+120 more)
Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
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Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
Finding home insurance in Tampa means navigating an insurance market where the average homeowner spends $407 per month. But home insurance companies don’t all see risk the same way. Home insurance premiums can swing high or low depending on the company you choose (among other factors).
That’s why comparing home insurance quotes is essential. Our data shows that State Farm offers the cheapest rates in Tampa, at $388 per month.
But going for the lowest price without understanding the details can affect your coverage. Here’s what you need to know about homeowners insurance in Tampa, including factors that affect your costs and where to find the cheapest rates.
Citizens, Florida Peninsula, and Chubb are the best insurers for Tampa homeowners.
Home insurance policies don’t include flood or sinkhole coverage, so ask about extra insurance if you’re at risk.
Tampa’s coastal setting and hurricane exposure increase property insurance costs and make policies harder to find.
Finding the best home insurance company in Tampa isn’t an easy task. No single best option exists. Your needs in Westchase aren’t the same as someone’s in Hyde Park, for example. We picked the three insurers below based on average rates, discounts, customer satisfaction, and policy options important to Tampa homeowners.
Covers homes that other insurers won’t
State-backed financial support
Discounts to keep costs in check
Fewer coverage choices
Longer application process
Potential surcharges after major disasters
Citizens is a safety net for older homes that struggle to get homeowners coverage. With over half of Tampa homes purchased in 2024 being built before 1995,[1] Citizens steps in when other insurers say no or offer unaffordable premiums.
To help keep costs low, you can get discounts for things like wind-mitigation inspections, roof construction, and monitored fire and security systems.
But keep in mind that Citizens is legally allowed to charge a special assessment if a major storm leaves it without enough funds to pay claims.
Agents all over Tampa
Three hurricane deductible choices
Customizable policy options
Customer satisfaction varies
Fewer digital tools
No AM Best financial strength rating
Florida Peninsula understands first-time Tampa homeowners. As Florida’s fourth-biggest home insurer, it has agents from South Tampa to Wesley Chapel to help you build coverage that fits your needs.[2]
You can also choose from different hurricane deductibles and upgrade your policy with add-ons like equipment breakdown and service line coverage, carports, and flood insurance.
Chubb| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 3.9/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $749/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $1,223/mo |
Chubb understands the special needs of Tampa high-end property insurance. It offers coverage for valuable items like fine art, jewelry, and collectibles, with limits reaching $50,000 per item. The company also offers bundling discounts for combining insurance products.
Plus, Chubb ranks in the top spot for customer satisfaction in the J.D. Power 2024 U.S. Home Insurance Study.[3]
Full replacement cost coverage without depreciation
Coverage for high-end art and valuables
Strong financial ratings[4]
Quotes not available online
May not be the cheapest option
Less policy flexibility
Find rates as low as $388 per month.
Despite the average cost of home insurance, Tampa homeowners often discover significant price differences when collecting quotes. Home insurance rates in Tampa can vary widely between companies — sometimes by hundreds or even thousands of dollars.
While Florida’s home insurance market has faced challenges in recent years, rate hikes have started to slow down.[5] Still, taking the time to shop around for home insurance can help you find the best deal.
Check out the cheapest home insurance companies in Tampa for $300,000 homes, according to Compare.com data.
Company  | Average Monthly Premium |
|---|---|
| State Farm | $388 |
| Nationwide | $534 |
| Allstate | $541 |
| Chubb | $783 |
Your Tampa home’s dwelling coverage drives your property insurance bill more than you might expect. A $300,000 Seminole Heights fixer-upper won’t cost nearly as much to insure as a $575,000 Ballast Point waterfront property. More expensive homes typically have premium materials and custom finishes that cost more to repair or rebuild after a hurricane.
The chart below shows the average monthly premiums for different dwelling coverage amounts in Tampa, according to our research.
Home Value | Average Monthly Premium |
|---|---|
| $200,000 | $284 |
| $300,000 | $407 |
| $400,000 | $524 |
| $500,000 | $640 |
| $750,000 | $922 |
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While the amount of coverage you need for your house certainly matters when insurers calculate your home insurance premium, it’s far from the only factor insurers consider. Tampa’s location along Florida’s coast, weather risks, flood zones, and your policy choices affect what you’ll pay.
Let’s take a closer look at key factors that influence your home insurance costs in Tampa.
Insurance companies evaluate details about your home to determine the likelihood of property damage and repair costs. Here’s an overview at some of the things they look at:
Age: Older homes typically cost more to insure due to outdated plumbing, wiring, and building materials that increase the risk of potential claims
Construction type: Concrete block homes generally get better home insurance rates than wood-frame construction due to better storm resistance.
