Average Davie Home Insurance Cost by Company No, homeowners insurance isn’t required by law in Davie. However, if you have a mortgage, you will need home insurance. Every mortgage lender requires the property buyer to have insurance coverage for the life of their loan.
Key Takeaways:
- The average homeowners insurance cost in Davie, Florida, is about $4,581 per year, which is higher than in most places in the state.
- Safepoint, American Platinum, and Citizens had the cheapest homeowners insurance in Davie, Florida, according to our data.
- Comparing quotes from several companies before buying a policy is the best way to save money on Davie home insurance.
Average Cost of Homeowners Insurance in Davie, Florida
The average cost of homeowners insurance in Davie is about $4,581 annually, which is 60% higher than the state average of $2,857. 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 the significant threat of wind and flood damage (from hurricanes and tropical storms) results in very expensive property insurance premiums.
As an independent insurance agency headquartered in nearby Fort Lauderdale, we can present average rates from our policyholders in Davie.
|
Company |
Premium |
|---|---|
|
Safepoint |
$2,237 |
|
American Platinum |
$3,984 |
|
Citizens |
$4,677 |
|
Edison |
$4,805 |
|
Florida Peninsula |
$5,784 |
|
Slide Insurance Company |
$6,959 |
|
Swyfft |
$7,017 |
|
Mangrove |
$7,582 |
|
Average |
$4,581 |
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.
Cheapest Homeowners Insurance in Davie, Florida
Despite the region’s lofty home insurance rates, you shouldn’t be totally discouraged, as there are ways to save. Rates vary by provider, and our policyholders found the cheapest home insurance in Davie, Florida, with Safepoint, American Platinum, and Citizens.
American Platinum is an insurance carrier operating in Florida and Georgia that’s available exclusively through our team at Clovered. Citizens is a state-run insurance company designed to be a last-resort option for people who have difficulty getting a policy on the private market.
You can qualify for Citizens coverage if no standard Florida carrier will cover you, or you get three quotes that are all more than 20% higher than the premiums for comparable coverage from Citizens would be.
Best Homeowners Insurance Companies in Davie, Florida
As an independent agency, our job is to partner you with the company that best meets your needs, so we wanted to present you with some options. Average premiums are determined from our policyholder data. Financial strength is determined by each company’s ratings from Demotech, a leading insurance industry credit rating agency.
To gauge consumer satisfaction, we used the National Association of Insurance Commissioners’ complaint index, which compares a firm’s consumer complaint performance with other companies in the market. The default index number is 1.0, meaning a company with a complaint index of 2.0 has a complaint value twice as high as expected. So, for their scale, lower is better.
Safepoint
Demotech Rating
A
NAIC Complaint Index
3.91
Average Premium
$2,237
Safepoint Insurance has specialized in insuring property in coastal regions since 2013. They sell their policies through independent agents and offer homeowners insurance coverage in seven states.
American Platinum
Demotech Rating
A
NAIC Complaint Index
1.95
Average Premium
$3,984
American Platinum Insurance Company, founded in 2011, is a subsidiary of Universal Insurance Holdings, offering home insurance coverage in Florida and Georgia. Policies are available exclusively through independent agents at Clovered.
Citizens
Demotech Rating
NR
NAIC Complaint Index
0.69
Average Premium
$4,677
Citizens Property Insurance Corporation is Florida’s state-run home insurer of last resort. It’s a non-profit entity that provides property insurance to state residents who are unable to obtain coverage in the traditional, private market.
Edison
Demotech Rating
A
NAIC Complaint Index
0.40
Average Premium
$4,805
Established in 2006, Edison Insurance Company offers home insurance primarily in Florida through independent agents, like our team at Clovered. It was acquired by Florida Peninsula Insurance Company in 2010, although it still has its own book of business.
Florida Peninsula
Demotech Rating
A
NAIC Complaint Index
0.10
Average Premium
$5,784
Florida Peninsula Insurance Company was founded in 2005 and focuses on offering coverage in its namesake state. With over 150,000 policies in force in Florida, it just cracks the top ten list of Florida’s largest home insurers.
Slide Insurance Company
Demotech Rating
A
NAIC Complaint Index
0.56
Average Premium
$6,959
Slide Insurance Company was founded in 2021 and began operations offering home insurance in 2022. Available in Florida and South Carolina, the company currently has over 300,000 policyholders in the Sunshine State, making it one of Florida’s largest.
Swyfft
Demotech Rating
NR
NAIC Complaint Index
NR
Average Premium
$7,017
Swyfft is an insurance managing general agency founded in 2014, offering insurance products in several coastal states around the country.
Mangrove Property Insurance
Demotech Rating
A
NAIC Complaint Index
0.00
Average Premium
$7,582
Mangrove Property Insurance Company was founded in 2025 in Florida and offers home insurance coverage only in the Sunshine State. It is distributed through independent agents.
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.
|
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. |
How to Get Homeowners Insurance Quotes in Davie, Florida
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 quote with us. It takes just a few minutes online, is completely free, and is easier than riding a bike. You can also contact one of our many licensed agents during business hours at 833-255-4117 or email them anytime at agent@clovered.com.
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 Homeowners Insurance FAQs
Is homeowners insurance required in Davie, Florida?
What is wind mitigation in Davie, Florida?
Wind mitigation is the act of fortifying your home to better withstand strong winds through certain construction features, like roof connections and hurricane windows. Houses with wind mitigation receive significant insurance discounts.
What factors affect home insurance rates in Davie, Florida?
Insurers examine a multitude of factors to determine rates, including home age, square footage, building materials, personal claims history, and more. Your home’s location in a gated community or proximity to a fire hydrant may also influence premiums, as can attractive nuisances like pools and trampolines.
Do you need flood insurance in Davie, Florida?
Flood insurance is only required in Davie if your mortgage lender asks for it as a loan condition. This will happen if your property is in a high-risk flood zone as designated by the Federal Emergency Management Agency (FEMA), which creates and maintains the nation’s flood risk maps.
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?
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.
