Pompano Beach, FL Homeowners Insurance Rate Quotes!

Did you know Pompano Beach, FL homeowners are now finding easier ways to compare home insurance rates online. At GetHomeInsuranceQuotes.com, we provide superior service when it comes to taking care of your insurance needs. Our online quoting application process has been trusted by thousands of homeowners like you who want a quick way to review and compare rates without any hassle. Our Florida licensed homeowners insurance professionals are here to help you compare multiple options and our convenient service allows us to answer the questions that you need to get the right coverage at the most affordable price. We provide the best rates from up to 12 or more different carriers that are all highly rated by A.M Best and we shop the policy with you so you know which Pompano Beach insurance policy is best for you. Start your quote today by entering your Pompano Beach zip code for the home you would like to insure!

Average Pompano Beach Homeowners Insurance Premiums

Right now residence of Pompano Beach are paying on average around $139 per month which most homeowners pay annually for homeowners insurance so you are looking to pay around $1,673 per year. If we can help you shop rates and apply discounts and credits, premiums can range from cheaper prices around $1,423 per year to upwards of $1,973 a year depending on the overall replacement cost coverage amount needed to rebuild your home if a major peril were to occur. Insurance coverage on a home can be complicated, but we try to help make the shopping easy.

When it comes to homeowners insurance there are a number of different types that are designed to cover the specific type of housing you call home. Here are just a few home insurance coverage types available in Pompano Beach:

HO-3: A HO-3 policy is the most common type of homeowners insurance being written today. It offers coverage for all perils, excepting those that are specifically named in the policy as exclusions. Most policies for the city of Pompano Beach have a number of exclusions but the most common ones are flooding and earthquake damage.
HO-5: The HO-5 is considered a premium policy and offers broader coverage than the HO-3. It covers your home, other structures, loss of use and your personal belongings as an “all perils” policy, which means that you are covered from everything except exclusions listed in the policy. The big difference is that all of your personal property is covered under the all perils coverage while a HO-3 limits property damage coverage to specially named perils. HO-5 policies can be significantly more expensive.
H0-6: This type of policy is specifically written to cover people who live in a condo or a co-op building. This policy type will protect your belongings as well as any structural components of the building that you actually own. The walls of your condo or apartment are examples. HO-6 policies are listed perils policies which means they only cover the perils listed on the policy.

Facts About Pompano Beach Florida

The city of Pompano Beach Florida currently has 99,845 residents that call it home. This number translates into 13,949 households in the area and each household has about 3 people. The median household income is $69,144, which is very close to the national median and home prices in Pompano Beach average $286,559 making it a very affordable city to buy a house.

Pompano Beach, FL Housing Demographics

The city of Pompano Beach in Florida is roughly around 99,845 residents in population size with 42182 occupied homes within the city of Pompano Beach. The average family household in Pompano Beach is 22557.

Demographic	Values
Population	99,845
Total Occupied Households	42182
Family Households (families)	22557
Average Owner Occupied Household Size	2.19
Average Family Size	3.00
Total Housing Units	55885

Compare Homeowners Insurance Rates in Pompano Beach, FL!

Get up to 12 competitive Pompano Beach, FL homeowners insurance 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 Pompano Beach, 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 Pompano Beach

Are you looking for homeowners insurance in a city near Pompano Beach? 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 Pompano Beach, FL

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Pompano Beach.

33060, 33062, 33063, 33066, 33067, 33068, 33069, 33073, 33076,

Pompano Beach, FL Home Insurance Average Premiums

Local Pompano Beach, FL home insurance quotes comparison

$1423 /yr.

Shows Pompano Beach's lowest average rates with discounts applied.

For the city of Pompano Beach, 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)	$1423 /yr.
Average Coverage:	$1673 /yr.
2600 sq. ft. or higher (all discounts applied)	$1973 /yr.

What is the average home insurance cost for a home in Pompano Beach, FL?

• The average homeowners insurance premium paid annually for a home in Pompano Beach is around $1673 per year.

What does it cost on average per month for home insurance in Pompano Beach, FL?

• Homeowners in Pompano Beach pay an average cost per month around $139.00 for insurance coverage.

Pompano Beach, FL Coastal Wind, Hail & Flood Information

Pompano Beach 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 Pompano Beach is know for it's beautiful beaches and waterways. Because Broward County (FIPS: 12011) 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 Pompano Beach, FL.

Coastal Pompano Beach, 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

Pompano Beach, FL - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$350,178	$301,569
February	$350,661	$308,093
March	$352,024	$315,121
April	$353,176	$322,259

Homeowners insurance will help cover the cost to repair or replace your Pompano Beach 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 Pompano Beach
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.

Get up to 12 competitive Pompano Beach, FL homeowners insurance rates all in one place!

Saving Money Tips on Pompano Beach Home Insurance

A great way to save money on Pompano Beach 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 Pompano Beach 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
12 ft.	This is the average home elevation in Pompano Beach, 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 Pompano Beach, 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.

Elevation

Details

Homeowners Tips

12 ft.

This is the average home elevation in Pompano Beach, 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 Pompano Beach, 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 Pompano Beach, 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 Broward County.

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 […]

Pompano Beach, FL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Pompano Beach 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 Pompano Beach, FL?

- The average square footage in Pompano Beach is around 1,716 Sq. Ft. which would cost you around $286,559 to replace the home if you base the home on the price to build per square foot of $167.

Minimum Replacement Cost Total: $286,559

Location: Pompano Beach, Florida (Broward County)

Average Building Cost Per Square Foot in Pompano Beach: $167 (low end)

Average Square Footage in Pompano Beach: 1,716 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$167	$286,559
Some Additional Upgrades	$209	$358,199
Major Home Updates or Advancements	$251	$429,839

Calculate Your Pompano Beach, FL Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($167) in Pompano Beach, 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.

Home Insurance Reviews in Pompano Beach, FL

Mark - M. (5 Rating: )
"Outstanding service, great options, you made it easy on me. Thanks!!!"
Barbara - P. (5 Rating: )
"My husband and I were very pleased. Thank you for helping us!"
Jacob - L. (5 Rating: )
"So Fast! Thanks for the quick response and fast service! Felt great to get this done and off my list. "
Eric - C. (5 Rating: )
"Every time I had a question you were there to help me. Getting insurance in Florida is not easy, but you guys made it seem so simple. We value your business and will refer you to our friends. "
Ellenor - W. (5 Rating: )
"It was great to work with this company. I found the process to be very helpful to see all the different prices for my house at once. I would recommend this to my daughter and friends. "