Homeowners Insurance Quotes in Pensacola, FL

What You Should Know About Home Insurance in Pensacola

Pensacola is the county seat of Escambia County as well as its only city. The city became part of the United States in 1821 and an official municipality in 1822. Located on the Florida panhandle and 59 miles east of Mobile, Alabama, Pensacola includes 50 miles of coastline and covers just under 23 square miles of land.

Tourism, the military, healthcare, and manufacturing are significant components of the local economy. The city is also home to Pensacola State College and the University of West Florida. Residents and tourists enjoy such attractions as the National Museum of Naval Aviation, Fort Barracas, and the Historic Pensacola Village, which covers 8.5 acres and 450 years of history in the way of restored buildings and interactive exhibits. The city is the home base of the Blue Angels flight team at the area’s United States Naval Air Station. Pensacola is also a popular city for artists as well as those working in computers and math. Almost 55,000 people live in Pensacola.

If you are one of these residents, you will need the best homeowners insurance in Florida to protect your home, whether in Treasure Hill Park or any other Pensacola neighborhood. The InsureOne agents will provide you with white glove service to build your customized policy that features notable cost savings.

How Much Does a Homeowners Insurance Policy Typically Cost in Pensacola?

The price for homeowners insurance depends on a variety of factors, residence location being one of them, which means you may pay a different rate than a Pensacola resident in a different zip code.

Pensacola residents pay lower rates for homeowners insurance than the national average, as shown in the chart below:

Dwelling Insurance Total	Average Annual Cost in Pensacola	Average Annual Cost Nationwide
$300K	$1,888	$2,582
$600K	$3,562	$4,140
$1 million	$5,775	$7,380

We arrived at these numbers by using the cost of dwelling coverage, a $100,000 liability and a standard $1,000 deductible.

How Do Home Insurance Deductibles Change Insurance Rates in Pensacola?

A deductible is the amount you agree to pay should you need to file a claim. Although a higher deductible will give you a lower rate, it excludes you from filing claims under that amount. It also means if you file a claim, you will need to have that amount available to pay toward the damage before your insurer pays.

For example, if your deductible is $2,500 and your house has $2,000 worth of damage ($500 below your deductible), you will need to cover the cost yourself (without filing a claim). If your damage is $3,000, your insurance will pay $500 after you pay the initial $2,500.

When deciding on your deductible, consider how much money you have available to pay for damage. Also, consider your risk of filing a claim, such as whether you live in an area more prone to property crime or natural disaster. Deductibles commonly fall in the $500 to $2,500 range, but some insurers may offer higher deductibles or the opportunity to designate a percentage of your coverage as your deductible.

Your expert InsureOne agent can provide all the specifics about deductibles and how they apply to your situation.

Is Home Insurance Tax Deductible in Pensacola?

Homeowners insurance is generally not tax deductible in Pensacola or anywhere else in Florida. However, there are a few exceptions where you may be able to claim your insurance or at least part of it:

• You rent out a room in your personal home as a business endeavor
• You designate space in your home as a business office
• You designate space in your home to store business supplies
• You own another home you rent out as a business
• You have experienced an insurance claim denial for property loss

Your tax professional can answer any questions about your unique situation and how it applies to the current tax laws.

Does Pensacola Have the 80% Homeowners Insurance Rule?

Ensuring you have enough property coverage is your agent’s priority. That is why most insurers follow the 80% rule, which is an industry standard rather than a law. The 80% rule means your $500,000 home would require $400,000 (80% of $500,000) worth of coverage to cover damage from such events as the Pensacola wind.

Your agent will adjust your policy at renewal time to make sure you have the proper coverage. If you make any upgrades, such as renovating the bathrooms in your East Hill home or anywhere else in Pensacola, be sure to notify your agent to see if your policy needs adjustment. Your InsureOne agent will provide concierge service to ensure you have the appropriate coverage at competitive rates.

Bundling Home and Auto Insurance in Pensacola

If you would rather be doing anything other than shopping for insurance, ask your agent about bundling. This means if you need more than one type of insurance, such as home and auto insurance, you can buy them both with one carrier, so you can get back to the things you enjoy, like lounging in the sand at Gulf Islands National Seashore.

Bundling your home and auto coverage saves you money, too — up to 25% off your coverage. Your agent can also bundle other types of coverage, like motorcycle or boat insurance. InsureOne is your one-stop shop for personalized service and high-quality coverage options with significant cost savings.

What Weather Affects Home Insurance Costs in Florida?

Hurricanes, with their high winds, severe rainfall, and storm surges, are the most prevalent weather events affecting home insurance in Florida. The increased risk of losses from hurricanes has increased statewide insurance costs, with some residents finding coverage difficult to obtain in the Sunshine State.

Precautions you can take to protect your home, such as installing hurricane shutters, impact-resistant windows, and securing your roof trusses with hurricane ties, may give you a discount on your rates. It is also important to secure items around your home, such as patio furniture, garbage cans, and grills, which can cause extensive damage if caught in high winds. Ask your agent about whether these protective devices would earn you a discount.

What Are the Different Types of Homeowners Coverage Offered in Pensacola?

Where you live matters not only to you but to your insurance company. Your home type will be reviewed to decide which of the eight standard types of coverage best suits your needs.

Here are four of those coverage options:

• HO-1 policy: A basic coverage plan for single-family homes covering damage from 10 perils, including wind, hail, theft, and aircraft.
• HO-5 policy: This is the highest level of coverage with few exclusions for single-family homes. If you own a new construction home, your agent may recommend this coverage.
• HO-6 policy: This policy is for condos and co-ops. It is referred to as “walls-in coverage” because it covers your walls, floors, and ceilings. It includes other coverage, such as for your personal belongings and additional living expenses.
• H0-7: This policy covers mobile homes and any damage that is not listed as an exclusion in the terms. The policy is for stationary mobile homes rather than those in transit.

Your InsureOne agent can explain these coverage types and the other four in more detail to make sure you get the right coverage for your unique situation.

What Is the Most Common Type of Home Purchased in Pensacola?

About 64% of the approximately 25,000 Pensacola homes are owner-occupied. The median cost of these homes is just over $355,000, with over 70% of the area’s inventory falling into the single-family detached home category, many of which have three or four bedrooms. Statistics show that about 61% of residents own their homes, while the remainder rent.

The area’s natural beauty and healthy economy make Pensacola a desirable place to live, with a home appreciation rate that reflects its popularity. No matter where you live in Pensacola, whether Sanders Beach, Bayou Grove, or any of the other outstanding neighborhoods, make sure you have the best homeowners insurance coverage for those unexpected events life may throw your way.

Which Common Natural Disasters Are Covered by Home Insurance in Pensacola?

Be sure to understand what your policy covers before you ever need to file a claim. Some policies may not cover certain perils that other policies do cover.

Your Pensacola policy may cover the following natural disasters:

• Windstorms: High winds may stem from hurricanes or tornadoes. It is likely your coverage includes damage from these winds.
• Water damage: Your policy may cover damage from rainwater that blows through your roof. However, most basic policies require a rider for flood damage, such as from storm surge.
• Lightning storms: It is likely your policy covers damage from lightning strikes, including fire.
• Hailstorms: Large hailstones can cause significant structural or other damage. Your policy likely covers this damage.

Confirm with your agent which natural disasters your policy covers. Your agent will provide top-tier service by explaining your choices and helping you find the right coverage.