Best homeowners insurance in Ocala, FL for 2022

We looked at average costs, coverages availability, and customer satisfaction ratings to find the best homeowners insurance companies in Ocala.

Jessica Olivo

By

Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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Ocala, Florida sees comparatively fewer destructive storms and hurricanes than its neighbors, making the price of homeowners insurance more affordable than the state average. 

The average cost of homeowners insurance in Ocala is $1,945 per year or $162 a month. This is around 26% lower than the statewide average of $2,643 per year, and about 2% higher than the national average of $1,899. 

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However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Ocala.  

Best homeowners insurance companies in Ocala

Of the companies we evaluated, Tower Hill has the lowest rate with an average yearly cost of $996, which is below both the city and state averages. The next cheapest home insurance policy is with ASI Progressive, who also scored well with J.D. Power in customer and claim satisfaction. Customer satisfaction is an important aspect of any insurance company to make sure you’re getting a good value for your money.

Policygenius analyzed thousands of quotes from the 5 largest Ocala insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Ocala residents to find the best homeowners insurance in Ocala.

Company

Average yearly cost

J.D. Power Rating

Universal Property

$1,669

--

Citizens

$4,308

--

State Farm

$2,051

835

Tower Hill

$996

--

ASI Progressive

$1,141

821

Universal Property

Universal Property logo

Universal Property is a Florida-based insurance company that provides a relatively standard, but solid home insurance policy. It's an especially good option if you have lots of animals on your property thanks to its special animal liability coverage.

Pros

  • Covers homes that are generally more difficult to insure

  • Excellent coverage add-ons, such as replacement cost contents, water backup, equipment breakdown, and service line coverage

  • Special animal liability coverage available in case your dog or another animal on your property injures someone

Cons

  • Customer reviews complain of a poor claims experience

  • Doesn't offer increased dwelling coverage

  • Minimal discount opportunities

Why Universal Property tops our best list

When you need to make a claim, Universal Property’s “fast track” team will ensure you get your payment as soon as possible so you can put your home, and your life, back to normal. Their quick prioritization of your claim means you could have your money on the spot.

How to get a quote

Online through Universal Property

Citizens Insurance offers basic home and wind-only insurance coverage for homes in high-risk coastal areas of Florida. If you're having a difficult time finding a company to insure your home, Citizens is a decent last-resort option.

Pros

  • Provides homeowners insurance to high-risk homes that are often denied coverage by private insurers

  • Offers wind-only policies

  • Sets up catastrophe response centers after natural disasters to offer in-person support to homeowners without power or means of communication

  • File claims over the phone or online 24/7/365

  • Low customer complaint ratings in 2020

Cons

  • Rates are around 15% higher than the state average

  • Limited additional coverage options

Why Citizens tops our best list

While Citizens Insurance is more expensive than other companies, they provide insurance to Florida residents who have been turned down by traditional insurers. Since no one should risk being without an insurance policy, Citizens is a solid option for high-risk homeowners. 

How to get a quote

Contact a Citizens Insurance agent through their website

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

While getting the lowest price for the policy you want is important, receiving quality customer service should be high on your list of what you’re looking for in an insurance company. State Farm’s high customer satisfaction ratings consistently put them at the head of the pack for service. Their mobile app and comprehensive website make it easy to file and track claims and their agents are always by the phone if you need to call with questions. 

How to get a quote

Online through State Farm

Tower Hill

Tower Hill logo

Tower Hill stands out thanks to its robust flood insurance options and contractor network program that makes repairing your home after a natural disaster as seamless as possible.

Pros

  • Offers 3 flood insurance options, including a private flood endorsement and standalone policy

  • Contractor network program for easy repairs that come with a 5-year warranty for workmanship

  • Lower-than-average customer complaints according to the NAIC

Cons

  • Little information about discounts or coverage options available online

Why Tower Hill tops our best list

Tower Hill makes it a priority to get customers the coverage they need. Its dwelling coverage offering includes not just the cost to rebuild your home, but debris removal, the additional costs of meeting strict Florida building codes, and the current price of labor and materials.  

How to get a quote

Online through Policygenius or Tower Hill

ASI Progressive

ASI Progressive logo

ASI Progressive offers robust home insurance coverage and ways to save. Our fave perk? Its bundling discount, which lets you save up to 20% on premiums and only requires you to pay one deductible if your home and car are damaged in the same event.

