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Since 2012, our Florida focused agency has strived to put the needs of the customer first allowing homeowners like yourself living in Punta Gorda to quickly get the homeowners policy you need. Maybe you are shopping today because of unexpected rate increases in the Punta Gorda area or maybe you just purchased a new home.

Whatever the situation, we can provide fast home insurance rates for your home in Punta Gorda easily enter your zip code to start the online quoting rater. The process only takes a few minutes to complete and review coverage options that best fit your needs. Get home insurance quotes today or give us a call now at 1-888-685-4704!

Punta Gorda, FL: Did you know?

SourceValue
Location:Punta Gorda, FL (CHARLOTTE County)
Population:16,641
Occupied Residents:55,809
Average Real Estate Value Per Zip Code:$189,400

Average Rates in Punta Gorda

Below you can find some helpful information related to average Punta Gorda home insurance rates and coverages.

  • What are Punta Gorda homeowners paying for home insurance per year? Around $2,165.00 per year on average
  • What can I expect to pay per month for homeowners insurance in Punta Gorda? About $180.00 per month
  • What do other homeowners in other states pay per year on average? Currently, it's around $1,311.00 per year.

The average homeowners insurance rates in Punta Gorda, FL are based on an overall state average which only includes an standard HO-3 homeowners policy for homes that are currently owned and occupied. Our online quoting service is available or you can easily request quotes over the phone, we can help you find cheaper rates by comparing companies, coverage options and discounts like multiline home and auto packages, new roof discounts and added security alarm systems.

Learn More About Home Insurance

If you are a homeowner and you are looking to update your policy because of rate increase, company or coverage enhancement, it's important to learn more about insurance so you can get the best policy for you.

  1. What is homeowners insurance?
  2. What does a replacement cost coverage and actual cash value mean for my home?
  3. This home insurance calculator will calculate your dwelling coverage for your home in Punta Gorda, FL so you know what type of home insurance coverage you need to cover your replacement cost.
  4. What are the homeowners insurance discounts available to homeowners living in Florida?
  5. Here are the top 3 home insurance credits available to homeowners.

 

Compare Homeowners Insurance Rates in Punta Gorda, FL!

Enter your Zip Code:    

Get up to 12 competitive Punta Gorda, FL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Punta Gorda, FL 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 Punta Gorda, 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 Punta Gorda

Are you looking for homeowners insurance in a city near Punta Gorda? 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 Punta Gorda, FL

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Punta Gorda.

33950,     33955,     33980,     33982,     33983,     

Punta Gorda, FL Home Insurance Average Premiums

Local Punta Gorda, FL home insurance quotes comparison

$1366 /yr.

Shows Punta Gorda's lowest average rates with discounts applied.

For the city of Punta Gorda, 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)
$1366 /yr.
Average Coverage:$1616 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1916 /yr.

What is the average home insurance cost for a home in Punta Gorda, FL?

  • • The average homeowners insurance premium paid annually for a home in Punta Gorda is around $1616 per year.

What does it cost on average per month for home insurance in Punta Gorda, FL?

  • • Homeowners in Punta Gorda pay an average cost per month around $135.00 for insurance coverage.

Punta Gorda, FL Coastal Wind, Hail & Flood Information

Punta Gorda is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood Zone Notice: The beautiful coastal city of Punta Gorda is know for it's beautiful beaches and waterways. Because Charlotte County (FIPS: 12015) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Punta Gorda, FL.

Coastal Punta Gorda, Florida Information: To obtain flood insurance coverage, the process usually takes more than 30 days to finalize, if you need flood insurance coverage now, please call us at 888-620-1954.
For more information about your area, please click Coastal Homeowners Insurance in Florida

Punta Gorda, FL - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $418,139 $368,858
February $414,944 $378,370
March $413,103 $389,157
April $412,018 $400,236

Homeowners insurance will help cover the cost to repair or replace your Punta Gorda 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 Punta Gorda
  • 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.
Enter your Zip Code:    

Get up to 12 competitive Punta Gorda, FL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Punta Gorda, FL rates all in one place!

Saving Money Tips on Punta Gorda Home Insurance

A great way to save money on Punta Gorda 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 Punta Gorda 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
20 ft. This is the average home elevation in Punta Gorda, FL

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Punta Gorda, Florida.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Punta Gorda, 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 Charlotte County.

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 […]

Punta Gorda, FL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Punta Gorda 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 Punta Gorda, FL?

- The average square footage in Punta Gorda is around 1,134 Sq. Ft. which would cost you around $189,400 to replace the home if you base the home on the price to build per square foot of $167.

Minimum Replacement Cost Total: $189,400

Location: Punta Gorda, Florida (Charlotte County)

Average Building Cost Per Square Foot in Punta Gorda: $167 (low end)

Average Square Footage in Punta Gorda: 1,134 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$167$189,400
Some Additional Upgrades$209$236,750
Major Home Updates or Advancements$251$284,100

The dwelling coverage is calculated by the average cost per square foot ($167) in Punta Gorda, 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.