How much is homeowners insurance in Sydney,FL

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The average cost of homeowners insurance in Sydney is $4,438 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,934 more than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Sydney depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Sydney, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Sydney.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Sydney.

Key takeaways

The average cost of homeowners insurance in Sydney is $4,438 per year.
Travelers is the cheapest homeowners insurance company in Sydney with an average annual premium of $1,431.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $1,115 more a year for home insurance.

How much is homeowners insurance in Sydney per month

Sydney homeowners pay an average of $370 a month, based on our rate analysis. It’s $11 less than the state average of $381 and $161 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Sydney may vary depending on where you live, the value of your home, and the coverage you choose.

How much is homeowners insurance for a $200,000 house in Sydney

In Sydney, FL, homeowners pay an average of $3,323 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

How much is homeowners insurance for a $300,000 house in Sydney

As per rate analysis by Insure.com, homeowners residing in Sydney typically pay an average of $4,438 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $1,115 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Sydney by company

Among the carriers analyzed, Travelers is the most affordable homeowners insurance company in Sydney. It’s average annual rate for homeowners in Sydney is $1,431.

Amer Integrity Ins Co of FL, ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $2,300.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Sydney and compiled a list of the most affordable home insurance companies.

Below are details of Sydney home insurance companies and their average annual premiums.

Home insurance company	Annual rate
Travelers	$1,431
Amer Integrity Ins Co of FL	$2,144
State Farm	$2,300
Security First Insurance	$2,600
Progressive	$4,298
HCI Group Inc	$4,674
Nationwide	$5,271
Heritage Insurance Holdings	$5,277
Allstate	$5,939
FedNat Holding	$7,665
Universal Insurance Holding	$8,731
Citizens Property Insurance	$8,752

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Sydney for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.