Homeowners Insurance in Plantation, Florida (2024)

Given its prime location in the South Florida travel corridor — and its borders to the Florida Turnpike and interstates 75, 95 and 595 — Plantation is the perfect spot for commuters to all locations in South Florida.

All of those factors, coupled with its more reasonable housing prices, are why people are flocking to the city to purchase their next home. But before purchasing a home in the city, you must be aware of the average cost of home insurance in Plantation, Florida, what it covers and many other facets. Let’s take a look.

The average cost of homeowners insurance in Plantation, Florida is $7,276 for a $150,000 home, $13,168 for a $300,000 home, and $18,914 per year for a $450,000 home. That’s well above the state’s average of $3,325, $6,026 and $8,644 for those priced homes — and still considered very expensive on the national stage.

But the average costs are determined by a multitude of factors, including which company you choose, when your home was built, your coverage amounts, deductibles and claims history. Let’s start with the companies first and work our way through some of the other most important factors.

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.

Aside from the aforementioned factors, your home’s wind mitigation factors and the year it was built have the biggest impacts on your rate. The state’s building codes were updated in 2001 to help prevent hurricane damage, so homeowners living in a home constructed from 2001 to the present day enjoy far more affordable premiums. Before we break down average premiums accounting for these factors, let’s see how insurers use them to classify homes during premium determination.

Now, let’s take a look at premiums on $150,000 houses, accounting for wind mitigation features and home age.

When digging deeper into the numbers and negating the drastic increase in premiums for homes built before 2001 with no wind mitigation features, the average cost of home insurance in Plantation is closer to $5,200 for homes with wind mitigation in effect.

Homeowners with post-2005 construction homes have those features built in, so they enjoy the lowest averages at $4,667 per year. But companies like Citizens and Universal Property & Casualty Insurance Company offer the best average premiums.

But home prices in Plantation have been steadily rising, along with the rest of the state, so you may be hard-pressed to find a house for $150,000 these days. Let’s take a look at the average premiums for $300,000 and $450,000 homes in the city.

As an insurance agency operating in Plantation and headquartered nearby in Fort Lauderdale, Clovered is at the forefront of the homeowners insurance evolution. We’ve partnered with the best home insurance companies in the area so we can provide you with the best policies at the best prices.

As mentioned earlier, Citizens and Universal Property & Casualty Insurance Company have the best average rates, and we partner with both of them. Additionally, we can offer policies from Citizens, Universal Property & Casualty Insurance Company, and many other insurers. So, you can always count on Clovered to have the best premiums.

Plus getting a quote is quick, easy and free. All you have to do is answer a few questions about your property in our online quoting engine, we’ll pull your home’s data and offer you a customized policy that fits your budget.

While State Farm is one of the largest auto carriers in Florida, it doesn’t do as much business in Florida’s housing sector. Since it takes on much less risk by not writing as much business in the area, the average premiums are on the more affordable side at $3,857 per year for a $150,000 house.

Plantation home insurance covers a variety of things pertaining to your property, including your home, personal belongings and many other structures that may be located on the property. But let’s take a look at some coverage examples.

Dwelling coverage, or Coverage A, can protect you if a covered peril damages elements of your home’s structure. This may include things like your roof, walls, pipes, flooring, and more.

Other structures coverage, or Coverage B, can cover the fixtures on your property that aren’t attached to your main dwelling if they suffer damage from a covered peril. It can help you repair or replace your fence, detached garage, carport, pool, and more.

Personal property coverage, or Coverage C, helps guard the items you store in your home and on your property, should they suffer damage from a covered peril. The list of covered items is long and may include your patio furniture, lawnmower, sports equipment, clothing, electronics, and more.

Loss of use coverage, or Coverage D, may help you cover temporary living expenses following significant damage to your home that renders it uninhabitable. It may help you cover bills for temporary housing, groceries, and more.

Liability coverage, or Coverage E, may help you if you’re found liable for a guest’s injuries on your property or damage to someone else’s property. It can help you cover things like medical expenses and legal fees.

Medical payments coverage, or Coverage F, may be used to cover a guest’s medical bills following a minor injury on your property, regardless of who was at fault.

Since we partner with the top home insurance companies in Plantation, using our online quoting platform is the best way to get a quote. Just answer a few questions about your property, we’ll run some numbers behind the scenes and then pair you with the perfect policy at the right price.

You can also call one of our many in-house agents at 833-255-4117 from 8:30 a.m. to 6 p.m. Monday through Friday or reach them via email at [email protected].