Having life insurance provides you peace of mind that your family or dependents will be financially supported when you pass away. In this review, MoneyGeek analyzed average rates based on age, gender and smoking history to find the best life insurance companies in Jacksonville for different buyer profiles.
Best Life Insurance Companies in Jacksonville, FL, for 2023



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Best Cheap Life Insurance in Jacksonville
When shopping for life insurance, it’s important to consider that your age and preferred coverage level will significantly impact your rates. In Jacksonville, the cheapest insurer is Transamerica for both men and women. For a $250K coverage, men pay around $11 per month, while women only pay $9 per month.
Although a $250K coverage policy is cheaper, meeting Florida’s recommended state coverage of $736K ensures that your family is able to keep up with living costs, average income, average personal debt and other expenses. At this higher coverage level, men pay around $21 per month, while women pay around $17 per month.
Cheapest Life Insurance Companies for Males and Females in Jacksonville
Cheapest For | $250K Coverage | $736K Coverage (Recommended) |
---|---|---|
Male | Transamerica | Transamerica |
Female | Transamerica | Transamerica |
Life Insurance Costs in Jacksonville for Men and Women
MoneyGeek reviewed the average cost of life insurance, which varies not just between different genders, but also within cities in each state. MoneyGeek found that life insurance for men in Jacksonville is 9% higher than the average cost of life insurance in Florida. Meanwhile, the cost of life insurance for women in Jacksonville is equal to the state-wide average cost of life insurance.
Typically, men pay more than women for life insurance policies in Jacksonville: policies that include $250K of coverage cost $19 per month for men but only cost $15 per month for women.
This also applies to Florida’s recommended coverage amount of $736K. Male buyers should expect to pay around $39 per month, while female buyers can expect to pay less at $31 per month.
For a 10-year term life insurance in Jacksonville, men typically pay around $25 per month, while women only pay $20 per month.
Average Monthly Life Insurance Rates in Jacksonville: Men
Average Monthly Life Insurance Rates in Jacksonville: Women
Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Jacksonville using average buyer profile statistics, including the average age of 34, the average weight of 183 pounds for males and 145 pounds for females, and an average coverage need of $736,000.
Life insurance costs change significantly between genders. Because women tend to outlive their male counterparts, they often receive lower life insurance rates. A Harvard study showed that men die earlier than women because they’re more likely to take risks and have dangerous jobs, among other reasons.
Although they live longer, women are less likely to buy life insurance than men. Women have become essential in the workforce and significant contributors to the economic stability of their homes. Because of this, they should also consider obtaining life insurance.
Most Popular Life Insurance Companies in Florida
The three most popular life insurance companies in Florida are Northwestern Mutual, Lincoln Financial and MassMutual with respective market shares of 8%, 6% and 5%. Overall, the seven most popular companies in Florida, listed in the table below, comprise 36% of the overall market share.
Most Popular Life Insurance Companies in Florida
Simply put, a market share tells us how many policies a specific provider has sold compared to others in the same industry. Life insurance companies with higher market shares sell more policies.
In this review, MoneyGeek included the most popular life insurance companies and their respective market shares based on the data from S&P Global’s 2020 state reports.
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Cheapest Life Insurance for Young People in Jacksonville
For young people in Jacksonville, the average cost of premiums range from approximately $15 to $25 per month. The cheapest companies offering life insurance for young people are:
- Transamerica: $15 per month
- Mutual of Omaha: $17 per month
Below is a complete list of the most affordable life insurance companies for young adults in Jacksonville.
Best Life Insurance Companies for Young People in Jacksonville, FL
Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Jacksonville who is 5 feet 10 inches in height and weighs 156 pounds with a 20-year term contract at the average coverage need of $280K. We chose a 20-year term to provide a longer coverage period for a younger buyer.
The cost of life insurance increases as you age. That’s why it’s best to buy a policy at a young age since your rates will be lower.
Cheapest Life Insurance for Seniors in Jacksonville
In Jacksonville, the average cost of life insurance for seniors ranges from $42 to $87 per month. The cheapest companies for older adults in Jacksonville are:
- MassMutual: $42 per month
- State Farm: $45 per month
Below is a list of life insurance companies with the lowest rates for seniors in Jacksonville.
Best Life Insurance Companies for Seniors in Jacksonville, FL
Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Jacksonville who is 5 feet 10 inches tall and weighs 183 pounds with a 10-year term contract at the average coverage need of $83K.
Senior buyers are considered high-risk by insurers, as their life insurance policies are likely to outlive them. Because of this providers typically charge seniors higher premiums. However, seniors can save money by choosing less coverage, which is usually acceptable because they have fewer financial dependents. For this reason, we set a coverage limit of only $100K, enough to cover funeral arrangements and other burial costs.
Cheapest Life Insurance for Smokers in Jacksonville
The average life insurance quotes in Jacksonville for people who smoke range from $124 to $220 per month. In Jacksonville, the cheapest life insurance providers for smokers are:
- Transamerica: $124 per month
- State Farm: $145 per month
Aside from these two companies, the table below shows the most affordable insurers in the city for smokers.
Best Life Insurance Companies for Smokers in Jacksonville, FL
Rates were determined by analyzing quotes for a 34-year-old male smoker in Jacksonville who is 5 feet 10 inches tall and weighs 183 pounds with a 20-year term contract at the average coverage need of $736K.
Smokers are riskier to insure as they are prone to tobacco-related illnesses like cancer, heart diseases and stroke, among many others. Due to this, smokers tend to pay higher insurance premiums.
Nevertheless, it’s still possible to find affordable life insurance quotes for people who smoke. MoneyGeek recommends buying a 20-year term policy, as premiums for smokers tend to increase as you age.
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Methodology
MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economics, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.
About Mark Fitzpatrick

sources
- Harvard Health Publishing. "Why Men Often Die Earlier Than Women." Accessed May 27, 2022.
- Life Insurance Marketing and Research Association (LIMRA). "Facts About Life Insurance 2021." Accessed May 27, 2022.
- National Center for Health Statistics. "Provisional Life Expectancy Estimates for January through June, 2020." Accessed May 27, 2022.
- S&P Global. "2020 Annual Report." Accessed May 27, 2022.
- Center for Disease Control and Prevention. "Health Effects." Accessed May 27, 2022.