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Homeowners Insurance  »  Florida  »  

Melbourne

TGS Insurance Agency: Your Partner in Stress-Free, Cost-Effective Home Coverage

 

TGS Insurance Agency stands out as an independent agency with access to over 55 top-rated insurance carriers, enabling us to provide you with comprehensive and customized insurance solutions. Our goal is to make the home insurance shopping experience effortless and stress-free for you. Our expert agents handle the legwork, starting with an instant, free quote, and continue to work with you to tailor your coverage and find all available discounts. By taking the burden off your shoulders, we ensure you get the best value and protection for your home. At TGS Insurance Agency, we shop so you can save. It truly is that easy.

 

What Does Home Insurance in Melbourne Cover?

 

Home insurance policies generally encompass several critical types of coverage, offering a broad range of protection:

  • Coverage A: Safeguards your home against damage.
  • Coverage B: Protects additional structures on your property, such as detached garages, sheds, and fences.
  • Coverage C: Covers personal property, including furniture, electronics, and clothing.
  • Coverage D: Provides for additional living expenses if your home becomes uninhabitable due to a covered incident.
  • Coverage E: Offers personal liability protection, covering claims resulting from accidents on your property.
  • Coverage F: Pays for medical expenses incurred by non-household members injured on your property.

When it comes to home insurance in Melbourne, you have plenty of choices. Standard policies typically protect against various losses, including damage from weather events, theft, and accidents. However, not all policies are the same. That’s why working with a knowledgeable agent is essential to help you navigate the complexities of home insurance and customize your coverage to meet your specific needs. Whether you require more protection for your personal belongings or extra liability coverage, we’re here to ensure you’re fully protected.

 

What’s the Cost of Home Insurance in Melbourne?

 

Typically, TGS clients in Melbourne spend around $2,692 annually for home insurance. Insurance premiums are influenced by various elements, such as the age and value of your home, its location, your credit history, and the extent of coverage you choose. This figure is calculated for policies covering homes valued at approximately $433,316 and includes windstorm and hail protection with a 2% deductible. At TGS Insurance Agency, we offer flexible insurance solutions tailored to your needs, ensuring you get the coverage you want at a price you’re comfortable with. Start by obtaining a free, instant home insurance quote by entering your address above.

 

Understanding Dwelling Coverage Impact on Premium in Melbourne

 

Dwelling coverage is a vital part of home insurance, safeguarding the physical structure of your home against covered hazards. Your policy typically offers coverage up to a certain dollar amount, known as the policy limit. It’s essential to set a dwelling coverage limit high enough to cover the full cost of rebuilding your home if it were to be completely destroyed.

 

The dwelling coverage limit plays a significant role in determining your home insurance premium. Generally, higher coverage limits translate to higher premiums because the insurer takes on more risk. Below is a summary of the average home insurance premiums based on varying dwelling coverage limits.

 

Dwelling Coverage LimitsAverage Annual Premium (incl. Windstorm & Hail Coverage)
$200,000 - $299,999$2,303
$300,000 - $399,999$2,583
$400,000 - $499,999$2,698
$500,000 - $599,999$2,955
$600,000 - $699,999$2,989

 

Melbourne Home Insurance Cost By Home Age

 

Home insurance rates can vary significantly based on the age of the home due to several factors. Older homes often come with higher insurance premiums because they may have outdated electrical, plumbing, and heating systems that pose more significant risks for fires, water damage, and other hazards. These homes might also be constructed with materials that are more susceptible to damage and may not meet current building codes, increasing the likelihood of costly repairs. On the other hand, newer homes typically benefit from modern construction techniques, materials, and adherence to updated safety standards, reducing the risk of damage and, therefore, lowering insurance premiums. Additionally, newer homes may also have more advanced security features, which can further decrease the likelihood of theft or vandalism and contribute to lower insurance rates.

 

In Melbourne, TGS Insurance customers with homes older than 25 years pay an average annual premium of $3,106, while those with newer homes pay approximately $2,127. This disparity illustrates the significant impact of home age on insurance premiums, with older homes incurring higher costs due to a higher risk of potential claims.

 

Understanding How Home Insurance Rates Vary by Carrier

 

Home insurance rates can vary widely by carrier due to several factors. Each insurance company uses its own unique formula to assess risk, which includes evaluating the location, age, and condition of the home, as well as the homeowner’s claim history and credit score. Additionally, carriers may have different underwriting guidelines and coverage options, which can influence premium costs. Some insurers might offer discounts for bundling policies, installing security systems, or having a claims-free history, while others may charge more based on regional risks or past natural disasters. Moreover, the level of customer service and financial stability of the carrier can also impact rates, as well-established companies with a strong reputation might charge higher premiums to account for their reliability and comprehensive coverage options. Consequently, it’s important for homeowners to compare quotes from multiple carriers to find the best coverage and rate for their specific needs.

