Lake Worth ,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 Lake Worth, 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 Lake Worth, FL is $1947. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Lake Worth, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Lake Worth, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $779 |
| $200,000 | $1,324 |
| $300,000 | $1,635 |
| $400,000 | $2,492 |
| $500,000 | $3,135 |
Home insurance costs in Lake Worth 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 |
|---|---|
| 033467 | $1,937 |
| 33460 | $1,883 |
| 33461 | $1,836 |
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 Lake Worth, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,996 |
| $1000 Deductible | $1,785 |
| $1500 Deductible | $1,684 |
| $2500 Deductible | $1,519 |
| $5000 Deductible | $1,285 |
| Home Insurance Company Near Lake Worth, FL | Homeowners Insurance Agency Near Lake Worth, FL | Address |
|---|---|---|
| Allstate | Lory Bell-Moody | 1943 Tyler St, Hollywood, FL, 33020 |
| Travelers | Wiglesworth-Rindom Insurance Agency Inc | 4 SE 6TH AVE, DELRAY BEACH, FL, 33483 |
| NA | Twinbrook Ins Agency, Inc. | 401 E Las Olas Blvd Ste 1400 Ft. Lauderdale, Fort Lauderdale, FL, 33301 |
| Travelers | Bateman Gordon & Sands Inc | 3050 N FEDERAL HWY, LIGHTHOUSE PT, FL, 33064 |
| Travelers | Fiorella Insurance Agency Inc | 515 Se Central Pkwy, Stuart, FL, 34994 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Lakewood Gardens CDP, Florida | $145 | $193 | $290 |
| Palm Springs village, Florida | $142 | $189 | $284 |
| Kenwood Estates CDP, Florida | $143 | $191 | $286 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Lake Worth, FL | 6.6% | 20.3% |
| Lakewood Gardens | 7.32% | 25.6% |
| Palm Springs | 7.01% | 25.24% |
| Kenwood Estates | 7.0% | 28.23% |
| Lake Worth Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 339 | 1.0% | $794 |
| $300 to $499 | 458 | 1.0% | $1244 |
| $500 to $749 | 2,907 | 11.0% | $1919 |
| $750 to $999 | 7,155 | 29.0% | $2669 |
| $1,000 to $1,499 | 10,725 | 43.0% | $3794 |
| $1,500 or more | 2,843 | 11.0% | $5444 |
| Streets in Lake Worth Area | Homeowners Insurance Cost |
|---|---|
| Hammock Ct, Plumage Ln, S H St, Emerald Sky Ln, Centurian Way, 47th Ct S, Tall Cypress Cir, Irene Ave, Jackson Dr, Tangelo Ave | $1,112 |
| 42nd Ave S, Herndon Dr, E Mountain Dr, Nicia Way, Faith St, Florida St, Carandis Rd, Marshall Rd, Lucerne Lakes Blvd W, Saint Barbara St | $1,141 |
| Erika Pl, Julie Tonia Dr, Villa Dr S, E Dolphin Ridge Rd, Soundings Ct, 2nd Ave S, Landings Run, Venus Ave, S Margaret Ct, Diamond Ln | $1,147 |
| Violet Ave, Herbertz Rd, Edgewater Ter, Cedarcrest Rd, Pioneer Rd, W Browning Dr, Forest Rd, Colonial Blvd, 5th Ave N, 14th Ave S | $1,142 |
| S Eric Cir, Starblaze Dr, Oak View Ln, Cll del Rosa, S East Coast St, Plumosa St, Canal Dr, Chase Ct, Woods Bend Rd, Valley Way | $1,161 |
| Barnett Dr, Seaside Dr, 16th Pl S, Pine Lake Ct, N L St, Via Palma, Daphne Dr, Dudley Dr E, Akron Rd, Bonnie Dr | $1,136 |
| Mil-Pond Ct, Mil-Lake Cir, Lee Ct, Miss Piney Rd, Lee Dr, Collinwood Ln, N Margaret Ct, Sedgewick Ct, 10th Ave S, Woodstone Cir W | $1,150 |
| Blue Stone Ln, Starkeys Pl, Holiday Dr, Dorothea Dr, Pretty Ln, Thompson Way, Wenhart Rd, W Chandler Rd, Lone Pine Way, Dudley Dr W | $1,120 |
| Taylor Rd, Jaczko Ln, Roy Dr, Pineway Ter, Garand Ln, Evelyn Ct, Louis Dr, Coconut Dr, 56th Ter S, Wash Rd | $1,140 |
| Susan Ct, Bresee Rd, Nanette Ct, Blue Baneberry Ln, Cotswold Hills Dr, S Palmway, N Olive Ave, Dell Ave, S Price St, Santa Fe Rd | $1,145 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Lake Worth | $171 to $174 |
| Lakewood Gardens | $174 |
| Palm Springs | $170 |
| Kenwood Estates | $171 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Southern Oak Insurance | $4,198 |
| 150,000 | 27 | YES | Castle Key Indemnity Company Insurance | $1,925 |
| 150,000 | 27 | YES | Florida Family Insurance | $1,567 |
| 150,000 | 27 | YES | Liberty Mutual Fire Insurance | $2,031 |
| 150,000 | 27 | YES | United Property & Casualty Insurance | $2,282 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $900 | $6,900 |
| Yearly Lake Worth Homeowner Insurance Premium Example | $3,800 | $2,800 |
| Out of Pocket Expense During Claim | $900 | $6,900 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $27,500 | $26,500 |
| Net Savings to Lake Worth Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Lake Worth, FL Home Replacement Value MORE than Home Value | Lake Worth, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $134,000 | $89,000 |
| Insurance Premium based on Replacement Value | $2,825 | $1,875 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $18,000 | Risk Exposure from Under Insuring Coverage is $27,000 |
| Premium Impact | Insurance cheaper by $575/year | Insurance costlier by $375/year |
| Insurance Company | State Farm | Travelers | Chubb Group of Insurance |
| Monthly Premium | 113 | 346 | 345 |
| Year Built | 1983 | 1995 | 1961 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 4 Beds, 3 Baths |
| Coverage Amount | $75000-$100000 | $175000-$200000 | $200000-$250000 |
| Deductible | $2500-$5000 Deductible | $500 Deductible | $500 Deductible |