Boynton Beach Homeowners Insurance

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  • Boynton Beach Homeowners Insurance

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

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

We break down the average cost of home insurance in Boynton below, with common coverages and several cost factors.

Average Cost of Homeowners Insurance in Boynton Beach, Florida

The average cost of Boynton Beach home insurance is $4,991 per year for a $150,000 house, $8,617 for a $300,000 house, and $11,317 for a $450,000 house. Boynton is part of Palm Beach County, which 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 largely due to the possibility of weather-related natural disasters. The average rate of homeowners insurance in Florida is $2,533 a year for a $150,000 house, $4,386 for a $450,000 house, and $8,617 for a $450,00 house. These are higher than the national average.

Below, we’ll look at average costs from popular providers for three different, common levels of coverage you can get and discuss many factors that affect home insurance in Boynton Beach.

Average Cost of Homeowners Insurance in Boynton Beach for 2022

Company

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

$150,000 House

$4,839
$3,681
$4,238
$7,130
$3,648
$6,832
$3,769
$5,486
$4,991

$300,000 House

$8,490
$6,464
$7,439
$12,513
$6,405
$11,990
$6,616
$9,624
$8,617

$450,000 House

$11,771
$8,894
$10,267
$17,312
$8,823
$16,595
$9,123
$13,358
$11,377

It’s Time to Switch Your Homeowners Insurance

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.

Homeowners insurance in Boynton Beach is well above the state average. 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.

Let’s break down homeowners insurance in Boynton Beach, accounting for the age of your home and the presence of wind mitigation.

$150,000 House in Boynton Beach for 2022

Company

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

Pre-2001 No Wind

$7,246
$5,523
$6,667
$10,619
$5,475
$11,673
$5,317
$9,726
$7,923

Pre-2001 w/ Wind

$3,879
$2,293
$2,626
$5,419
$2,362
$3,751
$2,873
$3,013
$3,471

2001-Present

$3,391
$3,228
$3,421
$5,352
$3,108
$5,073
$3,117
$3,718
$3,580

Wind mitigation can bring about big savings, which is evident in the numbers above. Let’s find out if these savings translate to a higher level of coverage.

Boynton Beach has some more expensive properties, especially near the coast, so a higher amount of coverage might be more suitable. Below, we have the numbers for $300,000 and $450,000 worth of home insurance in Boynton Beach. Let’s take a look.

$300,000 House in Boynton Beach for 2022

Company

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

Pre-2001 No Wind

$12,681
$9,665
$11,667
$18,583
$9,581
$20,428
$9,305
$17,021
$13,659

Pre-2001 w/ Wind

$6,788
$4,013
$4,596
$9,483
$4,134
$6,564
$5,028
$5,273
$6,006

2001-Present

$6,001
$5,713
$6,055
$9,473
$5,501
$8,979
$5,516
$6,580
$6,185

$450,000 House in Boynton Beach for 2022

Company

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

Pre-2001 No Wind

$18,115
$13,808
$16,668
$26,548
$13,688
$29,183
$13,293
$24,315
$18,371

Pre-2001 w/ Wind

$9,698
$5,733
$6,565
$13,548
$5,905
$9,378
$7,183
$7,533
$8,506

2001-Present

$7,501
$7,141
$7,569
$11,841
$6,876
$11,224
$6,895
$8,225
$7,494

It’s Time to Switch Your Homeowners Insurance

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

Boynton Beach Homeowners Insurance Coverages

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.

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.

Medical Payments Coverage

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

Boynton Beach Home Insurance Cost Factors

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

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.

Stay Above Water With Flood Insurance

Do you want to pay for costly and common flood damage yourself or have an insurance policy pick up the tab?

Boynton Beach Hurricane Damage

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.

How to Save on Homeowners Insurance in Boynton Beach, Florida

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.

Homeowners
It's Time to Switch Your Homeowners Insurance

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.