Waldo, FL Homeowners Insurance Rate Quotes!

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If you are shopping for a new homeowners insurance policy in Waldo, FL we are here to help.

GetHomeInsuranceQuotes.com makes shopping your coverage quick and easy, best of all, you never have to leave the comfort of your own home. Our online quoting application process has been trusted by thousands of homeowners like you who want a quick way to review and compare rates without any hassle.

Our licensed homeowners insurance professionals will help you compare multiple options and review your coverage levels to make sure you are fully protected and not paying for coverages you no longer need. We pull rates from up to 12 different carriers so you have plenty of choice when it comes to cost and coverages. All of our insurers are highly rated by A.M Best and we will walk you through the entire process and answer any questions that pop up.

Waldo, Florida has 1,015 residents calling it home. This number translates into 879 households with the median household income coming in at $47,917. The median home price in Waldo is $127,700 making it a very affordable city to buy a house. When it comes to the cost of homeowners insurance, Waldo residents are pretty lucky, the average premium in Florida is $2,165 well below the national median, making Florida a bargain.

Homeowners insurance comes in a variety of different policy types and each one is designed to protect a specific type of house. Here are just a few policy examples:

HO-3: This policy type is the most common homeowner policy and is considered the standard for most houses. It protects against damage from all perils except those specifically excluded in the policy wording. All standard homeowner policies exclude flood and earthquake damage so if you live in a high-risk area for flooding you will need a flood insurance policy, which we can help you find.

HO-5: An HO-5 is considered a more upscale policy that offers broader coverage than an HO-3. These policies are usually only available on newer, high-end homes. One of the major differences is the fact that your personal property (your possessions) are covered against all perils while an HO-3 does limit damage (to your posssessions) to specially named perils. In most cases, an HO-5 policy is significantly more expensive.

H0-6: If you live in a condo or co-op building, this is the type of policy you will need. It protects the structural portions of your unit that you actually own as well as your personal belongings. It also provides liability insurance in the event someone is injured in your condo or co-op. This type of policy only protects against the perils listed in the policy.

If your homeowners insurance premium has increased recently, it may be time to shop your premium around. We have helped thousands of homeowners find a new policy and our quoting process lets you compare rates and coverage levels from the comfort of your own home. We will also make sure that all available discounts are being applied to your policy.

For additional help, please visit our homeowners insurance blog for helpful articles, tips and customer related questions. If you are ready to start shopping for a new policy, simply enter your zip code and we can get started on compare coverage. If you prefer to call us, please call 1-888-685-4704

Compare Homeowners Insurance Rates in Waldo, FL!

Enter your Zip Code:    

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

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

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

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

32694,     

Waldo, FL Home Insurance Average Premiums

Local Waldo, FL home insurance quotes comparison

$1356 /yr.

Shows Waldo's lowest average rates with discounts applied.

For the city of Waldo, 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)
$1356 /yr.
Average Coverage:$1606 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1906 /yr.

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

  • • The average homeowners insurance premium paid annually for a home in Waldo is around $1606 per year.

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

  • • Homeowners in Waldo pay an average cost per month around $134.00 for insurance coverage.

Waldo, FL - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $168,586 $151,442
February $169,277 $155,864
March $172,363 $161,101
April $177,008 $165,173

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

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

Saving Money Tips on Waldo Home Insurance

A great way to save money on Waldo 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 Waldo 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
138 ft. This is the average home elevation in Waldo, 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 Waldo, 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 Alachua County.

Florida Homeowners Insurance News & Information

  • 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 […]

  • 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 […]

  • 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 […]

Waldo, FL Dwelling Coverage Estimate

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

- The average square footage in Waldo is around 765 Sq. Ft. which would cost you around $127,700 to replace the home if you base the home on the price to build per square foot of $167.

Minimum Replacement Cost Total: $127,700

Location: Waldo, Florida (Alachua County)

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

Average Square Footage in Waldo: 765 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$167$127,700
Some Additional Upgrades$209$159,625
Major Home Updates or Advancements$251$191,550

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