Pros

  • Policies are backed by Progressive Insurance

  • Flood insurance coverage add-on available — a rarity among insurers

  • Save up to 20% when you bundle your home and auto insurance

  • Score discounts for owning a new home, signing up for e-bills, paying your premiums in full for the year, and more

  • Only pay one deductible if your home and car are damaged in the same incident and you bundle your home and auto insurance together

  • File and track claims online

Cons

  • Below-average claims satisfaction ratings

  • Minimal information about coverage add-ons available online

Why ASI Progressive tops our best list

ASI Progressive offers several discounts to help bring down your premiums, making it an affordable option. Customers can save up to 20% by bundling their home and auto insurance. For the average Oscala home, that could mean a yearly rate as low as $912. ASI Progressive also rates highly with J.D. Power, making it a great fit for customers looking for quality service at a low price. 

How to get a quote

Online through Policygenius or ASI Progressive 

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Cheapest homeowners insurance companies by ZIP code in Ocala

Looking at average home insurance costs for 15 of the most popular companies in Ocala, we found that the cheapest home insurance in the city can be with Tower Hill, no matter which ZIP code you live in. The average Tower Hill rate in this area is $996 per year — 48% less than the city average of $1,945 per year. 

Tower Hill’s average yearly rate of $996 is the consistent lowest price in every ZIP code in Ocala, making it the most affordable rate in the city.

ZIP code

Company

Average yearly cost

34470

Tower Hill

$996

34471

Tower Hill

$996

34472

Tower Hill

$996

34473

Tower Hill

$996

34474

Tower Hill

$996

34475

Tower Hill

$996

34476

Tower Hill

$996

34479

Tower Hill

$996

34480

Tower Hill

$996

34481

Tower Hill

$996

34482

Tower Hill

$996

The most affordable areas for homeowners insurance in Ocala

With an average home insurance rate of $1,940 per year, the 34479 ZIP code is the most affordable area for home insurance in Ocala. Low median house values and a centralized location without a large threat of severe weather may contribute to the cheaper rates in this area.  

ZIP code

Average yearly cost

34479

$1,940

34474

$1,942

34470

$1,942

34482

$1,942

34480

$1,943

The most expensive areas for homeowners insurance in Ocala

With an average home insurance rate of $1,954, the 34473 ZIP code is the most expensive area for home insurance in Ocala. While there isn’t a large difference between the most affordable and most expensive areas in Ocala, home values in the 34473 ZIP code are slightly higher, which may account for the small difference in insurance premiums.  

ZIP code

Average yearly cost

34473

$1,954

34481

$1,949

34476

$1,947

34475

$1,944

34472

$1,944

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In the news

Thousands of Florida homeowners facing policy cancellations, higher premiums, and mortgage defaults

After Demotech downgrades several Florida insurance carriers' financial strength and stability ratings, thousands of homeowners are at risk of losing their home insurance.

Jennifer Gimbel • August 5, 2022

Shopping for homeowners insurance in Ocala

Shopping for homeowners insurance is much easier when you know what kind and how much of each coverage you need. By understanding how coverage limits and deductibles affect your overall cost, you can be certain you’re not paying too much for home insurance.

In this section, we break down the average annual home insurance rates in Ocala for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Ocala.

Ocala home insurance costs by coverage amounts

Dwelling coverage is the portion of your home insurance that covers the cost to repair or rebuild your house after a covered loss. To ensure you have enough money to rebuild your home, the amount of coverage should be based on your home’s replacement value — not its market value or purchase price. 

A policy with $100,000 in dwelling coverage costs an average of $744 per year in Ocala, while a policy with $500,000 in coverage costs $3,212 — nearly $2,500 more per year. 

Dwelling coverage amount

Average yearly cost

$100,000

$744

$200,000

$1,346

$300,000

$1,945

$400,000

$2,570

$500,000

$3,212

Liability coverage can save you from having to pay expensive bills out-of-pocket if a guest or delivery person is injured on your property. Among other things, this coverage can pay for medical bills resulting from a dog bite, repairs to personal property, and damages if a tree from your yard falls on your neighbor’s house. 

The amount of liability insurance you need should be based on the total value of your assets, including your home and cars. 

In general, the more coverage you have, the higher your premium will increase. However, we found that average rates in Ocala actually go down with higher liability coverage, so choosing high limits of coverage doesn’t appear to have too much of an impact on home insurance premiums.

Liability coverage amount

Average yearly cost

$100,000

$2,322

$200,000

$1,928

$300,000

$1,776

$500,000

$1,812

Ocala home insurance costs by deductible amount

Your homeowners insurance deductible is the amount you pay on each claim before your insurance kicks in. If you file a $5,000 claim and you have a $1,000 deductible, you will need to pay $1,000 before your insurance company covers the remaining $4,000.

