Get Elkton, FL Home Insurance Rates!
If you are shopping for a new homeowners insurance policy in Elkton, we are here to help. We can help you find the best policy at a great price and also do it quickly. We realize time is always an important factor when it comes to shopping for insurance which is why we have made the entire process quick and easy.
A homeowners insurance policy for your home in Elkton can help protect you from a major financial hit if your home is damaged or destroyed by a covered peril. Homeowners insurance not only covers damage caused by fire, lightning, hurricane, wind, theft and falling objects (think trees), it also provides liability coverage in case someone is injured on your property.
Homeowners insurance also offers protection for your personal property. If your house burns to the ground, taking all of your personal property with it, the cost to replace everything you own can be financially devastating. In addition, homeowners insurance extends to all of the buildings on your property, any outbuildings, barns, sheds and even fences are fully protected by your homeowners insurance policy.
While understanding how important homeowners is to your financial well-being is simple, shopping for coverage and comparing multiple policy options and rates at the same time can be difficult.
GetHomeInsuranceQuotes.com of Florida is here to help. Our site can help you quickly find and compare the most affordable Elkton home insurance quotes. Our online quoting system is simple to use, get started now by entering your zip code at the top of the page.
Quickly Compare Multiple Elkton Home Insurance Rate Quotes
You are three easy steps away from multiple homeowner insurance quotes:
- Enter your zip code: Simply enter your zip code to get started on your Elkton, Florida home insurance quote. Always make sure you include the correct zip code and street address for the home.
- Fill in our form: We have made the quoting process quick and simple. There is no need to waste precious time filling out a long form just to get a homeowners insurance quote. We have scaled down the required information to just a few questions. The only information you will need to provide is a bit of contact info as well as the address of your property, construction type, the year the home was built and the square footage of the home. It’s that simple.
- Click "Get Home Insurance Quotes": Your job is done, we will take it from here. We will shop your rates with up to 12 home insurance carriers in Elkton. Our quoting process is secure and hassle free.
In addition to multiple quotes, we will assign a Florida home insurance professional to your quote to help answer any questions you may have about policy details as well as pricing. Having an agent to turn to with questions can be a huge advantage and will ensure that have a complete understanding of your quote.
Start a quote online today or call us at 1-888-685-4704, we will work with you to find the best policy for your needs.
A Few Facts about Elkton, Florida Home Insurance Rates
While Elkton, FL may not be considered the most expensive area in the state for insurance premiums, Florida does rank #1 in the country for homeowners insurance rates.
Homeowners in Elkton, Florida are paying an "average" of $2,165 for a standard home insurance policy. This is a whopping 61.1 percent higher than the national average premium across the United States which is $1,311.
We can help lower your Florida homeowners insurance costs by shopping your coverage with a variety of national insurance companies that are very competitive in the Elkton city area. It’s quick and easy. Get multiple home insurance quotes now in your local area.
Compare Homeowners Insurance Rates in Elkton, FL!
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Our Service in Florida
You can feel confident that our experience, integrity and service will help you find the best insurance policy at a price you can afford. We work with a wide variety of insurers in Elkton, Florida and all of them are top rated "A+" by A.M. Best Rating and have been in business for several decades.
Just a few of the insurers we work include American Integrity Insurance Group, Anchor Insurance, ASI, Bankers Insurance Group, Centauri Insurance, Chubb, Edison Insurance Company, Florida Peninsula Insurance Company, Heritage Insurance, Lexington Insurance, Olympus Insurance, People's Trust Insurance Company, St. Johns Insurance Company and many more.
Average Rates Nearby Elkton
Are you looking for homeowners insurance in a city near Elkton? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Elkton, FL
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Elkton.
Elkton, FL Home Insurance Average Premiums
$1369 /yr.
For the city of Elkton, 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) | $1369 /yr. |
| Average Coverage: | $1619 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1919 /yr. |
What is the average home insurance cost for a home in Elkton, FL?
- • The average homeowners insurance premium paid annually for a home in Elkton is around $1619 per year.
What does it cost on average per month for home insurance in Elkton, FL?
- • Homeowners in Elkton pay an average cost per month around $135.00 for insurance coverage.
Elkton, FL - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $392,300 | $358,217 |
| February | $389,952 | $366,352 |
| March | $389,355 | $375,821 |
| April | $389,983 | $385,601 |
Homeowners insurance will help cover the cost to repair or replace your Elkton home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Elkton
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Elkton, FL homeowners insurance rates all in one place! |
Saving Money Tips on Elkton Home Insurance
A great way to save money on Elkton homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Elkton area? Check out what homeowners are paying on average for Florida homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 27 ft. | This is the average home elevation in Elkton, FL | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Florida flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Elkton, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Saint Johns County.
Florida Homeowners Insurance News & Information
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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 […]
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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 […]
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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 […]
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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. […]
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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 […]
Elkton, FL Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Elkton so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Elkton, FL?
- The average square footage in Elkton is around 1,080 Sq. Ft. which would cost you around $180,300 to replace the home if you base the home on the price to build per square foot of $167.
Minimum Replacement Cost Total: $180,300
Location: Elkton, Florida (Saint Johns County)
Average Building Cost Per Square Foot in Elkton: $167 (low end)
Average Square Footage in Elkton: 1,080 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $167 | $180,300 |
| Some Additional Upgrades | $209 | $225,375 |
| Major Home Updates or Advancements | $251 | $270,450 |
The dwelling coverage is calculated by the average cost per square foot ($167) in Elkton, Florida times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $521,875 (Media price to build of $209 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.