What is the average cost of home insurance in Florida? This is a question that many people are asking, as homeowners insurance rates continue to rise across the country. In this blog post, we will look at the average cost of insurance in Florida and discuss some of the factors that influence rates. Keep reading for more information!
What is the average cost?
The average cost of home insurance in Florida is $1,950 per year, according to the National Association of Insurance Commissioners. However, this number can vary significantly depending on a variety of factors. Some of the things that affect insurance rates include the age and condition of your home, the amount of coverage you need, and your location.
Why is it more expensive?
Florida is a high-risk state for insurance, due to the risk of hurricanes and other natural disasters. As a result, insurance rates in Florida are typically higher than in other states. However, there are some things you can do to help keep your rates down.
One way to save money on homeowners insurance is to increase your deductible. This is the amount of money you pay out-of-pocket before your insurance policy kicks in. By increasing your deductible, you can significantly reduce your premiums.
Another way to save money on insurance is to shop around for a better rate. There are many different insurance companies out there, and each one offers different rates. By shopping around, you can find the policy that is best suited for your needs and budget.
What should I do?
If you need insurance, or if you are looking to switch policies, contact an insurance agent today. An agent can help you find the policy that is right for you, and they can answer any questions you may have.
Ways to save money on home insurance.
-Increase your deductible
-Shop around for a better rate
-Look for discounts
-Buy insurance bundled with other policies
-Pay your premium annually instead of monthly
Shop your policy.
When you are ready to shop for homeowners’ insurance, contact your agent.
-Get multiple quotes: Contact several different agents or companies and ask for a quote.
-Compare coverage and prices: Make sure you understand what each policy covers and how much it costs.
-Choose the right deductible: A higher deductible can lower your premium, but make sure you can afford to pay it if you have a claim.
-Ask about discounts: Some companies offer discounts for things like installing security systems or being claims free for a certain period.
By following these tips, you can be sure to find the best home insurance policy for your needs and budget.
If you want to discuss options for home insurance, please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.