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 Type | Home Value | Average Premium |
|---|---|---|
| Pre-2001 (No Wind Mitigation) | $150,000 | $1923.37 |
| Pre-2001 (With Wind Mitigation) | $150,000 | $1175.07 |
| New Construction | $300,000 | $1980.74 |
| Overall Average | $1693.06 |
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 Name | Annual Premium |
|---|---|
| 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 |
| Average | $1,923.37 |
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 Name | Annual Premium |
|---|---|
| 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 |
| Average | $1,175.07 |
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 Name | Annual Premium |
|---|---|
| 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 |
| Average | $1980.74 |
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.
