2023-2024 Home Insurance Cost in Tampa Area? (Riverview, Ruskin: for sale, car insurance)

[Ghost Town]

Hello.
I am considering moving to Tampa or St Petersburg FL in next few months.

House budget: 300K.
I know, that's not much but it is what it is.

I am trying to figure out expenses in Tampa.
And home insurance is the major question.
Here in Houston this year I paid about $1600 for 330K house built in 1991.

In Tampa I am looking for a smaller house built in early 2000s to 2020s, not that old.

Any ideas how much the insurance cost could be?

Also any ideas regarding auto insurance cost Tampa vs Houston?

Thanks in advance!

[sinatras]

Originally Posted by Ghost Town

Hello.
I am considering moving to Tampa or St Petersburg FL in next few months.

House budget: 300K.
I know, that's not much but it is what it is.

I am trying to figure out expenses in Tampa.
And home insurance is the major question.
Here in Houston this year I paid about $1600 for 330K house built in 1991.

In Tampa I am looking for a smaller house built in early 2000s to 2020s, not that old.

Any ideas how much the insurance cost could be?

Also any ideas regarding auto insurance cost Tampa vs Houston?

Thanks in advance!

This question is difficult to answer because some people are paying outrageous amounts here for auto and home. Others are paying less. It all depends on your property (age, size, construction type etc.), location in Fla., your car, driving record, credit score, the whim of the insurance companies, hurricanes, and a zillion other things. A homeowners premium as low as $1600 for a SFH is practically unheard of in my area of Tampa.

I can tell you that the trend is that insurance companies think Florida is an extremely high risk state (due to climate and car accident litigation) and the premiums here are skyrocketing for many.

[HWTechGuy]

There is a wide swing. You may be able to attempt to get a quote for a home you are interested in to get an idea. Distance from the coastline, age of house, age of roof, type of roof, and other construction details.

Some are putting their homes up for sale because their insurance company threatened to drop them unless they replace the roof. I am paying over $8K for my home insurance in 2024. For 2023 it was half that. I think next year they will make me replace the roof due to age. I had it inspected and there is not a thing wrong with it.

[FL_Expert]

It can vary a lot. I suggest shopping with a good broker (which are hard to find), buying something newer. And whatever you do, be sure to purchase in Flood zone X so you won’t be required to carry flood insurance. That’ll be an extra $1,200 per year minimum.

I always max out my deductibles and that helps a lot.

[gypsychic]

As others have already mentioned, it will vary for each specific property. When you find one you are interested in making an offer on, you will need to get a quote from a insurance agent. We here can't really help you with that. Newer is better than older, inland is better than coastal, block better than frame, flood zone, roof style and on and on. Bottom line, expect very high rates. And older homes will also need to pass a four point inspection to get ANY insurance at all.

Good luck!

[Ghost Town]

Thanks everyone.
I am looking for a newer construction, not older than 2001.
And only concrete block structure.
Riverview, Ruskin, Apollo Beach.
High insurance cost seems scary, but I will work on that.
Of course I am also looking for a newer roof and AC.

[Ghost Town]

Regarding car insurance I didn't expect it to be higher in FL, as Texas is the most dangerous state. But good to know.
Will adjust my expectations

[FL_Expert]

Originally Posted by Ghost Town

Thanks everyone.
I am looking for a newer construction, not older than 2001.
And only concrete block structure.
Riverview, Ruskin, Apollo Beach.
High insurance cost seems scary, but I will work on that.
Of course I am also looking for a newer roof and AC.

Coincidentally, I just checked mine and it was only $1,400. That said, I was recently quoted nearly $20k on an older property and lucked out to only pay $6k using Citizens.

Good luck, finding good deals on insurance is a continual challenge.

[Ghost Town]

Originally Posted by FL_Expert

Coincidentally, I just checked mine and it was only $1,400. That said, I was recently quoted nearly $20k on an older property and lucked out to only pay $6k using Citizens.

Good luck, finding good deals on insurance is a continual challenge.

$1400 sounds encouraging!
In Texas I shop for better rates every year

[ocnjgirl]

Originally Posted by Ghost Town

Thanks everyone.
I am looking for a newer construction, not older than 2001.
And only concrete block structure.
Riverview, Ruskin, Apollo Beach.
High insurance cost seems scary, but I will work on that.
Of course I am also looking for a newer roof and AC.

It will also depend greatly if you are looking inland, or trying to get close to water.