Fort Lauderdale ,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 Fort Lauderdale, 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 Fort Lauderdale, FL is $2023. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Fort Lauderdale, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Fort Lauderdale, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $809 |
| $200,000 | $1,376 |
| $300,000 | $1,699 |
| $400,000 | $2,589 |
| $500,000 | $3,257 |
Home insurance costs in Fort Lauderdale 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 |
|---|---|
| 033316 | $2,189 |
| 33327 | $2,138 |
| 33301 | $2,134 |
| 33315 | $1,960 |
| 33312 | $1,916 |
| 33309 | $1,868 |
| 33311 | $1,853 |
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 Fort Lauderdale, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,074 |
| $1000 Deductible | $1,855 |
| $1500 Deductible | $1,750 |
| $2500 Deductible | $1,578 |
| $5000 Deductible | $1,335 |
| Home Insurance Company Near Fort Lauderdale, FL | Homeowners Insurance Agency Near Fort Lauderdale, FL | Address |
|---|---|---|
| Travelers | Insurance Offices Of The Palm Beaches | 11211 Prosperity Farms Rd Ste B106 , Palm Beach Gardens, FL, 33410 |
| Allstate | Patrick Brady | 901 SE 17th St, Fort Lauderdale, FL, 33316 |
| State Farm | Steve Myers | 9004 SW 152nd St, Palmetto Bay, FL, 33157-1928 |
| Travelers | Agm Insurance Agency Inc | 1301 E BROWARD BLVD 1ST FL, FORT LAUDERDALE, FL, 33301 |
| Travelers | Brightway Insurance Inc | 10161 W COMMERCIAL BLVD, SUNRISE, FL, 33351 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Wilton Manors city, Florida | $183 | $244 | $366 |
| Lazy Lake village, Florida | $227 | $303 | $455 |
| Oakland Park city, Florida | $175 | $233 | $350 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Fort Lauderdale, FL | 5.5% | 15.9% |
| Wilton Manors | 4.97% | 20.66% |
| Lazy Lake | 3.16% | 12.64% |
| Oakland Park | 6.39% | 21.23% |
| Fort Lauderdale Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 753 | 1.0% | $780 |
| $300 to $499 | 1,386 | 2.0% | $1230 |
| $500 to $749 | 4,772 | 9.0% | $1905 |
| $750 to $999 | 15,015 | 30.0% | $2655 |
| $1,000 to $1,499 | 17,983 | 36.0% | $3780 |
| $1,500 or more | 9,173 | 18.0% | $5430 |
| Streets in Fort Lauderdale Area | Homeowners Insurance Cost |
|---|---|
| SW 29th Way, S Seabreeze Blvd, Franklin Park Dr, Galt Ocean Dr, S State Rd 7, NW 39th Ter, NE 21st Ln, NE 12th Ct, Neptune Ave, NW 22nd Ter | $1,169 |
| Seven Isles Dr, NE 48th Ln, W Las Olas Blvd, Seabreeze Blvd, Cayuga Rd, E Campus Cir, NW 22nd Rd, NE 57th Ct, N Flagler Dr, SE 22nd Ave | $1,133 |
| NE 57th St, NW 22nd Ave, NE 59th St, NE 27th Way, SW 27th Way, Pine Ave, NE 54th Ct, Marina Blvd, Snyder Park Rd, Port Royale Blvd | $1,231 |
| SE 18th St, Auburn Blvd, Flamingo Ln, NW 20th Ter, Poinsettia St, SW 4th Dr, SE 7th Ave, Belmar St, Middlesex Dr, Floranada Rd | $1,237 |
| Jackson Blvd, NW 19th Way, NW 1st Ln, Thomas Way, NW 9th Ln, SW 12th Ter, NE 9th Ct, Brickell Ave, Iroquis Ave, SW 10th Ter | $1,165 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Fort Lauderdale | $178 to $181 |
| Wilton Manors | $183 |
| Lazy Lake | $227 |
| Oakland Park | $175 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Tower Hill Signature Insurance | $6,616 |
| 150,000 | 27 | YES | American Integrity Insurance | $2,327 |
| 150,000 | 27 | YES | Federated National Insurance | $2,273 |
| 150,000 | 27 | YES | Liberty Mutual Fire Insurance | $2,171 |
| 150,000 | 27 | YES | Southern Fidelity Insurance | $2,681 |
| 150,000 | 27 | YES | Stillwater Property And Casualty Insurance | $3,323 |
| 300,000 | 12 | NA | Castle Key Indemnity Company Insurance | $3,251 |
| 300,000 | 12 | NA | Southern Fidelity Insurance | $5,127 |
| 300,000 | 12 | NA | Tower Hill Select Insurance | $3,761 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,900 | $2,900 |
| Yearly Fort Lauderdale Homeowner Insurance Premium Example | $3,100 | $2,900 |
| Out of Pocket Expense During Claim | $1,900 | $2,900 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $26,700 | $26,100 |
| Net Savings to Fort Lauderdale Home Owner from High Deductible Plan | $600 | |
| Scenario | Fort Lauderdale, FL Home Replacement Value MORE than Home Value | Fort Lauderdale, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $381,000 | $240,500 |
| Insurance Premium based on Replacement Value | $8,350 | $5,275 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $52,500 | Risk Exposure from Under Insuring Coverage is $88,000 |
| Premium Impact | Insurance cheaper by $1,925/year | Insurance costlier by $1,150/year |
| Insurance Company | Allstate | Liberty Mutual | Chubb Group of Insurance |
| Monthly Premium | 162 | 285 | 325 |
| Year Built | 2012 | 1984 | 1966 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $100000-$125000 | $150000-$175000 | $250000-$300000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $5000 to $10,000 Deductible |