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Home Insurance in Walton County, FL: Companies & Premiums

Home Insurance in Walton County, FL: Companies & Premiums

Home Insurance in Walton County, FL: Companies & Premiums
Beachfront homes in Miramar Beach located in Walton County. Source: Vrbo

Walton County is located on the western end of the Florida Panhandle. As the county spans the north to south borders of the panhandle, it offers both the popular beaches to the south and prosperous farmland to the north.

Walton County is among the less densely populated regions in the area, and as of 2019, the county has just 74,071 residents, according to the US Census Bureau. Additionally, Walton County households had a median income of $53,785, roughly $10,000 below the national equivalent.

Home Insurance Premiums in Walton County

In addition to having high listing prices, homes near the coastline can also come with high home insurance premiums. That’s doubly true for homes that are built without wind mitigation features that can lower premiums quotes insurance companies will offer.

New construction is built up to current building codes and includes standard wind mitigations features, but homes that were constructed before 2001 can vary. If you’re considering a property in Walton County, you’ll need to know its construction type to know what you can expect to pay for a home insurance policy. As you can see from the table below sourced from  Florida’s Office of Insurance Regulation, the costs can vary significantly revealing an overall average of $2,365 for homeowners residing in the county.

Average Homeowners Premiums in Walton County

Construction TypeHome ValueAverage Premium
Overall Average$2,365.48
Pre-2001 (No Wind Mitigation)$150,000$2,933.93
Pre-2001 (With Wind Mitigation)$150,000$1,505.48
New Construction$300,000$2,657.04

When looking for a new home insurance policy in FL, shopping around is always a good idea because the lowest price you can find can be a lot cheaper than the average price, especially in an area like Walton where high-end beachfront properties with a higher risk of damage can drive up the average insurance cost. The following companies have had the lowest average premiums in recent years:

For $150,000 homes built before 2001 without wind mitigation, the average premium is $2,934.

Find below-average rates from the companies below:

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

CompanyAnnual Premium
Security First$1,977
First Protective$2,240
Tower Hill Prime$2,286
Family Security$2,420
Florida Peninsula$2,488
Tower Hill Signature$2,611
American Traditions$2,626
Southern Fidelity$2,633
Florida Family$2,792
Tower Hill Preferred$2,818
Tower Hill Select$2,855
People's Trust$2,902
State Farm Florida$2,977
First Community$3,049
Florida Farm Bureau$3,141
American Integrity$3,535
Castle Key$3,596
Liberty Mutual$3,751
Auto Club of Florida$3,894
St. Johns$4,235
Southern Oak$4,619

For $150,000 homes built before 2001 with wind mitigation, the average premium is $1,505.

Find below-average rates from the companies below:

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

CompanyAnnual Premium
First Protective$1,067
Tower Hill Prime$1,093
Florida Farm Bureau$1,102
People's Trust$1,258
Tower Hill Select$1,381
Security First$1,382
Family Security$1,384
American Integrity$1,397
American Traditions$1,413
Tower Hill Signature$1,477
Tower Hill Preferred$1,521
First Community$1,534
Castle Key$1,556
St. Johns$1,593
Florida Peninsula$1,671
Florida Family$1,678
Southern Fidelity$1,873
Auto Club of Florida$1,972
Southern Oak$2,022
State Farm Florida$2,054
Liberty Mutual$2,611

For $300,000 homes with new construction, the average premium is $2,657.

Find below-average rates from the companies below:

  • Florida Farm Bureau – $2,101
  • Southern Oak – $2,101
  • Tower Hill Select – $2,178
  • Family Security – $2,208

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

CompanyAnnual Premium
First Protective$2,056
Tower Hill Prime$2,089
Florida Farm Bureau$2,101
Southern Oak$2,101
Tower Hill Select$2,178
Family Security$2,208
American Traditions$2,241
Security First$2,319
People's Trust$2,456
Tower Hill Preferred$2,655
Castle Key$2,694
St. Johns$2,740
Florida Peninsula$2,763
Tower Hill Signature$2,771
American Integrity$2,807
First Community$2,973
Florida Family$3,055
Auto Club of Florida$3,132
State Farm Florida$3,580
Southern Fidelity$3,716
Liberty Mutual$5,144

Population Centers in Walton

As it’s sparsely populated compared to other counties, Walton County doesn’t have a centrally located population center. The county’s largest towns are fairly small relative to those in the rest of the state.

Walton County’s largest towns, which include Defuniak Springs, Santa Rosa Beach, Freeport, and Miramar Beach, are mostly located along the Gulf Coast. The beach towns, which tend to draw tourists during the summer months, comprise a significant part of the county’s economic activity.

Home Values in Walton

The median home value in Walton County is relatively expensive compared to other counties in the Florida Panhandle, at $374,000. Most of the high-end property values are found among the county’s beachside properties.

Flood Insurance in Walton

When researching and budgeting for your annual home insurance costs, don’t forget that a home in Walton County will need flood insurance coverage. The damage that homes in the region are likely to suffer during hurricane season won’t be eligible for coverage under your standard home insurance policy.

To keep this additional cost affordable and your insurance payments simpler, you should consider purchasing both policies from First Protective. This company underwriters the affordable flood insurance policies offered by the federal government’s National Flood Insurance Program (NFRIP), but remember these policies have an upper limit of $250,000. If you need higher coverage than that, you’ll need an additional private flood insurance policy.

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