Updated: December 18, 2024
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In Hollywood, Florida, State Farm is the best overall and cheapest home insurance company. If customer service is your priority, however, Chubb is the best.
These companies cater to different needs, so choose based on what matters to you, like cost, customer service or coverage options.
Best HomeInsuranceHollywood, FLTable of Contents
Why Trust MoneyGeek? We used data from Florida's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Hollywood.
Home insurance premiums in Hollywood represent the most competitive quotes as of September 2024.
State Farm is the best home insurance option for $100K dwelling coverage in Hollywood, FL, with a MoneyGeek score of 93 out of 100.
Home insurance companies in Hollywood have scores ranging from 38 to 93, according to MoneyGeek's scoring system. Scores vary based on factors like credit history and home age.
| State Farm | 93 | $960 |
| Nationwide | 91 | $1,495 |
| Allstate | 78 | $2,941 |
| Florida Peninsula Insurance | 69 | $5,674 |
| ASI | 66 | $3,761 |
| Chubb | 63 | $10,350 |
| Heritage Insurance | 57 | $5,699 |
| Universal Property | 38 | $10,526 |
State Farm is the best home insurance company in Hollywood, FL, for $100K dwelling coverage because it offers a balance of affordability and high customer satisfaction. The overall top providers are:
While cost is important, consider other factors like customer support and claims handling; these are essential when making a claim.
State Farm ranks well for affordability and customer satisfaction. Discounts like roof replacement cost and wind mitigation can lower your premium.
Coverage options, like scheduled personal property for valuables and backup of sewer or drain for water damage, provide added protection for homeowners. State Farm also offers building ordinance or law and mold coverages.
Chubb offers the best customer service in home insurance for $100K dwelling coverage in Hollywood, FL. The top providers in this category are:
Chubb stands out for its superb customer satisfaction, delivering attentive service for a smooth experience. Excellent service in home insurance means prompt response, clear communication and helpful claims processing.
Chubb leads in service quality with high customer satisfaction and coverage scores. Discounts, such as new home (for properties 10 years old or less), help lower costs.
It offers comprehensive home insurance, including guaranteed replacement cost and building ordinance or law coverages. Guaranteed replacement cost coverage ensures your home is rebuilt even if expenses exceed policy limits. Building ordinance or law coverage pays for upgrades to meet current codes after a loss. Cash settlement coverage lets you opt for a payout instead of rebuilding.
State Farm is the best cheap home insurance company for $100K dwelling coverage in Hollywood, FL, due to its high affordability score. The top budget-friendly providers for this coverage amount are:
If saving on premiums is your goal, exploring the cheapest homeowner insurance companies can help.
Choosing cheap home insurance can save money but may provide less coverage, leaving you vulnerable in a disaster. The best cheap home insurance balances cost with value, offering more than low prices, unlike the cheapest options focusing solely on affordability.
State Farm is the best cheap home insurance company, earning a high MoneyGeek score for its affordability and customer satisfaction. You can save with discounts like bundling policies or installing protective devices like smoke alarms.
The insurer offers comprehensive coverage options for homeowners, including building ordinance or law coverage, which helps you comply with updated building codes and mold coverage to protect against mold damage. Backup of sewer or drain coverage safeguards against water damage from sewer backups.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 24, 2024
In Hollywood, several factors, including location, affect homeowners insurance. Comparing insurance rates can save you money, but it takes up to 15 minutes per company — needing over an hour for three or more. MoneyGeek's home insurance calculator helps you save time by focusing on key factors. Enter your age, dwelling coverage, credit score, deductible, liability coverage and more for a rate estimate.
State Farm offers the lowest home insurance rates in Hollywood, FL. Here are the cheapest overall providers:
The key factor affecting home insurance costs is the dwelling coverage you select. State Farm earns the highest MoneyGeek scores for $100K, $250K and $500K coverages, making it the cheapest overall.
Opting for the cheapest homeowners insurance in Florida can help you manage your finances more effectively by reducing monthly expenses.
| State Farm | $960 |
| Nationwide | $1,495 |
| Allstate | $2,941 |
| ASI | $3,761 |
| Florida Peninsula Insurance | $5,674 |
| Heritage Insurance | $5,699 |
| Chubb | $10,350 |
| Universal Property | $10,526 |
State Farm is the cheapest option for high-value home insurance in Hollywood, FL. Properties with high replacement costs require higher dwelling coverage, which raises home insurance costs.
State Farm is the most affordable homeowners insurance provider, earning top marks for both affordability and high-quality service.
| State Farm | $4,058 |
| Nationwide | $10,022 |
| ASI | $22,204 |
| Allstate | $29,445 |
| Heritage Insurance | $45,973 |
| Florida Peninsula Insurance | $46,288 |
| Universal Property | $55,282 |
| Chubb | $76,165 |
State Farm offers the cheapest insurance for new homes in Hollywood, FL.
State Farm stands out as Hollywood's most affordable homeowners insurance option while ranking high in other key areas.
However, choosing the coverage that fully protects your home is crucial.
| State Farm | $598 |
| Nationwide | $739 |
| Allstate | $1,169 |
| ASI | $1,409 |
| Heritage Insurance | $2,848 |
| Florida Peninsula Insurance | $3,485 |
| Universal Property | $5,565 |
| Chubb | $6,817 |
The best cheap homeowners insurance providers balance quality and cost, offering excellent customer service and coverage at affordable premiums. The best option for you depends on your needs. Consider factors like coverage, customer service and deductibles.
Follow these steps to find the best cheap home insurance:
Assess your property's rebuilding costs and personal property value to determine how much home insurance coverage you need.
Explore insurance companies operating in Hollywood, FL. Focus on those with solid financial standing and positive customer feedback.
After identifying necessary coverages, compare home insurance quotes. In Hollywood, FL, average annual premiums for $100K dwelling coverage range from $960 to $10,526.
Inquire with each provider about discounts, like those for bundling policies or installing safety systems.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's affordable in case of a claim.
Enhancing your home's security with alarms and strong locks can lower its risk profile and potentially reduce insurance costs.
Keeping a good credit score can affect your insurance rates. Pay bills promptly and decrease outstanding debt.
Consider combining your homeowners insurance with other policies like auto insurance for additional savings.
The best cheap home insurance provider depends on your coverage needs and budget. Get answers to common questions about the best affordable insurance rates in Hollywood, FL.
Hollywood, Florida's average annual home insurance cost is $3,961.
State Farm is the cheapest home insurance company in Hollywood, Florida, with an average annual premium of $960.
State Farm provides the best home insurance in Florida for Hollywood residents, with a MoneyGeek score of 93 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
