Tower Hill Signature has the cheapest average monthly rate for home insurance in Jacksonville, Florida, at $104 a month. United has the next-most affordable rate at $109 a month.
Both of these providers offer rates that are cheaper than both the Florida state and national averages. However, not all homeowners have the same insurance needs. Finding the best coverage to fit your needs at the best price requires some comparison. We'll help you find the home insurance policy you need at the cheapest price.
In this article
What are the cheapest home insurance companies in Jacksonville?
Jacksonville homeowners pay the cheapest rates for insurance with Tower Hill Signature at $104 a month. United has the city's second-lowest rate at $201 a month.
| Company | Monthly rate |
|---|---|
| Tower Hill Signature | $104 |
| United | $109 |
| Universal | $138 |
| Progressive | $143 |
| Homeowners Choice | $148 |
| Heritage | $151 |
| Liberty | $155 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Compare rates from top home insurance companies
How much is home insurance in Jacksonville?
The average cost of home insurance in Jacksonville is $135 a month. This is 33% cheaper than the Florida average homeowners rate of $201 a month. Home insurance companies take many different factors into account when calculating your quote. These include:
- The home's age
- Construction materials used
- Your home's ZIP code
- Your insurance history
A standard home insurance policy will vary little from provider to provider in terms of coverage. Rates differ between companies because they place different weights on the risk factors used during quote calculation. As an example, one company may put a higher risk weight on the age of your home than another company.
Compare quotes from multiple providers to find the best combination of cost and coverage as well as make sure you're not overpaying for home insurance. Seeing many different quotes side by side gives an excellent overview of policy offerings from different insurers, helping you get the best deal possible.
Flood insurance in Jacksonville
Flooding is an annual threat all over Florida, and Jacksonville is no different. If you live in a Special Flood Hazard Area (SFHA) and have a federally-backed mortgage, the U.S. government requires you to have flood insurance. Even if you don't meet these criteria, your mortgage provider could require you to carry flood insurance for the duration of your mortgage.
The average cost of flood insurance in Florida is $629 a month. Your rate will depend on the particular flood zone your home is in. FEMA provides an online tool to help you find your zone.
What are Jacksonville's best home insurance companies?
We found Tower Hill Signature and Progressive to be the best homeowners insurance companies in Jacksonville. Here's why:
Tower Hill Signature: Best local provider
Established in 1972, Florida-based Tower Hill Signature not only provides the cheapest home insurance rates in Jacksonville, it also has some of the best financial stability and customer satisfaction ratings of providers operating in the city.
Demotech gave Tower Hill Signature an A (Exceptional) rating, which reflects a company's financial strength. It also has a rating of 0.36 in the National Association of Insurance Commissioners (NAIC) Complaint Index. The Complaint Index reflects an insurance company's ability to resolve claim issues, such as payout and resolution time. The lower a company's index rating, the better. The national average index rating is 1.0, putting Tower Hill Signature in a strong position.
Progressive: Best discounts
While Progressive's average rate in Jacksonville is slightly higher than the state average, it offers the best range of discounts to considerably decrease your annual premium. These include:
New home: The more recently your home has been built, the bigger a discount you can get. Also, if you're a new home buyer switching from a renters insurance to a home insurance policy, you can get a discount.
Bundling: Bundling your home and auto insurance with Progressive can save you an average of 5% on your annual insurance costs.
Advance quote: If you get a home insurance quote 10 days before the policy start date, you can lower your premium.
Security: If you install burglar or fire alarms, cameras or other security systems, you can get a discount on your home insurance.
Full payment: Paying for a full year of auto insurance coverage can lead to lower rates.
On top of low rates, Progressive also is known for offering good customer service. The company has a 0.2 rating on the NAIC Complaint Index. Furthermore, it holds an A+ (Superior) rating with A.M. Best for financial strength.
Methodology
We collected quotes from every ZIP code in Jacksonville from the following home insurance companies:
- Heritage
- Homeowners Choice
- Liberty
- Progressive
- Tower Hill Signature
- United
- Universal
Average rates for a standard HO-3 homeowners insurance policy we calculated using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Car insurance by city
- Jacksonville
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.