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• Insurance rates are influenced by a number of factors including:

• Year Built: 40,751 Homes (26% of total homes) built between 1970 to 1979 in Fort Lauderdale are paying home insurance between $1,938-$1,956. Places close to Fort Lauderdale, FL such as Wilton Manors, Sea Ranch Lakes, and Lauderdale-by-the-Sea are more expensive by $44, $529, and even $219 respectively. While Oakland Park and Franklin Park are cheaper by $46 and $117 respectively for similar homes.

• Bedrooms: 30,925 1 bedroom homes (20% of total homes) in Fort Lauderdale are paying about $658. Areas near to Fort Lauderdale such as Wilton Manors, Lazy Lake, Sea Ranch Lakes are costlier by $27, $177, $179 respectively whereas Oakland Park and Roosevelt Gardens are more economical by $4, $12 respectively for similar homes.

• Auto Insurance Bundling: 25,260 Households (37% of all households) in Fort Lauderdale have 2 vehicles available and when it is bundled with home insurance you can save $239. Discounts for similar bundling in close by locations such as Wilton Manors, Lazy Lake, Oakland Park come to $244, $303, $233 respectively.

• Senior Discounts: 38,076 seniors (more than 55 years of age) occupied housing units (55% of total) in Fort Lauderdale get discounts between $178 to $181. The comparative concessions in proximate regions such as Wilton Manors, Lazy Lake and Oakland Park are $183, $227 and $175 respectively.

• New Homes discounts:
New homes such as the 51,743 homes built between 2000 to 2009 in Fort Lauderdale can save $239 and differs from Wilton Manors ($244), Lazy Lake ($303), Oakland Park ($233).

• Fort Lauderdale Homeowners Insurance Facts

• Fort Lauderdale, FL has 68,252 owner occupied houses which is 57.2% of all units whereas Wilton Manors, Lazy Lake and Oakland Park have 50.28%, 60.0% and 59.45% respectively.

• Fort Lauderdale, FL homeowner’s yearly insurance price at $1,195 is 0.58% of the typical house value of $207,600 which is in contrast with 0.48% in Wilton Manors, 0.2% at Lazy Lake & 0.73% in Oakland Park.

Homeowners in Fort Lauderdale, FL pay 1.59% of their income ($75,000 or more) in insurance whereas homeowners in Wilton Manors, Lazy Lake and Oakland Park pay 1.63%, 2.02% and 1.56% respectively.

• Fort Lauderdale, FL’s insurance is 5.5% of monthly housing costs of $1,819/month, for owners with a mortgage compared to 4.97% in Wilton Manors, 3.16% at Lazy Lake & 6.39% in Oakland Park. But, for households without a mortgage, insurance is 15.9% of costs ($626 in Fort Lauderdale, FL) in contrast with 20.66% in Wilton Manors, 12.64% at Lazy Lake & 21.23% in Oakland Park.