Florida is known for some of the highest homeowners rates in the country. Many shoppers truly wonder how expensive rates really are. You should understand that there are many factors that can affect your rates. It’s important that you shop around online
Here are a few factors that can affect your rates. Remember companies will provide you with different rates all according to these factors. These factors are as followed:
The value of your home – How much insurance coverage you purchase matters. You will pay less for a home insured for $150,000 instead of $300,000.
How far your home is from the ocean. All homes that are located close to the ocean are more likely to be damaged by a hurricane according to https://floridainsurancequotes.net/florida-homeowners-insurance/.
Where is your Florida home located? Homes located in the southern portion of Florida cost more to insurer than homes located Northern.
What deductibles are chosen? Remember that higher deductibles will lower your premium. Most customers choose the $1,000 deductible. If you can afford it, the $2,500 or even $5,000 deductible can lower your rates.
Age of your home is another factor. New homes are less expensive to insure than older homes are. If you are looking to
How many claims have you filed? Customers who constantly file claims may pay more than those who do not. A claim can stay around and affect your rates for up to 3 years.
How’s your credit? Many companies will check your credit score in order to determine your rates.
So how much is Florida homeowners insurance?
Rates are pretty steep here in the Sunshine State. In addition, the likelihood of disasters
Yes, rates are expensive. However it also depends on the factors above. You should research if you are eligible for discounts, and comparison shop. This is a for sure way to start saving hundreds on a policy. Don’t wait. Grab a few quotes and find a homeowners insurance policy in Florida that’s affordable.