Save on Home Insurance in
Orlando, FL

Discover the Ease of Insurance Shopping with TGS: We Find the Best Coverage for You

At TGS Insurance Agency, we excel as an independent agency representing over 55 top-rated insurance carriers. This extensive network allows us to offer a broad range of comprehensive home insurance options tailored to your specific needs. We simplify the insurance shopping process by doing the heavy lifting for you. Starting with an instant, free quote, our knowledgeable agents customize your policy and find every possible discount. Our goal is to provide you with the best coverage at the best price, ensuring a stress-free experience. With TGS Insurance Agency, we shop so you can save. It’s really that easy.

Understanding Home Insurance Coverage in Orlando

As a homeowner in Orlando, your house is likely your most significant investment, deserving robust protection. Crafting a home insurance policy tailored to your unique needs is crucial. Various insurance providers offer diverse coverage options, endorsements, and protections, each with specific conditions and limitations, allowing for personalized policies. The most common types of coverage included in a homeowners insurance policy are:

• Dwelling Coverage: Protects the structure of your home.
• Other Structures Coverage: Covers buildings not attached to your main house, such as detached garages, sheds, and fences.
• Personal Property Coverage: Insures your belongings, including furniture, electronics, and clothing, for repair or replacement.
• Loss of Use Coverage: Pays for additional living expenses if you need to live elsewhere while your home undergoes repairs.
• Personal Liability Coverage: Covers legal costs if someone is injured on your property or if you cause damage and face a lawsuit.
• Medical Payments Coverage: Helps pay medical expenses for non-household members injured on your property.

What’s the Average Cost of Home Insurance in Orlando, Florida?

In Orlando, TGS Insurance customers typically pay around $2,662 annually for home insurance. This figure is based on policies that include a 2% deductible for wind and hail coverage and an average home value of $361,315. Your actual premium may vary depending on several factors, such as your credit score, the location of your home, its value, and its age. Use our instant quote tool to compare rates quickly by entering your address. Once you receive your quote, reach out to one of our agents to tailor your coverage to your specific needs!

Average Home Insurance Costs in Orlando by Dwelling Coverage Limits

Dwelling coverage is a crucial part of your home insurance, providing protection for the physical structure of your home against covered risks. This coverage is designed to handle the costs of repairing or rebuilding your home if it’s damaged or destroyed by a covered event. The necessary amount of dwelling coverage is based on the cost of rebuilding your home. Your policy will have a maximum limit, known as the dwelling coverage limit, which should be sufficient to cover the full cost of rebuilding in case of a total loss.

Dwelling coverage limits can significantly influence your home insurance premium. Typically, a higher coverage limit results in a higher premium because the insurer assumes more risk.

In Orlando, Florida, homeowners who select $200,000 in dwelling coverage can expect to pay an average of $2,168 per year. For those requiring $400,000 in dwelling coverage, the average annual premium in Orlando, Florida is $3,104.

How Does Location Affect Your Home Insurance in Orlando?

Numerous local elements can influence home insurance rates in Orlando, varying significantly by zip code. Aspects like crime rates, the potential for natural disasters, and the proximity of your home to a fire station can all impact your premiums. In Orlando, the zip code with the highest average premium is 32819, where the average cost is $3,324.

Orlando Home Insurance Cost By Home Age

Home insurance rates can vary significantly based on the age of the home due to several factors. Older homes often come with higher insurance premiums because they may have outdated electrical, plumbing, and heating systems that pose more significant risks for fires, water damage, and other hazards. These homes might also be constructed with materials that are more susceptible to damage and may not meet current building codes, increasing the likelihood of costly repairs. On the other hand, newer homes typically benefit from modern construction techniques, materials, and adherence to updated safety standards, reducing the risk of damage and, therefore, lowering insurance premiums. Additionally, newer homes may also have more advanced security features, which can further decrease the likelihood of theft or vandalism and contribute to lower insurance rates.

What Affects Home Insurance Rates? A Look at Carrier-Specific Factors

The cost of home insurance can differ markedly between carriers because of various factors. Each insurer applies its own risk assessment criteria, which include the location, age, and condition of the home, as well as the homeowner’s claims history and credit score. Additionally, carriers offer different discounts, such as those for combining policies, adding security systems, or maintaining a clean claims record. The way insurers account for regional risks and previous natural disasters can also affect premiums. The carrier’s level of customer service and financial stability can influence rates as well, with established companies potentially charging more for their reliability and extensive coverage options. Therefore, homeowners should seek quotes from multiple carriers to ensure they get the best coverage at a competitive price.

Zip Codes We Service in Orlando

Not seeing your zip code? It’s not a problem! We’re dedicated to helping homeowners across Florida find the perfect home coverage. Get your free instant quote by entering your address above.