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Hayward is one of the most diverse cities in the country. This beautiful city is located in Alameda County and is popularly known as the “Heart of the Bay.” Hayward was home to Hunt’s canned goods until the 1980s. With a population of 159,293, the city has been ranked as the sixth-largest city in the San Francisco Bay Area.
The city is a popular tourist attraction for its shoreline and Golfing fields–Stonebrae and Skywest. The Japanese Gardens, located in the downtown area, is the perfect venue for a wedding. Many bars and clubs are located on Mission Blvd, including the famous “The Bistro on B Street,” which features live music.
Buying a house is one of the biggest assets and protecting it from unforeseen disasters is essential. Even though it’s not mandatory to purchase homeowners insurance in Hayward, your mortgage company would need it to sanction the loan. Hayward is prone to earthquakes and wildfires, which makes purchasing homeowners insurance a must. A comprehensive Hayward homeowners insurance will protect you financially and protect your property.
A standard policy offers coverage against the structure of the house, cost to replace the property, living expenses in case of repairs, and liability. Earthquake and flood coverage are generally excluded from the policy, and the residents would need to buy additional endorsements designed for each one.
When looking for the cheapest homeowners insurance in Hayward, begin your research by comparing different insurance providers’ rates. Use our online insurance comparison tool to get free quotes.
The average Hayward homeowners insurance is $1,635, with a median home value of $498,599.
| Hayward Average Home Insurance Cost (annual) | California Average | United States Average |
| $1634.90 | $1,173 | $1,444 |
In Hayward, there are houses valued at $50,000, and the insurance premium is only $36 per year. On the contrary, houses valued at $1,000,000 have a premium of $2200.
Hayward has 52.8% owner-occupied housing units even though the housing expenses in Hayward are 102% higher than the national average due to high chances of earthquakes and criminal activities. Last year, 5209 property crimes were reported in Hayward, out of which 299 were robbery cases.
The Hayward homeowners insurance premium varies according to the insurance provider you choose. Travelers insurance company offers the most competitive prices for homeowners insurance at $488.
Below is a comparison of homeowners insurance premiums offered by different companies.
| Company | Average Annual Premium Rate |
| Travelers | $488 |
| American National Property and Casualty Company | $520 |
| Farmers | $750 |
| Horace Mann Educators Corporation | $960 |
| Allstate | $1115 |
| Safeco Insurance | $1256 |
| Metlife | $1299 |
| State Farm | $1862 |
| The Hartford | $2400 |
When you purchase homeowners insurance, you need to choose a dwelling coverage level that covers the cost to rebuild or replace your home if it gets damaged due to any covered perils. The dwelling coverage should be equal to the amount it would take to rebuild your home.
The insurance premium is directly affected by the dwelling coverage amount. Here’s a table showing premium cost based on various coverage amounts.
| Coverage Amount | Home Insurance Cost ($) |
| $100,000 dwelling | $481 |
| $200,000 dwelling | $650 |
| $300,000 dwelling | $810 |
| $400,000 dwelling | $1149 |
| $500,000 dwelling | $1302 |
| $750,000 to $1000,000 dwelling | $1488 |
| Above $1000,000 dwelling | $1789 |
Not every neighborhood has the same insurance rates in Hayward. Areas prone to wildfires, floods, and heavy snow will likely have a high insurance premium. The cost of insurance depends on the local variables like the location of your home, number of claims submitted, rate of crime, and cost of the house.
Someone living on 2nd Street will have a different insurance premium than the residents of Thackeray Ave. In some neighborhoods, the insurance rates are very high as compared to the average homeowners insurance rate.
| Neighborhood | Zip Code | Average annual homeowners insurance rate |
2nd Street / D Street / Cannistraci Ln | 94541 | $4200 |
Central Blvd | 94542 | $2184 |
| Luvena Dr / Thackeray Ave / Dickens Ave | 94544 | $1545 |
| Phelen Ave / Research Pl / Peterman Ave | 94545 | $2472 |
| Castro Valley | 94546 | $2640 |
There are other factors that affect the premium cost for each neighborhood, such as the crime rate, nearby fire risk, etc. Your neighborhood’s risk level will impact the rate of homeowners insurance.
A homeowner insurance deductible is an amount a homeowner agrees to pay the insurance provider before filing a claim. In other words, if you file a claim worth $5000, and your deductible is $500, the insurance company will pay $4500, and you will be responsible for paying the remaining $500.
All insurance providers offer deductibles in different ways. The buyer has the option to choose between a dollar amount or a percentage to be set as the deductible. While deciding the deductible amount, just remember the higher the deductible, the lower the premium will be.
