Fort Lauderdale Homeowners Insurance

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Fort Lauderdale is well known for its world-class beaches, nightlife along Las Olas Boulevard and millions of tourists who visit the city each year. But for those lucky enough to own homes in one of the most beautiful parts of Florida — and one of the epicenters of tourism in the United States — many things can damage a home.

Hurricanes and flooding in Fort Lauderdale are huge concerns, as are unexpected house fires, tornadoes, torrential rains and, unfortunately, burglary are real concerns for nearly every homeowner who lives in Florida’s 10th most-populated city.

Due to these perils, which may or not be covered by homeowners insurance in certain circumstances, the average cost of homeowners insurance in Florida is among the highest in the nation — and Fort Lauderdale’s prices only add fuel to that flame.

Average Cost of Homeowners Insurance in Fort Lauderdale, Florida

The average cost of homeowners insurance in Fort Lauderdale is $5,607 for a home that’s worth $150,000. Yearly averages get even more disproportionate as home values go higher. Homes worth $300,000 average $9,699 to insure each year and homes worth $450,000 average $12,939 to insure each year.

Those numbers are well above the state’s average for similarly priced homes, and they’re among the highest costs in the nation. But many factors, including your home’s value and which neighborhood of the city you live in, can affect your yearly cost.

Average Cost of Homeowners Insurance in Fort Lauderdale for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

$150,000 House

$5,702
$3,500
$5,783
$8,079
$3,812
$8,226
$4,541
$5,943
$5,607

$300,000 House

$10,007
$6,144
$10,150
$14,176
$6,693
$14,428
$7,969
$10,424
$9,699

$450,000 House

$13,859
$8,478
$14,043
$19,641
$9,220
$20,094
$11,028
$14,521
$12,939

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.

Florida Office of Insurance Regulation Premium Consideration Factors

The premiums displayed in this article were obtained by the Florida Office of Insurance Regulation. They represent the 2022 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.

Pre-2001 Construction w/ Wind Mitigation

This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for maximum wind mitigation features.

Pre-2001 Construction w/ No Wind Mitigation

This risk is for a Florida masonry home with a current replacement value of $150,000, a $500 non-hurricane deductible, a 2% hurricane deductible, and no claims in the past three years. Premium examples are shown for no wind mitigation features.

2001-Present Construction

This risk is for a Florida masonry home with a current replacement value of $300,000, a $500 non-hurricane deductible, a 2% hurricane deductible, no claims in the past three years, and minimum premium discounts for limited wind mitigation features and no hip roof.

*Wind Mitigation

A wind mitigation is any protection on your home that helps decrease the damage caused by strong winds like a hurricane. This can include certain roof attachments and coverings, extra water-resistant seals and impact-resistant doors and windows. Wind mitigations typically result in deep discounts on your home insurance premiums, so you’ll want to get one.

While those numbers may look a bit high, the most important factors relating to your premium prices aren’t just hurricanes and your home’s value, but also what year your home was built in and if your home has sufficient protection against those high-speed hurricane winds that come knocking down parts of the city every year.

$150,000 House in Fort Lauderdale for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

Pre-2001 No Wind

$8,285
$5,167
$9,268
$11,986
$5,700
$15,134
$6,637
$10,874
$8,880

Pre-2001 w/ Wind

$4,679
$2,488
$3,744
$6,453
$2,503
$4,630
$3,608
$3,441
$4,135

2001-Present

$4,143
$2,845
$4,338
$5,797
$3,233
$4,914
$3,378
$3,514
$3,804

Since many of the less expensive homes in Fort Lauderdale were built before 2001, which is when the state put building code legislation in place to help prevent extensive damage from hurricanes and heavy winds, getting a wind mitigation can decrease your premium prices significantly.

As the numbers above reflect, homeowners in Fort Lauderdale with homes built before 2001 can get pretty close to the premiums of homeowners who own homes built after 2001 if they just get a wind mitigation.

