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Home Insurance in 33503

One of the best ways to save money on your homeowners insurance policy in the 33503 zip code is to shop your coverage on a regular basis. If your premium has been headed up in the last few years, we can help you find a great policy from the comfort of your own living room.

GetHomeInsuranceQuotes.com is the easiest way to shop for competitive homeowners insurance rates in in Balm, FL. A few clicks of the mouse and we will show you quotes from up to 12 nationwide carriers who are happy to compete for your business.

As always, our service is free and our Florida licensed agents can advise you on the coverages you need as well as the coverage levels you should be carrying to fully protect your property and possessions. They will also be happy to answer any questions you may have and explain the details of your homeowners insurance coverage.

Getting started is easy, simply click on the "Get Multiple Quotes Now" button at the top of the page, verify your 33503 zip code and you are ready to start saving on home insurance.

Quickly Compare Rate Quotes for 33503

Find Balm, FL Homeowners Insurance Quotes to review the best coverage options in your area.

Information on the Average Homeowners Premiums in 33503

According to industry data, homeowners located in Balm pay roughly $1641 per year for a HO-3 homeowners policy. A HO-3 policy is considered the standard when it comes to homeowners insurance. It offers protection for your home, possessions, loss of use as well as liability protection. If you have a mortgage on your property, your lender will require an HO-3 policy is in place to protect their loan.

Remember, an HO-3 policy does not offer coverage for flood damage in 33503 zip code. If you live in a high-risk area for flood damage, your lender will most likely require that you carry a separate flood insurance policy. Our agents can help you determine if you need flood insurance coverage and help you find a policy that fully protects your property.

A recent ranking of Florida home insurance premiums found that premiums in 33503 are 1 when compared to other state averages. Shopping your coverage on a regular basis is the best way to ensure you are getting the best price on a homeowners policy.

Start Shopping 33503 Home Insurance Quotes Right Now!

The best part of our job is helping homeowners save money on their homeowners insurance while also educating our clients on the different types of coverage available to them in 33503.

Let us find you a great policy at an affordable price, get 33503 homeowners insurance quotes now.

33503 Home Insurance Average Premiums

Local 33503 homeowners insurance quotes comparison

$1391 /yr.

Shows Zip Code: 33503 lowest rates with discounts applied on average.

For the 33503, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$1391 /yr.
Average Coverage:$1641 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1941 /yr.

What is the average home insurance cost for a home in 33503?

  • • The average homeowners insurance premium paid annually for a home in 33503 is around $1641 per year.

What does it cost on average per month for home insurance in 33503?

  • • Homeowners in 33503 pay a monthly average cost per month around $137.00.

What kind of discount could I get if I combine my home and auto insurance together in 33503?

  • • Autoowners in 33503 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Balm area, check out other zip codes nearby 33503.
Review average rates in another zip code:
33503 homeowners insurance rates

Home Replacement Cost Coverage in 33503

Average Building Cost Per Square Foot in 33503: $167

Location: Balm, Florida (Hillsborough County)

Average Square Footage in 33503: 1,989 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 33503 before you start any project. Balm homeowners pay on average around $167 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 33503 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 33503 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,989 sq. ft. and the average cost to rebuild the home in this area is around $167 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Balm area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1671,989$332,100
Additional Upgrades & Added Features$2091,989$415,125
Major Home Updates or Advancements$2511,989$498,150

It's important to understand that when you estimate your replacement cost of your home in the 33503 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 33503

Best Home & Auto Insurance Agencies in 33503

Housing Demographics for 33503

Population Review for 33503 Zip Code

For the city of Balm, the population within 33503 has increased to over 0 residents in population size. The current population total is 131. We have broken down the population based on race below. In 33503, there are over 74 in male population and 57 females.

PopulationValues
Total Population131
White Population64
Black Population12
Hispanic Population53
Asian Population3
Hawaiian Population0
Indian Population2
Other Population14
Male Population74
Female Population57
Population Estimate0

Household Data for 33503

The average number of homes in 33503 is around 33, there are an average of 3.97 per household. The average house value according to local real estate values is around $332,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode33
Persons Per Household3.97
Average House Value$332,100
Income Per Household$0
Median Age29.3
Median Age Male20.5
Median Age Female38.5
33503 DetailsValues
StateFL
State Full NameFlorida
City TypeZ
City Alias Abbreviation
Area Code813/656
CityBalm
City Alias NameBALM
CountyHillsborough
County FIPS057
State FIPS12
Time Zone5
Day Light SavingY
MSA8280
PMSA
CSA
CBSA45300
CBSA_DIV45294
CBSA_TypeMetro
CBSA_NameTampa-St. Petersburg-Clearwater, FL
MSA_NameTampa-St. Petersburg-Clearwater, FL MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses5
Number Of Employees14
Business First Quarter Payroll101
Business Annual Payroll413
Business Employment Flag
Growth Rank55
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number38549
Growth Increase Percentage3.1
Metropolitan DetailsValues
CBSA Population2783243
CBSA Division Population1866701
Congressional District16
Congressional LandArea875.33
Delivery Residential0
Delivery Business0
Delivery Total217
Preferred Last Line KeyY21408
Classification CodeP
Multi-County
CSA Name
CBSA_DIV_NameTampa, FL
City State KeyY21408
Land Area0.609000
Water Area0.001000
City Alias Code
City Mixed CaseBalm
City Alias Mixed CaseBalm
Box Count187
SFDU0
MFDU0
State ANSI12
County ANSI057
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number110495
Unique ZIP Name
SSA State County Code10280
Medicare CBSA Code45300
Medicare CBSA NameTampa-St. Petersburg-Clearwater, FL
Medicare CBSA TypeMetro
Market Rating Area ID28
County Mixed CaseHillsborough

Florida Homeowners Insurance News & Information

  • Florida has 7 New Home Insurance Companies Entering the Market Posted on Friday 1st March, 2024

    Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute.  The Insurance Information Institute is hopeful that the new insurance […]

  • What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024

    If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

  • Florida Homeowners Advance From Citizens into Private Companies Posted on Tuesday 5th December, 2023

    Homeowners Choice Property and Casualty Insurance Co. has assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company, the parent company says in a Tuesday news release. Homeowners Choice is owned by HCI Group Inc., a holding company with operations in homeowners insurance, information technology services, real estate and reinsurance. Homeowners Choice […]

  • 2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023

    The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies.  Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]

  • Fall 2023: Florida Homeowners Insurance Premium Update Posted on Tuesday 24th October, 2023

    Despite the fact that the Florida legislation finally passed a couple of bills to deal with the ever-increasing cost of homeowners insurance, it seems unlikely that premiums will start to fall anytime soon according to a report put out by Karen Clark & Company (KCC), a risk modelling firm. The recent report, titled “Managing Expectations: […]

  • Citizens Property Insurance Corporation Citizens Property Sends Out Letters Posted on Wednesday 27th September, 2023

    Soon, hundreds of thousands of Citizens Property Insurance Company policyholders will be getting a letter in their mailbox asking them to move their policy to a private insurance company and away from Citizens, the state-backed insurer of last resort. Citizens Property is using the letters as part of its “Depopulation” effort that was approved by […]

  • 5 New Homeowners Insurance Companies Step into the Florida Insurance Market Posted on Wednesday 27th September, 2023

    Florida’s property insurance disaster may be taking baby steps in the right direction as five new insurers step into the Florida market, taking over hundreds of thousands from Citizens Property, Florida’s insurer of last resort. This could lead to more insurance options for residents of the Sunshine State soon. The five companies in the mix […]