Big Pine Key, FL Home Insurance Quotes!

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Chances are you are shopping online because your home insurance rates have increased in Big Pine Key, FL. Getting up to 12 home insurance quotes from GetHomeInsuranceQuotes.com couldn't be easier. Within minutes you can review and compare the most affordable and even the cheapest rates available. Our home insurance carriers are very competitive in Big Pine Key and have a above average rating with A.M. Best. If you have additional questions or would prefer to work with a local home insurance agent then please give us a call. For faster quotes, you can start your home insurance quotes online today!

If you are curious about the details of insurance, you may want to ask about coverage for your home in Big Pine Key, Florida. You may be interested to know that a homeowners insurance policy is classified as a multiperl. In the simpliest of terms, this means that it combines both your property and casualty coverage into one packaged policy making it convenient and more affordable to insure your home in Big Pine Key. Your homeowners policy is designed to protect you from major risk like fire, wind/hail and even theft. In addition, your packaged policy can also cover your belongings and liability coverage that may occur due to accidents or injury. Our agents feel it is important for you save money on your home insurance premium, but understanding the benefits of good coverage can help protect you when you need it most.

Big Pine Key, FL Housing & City Data

SourceValue
Location:Big Pine Key, FL (MONROE County)
Population:17,252
Occupied Residents:7,964
Average Real Estate Value Per Zip Code:$365,600

Homeowners Insurance in Big Pine Key

Let's talk homeowners insurance rates for Big Pine Key residents. Did you know that homeowners are discovering new ways to save time and money by finding lower rates when they shop online. Overall this area may not be considered the most expensive state in the country to buy home insurance. Residents of Big Pine Key, FL are currently paying between $1,732.00 and $2,598.00 for homeowners insurance coverage. The majority of the United States home insurance premiums are around $1,311, for Florida the average rate combining all premiums is around $2,165 a year. These average home insurance rates reflect the annual premium of a standard home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.

Finding the best home insurance rates online is easy with GetHomeInsuranceQuotes.com. Please allow our service to provide huge savings benefits for you and your family. First, enter your zip code to start shopping local Big Pine Key, FL rates. We can help you save up to 40% or more, average rates are around $1,642 for homeowners living in a 2100 square foot home or smaller. Cheaper rates can be found in the $1,392 per year for home insurance. Let us help you shop and save today!

Compare Homeowners Insurance Rates in Big Pine Key, FL!

Enter your Zip Code:    

Get up to 12 competitive Big Pine Key, FL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Big Pine Key, FL rates all in one place!

Our Service in Florida

You can feel confident that our experience, integrity and service will help you find the best insurance policy at a price you can afford. We work with a wide variety of insurers in Big Pine Key, Florida and all of them are top rated "A+" by A.M. Best Rating and have been in business for several decades.

Just a few of the insurers we work include American Integrity Insurance Group, Anchor Insurance, ASI, Bankers Insurance Group, Centauri Insurance, Chubb, Edison Insurance Company, Florida Peninsula Insurance Company, Heritage Insurance, Lexington Insurance, Olympus Insurance, People's Trust Insurance Company, St. Johns Insurance Company and many more.

Average Rates Nearby Big Pine Key

Are you looking for homeowners insurance in a city near Big Pine Key? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Big Pine Key, FL

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Big Pine Key.

33043,     

Big Pine Key, FL Home Insurance Average Premiums

Local Big Pine Key, FL home insurance quotes comparison

$1392 /yr.

Shows Big Pine Key's lowest average rates with discounts applied.

For the city of Big Pine Key, 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)
$1392 /yr.
Average Coverage:$1642 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1942 /yr.

What is the average home insurance cost for a home in Big Pine Key, FL?

  • • The average homeowners insurance premium paid annually for a home in Big Pine Key is around $1642 per year.

What does it cost on average per month for home insurance in Big Pine Key, FL?

  • • Homeowners in Big Pine Key pay an average cost per month around $137.00 for insurance coverage.

Big Pine Key, FL Coastal Wind, Hail & Flood Information

Big Pine Key is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood Zone Notice: The beautiful coastal city of Big Pine Key is know for it's beautiful beaches and waterways. Because Monroe County (FIPS: 12087) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Big Pine Key, FL.

Coastal Big Pine Key, Florida Information: To obtain flood insurance coverage, the process usually takes more than 30 days to finalize, if you need flood insurance coverage now, please call us at 888-620-1954.
For more information about your area, please click Coastal Homeowners Insurance in Florida

Big Pine Key, FL - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $787,878 $653,527
February $784,178 $677,832
March $781,648 $705,422
April $783,055 $732,864

Homeowners insurance will help cover the cost to repair or replace your Big Pine Key home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Big Pine Key
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Big Pine Key, FL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Big Pine Key, FL rates all in one place!

Saving Money Tips on Big Pine Key Home Insurance

A great way to save money on Big Pine Key homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Big Pine Key area? Check out what homeowners are paying on average for Florida homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
0 ft. This is the average home elevation in Big Pine Key, FL

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Big Pine Key, Florida.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Big Pine Key, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Monroe County.

Florida Homeowners Insurance News & Information

  • Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024

    As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]

  • Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024

    Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]

  • 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 […]

Big Pine Key, FL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Big Pine Key so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Big Pine Key, FL?

- The average square footage in Big Pine Key is around 2,189 Sq. Ft. which would cost you around $365,600 to replace the home if you base the home on the price to build per square foot of $167.

Minimum Replacement Cost Total: $365,600

Location: Big Pine Key, Florida (Monroe County)

Average Building Cost Per Square Foot in Big Pine Key: $167 (low end)

Average Square Footage in Big Pine Key: 2,189 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$167$365,600
Some Additional Upgrades$209$457,000
Major Home Updates or Advancements$251$548,400

The dwelling coverage is calculated by the average cost per square foot ($167) in Big Pine Key, Florida times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $521,875 (Media price to build of $209 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.