Latest on Homeowners Insurance
 

I know this is an on-going topic but I want to know what the latest is.

I got my renewal from Progressive for a 2600 sqft home, no pool, no sinkhole, no flood insurance, roof 9 years old, 250/500, Dwelling $578K for $2,100. About a 45% increase from last year, no claims.

Please tell us how much you are paying so we can see what's right or not or what the "new normal" is.

Please list:
Company
Size of home
Dwelling insured limit
Pool or anything else special
Sinkhole insurance or not
Flood insurance or not
Roof age

Any recommendations to shop for a better deal.

I know we have talked about this a lot but now that the storms have passed It would be good to know how the insurers have re-calibrated for homes in the Villages.

Also, If you were not re-insured just tell us how you got new insurance and or whom you recommend.

Hope this will help a lot for those getting renewals this time of year.

It sounds about right. I renewed my Progressive insurance in February for $1,202. It was about a 10 percent increase. The differences between your's and mine is that my SF is about 2,000, my dwelling coverage is about $250,000, and I do have sinkhole insurance. Everything else is about the same.

I would get a quote from State Farm. They had comparable rates to Progressive.

Progressive ceo wants to reduce Florida exposure. This will continue for years. Look elsewhere

I wouldn’t call it “….. storms have passed It would be good to know how the insurers have re-calibrated for homes in the Villages.” They don’t recalibrate that quickly. What Florida needs is another 11-year hurricane drought that we had back around the turn of the century. (Hermine October 2005 broke Florida's record of a hurricane drought that lasted 3,966 days.) In 2024, three hurricanes made landfall in Florida: Debby, Helene, and Milton. By far Milton was the worst with $34.6 billion damage. Helene ($14 billion) and Debby ($66.7 million). That’s not nothing.

Back to homeowners ins cost. I would say yours is a good deal. I just got a renewal letter for $1621. Up from $1571. SF is about 1800, my dwelling coverage is about $365,000, neither flood nor sinkhole insurance. I’m going to add flood insurance when I get around to it. It’s Spinnaker Insurance Company. I have several weeks to pay the premium. This is not a major ins company. Some only will go with major companies.

It’s easy to get a quote:

Go to this website and click “Request a Quote” enter your address and answer a few other questions. You’ll get a quote very quickly. (They will call you.)

Guardian Insurance Group Inc. - Florida Insurance Agency

Here is my latest

Tower Hill
dwelling insured limit $700K
2700 SF house
with pool
sink hole with 10% deductible
no flood
new house

Price $3232.18. Sink hole coverage with 10% deductible was $768 of that. Probably a waste of money.

Seems more or less in line with the figures the OP quoted.

Our northern homes insurance are higher than any of our Florida homes. Just renewed one TV house February with less than $40 increase on a 2yo home

We have a $440,000 home in Bradenton, FL with State Farm insurance......10 miles from the coast and we had a decrease of about 5% when our renewal came in last month. The agent we have had for years actually called me to let me know it would decrease.

You should be very happy with that. We live outside The Villages in a 2,000 sq. ft. house worth about $250k and pay $500 more than you.

I think that you have a better than average quote. We have a slightly smaller house with a 2 year old roof, and all other factors the exact same as you. We pay literally a few $ more than you to a company named "Slide" which we purchase thru The Kevin MC Donald Agency.
And for the one large claim that we have had, this company was VERY prompt in paying.

I just signed up for loggerhead insurance, three bedroom 2 bath two car garage wood frame vinyl siding 1527 square feet, built in 1999, new roof this year mitigation form submitted, house value 290000 my premium for 12 months will be $1090

I have a 1700 square ft. home in Calumet Grove with a 4 year old roof and pay 2,000 I think I am overpaying with Frontline Insurance. Just paid. Will have to check for new insurance next year.

Home Insurance
 

Kin Insurance 2800 sq ft $535,000
$1300 10 year old roof

Your pool has no effect on your premium. Your quote seems reasonable and a good price for your under air sq. ft.

From AI: Having a pool generally increases homeowners insurance premiums. This is because pools add to the overall risk profile of a home, increasing the likelihood of liability claims and the potential cost of repairing or replacing damage to the pool itself.

I pay about $1200 for a similar house that is 2 years old via Kin Insurance which offers insurance in The Villages. They were hundreds less than the big brand names.