Best & Cheapest Homeowners Insurance in Hialeah, FL June, 2024

Nationwide offers the most affordable home insurance for residents in Hialeah, with an average yearly quote of $1,592.

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Updated: 05 May 2024
Written by
Bob Phillips
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In our thorough assessment of home insurance providers in Hialeah, FL, Nationwide stands out as the most budget-friendly option, offering an average annual rate of $1,592. However, the best insurer for your specific situation may vary based on certain factors.

For example, if you have a lower credit score, Allstate is the most economical choice with an average yearly premium of $2,450. For newly constructed homes, Travelers provides the most cost-effective solution at $1,065 per year.

If you possess valuable personal property, Nationwide proves to be an excellent choice, offering extensive coverage at a reasonable rate of $1,723 per year.Individuals with a history of claims may find an affordable option with State Farm at $3,026 per year.

At Insuranceopedia, our comprehensive analysis aims to help you find the ideal fit for your home insurance needs. We compare customer ratings, assess personal experiences, and present comparison charts to provide you with all the necessary information for making an informed decision.

How much is homeowners insurance in Hialeah, FL?

In Hialeah, Nationwide offers the most affordable homeowners insurance option, with an annual rate of $1,592.

As mentioned below, insurance rates in Hialeah are higher than both the national average and the Florida state average.

Area Average Monthly Rate
National $1,820
Florida $2,348
Hialeah $4,590

Home insurance rates vary widely and can change significantly based on several factors.

Cheapest Homeowners Insurance in Hialeah, FL 2024

Cheapest Home Insurance, Hialeah, 2024

Our Methodology

To find the most cost-effective home insurance rates in Hialeah, we analyzed data from multiple home insurance review sites. Some sources used rates from public filings by Quadrant Information Services. The review is based on an average of these rates, but it's crucial to note that each company's rates can fluctuate often and depend on your unique circumstances. In addition to the data-driven analysis, the overall rating reflects my subjective opinion. This assessment is based on fifteen years of experience as a licensed insurance agent and over three decades of personally purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Hialeah, FL

In Hialeah, FL, Nationwide is the most budget-friendly option for homeowners insurance, with an average annual rate of $1,592.

Company Annual Premium
Nationwide $1,592
Allstate $2,203
Chubb $2,450
State Farm $4,260
Universal Property $5,792

The cost of your insurance policy is influenced by factors such as your location, the value of your home, and your claims history. Nationwide provides a well-rounded option that balances affordability with comprehensive coverage.

Cheapest Homeowners Insurance If You Have Poor Credit

For individuals with a lower credit score, Allstate offers the most economical solution, with an average annual rate of $2,450.

Insurance Company Average Annual Premium
Allstate $2,450
Chubb $3,946
Universal Property $5,768
Heritage $6,420
State Farm $9,160

Your credit score can indeed have a substantial impact on your insurance rates, as insurers consider it when evaluating risk. Allstate recognizes the importance of offering fair coverage to everyone, regardless of their credit history.

Cheapest Homeowners Insurance for Newly Constructed Homes

Travelers provides a cost-effective solution for owners of newly constructed homes, with an average annual rate of $1,065.

Insurance Company Average Annual Premium
Travelers $1,065
Nationwide $1,130
Allstate $1,749
State Farm $3,043
Heritage $4,585

Newly constructed homes typically have unique coverage needs compared to older homes, and Travelers specializes in offering affordable policies tailored to these specific requirements.

Cheapest Home Insurance Rates for Lots of Personal Property

Nationwide provides affordable coverage for individuals with a significant amount of personal property, offering competitive rates with an average annual premium of $1,723.

Insurance Company Average Annual Premium
Nationwide $1,723
Chubb $2,393
Allstate $2,650
State farm $4,616
Heritage $6,960

Nationwide offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected, even if you have a substantial amount of personal property.

Cheapest Home Insurance In Hialeah for a History of Claims

For homeowners with a history of claims, State Farm presents an affordable solution with an average annual rate of $3,026

Insurance Company Average Annual Premium
State Farm $3,026
Universal North America $3,475
Chubb $3,763
Tower Hill $4,035
Heritage $4,209

Having a history of claims can result in higher premiums, as it may signal increased risk for insurers. Nonetheless, State Farm strives to offer reasonable rates for individuals with past claims, providing a second chance for affordable coverage.

Best Homeowners Insurance Companies in Hialeah, FL

Selecting the right homeowners insurance isn’t just a necessity; it’s a strategic decision. Hialeah, with its rich history, boasts homes as diverse as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates is crucial.

To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Hialeah, FL. These companies have been evaluated based on criteria such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Refer to our comparison chart below to identify the perfect match for your home insurance needs.

Company Annual Premium
Nationwide $1,592
Allstate $2,203
Chubb $2,450
State Farm $4,260
ASI $3,714
Travelers $1,460
Universal Property $5,792
Heritage $6,420
Citizens $13,790

Average Home Insurance Rates by Zip Codes

Home insurance costs in Hialeah, FL can vary widely depending on the zip code. Below, you’ll find tables showing rates for different zip codes in Hialeah, along with details about the least and most expensive zip codes for annual home insurance premiums in the area.

ZIP Code Average Insurance Premium (Annual)
33014 $5,898
33010 $5,893
33013 $5,897
33018 $5,930

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
33014 $5,898
33010 $5,893
33013 $5,897

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
33018 $5,930
33012 $5,957
33015 $5,909

Average Home Insurance Rates in Hialeah FL by Deductible Amount

The deductible you choose for your homeowners insurance policy can significantly influence premium rates in Hialeah, FL. Here’s a breakdown of how average home insurance rates change based on different deductible amounts:

Deductible Annual Rate
$500 $4,610
$1,000 $4,288
$1,500 $4,240
$2,000 $3,751

Average Home Insurance Rates in Hialeah, FL By Coverage Amount

Dwelling coverage, representing the maximum amount your insurance provider will pay to rebuild or repair your home in the event of damage or destruction, is a pivotal factor that affects your premium.

Here’s a comparison chart outlining the average annual homeowners insurance premiums for various dwelling coverage amounts:

Dwelling Coverage Amount Average Annual Premium
$200,000 $3,998
$250,000 $4,280
$300,000 $5,107
$350,000 $5,934
$400,000 $6,792

Average Home Insurance Rates in Hialeah, FL by Company

Here is a comparison table displaying annual premiums from some of the leading providers in Hialeah:

Company Annual Premium
Nationwide $1,592
Allstate $2,203
Chubb $2,450
State Farm $4,260
ASI $3,714
Travelers $1,460
Universal Property $5,792
Heritage $6,420
Citizens $13,790

How Much is Homeowners Insurance for Other Cities in Florida?

Here is a detailed comparison chart showcasing the cheapest companies and their annual premiums across various cities in Florida:

City Annual Premium
Miami $3,944
Fort Lauderdale $2,572
Gainesville $1,592
Tallahassee $1,286

Getting Online Homeowners Insurance Quotes in Florida

Websites like Insuranceopedia make it easy to find the best coverage for your specific needs. You can quickly get online quotes from top-rated insurers, making it simple to compare rates.

Just enter your information, and Insuranceopedia will give you various options tailored to your requirements. This straightforward process helps you choose a policy that provides great value, balancing cost and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Hialeah, FL?

Nationwide provides the most budget-friendly homeowners insurance in Hialeah, Florida, with an annual premium of $1,592.

What is the average cost of home insurance in Hialeah, FL?

The typical expense for homeowners insurance in Hialeah, Florida, is around $4,590 per year.

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