Homeowners Insurance in Fort Lauderdale, Florida

Average Cost of Homeowners Insurance in Fort Lauderdale, Florida

The average homeowners insurance cost in Fort Lauderdale is about $2,837 annually. The city’s average rate is just below the state’s average for similarly priced homes, with homeowners insurance in Florida averaging about $2,857 annually. 

However, many factors, including your home’s value, age, and the neighborhood you live in, can affect your yearly cost. The risk of severe weather in your city can also impact how much you pay for home insurance; thus, many cities in South Florida, like Miami and Boca Raton, face above-average premiums due to a heightened risk of property damage from hurricanes, high winds, and heavy rainfall. 

Here we’ve compiled data from our customers to give you an idea of the average Fort Lauderdale home insurance cost, broken down by company. You’ll see some of our customers pay rates that are much lower than the city’s average, and others much higher. This is a testament to the unique nature of home insurance premiums. 

Let’s take a look.

Many factors can affect your average home insurance cost in Fort Lauderdale, Florida, such as your home’s construction and wind mitigation features. Wind mitigation is the process of outfitting your home with various features that help it withstand strong winds, such as those from hurricanes and tropical storms. Certain roof types, roof attachments, storm windows, and other protections are all wind mitigation features.

Aside from uncontrollable weather-related events, like its location on the Atlantic Ocean in one of the most hurricane-prone parts of Florida, several other factors contribute to homeowners insurance rates in Fort Lauderdale. Here are some of the most impactful factors you may be able to control:

• Deductible
• Insurance Score
• Home’s Age, Construction & Renovation
• Claims History
• Coverage Amounts
• Location & Crime

Getting the Cheapest Home Insurance in Fort Lauderdale, Florida

If getting the cheapest homeowners insurance in Fort Lauderdale is your top priority when it comes to binding a policy, you’ve come to the right place. Our Fort Lauderdale insurance agents work tirelessly to pair you with the best policy for your needs, especially when it comes to staying within your budget.

Maybe you noticed in the table above, but many of our customers pay premiums below the city’s average rate. Let’s take a look at the providers that offer our policyholders the lowest average rates in this Florida city. 

Florida Peninsula Insurance Company

On average, our customers pay about 63% below the average cost of Fort Lauderdale home insurance when they bind with Florida Peninsula. This insurer offers our customers average rates far below the city’s average and may offer additional savings opportunities when their customers pass a wind mitigation inspection or have a security system installed in their homes. 

Citizens

While the other home insurance companies in Fort Lauderdale, Florida​, represented in our data are standard insurers, Citizens is different. As a state-run insurer of last resort, Citizens often offers policies to policyholders who can’t find home insurance elsewhere, whether because of home age, claims history, or another risk factor. While policies with this insurer may not offer the most expansive coverage, our Fort Lauderdale customers pay, on average, about 40% below the city’s average rate when they bind with this insurer. 

American Platinum

Our customers pay about 9% less than Fort Lauderdale’s average home insurance cost when they bind with American Platinum. While that may not seem like much, it’s important to note that saving on home insurance in South Florida is pretty rare, given the region’s susceptibility to severe weather. American Platinum customers may also save money by utilizing this insurer’s discounts for wind mitigation, protective devices, and sprinkler systems. 

How To Find the Best Home Insurance Company in Fort Lauderdale

When looking for the best home insurance in Fort Lauderdale, Florida, once you know what you need in a policy, you’ll need to find the insurer that best matches your needs. If you value savings, you might look for an insurer that offers below-average premiums and plenty of discounts. If you value coverage, perhaps the best insurer for your needs will offer plenty of additional coverage options. 

We partner with several of the top insurers in the state to help match our customers with the best insurer for their needs. Here is a bit more information about the insurers our Fort Lauderdale customers use to get the best home insurance in this Florida city. 

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.

Fort Lauderdale Homeowners Insurance Coverages

As you gather Fort Lauderdale home insurance quotes, you’ll find most policies provide a multitude of coverages that extend well beyond the structure of your home. While things like your roof, floors, kitchen, and bathrooms are most commonly thought of when people think about homeowners insurance, let’s dive into the other facets of your policy you’ll want to know about.

Get a Quote From the Best Home Insurance Agency in Fort Lauderdale

At Clovered, we’ve partnered with the state’s top home insurance providers so we can provide you with the best home insurance quotes in Fort Lauderdale, Florida. Simply answer a few questions about your home in our online quoting tool, and we’ll customize a policy that meets your needs and budget.

If you’d just like to chat with a real person, you can also reach one of our licensed agents by phone Monday through Friday from 8:30 a.m. to 6 p.m. at 833-255-4117 or email us anytime at agent@clovered.com.