Home Insurance in St. Petersburg, Florida
With a median home value of $371,100, St. Petersburg is close to the Pinellas County median.
The typical home in St. Petersburg was built around 1969. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 37% of homes were built before 1960, about 17 points above Pinellas County's 20%.
In St. Petersburg, the housing stock is 59% single-family homes, 32% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In St. Petersburg, about 56% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 16%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 63% of occupied homes in St. Petersburg are owner-occupied.
In St. Petersburg, 91% of homes are primarily heated with electricity.
FEMA rates Pinellas County's overall risk as Relatively High, led by coastal flooding (Very High). Pinellas County had 128,791 active NFIP flood policies as of September 2026. See the full Pinellas County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In Florida, the statewide average premium for a standard HO-3 homeowners policy is $2,779 per year (NAIC, 2023 data).
Key figures
| Median home value | $371,100 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 63% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Pinellas County | 128,791 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
- Gulfport
- Kenneth City
- South Pasadena
- St. Pete Beach
- Treasure Island
- Pinellas Park
- Madeira Beach
- Seminole
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)