Clay County is a landlocked municipality located in northeastern Florida. As of 2019, Clay County has 219,252 residents, making the county one of the most populated in the state of Florida. The largest contributing industries to the county’s revenue are mixed freight/goods transportation industry, pharmaceutical industry, and the technology/electronics industry.
Living in Clay
Clay County owner-occupied homes have a median value of $174,400 as of 2018 and a median household income of $62,653, which are relatively similar to median values in Florida and the United States overall.
Healthcare, social assistance, and retail are the largest industries in terms of employed residents of the county while the highest paying are mining, quarrying, and oil & gas extraction. The largest cities and towns in the county are Green Cove Springs, Keystone Heights, Orange Park, and Penney Farms, which represent a combined 7 percent of the population.
Home Insurance Premiums in Clay County
Relative to the income and home values in Clay County, the average premiums for home insurance policies are somewhat low, which potentially indicates a low cost-of-living in other areas. One way that homeowners can decrease what they pay for home insurance further is by purchasing or updating their homes with wind mitigation features in mind.
As the table below demonstrates, types of home construction that include wind mitigation typically have lower premiums on average.
Average Homeowners Premiums in Clay County
| Construction Type | Home Value | Average Premium |
|---|---|---|
| Pre-2001 (No Wind Mitigation) | $150,000 | $1,374.19 |
| Pre-2001 (With Wind Mitigation) | $150,000 | $978.96 |
| New Construction | $300,000 | $1,598.74 |
| Overall Average | $1,317.30 |
Sourced from Florida’s Office of Insurance Regulation, we calculated the overall average for homeowners insurance to be $1,317 in the county. Once you know what value and construction type of property you want to insure, you can take further steps to save money on your premium. One of the common ways people do this is by finding companies that allow policy bundling (for example with auto insurance) or adding security features to earn a discount, but one of the simplest and best ways is to do thorough comparison shopping.
Often, the companies offering the lowest rates will offer significantly more affordable options than the average insurer. In Clay County, as the list below shows, the companies that have had the lowest average premiums can save you as much as $700 on a home insurance policy Florida.
For $150,000 homes built before 2001 without wind mitigation, the average is $1,374.
A list of insurers that offer cheaper-than-average rates:
- Citizens – $846
- First Protective – $988
- Stillwater – $1,001
- Southern Fidelity – $1,012
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction Without Wind Mitigation Rate in Clay County
| Company Name | Annual Premium |
|---|---|
| Citizens | $846 |
| First Protective | $988 |
| Stillwater | $1,001 |
| Southern Fidelity | $1,012 |
| Universal | $1,049 |
| Tower Hill Prime | $1,053 |
| Florida Peninsula | $1,061 |
| Tower Hill Preferred | $1,279 |
| People's Trust | $1,293 |
| American Integrity | $1,318 |
| St. Johns | $1,320 |
| Tower Hill Signature | $1,352 |
| Florida Family | $1,371 |
| Tower Hill Select | $1,378 |
| American Traditions | $1,387 |
| ASI | $1,442 |
| Florida Farm | $1,459 |
| First Community | $1,500 |
| FedNat | $1,524 |
| Family Security | $1,552 |
| Liberty Mutual | $1,566 |
| Universal | $1,608 |
| Castle Key | $1,669 |
| Security First | $1,690 |
| Southern Oak | $1,709 |
| Auto Club Florida | $1,799 |
| State Farm Florida | $1,877 |
| Average | $1,374.19 |
For $150,000 homes built before 2001 with wind mitigation, the average is $979.
A list of insurers that offer cheaper-than-average rates:
- Citizens – $605
- Universal – $618
- First Protective – $629
- Florida Farm – $675
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction With Wind Mitigation Rate in Clay County
| Company Name | Annual Premium |
|---|---|
| Citizens | $605 |
| Universal | $618 |
| First Protective | $629 |
| Florida Farm | $675 |
| Stillwater | $683 |
| Tower Hill Prime | $728 |
| St. Johns | $730 |
| Southern Fidelity | $792 |
| Florida Peninsula | $835 |
| FedNat | $868 |
| Tower Hill Preferred | $870 |
| Universal | $909 |
| American Traditions | $943 |
| People's Trust | $954 |
| Tower Hill Select | $973 |
| American Integrity | $981 |
| Florida Family | $1,000 |
| Liberty Mutual | $1,066 |
| Southern Oak | $1,077 |
| Tower Hill Signature | $1,100 |
| ASI | $1,109 |
| First Community | $1,213 |
| Family Security | $1,270 |
| Castle Key | $1,397 |
| Auto Club Florida | $1,400 |
| Security First | $1,451 |
| State Farm Florida | $1,556 |
| Average | $978.96 |
For $300,000 homes with new construction, the average is $1,599.
A list of insurers that offer cheaper-than-average rates:
- Stillwater – $897
- First Protective – $1,118
- Universal – $1,138
- St. Johns – $1,179
List of Companies & Rates for Home Valued at $300,000, New Construction in Clay County
| Company Name | Annual Premium |
|---|---|
| Stillwater | $897 |
| First Protective | $1,118 |
| Universal | $1,138 |
| St. Johns | $1,179 |
| Citizens | $1,190 |
| Florida Farm | $1,313 |
| Florida Peninsula | $1,333 |
| American Traditions | $1,335 |
| People's Trust | $1,372 |
| Southern Oak | $1,387 |
| Tower Hill Prime | $1,392 |
| American Integrity | $1,412 |
| Universal | $1,513 |
| Southern Fidelity | $1,538 |
| Tower Hill Preferred | $1,547 |
| Tower Hill Select | $1,549 |
| FedNat | $1,660 |
| Florida Family | $1,749 |
| Family Security | $1,857 |
| First Community | $1,866 |
| ASI | $1,890 |
| Auto Club Florida | $1,923 |
| Tower Hill Signature | $1,972 |
| Castle Key | $2,011 |
| Security First | $2,107 |
| Liberty Mutual | $2,290 |
| State Farm Florida | $2,628 |
| Average | $1,598.74 |
Flood Insurance in Clay
Although Clay County is a landlocked region, much of the county sits within the flood plains of various rivers such as the St. Johns River. This means, as in the rest of the state of Florida, homes in Clay County are at risk of flooding due to tropical storms during hurricane season. If you want to purchase a home in the area, you’ll need to purchase flood insurance to protect your home.
Local companies like First Protective offer policies through the National Flood Insurance Program (NFIP), and these policies remain affordable for homeowners in areas at risk for flooding due to government price controls. However, if you have a home that is worth over $250,000, you’ll also need an additional private policy, as NFIP policies cannot exceed that amount.
