Madison County is located along the center of the George-Florida border and is among the Floridian counties with the least residents. This primarily rural county had only 18,474 residents in 2018, which is almost 1,000 fewer residents than it had during the 2010 US census.
Population Centers in Madison
Most of the county’s residents live in the city of Madison, the county seat, which has a population of close to 12,000 residents. The majority of the remaining residents live in Greenville, Lee, or Pinetta, which have about 4,200, 2,300, and 1,400 residents, respectively.
All four are located in the northern half of the county, which sees more economic activity due to the numerous interstate highways in the area. The southern half of Madison County primarily consists of farmland, where residents and homes are few and far between.
Home Values in Madison
The median home value in Madison County is $112,976, which matches up with the county’s median household income of $35,929, which is about 33 percent lower compared to the national median. Additionally, mobile homes make up a significant portion of the residential properties in the county, at 41 percent, almost five times the rate in Florida and almost seven times the rate in the U.S. overall.
Home Insurance Premiums in Madison County
Despite the relatively low medians for both home value and household income, Madison County’s average premiums are somewhat higher than those in neighboring counties with similar metrics.
If you’re interested in purchasing a home in Madison County, make sure that you either purchase a home with wind mitigation or add it to your home because that can bring down the cost of your premium, as the chart here, which shows data from Florida’s Office of Insurance Regulation, can demonstrate. It is also revealed that Madison County has an overall average premium of $1,547.
Average Homeowners Premiums in Madison County
| Construction Type | Home Value | Average Premium |
|---|---|---|
| Pre-2001 (No Wind Mitigation) | $150,000 | $1,573.78 |
| Pre-2001 (With Wind Mitigation) | $150,000 | $1,176.70 |
| New Construction | $300,000 | $1,889,96 |
| Overall Average | $1,546.81 |
In addition to using wind mitigation features to drive down the cost of your home insurance policy in FL, be sure to thoroughly comparison shop when looking for a policy instead of settling for the first quote or two. Insurance companies can differ enormously in how high or low or a premium they’re willing to offer you, and some can provide you with quote hundreds of dollars below the competition.
Here are the companies that had the lowest average home insurance premiums in Madison County in recent years.
For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,574.
The listed insurers offer below-average rates in the county:
- Universal – $1,000
- Citizens – $1,1082
- First Protective – $1,084
- Stillwater – $1,105
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction Without Wind Mitigation Rate in Madison County
| Company | Annual Premium |
|---|---|
| Universal | $1,000 |
| Citizens | $1,082 |
| First Protective | $1,084 |
| Stillwater | $1,105 |
| Florida Peninsula | $1,124 |
| Security First | $1,144 |
| Southern Fidelity | $1,198 |
| Florida Farm Bureau | $1,219 |
| Tower Hill Prime | $1,260 |
| Florida Family | $1,385 |
| People's Trust | $1,446 |
| Family Security | $1,477 |
| ASI | $1,481 |
| First Community | $1,543 |
| American Integrity | $1,583 |
| American Traditions | $1,617 |
| Tower Hill Preferred | $1,626 |
| Tower Hill Select | $1,665 |
| Tower Hill Signature | $1,726 |
| Southern Oak | $1,757 |
| Liberty Mutual | $1,813 |
| St. Johns | $1,815 |
| Castle Key | $2,056 |
| FedNat | $2,148 |
| Auto Club of Florida | $2,228 |
| Universal | $2,336 |
| State Farm Florida | $2,574 |
| Average | $1,573.78 |
For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,177.
The listed insurers offer below-average rates in the county:
- Universal – $588
- Florida Farm – $663
- Florida Peninsula – $887
- Tower Hill Prime – $904
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction With Wind Mitigation Rate in Madison County
| Company | Annual Premium |
|---|---|
| Universal | $588 |
| Florida Farm Bureau | $663 |
| First Protective | $780 |
| Citizens | $852 |
| Stillwater | $863 |
| Florida Peninsula | $887 |
| Tower Hill Prime | $904 |
| Southern Fidelity | $945 |
| Florida Family | $1,012 |
| Security First | $1,055 |
| St. Johns | $1,059 |
| Tower Hill Preferred | $1,119 |
| People's Trust | $1,125 |
| Tower Hill Select | $1,169 |
| Southern Oak | $1,190 |
| FedNat | $1,190 |
| Family Security | $1,198 |
| American Traditions | $1,250 |
| ASI | $1,259 |
| First Community | $1,274 |
| Universal | $1,307 |
| American Integrity | $1,318 |
| Liberty Mutual | $1,372 |
| Tower Hill Signature | $1,489 |
| Castle Key | $1,741 |
| Auto Club of Florida | $1,951 |
| State Farm Florida | $2,211 |
| Average | $1,176.70 |
For $300,000 homes with new construction, the average premium is $1,890.
The listed insurers offer below-average rates in the county:
- Universal – $1,085
- Stillwater – $1,098
- Security First – $1,334
- People’s Trust – $1,588
List of Companies & Rates for Home Valued at $300,000, New Construction in Madison County
| Company | Annual Premium |
|---|---|
| Universal | $1,085 |
| Stillwater | $1,098 |
| Florida Farm Bureau | $1,134 |
| Security First | $1,334 |
| First Protective | $1,354 |
| Florida Peninsula | $1,418 |
| People's Trust | $1,588 |
| Southern Oak | $1,603 |
| Citizens | $1,647 |
| American Traditions | $1,683 |
| St. Johns | $1,687 |
| Family Security | $1,715 |
| Tower Hill Prime | $1,719 |
| Florida Family | $1,768 |
| American Integrity | $1,823 |
| Southern Fidelity | $1,836 |
| Tower Hill Select | $1,865 |
| First Community | $1,942 |
| Tower Hill Preferred | $1,991 |
| ASI | $2,036 |
| Universal | $2,190 |
| FedNat | $2,306 |
| Castle Key | $2,520 |
| Auto Club of Florida | $2,540 |
| Tower Hill Signature | $2,649 |
| Liberty Mutual | $2,786 |
| State Farm Florida | $3,712 |
| Average | $1,889.96 |
Flood Insurance in Madison
Finally, you’ll also need to make sure you get the right flood coverage for your home, as even landlocked counties in Florida are at risk for flood damage from tropical storms. First Protective is one of the regional companies operating in Madison County that underwrites flood insurance policies from the federal government.
These policies are part of the National Flood Insurance Program, which allows homeowners in high-risk areas for flooding access to affordable policies that financially protect you from the damage flooding can do to your home that your standard homeowners policy won’t cover.
