Best Homeowners Insurance Companies In Miami Lakes, FL

Nationwide is our top choice for several reasons. They have a strong financial stability rating of A+ (Superior) from AM Best. Customers are highly satisfied with their service, as seen through positive ratings on various online platforms. Nationwide also has a large network of agents in South Florida, ensuring personalized assistance. Their rates are competitive, making them a reliable option overall.

What makes Nationwide stand out is their comprehensive standard home insurance policy, which includes unique coverages not commonly found with other insurers. They offer reimbursement for credit card fraud and coverage for meeting stricter building codes during a rebuild.

Moreover, Nationwide provides customizable add-ons to tailor your policy to your specific needs. For example, their Better Roof Replacement option covers the cost of upgraded roofing materials if qualified damage occurs. Another valuable add-on is Brand New Belongings, which offers replacement cost coverage for your personal belongings. If you experience damage or loss, you can repurchase items and submit the receipts to Nationwide for reimbursement of the price difference.

Convenience is a priority for Nationwide, offering multiple ways to purchase home insurance. You can connect with a local agent, make a phone purchase, or complete the process online. Their user-friendly website and mobile app make it easy to file and track claims, make payments, and make necessary policy changes.

Nationwide’s average cost for home insurance in Miami Lakes: $209/month

USAA is a strong contender for the title of Best Overall, securing a close second place. It’s important to note that USAA is exclusively available to military members and their families, which limits its accessibility. However, despite this limitation, USAA is highly reputable across the board.

Founded in 1922 by 25 Army officers who wanted to self-insure their cars, USAA has expanded over the years to offer a wide range of insurance and financial products. It caters to members of the U.S. armed forces, Reserve, veterans, and their families. With its headquarters in San Antonio, USAA has satellite offices in various locations, including London, Frankfurt, and Luxembourg.

USAA’s standard home insurance policy provides valuable features, such as replacement cost coverage for personal belongings and specific coverage for uniforms of active-duty and deployed service members. Optional insurance options may include coverage for earthquakes and home-sharing arrangements.

For eligible members, USAA offers convenient online purchasing using an active membership ID. Alternatively, you can seek assistance over the phone or visit a local branch. USAA also provides an automated agent chatbot on its website for quick access to online accounts, allowing for bill payments, policy changes, and claims management. It’s worth noting that USAA has an impressive A++ rating from AM Best, indicating the highest level of financial strength available for insurance companies.

Average premium for USAA home insurance in Miami Lakes: $140/month

State Farm is our second runner-up, thanks to its strong presence of agents in Miami Lakes and South Florida. This is crucial as it ensures the availability of State Farm agents and claims adjusters in the aftermath of severe storms or hurricanes, with claims offices located right in Miami Lakes.

State Farm offers a reliable standard homeowners policy that can be customized with additional coverages to meet your specific needs. These include protection for ordinance and law requirements, identity theft, and insurance for valuable items like jewelry.

In terms of financial stability, State Farm holds the highest AM Best rating of A++. This indicates their strong financial strength and reliability.

State Farm provides an optional replacement cost coverage for your home, other structures, and personal belongings. With this coverage, damaged items are replaced at their current market value without considering depreciation. Without this endorsement, replacement value is based on the actual cash value of the items.

To obtain a quote from State Farm, you can start the process online. However, to purchase a policy, you’ll need to work with a local agent. State Farm also offers convenient online tools and resources, allowing policyholders to file claims, manage their accounts, enroll in paperless billing, and access a comprehensive resource library for insurance-related information.

Average premium for State Farm home insurance in Miami Lakes: $144/month

Tower Hill stands out as a budget-friendly choice for home insurance in Florida. It’s worth noting that the company lacks a JD Power score for customer satisfaction and holds a B++ rating from AM Best. These factors are due to Tower Hill Insurance primarily focusing on Florida and offering coverage in only 16 additional states.

Tower Hill’s home insurance allows homeowners to customize their coverage to suit their needs. In addition to standard coverage for dwelling and personal property, their Typical and Prime Plus policies offer additional options called endorsements. These endorsements include extended replacement cost, water backup coverage, and personal injury coverage.

What makes Tower Hill unique are its add-on coverage options that may be hard to find with other insurers. These include coverage for landscaping, food spoilage, trampoline liability, lock replacement, and more. Their highest-tier Spire package includes various optional coverages directly within the policy.

