How much is home insurance per year in South Florida ?

Were purchasing a home around 300,000 how much is insurance yearly ? Anyone pay around this much ?

It doesn't work that way. It's ALSO based on the age of the house, YOUR CREDIT SCORE, the claims history of both you and the house, etc.

And the bad news is, there isn't any competition for homeowners insurance in FL - you're GOING to end up with the state fund, Citizens. The HOMEOWNERS part of it will cost you about $3,000 a year. The FLOOD insurance part will likely cost you about $1500 - but the MOST flood coverage you can get is $250,000, so you'll be needing to put at least $50,000 down on the house or you won't be able to get the mortgage. Then the WIND coverage is probably going to run you about $5,000.

Total insurance cost . . . budget $10,000, and you should be slightly under.

Its going to be more than you expect Mine is $1800 a year

for a 2 bedroom condo, 10 blocks in from the beach in

Broward county. Get quotes before you commit & keep

in mind that many of the major insurers like Allstate & State

Farm no longer write homeowner policies in the state.

Citizens is an insurer of last resort only, which means, they

will only accept you if NO other company will take you.

Footnote: As expensive as insurance is, l was very glad

l had it when Huricaine Wilma tore the roof off my building.

It depends entirely on where in South Florida you live (i.e. close to the water is more), whether you have a gable vs. other sort of roof, what year your house was built in (which tells us which code was applied to your house when it was constructed. THose built after 1992 have tougher building standards post hurricane Andrew) and the size of your house and whether it has one story or two and if you have hurricane shutters. Your insurance could be a couple thousand dollars to $6,000 - $8,000 depending on your answer to these many questions.