West Palm 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 West Palm 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 West Palm Beach, FL is $1972. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in West Palm Beach, FL. VHome Insurance will help you navigate the world of homeowners insurance coverages in West Palm Beach, FL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $789 |
| $200,000 | $1,341 |
| $300,000 | $1,656 |
| $400,000 | $2,524 |
| $500,000 | $3,175 |
Home insurance costs in West Palm 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 |
|---|---|
| 033412 | $2,010 |
| 33414 | $2,003 |
| 33413 | $1,912 |
| 33405 | $1,921 |
| 33401 | $1,915 |
| 33407 | $1,852 |
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 West Palm Beach, FL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,022 |
| $1000 Deductible | $1,808 |
| $1500 Deductible | $1,706 |
| $2500 Deductible | $1,538 |
| $5000 Deductible | $1,302 |
| Home Insurance Company Near West Palm Beach, FL | Homeowners Insurance Agency Near West Palm Beach, FL | Address |
|---|---|---|
| NA | We Insure Florida, Inc. | 825 Parkway Plaza Ste 32, Jupiter, FL, 33477 |
| Allstate | Amanda Mcdonald O Neal | 635 N Main St Ste G, Coral Springs, FL, 33067 |
| Allstate | Ann-Marie Batten | 10130 Northlake Blvd Ste 212, West Palm Beach, FL, 33412 |
| Travelers | Fiorella Insurance Agency Inc | 515 Se Central Pkwy, Stuart, FL, 34994 |
| Travelers | Prestige Underwriters | 2900 Oakland Park Blvd Ste 200 Ft. Lauderdale, Fort Lauderdale, FL, 33306 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Palm Beach town, Florida | $198 | $263 | $395 |
| Cloud Lake town, Florida | $147 | $196 | $294 |
| Glen Ridge town, Florida | $157 | $209 | $313 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| West Palm Beach, FL | 6.0% | 18.1% |
| Palm Beach | 3.3% | 13.18% |
| Cloud Lake | 6.73% | 27.27% |
| Glen Ridge | 4.86% | 16.05% |
| West Palm Beach Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 496 | 2.0% | $340 |
| $200 to $299 | 527 | 2.0% | $790 |
| $300 to $499 | 806 | 3.0% | $1240 |
| $500 to $749 | 3,452 | 14.0% | $1915 |
| $750 to $999 | 6,854 | 27.0% | $2665 |
| $1,000 to $1,499 | 9,152 | 37.0% | $3790 |
| $1,500 or more | 3,353 | 13.0% | $5440 |
| Streets in West Palm Beach Area | Homeowners Insurance Cost |
|---|---|
| Sheffield G, East Pkwy, 73rd Way, Ontario Pl, Lincoln St, Frank St, Pamela Ln, Hampton Rd, Primavera Way, Division Ave | $1,143 |
| Via Las Brisas, Briarwood Ave, 21st St, N Lake Way, Century Blvd, Dora Ln, Anthony Cir S, 19th St, Pine Cone Ln, Faith Ave | $1,130 |
| 17th St, Fox Trce, Park Cir W, Henrietta Ave, Cheerful St, N Ware Dr, Chadbourne Ct, Essex Ln, Elwa Pl, N 62nd Dr | $1,227 |
| Hemstreet Pl, Tiffany Dr S, Eiffel Dr, Henrietta Ave, Southdale Rd, Cherry Ln, 30th Ct, Crescent Creek Way, Nottingham Blvd, Green St | $1,146 |
| Biscayne Blvd, Fair Green Rd, Worthington St, N Tamarind Ave, Fairway Dr, Mariesa Ave, Westwood Rd, Laken Dr, Corporate Way, Revere Rd | $1,154 |
| Marlene Ct, S Woods Rd, Hi Mount Rd, 12th St, Cezanne Rd, Latham Rd, 24th St, Sunrise Ave, Vallette Way, Sandpiper Dr | $None |
| Buccaneer Trl, Donnell Rd, Vincent Rd, Spencer Dr, Upland Rd, North St, Ashworth St, Erie Pl, Haverhill Ct, Owl Pointe Cir | $1,165 |
| Huron Pl, Alexander Rd, N Narcissus Ave, Hunter St, 47th Pl N, Golf Rd, Velvet Pl S, Campanelli Cir, Quartz Ter, Plantation Rd | $1,175 |
| Elmhurst Rd, 63rd Trl N, Orange Ct, Clark St, Atlantic Ave, Eiffel Dr, Jody Rd, Garden Rd, E Ibis Isle Rd, List Rd | $None |
| S Flagler Way, Edham Dr, S Lake Trl, 44th St, Emerald Ln, 53rd Ct N, Greenwood Ave, Cranesnest Way, Newton Woods Ln, Pinebreeze Ct | $1,187 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| West Palm Beach | $173 to $176 |
| Palm Beach | $237 |
| Cloud Lake | $176 |
| Glen Ridge | $187 |
| Home value ($) | Age of home (years) | Wind mitigation | Company | Average homeowners insurance premium ($) |
|---|---|---|---|---|
| 150,000 | 27 | NO | Asi Preferred Insurance | $5,015 |
| 150,000 | 27 | NO | First Protective Insurance | $3,227 |
| 150,000 | 27 | YES | Florida Peninsula Insurance | $2,581 |
| 300,000 | 12 | NA | Auto Club Insurance | $4,054 |
| 300,000 | 12 | NA | Tower Hill Signature Insurance | $3,806 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $6,800 |
| Yearly West Palm Beach Homeowner Insurance Premium Example | $3,800 | $2,600 |
| Out of Pocket Expense During Claim | $800 | $6,800 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $23,600 | $22,400 |
| Net Savings to West Palm Beach Home Owner from High Deductible Plan | $1,200 | |
| Scenario | West Palm Beach, FL Home Replacement Value MORE than Home Value | West Palm Beach, FL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $48,000 | $26,500 |
| Insurance Premium based on Replacement Value | $800 | $450 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $10,500 | Risk Exposure from Under Insuring Coverage is $11,000 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $175/year |
| Insurance Company | Travelers | GEICO Insurance | State Farm |
| Monthly Premium | 297 | 284 | 451 |
| Year Built | 1968 | 1974 | 2012 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $150000-$175000 | $150000-$175000 | $300000-$350000 |
| Deductible | $500- $1000 Deductible | $500- $1000 Deductible | $1000-$2500 Deductible |