How Much Does Florida Home Insurance Cost?

Average Cost Of Homeowners Insurance In Florida

How much does home insurance cost? Read on to discover how top-rated homeowners insurance companies in Florida price home coverage

You’re ready to close on the purchase of your first home, or maybe even a move-up home. Inspections are complete and you’re in love with the property. One of the most important things you can do at this point is search for a Florida home insurance policy. Insurance gives you a financial safety net and peace of mind. However, for many buyers, the process of selecting home insurance can be confusing. Even understanding how the cost of insurance is calculated can be a stumbling point for some people. At Moran Insurance, it is our passion to connect home buyers with the most affordable homeowners insurance in Florida. We do this by maintaining an extensive network of insurers, and by understanding the unique needs of each client. We don’t simply recommend policies that we think are best. We actually go the extra mile to understand unique needs, wants, and risks so that a policy is as comprehensive as possible. Learn how insurance companies calculate the cost of homeowners insurance Florida. When you’re ready to learn more and get quotes from the top insurers, Moran Insurance is here to help. Before you buy home insurance Florida, take the time to understand what goes into the cost of every policy.

The Elements of Your Homeowners Insurance Policy

Homeowners insurance rates vary by zip code and the replacement cost of a home

The factors considered by Florida home insurance companies when determining average homeowner policy premiums range from the location of a home to the current value of the home.

There are several key factors that insurers use to calculate the cost of your insurance. These typically include:
  • The location of your home (state, county, neighborhood, etc.).
  • The size of your home.
  • The current value of your home and its replacement cost.
  • The replacement value of your personal property.
  • The amount of liability coverage that you need.
The current value of your home and the cost to replace it are particularly important for insurers. As you can imagine, high-value homes attract higher costs for Florida homeowners insurance. Environmental factors can also increase the cost of insurance. For example, some Florida residents may pay higher insurance costs if they are vulnerable to storm damage during the Atlantic Hurricane Season that sweeps the state each year. Hurricane Katrina hit South Florida in 2005, and it caused more than $116 billion worth of damage throughout the United States. With statistics like this, it’s no surprise that insurers sometimes charge higher rates in at-risk areas. If you add important homeowners insurance riders for personal property (such as jewelry, art, sports memorabilia, etc.), then your cost of insurance will increase. Generally, the more that you cover and the higher the limit, the more you will pay in insurance premiums and deductibles. Considering all of this, it should be fairly evident that there’s no way to accurately predict the cost of your insurance without dealing directly with an insurer or a licensed agent. The variables are too many, and every case is unique. If you want to get a quote or even just some baseline figures, Moran Insurance can help. Our experienced agents have helped countless households in Florida to find affordable solutions. We work with the best insurers in the state and can access policies that aren’t easy to find on the public market. Our agents can help you find peace of mind when buying a home or even updating a policy.

Contact Moran to Review Home Insurance Costs

Get the best rates from top rated homeowners insurance companies in Florida

Our skilled Florida Homeowners Insurance team of experts is waiting to walk you through your home insurance options and help you get the best for your needs at an affordable cost

You will need a policy review to know exactly how much a new Florida home insurance policy will cost. There are a substantial amount of variables that will determine how much you will pay for your policy. We believe it is best for consumers to shop a variety of carriers and ask your agent/broker questions that will help you understand what can make your home rates cost more or less. Contact us now to begin the consultation process. As independent insurance agents, we’ll find the best policy that meets your needs and in many cases exceeds your expectations.

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