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Best cheap homeowners insurance in Jacksonville
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
The best home insurance companies in Jacksonville
In a disaster-prone state like Florida, it’s especially important that your home insurance policy provides financial protection when you need it most. According to Risk Factor, 100 percent of Jacksonville homes are at extreme risk for wind damage, and 70 percent are at moderate fire risk. Home insurance can offer significant financial protection from natural disasters, but it’s important to choose a company that fits your needs. Bankrate’s insurance editorial team keeps close tabs on the turbulent Florida insurance market to review providers that are still actively writing policies in the state. Based on our research, Tower Hill, Florida Peninsula and Security First are some of the best home insurance companies in Jacksonville to consider.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why Tower Hill made our list: Tower Hill Insurance Exchange is a subsidiary of the larger Tower Hill Prime, with the former only writing policies in the state of Florida. Tower Hill Insurance Exchange has an A (Exceptional) rating from Demotech, which signals a strong ability to pay out claims. Tower Hill also offers private flood insurance, which comes with higher limits than a National Flood Insurance Program (NFIP) policy. With the NFIP, dwelling limits are capped at $250K, while Tower Hill’s flood policies go up to $1.25 million.
Why Tower Hill may be best for endorsements: Tower Hill could be a good option for Jacksonville homeowners looking for more customizable coverage. Homeowners may be able to add endorsements (aka add-on coverages) like equipment breakdown, watercraft coverage and three different types of cyber protection.
| Bankrate Score | 3.9 |
| J.D. Power | |
| AM Best Rating |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why Florida Peninsula made our list: Florida Peninsula is a Boca Raton-based carrier that writes home insurance only in the state of Florida. It has a below-average NAIC complaint index for its home insurance product, indicating that customers are generally satisfied with the company. The company also has an A (Exceptional) rating from Demotech.
Why Florida Peninsula may be best for working with a local company: Florida Peninsula’s digital tools may be lacking, but it has multiple office locations throughout Jacksonville for homeowners who prefer in-person service. Additional coverage types like identity theft protection, equipment breakdown, animal liability, sinkhole and flood insurance are also available for an extra cost.
| Bankrate Score | Not rated |
| J.D. Power | |
| AM Best Rating |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why Security First made our list: Security First exclusively writes policies in the state of Florida and participates in the Citizens Depopulation program, an effort to get homeowners off of the strained Citizens plan and with a private provider. Security First has an A (Exceptional) rating from Demotech and secured $100 million in reinsurance in 2023 — two large green flags in terms of the company’s financial stability. However, auto policies are not available, which could deter homeowners looking to bundle their policies.
Why Security First may be the best for pre-packaged coverage options: Security First serves Florida homeowners with a breadth of coverage packages ranging from bare-bones dwelling-only coverage to an extensive HO-5 policy. Its Premier HO-5 policy package includes endorsements like equipment breakdown, food spoilage and lock replacement. Its HO-3 Signature policy tier can be customized with add-ons like dog liability, computer equipment and golf cart coverage.
| Bankrate Score | Not rated |
| J.D. Power | |
| AM Best Rating |
Bankrate's trusted insurance industry expertise
Read our full methodologyFinding the best home insurance in Jacksonville can be challenging, given the recent turmoil in the Florida insurance market. At Bankrate, we update our average rate data from Quadrant Information Services every month to provide you the best quality analysis.
46
years of industry experience
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The cheapest home insurance companies in Jacksonville
Home insurance in Jacksonville may not be as expensive as other Florida cities, but it can still strain your budget. The average cost of home insurance in Jacksonville is 51 percent less than the Florida average of $5,527. Finding cheap home insurance in Jacksonville may be more difficult to do on your own, but Bankrate’s insurance editorial can help. We’ve looked through our rate data from Quadrant Information Services and found a list of the cheapest home insurance companies in the city for multiple dwelling coverage limits.