 

Covered Zip Codes in Melbourne

 

3290132902329043291232919
3293432935329363294032941

 

Is your zip code not listed? Don’t worry! We support homeowners throughout Florida in finding the best home insurance coverage. Get started with a free instant quote by providing your address above.

 

TGS Insurance is Melbourne's Premier Home Insurance Provider

Melbourne neighborhood

Melbourne, Florida, located on the Space Coast, is known for its beautiful beaches, historic downtown, and proximity to the Kennedy Space Center. The city offers a mix of cultural attractions, outdoor activities, and a growing tech industry, making it a vibrant and diverse community.

Melbourne neighborhood

Experience the difference with TGS Insurance Agency, where we prioritize the needs of our Melbourne customers. Offering comprehensive coverage and outstanding service, we help you protect your home from unforeseen events. Get a free quote today.

Key Home Statistics in Melbourne

86,960

Total Population in Melbourne, FL

$378,314

Average Home Value in Melbourne, FL

$60,917

Median Household Income in Melbourne, FL

36

Median Age in Melbourne, FL

Trust TGS Insurance in Melbourne

Data as of December 09, 2024

24,189

Total
Customers

$10.1 B

Total Assets Covered Projected

24,000

Total Homes Insured

9,000

Total Vehicles Insured

Major Neighborhoods in Melbourne, FL

Image of Suntree Neighborhood

Suntree

Suntree is a master-planned community offering golf courses, lakeside views, and a range of home styles, ideal for families and active lifestyles.

Image of Viera Neighborhood

Viera

Viera is a vibrant, master-planned community known for its modern homes, excellent schools, shopping, and recreational amenities, perfect for all ages.

Image of Eau Gallie Neighborhood

Eau Gallie

Eau Gallie is a historic district with a mix of charming older homes, an artsy vibe, and proximity to the Indian River, perfect for culture lovers.

Local Home Resources in Melbourne, FL

Fire Departments
Melbourne City - City Agencies and Services- Fire Department Administra900 E Strawbridge Ave
Melbourne, FL 32901
(321) 674-5870
Melbourne City - City Agencies and Services- Fire Stations- #31530 Tower Access Rd
Melbourne, FL 32901
(321) 674-5790
Melbourne City - City Agencies and Services- Fire Stations- #62470 Croton Rd
Melbourne, FL 32935
(321) 255-4607
Melbourne Fire Dept2937 Sarno Rd
Melbourne, FL 32935
(321) 255-4604
Melbourne Fire Dept151 E University Blvd
Melbourne, FL 32901
(321) 674-5866
Melbourne Fire Dept1500 Hickory St
Melbourne, FL 32901
(321) 674-5866
Melbourne Fire Dept865 W Eau Gallie Blvd
Melbourne, FL 32935
(321) 255-4601
Melbourne Fire Dept3721 N Wickham Rd
Melbourne, FL 32935
(321) 752-4642
Melbourne Fire Dept Training1980 Hughes Rd
Melbourne, FL 32935
(321) 255-4603
Valkaria Volunteer Fire Dept
Melbourne, FL
(321) 952-0466
Police Departments
Law Enforcement700 S Babcock St Ste 401
Melbourne, FL 32901
3219844880
MELBOURNE POLICE DEPT650 N APOLLO BLVD
MELBOURNE, FL 32941
3219847272
Melbourne Police Dept650 N Apollo Blvd
Melbourne, FL 32935
3219847272
Melbourne Police Dept-Detectiv701 S Babcock St
Melbourne, FL 32941
3212591211
Melbourne Police Dept-detectiv701 S Babcock St
Melbourne, FL 32901
3212591211
Melbourne Police Dept-patrol650 N Apollo Blvd
Melbourne, FL 32935
3212591211
Melbourne Police Dept-records650 N Apollo Blvd
Melbourne, FL 32935
3214093305
Melbourne Village Police Dept555 Hammock Rd
Melbourne, FL 32904
3217257224
Palm Bay Police Dept130 Malabar Rd Se
Melbourne, FL 32907
3219523456
Police Dept-Operations Bureau130 Malabar Rd SE
Melbourne, FL 32941
3219523462
Police Dept-property & Evdnc130 Malabar Rd Se
Melbourne, FL 32907
3219523457
Sheriff's Office51 Nieman Ave
Melbourne, FL 32901
3219524615
West Melbourne Police Department2290 Minton Rd
Melbourne, FL 32904-4917
3217239673