Home Insurance in Miami Shores, Florida
With a median home value of $864,400, Miami Shores is 87% higher than the Miami-Dade County median.
The typical home in Miami Shores was built around 1954. About 74% of homes were built before 1960, about 53 points above Miami-Dade County's 21%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Miami Shores, the housing stock is 89% single-family homes and 8% apartments in buildings with 5+ units.
70% of owner-occupied homes in Miami Shores carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Miami Shores has an owner-occupancy rate of 87% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
91% of homes in Miami Shores 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.
The statewide average premium for a standard HO-3 homeowners policy in Florida is $2,779 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $864,400 |
|---|---|
| Median year built | 1954 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 70% |
| 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
- Biscayne Park
- El Portal
- North Bay Village
- North Miami
- Indian Creek
- Bay Harbor Islands
- Surfside
- Bal Harbour
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)