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Home Insurance in Levy County, FL: Companies & Premiums

Home Insurance in Levy County, FL: Companies & Premiums

Home Insurance in Levy County, FL: Companies & Premiums
Farmhouse in Levy County

Sitting along the Gulf coastline of peninsular Florida, Levy County is a moderately populated county that’s residents are relatively dispersed. As of 2019, Levy County has a population of 41,503 residents according to the US Census Bureau. The majority of land in the county is rural and sparsely populated.

Living in Levy

In Levy County, the median value of homes in Levy County is $140,193 as of March 2020, and the county’s median household income is $37,634 as of 2018, which is 40 percent lower than the median income of the United States. Levy County residents are primarily split between a mix of relatively small incorporated communities, census-designated places, and rural, farming communities.

Most of the suburban communities’ populations in Levy County range between 1,000 and 3,000 residents. Among the natural ecological features in the area, the county has wetlands, bays, inlets, and rivers, as well as numerous federal and state parks. Among the largest protected areas in the county are the Waccasassa Bay Preserve State Park and the Lower Suwannee National Wildlife Refuge.

Home Insurance Premiums in Levy County

Because of Levy County’s vulnerability to tropical storms coming off the Gulf of Mexico, homes in the county have higher premiums for home insurance when compared to other regions of the state. As you can see in the table below, having wind mitigation features that help protect your home from damage during hurricane season encourages insurance companies to offer lower premiums.

Average Homeowners Premiums in Levy County

Construction TypeHome ValueAverage Premium
Overall Average$1693.06
Pre-2001 (No Wind Mitigation)$150,000$1923.37
Pre-2001 (With Wind Mitigation)$150,000$1175.07
New Construction$300,000$1980.74

From Florida’s Office of Insurance Regulation data above, we calculated the overall average in the county for home insurance to be $1,693. As high as insurance premiums are in Levy County, you’ll want to be sure you’re doing all you can to save money. While having a home with wind mitigation can help lower the cost of your policy, you can save even more on what you pay each year by comparison shopping between the insurance companies offering policies in the area.

Remember, each insurance company will have its own method for calculating customers’ quotes. To help start your search for an affordable policy, here are the companies that have had the lowest average policy premiums in recent years. As you can see, their averages are nearly 50 percent lower than the county’s averages.

For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,923.

To get the best options, check out this list:

  • Stillwater – $1,215
  • St. Johns – $1,355
  • Tower Hill Preferred – $1,474
  • First Community – $1,475

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

Company NameAnnual Premium
Average$1,923.37
Stillwater$1,215
St. Johns$1,355
Tower Hill Preferred$1,474
First Community$1,475
Tower Hill Prime$1,494
Tower Hill Select$1,494
Tower Hill Signature$1,499
Southern Fidelity$1,542
First Protective$1,566
Security First$1,632
Citizens$1,704
People's Trust$1,761
FedNat$1,761
Florida Family$1,793
Florida Farm$1,931
Universal$1,933
American Traditions$1,975
Florida Peninsula$2,019
American Integrity$2,024
Universal$2,133
Family Security$2,186
Castle Key$2,297
ASI$2,324
Southern Oak$2,483
Liberty Mutual$2,731
State Farm Florida$2,970
Auto Club Florida$3,160

For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,175.

To get the best options, check out this list:

  • First Protective – $653
  • St. Johns – $757
  • Stillwater – $806
  • Tower Hill Select – $823

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

Company NameAnnual Premium
Average$1,175.07
First Protective$653
St. Johns$757
Stillwater$806
Tower Hill Select$823
Universal$863
Florida Farm$864
Tower Hill Preferred$874
FedNat$923
Tower Hill Prime$932
Citizens$1,030
Florida Family$1,048
Tower Hill Signature$1,063
Universal$1,064
First Community$1,065
People's Trust$1,067
Southern Fidelity$1,098
American Integrity$1,144
American Traditions$1,214
Florida Peninsula$1,252
Liberty Mutual$1,318
Southern Oak$1,359
Security First$1,362
Family Security$1,547
ASI$1,578
Castle Key$1,671
Auto Club Florida$1,985
State Farm Florida$2,367

For $300,000 homes with new construction, the average premium is $1,980.

To get the best options, check out this list:

  • Stillwater – $1,040
  • St. Johns – $1,220
  • Tower Hill Select – $1,282
  • First Protective – $1,306

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

Company NameAnnual Premium
Average$1980.74
Stillwater$1,040
St. Johns$1,220
Tower Hill Select$1,282
First Protective$1,306
Tower Hill Preferred$1,513
Florida Farm$1,563
Southern Oak$1,678
Universal$1,687
People's Trust$1,712
First Community$1,730
Tower Hill Prime$1,739
American Traditions$1,815
FedNat$1,823
Universal$1,866
American Integrity$1,896
Florida Family$1,909
Tower Hill Signature$1,952
Security First$2,046
Citizens$2,085
Florida Peninsula$2,103
Southern Fidelity$2,169
Family Security$2,367
Castle Key$2,432
ASI$2,647
Liberty Mutual$2,907
Auto Club Florida$2,944
State Farm Florida$4,049

Flood Insurance in Levy

With its coastal location, Levy County is highly vulnerable to the hurricanes and other tropical storms that hit Florida and the rest of the Gulf Coast each year. This means that homeowners in the area have additional responsibilities when planning how to protect their properties financially.

Standard home insurance in FL won’t cover damage due to flooding, which is a major concern in Levy County. If you plan to own a home there, you’ll need to purchase a separate flood insurance policy, which, fortunately, can be found for affordable rates through the federal government’s National Flood Insurance Program. NFIP’s price-controlled policies are offered through regional companies like First Protective.

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