The Best Cheap Homeowners Insurance in Hialeah, Florida for 2024: Quotes and Reviews

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.

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 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.

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.

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.

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

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

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

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

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.

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.