Homeowners Insurance in Palm Beach Gardens, Florida

Palm Beach Gardens is a high-end town just south of Jupiter with the luxurious Palm Beach to the east. Starting in the 1960s, what was once cattle ranches, pine forests, and swamps were gradually developed into the gated communities and golf courses that make up the area today.

Palm Beach Gardens is a place for leisure. But, the lifestyle comes at a bit of a price in terms of homeowners insurance. Home insurance in Palm Beach Gardens is expensive due to the area’s risk of getting hit by a hurricane or inundated by floodwaters.

Home insurance in Palm Beach Gardens, Florida, averages about $3,332 annually, or about 12% higher than the state average of about $2,924 annually. Florida overall tends to have some of the most expensive homeowners insurance in the country. 

The combination of inclement weather and relatively high property values drives up homeowners insurance rates in the state, especially in South Florida.

Let’s take a look at how much home insurance in Palm Beach Gardens can be from some top companies in the area.

These numbers provide useful insight, but they don’t reflect how the age of your home and wind mitigation can affect homeowners insurance in Palm Beach Gardens. These are two important factors out of many that affect insurance rates. 

Older houses tend to have higher premiums due to the increased chances of damage that older roofs, pipes, and other dated components tend to cause. Older elements also have greater chances of failure due to severe weather or wear and tear.

On the other hand, wind mitigation can lower your rates. Wind mitigation involves any protection on your home that helps reduce the damage caused by strong winds like a hurricane. This can include features like roof attachments or coverings, impact-resistant doors and windows, and extra water-resistant seals. 

Wind mitigations typically result in deep discounts on your home insurance premiums. The government stipulates that residents who are proactive in guarding their homes against strong winds must be rewarded by insurers with discounted premiums.

To take the first step of wind mitigation, you’d have to get a wind mitigation inspection done on your home. This likely wouldn’t cost more than a couple of hundred dollars and could lead to thousands in savings.

If you purchase a policy through Clovered, which is the best way to shop for insurance policies and compare quotes online, your homeowners insurance in Palm Beach Gardens includes the following coverages:

Clovered is a digital insurance agency that partners with the top insurance providers in the country that write policies in all 50 states. We’re headquartered in Florida and very familiar with the state’s insurance landscape.

We offer an online quote tool that enables you to compare home insurance rates and we’ve got a team of licensed agents ready to help with any questions you may have about your policy.

We mentioned the threat of hurricanes, but what else drives up rates in Palm Beach Gardens? Premiums vary on an individual basis, and many residents could be causing their rate to rise without knowing it. For instance, installing a pool or trampoline could increase your premium. 

The age and size of your home and the amount of coverage you enroll in affect the cost of home insurance in Palm Beach Gardens. Also, the deductible you choose plays a role. Some policyholders may be aware that raising your deductible is a quick and easy way to lower your monthly premium.

The number of claims your provider has recently seen is another obscure factor that could influence rates for homeowners insurance in Palm Beach Gardens. If your insurance company has recently seen an unexpected influx of claims, it may have to pay out a lot of money. It could raise rates for all members in the future to recoup these potential losses.

After all, insurance companies are profit-driven firms. As you might imagine, this generally irks policyholders. But it’s happened in the past in the state of Florida, and it’s one of the reasons the government created Citizens Insurance, a non-profit provider run by the state. However, as of July 2024, residents may find it harder to get policies through Citizens Insurance due to recent restrictions. 

In addition to the determinants mentioned above, hurricanes and floods also play an important role in the price of home insurance rates in Palm Beach Gardens.

Palm Beach Gardens doesn’t have many high-risk flood zones, but flooding is still the most common and costly natural disaster every year in the United States. Several small bodies of water around the town and the usual large amounts of seasonal rainfall in South Florida could spell trouble if you’re not adequately prepared.

Flood insurance protects your property and personal belongings in case of unstoppable flooding damage. It isn’t required by law, but many city and county websites in Florida recommend it to their residents. 

From 2016 to 2022, the National Flood Insurance Program (NFIP), paid an average claim amount of about $66,000. Unless you have this amount of money on hand to pay for repairs after a flood, you may want to consider purchasing flood insurance in Palm Beach Gardens.

Hurricane preparation is a year-round effort in south Florida. Homeowners always have to be vigilant of a storm on the horizon. In just the last few years, Wilma, Matthew and Dorian have all come dangerously close to hitting the area. All three brought varying levels of wind and rain.

If a serious hurricane does finally hit, you can have at least some peace of mind knowing that your homeowners insurance covers damage from hurricanes and tropical storms. Palm Beach Gardens hurricane damage can be incredibly costly, and it’s better to have insurance than wishing you had it when you really need it.

Clovered can help you save money on home insurance in Palm Beach Gardens. Our easy-to-use online quote engine can pair you with a policy in a few minutes, and you can compare rates of top providers in the state. We’re backed by some of the best in the business, and we want to help you get the coverage you need at the price you want.

Feel free to call 833-255-4117 Monday through Friday from 8:30 a.m. to 6 p.m for more information, or shoot us an email anytime at agent@clovered.com and a licensed and experienced agent will get back to you.