Hayward, CA Homeowners Insurance

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. 

Cheapest Hayward Homeowners Insurance

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. 

How much does Hayward homeowners insurance cost?

The average Hayward homeowners insurance is $1,635, with a median home value of $498,599. 

Hayward Homeowners Insurance Rates Compared to State and National Average Rates

Hayward Average Home Insurance Cost (annual)California AverageUnited 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. 

Hayward Homeowners Insurance Rates by Company

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.

Homeowners Insurance Premiums in Hayward by Company 

CompanyAverage 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

Hayward Homeowners Insurance Rates by Coverage Amount

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. 

Hayward Homeowners Insurance Rates by Coverage Amount

Coverage AmountHome 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

Hayward Homeowners Insurance Rates Based on ZIP Codes

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. 

Hayward Homeowners Insurance Rates By ZIP Codes

NeighborhoodZip CodeAverage annual homeowners insurance rate

2nd Street / D Street / Cannistraci Ln

94541$4200

Central Blvd

94542$2184
Luvena Dr / Thackeray Ave / Dickens Ave94544$1545
Phelen Ave / Research Pl / Peterman Ave94545$2472
Castro Valley94546$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.  

Hayward Homeowners Insurance Deductible

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. 

Hayward Homeowners Insurance Cost based on Deductible

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

Hayward Homeowners Insurance Coverages Available 

A standard homeowners insurance policy provides coverage for:

  • Dwelling Coverage – Damage to the exterior or interior of your home: Your homeowner’s insurance policy provides coverage against the damage caused by fire, hurricanes, vandalism, and other covered peril. Your insurance provider will reimburse the cost to repair or replace your property. 

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. 

  • Other Structure: Homeowners insurance also covers the structures attached to your home, such as a garage or shed. 
  • Personal Property: Homeowners insurance covers all the personal property that’s inside your house. Insurance companies also offer ‘Off-Premises’ coverage specific to your personal possessions like jewelry. 

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.

  •  
  • Loss of Use: After an unforeseen event, if you are forced to stay out of your home, your insurance policy will cover all the living expenses related to housing and food till your house gets repaired. 
  • Personal Liability: If your son or a dog was responsible for causing an injury to someone or their property, your insurance would cover it. 
  • Medical Expenses: If a guest gets injured at your house, your homeowner insurance will be responsible for paying for their medical expenses.  

Best Homeowners Insurance Companies In California

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. 

Best Homeowners Insurance Companies in California Based on Rating

CompanyJ.D. Power RankingA.M. Best RatingBBB rating
Travelers5 out of 5 starA++A+
GEICO5 out of 5 starsA++A+
State Farm4 out of 5 starsA++A
Liberty Mutuals3 out of 5 starsAA-
Farmers 3 out of 5 starsA+A+

Top Homeowners Insurance Agents in Hayward

Home Insurance Company Near Hayward, CAAddress
State Farm1333 San Pablo Ave, Pinole, CA, 94564-2431
Travelers3200 VILLA LN, NAPA, CA, 94558
Liberty Mutual2603 Camino Ramon Ste 365, San Ramon, CA, 94583
Liberty Mutual Independent1330 S. Bascom Avenue San Jose, Campbell, CA, 95128
State Farm1501 Church St, San Francisco, CA, 94131-2017

Common Causes for Homeowners Insurance Losses in Hayward

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. 

How to Save Money on My Hayward Homeowners Insurance

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:

  • Renovating your home
  • Bundling your home and auto insurance
  • Construction type of your home
  • Installing sprinklers, fire alarms, and burglar alarms
  • Paying the premium in full. 

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. 

Hayward Homeowners Insurance Premium Based on Discounts

CompanyAverage yearly car insurance rateAverage yearly homeowners insurance rateDiscount*Total
Travelers$1659$48814%$1846
Allstate$1240$111524%$1790
Farmers $1480$75019%$1806
State Farm$1,370$1,67924%$2317
Hartford$1590$240020%$3192

Special resources for residents of Hayward: 

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Hayward, CA Homeowners Insurance FAQs

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. 

  • Filing claims: In case of any unexpected damage caused to your home or personal possessions, the standard homeowner insurance covers to pay for the cost to repair or replace it. When you file a claim, your premium increases. The increased premium depends on the number of claims filed. 
  • Property changes and attractive nuisances: The insurance premium goes up when you change your property to boost its value. Similarly, if you add a swimming pool or a trampoline, the rate increases as with added attractive nuisances, the risk of accidents go up. 
  • Inflation: When inflation strikes, the insurance providers raise their policy rate to cope with it. Due to inflation, the cost of your home and personal possessions increases, which is why the premium rate is increased according to the price of home appliances and the cost of new constructions.

The cost of homeowners insurance depends on factors like:

  • The amount of coverage
  • Location of your home
  • The crime rate in your neighborhood
  • Fire safeguards
  • Condition, materials, and age of the home
  • Claims history of the neighborhood and the homeowner
  • Credit score
  • Deductible amount

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.

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