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Home Insurance in Gilchrist County, FL: Companies & Premiums

Home Insurance in Gilchrist County, FL: Companies & Premiums

Home Insurance in Gilchrist County, FL: Companies & Premiums
Crystal clear waters in Blue Springs Park, one of the tourist attractions in the county. 📸: NaturalNorthFlorida.com

Located in close to the Gulf Coast, in North Central Florida, Gilchrist County is a landlocked county made up primarily agricultural land. With a relatively low population of 18,582 residents, as of 2019, Gilchrist County is one of the least densely populated counties in the state.

Living in Gilchrist

According to Zillow.com, in Gilchrist County, the median home value is $146,411 as of March 2020, and the median household income of $42,357, which is roughly two-thirds of the national median. With a significant portion of the county is taken up by farmland and protected parks, Gilchrist County, one of the smallest by land area in Florida, is made up of few densely populated areas.

The two cities in the county are Trenton, and Fanning Spring, which spans across the border into Levy County. Trenton is by far the large of the two, and the city’s over 2,000 residents represent about 11 percent of the county’s population. One of Gilchrist County’s biggest draws for both residents and tourists are its many natural springs, which have earned it the title of “Springs Captial of the World.”

Home Insurance Premiums in Gilchrist County

Homes in Gilchrist County have average home insurance premiums that are low to moderately priced for the state of Florida. However, premium costs can vary between different types of properties, and as you can see in the chart below, having homes with protective wind mitigation features can significantly reduce the cost of your insurance policy.

Average Homeowners Premiums in Gilchrist County

Construction TypeHome ValueAverage Premium
Overall Average$1649.38
Pre-2001 (No Wind Mitigation)$150,000$1722.85
Pre-2001 (With Wind Mitigation)$150,000$1227.81
New Construction$300,000$1997.48

According to the data below, provided by Florida’s Office of Insurance Regulation, the overall average premium for homeowners insurance in this county is $1649. One thing that many homeowners don’t realize is just home much shopping around for quotes on a home insurance policy in Florida can save them on their policy premiums. While you might be under impression that comparison shopping is a waste of time and all policies are created equal, the data below will convince you otherwise.

If you’re looking to own a home in Gilchrist County, doing just “average” when it comes to finding a policy could mean you would pay as much as double the lowest average policies among locally operating insurance companies.

For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,723.

For below-average rates, check out the companies below:

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

Company NameAnnual Premium
Average$1,722.85
Tower Hill Prime$1048
Citizens$1,080
Universal$1,103
First Protective$1,146
Southern Fidelity$1,241
Tower Hill Preferred$1,256
Florida Peninsula$1,269
Florida Farm$1,348
People's Trust$1,377
Tower Hill Select$1,424
Tower Hill Signature$1,505
Security First$1,524
Stillwater$1,599
Liberty Mutual$1,708
First Community$1,767
St. Johns$1,803
American Integrity$1,829
American Traditions$1,855
Florida Family$1,873
Castle Key$1,874
Southern Oak$1,876
Family Security$2,136
ASI$2,248
FedNat$2,300
Auto Club Florida$2,508
Universal$2,906
State Farm Florida$2,914

For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,228.

For below-average rates, check out the companies below:

  • Universal – $648
  • First Protective – $689
  • Tower Hill Prime – $716
  • Florida Farm – $786

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

Company NameAnnual Premium
Average$1,227.81
Universal$648
First Protective$689
Tower Hill Prime$716
Florida Farm$786
Citizens$813
Tower Hill Preferred$869
Southern Fidelity$976
Tower Hill Select$978
Florida Peninsula$992
St. Johns$1,034
People's Trust$1,043
Stillwater$1,107
Liberty Mutual$1,134
Southern Oak$1,183
FedNat$1,189
Tower Hill Signature$1,229
Security First$1,319
American Traditions$1,351
First Community$1,360
Florida Family$1,363
American Integrity$1,391
Castle Key$1,598
Family Security$1,599
ASI$1,722
Universal$1,738
Auto Club Florida$1,861
State Farm Florida$2,463

For $300,000 homes with new construction, the average premium is $1,723.

For below-average rates, check out the companies below:

  • Universal – $1,195
  • First Protective – $1,244
  • Florida Farm – $1,331
  • Tower Hill Prime – $1,369

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

Company NameAnnual Premium
Average$1,997.48
Universal$1,195
First Protective$1,244
Florida Farm$1,331
Tower Hill Prime$1,369
Stillwater$1,428
People's Trust$1,484
Tower Hill Preferred$1,541
Southern Oak$1,548
Tower Hill Select$1,564
Florida Peninsula$1,589
Citizens$1,593
St. Johns$1,652
American Traditions$1,857
Security First$1,898
Southern Fidelity$1,898
American Integrity$1,988
First Community$2,135
Tower Hill Signature$2,214
Castle Key$2,305
FedNat$2,363
Florida Family$2,389
Liberty Mutual$2,390
Family Security$2,438
Auto Club Florida$2,615
Universal$2,841
ASI$2,914
State Farm Florida$4,149

Flood Insurance in Gilchrist

In addition to your standard home insurance policy, if you want to live in Gilchrist County, you’ll need to purchase a separate flood insurance policy as well. Dealing with flooding is a reality of living in a southern state like Florida, even in a landlocked area like Gilchrist County. As homeowners insurance won’t cover damage from flooding, it’s important you protect your home with standalone flood insurance.

Due to proximity to the Suwannee River, several areas in Gilchrist County are high-risk. Each year, FEMA rates which regions of the country are vulnerable to flooding, and based on those ratings, resident homeowners are eligible for government price-controlled flood insurance policies through the National Flood Insurance Program, through local companies like First Protective.

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