Roof condition: Insurers see an older roof as a claim waiting to happen, which will increase your insurance rate.
Size: Larger homes can cost more to rebuild, directly translating to higher coverage limits and premiums.[6]
Features: Pools, detached structures, and luxury upgrades increase replacement costs and liability risk.[7]
Safety upgrades: Alarms, sprinkler systems, and storm shutters can earn you discounts on your home insurance.[8]
Home insurers look at location data, including your area’s flood risk and insurance claims history, to figure out the risk profile of your specific address. These factors also play a role:
Hurricane exposure: Living in an evacuation zone or close to the coast can lead to higher premiums.[9]
Flood zone: If you live in a high-risk flood area, you may need separate flood insurance.
Fire protection response time: Proximity to a fire station and hydrants matters. The closer you are to these, the lower your premiums.
Claims history: Areas with frequent claims can cost more to insure.
Your coverage choices affect what appears on your statement and the protection you receive when navigating the claims process. Here are a few things to consider:
Payment plan: Paying annually is usually cheaper than paying monthly.
Deductibles: Choosing a higher deductible can lower costs, but it means paying more out of pocket if you file a claim.
Coverage limits: Higher limits give you more protection but cost more, so choose limits that balance your coverage needs with costs.
Coverage add-ons: Extras like sewer backup or jewelry coverage can raise your rates.
Bundling: Buying your home and auto insurance policies with the same company can earn you discounts.[10]
Insurance companies also look at your personal details when setting quotes for home insurance policies. These include:
Credit history: Florida insurers factor credit into pricing, with better scores earning lower premiums.[11]
Claims history: Previous insurance claims — even from other properties — can affect your home insurance rates.
Continuous coverage: Insurance gaps are red flags to companies. Keeping your property insurance active without lapses reflects responsible ownership.
Multiple homes: Owning a second home can cost more — especially if it sits vacant for part of the year.
Structures: A standard home insurance policy protects the house itself as well as attached garages and carports — both popular in Tampa. It typically includes coverage for hurricanes, fires, and other disasters.
Personal property: The personal property portion of your policy protects everything inside your home, including furniture, electronics, clothes, and kitchen items.
Liabilities: Personal liability insurance kicks in if an injury occurs around your pool or elsewhere on your Tampa property, or if you accidentally damage someone else’s belongings.
Living expenses: Most policies also include coverage for additional living expenses, which pays for hotels, meals, and other costs if storm damage forces you out of your home temporarily.
Florida’s standard homeowners policies come with some notable exclusions. Know what your coverage doesn’t include so you’re not caught off guard.
Flood damage: Water damage from flooding requires separate flood insurance through the National Flood Insurance Program (NFIP) or a private insurer.
Sinkhole damage: Most policies don’t cover sinkhole-related claims unless you add it specifically.
Maintenance and upkeep: Your policy doesn’t cover damage from issues like leaky roofs, rotting wood, or termite infestations.
Sewer backups: Protection for drain and sewer overflows may be available as an optional policy endorsement.
Mold damage: Tampa’s humid weather creates ideal conditions for mold, but many policies limit or exclude mold-related claims.
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Homeowners in Tampa face a variety of natural risks, including hurricanes, storm surge, flooding, tornadoes, and severe thunderstorms with hail and lightning. Fortunately, standard homeowners insurance typically covers hurricane-related wind damage, hail, lightning strikes, and even tornadoes, but it doesn’t include flood coverage.
Since Tampa is prone to water damage from storm surges and heavy rainfall, you’ll want to consider adding a flood insurance policy.[12]
Wildfires can occasionally threaten the area during dry spells, but insurers generally pay for wildfire damage. The key is understanding what your policy includes and what requires separate coverage before a disaster strikes.
Compare quotes and get the coverage you need at the best price.
Here are the answers to the most common questions Tampa homeowners have about home insurance.
Our data shows that Tampa homeowners typically pay around $407 per month for home insurance coverage. But your actual quote depends on your home’s value, location, and coverage limits.
No single company works best for everyone. But our research shows that Citizens, Florida Peninsula, and Chubb are solid options in Tampa. The best home insurance company for you depends on your situation.
Insurance can be pricey if you’re in a high-risk area for hurricanes or floods or own a high-value Tampa home. Comparing home insurance rates from multiple companies can help you spot the best deal for your needs.
Citizens Property Insurance has the largest market share in Florida. The not-for-profit company is the state’s insurer of last resort,[13] stepping in when private companies won’t offer coverage or charge too much.
Home insurance costs are rising in Florida due to factors such as higher construction and labor costs, worsening storms caused by climate change, and excessive property insurance lawsuits.[14]
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Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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