Best & Cheapest Homeowners Insurance in Miami, FL 2025
Security First offers the cheapest homeowners insurance to homeowners in Miami, with an average annual quote of $1,110.
We’ve saved shoppers an average of $450 per year on their home insurance.
In Miami, Security First provides the cheapest policy, with average annual rates of $1,110. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.
Miami experiences approximately 1,453 residential burglaries annually. Additionally, Miami’s rates climb with hurricane winds, flood-zone maps, older wood-frame roofs, termite trouble, and rising rebuild costs.
To help people navigate the tough home insurance market, I researched several options to find you the best and cheapest home insurance companies in Miami, FL.
Key Takeaways
Security First provides the cheapest home insurance policy in Miami, at an average annual rate of $1,110
The average cost of homeowners insurance in Miami is $3,575 per year.
There are various ways to save on your premiums, such as shopping around for quotes and re-assessing your coverage needs.
Cheapest Homeowners Insurance In Miami
Security First is the cheapest overall carrier for homeowners insurance in Miami, FL, with an average annual rate of $1,110.
| Company | Annual Premium |
| State Farm | $3,290 |
| Security First | $1,110 |
| Tower Hill | $2,795 |
| Chubb | $1,190 |
| Universal Property | $4,005 |
Cheapest Homeowners Insurance In Miami If You Have Poor Credit
If your credit score is poor, Security First provides the most affordable solution, with an average annual rate of $1,120.
| Insurance Company | Average Annual Premium |
| Tower Hill | $4.500 |
| State Farm | $5,638 |
| Security First | $1,120 |
| Universal Property | $4,020 |
| Chubb | $1,734 |
Cheapest Homeowners Insurance In Miami For Older Homes
For those with older homes, State Farm offers the cheapest rates, averaging $3,258 per year.
Older homes often come with unique risks and maintenance issues, which can drive up insurance costs.
| Insurance Company | Average Annual Premium |
| State Farm | $3,258 |
| Universal North America | $3,486 |
| Tower Hill | $4,412 |
| Chubb | $3,539 |
| Heritage | $4,580 |
Cheapest Homeowners Insurance For Newly Constructed Homes
If you’re the proud owner of a newly constructed home, Travelers offers the most cost-effective solution, with an average annual rate of $2,888.
| Insurance Company | Average Annual Premium |
| Travelers | $2,888 |
| State Farm | $3,038 |
| Nationwide | $4,963 |
| Chubb | $5,187 |
| Security First | $8,360 |
Cheapest Home Insurance In Miami For A History Of Claims
For homeowners with a history of claims, Security First provides an affordable solution, with an average annual rate of $1,114.
A history of claims can raise red flags for insurers, often leading to higher premiums.
| Insurance Company | Average Annual Premium |
| State Farm | $3,750 |
| Security First | $1,114 |
| Universal Property | $4,000 |
| Chubb | $1,190 |
| Tower Hill | $2,762 |
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Best Homeowners Insurance Companies In Miami, FL
To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Miami, FL. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability.
Take a look at our comparison chart below and find the perfect fit for your home insurance needs.
| Company | Annual Premium |
| State Farm | $3,288 |
| Chubb | $1,188 |
| Universal Property | $4,002 |
| Security First | $1,110 |
| Tower Hill | $2,792 |
How Much Is Homeowners Insurance In Miami, FL?
The average cost of home insurance in Miami is approximately $3,575 per year. It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.
As you can see below, rates in Miami are more expensive than the National average and the Florida State average.
| Area | Average Monthly Rate |
| National | $1,820 |
| Florida | $3,390 |
| Miami | $3,575 |
Average Miami Home Insurance Rates By ZIP Code
The cost of homeowners insurance in Miami, FL can vary significantly based on the ZIP code.
The table below showcases average rates for different zip codes in Miami.
| ZIP Code | Average Annual Premium |
| 33135 | $3,640 |
| 33133 | $3,545 |
| 33142 | $3,658 |
| 33125 | $3,628 |
| 33126 | $3,670 |
Cheapest ZIP Codes For Home Insurance In Miami
At $3,248 per year, the ZIP code 33198 is the cheapest average ZIP code for home insurance in Miami.
| ZIP Code | Average Annual Premium |
| 33133 | $3,545 |
| 33122 | $3,518 |
| 33129 | $3,542 |
| 33199 | $3,310 |
| 33198 | $3,248 |
Most Expensive ZIP Codes For Home Insurance In Miami
The most expensive ZIP code in Miami is 33144, at an average annual premium of $3,688.
| ZIP Code | Average Annual Premium |
| 33142 | $3,658 |
| 33128 | $3,640 |
| 33195 | $3,642 |
| 33126 | $3,670 |
| 33144 | $3,688 |
Average Home Insurance Rates In Miami, FL By Deductible Amount
The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Miami, FL. Generally, a higher deductible means lower premiums, but you’ll pay more out of pocket if you need to make a claim.
Here’s how the average home insurance rates in Miami fluctuate with insurers for different deductible amounts:
| Insurer | Annual Rate for $500 Deductible | Annual Rate for $1,000 Deductible | Annual Rate for $1,500 Deductible |
| Travelers | $3,049 | $2,902 | $2,805 |
| Nationwide | $5,469 | $5,209 | $5,049 |
| State Farm | $8,275 | $7,882 | $7,649 |
| Security First | $9,220 | $8,775 | $8,524 |
| Chubb | $1,232 | $1,186 | $1,145 |
Average Home Insurance Rates In Miami, FL By Coverage Amount
One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.
The below table outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $2,685 |
| $250,000 | $2,710 |
| $300,000 | $3,575 |
| $350,000 | $3,800 |
| $400,000 | $4,720 |
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Compare Home Insurance Rates To Other Cities In Miami
The following table shows the average rates of home insurance across various cities in Florida.
| City | Annual Premium |
| Gainesville | $1,399 |
| Jacksonville | $3,040 |
| Tallahassee | $1,286 |
| Fort Myers | $1,902 |
| Fort Lauderdale | $2,572 |
| Boca Raton | $4,410 |
| St. Petersburg | $1,325 |
| Tallahassee | $1,286 |
| Melbourne | $1,798 |
| Cape Coral | $1,687 |
| Lake City | $2,924 |
| Miami Lakes | $5,950 |
| Naples | $2,530 |
| Ocala | $1,960 |
| Pensacola | $2,115 |
| Tampa | $2,270 |
| Port St. Lucie | $2,024 |
Bundle Home With Auto Insurance
Bundling your homeowner’s insurance with your auto insurance is a popular way to lower premiums. Many insurance providers offer discounts when you combine multiple policies, as they see it as an opportunity to retain you as a customer across different types of coverage. The savings from bundling can vary, but it’s common to see discounts ranging from 5% to 15% on your home insurance premium.
This method can be especially useful for homeowners who already have an auto insurance policy. By consolidating both policies with the same insurer, you simplify your insurance management and may receive better overall customer service. In addition to lower premiums, bundling may also provide more flexible payment options and potentially higher coverage limits.
Before deciding to bundle, it’s important to compare the total cost of bundling with the cost of purchasing separate policies. While bundling may offer discounts, it’s still worth ensuring that each individual policy provides the coverage you need at a reasonable rate.
How To Get Homeowners Insurance In Florida
With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.
Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.
