West Palm Beach homeowners pay an average of $14,388 annually for $300,000 in dwelling coverage with a $1,000 deductible. This is significantly higher than the $10,675 average Florida homeowners insurance rate for the same coverage.

Located on Florida’s Atlantic coast, West Palm Beach is a vibrant city with beautiful beaches and a thriving arts scene. But because of Florida’s high risk for flooding, hurricanes, and extreme heat, home insurance prices tend to be much higher. 

But you can still lock in affordable insurance coverage in West Palm Beach if you shop around and compare quotes from several companies. Here’s what you need to know about homeowners insurance in Orchid City.

Best home insurance companies in West Palm Beach

Many insurance companies serve homeowners in West Palm Beach. The best insurance company for you depends on your unique needs and situation. You can start comparing your insurance options with the following three companies.

Cheapest rates: State Farm

Best insurer for veterans: Armed Forces Insurance

Best insurer for homeowners in gated communities: Nationwide

Cheapest home insurance in West Palm Beach

State Farm should be on your radar if you’re in the market for the most affordable home insurance coverage in West Palm Beach. On average, West Palm Beach residents who choose State Farm pay $4,970 annually for $300,000 in dwelling coverage with a $1,000 deductible. Below, you’ll find the cheapest homeowners insurance companies in West Palm Beach for the same coverage levels.

How much is home insurance in West Palm Beach?

The average annual cost of homeowners insurance in West Palm Beach is $14,388, for $300,000 in dwelling coverage with a $1,000 deductible. Having a $500 deductible increases the annual cost slightly to $14,477.

Many factors — such as your home’s size and location, its age and construction, the value of your personal belongings, and your desired coverage level — affect your policy’s price.2

Cost of home insurance by dwelling coverage in Florida

To ensure you protect your West Palm Beach home from weather-related losses and other perils, you’ll need dwelling coverage sufficient to rebuild it. Consider your home’s age and square footage as well as its interior features. Keep in mind that higher dwelling coverage amounts increase your home insurance premiums.

The table below shows the average costs by dwelling coverage limit in Florida. The average annual premiums reflect costs for a policy with a $1,000 deductible.

Cost of homeowners insurance by deductible amount

Your home insurance deductible is the amount you pay out of pocket after you file a valid home insurance claim.3 Once you pay your deductible, your home insurance policy pays up to your policy’s limits. A higher deductible lowers your premium, but you’ll have higher out-of-pocket costs. Common homeowners insurance deductibles in West Palm Beach are $500 and $1,000.

The following table compares the average homeowners insurance price in West Palm Beach for $300,000 in dwelling coverage with different deductibles.

Average cost of home insurance in other cities in Florida

Your location, including your ZIP code, influences how much you pay for home insurance. This is due to variances in weather, crime rates, and proximity to fire stations. For example, you can expect higher rates if you live somewhere with a high hurricane risk.

The table below shows how rates in West Palm Beach compare to other cities in Florida for $300,000 in dwelling coverage and a $1,000 deductible.

What to know about owning a home in West Palm Beach

As a West Palm Beach homeowner, it’s wise to become familiar with the risks and natural disasters that might affect your property, including: