Updated: December 16, 2024
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In Lakeland, Florida, Nationwide is both the overall best and cheapest choice for home insurance. If customer service is your priority, Chubb is the best. These companies cater to different needs, so we recommend choosing a provider based on what is important to you.
Picking the right insurance depends on factors like cost, coverage and customer service.
Best HomeInsuranceLakeland, FLTable of Contents
Why Trust MoneyGeek? We used data and rates from the Florida Department of Insurance and Quadrant Information Services to select the top homeowners insurance options in Lakeland.
Home insurance premiums in Lakeland represent the latest available quotes as of September 2024.
MoneyGeek found that State Farm is the best option for home insurance in Lakeland, Florida, for $100K dwelling coverage. It has a MoneyGeek score of 93 out of 100.
The scores for home insurance companies in Lakeland, Florida, range from 38 to 93. These figures reflect MoneyGeek's scoring system, and insurers may receive different scores based on factors like credit history and the age of your home.
| Nationwide | 93 | $784 |
| State Farm | 92 | $818 |
| Chubb | 80 | $2,077 |
| Florida Peninsula Insurance | 77 | $1,466 |
| Allstate | 70 | $1,854 |
| ASI | 69 | $1,318 |
| Heritage Insurance | 65 | $1,460 |
| Universal Property | 38 | $3,312 |
MoneyGeek found that Nationwide is the best option in Lakeland, Florida, for $100K dwelling coverage. The two best overall home insurance companies in Lakeland are:
Nationwide is the best home insurance provider due to its affordability and high coverage score, making it a top choice for residents.
In Lakeland, Florida, various companies offer different costs and service experiences. While cost is important, other factors like customer satisfaction and coverage options matter when making claims.
Nationwide has high affordability and customer satisfaction scores. It offers comprehensive home insurance coverage, including cyber event/ID theft and scheduled personal property. You can save with discounts like home renovation and gated community. Renovating your home’s systems or living in a secure community can qualify you for these savings.
Nationwide provides useful coverages like equipment breakdown, which helps repair or replace damaged electronics, and service line protection, which covers damage to underground lines. Building ordinance or law coverage helps rebuild your home to current codes after a loss. These coverages add value to your policy.
MoneyGeek found that Chubb is the best option for home insurance with top-notch customer service in Lakeland, Florida, for 100K dwelling coverage.
Chubb is the top choice because it excels in customer satisfaction. It provides comprehensive coverage options and is well-regarded for its customer service. You should consider Chubb if quality customer care and service are important to you.
Excellent service in home insurance involves being responsive to customer needs and offering reliable support.
Chubb is the best for service quality, thanks to its high customer satisfaction and coverage scores. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law coverages. You can save with discounts like protective device, which requires installing security systems, and new home for newer homes.
Chubb's guaranteed replacement cost helps rebuild your home even if costs exceed limits. Building ordinance or law pays for updates to meet current codes. Cash settlement lets you choose not to rebuild and get a cash payout instead. These coverages provide valuable protection for your home.
MoneyGeek found that Nationwide is the best cheap home insurance company in Lakeland, Florida, for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
When considering the average cost of homeowners insurance in Florida, State Farm excels due to its high affordability score and solid customer satisfaction metrics. Often, cheap home insurance means choosing lower coverage. This might keep your costs down, but it may not cover enough if something untoward happens. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial.
Note that the best cheap insurance balances price and service quality, unlike the cheapest options, which may focus only on price. Nationwide effectively balances service and cost.
State Farm is the best cheap company, with a high MoneyGeek Score due to its affordability. It offers comprehensive home insurance with building ordinance or law and mold coverages. You can save with discounts like roof replacement cost, which helps if your roof is damaged. State Farm also offers wind mitigation discounts for homes meeting certain building standards.
State Farm's building ordinance or law coverage helps if your home needs updates to meet local laws. Mold coverage protects against mold damage. Roof replacement cost ensures your roof is covered if damaged.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 24, 2024
Location is one of many factors affecting homeowners insurance in Lakeland. Comparing homeowners insurance rates is the best way to save. However, each comparison can take 15 minutes, and checking three or more companies might require over an hour of research. MoneyGeek's home insurance calculator helps you save immediately by focusing on crucial factors. Enter details like your age, dwelling coverage, credit score, deductible and liability coverage to receive an estimate.
Nationwide is the top choice in Lakeland, Florida, for affordable home insurance with excellent scores. The critical factor in selecting home insurance is the dwelling coverage you choose. Here are the cheapest providers:
Nationwide excels with its balance of cost and coverage, making it the cheapest in Lakeland. State Farm, while not the cheapest, holds an impressive score for higher coverage levels.
Finding the cheapest homeowners insurance in Florida can significantly aid in budgeting by reducing overall household expenses.
| Nationwide | $784 |
| State Farm | $818 |
| ASI | $1,318 |
| Heritage Insurance | $1,460 |
| Florida Peninsula Insurance | $1,466 |
| Allstate | $1,854 |
| Chubb | $2,077 |
| Universal Property | $3,312 |
MoneyGeek found that State Farm is the most affordable option in Lakeland, Florida, for high-value homes needing $750K dwelling coverage. High dwelling coverage is essential for such homes as they are more expensive to replace, and home insurance costs rise accordingly.
State Farm is the most cost-effective homeowners insurance choice in Lakeland for high-value residences. According to MoneyGeek, State Farm combines low rates with high customer satisfaction, making it a top pick, even if it doesn't have the highest overall score.
| State Farm | $3,502 |
| Nationwide | $4,548 |
| Allstate | $5,943 |
| ASI | $7,951 |
| Heritage Insurance | $11,576 |
| Florida Peninsula Insurance | $11,951 |
| Chubb | $15,951 |
| Universal Property | $18,924 |
In Lakeland, Florida, State Farm offers the cheapest annual premium for new home insurance, specifically for dwelling coverage of $100K.
State Farm is the most affordable homeowner's insurance option in Lakeland, Florida, due to its low premium cost. However, it may not be the best based on other factors.
It is also important to ensure that you are adequately covered.
| State Farm | $343 |
| Nationwide | $385 |
| ASI | $470 |
| Allstate | $802 |
| Heritage Insurance | $948 |
| Florida Peninsula Insurance | $1,105 |
| Chubb | $1,416 |
| Universal Property | $1,831 |
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums.
In Lakeland, finding the best cheap homeowners insurance depends on your needs. Consider factors beyond premiums, such as coverage options, customer service and claims process efficiency. Follow these steps to get the best cheap home insurance:
To understand how much home insurance coverage you need, consider factors like rebuilding costs, personal belongings value and liability coverage in Lakeland, Florida.
Look into insurance companies in Lakeland. Focus on those with solid financial health, positive customer feedback and a history of good service.
After identifying your coverage needs, compare home insurance quotes. In Lakeland, Florida, premiums for $100K dwelling coverage range from $784 to $3,312 annually.
Inquire with each provider about available discounts, such as those for bundling policies, installing security measures or maintaining a claim-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's a manageable amount in case you need to file a claim.
Enhancing your home's security with alarm systems and sturdy locks can lower its risk profile and potentially reduce insurance costs.
Keeping a good credit score can influence your insurance rates in Lakeland, Florida. Ensure timely bill payments and minimize outstanding debts.
Think about bundling your homeowners insurance with other policies, like auto insurance, to get discounts and save money.
The best cheap home insurance provider for you in Lakeland depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Lakeland, Florida.
The average home insurance cost in Lakeland, Florida, is $1,265.
Nationwide is the cheapest home insurance company in Lakeland, Florida, with an annual premium of $784.
The best home insurance in Florida for Lakeland residents is provided by Nationwide, with a MoneyGeek score of 93 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
