Average Riverview Home Insurance Cost by Company Home insurance provides protection for certain instances of water damage, but flooding isn’t included on that list. To be covered for floods, you need to have a separate Florida flood insurance policy in place. Since much of Riverview is located in some form of FEMA-designated flood zone, meaning there’s a high chance of experiencing flood damage at least once during the life of a 30-year mortgage, many residents may be required by mortgage lenders to carry flood insurance.
Key Takeaways
- The average home insurance cost in Riverview, Florida, is about $2,786 annually, which is just below the state average of $2,857 annually.
- The cheapest home insurance companies in Riverview, Florida, for our customers are Florida Peninsula, Heritage, and American Integrity.
- There isn’t one single policy or company that’s considered the best Riverview home insurance, but you can tailor your policy to best meet your unique needs.
Average Homeowners Insurance Cost in Riverview, Florida
The average cost of home insurance in Riverview, Florida, is $2,786 annually. When compared to Florida’s average rate of about $2.857, that’s not too bad, considering Riverview’s coastal location.
While Florida is one of the most expensive states for home insurance, largely due to high property values and hurricane risk, affordable rates aren’t impossible to attain. But average prices are just that — averages. A lot goes into policy pricing, including your coverage amounts, deductibles, and the insurance company you choose.
Our Riverview customers trust a range of insurers with their policies. Lucky for you, we can see exactly how much they pay for their premiums. So, here we’ve compiled our customers’ data and calculated average rates by company so you can get a better idea of what you can expect to pay for home insurance in this Florida city.
| Company | Average Premium |
|---|---|
|
Florida Peninsula |
$1,733 |
|
Heritage |
$2,231 |
|
American Integrity |
$2,425 |
|
Southern Oak Insurance Company |
$2,600 |
|
American Platinum |
$2,699 |
|
People’s Trust |
$2,821 |
|
Swyfft |
$3,084 |
|
Cypress Property & Casualty |
$3,169 |
|
Slide Insurance Company |
$3,541 |
|
Edison |
$4,171 |
|
Average |
$2,786 |
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Getting the Cheapest Homeowners Insurance in Riverview, Florida
If you’re searching for cheap Riverview home insurance rates, you might find that an insurer like Florida Peninsula, Heritage, or American Platinum has the best policy for your needs. For our customers, these insurers offered rates up to 40% below the city’s average.
Let’s take a closer look at these companies and just how much our customers save when they trust them with their policies.
Florida Peninsula
On average, our Riverview customers pay as low as 40% below the city’s average rate when they bind with Florida Peninsula. In addition to these considerable savings, customers may also be eligible for discounts for installing wind mitigation features or a security system in their homes.
Heritage
With Heritage, our Riverview customers save, on average, about 22% on their home insurance premiums. While Heritage doesn’t advertise its discount offerings, eligible customers may qualify for discounts through this insurer, like a wind mitigation discount, that can help lower their rates even further.
American Integrity
In Riverview, our customers who bind with American Integrity save, on average, about 15% on their home insurance premiums when compared to the city’s average rate. American Integrity offers plenty of discounts for qualified customers. The insurer offers discounts for features you may have on your home, like wind mitigation measures or a security system. They also offer discounts for seniors, military members, and those who bundle multiple policies.
How To Get the Best Home Insurance in Riverview, Florida
Getting the best Riverview home insurance isn’t a matter of finding the single best policy, but instead, it’s a matter of figuring out how to tailor a policy to best fit your needs. The best policy will be one that suits your coverage needs without breaking the bank, which always looks different for each policyholder.
Once you decide what you value most from your policy, which typically boils down to cost or coverage, you’re ready to gather quotes and compare policies from different insurers.
Each insurer is a bit different. They may differ in their approach to customer service, the regions they serve, and their underwriting practices. Here we’ve included some basic information about the insurers our customers trust with their policies, so you can make the most informed decision about yours.
