The average cost of home insurance in Florida is $1,993 per year. The annual cost of insurance varies across the state. The cost varies substantially among properties in the same area too depending on the valuations. Hence, it is quite difficult to offer a generic overview of the costs of home insurance in Florida. The statewide average is significantly higher than the nationwide average. It is no secret that Florida has some of the most expensive home insurance policies in the country. The nationwide average cost of home insurance per year is $1,173.
Since the cost of home insurance in Florida varies from city to city and across counties depending on how vulnerable a region is to the various perils that the state has to deal with, let us quickly check the average cost crisscrossing the densely populated areas in the state. The average cost per month for Miami homeowners is $211. The average annual cost is $2,531. Average value of homes in Miami is $277,700. Miami has a burglary rate of around 8.67 per thousand homes. The monthly and annual costs of home insurance in Tampa are $177 and $2,118 respectively. The average value of homes in Tampa is $216,100. Tampa has a burglary rate of 5.09 per thousand homes.
Burglary is not the most important factor determining the cost of home insurance in Florida. There are cities and towns in the United States that are not as vulnerable to natural catastrophes as Florida. Hence, it is the perils that have the most significant influence on the cost of home insurance in Florida. Jacksonville homeowners are paying an average of $151 per month or $1,810 annual. Homes in Jacksonville have an average value of $157,800. Homeowners in Naples pay an average of $234 per month and around $2,805 per year. Orlando homeowners pay an average of $149 and $1,789 respectively.
The average monthly and annual costs of home insurance in Tallahassee are $155 and $1,865, in Gainesville are $142 and $1,702, in Fort Lauderdale are $190 and $2,275, in Melbourne are $140 and $1,683, in St. Petersburg are $153 and $1,837, in Boynton Beach are $155 and $1,856, in Bradenton are $146 and $1,748, in Cape Coral are $158 and $1,898, in Clearwater are $154 and $1,846, in Clermont are $157 and $1,884, in Coconut Creek are $150 and $1,799, in Coral Gables are $231 and $2,771, in Coral Springs are $181 and $2,168, in Cutler Bay are $172 and $2,059 and in Davie are $174 and $2,084.