Plantation ,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 Plantation, 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 Plantation, FL is $1982. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Plantation, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Plantation, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $793 |
| $200,000 | $1,348 |
| $300,000 | $1,665 |
| $400,000 | $2,537 |
| $500,000 | $3,191 |
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 Plantation, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,032 |
| $1000 Deductible | $1,817 |
| $1500 Deductible | $1,714 |
| $2500 Deductible | $1,546 |
| $5000 Deductible | $1,308 |
| Home Insurance Company Near Plantation, FL | Homeowners Insurance Agency Near Plantation, FL | Address |
|---|---|---|
| NA | Assure-Us | 1880 Ne 163Rd St N Miami Beach, North Miami Beach, FL, 33162 |
| Travelers | Bill Daly Insurance Agency Inc | 10235 W SAMPLE RD STE 203, CORAL SPRINGS, FL, 33065 |
| State Farm | Dwight Richterkessing | 4268 Northlake Blvd, Palm Bch Gdns, FL, 33410-6224 |
| Allstate | Eduardo Ferraz | 1110 Brickell Ave Ste 105, Miami, FL, 33131 |
| Liberty Mutual Independent | Evergreen Insurance | 583 105Th Ave North Ste 2 , Royal Palm Beach, FL, 33411 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Sunrise city, Florida | $175 | $233 | $350 |
| Lauderhill city, Florida | $172 | $229 | $344 |
| Tamarac city, Florida | $173 | $230 | $345 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Plantation, FL | 5.7% | 18.5% |
| Sunrise | 5.75% | 19.11% |
| Lauderhill | 6.31% | 18.71% |
| Tamarac | 6.46% | 17.54% |
| Plantation Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 316 | 1.0% | $1237 |
| $500 to $749 | 1,638 | 5.0% | $1912 |
| $750 to $999 | 6,824 | 22.0% | $2662 |
| $1,000 to $1,499 | 14,502 | 47.0% | $3787 |
| $1,500 or more | 6,838 | 22.0% | $5437 |
| Streets in Plantation Area | Homeowners Insurance Cost |
|---|---|
| Redwood Cir, Gardenia Rd, Rose Ter, Heron Lake Ter, NW 21st Manor, 18th Ct, NW 95th Way, Guava Dr, Lake Heron Ave, Harrier St | $1,272 |
| Dogwood Cir, Red Cypress Ln, NW 130th Ter, NW 28th Manor, Sago Palm Blvd, Winding Lake Rd, Pebble Creek Way, NW Paradise Pl, NW 55th Ln, Sago Palm Cir | $1,211 |
| Harbor Isle Way, Tuscany Dr, SW 96th Ave, 93rd Ave, NW 8th Dr, SW 93rd Rd, S State Rd 7, 121st Ave, S Plum Bay Pkwy, W Plum Harbor Way | $1,153 |
| 59th Ave, Lime Bay Blvd, Shaker Wood Cir, NW 33rd Pl, Jacaranda Ln, NW 131st Ave, Magnolia Cir, Belmont Ln, King Palm Dr, Bayberry Ln | $1,211 |
| NW 134th Way, State St, SW 94 Ter, Hawks Lndg, Wedgewood Way, Queen Palm Ln, Wedgewood Ter, Tuscany Ter, Jacaranda Ctry Club Dr, NW 54th Way | $1,159 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Plantation | $175 to $177 |
| Sunrise | $174 |
| Lauderhill | $171 |
| Tamarac | $172 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Federated National Insurance | $5,446 |
| 150,000 | 27 | NO | Security First Insurance | $4,506 |
| 150,000 | 27 | NO | United Property & Casualty Insurance | $7,331 |
| 150,000 | 27 | YES | Florida Farm Bureau Casualty Insurance | $1,382 |
| 150,000 | 27 | YES | Southern Fidelity Insurance | $2,681 |
| 300,000 | 12 | NA | Citizens Property Insurance | $3,176 |
| 300,000 | 12 | NA | Safeway Property Insurance | $3,420 |
| 300,000 | 12 | NA | Stillwater Property And Casualty Insurance | $4,096 |
| 300,000 | 12 | NA | Tower Hill Select Insurance | $3,761 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $6,700 |
| Yearly Plantation Homeowner Insurance Premium Example | $5,400 | $4,400 |
| Out of Pocket Expense During Claim | $1,700 | $6,700 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $34,100 | $33,100 |
| Net Savings to Plantation Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Plantation, FL Home Replacement Value MORE than Home Value | Plantation, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $167,500 | $104,500 |
| Insurance Premium based on Replacement Value | $3,175 | $1,975 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $45,000 | Risk Exposure from Under Insuring Coverage is $18,000 |
| Premium Impact | Insurance cheaper by $325/year | Insurance costlier by $875/year |
| Insurance Company | GEICO Insurance | Travelers | Liberty Mutual |
| Monthly Premium | 162 | 203 | 423 |
| Year Built | 2003 | 1996 | 1973 |
| Home Details | 4 Beds, 3 Baths | 2 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $125000-$150000 | $100000-$125000 | $300000-$350000 |
| Deductible | $2500-$5000 Deductible | $500- $1000 Deductible | $500- $1000 Deductible |