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

MoneyGeek analyzed homeowners insurance in Tallahassee, Florida, to help you secure the best coverage from an insurer that balances quality and affordability.

The average cost of homeowners insurance in Tallahassee is $1,273 per year or $106 per month. Rates may vary depending on factors like the dwelling coverage amount and personal property limit.

The cheapest insurer is Travelers at $758 per year, while the most expensive is Citizens, with policies costing an average of $2,334 per year. This means you can save up to $1,576 per year by shopping around.

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

The Cheapest Home Insurance Companies in Tallahassee

Cost is one of the most important factors to consider when purchasing homeowners insurance in Tallahassee. Most insurers provide the same core coverage at different costs, so you can save money by comparing companies’ rates.

Based on MoneyGeek’s research, the following are the cheapest homeowners insurance providers in Tallahassee for a dwelling coverage limit of $250,000:

  • Travelers: $758 per year
  • Universal North America: $798 per year

Rates in the city vary across different dwelling coverage amounts. For instance, if your policy has a dwelling coverage of $2,000,000, the following are the cheapest homeowners insurance providers in Tallahassee:

  • Allstate: $5,717 per year
  • Universal North America: $6,096 per year

You can compare companies’ rates for different dwelling coverage amounts using the table below.

The Cheapest Home Insurance in Tallahassee, Ranked

Dwelling Coverage:

$250,000

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For this research, MoneyGeek utilized a sample homeowners insurance policy with an initial dwelling coverage of $250,000 and a personal property coverage of $100,000. If you purchase a policy with a dwelling coverage limit of $2 million, it will have a property coverage limit of $800,000. All the policies used in this study feature a liability coverage limit of $100,000.

If your home is elsewhere in Florida, you can use MoneyGeek’s analysis to compare cheap homeowners insurance quotes within the state.

The Average Cost of Homeowners Insurance in Tallahassee for 2022

Tallahassee$1,273
Florida$2,359
U.S.$2,103

The average cost of homeowners insurance in Tallahassee is $1,273 per year, which is $1,086 less than the state average of $2,359. The city’s average is also lower than the national average of $2,103 by $830.

Calculate the Cost of Home Insurance in Tallahassee

The location of your home affects the cost of your homeowners insurance. Other factors, including your credit score and dwelling coverage limit, also play a key role in determining your home insurance rate.

You can use MoneyGeek’s home insurance calculator to compare rates across providers 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 Tallahassee

Cost may be the most important consideration when purchasing home insurance, but you should also evaluate insurance providers for customer satisfaction and financial stability, as these factors determine how quickly your claim is processed.

MoneyGeek’s rates for this research are based on customer satisfaction, affordability and financial stability scores. From these findings, the highest-ranking insurers in the city are:

  • Best Overall: Travelers
  • Runner-up: Nationwide

1
Travelers
Score:93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers had the highest customer satisfaction and financial stability scores. The insurer has an average annual homeowners insurance rate of $758 and provides energy efficiency upgrade coverage to policyholders.

More About Travelers

Apart from standard coverage options, Travelers also offers additional optional coverages. Policyholders can purchase cyber event or identity theft coverage. This provides policyholders with up to $25,000 to cover expenses associated with restoring their identity. The insurer also provides several unique discounts, such as the home buyer discount offered to individuals who have purchased their home within a year of applying for a Travelers policy.

2
Nationwide
Score:90.4

4.6/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Nationwide was ranked highly for affordability, customer satisfaction and financial stability, making it an all-around excellent option for a home insurance provider. The insurer charges an average annual rate of $1,050. Policies also include extra protection for your home if it’s damaged by an earthquake.

More About Nationwide

Homeowners have the option to add replacement cost on contents coverage, meaning that Nationwide will reimburse you the cost of your items equivalent to their depreciated value. That means if you purchase replacement items or repair them, you will get reimbursed for the difference in cost. The insurer also offers several discounts, and policyholders can save on their premiums if their home is located in a gated community or purchased within one year of the policy’s effective date.

