How much is homeowners insurance in Fort Lauderdale,FL

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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 $1000 deductible), based on Insure.com’s rate data analysis. It’s $2,213 more than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Fort Lauderdale depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
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 to know how much homeowners insurance cost per month in Fort Lauderdale, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Fort Lauderdale.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Fort Lauderdale.

Key takeaways

The average cost of homeowners insurance in Fort Lauderdale is $4,717 per year.
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 just have to pay -$499 more a year for home insurance.

How much is homeowners insurance in Fort Lauderdale per month

Residents of Fort Lauderdale pay an average of $393 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $12 more than the state average of $381 and $184 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Fort Lauderdale may change based on location, property value, and selected coverage options.

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

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $5,216 per year in Fort Lauderdale, FL. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside 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 sufficient 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 analyzed, Allstate is the most affordable homeowners insurance company in Fort Lauderdale. It’s average annual rate for homeowners in Fort Lauderdale is $2,745.

Travelers, ranks second and Amer Integrity Ins Co of FL makes it to the third spot with an average annual home insurance rate of $3,457.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Fort Lauderdale and compiled a list of the most affordable home insurance companies.

Below are details of Fort Lauderdale home insurance companies 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

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.