Average Annual Rate of Homeowners Insurance in Hudson While no law requires homeowners insurance in Hudson, mortgage lenders make borrowers carry home insurance while they have a mortgage. Lenders mandate home insurance to protect their investment in your home.
Key Takeaways
- The average homeowners insurance cost in Hudson, Florida, is $3,193 per year.
- Florida Peninsula and Cypress had the cheapest home insurance in Hudson, according to our agency data.
- Shopping around and comparing quotes is key to saving money on home insurance and finding the best company for your circumstances.
How Much Is Homeowners Insurance in Hudson, Florida?
The average cost of homeowners insurance in Hudson is about $3,193 annually, which is 12% higher than Florida’s state average of $2,857 per year.
Hudson’s proximity to the Gulf contributes to costly insurance rates, as its close proximity to the water means a higher likelihood of hurricane damage. Thus, premiums in Hudson are higher than those in other inland cities in Pasco County.
As an independent Florida insurance agency, we’ve helped dozens in Hudson find home coverage. We can list their real, average premiums to help give you an idea of what to expect when seeking coverage.
|
Company |
Premium |
|---|---|
|
Florida Peninsula |
$1,071 |
|
Cypress |
$1,182 |
|
Olympus |
$2,381 |
|
Citizens |
$2,959 |
|
American Platinum |
$3,310 |
|
Edison |
$4,014 |
|
Average |
$3,193 |
It’s Time to Switch Your Homeowners Insurance
We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.
The Cheapest Homeowners Insurance in Hudson, Florida
Florida Peninsula has the cheapest home insurance in Hudson, on average, based on our agency data. Our list includes a good range of Florida providers. It’s wise to get quotes from many a diverse set of companies because rates vary by carrier, location, age, value, and more.
Florida Peninsula, Cypress, and Olympus are popular Florida-based insurers. A company to note on our list is Citizens, which operates differently from the other carriers listed. Citizens is a state-run insurer of last resort that artificially subsidizes rates for people who have trouble finding coverage in the standard market. You can only qualify for Citizens if you get three quotes from private carriers that are over 20% of your Citizens quoted price.
Insurance plans can look different from home to home. Your exact rates will depend on many factors, both personal and property-related. You’ll need to get several quotes to find the best deal, and our Clovered team can help you do that quickly and easily.
The Best Homeowners Insurance Companies in Hudson, Florida
The best insurance company for one person in Hudson may not be the best for another due to coverage needs, budget, and personal preference. As an independent agency, we can help you find the perfect match by getting and comparing prices for you and providing as much information as we can, like by adding some further context on some of our partner carriers below.
Average premiums are determined from our policyholder data. Financial strength is determined by each company’s ratings from Demotech, a leading insurance industry credit rating agency.
To gauge consumer satisfaction, we used the National Association of Insurance Commissioners’ complaint index, which compares a firm’s consumer complaint performance with other companies in the market. The default index number is 1.0, meaning a company with a complaint index of 2.0 has a complaint value twice as high as expected. So, for their scale, lower is better.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$1,071
Florida Peninsula Insurance Company was founded in 2005 and focuses on offering coverage in its namesake state. With over 150,000 policies in force in Florida, it just cracks the top ten list of Florida’s largest home insurers.
Cypress Insurance Group
Demotech Rating
A
NAIC Complaint Index
0.77
Average Premium
$1,182
Established in 1998, Cypress Property & Casualty, headed by the Cypress Insurance Group, offers several types of property insurance in Florida and Texas. The company has over 70,000 policyholders in the Sunshine State.
Olympus
Demotech Rating
NR
NAIC Complaint Index
0.90
Average Premium
$2,381
Olympus Insurance Company has offered home insurance solely in Florida since its founding in 2007, with a general focus on higher-value homes and a count of over 70,000 policyholders.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$2,959
Citizens Property Insurance Corporation is Florida’s state-run home insurer of last resort. It’s a non-profit entity that provides property insurance to state residents who are unable to obtain coverage in the traditional, private market.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$3,310
American Platinum Insurance Company, founded in 2011, is a subsidiary of Universal Insurance Holdings, offering home insurance coverage in Florida and Georgia. Policies are available exclusively through independent agents at Clovered.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$4,014
Established in 2006, Edison Insurance Company offers home insurance primarily in Florida through independent agents, like our team at Clovered. It was acquired by Florida Peninsula Insurance Company in 2010, although it still has its own book of business.
It’s Time to Switch Your Homeowners Insurance
We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.
Hudson Homeowners Insurance Coverages
The most common type of homeowners insurance is called the HO3 form, which protects you from over a dozen perils, also known as damage sources. Every HO3 policy contains the same coverages:
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage financially protects your home’s structure and components, like the roof, wall, floor, foundation, and more. |
|
Other Structures Coverage |
Other structures coverage guards fixtures on your property that aren’t attached to the main house, such as fences, sheds, detached garages, and pools. |
|
Personal Property Coverage |
Personal property coverage protects your belongings, including furniture, clothing, electronics, tools, jewelry, and more. |
|
Loss of Use Coverage |
Loss of use coverage covers living expenses, such as groceries and lodging, if your home becomes uninhabitable after damage from a covered peril. |
|
Liability Coverage |
Liability coverage offers protection if you’re found legally responsible for injury or damage to someone else by covering legal fees, medical bills, and more. |
|
Medical Payments Coverage |
Medical payments coverage helps pay for medical expenses if someone suffers a minor injury, regardless of fault. |
How to Get Home Insurance Quotes in Hudson
There’s a lot to keep track of when quoting. If you want help simplifying the process, don’t hesitate to reach out to our team at Clovered, an independent insurance agency based in Florida.
We have two main ways to help you with your homeowners insurance quotes in Hudson. Use our proprietary quoting tool to compare rates and find the right coverage completely online.
Or, if you’d rather speak with a licensed agent for help with your quote, call us at 833-255-4117 during business hours. You can also email us at agent@clovered.com with any questions.
It’s Time to Switch Your Homeowners Insurance
We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.
Hudson Home Insurance FAQs
Is homeowners insurance required in Hudson, Florida?
What factors affect Hudson home insurance rates?
The cost of home insurance in Hudson is influenced by many factors, from your property characteristics to your policy details. Property features that affect your premium include home age, size, location, and building materials. Policy features that affect your premium include coverage limits, deductibles, endorsements, and discounts.
Do you need flood insurance in Hudson, Florida?
You only need flood insurance in Hudson, Florida, if required by your mortgage lender, which will occur if your house is in a high-risk flood zone on Federal Emergency Management Agency (FEMA) maps. FEMA makes flood risk maps for the country. Lenders reference these maps and will require homeowners in high-risk areas to carry flood insurance in addition to homeowners insurance before issuing a mortgage.
Stay Above Water With Flood Insurance
Do you want to pay for costly and common flood damage yourself or have an insurance policy pick up the tab?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
