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South Florida Homeowners Insurance

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From Miami and Fort Lauderdale to Palm Beach County and everywhere in the middle, homeowners insurance in South Florida is among the most expensive in the nation due to the number of hurricane hits, amount of claims filed each year and so many other factors that go into pricing homeowners insurance quotes in South Florida.

The fact of the matter is that Florida’s average cost of homeowners insurance at $2,043 per year is among the highest in the country, and that number is heavily inflated by premium prices in South Florida. Let’s dig in and evaluate how much you can expect to pay for home insurance in South Florida with a county-by-county analysis.

How Much Is Homeowners Insurance in South Florida?

The average cost of homeowners insurance in South Florida — which only includes the Tri-County area of Broward, Miami-Dade and Palm Beach counties — is $4,804 per year for a $150,000 house. That’s among the highest of any three-county area in the entire United States.

However, that price averages in all three counties. The county you live in heavily dictates the price of premiums you’ll pay for home insurance in South Florida.

Of the three counties, Palm Beach County has the most affordable rates at an average of $4,030 per year. Next up is Broward County at $4,688. Miami-Dade County is among the most expensive counties in the nation at an average of $5,695 per year for a $150,000 house.

But those averages aren’t all that meets the eye. You must factor in which home insurance company you choose because each has different rates in different counties. Let’s break down all the counties and the best companies to choose from in those counties.

Average Homeowners Insurance Cost in Broward County for a $150,000 House


ASI$5,379
Citizens$3,497
FedNat$3,605
Florida Penn$6,188
Liberty Mutual$3,688
People’s Trust$6,648
State Farm$3,857
UPCIC$4,644
Average$4,688

Average Homeowners Insurance Cost in Miami-Dade County for a $150,000 House


ASI$6,690
Citizens$4,173
FedNat$5,181
Florida Penn$6,493
Liberty Mutual$4,143
People’s Trust$8,016
State Farm$4,805
UPCIC$6,058
Average$5,695

Average Homeowners Insurance Cost in Palm Beach County for a $150,000 House


ASI$4,458
Citizens$3,550
FedNat$2,959
Florida Penn$4,615
Liberty Mutual$3,529
People’s Trust$5,004
State Farm$3,638
UPCIC$4,491
Average$4,030

It’s Time to Switch Your Homeowners Insurance

We partner with South Florida’s top homeowners insurance companies so you can get a custom policy at an affordable price.

However, we can dig even deeper to factor in more elements that correlate to the cost of your homeowners insurance premium. The state changed its building codes for houses in 2001 to help prevent destruction from devastating hurricane winds, so homes built before 2001 may not have met the new code standards put in place. 

If your house was built from 2001 to the present day, it must meet building requirements, so you’re going to pay significantly less than those homeowners who have houses built before 2001. That’s because newer homes have been equipped with impact-resistant doors and windows, as well as certain roofing fixtures that help stave off high winds.

But just because your home was built before 2001 — like most houses in the Sunshine State — that doesn’t mean you must forfeit those savings. You just need to add the aforementioned features, get a wind mitigation inspection and enjoy deeply discounted home insurance premiums. Let’s take a look at what you can expect to pay each year in each category in each county.

☘ $150,000 Value – 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.

☘ $150,000 Value – 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.

☘ $150,000 Value – 2001-Present Construction: 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, 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.

*Insurers are required to send in their average annual homeowners insurance premiums once per year to the Florida Office of Insurance Regulation, so the rates shown above are the average rates you can expect in South Florida.

Average Homeowners Insurance Cost in Broward County

Homeowners
Insurance
Company

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

$150,000 Value Pre-2001 Construction
W/ Wind Mitigation

$4,570
$2,276
$2,668
$5,084
$2,503
$3,817
$3,352
$2,658
$3,366

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$7,974
$5,885
$5,510
$9,397
$5,700
$12,536
$5,644
$8,861
$7,688

$150,000 Value 2001-Present Construction

$3,594
$2,331
$2,637
$4,083
$2,862
$3,591
$2,575
$2,412
$3,010

Average Homeowners Insurance Cost in Miami-Dade County

Homeowners
Insurance
Company

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

$150,000 Value Pre-2001 Construction
W/ Wind Mitigation

$5,658
$2,670
$4,238
$5,340
$3,083
$4,385
$4,220
$3,687
$4,160

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$9,967
$7,101
$7,196
$9,851
$6,008
$15,411
$6,932
$11,166
$9,204

$150,000 Value 2001-Present Construction

$4,445
$2,749
$4,109
$4,287
$3,338
$4,251
$3,263
$3,321
$3,720

Average Homeowners Insurance Cost in Palm Beach County

Homeowners
Insurance
Company

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

$150,000 Value Pre-2001 Construction
W/ Wind Mitigation

$3,705
$1,773
$1,972
$3,613
$2,362
$2,872
$2,896
$2,456
$2,706

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$6,791
$6,572
$4,619
$7,053
$5,475
$8,751
$5,371
$8,296
$6,616

$150,000 Value 2001-Present Construction

$2,879
$2,306
$2,285
$3,180
$2,751
$3,388
$2,646
$2,721
$2,769

It’s Time to Switch Your Homeowners Insurance

We partner with South Florida’s top homeowners insurance companies so you can get a custom policy at an affordable price.

As you can see and as the numbers reflect, your South Florida homeowners insurance rates can be reduced by thousands of dollars every year if you take the proper steps to mitigate wind damage and get a wind mitigation inspection on your house.