Overall, Tower Hill provides affordable rates for Florida homeowners. However, it’s important to consider their customer satisfaction score and financial strength rating alongside their coverage options.

Average Premium for Tower Hill home insurance in Miami Lakes: $121/month

Chubb is a top choice for homeowners who want to protect their valuable assets, thanks to its wide range of additional offerings. However, it’s important to note that budget-conscious homeowners in Miami Lakes may find their rates slightly higher than average.

Chubb excels in insuring high-value homes by providing various policy add-ons, particularly extended replacement cost coverage. This ensures that your home can be rebuilt without financial burden in the event of a covered incident.

A notable advantage of Chubb is its risk consulting program, where a consultant visits your home to proactively assess fire or security risks, preventing accidents before they happen.

The Chubb Masterpiece insurance policy is designed specifically for affluent clients and includes coverage for the restoration of electronic data damaged by computer viruses and property management services.

When it comes to claims, Chubb claims agents have the authority to provide immediate payment. However, they cannot deny a claim without manager approval, aiming to make the claims process as smooth and hassle-free as possible for policyholders.

Average premium for Chubb home insurance in Miami Lakes: $317/month

Progressive stands out for its excellent customer satisfaction, ranking second according to JD Power (just behind USAA). It’s important to note that USAA’s home insurance is exclusively available to military members and their families, preventing it from claiming the top spot for customer satisfaction.

Progressive’s home insurance policies cover all the essential types of protection typically found in homeowners insurance:

• Dwelling coverage: Covers repairs or replacement for your home if it’s damaged by events like fires or tornadoes.

• Other structures coverage: Provides repairs or replacement for structures not directly attached to your home, such as fences or sheds.

• Personal property coverage: Takes care of repairs or replacement for your belongings, including clothes, electronics, and furniture.

• Liability insurance: Protects you against damage to other people’s property and injuries they may sustain on your property. It also covers legal defense in case of a lawsuit.

• Additional living expenses coverage: Offers funds for hotel stays, meals, and pet boarding if you can’t live in your home due to a covered event like a tornado.

It’s worth mentioning that Progressive has specific guidelines regarding coverage for certain dog breeds, as mentioned in their filings with the Florida Department of Insurance. Breeds such as Akitas, American bulldogs, chow chows, Dobermans, Mastiffs, pit bulls, Rottweilers, Staffordshire terriers, wolf hybrids, and any mixed or varied breeds of these, along with dogs with a history of biting, may not be eligible for coverage.

Average premium for Progressive home insurance in Miami Lakes: $219/month

Citizens Property Insurance Corporation is a crucial player in Florida’s property insurance market. It exists to help those who can’t get coverage from private insurers.

As one of Florida’s top insurers, Citizens aims to provide excellent service that meets the same standards as private companies.

The Florida Legislature created Citizens in 2002 as a non-profit government organization. Its goal is to offer property insurance to eligible property owners in Florida who can’t find coverage from private insurers.

Citizens is funded by the premiums paid by policyholders. However, if Citizens faces significant losses from severe storms or multiple disasters, it may impose fees on most policyholders in Florida to cover the costs.

Average premium for Citizen’s home insurance in Miami Lakes: $180/month

Allstate goes the extra mile by offering a total of 11 homeowners insurance discounts, surpassing the industry average of seven. Here are some noteworthy discounts:

• Claims forgiveness: Keeps your rate from going up after filing a claim.

• Claims-free: Earn a 5% discount each year if you stay claims-free.

• Deductible reward: Enjoy a $100 reduction in deductible when you sign up.

• Bundle: Save up to 25% by combining your home and car insurance.

• Automatic payment: Get up to 5% off with automatic payments.

• Loyalty: Receive up to 10% discount for renewing with Allstate.

• New Homebuyer: Discount available for recent homebuyers.

• New home: Discount for insuring a newly constructed home.

• Responsible payment: Additional discount for maintaining a good payment history.

• Early payment: Earn up to 10% off by purchasing a new policy at least seven days before your old one expires.

• Protective device: Discount for installing theft and fire protection systems.

Allstate’s homeowners insurance covers essential areas like your dwelling, personal property, liability protection, guest medical protection, and more. Additionally, they offer a range of optional coverages to tailor your policy to your needs.

With Allstate, you can choose from nine optional coverage types. Alongside common options like ID theft and scheduled personal property coverage, they provide unique coverage for homeowners with yards and gardens. This allows for increased coverage limits for landscaping costs and riding lawn mowers.