The Cheapest and Best Homeowners Insurance in Port St. Lucie
The Cheapest Home Insurance Companies in Port St. Lucie
One essential factor to consider while choosing a homeowners insurance policy in Port St. Lucie is the cost of coverage. Most insurers offer the same standard coverage but at different rates. That is why you may need to compare prices to get the best policy in the city.
The top insurers that provide the cheapest homeowners insurance in Port St. Lucie for a $250,000 dwelling coverage limit are:
- Travelers: $889 per year
- Universal North America: $983 per year
The cost of homeowners insurance in Port St. Lucie also varies based on the dwelling coverage amount. For instance, the cheapest providers for a policy with a dwelling coverage limit of $2 million are:
- Allstate: $7,604 per year
- Universal North America: $7,613 per year
You can use the table below to see how different dwelling coverage limits affect the price of annual premiums.
The Cheapest Home Insurance in Port St. Lucie, Ranked
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MoneyGeek determined the average rates in Port St. Lucie using a sample homeowners insurance policy with an initial dwelling coverage limit of $250,000 and a personal property coverage limit of $100,000.
Increasing your dwelling coverage to $2 million will translate to a personal property coverage limit of $800,000. All the policies have a liability coverage limit of $100,000.
If you live in Florida but outside Port St. Lucie, you can use MoneyGeek’s research to compare cheap homeowners insurance quotes within the state.
The Average Cost of Homeowners Insurance in Port St. Lucie for 2022
The average cost of homeowners insurance in Port St. Lucie is slightly lower than both the state and national averages. You will pay an average of $2,011 per year, which is $348 less than the state average of $2,359 and $92 less than the national average of $2,103.
Calculate the Cost of Home Insurance in Port St. Lucie
Where you live partially determines how much you pay for homeowners insurance in Port St. Lucie as some neighborhoods feature higher premiums than others. However, several other factors, including your credit score, dwelling coverage and personal property limits, also affect the cost of your insurance.
Using the MoneyGeek home insurance calculator can help you quickly compare homeowners insurance quotes in the city.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Port St. Lucie
While many homeowners consider affordability as the most important factor when buying insurance in Port St. Lucie, an insurance provider’s customer service record should also be evaluated.
MoneyGeek scored insurers in Port St. Lucie across multiple categories including affordability, customer satisfaction and different homeowner profiles. According to the evaluation, the following companies provide the best homeowners insurance in Port St. Lucie:
- Best Overall: Travelers
- Runner-up: Nationwide
Travelers is the best insurance company in Port St. Lucie, with an average annual cost of $889 for a home insurance policy. The insurer received the highest scores on the financial stability and affordability indices. In addition, the company offers homeowners with identity fraud coverage that reimburses you up to $25,000 for costs associated with restoring your identity.
Travelers provides added protection to damaged homes that were built using green materials. The insurer also has added replacement costs coverage and several other additional coverage options. The added replacement cost coverage protects your home in case the cost of replacing your damaged home is higher than your dwelling coverage limits. The green home discount allows you to save up to 5% of your premiums if your home gets a “green home” certification.Read MoneyGeek's Travelers home Insurance Review
Nationwide is the second-best provider of homeowners insurance in Port St. Lucie, with homeowners paying on average $1,405 per year for insurance. The insurer received good scores across all categories and offers various optional coverage types, including better roof replacement coverage.
The better roof replacement coverage ensures that your damaged home gets rebuilt using safer roofing materials. Nationwide also offers a roofing material discount, whose rate depends on the age and surface type of the roof. You will also pay less if your home is located in a gated community. Policyholders may also get a building ordinance or law coverage that meets the cost of rebuilding their damaged homes to current building codes.Read MoneyGeek's Nationwide home Insurance Review
Cheapest Home Insurance Companies in Port St. Lucie for Newly Constructed Homes
In Port St. Lucie, newly constructed homes have lower homeowners insurance rates than old ones. New homes feature modern materials that are more resistant to damage and easier to replace, making it less likely that you will file a claim.
The average cost of homeowners insurance in Port St. Lucie for a newly constructed home is $1,384 per year. In comparison, home insurance for a home built in 2000 costs an average of $2,011 per year.
The following insurers provide the cheapest homeowners insurance in Port St. Lucie for newly constructed homes with a $250,000 dwelling coverage limit:
- ASI: $614 per year
- Universal North Carolina: $677 per year
The Cheapest Home Insurance in Port St. Lucie for New Homes, Ranked
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Cheapest Home Insurance Companies in Port St. Lucie if You Have a Lot of Personal Property
Your homeowners insurance policy also protects your personal belongings. The more personal property you own, the more you will pay for home insurance and vice versa.
For instance, if you purchase a policy with a high property limit in Port St. Lucie, you will pay $2,286 per year on average for your homeowner’s insurance, compared to an average annual cost of $2,011 for those with a lower property limit policy.
Based on MoneyGeek’s research, the companies with the cheapest homeowners insurance in Port St. Lucie for high personal property limits are:
- Travelers: $992 per year
- United North America: $1,117 per year
Cheap Companies in Port St. Lucie for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Port St. Lucie for High Deductibles
You may need to pay a certain amount once the insurer agrees to settle your claims. This amount is referred to as the deductible. Policies with high monthly premiums feature lower deductibles than those with lower premiums.
In Port St. Lucie, a policy with a $2,000 deductible costs an average of $1,743 per year. Meanwhile, one with a deductible of $1,000 costs an average of $2,011.
Based on MoneyGeek, the cheapest companies for homeowners insurance if you have a high deductible are:
- Travelers: $788 per year
- Universal North America: $852 per year
The Cheapest Companies in Port St. Lucie for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Port St. Lucie if You Have Poor Credit
Your credit score determines how much you pay for homeowners insurance in Port St. Lucie. If you have a poor credit score, your rates are likely to be higher than a homeowner with a good score.
The average cost of homeowners insurance in the city for individuals with a poor credit score is $2,569 per year. With a good credit score, the average cost is about $2,011.
The most affordable homeowners insurance providers in Port St. Lucie if you have a poor credit score are:
- Travelers: $889 per year
- Nationwide: $1,405 per year
The Cheapest Companies in Port St. Lucie for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Port St. Lucie
Before getting a homeowners insurance quote in Port St. Lucie, you will need to have a wide array of information at hand, including:
- Home replacement cost: This is the cost of rebuilding your home after damage and it is different from the market value of your home. Insurers use this amount to determine your dwelling coverage limits. You should contact a building contractor or construction expert to obtain an estimate.
- Personal property value: This is the value of all the belongings in your home. The insurer uses this value to estimate the ideal property coverage limit for you.
- Personal information: You will need to provide details about your insurance history, the location of your property and the number of occupants to get a quote from the insurer.
- House information: You will also need to provide information about your home, including its size, year of construction and if there are any security devices installed.
Homeowners Insurance in Port St. Lucie Analysis: Methodology
MoneyGeek collected data, in partnership with Quadrant,from ten insurance companies in Port St. Lucie to generate affordability scores across different coverage levels.
MoneyGeek determined rates for individuals with newly built homes as well as those with poor credit scores and increased dwelling coverage, personal property coverage and deductible amount. Customer satisfaction scores were obtained from J.D. Power's research.
The sample profile belongs to a 2,500-square-foot home built in 2000, with a dwelling coverage limit of $250,000. The policy has a personal property coverage limit of $100,000, a liability coverage limit of $100,000 and a deductible of $1,000.
About Mark Fitzpatrick