Within over 365,000 residents in 2019, Marion County is one of the most populous counties in the state of Florida. The county is just north of the close to the center of peninsular Florida and is made up of the Ocala Metropolitan Area, which crosses over the border of 3 neighboring counties and has a population of about 355,000 people.
Living in Marion
Marion County’s median household income is $43,361 as of 2018, which sits about 30 percent below the national median. Additionally, according to data from Zillow, Marion County homes have a median value of $170,442 as of March 2020.
The largest cities in the county are Ocala, Belleview, and Dunnellon, which have about 60,000, 5,000, and 1,700 residents, respectively. Outside of its cities, Marion County has numerous unincorporated communities where much of the county’s rather evenly dispersed residents live.
The county also is home to the Ocala National Forest, the second-largest national protected area in the state, which offers campground and RV camping, cabin rentals, hiking trails, and natural pools and canoeing spots that people enjoy year-round.
Home Insurance Premiums in Marion County
In Marion County, premiums for your home insurance policy FL have an average of about $1,100 or $1,600, depending on whether or not your home has wind mitigation. As the chart below shows, home with wind mitigation features will bring you significant savings each year, as insurance companies see this as a way to decrease the likelihood of damage, and therefore a claim.
Living in Florida means that your home will be vulnerable to damage during hurricane season each year, a reality that homeowners have to deal with. This is something that home insurance companies take into account when assessing the likelihood of you making a claim, which is why adding wind mitigation to an older home can bring down the cost of your home insurance premium.
Average Homeowners Premiums in Marion County
Construction Type | Home Value | Average Premium |
---|---|---|
Pre-2001 (No Wind Mitigation) | $150,000 | $1,604.70 |
Pre-2001 (With Wind Mitigation) | $150,000 | $1,140.78 |
New Construction | $300,000 | $1,898.04 |
Overall Average | $1,547.84 |
The overall average premium for homeowners in this county was calculated to be $1,548 based on the data provided by Florida’s Office of Insurance Regulation. Bringing down the cost of your home insurance doesn’t have to require expensive additions, as you can also save money on your insurance policy by thoroughly shopping around. Every insurance company arrives at the quote they offer you in various ways, and as the list below shows, that can mean insurance companies’ average premiums can vary greatly.
Based on the average premium costs for home insurance at the most affordable companies in Marion County, homeowners with a pre-2001 home with wind mitigation, purchasing a policy with First Protective, on average, had savings of around $550 compared to the county average.
For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,605.
Check out cheaper options below:
- First Protective – $1,098
- Tower Hill Prime – $1,151
- Southern Fidelity – $1,234
- American Integrity – $1,247
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction Without Wind Mitigation Rate in Marion County
Company | Annual Premium |
---|---|
First Protective | $1,098 |
Tower Hill Prime | $1,151 |
Southern Fidelity | $1,234 |
American Integrity | $1,247 |
Citizens | $1,267 |
Tower Hill Signature | $1,306 |
Stillwater | $1,328 |
Tower Hill Preferred | $1,365 |
St. Johns | $1,376 |
Florida Peninsula | $1,386 |
People's Trust | $1,405 |
Universal | $1,416 |
Universal | $1,435 |
Tower Hill Select | $1,480 |
American Traditions | $1,514 |
First Community | $1,570 |
Florida Farm | $1,626 |
Florida Family | $1,651 |
Liberty Mutual | $1,732 |
FedNat | $1,743 |
Security First | $1,784 |
Family Security | $1,824 |
ASI | $1,847 |
Castle Key | $2,105 |
Southern Oak | $2,217 |
Auto Club Florida | $2,368 |
State Farm Florida | $2,852 |
Average | $1,604.70 |
For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,141.
Check out cheaper options below:
- First Protective – $574
- Universal – $831
- Tower Hill Prime – $842
- Citizens – $853
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction With Wind Mitigation Rate in Marion County
Company | Annual Premium |
---|---|
First Protective | $574 |
Universal | $831 |
Tower Hill Prime | $842 |
Citizens | $853 |
Universal | $874 |
American Integrity | $875 |
St. Johns | $885 |
Stillwater | $926 |
American Traditions | $932 |
Tower Hill Signature | $944 |
Florida Farm | $945 |
People's Trust | $952 |
Southern Fidelity | $965 |
Tower Hill Preferred | $999 |
Tower Hill Select | $1,076 |
Florida Peninsula | $1,112 |
Liberty Mutual | $1,180 |
FedNat | $1,195 |
Florida Family | $1,229 |
Southern Oak | $1,277 |
First Community | $1,278 |
ASI | $1,429 |
Security First | $1,446 |
Family Security | $1,501 |
Castle Key | $1,647 |
Auto Club Florida | $1,738 |
State Farm Florida | $2,296 |
Average | $1,140.78 |
For $300,000 homes with new construction, the average premium is $1,898.
Check out cheaper options below:
- First Protective – $1,088
- Stillwater – $1,221
- American Integrity – $1,402
- American Traditions – $1,221
List of Companies & Rates for Home Valued at $300,000, New Construction in Marion County
Company | Annual Premium |
---|---|
First Protective | $1,088 |
Stillwater | $1,221 |
American Integrity | $1,402 |
American Traditions | $1,433 |
St. Johns | $1,449 |
Universal | $1,456 |
People's Trust | $1,487 |
Universal | $1,554 |
Tower Hill Prime | $1,600 |
Southern Oak | $1,665 |
Florida Farm | $1,690 |
Tower Hill Select | $1,704 |
Citizens | $1,709 |
Tower Hill Signature | $1,747 |
Tower Hill Preferred | $1,762 |
Florida Peninsula | $1,804 |
Southern Fidelity | $1,878 |
First Community | $2,021 |
FedNat | $2,151 |
Florida Family | $2,164 |
Security First | $2,240 |
Family Security | $2,346 |
Castle Key | $2,406 |
Auto Club Florida | $2,454 |
Liberty Mutual | $2,459 |
ASI | $2,460 |
State Farm Florida | $3,897 |
Average | $1,898.04 |
Flood Insurance in Marion
Despite Marion County’s landlocked location, homes within its borders are still likely to suffer damage from flooding during hurricane season, especially if located within flood plains of the rivers and other bodies of water in the county. The southeastern states, face expensive damage from flooding every year that causes millions of dollars in insurance claims, which is why standard home insurance doesn’t cover damage from flooding.
If you plan on living and owning a home in Marion County, purchasing a separate flood insurance policy in addition to your homeowners insurance is a must. Fortunately, you can get an affordable policy through local insurance companies like First Protective, which will underwrite policies from the federal government’s National Flood Insurance Program