The Best Cheap Homeowners Insurance in Gainesville, Florida for 2022: Quotes and Reviews

The average cost of homeowners insurance in Gainesville, Florida, is $1,313 per year, or about $109 per month. However, rates may vary greatly based on the insurer you choose. For an average homeowner in Gainesville, the cheapest homeowners insurance is Universal North America at an average yearly cost of $450, while the most expensive insurer is Citizens, at $3,088 per year. Gainesville residents can save as much as $2,638 by shopping around.

MoneyGeek ranked the best insurers in Gainesville based on quality and affordability to help you find the best home insurance for your needs.

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Last Updated: 6/24/2022
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The Cheapest and Best Homeowners Insurance in Gainesville

The Cheapest Home Insurance Companies in Gainesville

While shopping for homeowners insurance companies in Gainesville, you’ll notice that most insurers provide similar core coverages at different prices.

The cheapest insurers in the city for a policy with a dwelling coverage of $250,000 are:

  • Universal North America: $450 per year
  • Universal Property: $774 per year

The cheapest homeowners insurance in Gainesville depends on various factors, including how much coverage you purchase. For instance, if you have an expensive home, the two most affordable insurance companies for a dwelling coverage limit of $2 million include:

  • Universal North America: $3,382 per year
  • ASI: $5,525 per year

How much you pay for home insurance varies significantly depending on your dwelling coverage limits.

The Cheapest Home Insurance in Gainesville, Ranked

Dwelling Coverage:

$250,000

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MoneyGeek’s sample home insurance policies in Gainesville feature a baseline dwelling coverage of $250,000 and $100,000 personal property liability coverage. For policies with a dwelling coverage of $2 million, the personal property limit increases to $800,000. However, liability coverage remains at $100,000 forall dwelling coverage amounts.

If you live in a city other than Gainesville, you can also compare home insurance rates across Florida.

The Average Cost of Homeowners Insurance in Gainesville for 2022

Gainesville$1,313
Florida$2,359
U.S.$2,103

Homeowners insurance in Gainesville costs an average of $1,313 per year or $109 per month. Gainesville’s average cost is lower than the state average of $2,359. It is also lower than the national average cost of homeowners insurance of $2,103.

Calculate the Cost of Home Insurance in Gainesville

The cost of homeowners insurance varies significantly in Gainesville due to several factors, including your location. The amount of dwelling coverage and personal property coverage, as well as your credit score, affect your rates. Using MoneyGeek’s home insurance calculator can help you compare quotes more easily across insurers in the city.

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Home Insurance Calculator

State

Florida

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Best Home Insurance Companies in Gainesville

MoneyGeek’s scoring system ranks home insurance companies across three factors: user satisfaction, financial stability and affordability.

While the cost of coverage is key when purchasing homeowners insurance in Gainesville, you should also consider factors such as the insurer’s customer service experience and financial stability. You will need a company that has a good reputation and is capable of processing your claims faster.

According to MoneyGeek’s study, the insurers with the best homeowners insurance in Gainesville are:

  • Best Overall: Travelers
  • Runner-up: Nationwide

1
Travelers
Score:90.2

4.7/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers is MoneyGeek’s top pick overall, with excellent financial stability and affordability ratings. With an average annual cost of $839, the insurer provides additional replacement cost coverage to policyholders. That means you will still be covered if the cost of replacing your home exceeds your dwelling coverage.

More About Travelers

Travelers offers unique coverage options to homeowners that may not be available with other insurers. Policyholders may get an energy efficiency upgrade coverage that provides green home coverage for costs incurred to rebuild, repair or replace homes built using green materials. You will also get various discounts, including the home discount offered to customers who have bought their home within a year of purchasing the policy.

2
Nationwide
Score:89.2

4.5/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Nationwide was ranked as the second-best home insurance provider in Gainesville, with high scores in all categories. The insurer provides better roof replacement coverage and various other unique coverage options. Homeowners pay an average of $1,100 per year for a Nationwide policy.

More About Nationwide

Nationwide’s better roof replacement coverage allows you to get safer and stronger roofing materials if your home gets damaged. In addition to this, you may add flood insurance to your policy, as well as water backup coverage that protects you from damage caused by water-related incidents. You may also receive a roofing material discount based on the surface type and age of your roof, plus subsidized premiums if your property is located in a gated community.

