How much is homeowners insurance in Fort Lauderdale, Florida?

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In Fort Lauderdale, homeowners pay an average annual rate of $4,717 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $2,213 more than the national average of $2,504 .

Homeowners insurance premiums can vary significantly from one property to another. In Fort Lauderdale, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Fort Lauderdale, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Fort Lauderdale.

Key Takeaways

Homeowners insurance costs $4,717 per year in Fort Lauderdale.
At $2,745 per year, Allstate offers the cheapest homeowners insurance in Fort Lauderdale.
Your home insurance rates increase by ($499) more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Fort Lauderdale per month?

Fort Lauderdale homeowners pay an average of $393 a month. It’s $12 more than the state average of $381 and $184 more than the national average for home insurance across the nation. The price of your homeowners insurance policy in Fort Lauderdale may vary depending on where you live, the value of your home, and the coverage you choose.

How much is homeowners insurance for a $200,000 house in Fort Lauderdale?

The average cost of homeowners insurance in Fort Lauderdale, FL is $5,216 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

How much is homeowners insurance for a $300,000 house in Fort Lauderdale?

Fort Lauderdale residents pay an average of $4,717 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional ($499) per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

How much is homeowners insurance in Fort Lauderdale by company?

After comparing several homeowners insurance companies, Allstate offers the lowest rates in Fort Lauderdale. Its average annual rate for homeowners in Fort Lauderdale is $2,745 , while Travelers is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Fort Lauderdale and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Fort Lauderdale and their average annual premiums.

Home insurance company	Annual rate
Allstate	$2,745
Travelers	$3,386
Amer Integrity Ins Co of FL	$3,457
Heritage Insurance Holdings	$4,084
HCI Group Inc	$4,573
State Farm	$4,668
FedNat Holding	$4,799
Nationwide	$5,159
Progressive	$5,501
Universal Insurance Holding	$5,570
Security First Insurance	$7,127
Citizens Property Insurance	$8,285

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Florida that can impact your home insurance

Living in Florida comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

Florida is commonly affected by Hurricane and Lightning.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

TIP

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Fort Lauderdale for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.