Florida Keys zip code has highest home insurance rate in U.S.

Residents of Florida zip code 33070, the location of the Islamorada Village of Islands, pay the highest home insurance premiums in the nation, according to a recent analysis by Insurance.com.

The website, which educates consumers about insurance issues, used a calculator that examined home insurance rates nationwide based on coverage for a $300,000 dwelling with a $1,000 deductible and $300,000 in liability coverage. The average annual premium for that amount of coverage in zip code 33070 was $6,295, which was more than twice the national average of $2,305, Insurance.com reported.

The average home insurance rate based on those criteria varies around the state, with a low of $1,958 in zip code 34956 in Indiantown. Zip code 32307 in Tallahassee was slightly more expensive at $2,186, and those living in The Villages with a 32162 zip code were paying an average of $2,920. The average yearly cost in Pensacola zip code 32502 was $4,746, while homeowners in an Orlando zip code paid $3,377 and some Miami residents paid $5,187.

The website identified several key factors influencing how much homeowners pay for their insurance premiums, including a home’s location and its exposure to extreme weather, wildfires or criminal activities; a home’s value; the cost to rebuild the home; its proximity to a fire station; and the home’s age.

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Florida Home Insurance Costs by Zip Code