In the present work, a metal–matrix composite was casted using the LM13 aluminum alloy, which is most widely used for casting automotive components. Such applications require materials to withstand high operating temperatures and perform reliably without compromising their properties. In this regard, particulate-reinforced composites have gained widespread adaptability. The particulate reinforcements used comprise of one of the widely available industrial by-products. which is fly ash, along with the abundantly available quartz. Hybrid composites are fabricated through the economical liquid route that is widely used in mass production. Though there are numerous published research articles investigating the mechanical properties of metal–matrix composites, very few investigated the thermal properties of the composites. In the present work, thermal properties such as thermal conductivity and thermal diffusivity of cast hybrid composites were evaluated. The particulate reinforcements were added in varied weight percentages to the molten LM13 alloy and were dispersed uniformly using a power-driven stirrer. The melt with the dispersed particulate reinforcements was then poured into a thoroughly dried sand mold, and the melt was allowed to solidify. The quality of the castings was ascertained through density evaluation followed by a microstructural examination. It was found that the composites with only the fly ash particles as a reinforcement were less dense in comparison to the composites cast with the quartz particulate reinforcement. However, the hybrid composite, with both particulate reinforcements were dense. The microstructure revealed a refined grain structure. The thermal diffusivity and thermal conductivity values were lower for the composites cast with only the fly ash reinforcement. On the other hand, the composites cast with only quartz as the particulate reinforcement exhibited higher thermal diffusivity and thermal conductivity. The specific heat capacity was found to be lower for the fly ash-reinforced composites and higher for the quartz-reinforced composites in comparison to the LM13 base matrix alloy. However, the highest value of thermal diffusivity and thermal conductivity were reported for the hybrid composites with a 10 wt.% inclusion of both fly ash and quartz particulate reinforcements.