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Homeowners Insurance in Plantation, FL: Average Cost, More

By Jarrod Heil

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With a population of more than 85,000, Plantation, Florida is in the heart of Broward County (just west of Fort Lauderdale) and is accounted for as a principal city in the Miami metropolitan area.

Given its prime location in the South Florida travel corridor — and its borders to the Florida Turnpike and interstates 75, 95 and 595 — Plantation is the perfect spot for commuters to all locations in South Florida.

All of those factors, coupled with its more reasonable housing prices, are why people are flocking to the city to purchase their next home. But before purchasing a home in the city, you must be aware of the average cost of home insurance in Plantation, Florida, what it covers and many other facets. Let’s take a look.

Average Cost of Home Insurance in Plantation, Florida

The average cost of homeowners insurance in Plantation, Florida is $4,688 per year for a $150,000 house. That’s well above the state’s average of $2,043 — and still considered very expensive on the national stage.

But the average costs are determined by a multitude of factors, including which company you choose, when your home was built, your coverage amounts, deductibles and claims history. Let’s start with the companies first and work our way through some of the other most important factors.

Average Homeowners Insurance Cost in Plantation for a $150,000 House


ASI$5,379
Citizens$3,497
FedNat$3,605
Florida Penn$6,188
Liberty Mutual$3,688
People’s Trust$6,648
State Farm$3,857
UPCIC$4,644
Average$4,688

Aside from the aforementioned factors, your home’s wind mitigation factors and the year it was built have the biggest impacts on your rate. The state’s building codes were updated in 2001 to help prevent hurricane damage, so homeowners living in a home constructed from 2001 to the present day enjoy far more affordable premiums.

☘ $150,000 Value – Pre-2001 Construction w/ Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for maximum wind mitigation features.

☘ $150,000 Value – Pre-2001 Construction w/ No Wind Mitigation: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for no wind mitigation features.

☘ $150,000 Value – 2001-Present Construction: This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past three years, and minimum premium discounts for limited wind mitigation features and no hip roof.

*Wind Mitigation: A wind mitigation is any protection on your home that helps decrease the damage caused by strong winds like a hurricane. This can include certain roof attachments and coverings, extra water-resistant seals and impact-resistant doors and windows. Wind mitigations typically result in deep discounts on your home insurance premiums, so you’ll want to get one.

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$150,000 Value Pre-2001 Construction
W/ Wind Mitigation

$4,570
$2,276
$2,668
$5,084
$2,503
$3,817
$3,352
$2,658
$3,366

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$7,974
$5,885
$5,510
$9,397
$5,700
$12,536
$5,644
$8,861
$7,688

$150,000 Value 2001-Present Construction

$3,594
$2,331
$2,637
$4,083
$2,862
$3,591
$2,575
$2,412
$3,010

*Insurers are required to send in their average annual homeowners insurance premiums once per year to the Florida Office of Insurance Regulation, so the rates shown above are the average rates you can expect in Plantation.

When digging deeper into the numbers and negating the drastic increase in premiums for homes built before 2001 with no wind mitigation features, the average cost of home insurance in Plantation is closer to $3,100 for homes with wind mitigation in effect.

Homeowners with post-2001 construction homes have those features built in, so they enjoy the lowest averages at $3,010 per year. But companies like Citizens and Universal Property & Casualty Insurance Company offer the best average premiums at $2,331 and $2,412 — the only two in the city boasting averages under $2,500 per year.

It’s Time to Switch Your Homeowners Insurance

We partner with Plantation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

But home prices in Plantation have been steadily rising, along with the rest of the state, so you may be hard-pressed to find a house for $150,000 these days. Let’s take a look at the average premiums for $300,000 homes in the city.

Average Homeowners Insurance Cost in Plantation for a $300,000 House


ASI$10,758
Citizens$6,995
FedNat$7,210
Florida Penn$12,376
Liberty Mutual$7,376
People’s Trust$13,296
State Farm$7,714
UPCIC$9,287
Average$9,376

Homeowners
Insurance
Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$300,000 Value Pre-2001 Construction
W/ Wind Mitigation

$9,140
$4,552
$5,336
$10,168
$5,006
$7,634
$6,704
$5,316
$6,732

$300,000 Value Pre-2001 Construction
No Wind Mitigation

$15,948
$11,770
$11,020
$18,794
$11,400
$25,072
$11,288
$17,722
$15,377

$300,000 Value 2001-Present Construction

$7,187
$4,662
$5,274
$8,165
$5,723
$7,181
$5,149
$4,824
$6,021

Choosing the Best Plantation, Florida Home Insurance Agency

As an insurance agency operating in Plantation and headquartered nearby in Fort Lauderdale, Clovered is at the forefront of the homeowners insurance evolution. We’ve partnered with the best home insurance companies in the area so we can provide you with the best policies at the best prices.

As mentioned earlier, Citizens and Universal Property & Casualty Insurance Company have the best average rates, and we partner with both of them. Additionally, we can offer policies from FedNat, Florida Penn, People’s Trust and many other insurers. So you can always count on Clovered to have the best premiums.

Plus getting a quote is quick, easy and free. All you have to do is answer a few questions about your property in our online quoting engine, we’ll pull your home’s data and offer you a customized policy that fits your budget.

State Farm Insurance in Plantation, Florida

While State Farm is one of the largest auto carriers in Florida, it doesn’t do as much business in Florida’s housing sector. Since it takes on much less risk by not writing as much business in the area, the average premiums are on the more affordable side at $3,857 per year for a $150,000 house.

It’s Time to Switch Your Homeowners Insurance

We partner with Plantation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

What Does Home Insurance in Plantation, Florida Cover?

Plantation home insurance covers a variety of things pertaining to your property, including your home, personal belongings and many other structures that may be located on the property. But let’s take a look at some coverage examples.

Dwelling: Covers your home’s structure and the things that help create it, including the fireplace, windows, doors and flooring.

Other Structures: Covers structures on your property not attached to your house, such as a fence, detached garage, carport or shed.

Personal Property: Covers the personal belongings you keep inside or on your property, such as a TV, electronics, lawnmower and clothes.

Loss of Use: Reimburses you for additional living expenses if you’re forced to move from your home while it’s being rebuilt or repaired.

Liability: Helps to pay for injuries or other property damages that the policyholder is found liable for, such as a broken bone and legal fees.

Medical Payments: Utilized to pay for small medical bills if someone was injured on your property, whether you’re at fault or not.

How to Get the Best Homeowners Insurance in Plantation, Florida

Since we partner with the top home insurance companies in Plantation, using our online quoting platform is the best way to get a quote. Just answer a few questions about your property, we’ll run some numbers behind the scenes and then pair you with the perfect policy at the right price.

You can also call one of our many in-house agents at 833-255-4117 from 8:30 a.m. to 6 p.m. Monday through Friday or reach them via email at agent@clovered.com.

It’s Time to Switch Your Homeowners Insurance

We partner with Plantation’s top homeowners insurance companies so you can get a custom policy at an affordable price.