Homeowners Insurance in Doral, Florida

As a newer city in Miami-Dade County, Doral is quickly booming to populations that many couldn’t have imagined just 10 years ago. Now Doral is home to one of the largest populations of Venezuelan-Americans in the nation and is quickly meeting the luxurious living demands expected by its residents.

Although Doral is one of the furthest cities west in the South Florida area, due to its proximity to the unlivable Everglades region, it still faces its fair share of perils like hurricanes, flooding and even tornadoes that spawn during the city’s prolonged hurricane season.

All of those measures have a substantial impact on the cost of home insurance in Doral. Let’s take a look at what residents can expect to pay for homeowners insurance, what affects those rates and so much more.

The average premium for home insurance in Doral, Florida is $8,617 per year for a $150,000 house — more than double the state’s average of $3,325. It gets even worse for more expensive homes, as $300,000 homes average $15,602 per year for premiums and $450,000 homes average $22,398 per year for premiums.

Florida is one of the costliest states for homeowners insurance in the country, and cities like Doral and the rest of South Florida are leading that charge.

Many factors influence the price of your premiums,  and the largest controllable factor is the insurance company you choose. South Florida premiums have been rising for years and some companies have even opted out of the area due to its increasingly expensive claims. Let’s take a look at the average price you can expect to pay for the best home insurance companies in Doral.

While those prices may seem exorbitant, Doral residents can breathe a bit easier because many of the homes inside the city limits were built after 2001 and, therefore, have successfully met wind mitigation criteria that decrease premiums drastically which we’ll explain shortly.

Homes in Florida that were built before 2001 didn’t have to meet the more strict building codes put in place in 2001. As such, they’re more susceptible to sustain damage from heavy windstorms like hurricanes and tropical storms.

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the most recent 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. The example premiums are based on a policy for a Florida masonry home with a $500 non-hurricane deductible, a 2% hurricane deductible and no claims in the past three years.

Let’s take a look at a more in-depth breakdown of what you can expect to pay in premiums for a $150,000 house in Doral accounting for wind mitigation and home age.

While wind mitigation measures can substantially decrease your cost of premiums, many Doral homeowners will fall under the latter category of a house built from 2001 to the present day. That means many will pay from $2,830 to $8,711 for home insurance in Doral for a $150,000 house.

However, Doral, like many other cities in South Florida, is in the midst of a housing boom despite rising insurance rates. As demand increases and supply decreases, housing costs skyrocket. So homeowners in the area should probably use the prediction of home insurance costs based on a $300,000 house and a $450,000 house — since many homes in the area have met or surpassed that number (even though market value isn’t exactly the same as replacement cost).

Citizens is the cheapest provider while Safeco (from Liberty Mutual) and Tower Hill are among the other most affordable home insurance companies in Doral. However, as we touched on earlier, many home insurance companies are exiting the South Florida market due to increased risk from hurricanes and the exponential costs associated with those claims. 

Also, Citizens is seeking a 14% rate hike for policyholders in 2024. While it’s premiums will still likely be lower than most companies due to the artificial subsidization from the state, their policies are stricter and the company is trying to offload policies back into the private, traditional insurance market, so the carrier isn’t ideal for everyone.

While there isn’t a comprehensive list as to which companies are no longer writing in Doral, the best way to find out is to get a quote from Clovered.

We partner with many of the aforementioned companies, plus many others in Doral, so we can provide the best coverage at the best rates in the city. Getting a quote only takes a few minutes — so what are you waiting for?

Your homeowners insurance in Doral covers many aspects of your property — including some things you probably had no idea about. One of the most underrated coverages is loss of use, also known as additional living expenses, which can reimburse you up to your policy’s maximum if your home is damaged or destroyed and you must move out while it’s being repaired or rebuilt.

Additionally, your policy has major and minor coverages designed to protect you, your family, your home and your financial wellbeing in the event of an unexpected covered peril. Those perils include things like water damage, burglaries, torrential rains, house fires and, of course, all-too-common hurricanes and lesser common tornadoes. Let’s take a look at what’s covered.

One of the most important parts of home insurance in Doral is the hurricane coverage and the hurricane deductible that coincides with it. Unlike a typical home insurance deductible, which is usually from $500 to $2,000 per claim, a hurricane deductible is based on a percentage of your dwelling coverage.

That number can range from 1% to 10% of your dwelling coverage. So if you have a 3% hurricane deductible and $300,000 worth of dwelling coverage, you’d have to pay $9,000 toward a hurricane claim before your insurer would step in to pick up the remaining amount.

The easiest way to get the best home insurance in Doral is to get a free quote from Clovered. We specialize in Florida policies and partner with the state’s top insurers so you can get all the coverage you need at a price you can afford.

If you hit any snags or just want to talk to a real person, one of our many licensed agents is available to chat by phone Monday through Friday from 8:30 a.m. to 6 p.m. at 833-255-4117. Or you can drop us an email anytime at [email protected].