The average cost of homeowners insurance in Pensacola is $5,577 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage. Pensacola home insurance costs are much higher than the nationwide annual average of $2,584 but much lower than the Florida statewide average of $10,675.

Homeowners in Pensacola face steep insurance premiums because of the city’s vulnerability to hurricanes and tropical storms and the lack of competition. Several home insurance companies have recently exited the Florida market, leaving fewer choices for Pensacola homeowners.1

Here’s what you should know about finding home insurance in Pensacola, including the importance of comparing quotes and coverage options.

Best home insurance companies in Pensacola

Although several insurance companies have recently left the Florida home insurance market, it’s still possible for Pensacola homeowners to find decent coverage options. The best Pensacola home insurance company for your situation depends on your location and specific coverage needs.

You can start your search below with three of the best home insurance companies offering coverage to Pensacola homeowners.

Best company for cheap rates: Security First

Best insurer for military personnel: American Integrity

Best insurer for rental properties: State Farm

Cheapest home insurance companies in Pensacola

Security First Insurance has the cheapest home insurance coverage in Pensacola. Compare quotes from different companies below to find the lowest rates on homeowners coverage. 

The average annual premiums reflect costs for home insurance policies with $300,000 in dwelling coverage and a $1,000 deductible.

How much is home insurance in Pensacola?

The average cost of homeowners insurance in Pensacola is $5,577 for $300,000 in coverage with a $1,000 deductible. The cost of an insurance policy with the same amount of coverage but a $500 deductible is a bit higher, at $5,633 annually.

Premiums can range widely based on factors like the age of your home, your deductible, previous claims, and other details. That’s why it’s important to get an insurance quote from multiple companies to find the best fit for your Florida home insurance needs.

Cost of home insurance by dwelling coverage in Florida

If your Pensacola home sustains damage from a covered loss, it’s critical to have enough dwelling coverage to repair or rebuild it.3 To calculate the amount of dwelling coverage you need, consider factors like your home’s age, square footage, number of stories, architectural style, and interior features. However, the more dwelling coverage you choose to purchase, the more expensive your home insurance will be.

The table below highlights different dwelling coverage levels and how these amounts affect Florida home insurance premiums. The following average annual premiums reflect costs for a home insurance policy with a $1,000 deductible in Florida.

Cost of homeowners insurance by deductible amount

Your home insurance deductible — the amount you pay out of pocket when you file a claim — is another factor that affects your homeowners insurance rate. A higher deductible could save you money on insurance rates, but you’ll need to have adequate savings for any out-of-pocket costs. Common deductible options are $500 and $1,000.

See the table below to understand how your deductible can affect average annual premium costs in Pensacola for policies with $300,000 in dwelling coverage.

Average cost of home insurance in other cities in Florida

Your location, including your city and specific ZIP code, can play a role in your Florida home insurance quote. Location-specific factors, like vandalism, weather events, proximity to fire stations, and more, can affect how much you pay for home insurance.

Below, you can see how insurance rates in Pensacola compare to other cities in Florida.

What to know about owning a home in Pensacola

If you own a home in Pensacola, it’s smart to familiarize yourself with the following factors that could affect your homeowners insurance rates.