Homeowners Insurance in Sunrise, Florida

Average Homeowners Insurance Cost in Sunrise, Florida

The average home insurance cost in Sunrise, Florida, is about $5,481, which is about 102% higher than the state average of $2,857 annually. 

While Sunrise is much more inland than many other Broward County cities, like Hollywood and Fort Lauderdale, all cities in South Florida are subject to high insurance premiums because of the area’s susceptibility to significant hurricane damage and lofty property values. Premiums in the South Florida Tri-County area (Broward, Palm Beach, and Miami-Dade) are often the highest in the state due to the area’s climate and geography. 

Unfortunately, Florida has some of the highest average rates in the country. However, here at Clovered, we’re committed to matching our customers with policies that meet their needs and their budgets. 

So, we collected some real customer data so you can see the average rates our customers pay based on the insurer they’ve chosen to protect their properties. Take a look at what we found.

Home insurance is highly subjective and depends on many factors about you, your home, your insurer, and your policy. For example, premiums rise as home value increases because higher-value homes typically have higher replacement costs, which can lead to higher premiums.

Additionally, older homes may not meet current building codes and regulations, which are critical for hurricane and tropical storm safety in Florida.

Another factor involving hurricane preparedness that can influence your premiums is wind mitigation. Insurance companies discount the Sunrise homeowners insurance premiums on houses that are more likely to withstand hurricanes, as they won’t suffer as much damage. 

Getting the Cheapest Homeowners Insurance in Sunrise, Florida

Edison and Slide had the best Sunrise home insurance rates, on average, with other companies like Citizens and People’s Trust coming in far below the city’s average rate, too. However, you won’t know which company is the most affordable for you until you get quotes, as rates vary based on many variables. Let’s take a look at some features of these insurers that set them apart from the others listed. 

People’s Trust

When binding with People’s Trust, our customers in Sunrise pay about 25% below the city’s average. While these savings are quite significant, it’s important to keep in mind that these rates are still nearly 50% above the average cost of home insurance in Florida. Luckily, eligible policyholders with People’s Trust may be able to use their discounts for veterans, senior citizens, wind mitigation, or living in a secured community to further reduce their rates. 

Edison

Our Sunrise customers pay, on average, about $4,222 with Edison, or about 23% below the city’s average rate. These are significant savings, considering the average home insurance cost in this Florida city is more than double the state average. Policyholders with Edison may also be eligible for additional discounts for being senior citizens, claims-free for a number of years, or for having a burglar and fire alarm in their homes. 

Slide

When our customers bind with Slide, they save an average of about 17% on their home insurance policies, paying about $4,532 annually compared to the city’s average rate of $5,481. These customers may qualify for further savings if they’re eligible for any of Slide’s numerous discounts. This insurer offers discounts for bundling, opting for paperless communication, installing a home security system, or installing wind mitigation features. 

How to Find the Best Home Insurance Companies in Sunrise, Florida

Getting the best home insurance in Sunrise, Florida, first requires understanding your coverage needs. You need a policy that sufficiently covers your property and liability without breaking the bank. While some may value coverage no matter the cost, others may be more concerned about their budgets than their coverage. Once you know what best suits your needs, you’ll need to select an insurer to meet your needs. 

The insurance marketplace is vast, with plenty of insurers offering policies that boast similar coverages and costs. This makes it tough to choose the one that’s right for you. That’s why we’ve compiled some information about the insurers our customers in Sunrise, Florida, trust with their home insurance policies, so you can gain a better understanding of what these insurers bring to market.

Average premiums are determined from our policyholder data. Financial strength is determined by each company’s ratings from Demotech, a leading insurance industry credit rating agency.

To gauge consumer satisfaction, we used the National Association of Insurance Commissioners’ complaint index, which compares a firm’s consumer complaint performance with other companies in the market. The default index number is 1.0, meaning a company with a complaint index of 2.0 has a complaint value twice as high as expected. So, for their scale, lower is better.

Sunrise Homeowners Insurance Coverages

Home insurance in Sunrise typically consists of several coverage areas designed to protect homeowners from a variety of damage sources, officially termed perils. Here are the key coverage areas commonly included in a standard home insurance plan:

How to Get Home Insurance Quotes in Sunrise, Florida

You can typically get Sunrise home insurance quotes online or over the phone. You can also turn to an independent insurance agency, like Clovered, for personalized help and expertise during the process.

At Clovered, we can give you as much or as little guidance as you want. Compare rates and policies on your own time with our online quoting tool. Or chat with one of our licensed agents to get your quote by calling 833-255-4117 during business hours.

We’re an independent agency based in Fort Lauderdale, so you’ll be speaking with a fellow Floridian for help with your home insurance. You can also email us at agent@clovered.com with any questions.