Get Eastpoint, FL Home Insurance Rates!
In Florida, Eastpoint residents are looking for a fast way to compare the best quotes available. Our website helps you compare up to 12 competitive rate quotes based on price, company and coverage options. Our top rated carriers in Eastpoint have great prices available for your home that will also include flood and earthquake coverage options. Most of all, you can easily enjoy our hassle free quoting process all-in-one place. Let us help you review and compare Eastpoint home insurance rates today, enter your Eastpoint zip code to start a free online quoting application process or give us a call now.
"How much does home insurance cost in Eastpoint?" For an HO-3, standard homeowners policy in Eastpoint, the average price is around $2,165 per year, which is about $180 per month. Our online customers can save up to 40% or more when we help you shop the best rate and coverage options. Cheaper rates are available, but most of the time, "cheap" rates have limited coverage protection which may not be exactly what you are looking for. Our free consulting process allows you to view all the necessary enhanced coverage features, deductible options plus home insurance credits.
Compare Homeowners Insurance Rates in Eastpoint, FL!
Get up to 12 competitive Eastpoint, 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 Eastpoint, 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 Eastpoint
Are you looking for homeowners insurance in a city near Eastpoint? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
- Apalachicola, FL Home Insurance Quotes
- Carrabelle, FL Home Insurance Quotes
- Lanark Village, FL Home Insurance Quotes
Home Insurance Rates by Zipcode in Eastpoint, FL
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Eastpoint.
Eastpoint, FL Home Insurance Average Premiums
$1370 /yr.
For the city of Eastpoint, 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) | $1370 /yr. |
| Average Coverage: | $1620 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1920 /yr. |
What is the average home insurance cost for a home in Eastpoint, FL?
- • The average homeowners insurance premium paid annually for a home in Eastpoint is around $1620 per year.
What does it cost on average per month for home insurance in Eastpoint, FL?
- • Homeowners in Eastpoint pay an average cost per month around $135.00 for insurance coverage.
Eastpoint, FL Coastal Wind, Hail & Flood Information
Eastpoint 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 Eastpoint is know for it's beautiful beaches and waterways. Because Franklin County (FIPS: 12037) 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 Eastpoint, FL.
Coastal Eastpoint, 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
Eastpoint, FL - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $743,747 | $689,188 |
| February | $738,602 | $704,879 |
| March | $735,751 | $723,473 |
| April | $734,763 | $742,156 |
Homeowners insurance will help cover the cost to repair or replace your Eastpoint 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 Eastpoint
- 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 Eastpoint, FL homeowners insurance rates all in one place! |
Saving Money Tips on Eastpoint Home Insurance
A great way to save money on Eastpoint 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 Eastpoint 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 |
|---|---|---|
| 4 ft. | This is the average home elevation in Eastpoint, 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 Eastpoint, 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. 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 Eastpoint, 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 Franklin 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 […]
Eastpoint, FL Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Eastpoint 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 Eastpoint, FL?
- The average square footage in Eastpoint is around 1,080 Sq. Ft. which would cost you around $180,400 to replace the home if you base the home on the price to build per square foot of $167.
Minimum Replacement Cost Total: $180,400
Location: Eastpoint, Florida (Franklin County)
Average Building Cost Per Square Foot in Eastpoint: $167 (low end)
Average Square Footage in Eastpoint: 1,080 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $167 | $180,400 |
| Some Additional Upgrades | $209 | $225,500 |
| Major Home Updates or Advancements | $251 | $270,600 |
The dwelling coverage is calculated by the average cost per square foot ($167) in Eastpoint, 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.