Homeowners insurance in Tallahassee, FL

How much is home insurance in Tallahassee, FL?

The average cost of homeowners insurance in Tallahassee varies depending on the coverage level you choose. Homeowners insurance costs $3,004 per year for dwelling coverage of $200,000 and $4,173 for $300,000 of dwelling coverage.

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

Coverage level	Average annual rate	Average monthly rate
$200,000	$3,004	$250
$300,000	$4,173	$348
$400,000	$5,107	$426
$600,000	$7,362	$613
$1,000,000	$11,085	$924

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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 Tallahassee?

Home insurance rates in Tallahassee 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 Tallahassee.

Deductible	Company	Average annual premium	Average monthly premium
$500	Security First Insurance	$1,407	$117
$500	Citizens Property Insurance	$1,877	$156
$500	HCI Group Inc	$2,457	$205
$500	Heritage Insurance Holdings	$2,879	$240
$500	Allstate	$3,053	$254
$500	Universal Insurance Holding	$3,404	$284
$500	Progressive	$6,476	$540
$500	Nationwide	$8,266	$689
$2,000	Security First Insurance	$1,379	$115
$2,000	Citizens Property Insurance	$1,842	$154
$2,000	HCI Group Inc	$1,951	$163
$2,000	Heritage Insurance Holdings	$2,182	$182
$2,000	Universal Insurance Holding	$2,767	$231
$2,000	State Farm	$4,572	$381
$2,000	Progressive	$6,006	$501
$2,000	Nationwide	$7,449	$621
$2,500	Security First Insurance	$1,379	$115
$2,500	Citizens Property Insurance	$1,842	$154
$2,500	HCI Group Inc	$1,951	$163
$2,500	Heritage Insurance Holdings	$2,182	$182
$2,500	Universal Insurance Holding	$2,767	$231
$2,500	State Farm	$4,459	$372
$2,500	Progressive	$6,006	$501
$2,500	Nationwide	$7,449	$621
$3,000	Security First Insurance	$1,379	$115
$3,000	Citizens Property Insurance	$1,842	$154
$3,000	HCI Group Inc	$1,951	$163
$3,000	Heritage Insurance Holdings	$2,182	$182
$3,000	Universal Insurance Holding	$2,767	$231
$3,000	State Farm	$4,459	$372
$3,000	Progressive	$6,006	$501
$3,000	Nationwide	$7,449	$621
$4,000	Security First Insurance	$1,363	$114
$4,000	Citizens Property Insurance	$1,842	$154
$4,000	HCI Group Inc	$1,951	$163
$4,000	Heritage Insurance Holdings	$2,182	$182
$4,000	Universal Insurance Holding	$2,767	$231
$4,000	State Farm	$4,372	$364
$4,000	Progressive	$5,415	$451
$4,000	Nationwide	$6,782	$565
$5,000	Security First Insurance	$1,363	$114
$5,000	Citizens Property Insurance	$1,842	$154
$5,000	HCI Group Inc	$1,951	$163
$5,000	Heritage Insurance Holdings	$2,182	$182
$5,000	Universal Insurance Holding	$2,767	$231
$5,000	State Farm	$4,283	$357
$5,000	Progressive	$5,415	$451
$5,000	Nationwide	$6,782	$565

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Who has the cheapest homeowners insurance in Tallahassee?

According to Insurance.com analysis, Citizens Property Insurance is the most affordable home insurance provider in Tallahassee, with an average yearly cost of $2,358.

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

Company	Average annual cost
Citizens Property Insurance	$2,358
HCI Group Inc	$2,991
Allstate	$3,018
Heritage Insurance Holdings	$3,109
Universal Insurance Holding	$3,384
Security First Insurance	$4,242
Progressive	$4,338
State Farm	$4,667
Nationwide	$8,871

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How does credit affect homeowners insurance in Tallahassee?

The average home insurance cost for homeowners with an excellent credit score is $3,587; that’s $2,474 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	$3,587
Fair	$4,508
Good	$4,173
Poor	$6,061

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How can you save on homeowners insurance in Tallahassee?

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 Tallahassee 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 $257 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 $162 annually on your home insurance in Tallahassee.

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 $90 a year on average from your insurer.