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Home Insurance in 33131

Our rates are very competitive for homeowners living in the 33131 zip code. Many homeowners based out of Miami, FL have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our FL 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 33131 should appear in the zip code field ready to go.

33131 Average Home Insurance Rates

Are you looking for a standard HO-3 homeowners policy for your single family home in the Miami area? The average homeowners premium in 33131 is very high in comparison to other states. For example, the national average is $1,249 per year for home insurance coverage for a basic home insurance policy. For homeowners living in the 33131, you can expect to pay around $1537 per year for homeowners coverage. If you want to see which company has the best rates and coverage options, than easily compare rates with us. You can review each premium and we can help explain any question that you may have about different types of coverages and what is best for you and your family.

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Get Home Insurance Quotes in 33131

We can shop up to 12 home insurance quotes for you easily online. You can find out more by exploring one of the three links below to review average homeowners insurance rates in the great state of Florida. Start your 33131 home insurance shopping today!

  1. Miami, FL Home Insurance Quotes

33131 Home Insurance Average Premiums

Local 33131 homeowners insurance quotes comparison

$1287 /yr.

Shows Zip Code: 33131 lowest rates with discounts applied on average.

For the 33131, 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)
$1287 /yr.
Average Coverage:$1537 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1837 /yr.

What is the average home insurance cost for a home in 33131?

  • • The average homeowners insurance premium paid annually for a home in 33131 is around $1537 per year.

What does it cost on average per month for home insurance in 33131?

  • • Homeowners in 33131 pay a monthly average cost per month around $128.00.

What kind of discount could I get if I combine my home and auto insurance together in 33131?

  • • Autoowners in 33131 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 Miami area, check out other zip codes nearby 33131.
Review average rates in another zip code:
33196 homeowners insurance rates
33134 homeowners insurance rates
33175 homeowners insurance rates
33130 homeowners insurance rates
33180 homeowners insurance rates
33186 homeowners insurance rates
33125 homeowners insurance rates
33136 homeowners insurance rates
33178 homeowners insurance rates
33155 homeowners insurance rates

Home Replacement Cost Coverage in 33131

Average Building Cost Per Square Foot in 33131: $167

Location: Miami, Florida (Miami-dade County)

Average Square Footage in 33131: 2,928 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 33131 before you start any project. Miami 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 33131 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 33131 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,928 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 Miami 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$1672,928$488,900
Additional Upgrades & Added Features$2092,928$611,125
Major Home Updates or Advancements$2512,928$733,350

It's important to understand that when you estimate your replacement cost of your home in the 33131 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 33131

Best Home & Auto Insurance Agencies in 33131

Allstate Insurance Companies

Address: 1110 Brickell Ave Miami, FL 33131
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

Allstate Insurance - Javier Torres

Address: 800 Brickell Ave, #Ave-110 Miami, FL 33131
Phone:
Website: http://www.allstatetoolkit.com/clicks_rate.asp?MB_ID=16143
Info:

Housing Demographics for 33131

Population Review for 33131 Zip Code

For the city of Miami, the population within 33131 has increased to over 31,269 residents in population size. The current population total is 26,213. We have broken down the population based on race below. In 33131, there are over 13340 in male population and 12873 females.

PopulationValues
Total Population26,213
White Population12827
Black Population773
Hispanic Population13264
Asian Population967
Hawaiian Population4
Indian Population34
Other Population2346
Male Population13340
Female Population12873
Population Estimate31269

Household Data for 33131

The average number of homes in 33131 is around 14,521, there are an average of 1.80 per household. The average house value according to local real estate values is around $488,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode14,521
Persons Per Household1.80
Average House Value$488,900
Income Per Household$107171
Median Age36.1
Median Age Male36.8
Median Age Female35.4
33131 DetailsValues
StateFL
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code786/305
CityMiami
City Alias NameMIAMI
CountyMiami-dade
County FIPS086
State FIPS12
Time Zone5
Day Light SavingY
MSA4992
PMSA5000
CSA370
CBSA33100
CBSA_DIV33124
CBSA_TypeMetro
CBSA_NameMiami-Fort Lauderdale-West Palm Beach, FL
MSA_NameMiami-Fort Lauderdale, FL CMSA
PMSA_NameMiami, FL PMSA
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses3859
Number Of Employees39893
Business First Quarter Payroll1442129
Business Annual Payroll5562425
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population5564635
CBSA Division Population2496435
Congressional District27
Congressional LandArea208.84
Delivery Residential17372
Delivery Business2155
Delivery Total20223
Preferred Last Line KeyY22388
Classification Code
Multi-County
CSA NameMiami-Port St. Lucie-Fort Lauderdale, FL
CBSA_DIV_NameMiami-Miami Beach-Kendall, FL
City State KeyY22388
Land Area0.501000
Water Area0.858000
City Alias Code
City Mixed CaseMiami
City Alias Mixed CaseMiami
Box Count0
SFDU2
MFDU17370
State ANSI12
County ANSI086
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number115850
Unique ZIP Name
SSA State County Code10120
Medicare CBSA Code33124
Medicare CBSA NameMiami-Miami Beach-Kendall, FL
Medicare CBSA TypeMetro
Market Rating Area ID43
County Mixed CaseMiami-Dade

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 […]