Putnam County is a landlocked area located in northeastern Florida, relatively close to the Atlantic coastline. There are close to 75,000 residents living in Putnam County as of 2019, with many of them living within a multi-county population cluster known as the Palatka Micropolitan Statistical Area, home to just under 73,000 residents.
Living in Putnam
At $35,649, the median household income in Putnam County in 2018 was significantly lower compared to that of the rest of the county (about $61,000). According to Zillow, as of March 2020, the median home value in Putnam County is about $129,000.
Roughly equidistant between many of the largest cities in Florida, including Jacksonville, Gainsville, and Daytona Beach, Putnam County is comprised of moderately sized cities, towns, and unincorporated communities. The county’s largest cities, Palatka, the county seat, and Crescent City, which have about 10,500 and 1,500 residents, respectively.
Home Insurance Premiums in Putnam County
In Putnam County, FL home insurance expenses are considerably lower than costs for home insurance in coastal counties, with premiums at under $1,000 to $1,400 for homes valued at $150,000. And as the chart below demonstrates, homes that have wind mitigation features have policies with lower premium averages.
This is because southeastern regions that go through the annual hurricane season are vulnerable to damage from wind and water, which factors into how home insurance companies calculate the likelihood of a policyholder making a claim on the property. Adding wind mitigation helps to protect your home from substantial damage.
These features are standard in new construction but can be a great addition to older construction to help decrease your annual insurance costs.
Average Homeowners Premiums in Putnam County
| Construction Type | Home Value | Average Premium |
|---|---|---|
| Pre-2001 (No Wind Mitigation) | $150,000 | $1,391.44 |
| Pre-2001 (With Wind Mitigation) | $150,000 | $989.07 |
| New Construction | $300,000 | $1,615.93 |
| Overall Average | $1,332.15 |
You can also save on insurance by thoroughly comparing quotes from insurance companies in your area before choosing a policy. Each insurance company will have its own way of calculating the quote it offers you, which means that the price you see can vary quite a bit, as the upcoming list shows.
The overall average premium for this county is $1,332. Based on historical data from Florida’s Office of Insurance Regulation, homeowners in Putnam County with a home without wind mitigation built before 2001, could potentially save between $400 and $500 by getting a policy quote from companies with the cheapest average premiums in recent years.
For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,391.
Below are cheaper options:
- Citizens – $898
- Tower Hill Prime – $954
- Florida Peninsula – $995
- Stillwater – $1,001
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction Without Wind Mitigation Rate in Putnam County
| Company | Annual Premium |
|---|---|
| Citizens | $898 |
| Tower Hill Prime | $954 |
| Florida Peninsula | $995 |
| Stillwater | $1,001 |
| Universal | $1,008 |
| Southern Fidelity | $1,076 |
| First Protective | $1,104 |
| Florida Farm | $1,144 |
| People's Trust | $1,153 |
| Tower Hill Signature | $1,172 |
| St. Johns | $1,249 |
| Tower Hill Preferred | $1,254 |
| American Integrity | $1,318 |
| American Traditions | $1,387 |
| ASI | $1,442 |
| Florida Family | $1,443 |
| Tower Hill Select | $1,445 |
| Security First | $1,495 |
| First Community | $1,500 |
| FedNat | $1,524 |
| Family Security | $1,552 |
| Liberty Mutual | $1,566 |
| Southern Oak | $1,620 |
| Castle Key | $1,714 |
| Auto Club Florida | $1,842 |
| State Farm Florida | $2,144 |
| Universal | $2,569 |
| Average | $1,391.44 |
For $150,000 homes built before 2001 with wind mitigation, the average premium is $989.
Below are cheaper options:
- First Protective – $575
- Universal – $594
- Florida Farm – $614
- Tower Hill Prime – $643
List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction With Wind Mitigation Rate in Putnam County
| Company | Annual Premium |
|---|---|
| First Protective | $575 |
| Universal | $594 |
| Florida Farm | $614 |
| Tower Hill Prime | $643 |
| Citizens | $647 |
| Stillwater | $683 |
| St. Johns | $722 |
| Florida Peninsula | $781 |
| People's Trust | $802 |
| Southern Fidelity | $846 |
| Tower Hill Preferred | $855 |
| FedNat | $868 |
| Tower Hill Signature | $903 |
| American Traditions | $943 |
| American Integrity | $981 |
| Tower Hill Select | $1,017 |
| Southern Oak | $1,042 |
| Florida Family | $1,056 |
| Liberty Mutual | $1,066 |
| ASI | $1,109 |
| First Community | $1,213 |
| Security First | $1,261 |
| Family Security | $1,270 |
| Auto Club Florida | $1,408 |
| Castle Key | $1,455 |
| Universal | $1,593 |
| State Farm Florida | $1,758 |
| Average | $989.07 |
For $300,000 homes with new construction, the average premium is $1,616.
Below are cheaper options:
- Stillwater – $897
- First Protective – $1,074
- Universal – $1,093
- Farm Bureau – $1,105
List of Companies & Rates for Home Valued at $300,000, New Construction in Putnam County
| Company | Annual Premium |
|---|---|
| Stillwater | $897 |
| First Protective | $1,074 |
| Universal | $1,093 |
| Florida Farm | $1,105 |
| St. Johns | $1,155 |
| People's Trust | $1,198 |
| Tower Hill Prime | $1,229 |
| Florida Peninsula | $1,246 |
| Citizens | $1,284 |
| American Traditions | $1,335 |
| Southern Oak | $1,382 |
| American Integrity | $1,412 |
| Tower Hill Preferred | $1,518 |
| Tower Hill Select | $1,618 |
| Southern Fidelity | $1,642 |
| Tower Hill Signature | $1,653 |
| FedNat | $1,660 |
| Security First | $1,834 |
| Florida Family | $1,847 |
| Family Security | $1,857 |
| First Community | $1,866 |
| ASI | $1,890 |
| Auto Club Florida | $1,950 |
| Castle Key | $2,051 |
| Liberty Mutual | $2,290 |
| Universal | $2,568 |
| State Farm Florida | $2,976 |
| Average | $1,615.93 |
Flood Insurance in Putnam
Although Putnam County is landlocked, because it’s located In Florida, tropical storms can still cause flooding around homes in flood plains each, which can result in costly damage to your home. As a result, you’ll need to purchase a separate flood insurance policy, since standard home insurance won’t cover this kind of water damage.
Regional insurance companies like First Protective offer affordable flood insurance policies as part of the federal government’s National Flood Insurance Program. Getting both your home and flood insurance policies can make managing your plan and payments simpler and cheaper.