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
$1,733
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.
Heritage
Demotech Rating
A
NAIC Complaint Index
0.78
Average Premium
$2,231
Heritage Property & Casualty Company is a regional insurer created in 2012, licensed to operate in several states, including many on the East Coast and California. It’s publicly traded on the New York Stock Exchange.
American Integrity Insurance
Demotech Rating
A
NAIC Complaint Index
1.48
Average Premium
$2,425
Established in 2006, American Integrity Insurance has become one of the five largest home insurers in Florida with over 300,000 policyholders in the state. Since its founding, the company has expanded its coverage to Georgia and South Carolina and gone public, trading on the New York Stock Exchange.
Southern Oak Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.20
Average Premium
$2,600
Southern Oak Insurance Company is a private home insurer that has been providing coverage to state residents since 2004. Its policies are primarily available only in Florida through a statewide network of independent agents, such as Clovered.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$2,699
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.
People’s Trust
Demotech Rating
A
NAIC Complaint Index
1.44
Average Premium
$2,821
People’s Trust Insurance Company was established in 2008 and offers home insurance exclusively in Florida. The company prides itself on its business model, which differs from most carriers in that it retains a network of preferred contractors for claims.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$3,084
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
Cypress Insurance Group
Demotech Rating
A
NAIC Complaint Index
0.77
Average Premium
$3,169
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.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$3,541
Slide Insurance Company was founded in 2021 and began operations offering home insurance in 2022. Available in Florida and South Carolina, the company currently has over 300,000 policyholders in the Sunshine State, making it one of Florida’s largest.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$4,171
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.
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What Does Homeowners Insurance in Riverview, Florida Cover?
From unexpected perils involving Mother Nature, like hurricanes and tornadoes, to mostly human-caused perils like fires, burglary, and water damage, your homeowners insurance in Riverview, Florida, covers your house and personal belongings while giving you the utmost peace of mind.
|
Coverage |
Definition |
|---|---|
|
Dwelling Coverage |
Dwelling coverage helps you cover the components that make up your home’s structure from damage caused by a covered peril. This may include your foundation, roof, fireplace, windows, and much more. It’s sometimes called Coverage A. |
|
Other Structures Coverage |
Other structures coverage protects the elements of your property that aren’t attached to your main home if a covered peril damages them. These elements may include structures like a fence, shed, carport, detached garage, or pool. It may also be referred to as Coverage B. |
|
Personal Property Coverage |
Personal property coverage can help protect all the items you store on your property if a covered peril damages them. This may include items like your porch furniture, appliances, or your closet full of designer shoes. It’s also known as Coverage C. |
|
Loss of Use Coverage |
Loss of use coverage may help you cover expenses if your home becomes unlivable due to damage from a covered peril. It may help you pay for necessities like lodging, groceries, or gas. It may sometimes be called Coverage D. |
|
Personal Liability Coverage |
Personal liability coverage may help you if you’re found liable for a guest’s injuries on your property or for damage to someone else’s property. You may be able to use this coverage for legal fees or medical expenses. It can also be called Coverage E. |
|
Medical Payments Coverage |
Medical payments coverage may cover medical expenses if a guest sustains minor injuries on your property. It’s sometimes known as Coverage F. |
How to Get Home Insurance Quotes in Riverview, Florida
If you’re interested in gathering Riverview home insurance quotes, you’ve come to the right place. Here at Clovered, we’re one of the top home insurance agencies in the state. We partner with some of the top insurers in Florida to provide everyone with an excellent policy at an affordable price.
Simply enter a few details about your home in our online quoting engine, and we’ll do the rest to get you a policy in just a few minutes. You can also reach one of our licensed agents or service members Monday through Friday from 8:30 a.m. to 6 p.m by calling 833-255-4117 or by emailing them anytime at agent@clovered.com.
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.
Riverview Home Insurance FAQs
Do I need flood insurance in Riverview, Florida?
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.
