Pompano Beach ,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 Pompano Beach, 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 Pompano Beach, FL is $1962. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Pompano Beach, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Pompano Beach, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $785 |
| $200,000 | $1,334 |
| $300,000 | $1,648 |
| $400,000 | $2,511 |
| $500,000 | $3,159 |
Home insurance costs in Pompano Beach 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 |
|---|---|
| 033076 | $2,118 |
| 33071 | $2,011 |
| 33062 | $1,996 |
| 33073 | $1,960 |
| 33060 | $1,897 |
| 33068 | $1,853 |
| 33069 | $1,835 |
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 Pompano Beach, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,012 |
| $1000 Deductible | $1,799 |
| $1500 Deductible | $1,697 |
| $2500 Deductible | $1,530 |
| $5000 Deductible | $1,295 |
| Home Insurance Company Near Pompano Beach, FL | Homeowners Insurance Agency Near Pompano Beach, FL | Address |
|---|---|---|
| Travelers | Ea-Westbrook Agency Inc | 11440 OKEECHOBEE BLV STE 217, ROYAL PALM BEACH, FL, 33411 |
| NA | Insurance Office Of America, Inc. | 1150 Nw 72 Ave Ste 530 , Miami, FL, 33126 |
| NA | Mack, Mack & Waltz Insurance Group, Inc. | 1211 S Military Trail, Ste. 100 Deerfield Beach, Deerfield Beach, FL, 33442 |
| NA | We Insure Florida, Inc. | 2310 Se 2Nd St Ste 3 Boynton Beach, Boynton Beach, FL, 33435 |
| NA | Aaa Insurance Agency | 15739 Pines Blvd , Pembroke Pines, FL, 33027 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Sea Ranch Lakes village, Florida | $228 | $304 | $456 |
| Lighthouse Point city, Florida | $193 | $257 | $386 |
| Lauderdale-by-the-Sea town, Florida | $200 | $266 | $399 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Pompano Beach, FL | 5.8% | 16.6% |
| Sea Ranch Lakes | 3.17% | 12.66% |
| Lighthouse Point | 4.03% | 14.38% |
| Lauderdale-by-the-Sea | 4.52% | 11.07% |
| Pompano Beach Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 158 | 1.0% | $788 |
| $300 to $499 | 392 | 2.0% | $1238 |
| $500 to $749 | 1,835 | 11.0% | $1913 |
| $750 to $999 | 4,842 | 31.0% | $2663 |
| $1,000 to $1,499 | 5,347 | 34.0% | $3788 |
| $1,500 or more | 2,759 | 17.0% | $5438 |
| Streets in Pompano Beach Area | Homeowners Insurance Cost |
|---|---|
| E McNab Rd, N Riverside Dr, SE 21st Ave, NW 7th Ter W, Race Track Rd, S Palm Aire Dr, Atlantic Blvd Exd, NE 31st Ct, SE 7th Dr, NE 23rd Pl | $1,148 |
| Victoria Dr, Avondale Dr, Terra Mar Dr, Wood Ln, Martinique Cir, Oceanwalk Ter, NW 17th Ln, Oceanwalk Ter, Glenwood Dr, Briny Ave | $1,251 |
| Blanch Ely Ave, NW 16th Pl, SE 17th Ct, SE 4th Ter, Ocean Bay Club Dr, Granada Dr, Barton Rd, SE 13th Ct, SE 8th Ct, SE 15th Ct | $1,251 |
| Nassau Bend, Dow St, E Terra Mar Dr, S Ocean Walk Ln, Wynmoor Rd N, Park Central Blvd N, NW 7th Ter E, E Copans Rd, Cedarhill Rd, SE 7th Ave | $1,264 |
| NW 40th Ter, NE 23rd Pl, Ocean Bay Club Dr, Mallard Close, Walkway Aly, Edgewood Dr, Caddie Ct, Birdie Ln, Antigua Ter, Lake Dr | $1,126 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Pompano Beach | $174 to $177 |
| Sea Ranch Lakes | $228 |
| Lighthouse Point | $192 |
| Lauderdale-by-the-Sea | $199 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Southern Oak Insurance | $4,880 |
| 150,000 | 27 | NO | Stillwater Property And Casualty Insurance | $6,061 |
| 150,000 | 27 | YES | Castle Key Indemnity Company Insurance | $1,831 |
| 150,000 | 27 | YES | Citizens Property Insurance | $1,485 |
| 150,000 | 27 | YES | First Community Insurance | $3,250 |
| 150,000 | 27 | YES | Safeway Property Insurance | $2,524 |
| 300,000 | 12 | NA | American Integrity Insurance | $3,812 |
| 300,000 | 12 | NA | Florida Farm Bureau Casualty Insurance | $2,626 |
| 300,000 | 12 | NA | Tower Hill Signature Insurance | $4,795 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $7,700 |
| Yearly Pompano Beach Homeowner Insurance Premium Example | $3,800 | $2,800 |
| Out of Pocket Expense During Claim | $1,700 | $7,700 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $28,300 | $27,300 |
| Net Savings to Pompano Beach Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Pompano Beach, FL Home Replacement Value MORE than Home Value | Pompano Beach, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $354,000 | $229,500 |
| Insurance Premium based on Replacement Value | $7,800 | $5,050 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $89,500 | Risk Exposure from Under Insuring Coverage is $35,000 |
| Premium Impact | Insurance cheaper by $775/year | Insurance costlier by $1,975/year |
| Insurance Company | State Farm | Allstate | Travelers |
| Monthly Premium | 271 | 230 | 193 |
| Year Built | 1990 | 1964 | 1977 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 4 Beds, 3 Baths |
| Coverage Amount | $175000-$200000 | $175000-$200000 | $150000-$175000 |
| Deductible | $1000-$2500 Deductible | $1000-$2500 Deductible | $5000 to $10,000 Deductible |