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34242 Homeowners Insurance Quotes & Rates

Sarasota residents living within the 3,838 homes available in the zip code of 34242 are shopping online to compare cheaper and more affordable Sarasota, FL home insurance rates. In the great city of Sarasota, homeowners like you want to find less expensive coverage since the home insurance rates have increased. Currently, the average home insurance rate within the state of Florida is around $1,726 per year. These average rates are based on a standard or basic homeowner policy that covers your home for risk of fire, theft or liability issues if someone was to be injured on your property. We can provide enhanced coverage options to give you that added protection that you need for your home in the 34242 zip code.

With our online home insurance quoting application and excellent review service, we can help you save up to 40% or more on your next homeowners policy. We will shop up to 12 competitive home insurance rates, review all the coverage options available and propose any discounts or credits that may be available to you. Each home insurance company is different and likes to generate rates based on a number of different risk factors when it comes to insuring your home. We will be able to explain which home insurance company is best for you based on the coverage details, rate affordability and claim dependability.

Let us help you shop and compare your 34242 home insurance rates today! Please give us a call now at 1-888-685-4704. For Sarasota, FL Homeowners Insurance Quotes, Click to easily get started!

34242 Home Insurance Average Premiums

Local 34242 homeowners insurance quotes comparison

$1476 /yr.

Shows Zip Code: 34242 lowest rates with discounts applied on average.

For the 34242, 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)
$1476 /yr.
Average Coverage:$1726 /yr.
2600 sq. ft. or higher
(all discounts applied)
$2026 /yr.

What is the average home insurance cost for a home in 34242?

  • • The average homeowners insurance premium paid annually for a home in 34242 is around $1726 per year.

What does it cost on average per month for home insurance in 34242?

  • • Homeowners in 34242 pay a monthly average cost per month around $144.00.

What kind of discount could I get if I combine my home and auto insurance together in 34242?

  • • Autoowners in 34242 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 Sarasota area, check out other zip codes nearby 34242.
Review average rates in another zip code:
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Home Replacement Cost Coverage in 34242

Average Building Cost Per Square Foot in 34242: $167

Location: Sarasota, Florida (Sarasota County)

Average Square Footage in 34242: 4,603 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 34242 before you start any project. Sarasota 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 34242 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 34242 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 4,603 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 Sarasota 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$1674,603$768,700
Additional Upgrades & Added Features$2094,603$960,875
Major Home Updates or Advancements$2514,603$1,153,050

It's important to understand that when you estimate your replacement cost of your home in the 34242 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 34242

Best Home & Auto Insurance Agencies in 34242

Housing Demographics for 34242

Population Review for 34242 Zip Code

For the city of Sarasota, the population within 34242 has increased to over 13,405 residents in population size. The current population total is 7,417. We have broken down the population based on race below. In 34242, there are over 3590 in male population and 3827 females.

Total Population7,417
White Population6909
Black Population22
Hispanic Population203
Asian Population115
Hawaiian Population2
Indian Population9
Other Population68
Male Population3590
Female Population3827
Population Estimate13405

Household Data for 34242

The average number of homes in 34242 is around 3,838, there are an average of 1.93 per household. The average house value according to local real estate values is around $768,700. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode3,838
Persons Per Household1.93
Average House Value$768,700
Income Per Household$116033
Median Age64.9
Median Age Male64.7
Median Age Female65.0
34242 DetailsValues
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code941
City Alias NameSARASOTA
County FIPS115
State FIPS12
Time Zone5
Day Light SavingY
CBSA_NameNorth Port-Bradenton-Sarasota, FL
MSA_NameSarasota-Bradenton, FL MSA
DivisionSouth Atlantic
Economic & Growth ReviewValues
Number Of Businesses332
Number Of Employees2322
Business First Quarter Payroll20974
Business Annual Payroll95775
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population702281
CBSA Division Population0
Congressional District17
Congressional LandArea6369.97
Delivery Residential6946
Delivery Business213
Delivery Total8829
Preferred Last Line KeyY22859
Classification Code
CSA NameNorth Port-Bradenton, FL
City State KeyY22859
Land Area3.575000
Water Area4.627000
City Alias Code
City Mixed CaseSarasota
City Alias Mixed CaseSarasota
Box Count0
State ANSI12
County ANSI115
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number118430
Unique ZIP Name
SSA State County Code10570
Medicare CBSA Code35840
Medicare CBSA NameNorth Port-Sarasota-Bradenton, FL
Medicare CBSA TypeMetro
Market Rating Area ID56
County Mixed CaseSarasota

Florida Homeowners Insurance News & Information

  • Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024

    A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

  • Florida Lawmakers May Allow Takeout Offers to Citizens’ Policyholders Posted on Wednesday 13th March, 2024

    Lawmakers in Florida are moving closer to allowing specific insurer types to make offers to policyholders currently with Citizen’s Property to insure their vacation or second home.  SB 1716 this week cleared the Senate’s Fiscal Policy Committee for the takeout offers after the Senate’s Banking and Insurance Committee approved the measure earlier this month.  This […]

  • 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: […]