With attractions like Siesta Key and Longboat Key, Sarasota is a great place to put down roots. While the cost of living in Sarasota is about 9% higher than the Florida average, the trade-off is a small-town feel with all that a big city offers.
And when it comes to homeowners insurance, Sarasota can be less expensive than many other Florida cities. Sarasota is less prone to hurricanes than other southern and eastern beach cities, resulting in somewhat lower premiums than many other hotspots.
Let’s look at how to find affordable homeowners insurance for your Sarasota home.
Sarasota home insurance costs
The average annual cost of homeowners insurance from admitted carriers in Florida is $3,600, according to the most recent data from the Florida Office of Insurance Regulation. And because Sarasota has historically suffered less property damage from hurricanes than many other coastal areas, home insurance premiums may be lower than the statewide average.
However, fewer hurricanes doesn’t translate to no hurricane risk. In fact, Risk Factor says the city has an extreme wind risk, mostly due to the likelihood of hurricanes and tropical storms.
Every home is different, which means every insurance policy is different, too. Any endorsements added to the policy will ultimately impact your costs. For example, flood insurance can be added to policies, as can animal liability coverage.
Every home is built differently. Your Kin quote will consider the size, age, and construction materials used in making your home. For older homes, you can see that investing in wind mitigation features, such as a reinforced roof, can potentially save you hundreds of dollars every year.
How Kin helps homeowners save
Kin helps homeowners save on home insurance in a number of ways. First, we use publicly available insurance data specific to your home to find the most accurate premiums.
Second, the policies we sell offer homeowners several discounts, including ones for:
You can also lower your premium by choosing a higher deductible. The policies we sell offer homeowners multiple standard deductible levels ($500, $1000, $2,500, $5,000, $10,000, $25,000, $50,000). Levels for your separate hurricane deductible include a flat-rate deductible of $500 or a percentage deductible of your Coverage A limit (1%,2%, 3%, 5%,10%).
Just remember that you want to pick deductibles you can afford even after a catastrophic event.
Taken together, we’re able to save our customers an average of over $900 when they switch to Kin.*
Covering specific risks in Sarasota
Home insurance can cover losses from fire, wind, vandalism, and theft, which is a good thing considering Sarasota has one of the highest crime rates in the state. Here are some other special coverage situations to keep in mind as you shop for coverage.
Sarasota hurricane coverage
Sarasota is vulnerable to storms from the Gulf of Mexico because of its location on the central western shore of Florida. While October usually sees the most hurricane activity, hurricane season starts in June and ends in November. Sarasota and surrounding towns tend to avoid direct hits from storms like Hurricane Irma because the storms usually land south of the city and travel east.
Even though Sarasota has been lucky in recent years, it still feels the effects of the storm. Hurricane insurance pays for claims resulting from the high winds of the storm. That’s why wind mitigation measures help reduce your insurance rate.
Sarasota flood insurance
Many Sarasota homeowners may be required to have flood insurance by their mortgage lenders. The barrier islands, shoreline, and homes along the canal have the highest risk of flooding.
It doesn’t take much water for thousands of dollars of damage to be done. Even an inch of water can be disastrous for structures and personal property. Luckily, the flood endorsement we offer doesn’t have the same coverage restrictions and limits as NFIP policies.
Frequently asked questions about home insurance
Looking for more details on how home insurance works? Check out these helpful guides:
Home insurance guides for Florida cities
How to get home insurance in Sarasota
To get a quote for homeowners insurance in Sarasota, call 855-717-0022 to speak with one of our experts or enter your address to get a free quote now.
*Customers who switched to Kin report annual savings of $977 on average. Based on Kin Customer Savings Survey conducted January 2023 - December 2023. Potential savings may vary.
