The Best Cheap Homeowners Insurance in Hialeah, FL for 2021: Quotes and Reviews

Homeowners insurance in Hialeah, Florida, costs an average of $4,582 annually or $382 monthly. This cost can vary significantly depending on the company. Travelers, the cheapest option, costs $1,452 per year. Citizens, the most expensive, costs $13,771 yearly. You can save up to $12,319 per year by shopping around. To help you get the best combination of cost and quality, MoneyGeek also ranked the best homeowners insurance companies in Hialeah.

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The Cheapest and Best Homeowners Insurance in Hialeah

The Cheapest Home Insurance Companies in Hialeah

Cost should be an important factor when picking the best homeowners insurance in Hialeah since most companies offer similar core coverages. You can compare quotes from different companies to find the cheapest option.

On average, the cheapest insurance companies in Hialeah for home insurance with $250,000 in dwelling coverage are:

  • Travelers: $1,452 per year
  • Nationwide: $1,581 per year

For expensive homes, the cheapest insurance companies in Hialeah on average for home insurance with $2,000,000 in dwelling coverage are:

  • Allstate: $ 9,200 per year
  • Nationwide: $11,822 per year

You can use the table below to see how the prices change depending on the specific dwelling coverage.

The Cheapest Home Insurance in Hialeah, Ranked

Dwelling Coverage:

$250,000

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All the policies used in this analysis with dwelling coverage of $250,000 have personal property limits of $100,000, while the policies with dwelling coverage of $2 million have personal property limits of $800,000.

If you live in other parts of Florida, outside of Hialeah, you can compare home insurance rates for Florida as a whole.

The Average Cost of Homeowners Insurance in Hialeah for 2021

Hialeah$4,582
Florida$2,359
U.S.$2,103

The average cost of home insurance in Hialeah is $4,582 per year or $382 per month. This cost is $2479 more than the national average of $2,103 per year. Compared to the state average of $2,359, the cost of home insurance in Hialeah is higher by $2,223 per year.

Calculate the Cost of Home Insurance in Hialeah

Location is one of the factors that determines the cost of home insurance in Hialeah. However, the dwelling coverage you buy, personal property coverage and your credit score are also key factors in how much you pay in premiums. You can use MoneyGeek’s home insurance calculator to compare quotes in Hialeah.

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Home Insurance Calculator

State

Florida

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Best Home Insurance Companies in Hialeah

While cost is an important factor while shopping for home insurance in Hialeah, it is also important to consider customer service experience and financial stability. These metrics are important because they determine whether your claim will be handled promptly and efficiently.

MoneyGeek’s analysis found that the best home insurance companies in Hialeah are:

  • Best Overall: Nationwide
  • Runner-up: Travelers

MoneyGeek used a unique ranking system that incorporates affordability, customer satisfaction ratings and financial stability ratings.


1
Nationwide
Score:94

5/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Nationwide has unique coverage benefits, including replacement cost coverage for personal items. This means in the event of a claim, you get a replacement of the same quality as the lost item. A Nationwide policy also allows you to opt in to get a better roof replacement in case of damage to your existing one.

More About Nationwide

Nationwide is MoneyGeek’s top pick for the best home insurer in Hialeah because it scores high in all categories, including customer satisfaction and affordability. If you want, Nationwide will let you add flood coverage to your policy.

Read MoneyGeek's Nationwide home Insurance Review
2
Travelers
Score:93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers home insurance policy offers homeowners wide coverage, including water backup and sump pump discharge coverage that will keep you protected. It also comes with optional identity theft coverage of up to $25,000 that will protect you in cases of identity theft.

More About Travelers

Travelers is MoneyGeek’s runner-up because it scores high in affordability and financial stability ratings.