Cheapest Home Insurance Companies in Tallahassee for Newly Constructed Homes

Individuals with newly constructed homes in Tallahassee pay lower monthly premiums for homeowners insurance than those with older homes. Newer homes are built with modern materials that are easier to replace and resistant to damage, reducing the likelihood that owners will file a claim.

Homeowners insurance for a newly constructed home in Tallahassee costs an average of $876 per year, compared to $1,273 for homes built in 2000.

The cheapest homeowners insurance in Tallahassee for newly constructed homes with a $250,000 dwelling coverage limit are the following:

  • Universal North America: $549 per year
  • Universal Property: $569 per year
The Cheapest Home Insurance in Tallahassee for New Homes, Ranked

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

Homeowners insurance coverage also extends to any belongings in your home. The cost of your premium may change based on the value of your personal property.

For a policy with a personal property coverage of $250,000, you will pay an average of $1,447 per year, compared to the $1,273 average for a policy with $100,000 in personal property coverage.

Based on MoneyGeek’s research, the following companies offer the cheapest homeowners insurance in Tallahassee for high personal property limits:

  • Travelers: $846 per year
  • Universal North America: $907 per year
Cheap Companies in Tallahassee for Extra Personal Property Coverage

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Cheapest Home Insurance Companies in Tallahassee for High Deductibles

While processing your claim, the insurer may require you to pay a certain amount out of pocket, known as the deductible. If you choose a policy with a high deductible, you will pay lower monthly premiums but higher out-of-pocket costs.

In Tallahassee, a policy with a $2,000 deductible costs an average of $1,103 per year, while a policy with a deductible of $1,000 costs $1,273 annually.

According to MoneyGeek, the following insurance companies offer the cheapest homeowners insurance in Tallahassee for high deductibles:

  • Travelers: $672 per year
  • UniversalNorth America: $671 per year
The Cheapest Companies in Tallahassee for High Deductibles, Ranked

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Cheapest Home Insurance Companies in Tallahassee if You Have Poor Credit

The cost of homeowners insurance in Tallahassee also depends on your credit score. Having poor credit makes you riskier to insure since you are more likely to file claims with your insurer. That means you will pay more for homeowners insurance than individuals with good credit scores.

For instance, if you have a poor credit score, you will pay about $1,626 per year for homeowners insurance. With a good credit score, however, you will only pay $1,273.

The two cheapest insurers in Tallahassee for homeowners with a poor credit score are:

  • Travelers: $758 per year
  • Universal Property: $826 per year
The Cheapest Companies in Tallahassee for Poor Credit, Ranked

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Getting Online Homeowners Insurance Quotes in Tallahassee

Most insurers have an online tool that allows you to get homeowners insurance from their website. You will need to have the following information ready:

  • Home replacement cost: This refers to the amount of money you will need to rebuild your damaged home and is different from its market value. Insurers use this cost to calculate your dwelling coverage limits. You may need to work with a construction professional or building contractor to get this estimate.
  • Personal property value: This is the value of all the personal belongings within your home. Insurers use this value to determine your personal property coverage limits.
  • Personal information: This includes details such as your home address, previous insurance details and the number of people living in your home.
  • Information about your house: You may also need to provide information about your home, including the size, year of construction and whether you have security devices installed.
Insurance Rates

Compare Home Insurance Rates

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 Tallahassee Analysis: Methodology

In conjunction with Quadrant, MoneyGeek collected the information used in this research from ten insurers in Tallahassee, Florida. We calculated average rates across different policy categories including newly constructed homes, increased dwelling coverage, personal property coverage and deductible amounts, as well as poor credit ratings.

The base profile used was for a 2,500-square-foot home constructed in 2000, with a dwelling coverage limit of $250,000, personal property coverage limit of $100,000, liability limit of $100,000 and deductible of $1,000.

MoneyGeek estimated the affordability scores across different coverage levels and obtained customer satisfaction scores from J.D. Power.

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.