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34474, FL Homeowners Insurance Rates

With a population size of 17,781 and with 7,464 occupied homes in the 34474 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Ocala, FL are around $1,622 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Ocala, Florida. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-888-685-4704 so we can help you review rates today!

It's important to know that if your Florida home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Ocala, FL.

For Florida home insurance information, including average Ocala home insurance rates, coverage options or the different homeowners insurance types, please select Ocala, FL Home Insurance Quotes Now!

34474 Home Insurance Average Premiums

Local 34474 homeowners insurance quotes comparison

$1372 /yr.

Shows Zip Code: 34474 lowest rates with discounts applied on average.

For the 34474, 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)
$1372 /yr.
Average Coverage:$1622 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1922 /yr.

What is the average home insurance cost for a home in 34474?

  • • The average homeowners insurance premium paid annually for a home in 34474 is around $1622 per year.

What does it cost on average per month for home insurance in 34474?

  • • Homeowners in 34474 pay a monthly average cost per month around $135.00.

What kind of discount could I get if I combine my home and auto insurance together in 34474?

  • • Autoowners in 34474 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 Ocala area, check out other zip codes nearby 34474.
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Home Replacement Cost Coverage in 34474

Average Building Cost Per Square Foot in 34474: $167

Location: Ocala, Florida (Marion County)

Average Square Footage in 34474: 940 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 34474 before you start any project. Ocala 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 34474 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 34474 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 940 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 Ocala 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$167940$157,000
Additional Upgrades & Added Features$209940$196,250
Major Home Updates or Advancements$251940$235,500

It's important to understand that when you estimate your replacement cost of your home in the 34474 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 34474

Best Home & Auto Insurance Agencies in 34474

Housing Demographics for 34474

Population Review for 34474 Zip Code

For the city of Ocala, the population within 34474 has increased to over 19,837 residents in population size. The current population total is 17,781. We have broken down the population based on race below. In 34474, there are over 8441 in male population and 9340 females.

PopulationValues
Total Population17,781
White Population10374
Black Population1922
Hispanic Population4358
Asian Population1409
Hawaiian Population7
Indian Population85
Other Population1506
Male Population8441
Female Population9340
Population Estimate19837

Household Data for 34474

The average number of homes in 34474 is around 7,464, there are an average of 2.30 per household. The average house value according to local real estate values is around $157,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,464
Persons Per Household2.30
Average House Value$157,000
Income Per Household$54886
Median Age40.6
Median Age Male39.0
Median Age Female42.3
34474 DetailsValues
StateFL
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code352
CityOcala
City Alias NameOCALA
CountyMarion
County FIPS083
State FIPS12
Time Zone5
Day Light SavingY
MSA5790
PMSA
CSA
CBSA36100
CBSA_DIV
CBSA_TypeMetro
CBSA_NameOcala, FL
MSA_NameOcala, FL MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses923
Number Of Employees19881
Business First Quarter Payroll206925
Business Annual Payroll891255
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population331298
CBSA Division Population0
Congressional District03
Congressional LandArea7306.05
Delivery Residential8625
Delivery Business966
Delivery Total9427
Preferred Last Line KeyY22570
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY22570
Land Area20.963000
Water Area0.006000
City Alias Code
City Mixed CaseOcala
City Alias Mixed CaseOcala
Box Count0
SFDU3180
MFDU2900
State ANSI12
County ANSI083
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number116600
Unique ZIP Name
SSA State County Code10410
Medicare CBSA Code36100
Medicare CBSA NameOcala, FL
Medicare CBSA TypeMetro
Market Rating Area ID41
County Mixed CaseMarion

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: […]