To get the proper wind mitigation discounts on your Fort Lauderdale homeowners insurance, you must prove that your home has hurricane shutters, wind-resistant windows and doors and a hip roof that helps drive winds away from your home. While getting a new roof is the most expensive addition on the list, it will also save you the most money.

But finding a house in Fort Lauderdale for $150,000 is going to be a tall task, especially since more and more people are moving into the city and nearly all the land is already spoken for. Let’s take a look at the average cost of homeowners insurance in Fort Lauderdale for $300,000 houses.

$300,000 House in Fort Lauderdale for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

Pre-2001 No Wind

$14,499
$9,042
$16,219
$20,976
$9,975
$26,485
$11,615
$19,030
$15,334

Pre-2001 w/ Wind

$8,188
$4,354
$6,552
$11,293
$4,380
$8,103
$6,314
$6,022
$7,160

2001-Present

$7,333
$5,036
$7,678
$10,260
$5,723
$8,697
$5,978
$6,220
$6,604

Homes worth $450,000 have an overall average of $12,939, but that number is quite inflated due to pre-2001 constructed homes without wind mitigations. Those homeowners pay a whopping average of $20,732 per year. A simple wind mitigation can decrease that number in half, though. Let’s take a look.

$450,000 House in Fort Lauderdale for 2022

Company

ASI
Citizens
FedNat
Florida Penn
Liberty Mutual
People’s Trust
State Farm
Universal Property
Average

Pre-2001 No Wind

$20,713
$12,918
$23,170
$29,965
$14,250
$37,835
$16,593
$27,185
$20,732

Pre-2001 w/ Wind

$11,698
$6,220
$9,360
$16,133
$6,258
$11,575
$9,020
$8,603
$10,115

2001-Present

$9,166
$6,295
$9,598
$12,825
$7,154
$10,871
$7,473
$7,775
$8,082

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.

Best Homeowners Insurance Companies in Fort Lauderdale

The best homeowners insurance companies in Fort Lauderdale by cost are Citizens, which is a state-run home insurance company that may not be your best option, FedNat, Liberty Mutual, State Farm and Universal Property & Casualty Insurance Company. They all tip the scale at less than $5,000 per year for premiums on a $150,000 house.

Universal Property Insurance in Fort Lauderdale, Florida

Headquartered in Fort Lauderdale, Florida, Universal Property & Casualty Insurance Company is one of the city’s most popular insurers due to their excellent customer service and great rates. The company has been servicing the Fort Lauderdale area for more than 20 years and has more than 800,000 policyholders.

Factors to Consider for Homeowners Insurance in Fort Lauderdale

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. Let’s take a look at the most impactful factors you may be able to control:


Fort Lauderdale Homeowners Insurance Coverages

Home insurance in Fort Lauderdale covers a multitude of factors 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.

Dwelling Coverage

Covers your home’s structure and the things that help create it, including the fireplace, windows, doors and flooring.

Other Structures Coverage

Covers structures on your property not attached to your house, such as a fence, detached garage, carport or shed.

Personal Property Coverage

Covers the personal belongings you keep inside or on your property, such as a TV, electronics, lawnmower and clothes.

Loss of Use Coverage

Reimburses you for additional living expenses if you’re forced to move from your home while it’s being rebuilt or repaired.

Medical Payments Coverage

Utilized to pay for small medical bills if someone was injured on your property, whether you’re at fault or not.

Flood Insurance Fort Lauderdale, Florida

Since Fort Lauderdale is only a few feet above sea level and it’s surrounded by water, from the Atlantic Ocean to the Intracoastal waterways and the New River that cuts directly through downtown off Las Olas, flooding is a major concern for the city’s residents.

Unfortunately, flood damage isn’t covered by homeowners insurance. You’ll need to purchase a separate flood insurance policy, which we can help you with as well!

Flood insurance protects your house and your personal belongings against many instances of flooding, including overflowing rivers, storm surge and heavy rains that overwhelm the city’s sewage system and find their way into your home.

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?

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

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

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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