Homeowners Insurance in Davie, Florida

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.

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.

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.

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.

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.

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.

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.