Updated: December 16, 2024
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In Fort Lauderdale, Florida, State Farm is the overall best and cheapest choice for home insurance. Chubb is preferred for the best customer service.
These companies cater to different needs. Choosing the best cheap home insurance depends on factors like budget, coverage needs and service preferences.
Best HomeInsuranceFort LauderdaleTable of Contents
Why Trust MoneyGeek?
We used data and rates from the Florida Department of Insurance and Quadrant Information Services to select the top homeowners insurance options in Fort Lauderdale.
Home insurance premiums in Fort Lauderdale represent the latest available quotes as of September 2024.
MoneyGeek found that State Farm is the best option in Fort Lauderdale, Florida, for home insurance with $100K dwelling coverage. It has a MoneyGeek score of 93 out of 100.
The scores for home insurance companies in Fort Lauderdale, Florida, range from 38 to 93. These scores are based on MoneyGeek's scoring system and consider factors like your credit history and the age of your home.
| State Farm | 93 | $1,125 |
| Nationwide | 89 | $2,407 |
| Allstate | 79 | $3,357 |
| Florida Peninsula Insurance | 72 | $5,915 |
| Chubb | 70 | $10,350 |
| ASI | 63 | $5,444 |
| Heritage Insurance | 55 | $7,644 |
| Universal Property | 38 | $12,902 |
MoneyGeek found that State Farm is the best option in Fort Lauderdale, Florida, for $100K dwelling coverage. The two best home insurance companies in Fort Lauderdale for $100K dwelling coverage are:
State Farm is the best home insurance provider due to its competitive pricing and high customer satisfaction scores, which significantly contribute to its MoneyGeek score.
In Fort Lauderdale, various companies offer different cost and service experiences. While cost is a critical factor, considering service quality, claim handling and customer support is essential when selecting home insurance.
State Farm is the best overall company, with high scores in affordability and customer satisfaction. It offers comprehensive home insurance coverage, including building ordinance or law and back-up of sewer or drain. You can save with discounts like bundle and protective device. Installing fire or burglar alarms can qualify you for a discount.
State Farm provides useful coverages like scheduled personal property, which protects valuable items like cameras and sports equipment. Building ordinance or law coverage helps if you need to upgrade your home to meet new codes. Back-up of sewer or drain coverage protects against water damage from backed-up sewers.
MoneyGeek found that Chubb has the best customer service in home insurance in Fort Lauderdale, Florida, for $100K dwelling coverage. The two top providers for this coverage level are:
Chubb ranks highest due to its excellent customer satisfaction and comprehensive coverage options. It focuses on what matters most to policyholders, ensuring you have the right protection. Choosing Chubb means placing your trust in a company committed to quality service.
Excellent service in home insurance means responding quickly to your needs and providing clear communication and reliable support.
Chubb stands out for its high MoneyGeek score, thanks to its strong coverage offerings. It provides comprehensive home insurance with guaranteed replacement cost and building ordinance or law coverages. Chubb also offers discounts like new home, which applies if your home is seven or 10 years old or less, and home renovation. These discounts help you save money on your policy.
Chubb's guaranteed replacement cost ensures your home is rebuilt to its original state after a loss. Building ordinance or law helps cover costs to meet current building codes. Cash settlement offers flexibility if you choose not to rebuild. These features make Chubb a great option for protecting your home.
MoneyGeek found that State Farm is the best option in Fort Lauderdale, Florida, for cheap home insurance with $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
When considering the average cost of homeowners insurance in Florida, State Farm stands out due to its strong affordability. It earns a top score for balancing cost and customer satisfaction. However, choosing cheap home insurance usually means less coverage, which could be risky if an accident happens. In cases where budget is important, considering the cheapest homeowner insurance companies might help.
The best cheap insurance is about finding a good price for your needs, not just the lowest cost. State Farm successfully balances value and service quality.
State Farm is the best cheap company, with a high MoneyGeek score due to its affordability. It offers building ordinance or law and mold coverages, providing comprehensive home insurance. You can save with discounts like roof replacement cost, which helps if your roof is damaged. State Farm also offers a wind mitigation discount for homes meeting certain standards.
