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Are you paying too much for homeowners insurance in 33161? If the answer is yes, you are not alone. Luckily, we can help you find a great policy in Miami, FL that provides all of the protection you need at a price that is affordable.

Our service doesn’t end with sending you quotes from 12 of the nations top insurance companies, our Florida licensed agents will also advise you on every step of the process. They can review your coverage levels to make sure you are fully protected, answer any questions you have and perform a discount review.

Discounts are a major factor when shopping for insurance and can dramatically reduce your costs. Most insurers offer a variety of homeowners insurance discounts but here are few of the most common discounts in 33161?

  • Bundling: Buying home, auto and life from one insurer will result in a big discount. Details vary but expect savings of up to 25 percent.
  • Security System: Have a security system in your home or are installing one? You should qualify for a discount. Notify your insurer and ask for a home security system discount.
  • Paperless Policy: Getting your policy and bills via email instead of in the mail reduces cost for your insurer and they pass some of the savings on to you.

Our service is always free so get started today. Free 33161 home insurance quotes are just a click away. Simply click the "Get Multiple Quotes Now" button, verify your 33161 and get ready to save.

3 Easy Ways To Save Money In 33161

These three links will help you explore home insurance quotes in 33161 zip code as well as provide data about the average cost of a policy in your particular area. This information can be used to verify you are getting a great price on your new policy.

Get Your 33161 Home Insurance Costs Rated: very high!

The average price for a homeowners insurance policy in Miami is roughly $1580. This average is for a standard HO-3 policy, which is the industry standard for a single family home. While an HO-3 policy will protect your home and possessions while also offering liability coverage, it does not protect against flood or earthquake damage.

If you live in a flood zone, a separate flood insurance policy will be required. Our quoting process, combined with our agents local knowledge ensures that you will have the protection you need for your home.

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33161 Home Insurance Average Premiums

Local 33161 homeowners insurance quotes comparison

$1330 /yr.

Shows Zip Code: 33161 lowest rates with discounts applied on average.

For the 33161, 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)
$1330 /yr.
Average Coverage:$1580 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1880 /yr.

What is the average home insurance cost for a home in 33161?

  • • The average homeowners insurance premium paid annually for a home in 33161 is around $1580 per year.

What does it cost on average per month for home insurance in 33161?

  • • Homeowners in 33161 pay a monthly average cost per month around $132.00.

What kind of discount could I get if I combine my home and auto insurance together in 33161?

  • • Autoowners in 33161 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 33161.
Review average rates in another zip code:
33142 homeowners insurance rates
33182 homeowners insurance rates
33134 homeowners insurance rates
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33129 homeowners insurance rates
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33194 homeowners insurance rates
33146 homeowners insurance rates
33143 homeowners insurance rates
33189 homeowners insurance rates

Home Replacement Cost Coverage in 33161

Average Building Cost Per Square Foot in 33161: $167

Location: Miami, Florida (Miami-dade County)

Average Square Footage in 33161: 1,755 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 33161 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 33161 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 33161 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,755 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$1671,755$293,100
Additional Upgrades & Added Features$2091,755$366,375
Major Home Updates or Advancements$2511,755$439,650

It's important to understand that when you estimate your replacement cost of your home in the 33161 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 33161

Best Home & Auto Insurance Agencies in 33161

North Miami Insurance Agency

Address: 12935 West Dixie Highway North Miami, FL 33161
Phone:
Website: http://www.northmiamiautotag.com/
Info:

Bob Milligan Ins Agcy Inc - State Farm Insurance Agent

Address: 11098 Biscayne Blvd, #102 Miami, FL 33161
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Alexis Business Enterprises

Address: 822 NE 125th St, #100 North Miami, FL 33161
Phone:
Website:
Info:

Discount Insurance Miami

Address: 801 Northeast 125th Street Miami, FL 33161
Phone:
Website: http://www.discountinsurancemiami.com/
Info:

ACE Cash Express

Address: 14546 Northeast 2nd Avenue Miami, FL 33161
Phone:
Website: http://www.acecashexpress.com/
Info:

Housing Demographics for 33161

Population Review for 33161 Zip Code

For the city of Miami, the population within 33161 has increased to over 49,043 residents in population size. The current population total is 53,015. We have broken down the population based on race below. In 33161, there are over 24998 in male population and 28017 females.

PopulationValues
Total Population53,015
White Population8663
Black Population29706
Hispanic Population15941
Asian Population1016
Hawaiian Population17
Indian Population247
Other Population4770
Male Population24998
Female Population28017
Population Estimate49043

Household Data for 33161

The average number of homes in 33161 is around 17,582, there are an average of 2.83 per household. The average house value according to local real estate values is around $293,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode17,582
Persons Per Household2.83
Average House Value$293,100
Income Per Household$44779
Median Age37.3
Median Age Male36.8
Median Age Female37.6
33161 DetailsValues
StateFL
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code305/786/954
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 Businesses945
Number Of Employees10977
Business First Quarter Payroll86574
Business Annual Payroll378287
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 District24
Congressional LandArea106.08
Delivery Residential17330
Delivery Business1225
Delivery Total19321
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 Area5.483000
Water Area0.057000
City Alias Code
City Mixed CaseMiami
City Alias Mixed CaseMiami
Box Count0
SFDU9274
MFDU7245
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 […]