Coral Springs ,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 Coral Springs, 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 Coral Springs, FL is $2089. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Coral Springs, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Coral Springs, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $836 |
| $200,000 | $1,421 |
| $300,000 | $1,755 |
| $400,000 | $2,674 |
| $500,000 | $3,363 |
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 Coral Springs, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,142 |
| $1000 Deductible | $1,916 |
| $1500 Deductible | $1,807 |
| $2500 Deductible | $1,629 |
| $5000 Deductible | $1,379 |
| Home Insurance Company Near Coral Springs, FL | Homeowners Insurance Agency Near Coral Springs, FL | Address |
|---|---|---|
| Travelers | Agm Insurance Agency Inc | 1301 E BROWARD BLVD 1ST FL, FORT LAUDERDALE, FL, 33301 |
| Allstate | Lisa Paoli | 150 SE 12th St Ste 301, Fort Lauderdale, FL, 33316 |
| Allstate | Myriam Olivares | 6414 Melaleuca Ln, Greenacres, FL, 33463 |
| Allstate | Oscar Del Campo | 14453 SW 42nd St, Miami, FL, 33175 |
| State Farm | Toni Espey | 5300 W Hlsboro Blvd Ste 102, Coconut Creek, FL, 33073-4395 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Coral Springs-Margate CCD, Broward County, Florida | $147 | $195 | $293 |
| Parkland city, Florida | $173 | $230 | $345 |
| Margate city, Florida | $144 | $191 | $287 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Coral Springs, FL | 4.5% | 15.0% |
| Coral Springs-Margate | 5.58% | 17.42% |
| Parkland | 3.25% | 11.51% |
| Margate | 6.11% | 20.52% |
| Coral Springs Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 271 | 2.0% | $768 |
| $300 to $499 | 168 | 1.0% | $1218 |
| $500 to $749 | 444 | 3.0% | $1893 |
| $750 to $999 | 1,482 | 11.0% | $2643 |
| $1,000 to $1,499 | 6,467 | 49.0% | $3768 |
| $1,500 or more | 4,135 | 31.0% | $5418 |
| Streets in Coral Springs Area | Homeowners Insurance Cost |
|---|---|
| Seminole Ter, Flamingo Pl, Pine Cir, NW 104th Dr, Cape Dr, Shadow Wood Blvd, NW 95th Ln, Coral Falls, Flamingo Way, Hialeah Ct | $1,178 |
| NW 2nd Manor, E Leitner Dr, NW 95th Ln, NW 4th Dr, NW 103rd Ln, Los Campos, NW 114th Ln, Coral Hills Dr, Star Point Cir, NW 60th Ln | $1,251 |
| NW 38th Manor, Shadow Wood Ln, NW 46th Manor, NW 59th Pl, Sutton Ct, Lantana Dr, NW 17th Manor, NW 112th Way, NW 121st Dr, 52nd Pl | $1,286 |
| NW 62nd Pl, NW 46th Dr, Lexington Ln, Shenandoah Ln, Brandywine Dr N, Egret Ter, Swans Ln, NW 86th Ln, Doubloon Dr, NW 98th Dr | $1,431 |
| NW 47th Pl, Vis del Mar, Fiesta Way, Eagle Cay Way, NW 62nd Ct, la Placida Dr N, NW 3rd Dr, Eagle Cay Ct, Celebration Ln, Ginger Ave | $1,146 |
| NW 116th Dr, Creekside Dr, Eagle Trace Blvd N, Buena Vista Dr, Springs Hamlet Dr, NW 48th Pl, NW 28th Ln, Trotters Ln, NW 83rd Dr, NW 68th Pl | $1,179 |
| Brokenwoods Dr, SW 96th Ln, Brandywine Dr S, Heron Pl, NW 68th Ln, NW 63rd Dr, NW 101st Ln, Glenwood Dr, Cypress Fern Way, Olympia Ct | $1,171 |
| Coral Gate Blvd, NW 114th Ln, NW 77th Pl, Vestal Pl, NW 84th Way, 112th Way, Seabreeze Ln, Regency Lakes Blvd, NW 65th Ct, NW 125 Ter | $1,412 |
| NW 85th Ln, Wilderness Way, Palm Pl, Dawn Tree Ter, Vestal Manor, Blue Sage Ave, NW 107th Ln, Mimosa Pl, Maplewood Way, Merrick Ct | $1,153 |
| Vestal Ct, NW 123rd Ln, Eagle Cay Cir, NW 53th Ct, Eagle Cay Manor, NW 19th Dr, Brighton Ct, NW 57th Way, Ibis Pl, NW 107th Ln | $1,215 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Coral Springs | $185 to $188 |
| Coral Springs-Margate | $175 |
| Parkland | $207 |
| Margate | $172 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | American Traditions Insurance | $5,610 |
| 150,000 | 27 | NO | Florida Farm Bureau Casualty Insurance | $5,023 |
| 150,000 | 27 | NO | Liberty Mutual Fire Insurance | $5,621 |
| 150,000 | 27 | NO | Safeway Property Insurance | $6,293 |
| 150,000 | 27 | NO | State Farm Florida Insurance | $4,360 |
| 300,000 | 12 | NA | American Traditions Insurance | $2,707 |
| 300,000 | 12 | NA | Auto Club Insurance | $4,958 |
| 300,000 | 12 | NA | Federated National Insurance | $3,490 |
| 300,000 | 12 | NA | Liberty Mutual Fire Insurance | $5,115 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,100 | $4,100 |
| Yearly Coral Springs Homeowner Insurance Premium Example | $5,400 | $4,900 |
| Out of Pocket Expense During Claim | $1,100 | $4,100 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $44,300 | $43,300 |
| Net Savings to Coral Springs Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Coral Springs, FL Home Replacement Value MORE than Home Value | Coral Springs, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $165,500 | $105,000 |
| Insurance Premium based on Replacement Value | $3,025 | $1,925 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $26,500 | Risk Exposure from Under Insuring Coverage is $34,000 |
| Premium Impact | Insurance cheaper by $625/year | Insurance costlier by $475/year |
| Insurance Company | Allstate | Liberty Mutual | Travelers |
| Monthly Premium | 506 | 606 | 836 |
| Year Built | 1992 | 2001 | 1987 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 2 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $350000-$400000 | $350000-$400000 | $500000-$600000 |
| Deductible | $500 Deductible | $500 Deductible | $2500-$5000 Deductible |