Best cheap homeowners insurance in Jacksonville

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The latest Census Bureau results indicate that 56% of Jacksonville residents own (and live) in their homes. Home insurance and taxes are probably top of mind for many of the area homeowners. While you cannot control the cost of your property taxes, you may be able to find ways to save on your home insurance. Home insurance in Jacksonville costs $1,014 per year for $250,000 in dwelling coverage. Bankrate’s findings of cheap home insurance in Jacksonville found three carriers with lower rates than the average, with annual rates of $645 to $901.

Best cheap home insurance companies Jacksonville

To find the cheapest homeowners insurance in Jacksonville, Bankrate collected quotes from our best insurance companies. To narrow the list down to a handful of carriers, we selected insurance providers with the lowest rates, highest customer ratings from the J.D. Power home insurance study and the best level of insurance coverage options.

Home insurance company Average annual premium for $250K dwelling coverage J.D. Power score
Progressive $645 797/1,000
Travelers $812 803/1,000
Nationwide $901 808/1,000
Allstate $1,150 829/1,000
State Farm $1,207 829/1,000

Progressive

To find the best home insurance rates, you will need to collect quotes from several carriers. Progressive helps you with the process when you use the company’s Homequote Explorer tool by returning quotes from several carriers to compare with Progressive’s. Technology is a major priority for Jacksonville’s cheapest insurance company. Besides the online quote tool, Progressive’s mobile app lets you handle all your home insurance needs, such as filing and tracking a claim, managing your coverage and paying your bills.

Travelers

Travelers Insurance is another cheap insurance option for Jacksonville homeowners. Compared to Progressive, Travelers has a list of unique special coverages to customize your home insurance. Water backup coverage can save you from expensive repairs if your sewer overflows. To offset the additional coverages, ask for Travelers discounts such as new homeowner, protective devices or multi policy, if you plan on insuring your car with Travelers as well.

Nationwide

Nationwide may be the best carrier for first-time homeowners and buyers of newer homes. Nationwide offers new policyholders who purchased a home in the last 12 months a discount. And buyers who plan on moving into a newly-built or recently-remodeled house will save on coverage, since Nationwide believes that updated wiring and new home construction is safer and less likely to cause a fire.

Allstate

If you plan on renting a room in your home to help offset your expenses, Allstate has a unique coverage option called HostAdvantage. You can rent a room long term or through a hosting website such as Airbnb or VRBO, and Allstate’s specialized coverage will protect your assets. In addition to HostAdvantage, Allstate provides business property insurance for remote workers or home businesses. The coverage insures work equipment, computers, office supplies and inventory kept at your house.

State Farm

State Farm is the last company on our cheap home insurance list. Although the premium is nearly double the cheapest carrier, your quote may be lower. State Farm’s website is user-friendly and simple to navigate. You could get a home insurance quote in minutes to size up how much your home insurance premiums will be. If you take advantage of State Farm’s discounts for bundling car and home insurance or for having protective devices such as a security system or smoke detectors, your savings may be substantial.

Jacksonville home insurance considerations

Although home insurance is not legally required, Jacksonville is vulnerable to hurricanes, tropical storms, tornadoes and flooding. Windstorm insurance is included in a standard home policy. However, flood coverage is not. That is why it may be beneficial to consider the following optional coverages:

  • Flood insurance: If the carrier you insure your home with does not offer flood insurance, consider the National Flood Insurance Program (NFIP) which provides homeowners with affordable flood insurance.
  • Business coverage: Home-based businesses and commercial activities are not covered by an HO-3. Business coverage steps in to provide financial protection if your work-related computers or equipment are lost, damaged or stolen,
  • Personal articles floater: Naming more expensive items individually on your policy ensures you receive reimbursement for the full value if they are lost, damaged or stolen.

Home insurance discounts in Jacksonville

You may be able to save on your premiums by asking your insurance provider about what discounts you may be eligible for. Insurance companies have a list of discounts they offer. Some of the more popular ones include:

  • Multi policy: When you buy car and home insurance from the same insurance company, the carrier may give you a break on your premiums.
  • Claims history: If you do not have any home insurance claims in the past few years, your insurance company may lower your premiums.
  • Payment: Setting up auto payments or prepaying your premiums for six months to one year in advance typically earns you a discount. It will also ensure that you do not miss a payment and risk a home insurance lapse.

Frequently asked questions

What is the best home insurance company?

Our research into the best home insurance companies in Jacksonville found that the best home insurance company for you will vary. While Progressive and Travelers seem to have the best cheap home insurance in Jacksonville, FL, what is best for you will depend on your own personal rating factors, as well as the company’s available coverages, discounts and ratings.

How much does home insurance in Jacksonville cost?

The cost of home insurance in Jacksonville averages $1,014 per year for $250,000 in dwelling coverage. However, you may be able to beat the average by shopping around to find the lowest quote.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and homeriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2020 Quadrant Information Services data.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
Edited by
Insurance Editor