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Homeowners in West Palm Beach, FL, pay an average home insurance rate of $1,455 annually. According to Vhome’s research, West Palm Beach homeowners can save as much as $464 by making use of various discounts provided by home insurance companies.

Home insurance companies calculate home insurance rates based on the age of the home. Home insurance rates increase as the age of the home increases, due to higher propensity for damage. West Palm West Palm Beach homes that are new receive discounts of up to $407 on home insurance rates. Homes that are older than 50 years attract an additional $70 in insurance rates.

Homes built using sturdy materials, which have high resistance against damage, are considered a safe bet for homeowners. As a result, such homes receive substantial discounts from home insurance companies. West Palm Beach homeowners get a discount of $146, each, on homes constructed using fire-resistant, and superior materials. Masonry and brick homes earn a discount of $73 each, while homes with hail resistant roof get a $29 discount.

Senior residents of West Palm Beach can avail discounts of up to $173 to $176 on their homeowner’s insurance. Home insurance companies also tend to provide discounts based on career choices of homeowners. Teachers, Federal government employees, active, and retired army personnel earn considerable discounts on home insurance discounts.

West Palm Beach has a property crime rate of 48.27 for every 1,000 residents, with 5,320 reported property crimes. These alarming numbers prompt home insurance companies to give discounts to homes equipped with safety features. West Palm Beach homes located close to fire stations and police departments also receive discounts of $44 and $15, respectively, on home insurance rates.

Home insurance companies provide discounts to homeowners who have a claims-free history. On the other hand, home insurance rates in West Palm Beach can increase by up to $611 based on the type and number of claims.