Miami Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap homeowners insurance in Miami


A critical consideration for every homeowner should be their home insurance coverage. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. Events like this occur regularly. When paired with the high cost of repairing or rebuilding a home, purchasing homeowners coverage can seem like a smart move.

What you pay for homeowners insurance depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. The location of your home can also play a large role in home much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Find out more information about what is covered by a homeowners insurance policy.

Finding cheap home insurance in Miami starts with shopping around and comparing policies. Check out the below summary of average home insurance premiums in Miami to begin your homeowners insurance search with as much knowledge as you can. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


Miami, Florida, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Miami by insurance company

What you pay for homeowners insurance in Miami will depend on the insurance company you get your policy through. The most affordable home insurance in Miami is Security First offering average annual rates at just $830 per year. This is considerably cheaper than the city’s average homeowners premium of $5,063.

Below you'll find a list of the cheapest home insurance companies in Miami, Florida to help you begin your search.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN MIAMI
CompanyAverage Annual Rate
Security First$830
State Farm$1,233
Allstate$2,408
American Integrity$4,114
Peoples Trust$7,545

Average homeowners insurance costs in Miami by coverage level

Your chosen amount of homeowners coverage has an impact on the insurance premiums you pay . In Miami, carrying $200K dwelling coverage costs an average of $3,443, while carrying additional coverage up to $400K costs $6,580/year.


HOMEOWNERS INSURANCE RATES IN MIAMI — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$3,443
$400K Dwelling$6,580

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Miami home insurance prices by ZIP code

Not every area of Miami has equal home insurance costs. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

To find the cheapest home insurance premiums in Miami, look no further than 33139. In the 33139 area, homeowners coverage usually costs just $4,843 per year — a full $219 less than the Miami average. Find the best places to live in Miami for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN MIAMI
ZIP CodeAverage Annual Home Insurance Rate
33139$4,843
33168$4,959
33175$4,965

Other areas of Miami, however, face homeowners rates that surpass the city average . Crime rates, fire risk, and even your proximity to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which could drive up the area's insurance costs. The most expensive ZIP code for homeowners insurance in Miami is 33128, where the average annual rate is $5,360.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN MIAMI
ZIP CodeAverage Annual Home Insurance Rate
33128$5,360
33135$5,300
33136$5,299

Money-saving tip for home and auto insurance in Miami: bundling

If you’re seeking savings on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance can be a good money-saving option. Bundling policies in Miami could, in fact, lead to average annual savings of 7%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN MIAMI
CompanyAvg. Annual Auto Insurance Rate (Bundle)
USAA$1,222
GEICO$2,317
State Farm$2,659
Progressive$3,444
Allstate$3,554

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. To speak with an insurance professional, give us a call at 855-493-9728 today.


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