Homeowners Insurance in Boynton Beach, Florida

Residents of Boynton Beach enjoy a relaxed town with easy beach access and year-round warm weather. The lack of tourists compared to other places in South Florida draws people to the city, and there’s enough going on involving sun and surf to keep them there.

The bountiful leisure comes at a price for homeowners, though. Its location in South Florida is prime for hurricanes, which doesn’t bode well for the price of home insurance.

We break down the average cost of homeowners insurance in Boynton Beach and what affects it below.

The average cost of Boynton Beach home insurance is about $3,781 annually.  Boynton is part of Palm Beach County, which, unfortunately, has some of the highest homeowners insurance rates in the state.

Florida overall tends to have some of the most expensive homeowners insurance in the nation, with premiums surging largely due to the severity of weather-related natural disasters. We’ve listed average costs from some popular providers in Boynton Beach below.

Homeowners insurance in Boynton Beach is above the state average rate of $2,924 yearly. But there’s a major consideration in determining the cost of Boynton Beach homeowners insurance that these averages aren’t reflecting. 

Wind mitigation, which is your house’s ability to withstand strong winds, is important in Florida for the safety of your home. Florida law also requires insurers to discount premiums for homeowners whose houses have proven wind mitigation measures in place. Wind mitigation can bring about big savings, with 50% discounts on rates feasible.

Home insurance in Boynton Beach covers a lot more than just your house. The relatively high cost of coverage may be worth it when you realize all the different aspects of financial protection you receive.

Let’s break down the common coverages that may appear on your Boynton Beach homeowners insurance.

Plenty of factors beyond wind mitigation can affect your insurance premium. To properly calculate risk, providers look at several things, some more obvious than others, to determine the cost of your homeowners insurance. While the exact considerations vary from company to company, some common ones include:

On top of these, there are some weather-related considerations insurers need to look at for Boynton Beach homeowners insurance.

Flooding in Boynton Beach can occur as a result of heavy rains, king tide, or a hurricane/tropical storm that hits the region. Also, some areas of Boynton and most properties along the coast in nearby Ocean Ridge are in federally designated flood zones, and the presence of these zones affects insurance rates.

Recently Tropical Storm Eta and Hurricane Dorian flooded parts of the city, reminding residents of the ever-present danger of floods.

Standard homeowners insurance policies don’t cover damage from flooding. To sufficiently protect your home and belongings from flood damage, you’d need a separate flood policy. Although flood insurance isn’t required by law, it could be a safe and wise investment in an area like Boynton that’s around so much water. Additionally, a mortgage lender may not lend to you if you live in a high-risk flood zone unless you have a flood insurance plan to protect against flooding in Boynton Beach.

If you live in South Florida, you’re well aware of the risk of hurricanes. Although major Boynton Beach hurricane damage has been avoided in recent years, hurricanes Matthew, Irma and Dorian came dangerously close and the town was brushed with some of their weather-related effects.

Fortunately, homeowners insurance covers many instances of hurricane damage. If you purchase a policy through Clovered, hurricanes are one of over a dozen perils you’re financially safeguarded from. A peril is anything that can cause damage or property loss. As far as Boynton Beach home insurance is concerned, hurricanes and tropical storms are a significant peril to worry about.

As we’ve outlined, Boynton Beach homeowners insurance can be costly. The best way to find savings is to compare rates from different companies to see who has the most affordable plan. At Clovered, we make this easy. Our online quote engine enables you to compare rates from top providers in the state at no cost.

We exist to make insurance easier. If you’d like to speak to a licensed agent, call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m. or email us anytime at agent@clovered.com.