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Home Insurance in Hernando County, FL: Companies & Premiums

Home Insurance in Hernando County, FL: Companies & Premiums

Home Insurance in Hernando County, FL: Companies & Premiums
Home in Ridge Manor, FL located in Hernando County 📸 via Zillow

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 TypeHome ValueAverage Premium
Overall Average$3,231.25
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

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

CompanyAnnual Premium
Average$3,393.33
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

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

CompanyAnnual Premium
Average$2,347.59
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

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

CompanyAnnual Premium
Average$3,952.81
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

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.

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