Miami-Dade County, FL Home Insurance - Analysis On Quotes, Rates & Agents
Miami-Dade County Insurance Rates:
Miami-Dade County, FL homeowners insurance is approximately $1,023 to $1,384, about $85-$115/month. Our complete guide indicates shoppers can save as much as $481 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
What is the Average Home Insurance Cost in Miami-Dade County, FL
In Miami-Dade County, FL, the average home insurance rates are $2021. Florida is projected to be at risk for high floods due to sea-level rise. Home insurance considers the state you live in and the exposure to natural hazards while determining the home insurance rates in Miami-Dade County, FL. Home insurance is a way of protecting yourself against unexpected expenses. It will help pay for the repairs of your house and belongings if they are destroyed or severely damaged by a covered cause such as fire, lightning, or theft.
a. By choosing a higher deductible
A deductible is the amount of money you agree to pay towards a claim before your insurance company pays the remaining balance. It is an essential part of how claims are paid and can affect your home insurance rates in Miami-Dade County, FL. For example, homeowners paying a deductible of 500 and 1500 pay a premium of $1996.75 and $1700.47 on homeowners insurance in Miami-Dade County, FL. In contrast, homeowners paying a deductible of 2000 and 2500 pay $1543.64 and $1451.08, respectively. Therefore, the higher the deductible, the lower the homeowners insurance rates in Miami-Dade County, FL.
b. By installing security features
Home security systems are devised to rescue your family and home from perilous situations, such as fire and burglary. The presence of certain safety features in your home can pave the way for discounts with some insurance providers. For example, features like deadbolts, alarm systems, sprinkler systems can get you discounts on home insurance rates. For example, a deadlock can hold the robbers away from your home or make it tough for them to break into your home. Home insurance offers a discount as robbery probability will be less in homes with deadbolts. For example, homes with deadbolts in Miami-Dade County, FL, pay $1859.32 on home insurance.
c. By maintaining a zero claims history
The claim history is a detailed report of all claims filed with your insurance company under your insurance policy. It includes specific details about the subject matter of the loss, what caused it, and how much was covered by the company. The cost of insurance is decided after analyzing the number of claims. Hence, the fewer the claims, the lower the home insurance rates in Miami-Dade County, FL. For example, homeowners in Miami-Dade County, FL, with zero claims history, have to pay a premium of $1778.48. In contrast, homeowners with one or two claims have to pay $2122.05 and $2263.52 on homeowners insurance in Miami-Dade County, FL.
Miami-Dade County, FL Homeowners Insurance By Home Value
| Miami-Dade County, FL Home Value | Total Homes | % of Total | Average Miami-Dade County, FL Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 16,280 | 4.0% | $132 |
| $50,000 to $59,999 | 6,316 | 1.0% | $276 |
| $60,000 to $69,999 | 8,573 | 2.0% | $349 |
| $70,000 to $79,999 | 10,984 | 2.0% | $397 |
| $80,000 to $89,999 | 12,876 | 3.0% | $457 |
| $90,000 to $99,999 | 10,624 | 2.0% | $505 |
| $100,000 to $124,999 | 36,263 | 9.0% | $589 |
| $125,000 to $149,999 | 24,717 | 6.0% | $734 |
| $150,000 to $174,999 | 47,068 | 12.0% | $878 |
| $175,000 to $199,999 | 33,329 | 8.0% | $1011 |
| $200,000 to $249,999 | 62,832 | 16.0% | $1216 |
| $250,000 to $299,999 | 51,729 | 13.0% | $1492 |
| $300,000 to $399,999 | 63,526 | 16.0% | $1890 |
Top Home Insurance Agents Near Miami-Dade County, FL
| Home Insurance Company Near Miami-Dade County, FL | Homeowners Insurance Agency Near Miami-Dade County, FL | Address |
|---|---|---|
| Allstate | Angelo Torres | 2000 Banks Rd Ste 217, Margate, FL, 33063 |
| Allstate | Frank Galluzzo | 1945 N University Dr Ste 106, Coral Springs, FL, 33071 |
| Travelers | Marsh Usa-Sunrise Fl | 1560 SAWGRASS CORP PKWY STE 300, SUNRISE, FL, 33323 |
| Travelers | Mdw Insurance Group Inc | 362 MINORCA AVE, CORAL GABLES, FL, 33134 |
| Allstate | Nicola Myco | 15800 Pines Blvd Ste 208, Pembroke Pines, FL, 33027 |
Miami-Dade County, FL Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Miami-Dade County, FL
| Streets in Miami-Dade County Area | Homeowners Insurance Cost |
|---|---|
| W 73rd St, Pine Island Rd, W 24th Ln, W 71st St, SW 142nd Place Cir, SW 193rd Ct, W 32nd Ave, 27th Way, Laurel Ln, SW 133rd Dr | $1,193 |
