Best Life Insurance Companies in St. Petersburg, FL

Life insurance gives financial support to your dependents in the event of your death. Since there are many life insurance providers in St. Petersburg, Florida, shopping around can help you choose the coverage that best fits your needs and lifestyle.

Examine the top life insurance companies in St. Petersburg based on MoneyGeek's evaluation of their average premiums based on your age, gender and smoking history.

Your life insurance rates are determined by the amount of your coverage and your gender. Transamerica is the cheapest for men and women in St. Petersburg for $250K coverage, costing an average of $11 and $10 monthly, respectively.

Although insurance with $250K in coverage is less expensive, it may be insufficient. The state’s recommended amount is $736,000 based on profile variables and state-specific factors.

Transamerica provides the cheapest $736K life insurance coverage at around $21 monthly for men and roughly $18 monthly for women.

The cost of life insurance is influenced by the gender of the insured person. When it comes to life insurance, males in St. Petersburg pay an average of 11% more than the average of the state, while women pay around 8% more.

A life insurance policy with basic coverage of $250K costs an average of $19 for men and $17 for women in St. Petersburg.

These prices may increase if you choose Florida's recommended higher coverage level of $736K, which is based on per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age. Men pay roughly $40 per month for the recommended coverage level, while women pay around $33 per month.

Furthermore, regardless of coverage level, the average monthly cost of a 10-year term insurance policy in St. Petersburg is $25 for males and $21 for women.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in St. Petersburg 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.

Northwestern Mutual, Lincoln Financial and MassMutual were reported by MoneyGeek to have roughly 8%, 6% and 5% of Florida's life insurance market share, respectively.

Florida's top seven most popular life insurance providers make up approximately 37% of the market share. In the table below, MoneyGeek compiled the most popular life insurance companies in Florida and their respective market shares.

The cost of life insurance for young individuals in St. Petersburg varies by provider, with monthly premiums ranging from around $15 to $25. On average, the top two cheapest life insurance carriers in the state for young people are:

• Transamerica: $15 per month
• Mutual of Omaha: $17 per month

The table below contains a comprehensive list of companies in St. Petersburg that provide affordable rates for young people.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in St. Petersburg who is 5 feet 10 inches, 156 pounds and purchases a 20-year term contract at the average coverage need of $280,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

The cost of life insurance for the elderly in St. Petersburg varies from around $43 to $89 per month. According to MoneyGeek's research, on average, the following companies provide the best value for money to older people in St. Petersburg:

• MassMutual: $43 per month
• State Farm: $46 per month

In the table below, you can compare various life insurance rates in St. Petersburg for seniors.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in St. Petersburg who is 5 feet 10 inches, 183 pounds and purchases a 10-year term contract at the average coverage need of $83,000.

The average cost of life insurance in St. Petersburg for someone who smokes might range from around $127 to $225 each month. On average, MoneyGeek found that the cheapest companies for smokers in St. Petersburg are:

• Transamerica: $127 per month
• State Farm: $148 per month

There are several more inexpensive insurance for smokers in the cities listed below.

Rates were determined by analyzing quotes for a 34-year-old male smoker in St. Petersburg who is 5 feet 10 inches, 183 pounds and purchases a 20-year term contract at the average coverage need of $736,000. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase as you age.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, 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.