palm City, with an average yearly cost of $3,194.

Price is a big factor when choosing home insurance, and costs in Palm City 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 Palm City.

Company	Average annual cost
Allstate	$3,194
State Farm	$4,613
Heritage Insurance Holdings	$6,546
Security First Insurance	$6,977
Citizens Property Insurance	$7,063
Nationwide	$8,104
Progressive	$11,440
HCI Group Inc	$12,077
Universal Insurance Holding	$13,358

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How does credit affect homeowners insurance in Palm City?

The average home insurance cost for homeowners with an excellent credit score is $8,459; that’s $4,433 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	$8,459
Fair	$9,410
Good	$8,921
Poor	$12,892

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How can you save on homeowners insurance in Palm City?

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 Palm City 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 $293 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 $158 annually on your home insurance in Palm City.

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 $326 a year on average from your insurer.