Home Insurance in Palm Beach, Florida
Homes in Palm Beach carry a median value of $2,000,000+.
The typical home in Palm Beach was built around 1970. About 23% of homes were built before 1960, about 16 points above Palm Beach County's 8%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Palm Beach breaks down to 27% single-family homes and 69% apartments in buildings with 5+ units.
About 23% of owner-occupied homes in Palm Beach have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 84% of occupied homes in Palm Beach are owner-occupied. The vacancy rate is 48%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Palm Beach - 85% - are primarily heated with electricity.
Palm Beach County's top FEMA-rated hazard is hurricane (Very High), per FEMA's National Risk Index. Palm Beach County had 128,176 active NFIP flood policies as of September 2026. See the full Palm Beach 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 | $2,000,000+ |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 23% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Palm Beach County | 128,176 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
- Cloud Lake
- Glen Ridge
- Lake Clarke Shores
- Mangonia Park
- Haverhill
- Lake Worth Beach
- Palm Springs
- Palm Beach Shores
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)