4 Best Homeowners Insurance Companies in Boca Raton (2023)

The following companies are our picks for the best homeowners insurance in Boca Raton:

According to 2023 homeowners insurance data from Quadrant Information Services, the average annual cost of homeowners insurance in Boca Raton is $3,377. Comparatively, Florida homeowners insurance averages $2,528 per year, higher than the national average of $2,417.

The average annual cost of home insurance in Boca Raton is $3,377, higher than the national average of $2,417 yearly. Local risk exposures play a significant role in homeowners insurance prices in the city. Though some conditions, such as crime rates, are lower in the area, the risk of severe weather is enough to push rates higher than the norm.

The crime rate in Boca Raton is below the national average, but it is not non-existent. The Federal Bureau of Investigation’s most recent available data shows the city had 63 incidents of robbery, 244 burglaries and 2,183 property crimes in a city of 101,163 residents in 2019. The relatively low crime incidence may help keep your costs down.

The most significant risk exposure is the high rate of natural disasters — specifically hurricanes. Between 2004 and 2022, 11 hurricanes made landfall in Florida. Hurricane Ian in 2022 was the costliest storm in Florida’s history, causing an estimated $109.5 billion in property damage. Other significant storm events can also contribute to the high-risk factor that raises homeowners insurance in Boca Raton.

Though the average cost of home insurance in Boca Raton is higher than the national average, your specific premium may vary. Your policy’s terms, including the coverage limits and deductibles, are fundamental factors that impact your rates. If you choose add-ons, you can expect higher than average rates, while discounts will lower your premiums.

In addition to policy selections, other factors affect how much you pay for coverage. Though insurance agencies establish individual formulas for calculating rates, common factors typically include:

• Your location
• Your credit score
• Your claims history
• Your home age, size and value

We suggest requesting direct quotes from insurers of interest to determine exactly how much your insurance will cost.

According to Allstate, water and wind damage are the two most common causes of insurance claims in Boca Raton, which stands to reason, given the state’s weather patterns throughout the year. The other most common claim is for physical property damage.

Maintaining your roof, gutters and windows can help to safeguard your home from the damaging winds and floods associated with tropical storms and hurricanes. We also suggest referring to Federal Emergency Management Agency (FEMA) guidelines for hurricane season preparation. When shopping for home insurance, check that you have sufficient coverage to pay for potential storm damages.

Recommended Home Insurance Coverage in Boca Raton

When you purchase a standard homeowners insurance policy, it will cover certain damages to your dwelling and personal property. Many home policies include structures not attached to your home, such as a shed or detached garage. A basic policy may also include additional living expenses if you are displaced from your home after a covered event. Standard policies provide personal liability protection and medical payments if someone sustains injuries on your property.

Boca Raton homeowners face risk from exposure to high winds, heavy rainfall and coastal flooding. In addition to an HO-3 home insurance policy, we recommend additional coverage for wind damage and flood insurance. If you have items of significant value, you can consider add-ons such as blanket jewelry and scheduled personal property.

Purchasing homeowners insurance in Boca Raton can be challenging. The state’s history of and high risk for severe weather can lead to higher than usual premiums compared to the national average. Our picks for the best homeowners insurance in Boca Raton offer numerous options for standard coverage with discounts and add-on options to protect your home and belongings.

Liberty Mutual provides multiple discounts to lower your premium, while Progressive offers ways to save with bundled insurance coverage. Allstate provides the most flexibility with varied add-on options. Though State Farm’s rates are generally lower than some other providers, you won’t have as many discounts or additional coverage options. We suggest you request a quote from all four insurance companies to find out which one is the best match for you.

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