How To Make Your Miami Beach, FL Home Insurance Cheaper
Miami Beach, FL, homeowners insurance is about $1653. V Home Insurance detailed analysis provides guidance to shoppers by choosing the right insurance provider for factors such as home value, coverage, and deductible. Enter your Zip Code below and click “GO” to get multiple free quotes.
Comparison of Miami Beach, FL Home Insurance Rates with the Miami-Dade County Average
| Place | Miami-Dade County Average: $1,515.75 | $ Difference vs coutny Average | % Difference vs coutny Average | Population | Estimated Value of a Home ($) |
|---|---|---|---|---|---|
| Miami Beach, FL | $1,653.15 | 137.4 | 0.09 | 131,653 | 407,600 |
Cost of Miami Beach, FL Homeowners Insurance by Home Value and Household Income
| Nearby Places | Median Home value ($) | Median Household Income ($) | Premium Range |
|---|---|---|---|
| Miami Shores | 482,200 | 34,052 | $1,669.2 |
| Key Biscayne | 1,137,100 | 136,672 | $1,651.5 |
| Coral Gables | 750,400 | 36,427 | $1,641.9 |
| Cutler Bay | 235,000 | 6,503 | $1,478.3 |
Homeowners Insurance Comparison for the Cheapest Premiums in Miami Beach, FL
| MetLife | Progressive | People's Trust Insurance | |
| Median Home Value ($) | 407,600 | 407,600 | 407,600 |
| Age of Home | Newly Constructed Home | Above Year 50 | Year 50 Old |
| Home Coverage ($) | $300,000 -$399,999 | $400,000 -$499,999 | $1000,000 -$1499,999 |
| Total Premium ($) | $1,269.8 | $2,499.5 | $4,074.2 |
Cost of Miami Beach, FL Home insurance Premium for Different Deductibles
| Company | Deductible ($) | Coverage value | Insurance premium ($) |
|---|---|---|---|
| Liberty Mutual | 500 | $300,000-$399,999 | 1,559.1 |
| Allstate | 1500 | $400,000-$499,999 | 1,773.9 |
| MetLife | 1000 | $300,000-$399,999 | 1,494.9 |
| Progressive | 2000 | $400,000-$499,999 | 1,652.9 |
| The Hartford | 1000 | $500,000-$749,999 | 2,399.5 |
| Nationwide | 2500 | $750,000-$999,999 | 2,148.0 |
| Security First Home Insurance | 1500 | $300,000-$399,999 | 1,414.5 |
| Assurant Specialty Property | 2500 | $400,000-$499,999 | 1,451.3 |
| Travelers | 500 | $150,000-$174,999 | 579.1 |
| Farmer's Insurance | 500 | $500,000-$749,999 | 2,502.8 |