Plantation Homeowners Insurance
- Homeowner
- /
- Plantation Homeowners Insurance
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 $5,607 per year for a $150,000 house, $9,699 for a $300,000 house and $12,939 for a $450,000 house. That’s well above the state’s average of $2,533, $4,386 and $5,849 for those priced homes — 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 Cost of Homeowners Insurance in Plantation for 2022
Company
ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average
$150,000 House
$5,702
$3,500
$5,783
$8,079
$3,812
$8,226
$4,541
$5,943
$5,607
$300,000 House
$10,007
$6,144
$10,150
$14,176
$6,693
$14,428
$7,969
$10,424
$9,699
$450,000 House
$13,859
$8,478
$14,043
$19,641
$9,220
$20,094
$11,028
$14,521
$12,939
We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.
Florida Office of Insurance Regulation Premium Consideration Factors
The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the 2022 rate filings from the state’s largest insurers and can be utilized as an average of what Floridians can expect to pay for homeowners insurance each year.
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.
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.
2001-Present Construction
This risk is for a Florida masonry home with a current replacement value of $300,000, 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.
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 House in Plantation for 2022
Company
ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average
Pre-2001 No Wind
$8,285
$5,167
$9,268
$11,986
$5,700
$15,134
$6,637
$10,874
$8,880
Pre-2001 w/ Wind
$4,679
$2,488
$3,744
$6,453
$2,503
$4,630
$3,608
$3,441
$4,135
2001-Present
$4,143
$2,845
$4,338
$5,797
$3,233
$4,914
$3,378
$3,514
$3,804
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 $4,135 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 $3,804 per year. But companies like Citizens and Universal Property & Casualty Insurance Company offer the best average premiums.
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 and $450,000 homes in the city.
$300,000 House in Plantation for 2022
Company
ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average
Pre-2001 No Wind
$14,499
$9,042
$16,219
$20,976
$9,975
$26,485
$11,615
$19,030
$15,334
Pre-2001 w/ Wind
$8,188
$4,354
$6,552
$11,293
$4,380
$8,103
$6,314
$6,022
$7,160
2001-Present
$7,333
$5,036
$7,678
$10,260
$5,723
$8,697
$5,978
$6,220
$6,604
$450,000 House in Plantation for 2022
Company
ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average
Pre-2001 No Wind
$20,713
$12,918
$23,170
$29,965
$14,250
$37,835
$16,593
$27,185
$20,732
Pre-2001 w/ Wind
$11,698
$6,220
$9,360
$16,133
$6,258
$11,575
$9,020
$8,603
$10,115
2001-Present
$9,166
$6,295
$9,598
$12,825
$7,154
$10,871
$7,473
$7,775
$8,082
We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.
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.
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 Coverage
Covers your home’s structure and the things that help create it, including the fireplace, windows, doors and flooring.
Other Structures Coverage
Covers structures on your property not attached to your house, such as a fence, detached garage, carport or shed.
Personal Property Coverage
Covers the personal belongings you keep inside or on your property, such as a TV, electronics, lawnmower and clothes.
Loss of Use Coverage
Reimburses you for additional living expenses if you’re forced to move from your home while it’s being rebuilt or repaired.
Liability Coverage
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 Coverage
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.
We partner with the nation's top homeowners insurance companies so you can get a custom policy at an affordable price.
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.