Get Lake City, FL Home Insurance Rates!
Did you know that comparing home insurance near Lake City, FL just got easier? At GetHomeInsuranceQuotes.com, we provide excellent quoting services when it comes to getting cheaper rates with enhanced coverage options and lower prices. Our carriers are rated "A+" by A.M. Best and most of all they are brand names you can trust like Nationwide, Safeco Insurance, Liberty Mutual, Progressive Insurance and so many more.
The good news is that lower rates are available for homeowners living in Florida so it's important to work with a specialized Lake City insurance agent that knows the best carrier that's right for you and your family.
Great Facts About Lake City, FL
Lake City has now reached over 12,046 residents in population size with 4666 homes within the city of Lake City. The average family size in Lake City is around 2795. With the local population increasing in Lake City, it's important to make sure your home has the proper coverage and protection you need for your family. Please visit the links below to help you find out better ways to save on your insurance:
- Home Insurance Discounts
- Setting Your Deductibles as High as Possible is a Moneysaver
- Top 5 Home Improvements That Can Save You Money on Your Home Insurance
Demographic | Values |
---|---|
Population | 12,046 |
Total Occupied Households | 4666 |
Family Households (families) | 2795 |
Average Owner Occupied Household Size | 2.33 |
Average Family Size | 3.05 |
Total Housing Units | 5539 |
Homeowners Insurance in Lake City: What You Need To Know!
When reviewing home insurance locally, Lake City homeowners are finding ways to save up to 40% or more when they shop and compare rates online.
A frequently asked question that we get from homeowners based out of Lake City, usually have to do with comparing premium payments, monthly and annually for residents living in COLUMBIA County. Did you know that Florida may not be the most expensive state in the country to purchase a homeowners policy, however it does rank higher than average at a national rank of 1. Residents of Lake City, FL are currently paying $2165 per year for home insurance coverage on average, where the majority of the United States premiums are around $1311 per year. These average home insurance rates reflect the cost of a standard home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.
Compare Homeowners Insurance Rates in Lake City, FL!
Get up to 12 competitive Lake City, FL homeowners insurance rates all in one place! |
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 Lake City, 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 Lake City
Are you looking for homeowners insurance in a city near Lake City? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
Home Insurance Rates by Zipcode in Lake City, FL
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Lake City.
Lake City, FL Home Insurance Average Premiums
For the city of Lake City, 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) | $1383 /yr. |
Average Coverage: | $1633 /yr. |
2600 sq. ft. or higher (all discounts applied) | $1933 /yr. |
What is the average home insurance cost for a home in Lake City, FL?
- • The average homeowners insurance premium paid annually for a home in Lake City is around $1633 per year.
What does it cost on average per month for home insurance in Lake City, FL?
- • Homeowners in Lake City pay an average cost per month around $136.00 for insurance coverage.
Lake City, FL - 2023 Housing Information
Month | Current Home Value (2023) | Last Year Home Value (2022) |
---|---|---|
January | $241,810 | $212,068 |
February | $241,145 | $217,348 |
March | $241,546 | $223,467 |
April | $242,437 | $228,760 |
Homeowners insurance will help cover the cost to repair or replace your Lake City 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 Lake City
- 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 Lake City, FL homeowners insurance rates all in one place! |
Saving Money Tips on Lake City Home Insurance
A great way to save money on Lake City 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 Lake City 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 |
---|---|---|
112 ft. | This is the average home elevation in Lake City, 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 Lake City, 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 Columbia County.
Florida Homeowners Insurance News & Information
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Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024
As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]
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Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024
Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]
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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 […]
Lake City, FL Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Lake City 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 Lake City, FL?
- The average square footage in Lake City is around 751 Sq. Ft. which would cost you around $125,400 to replace the home if you base the home on the price to build per square foot of $167.
Minimum Replacement Cost Total: $125,400
Location: Lake City, Florida (Columbia County)
Average Building Cost Per Square Foot in Lake City: $167 (low end)
Average Square Footage in Lake City: 751 Sq. Ft.
Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
---|---|---|
None or Very Minor Improvements | $167 | $125,400 |
Some Additional Upgrades | $209 | $156,750 |
Major Home Updates or Advancements | $251 | $188,100 |
The dwelling coverage is calculated by the average cost per square foot ($167) in Lake City, 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.