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Quickly Revew Homeowners Insurance in 33898

If you own a home in Lake Wales, FL you need a great homeowners policy to protect your home and possessions. Industry experts recommend shopping your homeowners insurance on a yearly basis to ensure that you are getting the best price and coverage levels.

GetHomeInsuranceQuotes.com can help you shop your coverage and find the best policy for your home in 33898 zip code. Our service is always free and we will gather quotes from up to 12 nationwide insurers so you can see all of your homeowners insurance options in one place. Our Florida licensed agents will also review your needs and make sure you have the appropriate coverage for your home.

If you want to see real savings on the cost of homeowners insurance start shopping GetHomeInsuranceQuotes.com right now. Get started by clicking the Get Multiple Quotes Now" button below, verify your 33898 and start comparing rates now.

33898 Homeowners Insurance Rates Are Considered: very high!

The average rate for a standard homeowners policy in 33898 is $1607 according to industry data. We can help you achieve substantial savings by using our online quoting process to find the best policy for your specific home. We will also make sure you are fully covered. Insurance policies and coverage levels vary so it is key to fully understand your policy and what it covers as well as any coverage limitations.

We only deal with reputable, nationwide insurers so you can be confident that if you do need to make a claim it will be handled quickly and fairly. It’s time to start shopping for a new policy.

Get 33898 Home Insurance Rate Quotes Right Now!

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Lake Wales, FL home insurance quotes in your local city and review the most competitive coverages and premiums.

33898 Home Insurance Average Premiums

Local 33898 homeowners insurance quotes comparison

$1357 /yr.

Shows Zip Code: 33898 lowest rates with discounts applied on average.

For the 33898, 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)
$1357 /yr.
Average Coverage:$1607 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1907 /yr.

What is the average home insurance cost for a home in 33898?

  • • The average homeowners insurance premium paid annually for a home in 33898 is around $1607 per year.

What does it cost on average per month for home insurance in 33898?

  • • Homeowners in 33898 pay a monthly average cost per month around $134.00.

What kind of discount could I get if I combine my home and auto insurance together in 33898?

  • • Autoowners in 33898 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 Lake Wales area, check out other zip codes nearby 33898.
Review average rates in another zip code:
33853 homeowners insurance rates
33898 homeowners insurance rates
33859 homeowners insurance rates

Home Replacement Cost Coverage in 33898

Average Building Cost Per Square Foot in 33898: $167

Location: Lake Wales, Florida (Polk County)

Average Square Footage in 33898: 739 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 33898 before you start any project. Lake Wales 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 33898 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 33898 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 739 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 Lake Wales 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$167739$123,400
Additional Upgrades & Added Features$209739$154,250
Major Home Updates or Advancements$251739$185,100

It's important to understand that when you estimate your replacement cost of your home in the 33898 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 33898

Best Home & Auto Insurance Agencies in 33898

Housing Demographics for 33898

Population Review for 33898 Zip Code

For the city of Lake Wales, the population within 33898 has increased to over 20,389 residents in population size. The current population total is 17,971. We have broken down the population based on race below. In 33898, there are over 8887 in male population and 9084 females.

PopulationValues
Total Population17,971
White Population13539
Black Population1613
Hispanic Population2818
Asian Population158
Hawaiian Population12
Indian Population86
Other Population1140
Male Population8887
Female Population9084
Population Estimate20389

Household Data for 33898

The average number of homes in 33898 is around 7,563, there are an average of 2.38 per household. The average house value according to local real estate values is around $123,400. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,563
Persons Per Household2.38
Average House Value$123,400
Income Per Household$48185
Median Age51.1
Median Age Male51.4
Median Age Female50.9
33898 DetailsValues
StateFL
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code863
CityLake Wales
City Alias NameLAKE WALES
CountyPolk
County FIPS105
State FIPS12
Time Zone5
Day Light SavingY
MSA3980
PMSA
CSA422
CBSA29460
CBSA_DIV
CBSA_TypeMetro
CBSA_NameLakeland-Winter Haven, FL
MSA_NameLakeland-Winter Haven, FL MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses170
Number Of Employees1560
Business First Quarter Payroll14704
Business Annual Payroll58485
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population602095
CBSA Division Population0
Congressional District18
Congressional LandArea1512.55
Delivery Residential8567
Delivery Business180
Delivery Total14076
Preferred Last Line KeyY22223
Classification Code
Multi-CountyY
CSA NameOrlando-Lakeland-Deltona, FL
CBSA_DIV_Name
City State KeyY22223
Land Area296.924000
Water Area46.223000
City Alias Code
City Mixed CaseLake Wales
City Alias Mixed CaseLake Wales
Box Count0
SFDU6184
MFDU1272
State ANSI12
County ANSI105
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number114995
Unique ZIP Name
SSA State County Code10520
Medicare CBSA Code29460
Medicare CBSA NameLakeland-Winter Haven, FL
Medicare CBSA TypeMetro
Market Rating Area ID53
County Mixed CasePolk

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: […]