|
|
|
|
|---|---|---|
|
Security First
|
$91
|
$1,098
|
|
Florida Peninsula
|
$149
|
$1,784
|
|
American Integrity
|
$164
|
$1,967
|
|
$171
|
$2,051
|
|
|
|
|
|---|---|---|
|
Security First
|
$106
|
$1,098
|
|
Florida Peninsula
|
$172
|
$1,784
|
|
American Integrity
|
$192
|
$1,967
|
|
$197
|
$2,051
|
|
|
|
|
|---|---|---|
|
Security First
|
$126
|
$1,513
|
|
Florida Peninsula
|
$219
|
$2,627
|
|
$225
|
$2,706
|
|
|
American Integrity
|
$245
|
$2,944
|
|
|
|
|
|---|---|---|
|
Security First
|
$188
|
$2,251
|
|
$308
|
$3,694
|
|
|
Florida Peninsula
|
$365
|
$4,375
|
|
$402
|
$4,825
|
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare home insurance rates
Answer a few questions to see personalized rates from top carriers.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much is home insurance in Jacksonville, Florida?
In Jacksonville, homeowners pay an average of $2,705 per year for $300,000 in dwelling coverage. To compare, the national average cost of home insurance is $2,304 per year for a policy with the same dwelling limit. But, keep in mind that these are just average figures to be used for comparison purposes. Your Jacksonville home insurance costs will depend on a couple of different personal rating factors like your credit rating, home age and deductible level.
Jacksonville rates by credit tier
Building credit can be an effective way to secure more affordable rates: Our data shows that, on average, homeowners with excellent credit pay 18 percent less than Jacksonville homeowners with poor credit. Although improving your credit won’t happen overnight, taking steps to boost credit can significantly affect your home insurance costs. The table below illustrates carriers with the cheapest rates for $300,000 in dwelling coverage for various credit tiers.
|
|
|
|
|
|
|---|---|---|---|---|
|
Security First
|
$1,098
|
$1,098
|
$1,098
|
$1,098
|
|
Florida Peninsula
|
$1,784
|
$1,784
|
$1,784
|
$1,784
|
|
American Integrity
|
$2,218
|
$2,001
|
$1,967
|
$1,904
|
|
$3,208
|
$2,144
|
$2,051
|
$1,846
|
|
|
$4,819
|
$2,468
|
$2,196
|
$1,741
|
Jacksonville rates by home age
Older homes usually have higher insurance costs than newer builds. Older homes, particularly ones with older roofs, may be more prone to claim-causing damage. Plus, an older home could also be built with materials that are harder to find nowadays. This could make a potential rebuild more expensive, and possibly lead to higher rates. You can compare the cheapest home insurance companies in Jacksonville for $300,000 in dwelling coverage and average insurance costs for different home ages in the table below.
|
|
|
|
|
|
|
|---|---|---|---|---|---|
|
Security First
|
$1,641
|
$1,626
|
$1,756
|
$1,354
|
$1,017
|
|
Florida Peninsula
|
$2,509
|
$2,509
|
$2,429
|
$1,880
|
$1,657
|
|
American Integrity
|
$3,413
|
$3,457
|
$3,398
|
$2,140
|
$1,820
|
|
$2,880
|
$2,891
|
$2,877
|
$2,403
|
$1,877
|
|
|
$5,537
|
$5,201
|
$4,781
|
$2,577
|
$1,895
|
Jacksonville rates by deductible amount
Your home’s age is unchangeable, and raising your credit-based insurance score can take time. Raising your home insurance deductible can be a faster way to secure a cheaper home insurance rate. Your insurance deductible is the amount of money you are financially responsible for. By shifting a greater part of the financial burden away from your insurance company, you will likely be rewarded with a lower premium. However, be cautious not to raise your deductible too high or to an amount you cannot reasonably afford.
|
|
|
|
|
|---|---|---|---|
|
Security First
|
$1,098
|
$1,042
|
$995
|
|
Florida Peninsula
|
$1,784
|
$1,569
|
$1,569
|
|
American Integrity
|
$1,930
|
$1,730
|
$1,675
|
|
$2,051
|
$1,956
|
$1,844
|
|
|
$2,109
|
$2,110
|
$1,977
|
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
- Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.
Claims: Rates were calculated based on the following insurance claims assigned to our homeowners: “fire ($80,000 in losses), liability ($31,000 in losses), theft ($5,000 in losses) and wind ($12,000 in losses).”
Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: “1959, 1982, 1992, 2010, 2016 (base) and 2020.”
Bankrate Scores
Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
-
Cost & ratings 50%
-
Coverage & savings 30%
-
Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
