Boca Raton ,FL Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Boca Raton, FL homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Boca Raton, FL is $2137. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Boca Raton, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Boca Raton, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $855 |
| $200,000 | $1,453 |
| $300,000 | $1,795 |
| $400,000 | $2,735 |
| $500,000 | $3,441 |
Home insurance costs in Boca Raton can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 033432 | $2,204 |
| 33496 | $1,981 |
| 33498 | $2,027 |
| 33486 | $2,073 |
| 33431 | $2,019 |
| 33433 | $1,937 |
| 33428 | $1,941 |
| 33434 | $1,887 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Boca Raton, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,191 |
| $1000 Deductible | $1,960 |
| $1500 Deductible | $1,849 |
| $2500 Deductible | $1,667 |
| $5000 Deductible | $1,410 |
| Home Insurance Company Near Boca Raton, FL | Homeowners Insurance Agency Near Boca Raton, FL | Address |
|---|---|---|
| NA | Rick Gibbs Pa | 1000 S Sr 7, Plantation, FL, 33317 |
| Liberty Mutual Independent | Brown & Brown Of Florida Inc | 14900 NW 79TH CT STE 200, Lester Insurance Group Inc. D/B/A The Harper Age, FL, 33016 |
| Travelers | M & L Insurance Agency Inc | 2855 UNIVERSITY DR 110, CORAL SPRINGS, FL, 33065 |
| Travelers | Oyer Macoviak And Associates | 511 E Ocean Ave Boynton Beach, Boynton Beach, FL, 33435 |
| State Farm | Shirley Licia Saul | 8100 NW 155th Street, Miami Lakes, FL, 33016-5865 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Highland Beach town, Florida | $173 | $230 | $345 |
| Delray Beach city, Florida | $149 | $199 | $298 |
| Deerfield Beach CCD, Broward County, Florida | $151 | $201 | $302 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Boca Raton, FL | 4.5% | 11.4% |
| Highland Beach | 3.1% | 11.51% |
| Delray Beach | 5.65% | 16.41% |
| Deerfield Beach | 4.79% | 18.3% |
| Boca Raton Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $500 to $749 | 440 | 3.0% | $1882 |
| $750 to $999 | 1,702 | 11.0% | $2632 |
| $1,000 to $1,499 | 5,941 | 40.0% | $3757 |
| $1,500 or more | 6,284 | 43.0% | $5407 |
| Streets in Boca Raton Area | Homeowners Insurance Cost |
|---|---|
| NE 25th Ter, Cherry Palm Rd, NE 45th St, Travelers Tree Dr, Argyll Ter, Amberwoods Dr, NE 8th St, NE 10th St, S Rogers Cir, NW 26th Ct | $1,208 |
| SW 12th Way, Ascot Bend Rd, Oregon Ln, Camino Gardens Blvd, Fern Dr, NE 71st St, Camino Lakes Cir, Fan Palm Rd, NW 47th St, Via Stel | $1,327 |
| Executive Center Cir NW, Ericarose Ct, Spring Bottom Way, Yorkshire Ct, NW 29th St, NW 23rd Ter, Esplanada Dr, NW 9th Ter, Steeple Chase, Mirabella Dr | $1,437 |
| Rio del Mar Dr, Sugar Plum Dr, Forsyth St, Cypress Knee Dr, NW 8th Ter, NW 63rd St, NW 26th Ter, Clubside Dr, Jeffery St, Alzira Cir | $1,319 |
| NW 26th Pl, NW 23rd Ter, Caravelle Cir, NW 2nd Ter, Pine Haven Cir, NW 35th St, Coach House Cir, Lancaster St, SW 15th Pl, NW 6th Dr | $1,357 |
| NW 29th Ave, W Country Club Blvd, Wessex Way, NW 3rd Way, del Rio Blvd, Coco Plum Blvd, NW 29th Ave, NW 26th Cir, NW 64th Blvd, Kingsbridge St | $1,370 |
| Appleby St, NE 77th St, Gateside Dr, Oak Cir, NW 51st St, SE 15th St, Montebello Dr, Brevard Ct, SE 31st St, Executive Center Dr NW | $1,193 |
| Andrews Pl, Queen Palm Rd, NW Corporate Blvd, Pinehurst Ln, SW 4th Cir, NW 72nd St, Boca Palms Dr, Thatch Palm Dr, Burning Wood Dr, SW Pepperridge Trl | $1,221 |
| Balboa Cir, NW 42nd St, NW 12th Ter, Park Dr W, Antigua Point Dr, NE 75th St, NW 36th St, Wildwood Cir, Cactus Cir, NW 6th Ter | $1,208 |
| NW 31st St, NW 45th St, NW 28th Ter, NW 16th Ave, Bay Laurel Way, Potomac Rd, Bayberry Ter, NW 63rd Ln, Ballantrae Ct, Seville Pl | $1,249 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Boca Raton | $191 to $194 |
| Highland Beach | $207 |
| Delray Beach | $179 |
| Deerfield Beach | $181 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Castle Key Indemnity Company Insurance | $4,939 |
| 150,000 | 27 | NO | Florida Farm Bureau Casualty Insurance | $6,403 |
| 150,000 | 27 | NO | Southern Fidelity Insurance | $3,798 |
| 150,000 | 27 | YES | First Protective Insurance | $1,447 |
| 300,000 | 12 | NA | Florida Peninsula Insurance | $4,419 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,200 | $7,200 |
| Yearly Boca Raton Homeowner Insurance Premium Example | $9,300 | $8,300 |
| Out of Pocket Expense During Claim | $1,200 | $7,200 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $66,300 | $65,300 |
| Net Savings to Boca Raton Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Boca Raton, FL Home Replacement Value MORE than Home Value | Boca Raton, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $300,000 | $184,000 |
| Insurance Premium based on Replacement Value | $7,100 | $4,350 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $58,000 | Risk Exposure from Under Insuring Coverage is $58,000 |
| Premium Impact | Insurance cheaper by $1,375/year | Insurance costlier by $1,375/year |
| Insurance Company | Chubb Group of Insurance | Liberty Mutual | GEICO Insurance |
| Monthly Premium | 425 | 274 | 676 |
| Year Built | 1977 | 1990 | 1981 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $350000-$400000 | $350000-$400000 | $600000-$700000 |
| Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $2500-$5000 Deductible |