besthome insuranceSt. PetersburgThe Best Cheap Homeowners Insurance in St. Petersburg, Florida for 2024: Quotes and Reviews
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besthome insuranceSt. PetersburgThe Cheapest and Best Homeowners Insurance in St. Petersburg
The Cheapest Home Insurance Companies in St. Petersburg
While comparing different homeowners insurance providers in St. Petersburg, you will see that most providers offer similar core coverages, making cost a crucial consideration while choosing a policy.
The cheapest insurance providers in St. Petersburg for a policy with $250,000 in dwelling coverage are:
- Allstate: $915 per year
- Travelers: $980 per year
However, the amount of coverage your purchase can influence which home insurance companies end up being the cheapest. For instance, policies for expensive homes, with dwelling coverage limits of $2,000,000, the two cheapest home insurance companies in St. Petersburg are:
- Allstate: $3,806 per year
- ASI: $6,793 per year
Therefore, your dwelling coverage limits can majorly affect your home insurance premiums. According to your needs, certain providers might be more affordable than others. Use the table below to see how prices change with different dwelling coverage limits.
The Cheapest Home Insurance in St. Petersburg, Ranked
Dwelling Coverage:
$250,000
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For our sample home insurance policies, the initial baseline dwelling coverage is $250,000 with personal property limits of $100,000. For policies with a dwelling coverage of $2,000,000, personal property limits increase to $800,000. However, liability coverage remains at $100,000 regardless of the dwelling coverage limit.
If you live somewhere else in the state, you can still compare home insurance rates in Florida.
The Average Cost of Homeowners Insurance in St. Petersburg for 2022
St. Petersburg$1,318
Florida$2,359
U.S.$2,103
The average cost of home insurance in St. Petersburg is about $1,318 per year or $110 per month, significantly lower than the average cost of home insurance statewide in Florida, $2,359 annually. The national average cost of homeowners insurance across the country is $2,103 per year.
Calculate the Cost of Home Insurance in St. Petersburg
Quite a few factors affect homeowners insurance costs in St. Petersburg, with the location being one of them. Other factors that can affect your rates include your credit score and how much dwelling and personal property coverage you choose to buy. You can use MoneyGeek’s home insurance calculator to compare home insurance quotes in Florida.
Home Insurance Calculator
State
Florida
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in St. Petersburg
While cost is a crucial factor for choosing a homeowners insurance provider in St. Petersburg, it is also important to factor in the quality of customer experience. When a crisis strikes, you want quick, objective and smooth processing of your claim. You should also choose a financially stable company that will be able to pay legitimate claims without issue.
According to MoneyGeek’s study, the providers offering the best homeowners insurance in St. Petersburg are:
- Best Overall: Allstate
- Runner-up: Travelers
MoneyGeek considers three criteria, affordability, financial stability and user satisfaction, to rank insurance companies in St. Petersburg based on a unique scoring system.
1
Allstate
Score:93
Allstate gives customers several unique coverage options and add-ons to choose from. For every claim-free year, your deductible can decrease by $100 to a maximum amount of $500, making it less expensive to file a claim eventually. While home insurance does not include flood damage, you can purchase a policy through the National Flood Insurance Program (NFIP) with the help of an Allstate agent.
More About Allstate
Our top-ranked choice for St. Petersburg is Allstate, with high scores across the board and a perfect score in affordability. They also offer Claim Rateguard, an add-on feature that ensures that your premiums do not increase after filing a claim.
2
Travelers
Score:92
Travelers offers several interesting add-ons and coverage options that might interest customers. For example, you can add identity fraud expenses coverage to your policy, covering your costs for restoring your identity up to $25,000. For environmentally-conscious homeowners, Travelers also offers extra protection to cover the cost of home repair using green materials.
More About Travelers
A strong second in St. Petersburg is Travelers, which boasts a perfect financial stability score. Travelers offer additional replacement cost coverage, which covers you even if the costs of replacing your home after a covered event exceed your dwelling coverage limit.
