How much does the Average Tampa Homeowners Insurance Cost?

By Adams Bridges

Homeowners insurance is the best method to keep your biggest valuable investment safe against man-made disasters or any climate perils your dwelling vulnerable to. If you are a resident in Tampa, buying a homeowners insurance policy is more important to protect your home against hurricane, flood or thunderstorms. The insurance companies take Tampa as a highly-risk area. Therefore it isn't easy task to find affordable homeowners insurance in Tampa.

You have a chance after reading this article to buy lower homeowners insurance policy, if you figure out the elements determine the homeowners insurance cost in Tampa. Some of those elements are unchangeable like the distance between your home and the coast, the far your home from coast the low your premium will be. On the other hand you have a full control over other elements like raising your home safety by fixing sprinklers and deadbolt locks which leads to decreasing your homeowners insurance cost.

According to a study was held by NAIC in 2007, the average premium cost was $1830 in Tampa. This is due to the raising of all Gulf States insurance rates after hurricane Katrina. All homeowners insurance companies decided to double the insurance cost or may reduce their business in these highly-risk states. But you still have a good opportunity to find affordable deal by surfing the internet comparing online quotes and get homeowners insurance policy in Tampa.

Although the homeowners insurance cost in Tampa is very expensive, you can lower your premium 25% by increasing your deductible which is an amount of dollars you pay before the insurance company start to pay you if you file a claim and that will minimize the probability of filing a claim and minimize you premium amount. You can decrease your insurance cost if you buy health and auto insurance policies from the same provider. In other words in case you benefit from multi-policies discount.

If you have a trampoline, a swimming pool or a dangerous pet like a German shepherd. That will raise your premium. Because your home will be rated as a high-risk place, in case one of your guests gets injured and the insurance company pays for liability.

The discounts homeowners insurance companies offer to their clients are different from company to another, you have to ask your agent about the discounts that you may eligible for to be sure you minimize your homeowners insurance premium.