Home Insurance in Palmetto, Florida
The median home value in Palmetto is $313,400, 20% lower than the Manatee County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Palmetto was built around 1983. About 11% of homes were built before 1960, about 3 points above Manatee County's 8%.
In Palmetto, the housing stock is 39% single-family homes, 24% apartments in buildings with 5+ units and 31% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Palmetto, about 44% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 26%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 69% of occupied homes in Palmetto are owner-occupied.
92% of homes in Palmetto are primarily heated with electricity.
What's the biggest home insurance risk near Palmetto? FEMA's National Risk Index points to hurricane (Very High) in Manatee County and Manatee County had 36,816 active NFIP flood policies as of September 2026. See the full Manatee County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Florida is $2,779 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $313,400 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 44% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Manatee County | 36,816 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
- Bradenton
- Bradenton Beach
- Holmes Beach
- Longboat Key
- Anna Maria
- Sarasota
- St. Pete Beach
- St. Petersburg
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)