Homestead, FL Home Insurance - Analysis On Quotes, Rates & Agents
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.
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:
Your home’s value
Your home’s proximity to fire stations and fire hydrants
The age of your home
Deductible and coverage level
Safety features and upgrades that may mitigate the risk of damage
Construction materials
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.
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.
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
| Place | Savings 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
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Homestead, FL | 5.8% | 20.9% |
| North Key Largo | 4.98% | 13.88% |
| Florida City | 7.51% | 20.04% |
| Leisure City | 6.68% | 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 Deductible | High 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 Mutual | State Farm | Chubb Group of Insurance |
| Monthly Premium | 177 | 142 | 578 |
| Year Built | 2005 | 1965 | 1993 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 3 Baths | 5 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 Farmi 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 InsuranceThey 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.
AllstateThey seem to have better rates and better customer service compared to some of my friends that I have talked to.
State FarmState 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.
AllstateWe 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 PropertyLuckily, we've never had to use the insurance but they do a good job for the little interaction we have.
UsaaPolicy 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 FarmThe 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.
GeicoThe premium and deductible is lower than other policies . I received the rate because of bundled policy .Others were charging more .
State FarmI 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.
GeicoI 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 FarmI 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.
UsaaI 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.
AllstateIt's a nice company, although I haven't experience any interaction with the large company, just this office. The office is wonderful
Commerce InsuranceI 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 InsuranceThere 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
UsaaI 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 InsuranceI 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.
ProgressiveThey 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
AllstateI 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 FarmMy 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.
Progressivethey are fast friendly and fit in our budget
UsaaThe 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 InsuranceI 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.
GeicoI 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.
ProgressiveThis 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.
UsaaI 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 InsuranceI 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 InsuranceI would like the premium to not have gone up $80 this renewal but I understand.
Security First Home InsuranceOverall, 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.
UsaaI 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
UsaaThe 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.