As seen in the table below, Ocala residents can save around $462 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$2,178

$1,000

$1,945

$2,000

$1,716

Home insurance discounts in Ocala

Most insurance companies offer discounts for installing security cameras and alarms, smoke detectors, and other similar devices that make your home safer. When your home is more secure, you are less likely to file a claim, which saves money for the insurance company. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Ocala with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$1,945

Smoke alarm

$1,945

Burglar alarm

$1,850

Wind mitigation discounts & incentives in Florida

Many home insurance companies in Florida offer Fortified Roof, Fortified Home, and other wind mitigation discounts for installing fixtures or using construction techniques to reduce windstorm damage during a hurricane or tropical storm.

Other incentives include:

  • Hurricane Loss Mitigation Grant: Offers grants for retrofits, inspections, and construction to fortify your home against flooding and hurricane-force winds

  • Florida Property Assessed Clean Energy (PACE) Program: Offers financing for up to 100% of the costs to fortify your home against wind damage — payments are added to your property tax bill each year for an agreed-upon term

→ Learn more about wind mitigation discounts & how to qualify

Home insurance companies in Ocala for dog owners

You may see higher home insurance rates if you have a dog breed that’s considered aggressive by insurance companies.   

With an average rate of $996 per year, Tower Hill has the cheapest home insurance rates in Ocala for a home with a dangerous dog breed, while Citizens’ average yearly premium of $4,308 is the highest. 

Company

Average yearly cost

Tower Hill

$996

ASI Progressive

$1,166

Universal Property

$1,669

State Farm

$2,051

Citizens

$4,308

Home insurance companies in Ocala for poor credit

Since customers with low credit scores have been found to file more insurance claims, some companies will charge higher rates for people with poor credit. 

Not all insurance companies factor your credit score heavily into your rate, however, so it’s important to shop around to find the most affordable options.  

With an average rate of $1,586 per year, Tower Hill has the cheapest home insurance rates in Ocala for a homeowner with poor credit, while Citizens’ average yearly premium of $4,308 is the highest. 

Company

Average yearly cost

Tower Hill

$1,586

Universal Property

$1,669

ASI Progressive

$1,956

State Farm

$3,512

Citizens

$4,308

Home insurance companies in Ocala for pool owners

Since swimming pools can lead to injuries and liability claims, some insurance companies may charge higher rates to pool owners. Not all insurers factor a pool into your rate, however, so it’s important to shop around.

With an average rate of $996 per year, Tower Hill has the cheapest home insurance rates for Ocala homes that have a swimming pool, while Citizens’ average yearly premium of $4,308 is the most expensive.

Company

Average yearly cost

Tower Hill

$996

ASI Progressive

$1,141

Universal Property

$1,669

State Farm

$2,051

Citizens

$4,308

How to buy homeowners insurance in Ocala

While insurance rates in Ocala are lower than the state average, it’s still important to do your research so you don’t overspend on your homeowners policy. If you’re looking for new insurance, here are some steps to make shopping around easier:

  1. Reach out to a licensed Policygenius agent. If you have questions on where to get started with finding a new insurance policy, our team of agents is here to help. Our experts can assist you in finding the best policy for your needs at no cost and with no impact on your credit score.

  2. Ask about Florida’s FAIR plan. If you’ve been turned down by traditional home insurance providers due to factors that make you a high risk to insure, our agents can talk you through Florida’s FAIR plan as an alternative to traditional home insurance. 

  3. Figure out how much you can afford to pay for your deductible. If you don’t foresee having to file multiple insurance claims throughout the year, consider opting for a high deductible to save money on your premium. 

  4. Compare quotes from a Policygenius agent. When you compare quotes from different companies, you may find lower rates even if you have a pool, a pit bull, or poor credit. A Policygenius agent can help you compare quotes to make sure you’re getting the best home insurance at the best price.

  5. Choose your policy, sign it, and pay your first premium. Once you’ve found a policy that fits your needs for a price that works for your budget, a Policygenius agent can help prepare the paperwork, show you how to make your first payment, and even cancel your old policy. 

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Frequently asked questions

Will my insurance cost more if I have a pool on my property?

Due to increased liability claims, most insurers will charge more for homes that have pools on the property.

What is the average cost of home insurance in Ocala?

The average cost of homeowners insurance in Ocala is $1,945 per year, which is almost $700 less than the statewide average of $2,643.

What is personal property insurance?

Personal property insurance covers belongings inside your house in case they are stolen or damaged or destroyed by a covered peril, like a fire or windstorm. This includes clothing, electronics, and furniture.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Author

Freelance contributor

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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