How much is home insurance in Hialeah, FL?
The average cost of homeowners insurance in Hialeah varies depending on the coverage level you choose. Homeowners insurance costs $11,464 per year for dwelling coverage of $200,000 and $14,849 for $300,000 of dwelling coverage.
Below are the average annual and monthly Hialeah home insurance rates for different amounts of dwelling coverage.
| Coverage level | Average annual rate | Average monthly rate |
|---|---|---|
| $200,000 | $11,464 | $955 |
| $300,000 | $14,849 | $1,237 |
| $400,000 | $17,942 | $1,495 |
| $600,000 | $26,806 | $2,234 |
| $1,000,000 | $40,987 | $3,416 |
Note: For the above rates, the deductible amount is $1,000 and liability protection is $100,000.
Who has the cheapest homeowners insurance in Hialeah?
According to Insurance.com analysis, State Farm is the most affordable home insurance provider in Hialeah, with an average yearly cost of $4,613.
Price is a big factor when choosing home insurance, and costs in Hialeah can vary a lot between companies. While saving money is important, it’s also a good idea to consider each company’s reputation before making a decision.
The table below lists the cheapest home insurance companies in Hialeah.
| Company | Average annual cost |
|---|---|
| State Farm | $4,613 |
| Nationwide | $6,835 |
| Security First Insurance | $8,870 |
| Citizens Property Insurance | $10,939 |
| HCI Group Inc | $13,119 |
| Heritage Insurance Holdings | $17,231 |
| Progressive | $20,123 |
| Universal Insurance Holding | $26,627 |
| Allstate | $35,711 |
How does credit affect homeowners insurance in Hialeah?
The average home insurance cost for homeowners with an excellent credit score is $12,967; that’s $5,038 less expensive than the average cost of the same insurance for policyholders with a poor credit score. The table below shows the average annual insurance cost for homeowners with different credit levels.
| Credit score | Average annual cost |
|---|---|
| Excellent | $12,967 |
| Fair | $16,526 |
| Good | $14,849 |
| Poor | $18,005 |
Methodology
Home insurance averages are based on the following parameters:
- $300,000 in dwelling coverage
- $300,000 in liability coverage
- A $1,000 deductible
- A 2% hurricane deductible in applicable states
- Good credit
Additionally, we receive rates for dwelling coverages of:
- $200,000
- $400,000
- $600,000
- $1,000,000
We also gather data for:
- $100,000 in liability coverage
- Deductibles ranging from $500 to $5,000
- Poor, fair, and excellent credit tiers
Learn more about our data and methodology.
