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Home Insurance Rates in 33042

For homeowners shopping online in 33042, our insurance rates are very competitive for homeowners living in Summerland Key, FL. Many homeowners based out of the great city of Summerland Key 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 33042, simply click the "Get Multiple Quotes Now" button. Your 33042 should appear in the zip code field ready to go. We only need some basic home information to start running multiple quotes for you. Summerland Key, FL Home Insurance Rate Quotes are available for you, we easily review and compare multiple coverage and rate options.

33042 Home Insurance Rating is: Very High!

If you live in 33042, you can easily save up to 40% off the average home insurance premium of $1593 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 Summerland Key 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 33042 today!

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33042 Home Insurance Average Premiums

Local 33042 homeowners insurance quotes comparison

$1343 /yr.

Shows Zip Code: 33042 lowest rates with discounts applied on average.

For the 33042, 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)
$1343 /yr.
Average Coverage:$1593 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1893 /yr.

What is the average home insurance cost for a home in 33042?

  • • The average homeowners insurance premium paid annually for a home in 33042 is around $1593 per year.

What does it cost on average per month for home insurance in 33042?

  • • Homeowners in 33042 pay a monthly average cost per month around $133.00.

What kind of discount could I get if I combine my home and auto insurance together in 33042?

  • • Autoowners in 33042 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 Summerland Key area, check out other zip codes nearby 33042.
Review average rates in another zip code:
33042 homeowners insurance rates

Home Replacement Cost Coverage in 33042

Average Building Cost Per Square Foot in 33042: $167

Location: Summerland Key, Florida (Monroe County)

Average Square Footage in 33042: 3,541 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 33042 before you start any project. Summerland Key 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 33042 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 33042 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 3,541 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 Summerland Key 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$1673,541$591,300
Additional Upgrades & Added Features$2093,541$739,125
Major Home Updates or Advancements$2513,541$886,950

It's important to understand that when you estimate your replacement cost of your home in the 33042 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 33042

Best Home & Auto Insurance Agencies in 33042

Housing Demographics for 33042

Population Review for 33042 Zip Code

For the city of Summerland Key, the population within 33042 has increased to over 8,577 residents in population size. The current population total is 6,841. We have broken down the population based on race below. In 33042, there are over 3588 in male population and 3253 females.

PopulationValues
Total Population6,841
White Population5876
Black Population102
Hispanic Population803
Asian Population66
Hawaiian Population6
Indian Population20
Other Population160
Male Population3588
Female Population3253
Population Estimate8577

Household Data for 33042

The average number of homes in 33042 is around 3,090, there are an average of 2.21 per household. The average house value according to local real estate values is around $591,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode3,090
Persons Per Household2.21
Average House Value$591,300
Income Per Household$95365
Median Age54.4
Median Age Male54.6
Median Age Female54.0
33042 DetailsValues
StateFL
State Full NameFlorida
City TypeP
City Alias AbbreviationSUMMRLND KEY
Area Code305
CitySummerland Key
City Alias NameSUMMERLAND KEY
CountyMonroe
County FIPS087
State FIPS12
Time Zone5
Day Light SavingY
MSA
PMSA
CSA370
CBSA28580
CBSA_DIV
CBSA_TypeMicro
CBSA_NameKey West-Key Largo, FL
MSA_Name
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses207
Number Of Employees956
Business First Quarter Payroll9302
Business Annual Payroll43306
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 Residential3881
Delivery Business110
Delivery Total4243
Preferred Last Line KeyY23038
Classification Code
Multi-County
CSA NameMiami-Port St. Lucie-Fort Lauderdale, FL
CBSA_DIV_Name
City State KeyY23038
Land Area27.589000
Water Area95.780000
City Alias Code
City Mixed CaseSummerland Key
City Alias Mixed CaseSummerland Key
Box Count254
SFDU3775
MFDU1
State ANSI12
County ANSI087
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number118780
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

  • 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 […]

  • 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: […]