Read MoneyGeek's Travelers home Insurance Review
3
Chubb
Score:92

4.9/5

Affordability

3.8/5

User Satisfaction

5/5

Financial Stability

4
Allstate
Score:92

4.8/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability

5
State Farm
Score:90

4.5/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability

6
ASI
Score:86

4.6/5

Affordability

3.7/5

User Satisfaction

4.5/5

Financial Stability

7
Universal Property
Score:80

4.3/5

Affordability

3.5/5

User Satisfaction

4/5

Financial Stability

8
Heritage
Score:78

4.2/5

Affordability

4/5

User Satisfaction

3/5

Financial Stability

9
Universal North America
Score:77

4.5/5

Affordability

3/5

User Satisfaction

3.5/5

Financial Stability

10
Citizens
Score:73

3/5

Affordability

4.5/5

User Satisfaction

4/5

Financial Stability

Cheapest Home Insurance Companies in Hialeah for Newly Constructed Homes

In Hialeah, the cost of home insurance for newly constructed homes is much cheaper than the premium for older homes. This is because modern materials are typically more resistant to damage so the risk is much lower. Newer materials are also easier for the insurer to replace hence the lower cost.

Newly constructed homes cost an average of $3,267 to insure compared to an average of $4,582 for a home built in 2000.

On average, the cheapest insurance companies in Hialeah for new homes with $250,000 in dwelling coverage are:

  • Travelers: $1,035 per year
  • Nationwide: $1,127 per year
The Cheapest Home Insurance in Hialeah for New Homes, Ranked

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Cheapest Home Insurance Companies in Hialeah if You Have a Lot of Personal Property

Home insurance offers coverage against damage to personal property in your home. The amount of personal property you want to cover will impact your premiums. The more personal property that you want to cover, the higher the cost of home insurance.

In Hialeah, the average cost to get property limits coverage of $250,000 is $4,965 compared to an average of $4,582 for $100,000 in personal property coverage limits.

On average, the cheapest insurance companies in Hialeah for homeowners with high personal property limits are:

  • Travelers: $1,573 per year
  • Nationwide: $1,713 per year
Cheap Companies in Hialeah for Extra Personal Property Coverage

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Cheapest Home Insurance Companies in Hialeah for High Deductibles

The deductible that you choose can have a significant impact on the cost of home insurance in Hialeah. A higher deductible means that your policy will cost less each year, but you will pay more money out-of-pocket if you make a claim.

It costs an average of $4,051 if you select a policy with a $2,000 deductible compared to an average of $4,582 for a $1,000 deductible.

The cheapest insurance companies in Hialeah for homeowners with high deductible policies, on average, are:

  • Travelers: $1,284 per year
  • Nationwide: $1,398 per year
The Cheapest Companies in Hialeah for High Deductibles, Ranked

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Cheapest Home Insurance Companies in Hialeah if You Have Poor Credit

Hialeah homeowners who have poor credit scores will pay more every year for home insurance because insurance companies in Hialeah use credit scores as a factor for calculating insurance costs.

It costs an average of $5,768 if you have poor credit compared to an average of $4,582 for homeowners with good credit.

The cheapest insurance companies in Hialeah for homeowners with poor credit, on average, are:

  • Travelers: $1,452 per year
  • Nationwide: $1,581 per year
The Cheapest Companies in Hialeah for Poor Credit, Ranked

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Getting Online Homeowners Insurance Quotes in Hialeah

If you want to get a home insurance quote online in Hialeah, you will need to provide the following information to the insurance company.

  • The replacement cost of your home: This cost refers to the price of rebuilding your home, not its market value. The replacement cost is used by the insurer to determine your dwelling coverage limit, which is then used to calculate your premium. To determine the replacement cost of your home, you can hire a construction professional or building contractor.
  • The value of your personal property: The personal property coverage limits are determined based on the value of the items in your home. The higher the value is, the higher your premium is going to be.
  • Personal information: You will need to provide the insurance company with personal details such as your address, information about who lives in your home, your insurance history and other details.
  • Information about your house: The insurer will need information on when your house was built, how big it is, if you have safety devices and other details about your house.
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Homeowners Insurance in Hialeah Analysis: Methodology

For this study, MoneyGeek analyzed home insurance premiums from 10 companies in Hialeah. The data used in this study was provided in partnership with Quadrant. To calculate affordability scores, MoneyGeek collected quotes for a home with varying coverage levels.

In this study, the base profile for a homeowner was for a home with 2,500 square feet, built in 2000, with dwelling coverage of $250,000, personal property coverage of $100,000, and liability coverage of $100,000. Policies had a $1,000 deductible.

MoneyGeek also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles, and poor credit scores.

The customer satisfaction ratings used in this analysis were drawn from J.D. Power surveys.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.