Homestead Insurance Rates:

Homestead, FL homeowners insurance is roughly $981 to $1,339, about $81-$111/month. Our complete research reveals consumers can save upto $464 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Home Insurance in Homestead, FL

The average cost of home insurance in Homestead, FL, is $1488. Home insurance aims to ensure that the cost of mending or replacing your home is covered if damaged during any unexpected event. With comprehensive Homestead insurance, homeowners can also avail of liability insurance for accidents at the house within the covered domain.

Insurance providers consider multiple factors while determining Homestead insurance. Some factors that homeowners insurance companies evaluate when setting premiums include:

  1. Your home’s value

  2. Your home’s proximity to fire stations and fire hydrants

  3. The age of your home

  4. Deductible and coverage level

  5. Safety features and upgrades that may mitigate the risk of damage

  6. Construction materials

  7. Swimming pool or trampoline

There are many other factors other than those mentioned above. Homeowners can consider these factors further to lower their home insurance rates in Homestead, FL.

a. By choosing a higher deductible

In the event of damages to your home, your deductible will be the amount you will be accountable for paying before the insurance company steps in and pays the rest. For example, homeowners paying a deductible of 500 and 1500 pay a premium of $1471 and $1252 on homeowners insurance in Homestead, FL. In contrast, homeowners paying a deductible of 2000 and 2500 pay $1137 and $1069, respectively. Therefore, the higher the deductible, the lower the homeowners insurance rates in Homestead, FL.

Home_Insurance_in_Homestead_FL

b. By installing security features

Home insurance rates are fixed after considering risk factors. Keeping a home safety system can assist in lowering your home insurance rates in Homestead, FL. One of the most efficient security systems is the fire protection system. Sprinkler systems are admiringly effective in retail and residential buildings, which can help lower property loss and minimize damages during a fire. Homes with sprinkler systems pay $1398.72 on home insurance in Homestead, FL.

c. By maintaining a zero claims history 

Your claims history can be a significant element in obtaining discounts on home insurance rates in Homestead, FL. Homeowners should avoid filing claims for minor damages like broken wire repairs, wall cracks, etc. For example, homeowners in Homestead, FL, with zero claims history have to pay a premium of $1294.56. In contrast, homeowners with one or two claims must pay $1577.28 and $1681.44 on homeowners insurance in Homestead, FL.

Tips For Choosing The Best Homestead, FL, Home Insurance Company

In Homestead, Florida, homeowners pay an average home insurance rate of $1,488, which is comparatively higher than the national average premium of $1,438. Below are some of the factors that Homestead homeowners should consider before choosing the home insurance company that best suits their coverage needs.

Tips_For_Choosing_The_Best_Homestead_FL

A.M. Best Rating

Financial strength is referred to as the capacity of an insurance company to grant current policyholders’ claims. Homestead homeowners are recommended to opt for home insurance companies with high financial strength ratings. A.M. Best rates home insurance companies based on their financial strength. Homestead homeowners can follow these ratings to identify home insurance companies with a high financial capacity.

J.D. Power Score

J.D. Power awards home insurance companies with a score based on the feedback collected from current policyholders. The customer satisfaction score of an insurance company is calculated using policy coverage, insurance rates, discounts, customer handling, and the speed at which a claim is processed. Homestead homeowners can use the J.D. Power Score to choose insurance companies that ensure the satisfaction of policyholders.

Comparing Quotes

Home insurance companies use different parameters to calculate home insurance rates. Home insurance quotes can differ from one insurance company to another. Homestead homeowners should obtain quotes from multiple home insurance companies to choose the cheapest one. Homeowners should also consider the add-on policies offered by home insurance companies, in addition to the standard home insurance policy.

Deductibles Vs. Insurance Rates

Homestead homeowners can opt for high deductibles to lower their home insurance. The deductibles and the corresponding reduction in home insurance rates differ from one home insurance company to another. Homestead homeowners are advised to choose the home insurance company that offers the highest discount for their deductible.

Claims Processing Speed

Home insurance companies should be swift in processing the claims of homeowners. Homeowners are generally given a time period of 10 to 30 days to file a claim in case of damages. Once submitted, home insurance companies take a maximum of 40 days to review the claim and accept or deny it. Homestead homeowners are suggested to choose home insurance companies with a simple and swift claims processing system.