Cheapest Home Insurance Companies in Gainesville for Newly Constructed Homes

Newly constructed homes are usually more affordable to insure than older homes. This is because they are built with modern materials that are more resistant to damage and less expensive to replace. On average, home insurance for newly constructed homes is $903 per year, while home insurance for homes built in 2000 costs $1,313 per year.

According to MoneyGeek’s research, the cheapest home insurance in Gainesville for a newly constructed home and a dwelling coverage of $250,000 comes from:

  • Universal North America: $310 per year
  • ASI: $402 per year
The Cheapest Home Insurance in Gainesville for New Homes, Ranked

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Cheapest Home Insurance Companies in Gainesville if You Have a Lot of Personal Property

Aside from protecting your home, homeowners insurance also protects your personal property against damage. If you have more personal property, you are likely to pay higher premiums for homeowners insurance.

In Gainesville, you will pay an average of $1,492 for a personal property limit of $250,000 compared to a cost of $1,313 per year if you have a personal property coverage limit of $100,000.

If you maintain a dwelling coverage of $250,000 and increase your personal property coverage limit to $250,000, the cheapest homeowners insurance providers in the city will be:

  • Universal North America: $512 per year
  • Universal Property: $880 per year
Cheap Companies in Gainesville for Extra Personal Property Coverage

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Cheapest Home Insurance Companies in Gainesville for High Deductibles

The deductible refers to the amount you pay out of pocket before your insurer settles your claim. The deductible amount you choose for your policy will have a huge impact on the cost of your homeowners insurance policy in Gainesville.

For instance, you will pay an average of $1,138 for a policy with a deductible of $2,000 and $1,313 for one with a $1,000 deductible. Policies with higher deductible amounts feature lower premiums, however, you may end up paying more when you file a claim.

From our findings, the insurers with the cheapest home insurance in Gainesville for a policy with a $2,000 deductible are:

  • Universal North America: $390 per year
  • Universal Property: $671 per year
The Cheapest Companies in Gainesville for High Deductibles, Ranked

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Cheapest Home Insurance Companies in Gainesville if You Have Poor Credit

How much you pay for homeowners insurance in Gainesville also depends on your credit score. Home insurance premiums are often higher for those with poor credit.

For example, in Gainesville, homeowners with poor credit scores pay an average of $1,677 per year for homeowners insurance, while those with a good credit score only pay an average of $1,313 per year.

Based on MoneyGeek’s research, the top insurance companies in Gainesville with the cheapest coverage for homeowners with a poor credit score are:

  • Universal North America: $747 per year
  • Universal Property: $774 per year
The Cheapest Companies in Gainesville for Poor Credit, Ranked

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Getting Online Homeowners Insurance Quotes in Gainesville

Most insurance companies allow you to get a quote for homeowners insurance online. You will need to have the following information ready:

  • Home replacement cost: This refers to the cost of rebuilding your home using similar materials in case of damage. The replacement cost is different from the actual value of your home, and it helps insurers determine your dwelling coverage limit. You can get a building contractor or real estate professional to provide an accurate estimate.
  • Personal property value: This is the value of your personal belongings and will be used to determine your personal property coverage limits.
  • Personal information: You will need to specify your address, the number of people in your home, insurance history and other personal details.
  • Details about your house: This includes details of your home, such as the size, year of construction and whether you have security devices installed.
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Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.

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Homeowners Insurance in Gainesville Analysis: Methodology

MoneyGeek analyzed home insurance premiums in Gainesville across ten insurers. Data was collected in partnership with Quadrant to generate affordability scores based on different coverage levels. Customer satisfaction scores were derived from J.D. Power Surveys.

MoneyGeek also collected quotes for various homeowner profiles, including newly constructed homes, higher dwelling or personal property coverage limits, higher deductibles and poor credit scores, to ensure you find accurate information for your situation.

The base profile belongs to an average homeowner with a 2,500-square-foot home constructed in 2000. The policy has a dwelling coverage of $250,000, personal property coverage limit of 100,000 and liability coverage of $100,000. All the policies in this study have a $1,000 deductible.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.