| Bird Ave, NW 166th Ter, NW Franklin Ct, Pamona Ave, SW 321st St, Espanola Way, Cascada Blvd, Gibralter Ave, E 40th St, NW 58th Ln | $1,543 |
| NE 1st Dr, NE 110th Ter, SW 53rd Ct, SE 3rd Rd, Marabella Ave, Railroad Dr, NW 188th Ln, NE 36th Pl, NW 156th St, NE 38th Rd | $1,103 |
| E 48th St, NW 174th Ln, NE 106th St, SW 23rd Ct, NW 62nd Pl, Surfside Blvd, SW 116th Ln, SW 133rd Court Dr, SW 109th Ln, SW 190th Ter | $1,200 |
| SW 136th Ter, Rutland St, Morningside Rd, SW 75th Ln, 197th Ter, Bobolink Dr, SW 41st Ln, NE 38th Ct, NW 60th Pl, SW 29th Pl | $1,290 |
| SW 38th Ct, W 55 Pl, 6th Ter, Garfield Dr, SW 32nd Ct, SE 12th Ter, Ventura Ave, SW 88th Rd, NW 199th Ln, SE 4th Pl | $1,161 |
| SE 21st Dr, Carter St, SW 259th Ter, NW 47th Pl, Madison Ln, Bianca Ave, Larry Paskow Way, S Fieldlark Ln, NW 187th Ave, Maggiore St | $1,153 |
| SW 118th Ln, NW 198 St, Bird Ave, Redbird Ave, SW 266th Ter, N Kendale Lakes Cir, E 47th St, SW 129th Path, SW 304th Ter, NE 10th Place Way | $1,258 |
| NW 108th Ln, SW 75th Circle Ln, Dickens Ave, Tyler St, Mokena Dr, Madruga Ave, Surfside Blvd, SW 70th Ln, SW 142 Ct, W Suburban Dr | $1,339 |
| NW 15th Pl, NE 22nd Ln, N Glades Dr, NW 147th Street Dr, Bethune Dr, SW 55th Ave, NE 211th Ter, Beechwood Dr, Kippford Ct, W 58th Ter | $1,115 |
Miami-Dade County, FL Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Miami-Dade County | $180 to $182 |
| Country Walk | $183 |
| Richmond West | $180 |
| The Hammocks | $181 |
Miami-Dade County, 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 |
|---|---|---|---|
| Country Walk CDP, Florida | $153 | $203 | $305 |
| Richmond West CDP, Florida | $151 | $201 | $301 |
| The Hammocks CDP, Florida | $151 | $201 | $302 |
Miami-Dade County, 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 |
|---|---|---|
| Miami-Dade County, FL | 5.4% | 17.1% |
| Country Walk | 4.41% | 13.0% |
| Richmond West | 5.1% | 18.19% |
| The Hammocks | 5.23% | 15.43% |
Miami-Dade County Renters Insurance as a Percentage of Rent
| Miami-Dade County Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 9,464 | 2.0% | $328 |
| $200 to $299 | 11,405 | 3.0% | $778 |
| $300 to $499 | 13,214 | 3.0% | $1228 |
| $500 to $749 | 38,313 | 11.0% | $1903 |
| $750 to $999 | 78,437 | 22.0% | $2653 |
| $1,000 to $1,499 | 126,092 | 36.0% | $3778 |
| $1,500 or more | 67,321 | 19.0% | $5428 |
Average Cost Of Home Insurance By Company In Areas Nearby Miami-Dade County For Different Scenarios
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | First Protective Insurance | $4,197 |
| 150,000 | 27 | NO | Universal Insurance | $8,057 |
| 150,000 | 27 | YES | American Traditions Insurance | $2,004 |
| 150,000 | 27 | YES | Tower Hill Signature Insurance | $4,410 |
| 150,000 | 27 | YES | Universal Insurance | $3,970 |
| 300,000 | 12 | NA | Citizens Property Insurance | $3,728 |
Latest Home Insurance Reviews by Location
Miami, FL
Farmer's InsuranceI would absolutely recommend Farmers to anyone looking for home insurance. I have received grade-A service and am very happy with my policy.
Aventura, FL
UsaaAt this point I do not know even if I will be keeping this company so I do not recommend. I hear that it used to be a great insurance company but that was many years back.
Kendall, FL
NationwideI would recommend them because for standard products, you can get everything through them and their pricing is very competitive. Also, they have very good customer service.
Miami Beach, FL
Farmer's InsuranceI would recommend Farmers because they are easy to contact, provide great coverage at affordable rates and have a local branch.
Coral Gables, FL
UsaaI absolutely love my home insurance company . I have had 2 claims in the last 3 years due to wind and hail and they made the process so easy.
Homestead, FL
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.
South Miami Heights, FL
Tower Hill InsuranceA good local company.They send out communications frequently.I have also seen them on Facebook.They have a big customer base in Florida and have been around many years.
Cutler Bay, FL
State FarmI think it is a resonable price for the service based on my understanding of the insurance market. I haven't specificly done a comparision to know fo rsure.
Hialeah, FL
Assurant Specialty PropertyI would recommend Assurant because overall they have friendly and courteous customer service that will go above and beyond to resolve your issue.
Doral, FL
UsaaI would recommend them because they really take the time to make sure that as a customer you are well taken care of.