Homestead Insurance Rates:

Homestead, FL home insurance is roughly $981 to $1,339, about $81-$111/month. Our complete research reveals consumers can save upto $464 by getting many quotes

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Read Homestead, Florida Homeowners Insurance reviews & compare quotes to find the most reliable & cheapest quotes.

Homestead Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
GEICO Insurance
Home Insurance Rate of $2460/10 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $205,000

4 Beds, 4 Bath 1920 sqft Rental Property Constructed In 2013 with Stone Flooring, Composition Roof, Crawl Space Foundation, Vinyl siding, Stucco Construction. Home Features Include Fireplace, Indoor Sprinklers, Swimming Pool, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

50 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $1220/7 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $155,000

5 Beds, 5 Baths 2140 sqft Vacation Property Constructed In 2009 with Linoleum, Asphalt Shingles Roof, Chainwall Foundation, Wood siding, Brick Frame. Home Features Include Copper Water Pipes, Indoor Sprinklers, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Single Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $260/1 month for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $160,000

3 Beds, 3 Baths 1600 sqft Vacation Property Constructed In 1988 with Stone Flooring, Tile Roof, Chainwall Foundation, Wood siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

40 Years old Single Male who is a Freelancer with household income of $100-$150,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 550-599 Credit Score

Home Insurance Rate of $1050/4 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $175,000

3 Beds, 3 Bath 1970 sqft Primary Residence Constructed In 1998 with Wood Flooring, Wood Shake Roof, Crawl Space Foundation, Wood siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Copper Water Pipes, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

44 Years old Married Female who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $190/1 month for $100,000-$125,000 Coverage
Policy Holder Home Details :

Home Value : $115,000

2 Beds, 2 Bath 1259 sqft Primary Residence Constructed In 1990 with Linoleum, Tile Roof, Piers Foundation, Stucco siding, Wood Frame. Home Features Include Fire Extinguisher, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

51 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Homestead, FL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
33031 $351,100 $1,310
33030 $174,200 $1,180
33033 $140,700 $1,160
33035 $116,000 $1,140

Homestead Rates & Quotes Analysis:

Homestead Area Estimated House Insurance
Adams Ave, SW 381 Ter, SW 196th Ave, SW 380th St, N Audubon Dr, NE 27th Ter, SW 192nd Pl, SW 291st Ter, SE 30th Ter, SW 292nd Ter$1,139
SE 21st Ct, SE 18th Ter, SW 159th Dr, NE 36th Ter, SW 158th Rd, NE 3rd St, NE 41st Cir, S Independence Dr, SE 20th Rd, SW 318th Ter$1,124
NW 14th Ln, SE 11th Pl, SW 354th Ter, SW 350th St, S Audubon Dr, N Fieldlark Ln, Pelican Ct, SW 279th St, S Goldeneye Ln, NE 8th St$1,146
SW 300th Ter, SW 184th Ave, N Anhinga Ln, SE 23rd Dr, SW 3rd Ter, SE 19th St, SE 28th Ter, NE 5th Dr, Tennessee Rd, SW 313th St$1,128
SW 1st Ct, SW 195th Ct, NE 1st Rd, NE 27th Ave, SW 290th St, SE 28th Ave, NE 17th St, SE 16th St, SW 298th St, NW 8th Pl$1,234

Insurance rates are influenced by a number of factors including:

  • Year Built: 4,412 Homes (12% of total) built between 1980 to 1989 in Homestead are paying home insurance between $1,731-$1,749 and varies from North Key Largo (+$757), Florida City (+$13), Naranja (+$16), Leisure City (-$32) and Sweetwater (-$18).
  • Bedrooms: 9,653 2 bedrooms homes (27% of total homes ) in Homestead are paying about $673 in contrast with North Key Largo (+$294), Florida City (+$6), Naranja (+$7), Leisure City (-$12) and Sweetwater (-$7).
  • Auto Insurance Bundling: 6,543 Households (42% of all households) in Homestead have 2 vehicles available and when it is bundled with home insurance you can save $232 and varies from North Key Largo ($333), Florida City ($233), Leisure City ($227).
  • Senior Discounts: 6,116 seniors (more than 55 years) occupied housing units (40% of total) in Homestead get discounts between $173 to $176 and varies from North Key Largo ($250), Florida City ($175), Leisure City ($170).
  • New Homes discounts: New homes such as the 22,336 homes built between 2000 to 2009 in Homestead can save $232 in contrast with North Key Largo ($333), Florida City ($233), Leisure City ($227).

Homestead Homeowners insurance Facts

  • Homestead, FL has 15,254 owner occupied houses which is 50.2% of all units whereas North Key Largo, Florida City and Leisure City have 90.0%, 37.76% and 61.68% respectively.
  • Homestead, FL homeowners yearly insurance price at $1,160 is 0.78% of the typical house value of $148,900 which is in contrast with 0.17% in North Key Largo, 0.71% at Florida City & 1.01% in Leisure City.
  • Homeowners in Homestead, FL pay 3.09% of their income ($35,000 to $39,999) in insurance whereas homeowners in Florida City, Leisure City and Naranja pay 3.12%, 3.04% and 3.12% respectively.
  • Homestead, FL’s insurance is 5.8% of monthly housing costs of $1,667/month, for owners with a mortgage compared to 4.98% in North Key Largo, 7.51% at Florida City & 6.68% in Leisure City. But, for households without a mortgage, insurance is 20.9% of costs ($462 in Homestead, FL) in contrast with 13.88% in North Key Largo, 20.04% at Florida City & 24.78% in Leisure City.

Homestead, FL Home Values & Insurance rates

For example, insurance for 915 Homes (6.0% of total homes ) valued between $60,000 to $69,999 in Homestead, FL is about $498. Rates in nearby areas in such as Florida City, Naranja, Key Largo are cheaper by $43, $54, $279 respectively while Leisure City and West Perrine are costlier by $151 and $11 respectively for similar homes.

Homestead, FL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,353 9.0% $185
$50,000 to $59,999 601 4.0% $406
$60,000 to $69,999 915 6.0% $498
$70,000 to $79,999 677 4.0% $580
$80,000 to $89,999 782 5.0% $661
$90,000 to $99,999 749 5.0% $730
$100,000 to $124,999 1,637 11.0% $846
$125,000 to $149,999 957 6.0% $1067
$150,000 to $174,999 1,512 10.0% $1264
$175,000 to $199,999 1,135 7.0% $1450
$200,000 to $249,999 1,832 12.0% $1751
$250,000 to $299,999 1,423 9.0% $2146
$300,000 to $399,999 1,087 7.0% $2726

Renters Insurance in Homestead

  • Average Renters Insurance in Homestead :  $160($13/month)

  • Median Gross Rent in Homestead :  $1,009

  • Homestead Renters Insurance to Median Rent Ratio:  1.29%

  • Renter occupied housing units in Homestead :  15,163

Homestead Renters Insurance as a Percentage of Rent

Homestead Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 453 3.0% $340
$200 to $299 512 3.0% $790
$300 to $499 732 4.0% $1240
$500 to $749 1,842 12.0% $1915
$750 to $999 3,761 25.0% $2665
$1,000 to $1,499 5,504 37.0% $3790
$1,500 or more 2,051 13.0% $5440

Protective device discount in Homestead Up to :  $24

Claims-free discount in Homestead Up to :  $32