Homestead, FL Homeowners Insurance By Home Value

Homestead, FL Home Value Total Homes % of Total Average Homestead, FL Homeowners Insurance
Less than $50,000 1,353 9.0% $185
$50,000 to $59,999 601 4.0% $406
$60,000 to $69,999 915 6.0% $498
$70,000 to $79,999 677 4.0% $580
$80,000 to $89,999 782 5.0% $661
$90,000 to $99,999 749 5.0% $730
$100,000 to $124,999 1,637 11.0% $846
$125,000 to $149,999 957 6.0% $1067
$150,000 to $174,999 1,512 10.0% $1264
$175,000 to $199,999 1,135 7.0% $1450
$200,000 to $249,999 1,832 12.0% $1751
$250,000 to $299,999 1,423 9.0% $2146
$300,000 to $399,999 1,087 7.0% $2726

Top Home Insurance Agents Near Homestead, FL

Home Insurance Company Near Homestead, FL Homeowners Insurance Agency Near Homestead, FL Address
NA We Insure Florida, Inc. 1327 Ne 125Th St , North Miami, FL, 33161
State Farm Enette Henderson 152 NE 167th St Ste 405, Miami, FL, 33162-3400
State Farm Michele Belizaire 8600 NE 2nd Ave, El Portal, FL, 33138-3004
Allstate Monica Pavlova 273 NW 82nd Ave, Miami, FL, 33126
State Farm Ricardo Arbes 18173 Biscayne Blvd, Aventura, FL, 33160-2535

Homestead, FL Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Homestead, FL

Streets in Homestead Area Homeowners Insurance Cost
Adams Ave, SW 381 Ter, SW 196th Ave, SW 380th St, N Audubon Dr, NE 27th Ter, SW 192nd Pl, SW 291st Ter, SE 30th Ter, SW 292nd Ter$1,139
SE 21st Ct, SE 18th Ter, SW 159th Dr, NE 36th Ter, SW 158th Rd, NE 3rd St, NE 41st Cir, S Independence Dr, SE 20th Rd, SW 318th Ter$1,124
NW 14th Ln, SE 11th Pl, SW 354th Ter, SW 350th St, S Audubon Dr, N Fieldlark Ln, Pelican Ct, SW 279th St, S Goldeneye Ln, NE 8th St$1,146
SW 300th Ter, SW 184th Ave, N Anhinga Ln, SE 23rd Dr, SW 3rd Ter, SE 19th St, SE 28th Ter, NE 5th Dr, Tennessee Rd, SW 313th St$1,128
SW 1st Ct, SW 195th Ct, NE 1st Rd, NE 27th Ave, SW 290th St, SE 28th Ave, NE 17th St, SE 16th St, SW 298th St, NW 8th Pl$1,234

Homestead, FL Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Homestead$173 to $176
North Key Largo$250
Florida City$175
Leisure City$170

Homestead, FL Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
North Key Largo CDP, Florida $250 $333 $500
Florida City city, Florida $175 $233 $350
Leisure City CDP, Florida $170 $227 $341

Homestead, FL Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Homestead, FL5.8%20.9%
North Key Largo4.98%13.88%
Florida City7.51%20.04%
Leisure City6.68%24.78%

Homestead Renters Insurance as a Percentage of Rent

Homestead Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 453 3.0% $340
$200 to $299 512 3.0% $790
$300 to $499 732 4.0% $1240
$500 to $749 1,842 12.0% $1915
$750 to $999 3,761 25.0% $2665
$1,000 to $1,499 5,504 37.0% $3790
$1,500 or more 2,051 13.0% $5440

Average Cost Of Home Insurance By Company In Areas Nearby Homestead For Different Scenarios

Home value ($) Age of home (years) Wind mitigation Company Average homeowners insurance premium ($)
150,000 27 NO Citizens Property Insurance $5,317
150,000 27 NO Federated National Insurance $7,028
150,000 27 NO Security First Insurance $5,733
150,000 27 NO St. Johns Insurance $7,200
150,000 27 YES Tower Hill Prime Insurance $2,704
300,000 12 NA Florida Peninsula Insurance $6,328

Homestead, FL Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,500$2,500
Yearly Homestead Homeowner Insurance Premium Example $8,400$7,900
Out of Pocket Expense During Claim$1,500$2,500
Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim $43,500$42,000
Net Savings to Homestead Home Owner from High Deductible Plan $1,500