3
ASI
Score:86
4
Chubb
Score:85
5
Heritage
Score:83
6
Universal Property
Score:82
7
State Farm
Score:76
8
Nationwide
Score:74
9
Citizens Property Ins Corp
Score:73
10
Universal North America
Score:65
Cheapest Home Insurance Companies in St. Petersburg for Newly Constructed Homes
In St. Petersburg, newly constructed homes are usually less expensive to insure. Since new homes are made from modern materials and construction techniques, they are more resistant to damage, lowering the probability of the homeowner filing a claim. Newer materials are also easier to replace. As a result, the average cost of home insurance for a newly constructed home in St. Petersburg is about $910, while coverage for a house built in 2000 costs about $1,318 per year.
If you are a homeowner in St. Petersburg with a newly constructed home and looking for $250,000 in dwelling coverage, the two cheapest home insurance providers in St. Petersburg are:
- ASI: $497 per year
- Heritage: $713 per year
The Cheapest Home Insurance in St. Petersburg for New Homes, Ranked
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Cheapest Home Insurance Companies in St. Petersburg if You Have a Lot of Personal Property
Included in your homeowner’s insurance is coverage for damage to the house and damage to personal property in the house. Expect to pay higher premiums with higher personal property coverage amounts. For example, for a standard home insurance policy in St. Petersburg with a personal property coverage limit of $100,000, the average cost is $1,318. In contrast, a policy with a personal property coverage limit of $250,000 would cost $1,515 on average.
For a home in St. Petersburg with the standard $250,000 dwelling coverage but an enhanced $250,000 personal property coverage limit, the two most affordable companies are:
- Travelers: $1,099 per year
- Allstate: $1,169 per year
Cheap Companies in St. Petersburg for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in St. Petersburg for High Deductibles
When your insurance company pays a claim, you have to pay a certain amount out of pocket per claim, known as the deductible. Deductibles can significantly influence home insurance costs in St. Petersburg.
For instance, a policy with a $1,000 deductible costs $1318 on average, while a policy with a $2,000 deductible would cost $1,136 on average. With higher deductibles, your monthly premiums become lower.
For policies with a $2,000 deductible, the following two companies offer the cheapest home insurance options in St. Petersburg:
- Travelers: $869 per year
- Heritage: $889 per year
The Cheapest Companies in St. Petersburg for High Deductibles, Ranked
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Cheapest Home Insurance Companies in St. Petersburg if You Have Poor Credit
In St. Petersburg, insurance companies consider your credit score while calculating home insurance premiums. Insurance companies have found that customers with poor credit scores are more likely to file claims. Therefore, you will have to pay higher premiums if you have a low credit score.
For example, if you have good credit standing, a home insurance policy in St. Petersburg costs $1,318 on average, while the average cost would be about $1,783 if you have a poor credit score.
If you do have bad credit, the two cheapest home insurance providers in St. Petersburg in terms of average premiums are:
- Allstate: $915 per year
- Travelers: $980 per year
The Cheapest Companies in St. Petersburg for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in St. Petersburg
You need to have some information ready whenever you want to get a home insurance quote in St. Petersburg.
- Personal information - Most online sources will ask you for details like your address, insurance history and the number of people in your household and other relevant information.
- Home details - Insurance providers usually require information about your house, including its age, size and whether or not you have security devices installed.
- Personal property value - Sharing the total value of your personal property can help determine the right personal property coverage limits.
- Home replacement cost - If your home gets damaged, this is the cost of rebuilding it using similar materials. This number determines your dwelling coverage limit. To get an accurate estimate regarding this, you can hire a professional, like an independent appraiser or a building contractor.
Compare Home Insurance Rates
Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.
Homeowners Insurance in St. Petersburg Analysis: Methodology
For this study, MoneyGeek used as a base profile of the average homeowner someone with a 2,500 square-foot home constructed in 2000, with dwelling coverage of $250,000, personal property coverage of $100,000 and liability coverage of $100,000. All policies have a $1,000 deductible.
MoneyGeek analyzed homeowners insurance premiums from ten providers in St. Petersburg using data provided in partnership with Quadrant. Affordability was calculated using quotes for a typical home with different coverage levels. Customer satisfaction ratings were sourced from J.D. Power. In addition, we gathered quotes from homeowners with newly built homes, enhanced dwelling or personal property coverage, higher deductibles and low credit scores to provide reliable information for different situations.
About Mark Fitzpatrick
