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Home Insurance Rates in 32905

For homeowners shopping online in 32905, our insurance rates are very competitive for homeowners living in Palm Bay, FL. Many homeowners based out of the great city of Palm Bay have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Florida licensed agents can provide a free consultation service to you that allows you to ask questions about which rates and coverage options are best suited for you and your family. To get free home insurance quotes in 32905, simply click the "Get Multiple Quotes Now" button. Your 32905 should appear in the zip code field ready to go. We only need some basic home information to start running multiple quotes for you. Palm Bay, FL Home Insurance Rate Quotes are available for you, we easily review and compare multiple coverage and rate options.

32905 Home Insurance Rating is: Very High!

If you live in 32905, you can easily save up to 40% off the average home insurance premium of $1638 a year by letting us help you compare the best rate and coverage option for your home. We can compare up to 12 major top rated home insurance companies all at once. We also will do a professional analysis to determine which coverage is best suited to cover the risk that you need. Home insurance in Palm Bay can come in a variety of different packages, it's important to understand which homeowners policy is best. Let us help you compare home insurance rates in 32905 today!

Get Multiple Home Insurance Rates in 32905!

32905 Home Insurance Average Premiums

Local 32905 homeowners insurance quotes comparison

$1388 /yr.

Shows Zip Code: 32905 lowest rates with discounts applied on average.

For the 32905, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$1388 /yr.
Average Coverage:$1638 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1938 /yr.

What is the average home insurance cost for a home in 32905?

  • • The average homeowners insurance premium paid annually for a home in 32905 is around $1638 per year.

What does it cost on average per month for home insurance in 32905?

  • • Homeowners in 32905 pay a monthly average cost per month around $137.00.

What kind of discount could I get if I combine my home and auto insurance together in 32905?

  • • Autoowners in 32905 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Palm Bay area, check out other zip codes nearby 32905.
Review average rates in another zip code:
32907 homeowners insurance rates
32908 homeowners insurance rates
32905 homeowners insurance rates
32909 homeowners insurance rates

Home Replacement Cost Coverage in 32905

Average Building Cost Per Square Foot in 32905: $167

Location: Palm Bay, Florida (Brevard County)

Average Square Footage in 32905: 910 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 32905 before you start any project. Palm Bay homeowners pay on average around $167 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 32905 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 32905 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 910 sq. ft. and the average cost to rebuild the home in this area is around $167 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Palm Bay area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$167910$152,000
Additional Upgrades & Added Features$209910$190,000
Major Home Updates or Advancements$251910$228,000

It's important to understand that when you estimate your replacement cost of your home in the 32905 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 32905

Best Home & Auto Insurance Agencies in 32905

Allstate Insurance-Younger Agency/Richard Younger

Address: 5055 Babcock St NE, #5 Palm Bay, FL 32905
Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
Allstate auto insurance quotes and anonymous ballpark estimates to help protect you, your family and your automobile. Insurance and financial products include car insurance, home insurance, business insurance, life insurance, IRAs and annuities. car insurance, auto insurance quote, vehicle insurance, free online insurance quotes, rate quote, life insurance, annuities, mutual funds, IRAs, allstate insurance agent, allstate.com

Housing Demographics for 32905

Population Review for 32905 Zip Code

For the city of Palm Bay, the population within 32905 has increased to over 28,303 residents in population size. The current population total is 26,064. We have broken down the population based on race below. In 32905, there are over 12492 in male population and 13572 females.

PopulationValues
Total Population26,064
White Population16806
Black Population3970
Hispanic Population4343
Asian Population576
Hawaiian Population8
Indian Population108
Other Population1536
Male Population12492
Female Population13572
Population Estimate28303

Household Data for 32905

The average number of homes in 32905 is around 11,725, there are an average of 2.17 per household. The average house value according to local real estate values is around $152,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,725
Persons Per Household2.17
Average House Value$152,000
Income Per Household$48299
Median Age44.5
Median Age Male41.7
Median Age Female47.2
32905 DetailsValues
StateFL
State Full NameFlorida
City TypeB
City Alias Abbreviation
Area Code321/689
CityPalm Bay
City Alias NamePALM BAY
CountyBrevard
County FIPS009
State FIPS12
Time Zone5
Day Light SavingY
MSA4900
PMSA
CSA
CBSA37340
CBSA_DIV
CBSA_TypeMetro
CBSA_NamePalm Bay-Melbourne-Titusville, FL
MSA_NameMelbourne-Titusville-Palm Bay, FL MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses609
Number Of Employees7545
Business First Quarter Payroll88312
Business Annual Payroll395001
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population543376
CBSA Division Population0
Congressional District08
Congressional LandArea1752.06
Delivery Residential13043
Delivery Business925
Delivery Total18133
Preferred Last Line KeyY22635
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY22635
Land Area9.702000
Water Area3.010000
City Alias Code
City Mixed CasePalm Bay
City Alias Mixed CasePalm Bay
Box Count0
SFDU6572
MFDU2316
State ANSI12
County ANSI009
ZIP Intro
Alias Intro
Facility CodeB
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number115790
Unique ZIP Name
SSA State County Code10040
Medicare CBSA Code37340
Medicare CBSA NamePalm Bay-Melbourne-Titusville, FL
Medicare CBSA TypeMetro
Market Rating Area ID5
County Mixed CaseBrevard

Florida Homeowners Insurance News & Information

  • Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024

    As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]

  • Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024

    Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]

  • Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024

    A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

  • Florida Lawmakers May Allow Takeout Offers to Citizens’ Policyholders Posted on Wednesday 13th March, 2024

    Lawmakers in Florida are moving closer to allowing specific insurer types to make offers to policyholders currently with Citizen’s Property to insure their vacation or second home.  SB 1716 this week cleared the Senate’s Fiscal Policy Committee for the takeout offers after the Senate’s Banking and Insurance Committee approved the measure earlier this month.  This […]

  • Florida has 7 New Home Insurance Companies Entering the Market Posted on Friday 1st March, 2024

    Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute.  The Insurance Information Institute is hopeful that the new insurance […]

  • What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024

    If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

  • Florida Homeowners Advance From Citizens into Private Companies Posted on Tuesday 5th December, 2023

    Homeowners Choice Property and Casualty Insurance Co. has assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company, the parent company says in a Tuesday news release. Homeowners Choice is owned by HCI Group Inc., a holding company with operations in homeowners insurance, information technology services, real estate and reinsurance. Homeowners Choice […]