The Cheapest and Best Homeowners Insurance in Jacksonville
The Cheapest Home Insurance Companies in Jacksonville
Since many companies in Jacksonville offer similar core coverages, cost should be a key consideration when picking a homeowners insurance policy.
For the average homeowner, the cheapest insurance companies on average in Jacksonville for home insurance with $250,000 in dwelling coverage are:
- Universal North America: $654 per year
- Travelers: $920 per year
For expensive homes, the cheapest insurance companies in Jacksonville for home insurance with $2,000,000 in dwelling coverage, on average, are:
- Universal North America: $4,999 per year
- Allstate: $6,603 per year
You can adjust your dwelling coverages to see how the pricing changes using the table below.
The Cheapest Home Insurance in Jacksonville, Ranked
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The personal property limit for all the policies with the initial baseline dwelling coverage is $100,000. For all policies with dwelling coverage of $2 million, the personal property limit is $800,000. The liability coverage for all the policies is $100,000.
For Florida homeowners who live in other parts of the state, you can compare quotes for the entire state.
The Average Cost of Homeowners Insurance in Jacksonville for 2021
Jacksonville homeowners insurance rates average $1,500 per year or $125 per month. This cost is lower than the national average of $2,103 by $603 per year. The state average in Florida is $2,359 yearly, meaning that the cost in Jacksonville is $859 cheaper than the Florida state average.
Calculate the Cost of Home Insurance in Jacksonville
Location is one of the factors that impact the cost of homeowners insurance in Jacksonville, However other factors, including the value of the dwelling coverage you buy, the personal property coverage limit you choose and your credit score, will also influence how much you pay in premiums. To compare home insurance quotes in your state, use MoneyGeek’s insurance calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Jacksonville
When shopping for homeowners insurance in Jacksonville, cost should not be the only factor you consider. You will also need to look for an insurer who offers a great customer experience and has financial stability. This will ensure that when you do file a claim, it is handled promptly and fairly.
Based on MoneyGeek’s study, the best homeowners insurance companies in Jacksonville are:
- Best Overall: Travelers
- Runner-up: Nationwide
For these ratings, MoneyGeek used a unique scoring system that incorporates affordability, customer satisfaction and financial stability ratings.
Travelers offers its policyholders unique coverages, including an optional $25,000 identity theft coverage that will protect you in case of identity fraud. This policy also offers environmentally conscious policyholders additional coverage to cover costs of undertaking home repairs with green materials. You also get an optional water backup and sump pump discharge coverage for protection in case of water damage.
MoneyGeek picked Travelers as the best overall company based on its high ratings in three key categories, including customer satisfaction, financial stability and affordability. Travelers gives extra protection to cover repairing homes with green materials.Read MoneyGeek's Travelers home Insurance Review
For Jacksonville homeowners who want an insurer who pays replacement costs for damaged personal property, Nationwide is the best option. This policy will replace damaged items with items of the same quality and value. You can also choose to include flood damage coverage in your policy, a benefit that other insurers in Jacksonville do not offer.
Nationwide scored highest in customer service and also ranked high both in affordability and financial stability. This insurer provides Better Roof Replacement coverage to policyholders who choose to add it to their policy.Read MoneyGeek's Nationwide home Insurance Review
Cheapest Home Insurance Companies in Jacksonville for Newly Constructed Homes
Homeowners with newly constructed homes in Jacksonville pay lower home insurance rates than those with older homes. This is because insurance companies take into consideration the lower risk of damage associated with modern materials used in newer constructions. Insurers will also find it easier to replace modern construction materials hence the lower insurance rates.
In Jacksonville, it will cost an average of $1,047 yearly to insure a newly constructed house compared to $1,500 per year for a home built in 2000.
On average, the cheapest insurance companies in Jacksonville for homeowners with newly constructed homes with $250,000 in dwelling coverage are:
- Universal North America: $457 per year
- ASI: $531 per year
The Cheapest Home Insurance in Jacksonville for New Homes, Ranked
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Cheapest Home Insurance Companies in Jacksonville if You Have a Lot of Personal Property
The personal property in your home is covered under your home insurance policy. Depending on the value of the personal property you want to be covered, your premiums can be higher or lower. For people who want to cover more personal property, the insurance cost will be higher than for those with a low personal property value.
In Jacksonville, it costs an average of $1,721 per year to get personal property limits of $250,000 with our standard policy compared to an average of $1,500 for personal property coverage limits of $100,000.
The cheapest insurance companies in Jacksonville for homeowners with high personal property limits, on average, are:
- Universal North America: $750 per year
- Travelers: $1,038 per year
Cheap Companies in Jacksonville for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Jacksonville for High Deductibles
It is important to consider the deductible when choosing a policy because it will impact the cost of home insurance in Jacksonville. Policies with higher deductibles tend to cost the homeowner less each year, although you will have to pay more money out-of-pocket when making a claim. In contrast, policies with a low deductible mean that you will pay less money out-of-pocket if you need to pay a claim, but your premiums will be higher.
In Jacksonville, It costs an average of $1,303 for a policy with a $2,000 deductible, while the average cost for a $1,000 deductible is $1,500.
The cheapest insurance companies in Jacksonville for homeowners with policies with $2,000 deductibles are:
- Universal North America: $568 per year
- Travelers: $815 per year
The Cheapest Companies in Jacksonville for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Jacksonville if You Have Poor Credit
Insurance companies in Jacksonville use credit score as a determining factor for insurance costs, meaning that homeowners who have poor credit scores will pay more every year for home insurance. Homeowners with poor credit scores will pay an average of $1,918 per year, while those with good credit pay $1,500 yearly.
For homeowners with poor credit, the cheapest insurance companies on average in Jacksonville are:
- Travelers: $920 per year
- Universal North America: $1,073 per year
The Cheapest Companies in Jacksonville for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Jacksonville
To get a home insurance quote online for your home in Jacksonville, you will need to provide some information to the potential insurer. Some of the information required for an online quote includes:
- Replacement cost of your house: The cost of rebuilding your house is one of the key determinants of the cost of homeowners insurance in Jacksonville. This cost is different from the market value of your home and refers to the amount it would take to rebuild your house exactly as it is. If you do not know this cost, a building professional or construction specialist will be able to give you the estimate for your house.
- Personal property value: One of the core coverages provided under home insurance is the cover for your personal property. To get an online quote for home insurance, the insurer will need to know the value of the property to be covered in your policy.
- Specifications of your house: Details such as the size of your home, when it was built and safety features, if any, are required when requesting a home insurance quote online.
- Personal information: Basic personal details will be required when you want to know how much home insurance costs in Jacksonville. This personal information includes your address, who you live with, your insurance history and more.
Homeowners Insurance in Jacksonville Analysis: Methodology
MoneyGeek’s study analyzed home insurance premiums from 10 companies in Jacksonville. The data used was provided in partnership with Quadrant. The customer satisfaction ratings used in this analysis were drawn from J.D. Power surveys, while the affordability scores were calculated by collecting quotes for a home with varying coverage levels.
For this study, the base profile for a homeowner was for a home with 2,500 square feet, built in 2000, with dwelling coverage of $250,000, personal property coverage of $100,000 and liability coverage of $100,000. Policies had a $1,000 deductible.
MoneyGeek also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores
About Mark Fitzpatrick