How Much Does Cape Coral Home Insurance Cost?

The short answer is that Cape Coral homeowners insurance costs about $986 to $1,339 per year on average and is generally lower than the state average of about $1,648 to $3,575 per year. Larger, expensive houses on the coast in places like Naples and Miami explain why the state average is higher than the average for Cape Coral, FL.

Cape Coral House | How Much Does Cape Coral Home Insurance Cost?

What Home Insurance Companies Have the Best Rates for Cape Coral?

As a licensed independent home insurance agent for the state of Florida, we can shop your home insurance with over a dozen different home insurance companies (and you won’t get a cheaper rate by going directly to the carrier). In our experience, here are the insurance carriers that tend to have the lowest premiums for Cape Coral and we’ll probably recommend one of the following:

  • St Johns Insurance
  • Edison Insurance
  • Citizen’s Property Insurance
  • Florida Peninsula Insurance Company

With that said, your home insurance premium is determined by many factors, so without getting a quote from a licensed insurance agent we can’t give you an exact answer in this article, but we can give you a ballpark figure of what to expect.

The most important factors include:

  • Location, age, and size of the house
  • Shape of the roof and attachment to the frame
  • Foundation type (most houses in Cape Coral are concrete slab)

The following table shows our estimated home insurance premiums by our best home insurance carriers for houses in Cape Coral with a heated area of about 1800 square feet:

Cape Coral 1,800 sqft Homes with $225,000 Dwelling Coverage

Year BuiltLower EndAverageHigher End
2018$705$747$802
2006$747$828$973
1995$868$1238$1644
1985$1211$1438$1725
Waterfront Houses along a Cape Coral Canal during sunset

How We Arrived At These Rates.

Your heated area is the amount of space in your house that is air conditioned (usually excluding the garage, lanai, etc.) and is generally the main variable used to estimate the amount for Dwelling Coverage on your homeowners insurance policy. For Cape Coral, the cost to rebuild a house is about $125 per square foot of heated area. The most common heated area for a house in Cape Coral is about 1800 square feet. In this example, we would expect the most common Dwelling Coverage amount in Cape Coral to be about $225,000. Keep in mind that you can insure the house for more or less than this amount, but if you mortgage your home, your mortgage lender will probably require a certain amount of Dwelling Coverage to satisfy the loan. Our agents use the Lee County Property Appraiser’s website (leepa.org) to find the heated area of your Cape Coral home.

We also chose these specific years for our sample data since these were the peak years for new home construction in Cape Coral (2018, 2006, 1994, and 1984; we chose to round to 1995 and 1985 for our sample). Since these were years where a majority of homes were built, it’s likely that your house was built close to one of the sample years. For example, if your house was built in 1987, you can expect to be somewhere closer to the 1985 rates.

Cape Coral 2,000 sqft Homes with $250,000 Dwelling Coverage

For comparison, the following table is our estimated home insurance premiums by our best home insurance carriers for houses in Cape Coral with a heated area of about 2000 square feet and a Dwelling Coverage amount of $250,000:

Year BuiltLower EndAverageHigher End
2018$773$822$854
2006$822$905$1008
1995$951$1358$1784
1985$1317$1581$1846

Cape Coral 2,500 sqft Homes with $312,500 Dwelling Coverage

And for further comparison, the table below shows our best home insurance premiums in Cape Coral for houses about 2,500 square feet and a Dwelling Coverage amount of $312,500:

Year BuiltLower EndAverageHigher End
2018$945$1010$1016
2006$1010$1098$1202
1995$1128$1658$2117
1985$1593$1934$2215

Cape Coral 3,000 sqft Homes with $375,000 Dwelling Coverage

And finally, the table below shows our best home insurance premiums in Cape Coral for houses about 3,000 square feet and a Dwelling Coverage amount of $375,000:

Year BuiltLower EndAverageHigher End
2018$1108$1175$1188
2006$1197$1298$1393
1995$1317$1969$2480
1985$1870$2298$2581

One of the things that you may notice from these tables is that as the size and age of your house increases, you should expect your home insurance premium to increase. As your house ages and your home insurance increases, it’s always a good idea to have an independent insurance agent get competing quotes for you about once a year because some insurance carriers favor certain types of houses over others.

Once we get into the larger homes over 3,000 square feet, the premiums vary widely due to a lot of factors. A lot of larger homes are built either on or close to the water while the larger homes built inland tend to resemble farmland, ranch-style homes.

Other Factors That Affect Your Home Insurance Premium

While these aren’t the main factors that affect your home insurance premiums, we’ll ask you about these lesser factors to determine your home insurance premiums:

  • If you have storm panels or some kind of window protection
  • Whether you have other structures like sheds or fences
  • The quality of your interior (how nice your furnishings are)
  • Whether your dog is classified as a “vicious breed”

Again, all of this information will help you get an idea about how much your Cape Coral home insurance premium will be, but you won’t know for sure until you get a quote from a licensed Florida home insurance agent. You can even contact us for a second opinion if you’ve received a quote from a different agent.