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.
Table of Contents
- 1 Living in Sumter
- 2 Home Insurance Premiums in Sumter County
- 3 Average Homeowners Premiums in Sumter County
- 4 List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction Without Wind Mitigation Rate in Sumter County
- 5 List of Companies & Rates for Home Valued at $150,000, Pre-2001 Construction With Wind Mitigation Rate in Sumter County
- 6 List of Companies & Rates for Home Valued at $300,000, New Construction in Sumter County
- 7 Flood Insurance in Sumter County
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 Type||Home Value||Average Premium|
|Pre-2001 (No Wind Mitigation)||$150,000||$1,668.67|
|Pre-2001 (With Wind Mitigation)||$150,000||$1,106.30|
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
|Tower Hill Prime||$1,144|
|Tower Hill Preferred||$1,271|
|Tower Hill Signature||$1,364|
|Tower Hill Select||$1,402|
|Auto Club Florida||$2,384|
|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
|Tower Hill Prime||$743|
|Tower Hill Preferred||$867|
|Tower Hill Signature||$918|
|Tower Hill Select||$979|
|Auto Club Florida||$1,644|
|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
|Tower Hill Prime||$1,435|
|Tower Hill Preferred||$1,541|
|Tower Hill Select||$1,558|
|Tower Hill Signature||$1,740|
|Auto Club Florida||$2,393|
|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.