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Home Insurance in Citrus County, FL: Companies & Premiums

Home Insurance in Citrus County, FL: Companies & Premiums

Home Insurance in Citrus County, FL: Companies & Premiums
Waterfront home in Homosassa Springs, FL located in Citrus County 📸 via Kiefer Realty

Centrally located along the Gulf Coast of peninsular Florida, Citrus County has a moderate-sized population, with just under 150,000 residents according to 2018 estimates from the US Census Bureau. The county is home to a variety of wildlife, especially within the county’s completely or virtually uninhabited islands along the coastline.

Living in Citrus

As of 2018, the median household income in the county is $41,424, which about two-thirds of the national median. Homes in the county have a median value of about $165,000 as of March 2020, which is in-line with the residents’ income, according to Zillow.

Citrus County’s largest communities are Inverness and Homosassa Springs. Outside of its populated areas, the county is also home to the Crystal River National Wildlife Refuge and a portion of the Chassahowitzka National Wildlife Refuge, where many of the county’s 400-plus unique animal species live.

Home Insurance Premiums in Citrus County

In Citrus County, home insurance premiums for $150,000 homes built before 2001 average either around $1,700 or $2,600, depending on whether they have one key feature: wind mitigation.  As you can see in the table below, protective wind mitigation features can bring down the cost of home insurance substantially.

This is because homes located in Florida that have to face the threat of hurricane season each year, something that Florida home insurance companies use to calculate the financial risk they’re taking on by offering you a policy. In Citrus County, $150,000 homes with mitigation have premiums that are over $800 cheaper compared to homeowners with properties without wind mitigation.

Average Homeowners Premiums in Citrus County

Construction TypeHome ValueAverage Premium
Overall Average$2,372.37
Pre-2001 (No Wind Mitigation)$150,000$2,555.93
Pre-2001 (With Wind Mitigation)$150,000$1,720.81
New Construction$300,000$2,840.37

The overall average for home insurance in this county is $2,372 based on the data by Florida’s Office of Insurance Regulation. But don’t think that these high premium prices are what you’ll be stuck paying if you move to Citrus County. Insurance companies tend to have a lot of variation in the premium price they offer customers. This is because each company uses its own formula to calculate the quote they offer customers, and, as the list below shows, the companies with the lowest average premiums in Citrus County offer plans far more affordable than the county average.

In fact, if you look at $150,000 homes with wind mitigation alone, you could potentially spend around $1,000 under the county average by obtaining an averagely priced policy from some of the companies included in the list below.

For $150,000 homes built before 2001 without wind mitigation, the average premium is $2,556.

Companies offering below-average rates are listed here:

List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction Without Wind Mitigation Rate in Citrus County

CompanyAnnual Premium
Average$2,555.93
Citizens$1,458
Tower Hill Preferred$1,458
Tower Hill Prime$1,663
Southern Fidelity$1,805
St. Johns$1,818
First Protective$1,834
First Community$1,850
Stillwater$1,923
Universal$1,952
Tower Hill Select$1,966
Florida Farm$1,998
People's Trust$2,054
FedNat$2,160
Security First$2,278
Castle Key$2,297
Tower Hill Signature$2,375
American Traditions$2,444
Florida Peninsula$2,693
Florida Family$2,726
Liberty Mutual$2,731
Family Security$2,747
American Integrity$2,885
Universal$3,244
State Farm Florida$3,318
ASI$3,448
Southern Oak$3,478
Auto Club Florida$8,407

For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,721.

Companies offering below-average rates are listed here:

  • First Protective – $745
  • Universal – $857
  • Citizens – $858
  • Florida Farm – $900

List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction With Wind Mitigation Rate in Citrus County

CompanyAnnual Premium
Average$1,720.81
First Protective$745
Universal$857
Citizens$858
Florida Farm$900
Tower Hill Preferred$922
St. Johns$962
Tower Hill Prime$1,074
FedNat$1,168
Tower Hill Select$1,201
First Community$1,274
Southern Fidelity$1,279
People's Trust$1,294
Liberty Mutual$1,318
Stillwater$1,466
American Traditions$1,535
Tower Hill Signature$1,666
Castle Key$1,671
Florida Family$1,736
Florida Peninsula$1,752
Universal$1,845
Security First$1,926
American Integrity$1,984
Southern Oak$2,039
Family Security$2,201
State Farm Florida$2,585
ASI$2,688
Auto Club Florida$7,516

For $300,000 homes with new construction, the average premium is $2,840.

Companies offering below-average rates are listed here:

  • First Protective – $1,527
  • St. Johns – $1,610
  • Tower Hill Preferred – $1,621
  • Florida Farm – $1,685

List of Companies & Rates for Home Valued at $300,000, New Construction in Citrus County

CompanyAnnual Premium
Average$2,840.37
First Protective$1,527
St. Johns$1,610
Tower Hill Preferred$1,621
Florida Farm$1,685
Universal$1,705
Citizens$1,812
Stillwater$1,839
Tower Hill Select$1,906
Tower Hill Prime$2,037
People's Trust$2,140
First Community$2,190
FedNat$2,284
American Traditions$2,411
Castle Key$2,432
Southern Fidelity$2,531
Southern Oak$2,820
Liberty Mutual$2,907
Florida Peninsula$2,956
Security First$3,010
Tower Hill Signature$3,103
Florida Family$3,183
Universal$3,213
Family Security$3,514
American Integrity$3,553
State Farm Florida$4,447
ASI$4,612
Auto Club Florida$9,642

Flood Insurance in Citrus

Because of its location on the Gulf Coast, Citrus County is highly vulnerable to flooding from hurricanes each year, which means responsible homeowners will want to purchase additional flood insurance policies for their properties. 

Standard home insurance won’t cover or reimburse you for repaired or rebuilding need due to flooding damage, so you’ll likely need to turn to regional insurance companies like First Protective, which provides affordable flood insurance policies as part of the federal National Flood Insurance Program.

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