Home Insurance in Coral Gables, Florida
Homes in Coral Gables carry a median value of $1,089,900 - 135% higher than the Miami-Dade County median.
The typical home in Coral Gables was built around 1969. About 37% of homes were built before 1960, about 16 points above Miami-Dade County's 21%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Coral Gables breaks down to 53% single-family homes and 43% apartments in buildings with 5+ units.
About 55% of owner-occupied homes in Coral Gables have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Coral Gables has an owner-occupancy rate of 64% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
90% of homes in Coral Gables are primarily heated with electricity.
FEMA rates Miami-Dade County's overall risk as Very High, led by hurricane (Very High). Miami-Dade County had 355,123 active NFIP flood policies as of September 2026. See the full Miami-Dade County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Florida, the statewide average premium for a standard HO-3 homeowners policy is $2,779 per year (NAIC, 2023 data).
Key figures
| Median home value | $1,089,900 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Miami-Dade County | 355,123 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)