Saint Petersburg, FL Home Insurance Quotes!

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Picture of Saint Petersburg, FL

Saint Petersburg is a great town to live with only 244,769 people living within the city limits. While the popluation size may be consider small, Saint Petersburg packs a big punch with roughly 9,684 households per zip code making this area very competitive for home insurance companies. The average number of residents living within the occupied homes is around 3, but that number can vary depending on the housing construction and property type.

Saint Petersburg really shines when it comes to the average household income, our median income recently hit the $60,123 mark, which puts it pretty close to the national average. This amount of income goes a long way in the Saint Petersburg housing market since the median house price is $263,754.

Saint Petersburg, FL Home Facts & Demographics

Saint Petersburg has grown to be the home of 244,769 residents in total population with 108815 occupied homes in the city limits, the city seems to be grown with new homes being built throughout the city. The average family household in Saint Petersburg is 59121.

DemographicValues
Population244,769
Total Occupied Households108815
Family Households (families)59121
Average Owner Occupied Household Size2.25
Average Family Size2.88
Total Housing Units129401

We Also Have Cheap Homeowners Insurance in Saint Petersburg

The residents of Saint Petersburg are very lucky when it comes to the cost of homeowners insurance. Recent data indicates that the average policy cost homeowners in Saint Petersburg, $2,165 per year. Did you know the national average is $1,311. At GetHomeInsuranceQuotes.com, we shop the best rates and coverage options, homeowners in Saint Petersburg pay a much cheaper rate as low as $1,408 per year. Average rates for homeowners living in a 1,850 square foot home or bigger usually pay around $1658 for a standard HO-3 policy. Large homes with much higher heated square footage pay around $1958 per year. Enter your zip code to start shopping quotes with us or give us a call now at 888-685-4704!

What are the insurance coverage types for homes in Saint Petersburg?

The thing about Saint Petersburg homeowners insurance that many people don't know is that it comes in a variety of different types, each one designed for the type of housing unit it protects.

Here is the information you need to know about the different homeowner insurance types in Saint Petersburg, FL:

HO-3: The majority of homeowners policies that are in force in Saint Petersburg, and most other places, are HO-3 type policies. The policies cover damage from any peril that is not specifically excluded in the policy details. HO-3 policies only protect your personal property from specific perils that are listed in the policy. As with most homeowner policies, flooding and earthquake damage are excluded.

Be sure to read your policy in full and understand any other exclusions that apply to your coverage.

HO-6: These policies are written especially for condos and co-op buildings. They provide protection for all of your personal property as well as the parts of the building that are your property, such as the walls and mechanicals of your particular unit.

HO-8: If you love older homes, this type of policy is for you. It protects older, historical homes where the cost to rebuild or replace the home exceeds the value of the house.

The fact that these policies will have a payout that is lower than the cost to replace the house makes them affordable. These policies are usually written because the home is too old to qualify for a traditional HO-3 policy. The main disadvantage is the fact that these policies only cover damage from 11 specific perils.

HO-4: If you are renting an apartment, you still need protection for your personal property and liability protection in the event that someone is injured in your apartment.

A HO-4 policy offers the protection that you need when living in an apartment. If your personal property is damaged or destroyed, you will be covered and it will also cover the medical bills and any legal bills if someone is injured while visiting you.

Compare Homeowners Insurance Rates in Saint Petersburg, FL!

Enter your Zip Code:    

Get up to 12 competitive Saint Petersburg, FL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Saint Petersburg, 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 Saint Petersburg, 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 Saint Petersburg

Are you looking for homeowners insurance in a city near Saint Petersburg? 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 Saint Petersburg, FL

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

33701,     33702,     33703,     33704,     33705,     33706,     33707,     33708,     33709,     33710,     33711,     33712,     33713,     33714,     33715,     33716,     

Saint Petersburg, FL Home Insurance Average Premiums

Local Saint Petersburg, FL home insurance quotes comparison

$1408 /yr.

Shows Saint Petersburg's lowest average rates with discounts applied.

For the city of Saint Petersburg, 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)		$1408 /yr.
Average Coverage:$1658 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1958 /yr.

What is the average home insurance cost for a home in Saint Petersburg, FL?

  • • The average homeowners insurance premium paid annually for a home in Saint Petersburg is around $1658 per year.

What does it cost on average per month for home insurance in Saint Petersburg, FL?

  • • Homeowners in Saint Petersburg pay an average cost per month around $138.00 for insurance coverage.

Saint Petersburg, FL Coastal Wind, Hail & Flood Information

Saint Petersburg 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 Saint Petersburg is know for it's beautiful beaches and waterways. Because Pinellas County (FIPS: 12103) 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 Saint Petersburg, FL.

Coastal Saint Petersburg, 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

Saint Petersburg, FL - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $353,312 $310,407
February $354,213 $318,447
March $356,711 $328,316
April $357,690 $338,182

Homeowners insurance will help cover the cost to repair or replace your Saint Petersburg 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 Saint Petersburg
  • 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 Saint Petersburg, FL homeowners insurance rates all in one place!

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

Saving Money Tips on Saint Petersburg Home Insurance

A great way to save money on Saint Petersburg 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 Saint Petersburg 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
8 ft. This is the average home elevation in Saint Petersburg, 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 Saint Petersburg, 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 Saint Petersburg, 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 Pinellas 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 […]

Saint Petersburg, FL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Saint Petersburg 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 Saint Petersburg, FL?

- The average square footage in Saint Petersburg is around 1,579 Sq. Ft. which would cost you around $263,754 to replace the home if you base the home on the price to build per square foot of $167.

Minimum Replacement Cost Total: $263,754

Location: Saint Petersburg, Florida (Pinellas County)

Average Building Cost Per Square Foot in Saint Petersburg: $167 (low end)

Average Square Footage in Saint Petersburg: 1,579 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$167$263,754
Some Additional Upgrades$209$329,693
Major Home Updates or Advancements$251$395,631

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