Depending on the area you live in, the cost of your home and the company you choose, that savings could be exponential if you take the proper steps. However, we realize that South Florida is also home to one of the most expensive housing markets in the country, so it may be tough to find a house for $150,000.

Let’s take a look at the average cost of homeowners insurance in South Florida for houses with values of $300,000. It’s also important to note that simple math can predict the prices you pay if your home falls outside either the $150,000 or $300,000 range.

Average Homeowners Insurance Cost in Broward County for a $300,000 House


ASI$10,758
Citizens$6,995
FedNat$7,210
Florida Penn$12,376
Liberty Mutual$7,376
People’s Trust$13,296
State Farm$7,714
UPCIC$9,287
Average$9,376

Homeowners
Insurance
Company

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

$300,000 Value Pre-2001 Construction
W/ Wind Mitigation

$9,140
$4,552
$5,336
$10,168
$5,006
$7,634
$6,704
$5,316
$6,732

$300,000 Value Pre-2001 Construction
No Wind Mitigation

$15,948
$11,770
$11,020
$18,794
$11,400
$25,072
$11,288
$17,722
$15,377

$300,000 Value 2001-Present Construction

$7,187
$4,662
$5,274
$8,165
$5,723
$7,181
$5,149
$4,824
$6,021

Average Homeowners Insurance Cost in Miami-Dade County for a $300,000 House


ASI$13,380
Citizens$8,347
FedNat$10,362
Florida Penn$12,985
Liberty Mutual$8,286
People’s Trust$16,031
State Farm$9,610
UPCIC$12,116
Average$11,390

Homeowners
Insurance
Company

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

$300,000 Value Pre-2001 Construction
W/ Wind Mitigation

$11,316
$5,340
$8,476
$10,680
$6,166
$8,770
$8,440
$7,374
$8,320

$150,000 Value Pre-2001 Construction
No Wind Mitigation

$19,934
$14,202
$14,392
$19,702
$12,016
$30,822
$13,864
$22,332
$18,408

$150,000 Value 2001-Present Construction

$8,890
$5,498
$8,218
$8,574
$6,676
$8,502
$6,525
$6,641
$7,440

Average Homeowners Insurance Cost in Palm Beach County for a $300,000 House


ASI$8,917
Citizens$7,100
FedNat$5,917
Florida Penn$9,230
Liberty Mutual$7,058
People’s Trust$10,007
State Farm$7,275
UPCIC$8,982
Average$8,061

Homeowners
Insurance
Company

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

$300,000 Value Pre-2001 Construction
W/ Wind Mitigation

$7,410
$3,546
$3,944
$7,226
$4,724
$5,744
$5,792
$4,912
$5,412

$300,000 Value Pre-2001 Construction
No Wind Mitigation

$13,582
$13,144
$9,238
$14,106
$10,950
$17,502
$10,742
$16,592
$13,232

$300,000 Value 2001-Present Construction

$5,758
$4,611
$4,570
$6,359
$5,501
$6,776
$5,292
$5,442
$5,539

Best Home Insurance Companies in South Florida

Some of the best home insurance companies in South Florida for cost and customer service are ASI, Citizens, FedNat, Florida Penn, People’s Trust and Universal Property & Casualty Insurance Company to name a few. All of these companies operate out of Florida and cater many of their policies to Floridians.

As a licensed insurance agent in Florida, we partner with all of these companies and many more homeowners insurance companies in South Florida to provide you with the best rates and coverage.

Cheapest Homeowners Insurance in South Florida

The consensus among the costs determines that Citizens and Universal Property & Casualty Insurance Company are where you’ll find the cheapest homeowners in South Florida in each of the Tri-County areas.

  • Broward County: Citizens, Universal Property & Casualty Insurance Company
  • Miami-Dade County: Citizens, Liberty Mutual and Universal Property & Casualty Insurance Company
  • Palm Beach County: Citizens, FedNat and Universal Property & Casualty Insurance Company

But while much of your homeowners premiums are determined by the company’s risk portfolio and how many home insurance claims have been filed and paid out in recent years, the remaining cost is determined by external factors like your policy’s deductible, your home’s location relative to crime, your claims history and your insurance score.

It’s Time to Switch Your Homeowners Insurance

We partner with South Florida’s top homeowners insurance companies so you can get a custom policy at an affordable price.

What Does Homeowners Insurance in South Florida Cover?

Homeowners insurance in South Florida covers your home and personal belongings against things like damage from hurricanes, tornadoes, fires, burglary, water damage and much more. It also protects your financial wellbeing if someone is injured on your property and you’re found liable.

Many of the latter claims related to dog bites, which are some of the most common and costly claims people can file. While there are times when filing a claim may make sense, there are also times when paying out of pocket is the right move.

But let’s tackle the coverages you’ll receive with a homeowners insurance policy from Clovered and throw in a few real-life examples of what’s covered.

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

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

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

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

Liability: Helps to pay for injuries or other property damages that the policyholder is found liable for, such as a broken bone and legal fees.

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

How to Get Homeowners Insurance Quotes in South Florida

With Clovered, getting homeowners insurance quotes in South Florida is easier than ever when you use our online quoting tool. Since we partner with the best home insurance companies in South Florida, we can always get you the best policy at the best price.

Simply answer a few questions about your property, we’ll fill in the rest and then we’ll pair you with the perfect policy at the right price.

If you have any questions during the process, you can live chat with our agents on the platform Monday through Friday from 8:30 a.m. to 6 p.m. or call them at 833-255-4117 during that same timeframe. You can also reach them anytime by email at agent@clovered.com.

It’s Time to Switch Your Homeowners Insurance

We partner with South Florida’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.