Homestead, FL Home Insurance Costs With Home Replacement Value Scenarios

Scenario Homestead, FL Home Replacement Value MORE than Home Value Homestead, FL Home Replacement Value LESS than Home Value
Replacement Value $74,000 $52,000
Insurance Premium based on Replacement Value $1,725 $1,225
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $10,500 Risk Exposure from Under Insuring Coverage is $11,500
Premium Impact Insurance cheaper by $275/year Insurance costlier by $225/year

Example Homestead Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Liberty MutualState FarmChubb Group of Insurance
Monthly Premium 177142578
Year Built 200519651993
Home Details 3 Beds, 2 Baths4 Beds, 3 Baths5 Beds, 4 Baths
Coverage Amount $125000-$150000$175000-$200000$400000-$500000
Deductible $1000-$2500 Deductible> $10,000 Deductible$500- $1000 Deductible

Sample Home Insurance Rates for Homestead, FL from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
2010 115,000 Slate Shingles Roof 1,360 3 $2500-$5000 Deductible 470 3 Vinyl siding yes
1988 255,000 Wood Shake Roof 2,840 4 > $10,000 Deductible 1550 9 Stone Siding yes
1985 100,000 Composition Roof 1,250 3 $2500-$5000 Deductible 870 8 Wood siding yes
2010 155,000 Membrane Roof 1,930 4 $5000 to $10,000 Deductible 1620 12 Wood siding No
1981 190,000 Metal Roof 2,170 3 $1000-$2500 Deductible 1420 4 Stucco siding yes
2005 370,000 Slate Shingles Roof 3,990 5 > $10,000 Deductible 910 3 Brick siding yes
2011 245,000 Wood Shake Roof 2,300 3 $500- $1000 Deductible 3380 12 Vinyl siding No
1969 130,000 Wood Shake Roof 1,550 5 $2500-$5000 Deductible 1210 8 Vinyl siding No
2008 220,000 Asphalt Shingles Roof 2,070 3 $1000-$2500 Deductible 770 2 Stucco siding No
2000 160,000 Wood Shake Roof 1,860 4 $5000 to $10,000 Deductible 480 3 Brick siding yes
1991 210,000 Asphalt Shingles Roof 2,010 4 $2500-$5000 Deductible 1160 4 Brick siding yes
1996 190,000 Composition Roof 1,840 4 $2500-$5000 Deductible 2200 12 Fiber-Cement Siding No
1995 415,000 Tile Roof 4,940 5 $500- $1000 Deductible 4310 6 Stone Siding No
1990 180,000 Metal Roof 2,360 3 $500- $1000 Deductible 900 4 Stucco siding No
1969 360,000 Tile Roof 3,360 4 $500 Deductible 670 1 Brick siding yes
1988 340,000 Asphalt Shingles Roof 4,450 5 $500 Deductible 3980 7 Stone Siding yes
1960 175,000 Tile Roof 1,900 3 $5000 to $10,000 Deductible 960 5 Stone Siding yes
2004 140,000 Wood Shake Roof 1,500 3 $500 Deductible 2300 9 Brick siding No
1996 130,000 Shingles Roof 1,570 3 $2500-$5000 Deductible 1290 10 Stone Siding No
1980 205,000 Composition Roof 2,050 5 $1000-$2500 Deductible 1740 5 Stucco siding No
2002 180,000 Membrane Roof 2,220 5 $500 Deductible 2300 7 Fiber-Cement Siding yes
1996 255,000 Metal Roof 3,040 5 $500 Deductible 1650 4 Stone Siding No
2012 260,000 Composition Roof 2,610 4 $2500-$5000 Deductible 3110 7 Fiber-Cement Siding yes
1967 140,000 Tile Roof 1,560 5 $1000-$2500 Deductible 1440 10 Brick siding yes
1969 175,000 Membrane Roof 2,340 4 $1000-$2500 Deductible 2280 9 Vinyl siding yes
2013 205,000 Composition Roof 1,920 4 $5000 to $10,000 Deductible 2460 10 Vinyl siding yes
2009 155,000 Asphalt Shingles Roof 2,140 5 $5000 to $10,000 Deductible 1220 7 Wood siding No
1988 160,000 Tile Roof 1,600 3 $500 Deductible 260 1 Wood siding No
1998 175,000 Wood Shake Roof 1,970 3 $2500-$5000 Deductible 1050 4 Wood siding yes
1990 115,000 Tile Roof 1,259 2 $500 Deductible 190 1 Stucco siding yes

