How much is Home Insurance in Miami?

The cost of home insurance in Miami can range from a thousand dollars up to fourteen hundred dollars per year. The monthly cost is usually between eighty five and a hundred and fifteen dollars. You should shop for as many quotes as you can get to compare and assess the policies on the basis of coverage and relevant deductibles as well as exemptions. There are ways to save on home insurance in Miami, not only by comparison but also through exploring special policies and bundling discounts.

The most important parameters influencing the cost of home insurance in Miami is the value of the property and its location. The value determines the coverage according to . The location partly determines its specific vulnerabilities.

Properties valued under fifty thousand dollars can be insured for an average premium of a hundred and thirty dollars. Properties value between fifty thousand and sixty thousand dollars can be insured for just under three hundred dollars. For every additional ten thousand dollars valuation up to a hundred thousand, the cost of premium goes up by around fifty dollars. So for a property valued at just under a hundred thousand, the average premium is slightly more than five hundred dollars.

Properties valued at over a hundred thousand can be insured for six hundred dollars per year. Houses valued at nearly two hundred thousand will cost around a thousand dollars per year to insure. The cost of coverage goes up substantially thereafter. Properties value at three hundred thousand up to half a million will cost two thousand dollars or more to insure.

The cost of home insurance in Miami varies by zip code or neighborhood and hence street according to . Home insurance is relatively reasonable in Santa Maria St, Biscayne Bay Dr, NE 98th St, Duval St, SW 23rd Rd, NE 90th St, NW 104th St, NE 75th St, NW 64th Ct, NE 18th St, NE 18th St, NE 157th Ter, NE 210th St, NE 212th St, NW 92nd Ter, Mokena Dr, W 34th Street Rd, Curtiss Dr and SW 21st Rd.

Annual cost goes up for Palermo Ave, Labaron Dr, Corniche Ave, NW 38th Ter, NW 62nd Ter, Perugia Ave, South St, W Trade Ave, Messina Ave, N Waterway Dr, NW 51st Pl, Trascoro Ave, Memorial Hwy, Jib Ct, NE 50th St, NE 182nd St, Lamb Ct, Oriole Ave, NW 120th Ter and Bentley Dr. The cost goes further up for W Golf Dr, NW 137th St, Pan American Dr, NW 49th Ter, NE 29th Ct, Secoffee St, NE 199th Ln, Linden Ln, Riviera Ct and Plaza St.