From South to North: Ocala’s Attractive Insurance Rates Draw South Florida Residents Seeking Lower Costs

Located approximately 240 miles north of West Palm Beach and sitting at an elevation of 100 feet above sea level, there exists a part of Florida untouched by the soaring insurance rates.

Courtney Moody, a realtor in the Ocala area, attests to this phenomenon, stating, “We don’t get the big storms, and I don’t want to jinx it. We get a rainstorm when you guys get a hurricane.”

Mark Friedlander from the Insurance Information Institute explains that coastal communities like Palm Beach County typically face higher insurance costs compared to inland counties. He emphasizes that while risk is a significant factor, it’s not the sole determinant of insurance rates.

The Insurance.com website recently reported the average homeowners’ insurance premium in Marion County, where Ocala is situated, at $1,750. Friedlander points out that living in an inland county doesn’t completely eliminate risk, but it often leads to lower rates. However, it doesn’t necessarily translate to exceptionally low premiums.

For those choosing to stay in coastal areas, Friedlander offers advice on how homeowners can mitigate risk and save money. In Florida, taking measures to bolster your home against windstorm damage, such as reinforcing your roof, windows, and garage door, can lead to discounts on insurance premiums.

Read related article: South Florida Property Insurance Prices Will Be Impacted By Climate Change

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