Latest Home Insurance Reviews

State Farm
i definitely recommend this company , since the policies are not that much attractive , i would prefer this because of their approach towards the customer.
Citizens Property Insurance
They try to sell my account off every year and I have to take time out of my week to fax papers back to them on my dollar to stop it.
Allstate
They seem to have better rates and better customer service compared to some of my friends that I have talked to.
State Farm
State Farm offered me renter's insurance to save $1.00 on my auto insurance. It provided up to $3,000 in damage to belongings in the rental property.
Allstate
We were looking for an insurance company with a reputation for good customer service and fast, friendly claims response. so far, allstate has lived up to that expectation.
Assurant Specialty Property
Luckily, we've never had to use the insurance but they do a good job for the little interaction we have.
Usaa
Policy offerings are comparable to other providers, but USAA offers me the convenience of "one stop shopping" with regard to having my home and auto insurance, as well as banking and loan services under one roof.
State Farm
The policy is higher then most of its competitors. If someone is willing to save money, I would recommend other home insurance companies. But if you want premium service, and need an insurance that will definitely protect your home.
Geico
The premium and deductible is lower than other policies . I received the rate because of bundled policy .Others were charging more .
State Farm
I do not like that they charge a fee to split a large payment into two smaller payments. i understand that they claim it is a processing fee, but i think that they should not charge extra just because a portion of a large payment will be deferred.
Geico
I have had nothing but positive experiences with geico. their customer service is always to mutch. their prices are reasonable. they are extremely easy to work with and i would recommend them to friends and family.
State Farm
I don't particularly like how many emails they send my household, it's hard to keep track of what it what and if any of it is actually important.
Usaa
I really like that i can view my homeowners insurance, and other property and casualty insurances, as well as my banking all on the same page.
Allstate
It's a nice company, although I haven't experience any interaction with the large company, just this office. The office is wonderful
Commerce Insurance
I don't have a specific experience with their services, so I can really say. I think they do alright though, I have no complaints.
People's Trust Insurance
There is nothing that is due to not having any problems and have more requests for funds for its quality and its way of working and its use
Usaa
I dislike how they don't inform me of price changes within the policy. The lack of helpfulness they showed in resolving what I was told was a claim. Ultimately nothing was ever done about the break-in.
People's Trust Insurance
I read online that sometimes they cancel the policies of certain people with no specific reasons. I did not like that and hope it does not happen to us. I wish there was more information on that topic.
Progressive
They are very good at communication they always send me letters, emails, or application emails to show me any changes that need to be made or have been made regarding any of my policies
Allstate
I like that it is very affordable without feeling like it's too cheap and not going to help me. It seems like the perfect mix of affordability and quality.
State Farm
My insurance company is local and has a good reputation in the area that I live in. The insurance company was reliable the instance that I did have to file a claim. When I needed the process to run smoothly and quickly, it did.
Progressive
they are fast friendly and fit in our budget
Usaa
The company is expensive. I have searched other options and they are cheaper, even if they are not the same level of coverage. I feel like I am in a club with them and that keeps me staying.
Farmer's Insurance
I like the ease of use of my insurance company. They don't over complicate things when I do have to contact them for any reason. That is something that isn't very common with companies I have noticed.
Geico
I would recommend this company because they are very helpful, they are cheap, and they care about their customers and value their experiences with their company.
Progressive
This company is very friendly and will always work with you. I have not personally had any issues and I'm certain if any arise it will be quickly dealt with and fixed.
Usaa
I would highly recommend USAA to anyone looking for great home insurance. Their customer service and low rates are what set them apart. As a veteran, I also like that they cater to my demographic. I feel like they understand me.
Security First Home Insurance
I like my insurance company. I rate them a 5 out of 5. Outstanding customer service and very knowledgeable, every single time. They are very quick to respond also.
American Integrity Insurance
I would like the premium to not have gone up $80 this renewal but I understand.
Security First Home Insurance
Overall, I like security first. I refuse to change because of some disagreements. they placed the claim quickly that was approved and sent out the check asap. They are easy to communicate with through their app needs some work.
Usaa
I like how the reps treat their customers and explain everything clearly. Insurance can be really confusing and they always are happy to help me understand everything
Usaa
The one thing i dislike about USAA is that you need to know someone or be a veteran to take advantage of the services the company provides.

How To Make Your Homestead, FL Home Insurance Cheaper

How Much Does Homestead, FL Home Insurance Cost?