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Hollywood, Florida, not to be confused with its Californian namesake, is a coastal city known for its beautiful beaches and rich culture. Nestled between Fort Lauderdale and Miami, Hollywood has a unique appeal, drawing both residents and tourists alike. Owning a home in this sun-soaked paradise means ensuring it's protected, which brings us to the topic of home insurance. Here, we'll dissect the various aspects of home insurance rates in Hollywood, FL.

Top Competitors and Their Rates

State Farm:

  • Average Annual Premium: $2,000

  • Highly favored for its customer service and comprehensive coverage options.


  • Average Annual Premium: $1,950

  • Renowned for its competitive rates and easy-to-use online platforms.


  • Average Annual Premium: $2,080

  • Offers a broad range of coverage options tailored for Floridian homes.


  • Average Annual Premium: $1,930

  • Recognized for its multi-policy discounts and flexible payment plans.

Universal Property:

  • Average Annual Premium: $2,025

  • A preferred choice for many Florida residents due to its localized approach.

Analysis on Quotes, Rates & Agents

  • Quotes: The property market in Hollywood is diverse, making it vital for homeowners to obtain multiple insurance quotes. Doing so ensures you're not overpaying and are getting the coverage you need.
  • Rates: Hollywood's rates vary based on a multitude of factors. Understanding the driving elements behind these rates can help homeowners make informed decisions.
  • Agents: Leveraging the expertise of local agents is advisable. They possess nuanced insights into Hollywood's property landscape and can offer tailored advice.

Factors Influencing Insurance Rates in Hollywood, FL

  • Weather Vulnerabilities: Hollywood is susceptible to hurricanes, tropical storms, and flooding, which can significantly drive up insurance costs.
  • Property's Age: Older homes, common in some of Hollywood's historic districts, might command higher insurance rates due to potential repair costs.
  • Home's Value: As with any city, properties with a higher value might attract higher insurance premiums.
  • Proximity to Water: Being closer to the coast or other water bodies might elevate the risk, influencing the insurance rates.
  • Security Measures: Homes equipped with modern security systems or located in gated communities might benefit from reduced rates.
  • Claims History: Homeowners who haven't made many claims might enjoy lower premiums, whereas those with a dense claim history might see higher rates.

Hollywood, FL, with its scenic beauty and cultural landmarks, continues to be a prized location for many homeowners. But living in paradise comes with its own set of challenges, particularly when it comes to insuring properties. By understanding the components influencing home insurance rates, homeowners can find a balance between securing their homes and ensuring affordability. It's all about making well-informed decisions in the captivating world of Hollywood's real estate.