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Home Insurance in Sumter County, FL: Companies & Premiums

Home Insurance in Sumter County, FL: Companies & Premiums

Home Insurance in Sumter County, FL: Companies & Premiums
Home in Wildwood, FL located in Sumter County 📸 via

Sumter County is a landlocked area of Florida that is home to over 130,000 residents as of 2019. Located in central peninsular Florida, Sumter County contains The Villagers Metro Area, which is included in the Orland-Deltona-Daytona Beach Statistical Area and is home to a majority of the county’s residents.

Living in Sumter

Although Sumter County’s most recently available median household income of $55,228 is more than 12.5 percent lower than the national median, the county’s per capita income of $33,629 exceeds the national figure by just over $1,000, or 3 percent. 

Homes in the county value reveal where this discrepancy might come from, as the cost-of-living appears to exceed the income levels; the median home value in Sumter County is $288,626 as of March 2020, according to Zillow, which could mean young professionals are being drawn to a previously cheaper area. The county’s largest cities are Wildwood and Bushell, which respectively have populations of about 7,000 residents and 3,000, representing less than 10 percent of the county’s population.

Home Insurance Premiums in Sumter County

In contrast to the rising home values, home insurance in Sumter County is relatively inexpensive and more in-line with the median household income. In Sumter County, home insurance premiums for homes with $150,000 are about $1,110 and $1,700, respectively for homes with and without mitigation features. 

In states like Florida, homes face frequent exposure to tropical storms during hurricane season each year, a factor that FL home insurance companies take into account when determining the home insurance quotes that they offer to homeowners. 

Older homes with wind mitigation features, which are standard in homes with new construction, help protect the home from unnecessary damage and reduce the need for a claim, which is why homeowners with properties that have wind mitigation often have much lower home insurance premiums.

Average Homeowners Premiums in Sumter County

Construction TypeHome ValueAverage Premium
Overall Average$1,544.89
Pre-2001 (No Wind Mitigation)$150,000$1,668.67
Pre-2001 (With Wind Mitigation)$150,000$1,106.30
New Construction$300,000$1,859.70

The overall average premium for homeowners in this county is $1,545 based on Florida’s Office of Insurance Regulation’s data. Comparison shopping for your home insurance is another effective way to save money on your insurance premium because different companies vary the quotes they’re are willing to offer. Each company has its own formula to determine its insurance quotes, so make sure to thoroughly compare the insurance companies in your area to get the policy that offers the best value.

Listed below, you can see the insurance companies that have had the most affordable average premiums for home insurance in Sumter County in recent years. Based on this data from the Florida state government, homeowners can potentially save between roughly $400 and $800.

For $150,000 homes built before 2001 without wind mitigation, the average premium is $1,669.

  • Tower Hill Prime – $1,144
  • St. Johns – $1,176
  • Southern Fidelity – $1,239
  • Tower Hill Preferred – $1,271

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

CompanyAnnual Premium
Tower Hill Prime$1,144
St. Johns$1,176
Southern Fidelity$1,239
Tower Hill Preferred$1,271
Tower Hill Signature$1,364
First Protective$1,375
Tower Hill Select$1,402
Florida Peninsula$1,488
American Integrity$1,558
People's Trust$1,562
Family Security$1,629
Florida Farm$1,631
Florida Family$1,632
Liberty Mutual$1,732
American Traditions$1,784
First Community$1,828
Security First$2,033
Castle Key$2,365
Auto Club Florida$2,384
Southern Oak$2,474
State Farm Florida$2,852

For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,106.

  • First Protective – $511
  • St. Johns – $673
  • Tower Hill Prime – $743
  • Florida Farm – $752

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

CompanyAnnual Premium
First Protective$511
St. Johns$673
Tower Hill Prime$743
Florida Farm$752
Tower Hill Preferred$867
Tower Hill Signature$918
American Traditions$952
People's Trust$968
Southern Fidelity$968
Tower Hill Select$979
American Integrity$1,064
Florida Peninsula$1,144
Liberty Mutual$1,180
Southern Oak$1,199
Family Security$1,202
Florida Family$1,222
First Community$1,497
Security First$1,507
Auto Club Florida$1,644
Castle Key$1,712
State Farm Florida$2,296

For $300,000 homes with new construction, the average premium is $1,860.

  • First Protective – $1,065
  • Stillwater – $1,974
  • St. Johns – $1,100
  • Southern Oak – $1,364

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

CompanyAnnual Premium
First Protective$1,065
St. Johns$1,100
Southern Oak$1,364
Florida Farm$1,420
Tower Hill Prime$1,435
Tower Hill Preferred$1,541
Tower Hill Select$1,558
American Traditions$1,570
People's Trust$1,590
American Integrity$1,738
Tower Hill Signature$1,740
Family Security$1,858
Florida Peninsula$1,860
Southern Fidelity$1,885
Florida Family$2,147
First Community$2,320
Auto Club Florida$2,393
Liberty Mutual$2,459
Castle Key$2,535
Security First$2,539
State Farm Florida$3,897

Flood Insurance in Sumter County

On top of home insurance, if you plan to live in Sumter County, you’ll also need to purchase a separate flood insurance policy, as standard home insurance doesn’t cover damage due to flooding. Although Sumter is landlocked, the combination of the tropical storms that hit Florida during hurricane season and the flood plains in the county mean homes located there are still at risk for flooding.

Affordable plans for such at-risk areas are made available through the federal National Flood Insurance Program, and regional companies like First Protective underwrite these policies, allowing many people to purchase both their home and flood insurance policies from a single source.

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