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 $5,460 per year for dwelling coverage of $200,000 and $6,235 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 (Dwelling)Average annual rateAverage monthly rate
$200,000$5,460$455
$300,000$6,235$520
$400,000$7,884$657
$600,000$11,210$934
$1,000,000$21,037$1,753

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

Home insurance rates in Palm City by deductible

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.

DeductibleCompanyAverage annual premiumAverage monthly premium
$1,000Travelers$526$44
$1,000Security First Insurance$732$61
$1,000Heritage Insurance Holdings$1,659$138
$1,000Nationwide$1,707$142
$1,000Universal Insurance Holding$1,716$143
$1,000FedNat Holding$1,801$150
$1,000State Farm$1,933$161
$1,000Allstate$2,788$232
$1,000Allstate$2,982$249
$1,000HCI Group Inc$3,254$271
$1,000Progressive$3,834$320
$1,000Citizens Property Insurance$5,432$453
$500Travelers$551$46
$500Security First Insurance$753$63
$500Heritage Insurance Holdings$1,756$146
$500Universal Insurance Holding$1,814$151
$500Nationwide$1,830$153
$500FedNat Holding$2,234$186
$500Allstate$3,198$267
$500HCI Group Inc$3,415$285
$500Progressive$3,937$328
$500Citizens Property Insurance$5,554$463
$2,000Travelers$469$39
$2,000Security First Insurance$672$56
$2,000Nationwide$1,432$119
$2,000Heritage Insurance Holdings$1,449$121
$2,000Universal Insurance Holding$1,504$125
$2,000FedNat Holding$1,592$133
$2,000State Farm$1,820$152
$2,000Allstate$2,754$230
$2,000Progressive$3,525$294
$2,000Citizens Property Insurance$5,082$424
$2,500Travelers$469$39
$2,500Security First Insurance$672$56
$2,500Nationwide$1,432$119
$2,500Heritage Insurance Holdings$1,449$121
$2,500Universal Insurance Holding$1,504$125
$2,500FedNat Holding$1,592$133
$2,500State Farm$1,723$144
$2,500Allstate$2,754$230
$2,500Progressive$3,525$294
$2,500Citizens Property Insurance$5,082$424
$3,000Travelers$469$39
$3,000Security First Insurance$672$56
$3,000Nationwide$1,432$119
$3,000Heritage Insurance Holdings$1,449$121
$3,000Universal Insurance Holding$1,504$125
$3,000FedNat Holding$1,592$133
$3,000State Farm$1,723$144
$3,000Allstate$2,754$230
$3,000Progressive$3,525$294
$3,000Citizens Property Insurance$5,082$424
$4,000Travelers$423$35
$4,000Security First Insurance$623$52
$4,000Nationwide$1,143$95
$4,000FedNat Holding$1,366$114
$4,000Heritage Insurance Holdings$1,449$121
$4,000Universal Insurance Holding$1,504$125
$4,000State Farm$1,667$139
$4,000Allstate$2,754$230
$4,000Progressive$3,007$251
$4,000Citizens Property Insurance$5,082$424
$5,000Travelers$423$35
$5,000Security First Insurance$623$52
$5,000Nationwide$1,143$95
$5,000FedNat Holding$1,366$114
$5,000Heritage Insurance Holdings$1,449$121
$5,000Universal Insurance Holding$1,504$125
$5,000State Farm$1,609$134
$5,000Allstate$2,754$230
$5,000Progressive$3,007$251
$5,000Citizens Property Insurance$5,082$424

Cheapest homeowners insurance companies in Palm City

According to our analysis, Travelers is the most affordable home insurance provider in Palm City, with an average yearly cost of $981.

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.

CompanyAverage annual cost
Travelers$981
Nationwide$3,987
Amer Integrity Ins Co of FL$5,191
Security First Insurance$6,038
State Farm$6,562
Progressive$6,908
FedNat Holding$9,203
HCI Group Inc$9,290

Homeowners insurance cost in Palm City by credit rating

Insurance companies in Palm City can use credit information as one of the factors affecting the cost of your policy.

The average home insurance cost for homeowners with an excellent credit score is $9,687; that’s $758 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 scoreAverage annual cost
Excellent$9,687
Fair$10,009
Good$9,855
Poor$10,445

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 $160 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 $1,872 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 $103 a year on average from your insurer.

New home discount

If you buy new construction, you can get a new home discount of $1,037 a year on average in Palm City.

Methodology

Insurance.com compared homeowners insurance rates provided by Quadrant Information Services in 2023 for around 29,000 cities in all states and Washington D.C for $200,000 and $300,000 in dwelling coverage with $100,000 in liability and a $1,000 deductible. The rates were analyzed for almost 34,000 ZIP codes for those with good credit ratings. Content has been updated in 2024.