Metros Where Property Insurance Represents the Greatest Share of Your Housing Dollar

(9/16/25)  In which metro do insurance costs consume the largest chunk of your monthly housing cost?

Not surprisingly, it’s Miami, where property insurance accounts for 13.1% of monthly homeownership costs, the highest in the nation, according to a recent study by ValuePenguin. According to the study, monthly property-insurance costs in Miami average $300.40.

Rounding out the top five metros are Oklahoma City ($217.15/13%), Tampa ($216.86/11.6%), Orlando ($204.30/10.7%) and Houston ($208.66/10%).

“The rising cost of home insurance is putting a strain on many families’ household budgets,” said ValuePenguin home insurance expert Rob Bhatt. “However, underinsuring a home or not insuring it at all is extremely risky. Without insurance, affected homeowners may need to take out a loan to rebuild after a disaster or even risk losing their homes. Either option can reduce or eliminate a family’s equity in their home and potentially devastate their finances.”

In the Miami metropolitan area, 20.8% of homes are uninsured, ValuePenguin reported, which is pretty scary.

The report also provides tips to help keep homeowners-insurance premiums manageable, including:

·      Raise your deductible. The higher your deductible (i.e., the more you will pay out-of-pocket if there is a disaster), the lower your premium.

·      Choose home improvements carefully. Opt for impact-resistant roofs and windows and fire-resistant building materials, which might qualify you for a premium discount.

·      Bundle. You’ve seen the commercials on TV from nearly every insurance company. Bundling, or buying multiples types of insurance from the same carrier, such as auto and homeowners, will qualify you for a discount.

·      Shop around. Insurance premiums vary widely. Get quotes from multiple companies, and compare them. Don’t forget to check out the claims history of each company you’re considering as well – they also vary greatly.