Located midway down peninsular Florida’s gulf coastline, is “known as Florida’s Adventure Coast,” and it offers visitors a variety of cultural and natural attractions throughout its various communities. Hernando County has a decently sized population, with an estimated 193,920 residents as of 2019 according to the US Census Bureau.
Living in Hernando
In Hernando County, the median household income sits at $46,030 as of 2018 which means the county median is about 25 percent lower than the national median. According to Zillow, the median value of homes in the county is close to $186,000 as of March 2020.
Hernando County residents primarily live in its numerous unincorporated communities, and its largest cities, Brooksville and Ridge Manor have just 8,300 and 41,00 residents, respectively, which represents only about 6 percent of the county’s population.
The county’s only other city, Weeki Wachee has consistently had only 12 residents from 2000 to 2018 and is home to both the Weeki Wachee Presence and the Week Wachee Spring parked, which are major attractions for tourists each year.
Home Insurance Premiums in Hernando County
For homeowners living in Hernando County, home insurance premiums quite obviously don’t seem to match the general profile of the cost-of-living based on the income levels and home values. As shown in the table below, the average premium for home insurance policies ranges from $2,335 for $150,000 homes with wind mitigation to nearly $4,000 for $3,000, for newly constructed homes.
For homes worth $150,000, homes that lack wind mitigation features have premiums that are over $1,000 more expensive, which makes adding these protective features an excellent investment for protecting your home and reducing your insurance expenses.
Average Homeowners Premiums in Hernando County
Construction Type | Home Value | Average Premium |
---|---|---|
Pre-2001 (No Wind Mitigation) | $150,000 | $3,393.33 |
Pre-2001 (With Wind Mitigation) | $150,000 | $2,347.59 |
New Construction | $300,000 | $3,952.81 |
Overall Average | $3,231.25 |
Considering the astronomical prices of home insurance in Hernando County, if you plan to purchase a home in the county, you’ll want to do all you can to reduce the price. Based on the average listed above, you might be surprised to realize that affordable policies aren’t impossible to find.
According to the numbers from Florida’s Office of Insurance Regulation, the overall average premium for homeowners in this county is $3,231. Thoroughly comparison shopping between insurance companies that are operating in the area will be your best bet for finding reasonably priced home insurance in Florida. As shown in the list below, companies with the lowest average premiums in recent years, offer competitive insurance prices that are thousands of dollars cheaper compared to the county average.
For $150,000 homes built before 2001 without wind mitigation, the average premium is $3,393.
Listed are insurers offering below-average rates:
- FedNat – $1,276
- Tower Hill Prime – $1,837
- First Community – $1,850
- Stillwater – $1,923
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction Without Wind Mitigation Rate in Hernando County
Company | Annual Premium |
---|---|
FedNat | $1,276 |
Tower Hill Prime | $1,837 |
First Community | $1,850 |
Stillwater | $1,923 |
First Protective | $2,089 |
Universal | $2,223 |
Tower Hill Signature | $2,310 |
American Traditions | $2,444 |
St. Johns | $2,459 |
Tower Hill Preferred | $2,519 |
Security First | $2,519 |
Florida Farm | $2,584 |
People's Trust | $2,666 |
Liberty Mutual | $2,731 |
Family Security | $2,747 |
Tower Hill Select | $2,758 |
Florida Peninsula | $2,836 |
American Integrity | $2,885 |
Citizens | $3,019 |
Castle Key | $3,190 |
Southern Fidelity | $3,395 |
ASI | $3,448 |
Southern Oak | $3,784 |
Universal | $4,385 |
Florida Family | $4,798 |
Auto Club Florida | $8,831 |
State Farm Florida | $14,114 |
Average | $3,393.33 |
For $150,000 homes built before 2001 with wind mitigation, the average premium is $2,348.
Listed are insurers offering below-average rates:
- FedNat – $668
- First Protective – $872
- Universal – $979
- Tower Hill Prime – $1,152
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction With Wind Mitigation Rate in Hernando County
Company | Annual Premium |
---|---|
FedNat | $668 |
First Protective | $872 |
Universal | $979 |
Tower Hill Prime | $1,152 |
First Community | $1,274 |
St. Johns | $1,306 |
Liberty Mutual | $1,318 |
Florida Farm | $1,454 |
People's Trust | $1,463 |
Stillwater | $1,466 |
American Traditions | $1,535 |
Castle Key | $1,594 |
Tower Hill Preferred | $1,621 |
Tower Hill Signature | $1,645 |
Tower Hill Select | $1,647 |
Florida Peninsula | $1,797 |
Security First | $1,914 |
Citizens | $1,949 |
American Integrity | $1,984 |
Southern Oak | $2,100 |
Family Security | $2,201 |
Universal | $2,279 |
Southern Fidelity | $2,342 |
ASI | $2,688 |
Florida Family | $3,915 |
Auto Club Florida | $7,596 |
State Farm Florida | $12,626 |
Average | $2,347.59 |
For $300,000 homes with new construction, the average premium is $3,953.
Listed are insurers offering below-average rates:
- FedNat – $1,316
- First Protective – $1,777
- Stillwater – $1,839
- Universal – $1,948
List of Companies & Rates for Home Valued at $300,000, New Construction in Hernando County
Company | Annual Premium |
---|---|
FedNat | $1,316 |
First Protective | $1,777 |
Stillwater | $1,839 |
Universal | $1,948 |
Tower Hill Prime | $2,156 |
First Community | $2,190 |
St. Johns | $2,193 |
American Traditions | $2,411 |
Florida Farm | $2,465 |
Tower Hill Select | $2,562 |
People's Trust | $2,596 |
Castle Key | $2,616 |
Southern Oak | $2,799 |
Tower Hill Preferred | $2,809 |
Liberty Mutual | $2,907 |
Florida Peninsula | $3,048 |
Tower Hill Signature | $3,069 |
Security First | $3,272 |
Family Security | $3,514 |
American Integrity | $3,553 |
Universal | $4,069 |
Citizens | $4,149 |
ASI | $4,612 |
Southern Fidelity | $4,673 |
Florida Family | $7,242 |
Auto Club Florida | $9,847 |
State Farm Florida | $21,094 |
Average | $3,952.81 |
Flood Insurance in Hernando
Although the price of home insurance in the county can be quite steep, homeowners will still need to purchase separate flood insurance to properly protect their home from flooding damage during hurricane season, which is usually a named exclusion on standard home insurance policies.
Through regional companies that operate in the county, such as First Protective and FedNat, you can obtain an affordable, price-controlled flood insurance policy through the federal government’s National Flood Insurance Program.