State Farm's building ordinance or law coverage helps if you need to upgrade your home to meet new codes. Mold coverage is useful if your home has mold damage. Cyber event/ID theft coverage protects against identity theft.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 20, 2024
Many factors affect homeowners insurance in Fort Lauderdale, with location being one of them. Comparing rates is the best way to save, but it can take more than an hour, as each company takes around 15 minutes. Use MoneyGeek's home insurance calculator to save time and money. Enter details like your age, dwelling coverage, credit score, deductible and liability coverage for an estimate.
State Farm is the best option in Fort Lauderdale, Florida, for affordable home insurance. The most significant factor affecting home insurance costs is the dwelling coverage you select.
State Farm is the cheapest homeowners insurance provider in Fort Lauderdale, combining cost and the highest MoneyGeek score of 96. Choosing the cheapest homeowners insurance in Florida can help you manage your finances effectively.
| State Farm | $1,125 |
| Nationwide | $2,407 |
| Allstate | $3,357 |
| ASI | $5,444 |
| Florida Peninsula Insurance | $5,915 |
| Heritage Insurance | $7,644 |
| Chubb | $10,350 |
| Universal Property | $12,902 |
State Farm is the best option for high-value home insurance in Fort Lauderdale, Florida. High dwelling coverage is essential for homes that cost more to replace and can lead to higher home insurance costs.
State Farm is the cheapest option for homes in Fort Lauderdale because of its competitive pricing. According to MoneyGeek, while it might not have the highest overall score, it offers a valuable choice for cost-conscious homeowners.
| State Farm | $4,870 |
| Nationwide | $16,304 |
| ASI | $31,643 |
| Allstate | $39,042 |
| Florida Peninsula Insurance | $48,256 |
| Heritage Insurance | $61,873 |
| Universal Property | $68,751 |
| Chubb | $76,165 |
State Farm offers the cheapest home insurance for new homes in Fort Lauderdale, Florida.
State Farm is the most affordable option for new homeowners in Fort Lauderdale, Florida, offering low premiums. It might be the best choice due to its competitive pricing and strong overall presence.
It's also important to ensure you are adequately covered.
| State Farm | $790 |
| Nationwide | $1,174 |
| Allstate | $1,249 |
| ASI | $2,109 |
| Heritage Insurance | $3,357 |
| Florida Peninsula Insurance | $3,372 |
| Universal Property | $5,039 |
| Chubb | $6,817 |
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums.
The best cheap homeowners insurance in Fort Lauderdale depends on your needs, so consider factors beyond premiums. Important factors include coverage options, customer service and deductible amounts. Follow these steps to get the best cheap home insurance:
To determine how much home insurance coverage you need, consider factors like rebuilding costs, personal property value and liability needs specific to Fort Lauderdale, Florida.
Research insurance companies in Fort Lauderdale, Florida. Look for those with strong financial stability, good customer reviews and a history of quality service.
Once you know your coverage needs, compare home insurance quotes. In Fort Lauderdale, Florida, premiums for $100K dwelling coverage range from $1,125 with State Farm to $12,902 with Universal Property.
Inquire about potential discounts for bundling policies, installing safety features or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can afford if needed.
Enhancing your home security systems and installing strong locks can decrease risk and potentially lower insurance costs.
A good credit score can impact your insurance rates in Fort Lauderdale, Florida. Pay bills on time and minimize outstanding debt.
Consider bundling your homeowners insurance with other policies, such as auto insurance, to achieve savings.
Finding the best cheap home insurance in Fort Lauderdale depends on your coverage needs and budget. Get answers to common questions about insurance rates in Fort Lauderdale to make an informed decision.
The average cost of home insurance in Fort Lauderdale, Florida, is $4,526.
State Farm is the cheapest home insurance company in Fort Lauderdale, Florida, with an annual premium of $1,125.
The best home insurance in Florida for Fort Lauderdale residents is provided by State Farm, with a MoneyGeek score of 93 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
