The average cost of home insurance in Sarasota, Florida, is $6,826 per year for a policy with $300,000 in dwelling coverage with a $1,000 deductible.

Sarasota’s high average rate is likely in part due to the area’s high risk of coastal flooding. Roughly 71% of buildings in the city are at risk for flooding, according to ClimateCheck.1 Many Sarasota homeowners should consider purchasing an additional flood insurance policy.

Here’s what you should know about finding home insurance in Sarasota.

Best home insurance companies in Sarasota

Sarasota homeowners have plenty of great home insurance companies to choose from. The best home insurance company for you will depend on numerous factors, including your budget, home size, and coverage needs.

Start your search below with three of the best insurers in Sarasota.

Best company for discounts: Nationwide

Best company for customer service: State Farm

Best company for flood insurance: Chubb

Cheapest home insurance companies in Sarasota

Security First Insurance is the cheapest home insurance company in Sarasota, with an average annual cost of $2,214 for a $300,000 dwelling policy.

Take a look at the table below to see the cheapest home insurance companies in Sarasota.

How much is home insurance in Sarasota?

The average cost of home insurance in Sarasota is $6,826 per year for a $300,000 dwelling policy with a $1,000 deductible. This is much higher than the national average rate of $2,584 per year for the same policy but much lower than the Florida state average of $10,675.

For a policy with a $500 deductible, the average cost of coverage is $6,868 annually. One of the biggest contributing factors to this high cost is likely Sarasota’s propensity for flooding. Flood damage can be extremely costly, so insurers have to account for this increased risk.

Cost of home insurance by dwelling coverage in Florida

Your chosen dwelling coverage level will have a direct effect on how much your policy costs. The higher your coverage level is, the higher your premiums will be, as your home insurance company is on the hook for additional damages.

Below, you can compare average annual premiums in Florida by dwelling coverage amount.

Cost of homeowners insurance by deductible amount

Your home insurance deductible is how much you have to pay out of pocket in the event of a claim. Only after you pay your deductible will your home insurance policy kick in.

Your home insurance deductible amount has a direct effect on your home insurance premiums. The higher your deductible is, the lower your premium will be, and vice versa. Compare average annual premiums by deductible amount below.

Average cost of home insurance in other cities in Florida

The cost of your home insurance policy largely depends on where you live. Homeowners pay different rates for the same policy by state, city, and ZIP code. Prices vary by location due to different weather risks, flood likelihood, vandalism frequencies, crime rates, and more.

Here are the average annual premiums in several Florida cities.

What to know about owning a home in Sarasota

Owning a home in Sarasota comes with some challenges and considerations: 

Sarasota homeowners should strongly consider purchasing higher coverage limits to offset these risks. Homeowners should specifically purchase flood insurance. In some cases, mortgage lenders may require homeowners to purchase the coverage. Some home insurance companies offer private flood policies, but you can also secure a policy through the NFIP for a more reasonable price.