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Home Insurance in Holmes County, FL: Companies & Premiums

Home Insurance in Holmes County, FL: Companies & Premiums

Home Insurance in Holmes County, FL: Companies & Premiums
A home in Bonifay, the county seat, is among Holmes County’s largest cities. Source: Floridashowcaserealty.com

Located in the northern end of the Florida Panhandle, Holmes County is a fairly small municipality that sits directly on the Alabama border. As of 2019, this land-locked county has as few as 19,927 residents and a median household income of $38,608, which is close to 50% lower than the national median household income.

Population Centers in Holmes

Bonifay, the county seat, is among Holmes County’s largest cities, which also include Ponce De Leon and Westville. All three of these cities are located within the southern half of the county, on the border shared with Washington County.

Bonifay is home to the Tri-County Airport, a single-runway public-use airport located on the northern end of the city’s business district. Ponce De Leon features its Springs State Park. All three cities only have a few hundred residents each.

Home Values in Holmes

According to the US Census, Holmes County’s median owner-occupied homes value, from 2014 – 2018, is $93,200, which is fairly inexpensive for Florida overall and for the Florida Panhandle, specifically. The lower property values, as well as the landlocked county’s insulation from the strongest impacts of hurricane season, mean that home insurance premiums are significantly lower in Holmes County on average relative to averages in the rest of the state.

Home Insurance Premiums in Holmes County

Home insurance premiums in Holmes County are fairly low compared to the costs in surrounding counties for two reasons:

  1. The low home values in the county and
  2. The moderate protection that the county’s landlocked state offers it from hurricane damage.

Unlike several other counties in Florida, homes in Holmes County with no wind mitigation don’t have the higher average premiums compared to new construction, but that doesn’t mean those features don’t still offer savings in similarly aged homes, as you can see in the following table.

Average Homeowners Premiums in Holmes County

Construction TypeHome ValueAverage Premium
Overall Average$1,711.38
Pre-2001 (No Wind Mitigation)$150,000$1,775.96
Pre-2001 (With Wind Mitigation)$150,000$1,282.56
New Construction$300,000$2,075.63

The data above provided an overall homeowners insurance average of $1,711 in Holmes. These figures came from Florida’s Office of Insurance Regulation. Regardless of how relatively inexpensive the premiums may be in Holmes County, it’s still important to get whatever saving you can no matter where you live. You can make sure you’re getting the best price by starting your comparison shopping with the companies listed below, which have had the lower than average home insurance premiums in recent years.

For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,776.

Below are cheaper home insurance options:

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

CompanyAnnual Premium
Average$1,775.96
Citizens$829
Universal$1,040
Florida Peninsula$1,228
First Protective$1,255
Security First$1,330
Southern Fidelity$1,377
Stillwater$1,410
Tower Hill Signature$1,473
Tower Hill Prime$1,486
Family Security$1,505
Florida Farm Bureau$1,583
American Integrity$1,629
First Community$1,665
People's Trust$1,733
Liberty Mutual$1,813
Tower Hill Preferred$1,836
Castle Key$1,918
Tower Hill Select$1,959
American Traditions$1,998
ASI$2,087
FedNat$2,109
St. Johns$2,132
Southern Oak$2,296
Auto Club of Florida$2,350
State Farm Florida$2,574
Florida Family$2,580
Universal$2,756

For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,283.

Below are cheaper home insurance options:

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

CompanyAnnual Premium
Average$1,282.56
Universal$612
Citizens$619
First Protective$773
Florida Farm Bureau$862
Florida Peninsula$968
Tower Hill Prime$1,000
Stillwater$1,067
Southern Fidelity$1,078
Security First$1,112
FedNat$1,143
Tower Hill Signature$1,186
People's Trust$1,209
Tower Hill Preferred$1,223
American Integrity$1,243
Family Security$1,250
Tower Hill Select$1,298
First Community$1,309
Liberty Mutual$1,372
St. Johns$1,496
Universal$1,534
American Traditions$1,565
Castle Key$1,575
Southern Oak$1,629
Auto Club of Florida$1,650
ASI$1,768
Florida Family$1,877
State Farm Florida$2,211

For $300,000 Homes with new construction, the average premium is $2,076.

Below are cheaper home insurance options:

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

CompanyAnnual Premium
Average$2,075.63
Universal$1,128
Citizens$1,222
Stillwater$1,362
First Protective$1,388
Florida Farm Bureau$1,516
Florida Peninsula$1,548
Security First$1,564
Family Security$1,740
American Integrity$1,765
People's Trust$1,793
Tower Hill Prime$1,888
First Community$2,038
Tower Hill Select$2,045
American Traditions$2,088
Southern Fidelity$2,100
Tower Hill Signature$2,136
Tower Hill Preferred$2,143
Southern Oak$2,183
FedNat$2,231
Castle Key$2,284
St. Johns$2,312
Auto Club of Florida$2,381
Universal$2,577
Liberty Mutual$2,786
ASI$2,811
Florida Family$3,301
State Farm Florida$3,712

Flood Insurance in Holmes County

While homes in Holmes County might not have an equal level of risk of hurricane and flooding damage compared to counties closer to the Gulf of Mexico, that doesn’t mean that you should forgo flood insurance, which will need to be purchased separately from your home insurance in Florida.

The federal National Flood Insurance Policy has affordably priced flood insurance policies underwritten by First Protective for Holmes County residents, and you’ll need to purchase such a policy to make sure your home is financially protected each hurricane season.

It can be helpful to purchase both your standard home insurance policy and your flood insurance policy from the same company, which can streamline your premium payments each month or year and can also result in discounted rates. That’s likely why First Protective frequently offers some of the most affordable policies in Holmes County.

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