But, don’t raise it too high because you can only make claims higher than your deductible amount. For instance, if your deductible is $5000 and the damages caused to your property is valued at $4500, your deductible will be used to pay for the loss. You will be paying for the property out of your pocket.
We analyzed quotes from different insurance providers and noticed that changing your deductible amount will affect your premium immensely. For example, if your current deductible amount is $500 and you doubled it, your premium will decrease by 13%.
Have a look at the table below and see how the increased deductible lowered the premium.
| Insurance Provider | $500 Deductible | $1000 Deductible | $2500 Deductible | $5000 Deductible |
| State Farm | — | $1030 | $901 | $831 |
| Allstate | $999 | $935 | $798 | $660 |
| Country | $1438 | $1332 | $1180 | $1011 |
| Farmers | $760 | $744 | $708 | $668 |
| Liberty Mutual | $3286 | $2662 | $2204 | $1850 |
The damages caused due to floods, earthquakes, and lack of house maintenance are not covered under your policy. The residents of Hayward have the option to purchase flood and earthquake coverages at an additional premium.
Under the off-premises coverage, you can file a claim regardless of the location where your personal property was damaged. We recommend getting a separate insurance policy if you own expensive possessions like art pieces, antiques, and designer clothes.
When homeowners start looking for homeowners insurance, they are attracted to the price, but they should also consider the customer service, claim process, and financial status of the insurance provider. We compiled a list of top-rated homeowners insurance companies in Hayward based on J.D. Power ranking, A.M. Best rating, and BBB rating.
| Company | J.D. Power Ranking | A.M. Best Rating | BBB rating |
| Travelers | 5 out of 5 star | A++ | A+ |
| GEICO | 5 out of 5 stars | A++ | A+ |
| State Farm | 4 out of 5 stars | A++ | A |
| Liberty Mutuals | 3 out of 5 stars | A | A- |
| Farmers | 3 out of 5 stars | A+ | A+ |
| Home Insurance Company Near Hayward, CA | Address |
| State Farm | 1333 San Pablo Ave, Pinole, CA, 94564-2431 |
| Travelers | 3200 VILLA LN, NAPA, CA, 94558 |
| Liberty Mutual | 2603 Camino Ramon Ste 365, San Ramon, CA, 94583 |
| Liberty Mutual Independent | 1330 S. Bascom Avenue San Jose, Campbell, CA, 95128 |
| State Farm | 1501 Church St, San Francisco, CA, 94131-2017 |
In the United States, the majority of insurance claims are related to property disputes. In Hayward, the claims are filed mainly for two causes – theft and earthquake. In 2020 alone, the city was hit by 345 earthquakes.
As the city is located near the water, the risk of floods has increased tremendously. As per the reports, 3914 properties are at high risk of getting swept by a flood, and within the next 30 years, the number would go up to 4777.
The flood and earthquake damages are not covered under the standard homeowners insurance policy. You can ask your insurance provider to provide a separate policy that provides coverage against both natural disasters.
Depending on your home location, the homeowners insurance rate can be very high. The residents of Hayward have many discount options available that can immensely change their insurance premiums. Here’ how you can reduce your insurance cost:
Bundling your homeowners and auto insurance is the best way to save money. Simply ask your insurance provider. Refer to the chart and see the discount offered by different companies.
| Company | Average yearly car insurance rate | Average yearly homeowners insurance rate | Discount* | Total |
| Travelers | $1659 | $488 | 14% | $1846 |
| Allstate | $1240 | $1115 | 24% | $1790 |
| Farmers | $1480 | $750 | 19% | $1806 |
| State Farm | $1,370 | $1,679 | 24% | $2317 |
| Hartford | $1590 | $2400 | 20% | $3192 |
Most homeowners insurance in Hayward offers coverage against the damages caused during theft and vandalism. We recommend getting a replacement cost coverage to reimburse the cost to repair or replace the damaged items.
Every homeowner thinks about the slight increase in their premium every year. There are a number of conditions and circumstances responsible for the increase.
The cost of homeowners insurance depends on factors like:
If you own an older home, your homeowners insurance premium will cost more. The old homes may have more structural issues related to plumbing, electrical wiring, roof, and the foundation. Due to the increased risk, the cost of your homeowners insurance will be more.
A standard homeowners insurance policy covers the wildfire damages. If your home is inhabitable after a wildfire, the homeowners insurance will cover the expenses and reimburse you the cost. Before you sign up for your insurance agreement, be sure to ask your agent about the coverage.
Whether you just prefer a friendly voice or need more information, our licensed agents are ready to help you save.