How much is homeowners insurance in Fort Lauderdale, Florida?

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Our data shows that the average cost of homeowners insurance in Fort Lauderdale is $4,717 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $2,213 more than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Fort Lauderdale depend on several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Fort Lauderdale, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Fort Lauderdale.

Key Takeaways

The cost of your homeowners insurance policy in Fort Lauderdale can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Fort Lauderdale with an average annual premium of $2,745 .
If you increase your dwelling coverage from $200,000 to $300,000, you will pay ($499) more annually for home insurance.

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

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $5,216 per year in Fort Lauderdale. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

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

As per rate analysis by Insure.com, homeowners residing in Fort Lauderdale typically pay an average of $4,717 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by ($499) if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Fort Lauderdale by company

Among the carriers we analyzed, Allstate is the most affordable homeowners insurance company in Fort Lauderdale, offering an average annual rate of $2,745 , while Travelers ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Fort Lauderdale and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Fort Lauderdale and what you can expect to pay with each one on average.

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

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Florida that can impact your home insurance

Natural disasters are a part of life in Florida, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

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

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

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 $1,000 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.