Homeowners Insurance in Davie, Florida

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Tucked between Fort Lauderdale and the Everglades, there’s no shortage of things to do in Davie, Florida. Since the city has entrances to the Florida Turnpike, I-95, I-75 and I-595, it has become a hotbed to live for those people who commute north and south to work each morning.

While housing prices continue to increase, residents of Davie should be aware of another cost associated with living there: Davie home insurance. We break down everything you should know below, including average rates, cost factors, company premiums, and more.

Average Cost of Homeowners Insurance in Davie, Florida

The average cost of homeowners insurance in Davie is about $4,517 annually, which is higher than the state average. Florida is one of the most expensive places for home insurance in the country, and South Florida, where Davie is located, is one of the priciest regions in the state.

The combination of South Florida’s high property values and significant threat of wind and flood damage (from hurricanes and tropical storms) creates very pricey property insurance premiums. We’ve included some average rates from top insurers in Davie below.

Annual Rate of Homeowners Insurance in Davie
Company Premium
American Platinum $4,245
Citizens Prop Ins. Corp. $4,587
Edison Insurance Company $5,053
Slide Insurance Company $6,262
Average $4,517

Although those numbers are quite a bit higher than Florida’s average annual premium, there’s much more than meets the eye. Because Davie is a newer community than cities like Fort Lauderdale and Miami, many of its houses were constructed after stricter building guidelines were put in place in 2001. 

That’s great news for Davie residents because those new guidelines are associated with lower homeowners insurance premiums. You see, homes built before 2001 didn’t have to meet strict wind-protection standards, so they became more susceptible to wind damage from hurricanes and tropical storms.

Newer homes often have lower premiums than older dwellings. Additionally, if your home passes a wind mitigation inspection, insurers are legally required to discount your insurance rate. Effectively wind mitigating your property can save you thousands of dollars annually.

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.

Davie Home Insurance Coverages

Your Davie home insurance policy protects your home, personal belongings and financial wellbeing from many different perils — like house fires, torrential rains, burglaries, dog bites and so much more. But let’s take a look at the different coverages you can expect with a policy from Clovered.

Davie Homeowners Insurance Coverages
Coverage Definition
Dwelling Coverage Dwelling coverage protects elements of your home like the foundation, flooring, walls, plumbing, and roof. This coverage, also called Coverage A, covers the things that make up the structure of your home.
Other Structures Coverage Other structures coverage protects the things on your property like your fence, shed, carport, pool, and detached garage. This coverage, sometimes known as Coverage B, covers the fixtures of your property that aren’t attached to your main home.
Personal Property Coverage Personal property coverage may help you repair or replace all types of items on your property, like furniture, appliances, clothing, jewelry, and much more. In short, this coverage, also known as Coverage C, can help you cover your personal belongings should they suffer damage from a covered peril or be stolen. 
Loss of Use Coverage Loss of use coverage might help you in the event your home becomes unlivable due to damage from a covered peril. This coverage, also called Coverage D, might help you pay for expenses like temporary lodging, gasoline, and groceries.
Liability Coverage Liability coverage, or Coverage E, can help you pay for legal fees or medical expenses if you damage someone else’s property or if someone suffers an injury on your property. 
Medical Payments Coverage Medical payments coverage may be invoked if a guest suffers a minor injury on your property. You may use this coverage, also known as Coverage F, to cover medical expenses, regardless of fault. 

What to Know About Flood Insurance in Davie, Florida

Unfortunately, many parts of Davie reside in some form of FEMA-designated flood zone, which means flooding is expected to occur at least once every 100 years. While that may not seem enough to get coverage, consider that just 1 inch of floodwaters typically cause up to $25,000 worth of damage.

When you consider floods are the most common natural disaster on planet earth, and the fact that homeowners insurance doesn’t cover flood damage, getting flood insurance to properly protect your home seems like a no-brainer.

Plus, it’s just a fraction of the cost of Davie home insurance, so $300,000 worth of flood coverage could cost as little as $300 per year. All you need to do is fill out our online flood insurance form and one of our licensed agents will pair you with a policy that fits your needs — and your budget.

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?

Are You Covered for a Tornado in Davie, Florida?

While tornadoes are fairly uncommon in Davie, and typically only occur after a hurricane has passed through, your homeowners insurance in Davie, Florida will cover you from a variety of tornado-related damage.

It’ll cover your home and personal belongings if they’re damaged or destroyed by a tornado and, under your loss of use coverage, it’ll also reimburse you for many additional living expenses you incur if you’re forced to temporarily move out of your home while it’s being rebuilt or repaired due to tornado damage.

How to Choose the Best Homeowners Insurance Companies in Davie

Choosing the best homeowners insurance companies in Davie is easy when you use our online quoting tool. Since we partner with the city’s top insurance carriers — such as Citizens and Universal Property and Casualty Insurance Company, which have some of the most affordable rates in the city — we can offer the best policies at the best prices.

Each of these companies has average rates under $4,500 for a $150,000 home with built-in wind mitigation efforts. But just because those are the average rates, that doesn’t mean you have to pay that much. Your rates are also determined by many factors separate from your home’s value, such as your deductibles, coverage amounts, claims history and insurance score.

It’s important to note, too, that as of mid-2024, Southern Oak has filed for a rate reduction, and Farm Bureau has filed for a 0% increase. While many Florida insurers are raising their rates, causing policyholders some uneasiness, these insurers are attempting to do right by their customers.  

At Clovered, we can customize your policy to provide a home insurance plan that includes all the coverage you need with none of the extras you don’t.

All you need to do to get the best insurance company on your side is get a quote with Clovered. It takes just a few minutes, is completely free and is easier than riding a bike. You can also contact one of our many licensed agents from 8:30 a.m. to 6 p.m. Monday through Friday at 833-255-4117 or email them 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.

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