Miramar ,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 Miramar, 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 Miramar, FL is $2044. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Miramar, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Miramar, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $818 |
| $200,000 | $1,390 |
| $300,000 | $1,717 |
| $400,000 | $2,616 |
| $500,000 | $3,291 |
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 Miramar, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,096 |
| $1000 Deductible | $1,874 |
| $1500 Deductible | $1,768 |
| $2500 Deductible | $1,594 |
| $5000 Deductible | $1,349 |
| Home Insurance Company Near Miramar, FL | Homeowners Insurance Agency Near Miramar, FL | Address |
|---|---|---|
| Allstate | Cathy Surman | 6099 Stirling Rd Ste 102, Davie, FL, 33314 |
| Travelers | Equiinsurance | 6839 Main St , Miami Lakes, FL, 33014 |
| State Farm | Kay Riordan | 18253 Pines Blvd, Pembroke Pnes, FL, 33029-1418 |
| Allstate | Patrick Brady | 901 SE 17th St, Fort Lauderdale, FL, 33316 |
| Liberty Mutual Independent | Usi Insurance Services Llc | 201 ALHAMBRA CIR STE 801, CORAL GABLES, FL, 33134 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Miramar-Pembroke Pines CCD, Broward County, Florida | $180 | $240 | $360 |
| Country Club CDP, Florida | $176 | $234 | $351 |
| Palm Springs North CDP, Florida | $184 | $245 | $368 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Miramar, FL | 4.7% | 15.0% |
| Miramar-Pembroke Pines | 4.78% | 16.99% |
| Country Club | 6.05% | 17.47% |
| Palm Springs North | 4.69% | 18.11% |
| Miramar Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $500 to $749 | 358 | 4.0% | $1903 |
| $750 to $999 | 1,010 | 11.0% | $2653 |
| $1,000 to $1,499 | 3,181 | 36.0% | $3778 |
| $1,500 or more | 4,004 | 46.0% | $5428 |
| Streets in Miramar Area | Homeowners Insurance Cost |
|---|---|
| N Bermuda Dr, Harbour Blvd, SW 200th Ter, Andora Pl, Emerald Lake Dr, SW 140th Way, SW 175th Way, Largo Dr, SW 176th Ter, N Missionwood Cir | $1,160 |
| SW 82nd Pl, SW 136th Ter, SW 163rd Ave, Atlantic Dr, Gulfstream Dr, Island Dr, SW 116th Way, Chelsea Dr, S 33rd St, N Cresent Dr | $1,149 |
| W Meridian St, Sable Palm Dr, SW 69th Way, Monarch Lakes Blvd, Bernard Blvd, Pacific Way, SW 47th Mnr, SW 192nd Ave, SW 35th Pl, SW 99 Th Way | $1,190 |
| Coral Blvd, SW 24th Pl, Bermuda Pl, Bass Creek Rd, Periwinkle St, Gaucho Trl, Petunia Dr, Royal Palm Ave, SW 128th Way, W Lake Pl | $1,167 |
| SW 157th Ave, Corona St, Blue Gill Rd, SW 69th Way, SW 183rd Ave, Turf Rd, Normandy St, Encino St, Riverdale Dr S, W Meadows Cir | $1,192 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Miramar | $179 to $181 |
| Miramar-Pembroke Pines | $180 |
| Country Club | $175 |
| Palm Springs North | $183 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | American Traditions Insurance | $5,610 |
| 150,000 | 27 | NO | Liberty Mutual Fire Insurance | $5,621 |
| 150,000 | 27 | NO | Security First Insurance | $4,506 |
| 150,000 | 27 | YES | Florida Farm Bureau Casualty Insurance | $1,382 |
| 300,000 | 12 | NA | Florida Family Insurance | $3,706 |
| 300,000 | 12 | NA | Safeway Property Insurance | $3,420 |
| 300,000 | 12 | NA | Southern Fidelity Insurance | $5,127 |
| 300,000 | 12 | NA | Stillwater Property And Casualty Insurance | $4,096 |
| 300,000 | 12 | NA | Universal Insurance | $4,678 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $700 | $4,700 |
| Yearly Miramar Homeowner Insurance Premium Example | $3,300 | $2,300 |
| Out of Pocket Expense During Claim | $700 | $4,700 |
| Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim | $17,200 | $16,200 |
| Net Savings to Miramar Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Miramar, FL Home Replacement Value MORE than Home Value | Miramar, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $183,000 | $111,000 |
| Insurance Premium based on Replacement Value | $2,925 | $1,775 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $33,000 | Risk Exposure from Under Insuring Coverage is $39,000 |
| Premium Impact | Insurance cheaper by $625/year | Insurance costlier by $525/year |
| Insurance Company | State Farm | Travelers | Chubb Group of Insurance |
| Monthly Premium | 284 | 504 | 339 |
| Year Built | 1999 | 1984 | 2004 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 1 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $250000-$300000 | $350000-$400000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $5000 to $10,000 Deductible |