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Home Insurance in Gadsden County, FL: Companies & Premiums

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Home in Quincy, FL located in Gadsden County 📸from Zillow

Located right in the middle of the Flordia Panhandle, Gadsden County is among Florida’s least populated areas. According to the US Census Bureau, as of 2018, Gadsen County has a population of 46,017 people and a median household income of $40,922, which is roughly two-thirds of the national median.

Population Centers in Gadsden

Over half of Gadsden County’s residents live in Quincy, which has a population of over 24,000 people. Other large towns in the county include Havana, which has over 11,000 residents; Chattahoochee, which has over 5,000; and Midway, which has over 3,000. While these are relatively small towns compared to those in other areas of Florida, they represent significant concentrations of the otherwise sparsely populated county.

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Home Values in Gadsden

According to the US Census, the median property value for owner-occupied homes in Gadsden County is fairly low at $92,600 compared to other areas in the Flordia Panhandle as well as in the rest of the state. As a result, the average home insurance premiums tend to be on the lower end as well. Despite, the low price of homes, about 29% of homes in Gadsden County are considered mobile homes. That rate is more than three times the rate in Florida as a whole (about 9%).

Home Insurance Premiums in Gadsden County

In Gadsen County, home insurance premiums average between roughly $1,200 to $1,600 for homes that are worth $150,000, but as you can see in the chart below, that difference is the result of how much you can save on insurance if you have wind mitigation.

In states like Florida that have to endure hurricane season each year, home insurance companies factor in the ability of the home to withstand natural disasters to the premiums they quote to homeowners. Adding wind mitigation to an older home, which is generally standard in new construction, can be a great way to save on home insurance each year.

Average Homeowners Premiums in Gadsden County

Construction TypeHome ValueAverage Premium
Pre-2001 (No Wind Mitigation)$150,000$1,626,48
Pre-2001 (With Wind Mitigation)$150,000$1.198.26
New Construction$300,000$1,918.04
Overall Average$1,580.93

As the table above from Florida’s Office of Insurance Regulation elucidates, Gadsden County has an overall average of $1,580.93. When shopping for home insurance in FL, make sure to compare quotes from different companies because you stand to save hundreds of dollars if you purchase a policy with companies whose average policy premiums are well below those of the county overall.

For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,626.

For more affordable rates, check out these insurers below:

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

CompanyAnnual Premium
Citizens$757
Universal$897
Florida Peninsula$1,075
Security First$1,164
First Protective$1,174
Southern Fidelity$1,279
Florida Farm Bureau$1,286
Tower Hill Prime$1,302
Stillwater$1,359
People's Trust$1,449
Tower Hill Signature$1,473
Family Security$1,505
Florida Family$1,513
American Integrity$1,629
Tower Hill Preferred$1,676
First Community$1,753
Tower Hill Select$1,792
Liberty Mutual$1,813
Castle Key$1,918
Auto Club of Florida$1,944
American Traditions$1,998
St. Johns$2,018
ASI$2,038
FedNat$2,109
Southern Oak$2,201
Universal$2,219
State Farm Florida$2,574
Average$1,626.48

For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,198.

For more affordable rates, check out these insurers below:

  • First Protective – $748
  • Florida Farm – $766
  • Tower Hill Prime – $910
  • Southern Fidelity – $1,005

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

CompanyAnnual Premium
Universal$531
Citizens$582
First Protective$748
Florida Farm Bureau$766
Florida Peninsula$872
Tower Hill Prime$910
Southern Fidelity$1,005
Stillwater$1,048
Security First$1,056
Florida Family$1,108
People's Trust$1,111
FedNat$1,143
Tower Hill Preferred$1,146
St. Johns$1,183
Tower Hill Signature$1,186
Universal$1,234
American Integrity$1,243
Tower Hill Select$1,249
Family Security$1,250
First Community$1,339
Liberty Mutual$1,372
American Traditions$1,565
Auto Club of Florida$1,572
Castle Key$1,575
Southern Oak$1,599
ASI$1,749
State Farm Florida$2,211
Average$1,198.26

For $300,000 homes with new construction, the average premium is $1,918.

For more affordable rates, check out these insurers below:

  • Universal – $973
  • Citizens – $1,112
  • People’s Trust – $1,569
  • Family Security – $1,740

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

CompanyAnnual Premium
Universal$973
Citizens$1,112
Florida Farm Bureau$1,279
First Protective$1,332
Stillwater$1,341
Security First$1,360
Florida Peninsula$1,386
People's Trust$1,569
Tower Hill Prime$1,705
Family Security$1,740
American Integrity$1,765
St. Johns$1,882
Florida Family$1,937
Southern Fidelity$1,955
Tower Hill Select$1,957
Tower Hill Preferred$2,001
Universal$2,073
American Traditions$2,088
First Community$2,111
Auto Club of Florida$2,121
Tower Hill Signature$2,136
Southern Oak$2,164
FedNat$2,231
Castle Key$2,284
Liberty Mutual$2,786
ASI$2,787
State Farm Florida$3,712
Average$1,918.04

Flood Insurance in Gadsden

Considering the median home value in the county, the average homeowners insurance premiums are high. In comparison, several other land-locked counties in the Florida Panhandle with similar housing markets have much cheaper home insurance. 

While being further from the Gulf Coast mitigates the risk of hurricane damage, Gadsden County sits within the flood plains of the Coosa River, putting the homes in the area at high risk for flood damage. This is something that insurance companies take into account when calculating premium quotes. 

If you plan to live in Gadsden County, you’ll need an additional flood insurance policy to complement the coverage in your home insurance policy. Consider getting a policy through First Protective, which is one of the affordable options listed above, who underwrites flood insurance policies at controlled rates via the federal government’s National Flood Insurance Program.  

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