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33040 Homeowners Insurance Rate Quotes

Are you shopping for homeowners insurance quotes in 33040? Our rates are very competitive for homeowners living in Key West, FL. Many homeowners based out of your 33040 area have found it very easy to shop with For example, we clearly showcase the carriers that we will shop for you. Plus, our homeowners insurance quotes are free and our Florida licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 33040 should appear in the zip code field ready to go. For Key West, FL Home Insurance Rate Quotes click to review the best rates and service online!

33040 Average Premium is Rated: Very High!

Homeowners living in 33040 can easily save up to 40% off the average home insurance premium of $1525 a year by comparing rates with us at You don't have to do the research to find the best company, rate and coverage options. We have already done this for you. We have 12 major carriers in Key West that are all very competitive and have the best rate and coverage option available. All you need to do is request quotes online for zip code 33040 and we will help you compare prices and apply all available discounts. If you want savings and also need help deciding which policy is best for you, than let us help you compare multiple rates today!

Get Multiple Home Insurance Rates in 33040!

33040 Home Insurance Average Premiums

Local 33040 homeowners insurance quotes comparison

$1275 /yr.

Shows Zip Code: 33040 lowest rates with discounts applied on average.

For the 33040, 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)
$1275 /yr.
Average Coverage:$1525 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1825 /yr.

What is the average home insurance cost for a home in 33040?

  • • The average homeowners insurance premium paid annually for a home in 33040 is around $1525 per year.

What does it cost on average per month for home insurance in 33040?

  • • Homeowners in 33040 pay a monthly average cost per month around $127.00.

What kind of discount could I get if I combine my home and auto insurance together in 33040?

  • • Autoowners in 33040 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 Key West area, check out other zip codes nearby 33040.
Review average rates in another zip code:
33040 homeowners insurance rates

Home Replacement Cost Coverage in 33040

Average Building Cost Per Square Foot in 33040: $167

Location: Key West, Florida (Monroe County)

Average Square Footage in 33040: 4,066 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 33040 before you start any project. Key West 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 33040 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 33040 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 4,066 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 Key West 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$1674,066$679,100
Additional Upgrades & Added Features$2094,066$848,875
Major Home Updates or Advancements$2514,066$1,018,650

It's important to understand that when you estimate your replacement cost of your home in the 33040 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 33040

Baker AL HTH Agent

Address: 3229 Flagler Avenue Key West, FL 33040
Phone: (305)294-6666

Bob Regan Insurance Agency Inc

Address: 90144 Overseas Highway Key West, FL 33040
Phone: (305)852-3234

Best Home & Auto Insurance Agencies in 33040

Allstate Insurance Companies

Address: 805 Peacock Plz Key West, FL 33040

Baker AL HTH Agent

Address: 3229 Flagler Ave Key West, FL 33040

Housing Demographics for 33040

Population Review for 33040 Zip Code

For the city of Key West, the population within 33040 has increased to over 36,939 residents in population size. The current population total is 35,958. We have broken down the population based on race below. In 33040, there are over 18843 in male population and 17115 females.

Total Population35,958
White Population23715
Black Population3886
Hispanic Population9041
Asian Population747
Hawaiian Population39
Indian Population164
Other Population2029
Male Population18843
Female Population17115
Population Estimate36939

Household Data for 33040

The average number of homes in 33040 is around 15,206, there are an average of 2.31 per household. The average house value according to local real estate values is around $679,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode15,206
Persons Per Household2.31
Average House Value$679,100
Income Per Household$73884
Median Age44.4
Median Age Male45.0
Median Age Female43.8
33040 DetailsValues
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code305
CityKey West
City Alias NameKEY WEST
County FIPS087
State FIPS12
Time Zone5
Day Light SavingY
CBSA_NameKey West-Key Largo, FL
DivisionSouth Atlantic
Economic & Growth ReviewValues
Number Of Businesses1702
Number Of Employees14420
Business First Quarter Payroll147485
Business Annual Payroll680307
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population73090
CBSA Division Population0
Congressional District28
Congressional LandArea0
Delivery Residential15991
Delivery Business1830
Delivery Total17521
Preferred Last Line KeyY22167
Classification Code
CSA NameMiami-Port St. Lucie-Fort Lauderdale, FL
City State KeyY22167
Land Area17.724000
Water Area121.498000
City Alias Code
City Mixed CaseKey West
City Alias Mixed CaseKey West
Box Count0
State ANSI12
County ANSI087
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number114620
Unique ZIP Name
SSA State County Code10430
Medicare CBSA Code99910
Medicare CBSA NameRural Areas in FL
Medicare CBSA TypeMicro
Market Rating Area ID44
County Mixed CaseMonroe

Florida Homeowners Insurance News & Information

  • 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 […]

  • 2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023

    The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies.  Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]

  • Fall 2023: Florida Homeowners Insurance Premium Update Posted on Tuesday 24th October, 2023

    Despite the fact that the Florida legislation finally passed a couple of bills to deal with the ever-increasing cost of homeowners insurance, it seems unlikely that premiums will start to fall anytime soon according to a report put out by Karen Clark & Company (KCC), a risk modelling firm. The recent report, titled “Managing Expectations: […]

  • Citizens Property Insurance Corporation Citizens Property Sends Out Letters Posted on Wednesday 27th September, 2023

    Soon, hundreds of thousands of Citizens Property Insurance Company policyholders will be getting a letter in their mailbox asking them to move their policy to a private insurance company and away from Citizens, the state-backed insurer of last resort. Citizens Property is using the letters as part of its “Depopulation” effort that was approved by […]

  • 5 New Homeowners Insurance Companies Step into the Florida Insurance Market Posted on Wednesday 27th September, 2023

    Florida’s property insurance disaster may be taking baby steps in the right direction as five new insurers step into the Florida market, taking over hundreds of thousands from Citizens Property, Florida’s insurer of last resort. This could lead to more insurance options for residents of the Sunshine State soon. The five companies in the mix […]

  • Why is Florida homeowners insurance so expensive? Posted on Friday 22nd September, 2023

    Homeowner insurance premiums are dramatically heading up this year, particularly in states that are prone to natural disasters. According to a new report from Policygenius, the average homeowner policy went up 21% nationally which is on top of a 12% increase that homeowners endured last year.  As usual, Florida is at the top of the […]