Longwood, FL Home Insurance Quotes!
Homeowners living in Longwood, FL can find more affordable home insurance premiums when they shop multiple insurance companies with GetHomeInsuranceQuotes.com. We can compare cost amongst different providers, but can also review better coverage options. Savings for Longwood residents also comes in when you apply the available discounts and credits toward your home insurance policy.
Longwood's Average Homeowners Premiums & Discounts
Residents of Longwood are higher than average when it comes to the cost of insuring their home. Longwood ranks number 1 in a recent study with the average premium coming in at $1,677 per year or around $140 per month. With a slightly increased deductible and applying discounts, customers are seeing rates much lower around $1,427 per year.
While Longwood homeowners already enjoy pretty reasonable homeowners rates, there are always ways to find more affordable home insurance coverage. Opting to receive your bills and policies via email instead of through snail mail will garner a small discount, somewhere in the range of 5 percent.
Paying your annual premium up front can also result in a small discount. Experts recommend paying in full if you can afford it. While neither of these discounts is huge on their own, added up they can make a real difference. Please visit our homeowners insurance discounts page to learn how to easy it is to cost on your premium.
Factors to Consider in Longwood, FL
Longwood’s crime rate is slightly above other areas in Florida. Despite the fact that Longwood is a pretty safe place to live, crime can definitely affect your homeowner rates. When shopping for a new home, check crime rates online and request free quotes from us to get an idea of insurance costs in that area.
Most insurance experts advise consumers to shop their insurance at least once a year. If you are currently shopping your policy for your home in Longwood, we can help. The online quoting process is free, quick and easy. Our insurance partners are top rated carriers who have been in business for several decades and will provide you with the best rates available. Start your Longwood, FL home insurance quote today by entering your zip code. Or give us a call now for free home insurance quotes 1-888-685-4704!
Longwood, FL Home Facts
The city of Longwood in Florida is roughly around 13,657 residents in population size with 5244 occupied homes within the city of Longwood. The average family household in Longwood is 3529.
| Demographic | Values |
|---|---|
| Population | 13,657 |
| Total Occupied Households | 5244 |
| Family Households (families) | 3529 |
| Average Owner Occupied Household Size | 2.58 |
| Average Family Size | 3.03 |
| Total Housing Units | 5680 |
Compare Homeowners Insurance Rates in Longwood, FL!
Get up to 12 competitive Longwood, 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 Longwood, 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 Longwood
Are you looking for homeowners insurance in a city near Longwood? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
- Altamonte Springs, FL Home Insurance Quotes
- Casselberry, FL Home Insurance Quotes
- Geneva, FL Home Insurance Quotes
- Lake Mary, FL Home Insurance Quotes
- Oviedo, FL Home Insurance Quotes
- Sanford, FL Home Insurance Quotes
- Winter Springs, FL Home Insurance Quotes
Home Insurance Rates by Zipcode in Longwood, FL
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Longwood.
Longwood, FL Home Insurance Average Premiums
$1427 /yr.
For the city of Longwood, 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) | $1427 /yr. |
| Average Coverage: | $1677 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1977 /yr. |
What is the average home insurance cost for a home in Longwood, FL?
- • The average homeowners insurance premium paid annually for a home in Longwood is around $1677 per year.
What does it cost on average per month for home insurance in Longwood, FL?
- • Homeowners in Longwood pay an average cost per month around $140.00 for insurance coverage.
Longwood, FL Coastal Wind, Hail & Flood Information
Longwood 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.
Coastal Longwood, 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
Longwood, FL - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $443,917 | $397,306 |
| February | $442,588 | $406,593 |
| March | $442,162 | $416,938 |
| April | $443,283 | $425,935 |
Homeowners insurance will help cover the cost to repair or replace your Longwood 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 Longwood
- 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 Longwood, FL homeowners insurance rates all in one place! |
Saving Money Tips on Longwood Home Insurance
A great way to save money on Longwood 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 Longwood 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 |
|---|---|---|
| 28 ft. | This is the average home elevation in Longwood, 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 Longwood, 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 Longwood, 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 Seminole County.
Florida Homeowners Insurance News & Information
-
$4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024
According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]
-
I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024
According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]
-
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 […]
Longwood, FL Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Longwood 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 Longwood, FL?
- The average square footage in Longwood is around 1,864 Sq. Ft. which would cost you around $311,225 to replace the home if you base the home on the price to build per square foot of $167.
Minimum Replacement Cost Total: $311,225
Location: Longwood, Florida (Seminole County)
Average Building Cost Per Square Foot in Longwood: $167 (low end)
Average Square Footage in Longwood: 1,864 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $167 | $311,225 |
| Some Additional Upgrades | $209 | $389,031 |
| Major Home Updates or Advancements | $251 | $466,838 |
The dwelling coverage is calculated by the average cost per square foot ($167) in Longwood, 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.