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Homeowners Insurance in 32908
For homeowners living in 32908, you want more affordable home insurance rates in Palm Bay, right? Our rates are very competitive for homeowners living in the great city of Palm Bay, FL. Many homeowners living in the 32908 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the top home insurance companies that we will shop for you all in one place. Plus, our homeowners insurance quotes are free and our Florida licensed agents can provide a free consultation service to you that allows you to ask questions about which policy and coverage option is best for you and your family. Get the home insurance protection you need and start a free home insurance quote today, simply click the "Get Multiple Quotes Now" button. Your 32908 should appear in the zip code field ready to go. Comparing Palm Bay, FL Home Insurance Quotes in your area, we can review the best rates and coverage options with multiple carriers to choose from.
32908 Home Insurance Costs Are Considered: Very High!
The overall cost of homeowners insurance on average for a standard HO-3 home insurance policy for homeowners living in Palm Bay pay around $1639 per year. For affordable homeowners insurance, we have the best prices when it comes to comparing Florida home insurance rates. At GetHomeInsuranceQuotes.com, we compare the most competitive companies then we let you review the most affordable rates and coverage options. Homeowners living in the 32908 zip code usually have questions about which coverage option is best. Our process is spam and hassle free so you can get your questions answer quickly and review the best home insurance policy for you. Most of all, Palm Bay homeowners enjoy saving up to 40% or even more when we apply all the discounts available. Let us help you shop and save on your Florida home insurance premium today!
32908 Home Insurance Average Premiums
$1389 /yr.
Shows Zip Code: 32908 lowest rates with discounts applied on average.
For the 32908, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $1389 /yr. |
| Average Coverage: | $1639 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1939 /yr. |
What is the average home insurance cost for a home in 32908?
- • The average homeowners insurance premium paid annually for a home in 32908 is around $1639 per year.
What does it cost on average per month for home insurance in 32908?
- • Homeowners in 32908 pay a monthly average cost per month around $137.00.
What kind of discount could I get if I combine my home and auto insurance together in 32908?
- • Autoowners in 32908 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.
For shopping home insurance rates within the Palm Bay area, check out other zip codes nearby 32908.
Review average rates in another zip code:
32909 homeowners insurance rates
32908 homeowners insurance rates
32907 homeowners insurance rates
32905 homeowners insurance rates
Home Replacement Cost Coverage in 32908
Average Building Cost Per Square Foot in 32908: $167
Location: Palm Bay, Florida (Brevard County)Average Square Footage in 32908: 1,093 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 32908 before you start any project. Palm Bay homeowners pay on average around $167 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 32908 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Here is how you determine your replacement cost. If we take an average home in 32908 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,093 sq. ft. and the average cost to rebuild the home in this area is around $167 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Palm Bay area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.
| Home Improvement Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
|---|---|---|---|
| Basic Home Features | $167 | 1,093 | $182,500 |
| Additional Upgrades & Added Features | $209 | 1,093 | $228,125 |
| Major Home Updates or Advancements | $251 | 1,093 | $273,750 |
It's important to understand that when you estimate your replacement cost of your home in the 32908 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.
Best Homeowners Insurance Agencies in 32908
Best Home & Auto Insurance Agencies in 32908
Housing Demographics for 32908
Population Review for 32908 Zip Code
For the city of Palm Bay, the population within 32908 has increased to over 19,365 residents in population size. The current population total is 14,420. We have broken down the population based on race below. In 32908, there are over 6956 in male population and 7464 females.
| Population | Values |
|---|---|
| Total Population | 14,420 |
| White Population | 8018 |
| Black Population | 3075 |
| Hispanic Population | 2728 |
| Asian Population | 251 |
| Hawaiian Population | 11 |
| Indian Population | 49 |
| Other Population | 917 |
| Male Population | 6956 |
| Female Population | 7464 |
| Population Estimate | 19365 |
Household Data for 32908
The average number of homes in 32908 is around 4,811, there are an average of 3.00 per household. The average house value according to local real estate values is around $182,500. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 4,811 |
| Persons Per Household | 3.00 |
| Average House Value | $182,500 |
| Income Per Household | $56373 |
| Median Age | 36.9 |
| Median Age Male | 35.7 |
| Median Age Female | 38.1 |
| 32908 Details | Values |
|---|---|
| State | FL |
| State Full Name | Florida |
| City Type | B |
| City Alias Abbreviation | |
| Area Code | 321/689 |
| City | Palm Bay |
| City Alias Name | PALM BAY |
| County | Brevard |
| County FIPS | 009 |
| State FIPS | 12 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | 4900 |
| PMSA | |
| CSA | |
| CBSA | 37340 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Palm Bay-Melbourne-Titusville, FL |
| MSA_Name | Melbourne-Titusville-Palm Bay, FL MSA |
| PMSA_Name | |
| Region | South |
| Division | South Atlantic |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 95 |
| Number Of Employees | 266 |
| Business First Quarter Payroll | 2151 |
| Business Annual Payroll | 9600 |
| Business Employment Flag | |
| Growth Rank | 0 |
| Growth Housing Units 2003 | |
| Growth Housing Units 2004 | |
| Growth Increase Number | 0 |
| Growth Increase Percentage | 0.0 |
| Metropolitan Details | Values |
|---|---|
| CBSA Population | 543376 |
| CBSA Division Population | 0 |
| Congressional District | 08 |
| Congressional LandArea | 1752.06 |
| Delivery Residential | 6455 |
| Delivery Business | 18 |
| Delivery Total | 7078 |
| Preferred Last Line Key | Y22635 |
| Classification Code | |
| Multi-County | |
| CSA Name | |
| CBSA_DIV_Name | |
| City State Key | Y22635 |
| Land Area | 19.206000 |
| Water Area | 0.000000 |
| City Alias Code | |
| City Mixed Case | Palm Bay |
| City Alias Mixed Case | Palm Bay |
| Box Count | 0 |
| SFDU | 5709 |
| MFDU | 149 |
| State ANSI | 12 |
| County ANSI | 009 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | B |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 115790 |
| Unique ZIP Name | |
| SSA State County Code | 10040 |
| Medicare CBSA Code | 37340 |
| Medicare CBSA Name | Palm Bay-Melbourne-Titusville, FL |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 5 |
| County Mixed Case | Brevard |
Florida Homeowners Insurance News & Information
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$4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024
According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]
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I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024
According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]
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Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024
As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]
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Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024
Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]
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Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024
A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase. Currently, a Broward commissioner is asking Congress to pass legislation he claims […]
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Florida Lawmakers May Allow Takeout Offers to Citizens’ Policyholders Posted on Wednesday 13th March, 2024
Lawmakers in Florida are moving closer to allowing specific insurer types to make offers to policyholders currently with Citizen’s Property to insure their vacation or second home. SB 1716 this week cleared the Senate’s Fiscal Policy Committee for the takeout offers after the Senate’s Banking and Insurance Committee approved the measure earlier this month. This […]
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Florida has 7 New Home Insurance Companies Entering the Market Posted on Friday 1st March, 2024
Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute. The Insurance Information Institute is hopeful that the new insurance […]