Finding the Best Homeowners Insurance in Alabama
Owning a home in Alabama is a fulfilling experience, but it comes with several costs and headaches. If an unexpected natural disaster occurs and damages your property, who will pay the bill? Purchasing homeowners insurance is the solution to your dilemma. The Cotton State is not a place you can get cheap homeowners insurance Alaska. It is the 10th costliest state in the United States for homeowners insurance. The Cotton State's homeownership rate is 68%, higher than the U.S. average of 63.9%. In other words, Alaska has a higher percentage of homeowners than they are in many states in America, according to Data USA. The median property value is significantly lower than the national average at $141,300 for Alabama; the national average median property value is $217,600. Despite this gulping gap of over $65,000, owning homeowners insurance is still vital for many Alabaman residents. Alabama's homeowners' insurance quotes are not the cheapest, but you can navigate through different options and find a cheaper alternative if you are on a budget. Alabama's homeowners' insurance will cover you against the covered perils such as extreme weather destruction, theft, windstorm or fire.
| Alabama Homeowners Insurance Cost Broken Down | Costs |
|---|---|
| Yearly Cost of Homeowners Insurance in Alabama | $1,138.00 |
| Costs Per Month for Homeowners Insurance in Alabama | $94.83 |
How Much is Homeowners Insurance in Alabama
Homeowners insurance in Alabama is higher than the national average rate in the United States by several hundreds of dollars. The homeowners' insurance rates in Alabama are only more affordable than in nine other states in the United States. Alabama is the 10th most expensive state in the United States, and rightly so. The average cost of homeowners insurance in Alabama is $1,850. Note that the average price of homeowners insurance rates in the United States is $1,211. The cost of homeowners insurance in the Yellowhammer state is not fixed; it varies based on different state locations. Several factors are responsible for the high rate of homeowners insurance in Alabama. The number one factor is the terrain. The Cotton State is, by nature, prone to hurricanes. Therefore, homeowners insurance companies consider this, which makes purchasing homeowners insurance in Alabama costly. For homeowners insurance providers to give you a quote, they consider the following: the value of your property, the value of personal belongings, any additional cover you will need, the deductible you choose and its coverage limit. They use this information to provide a quote unique to the area where you reside. The costliest city in Alabama for homeowners insurance is Foley; it costs an average of over $2,700. The cheapest city for homeowners insurance in Alabama is Pelham, here it cost under $1,300, a little higher than the national average.
| City in Alabama | Monthly Costs | Yearly Costs |
|---|---|---|
| Birmingham, AL | $133.67 | $1,604.00 |
| Montgomery, AL | $124.75 | $1,497.00 |
| Huntsville, AL | $131.92 | $1,583.00 |
| Mobile, AL | $200.58 | $2,407.00 |
| Tuscaloosa, AL | $132.67 | $1,592.00 |
| Hoover, AL | $112.67 | $1,352.00 |
| Dothan, AL | $138.83 | $1,666.00 |
| Auburn, AL | $125.25 | $1,503.00 |
| Decatur, AL | $137.75 | $1,653.00 |
| Madison, AL | $129.75 | $1,557.00 |
| Florence, AL | $144.50 | $1,734.00 |
| Phenix City, AL | $132.00 | $1,584.00 |
| Prattville, AL | $125.33 | $1,504.00 |
| Gadsden, AL | $149.75 | $1,797.00 |
| Vestavia Hills, AL | $115.67 | $1,388.00 |
| Alabaster, AL | $116.50 | $1,398.00 |
| Opelika, AL | $128.58 | $1,543.00 |
| Enterprise, AL | $138.92 | $1,667.00 |
| Bessemer, AL | $142.50 | $1,710.00 |
| Daphne, AL | $220.67 | $2,648.00 |
| Athens, AL | $138.50 | $1,662.00 |
| Northport, AL | $131.83 | $1,582.00 |
| Homewood, AL | $137.17 | $1,646.00 |
| Pelham, AL | $107.42 | $1,289.00 |
| Trussville, AL | $123.25 | $1,479.00 |
| Fairhope, AL | $226.50 | $2,718.00 |
| Anniston, AL | $145.58 | $1,747.00 |
| Albertville, AL | $159.83 | $1,918.00 |
| Prichard, AL | $200.75 | $2,409.00 |
| Oxford, AL | $144.00 | $1,728.00 |
| Mountain Brook, AL | $115.25 | $1,383.00 |
| Helena, AL | $110.83 | $1,330.00 |
| Troy, AL | $133.92 | $1,607.00 |
| Foley, AL | $227.33 | $2,728.00 |
| Tillmans Corner, AL | $221.92 | $2,663.00 |
| Selma, AL | $151.25 | $1,815.00 |
| Center Point, AL | $145.75 | $1,749.00 |
| Cullman, AL | $149.75 | $1,797.00 |
| Millbrook, AL | $127.83 | $1,534.00 |
| Hueytown, AL | $144.58 | $1,735.00 |
| Talladega, AL | $148.17 | $1,778.00 |
| Saraland, AL | $209.67 | $2,516.00 |
| Alexander City, AL | $132.83 | $1,594.00 |
| Hartselle, AL | $140.75 | $1,689.00 |
| Scottsboro, AL | $158.42 | $1,901.00 |
| Calera, AL | $116.67 | $1,400.00 |
| Ozark, AL | $139.00 | $1,668.00 |
| Muscle Shoals, AL | $145.58 | $1,747.00 |
| Gardendale, AL | $124.50 | $1,494.00 |
| Fort Payne, AL | $157.83 | $1,894.00 |
Alabama Homeowners Insurance Laws
Alabama homeowners insurance laws do not make any provision for a compulsory homeowners insurance policy for homeowners. In other words, homeowners insurance is a choice. As a homeowner, you can decide if you want to use it or not. You do not have to worry about falling prey to the law; the law is pretty clear, nothing. The state, though, has insurance laws and guidelines that the law that guides the homeowners' insurance policy. It is of more relevance to homeowners insurance companies than it is for you. What are Alabama homeowners insurance requirements? Simply put, there is no requirement for Alabama homeowners insurance. You can own a home without having insurance coverage. Note that many mortgage companies, almost all, will not grant you mortgage loans if you do not commit to getting homeowners insurance cover on the property. It is how mortgage companies ensure that you can pay for damages to the property. In the event of damage to the home caused by the covered perils, the homeowners' insurance company will cover the cost.
What Does Homeowners Insurance Cover in Alabama
In Alabama, homeowners' insurance policy covers the property, personal belongings, loss of use, personal liability, and medical protection. In the event of which the damage to your home is caused by any of the covered perils in your homeowners' insurance policy deal, the homeowners' insurance company will foot the bill. Some of the covered perils include wind damage, vandalism, fire, lightning, theft and more. When searching for the best homeowners insurance cover in Alabama, it is vital to take note of what homeowners insurance policy covers and what it does not cover against. As a norm, homeowners insurance policy will not cover flood damage. If you want this coverage, you are going to have to purchase a unique flood insurance cover from the insurance company. The advantage of having homeowners insurance in Alabama is that the area is prone to some natural disaster such as hurricanes. This accounts for the high cost of homeowners insurance, but it can help prevent you from having to spend a fortune on new property and possessions in the event of a disaster covered peril. The homeowners' insurance cover in Alabama also includes detached structures such as garages and other structures such as sheds or building. It also covers your personal possessions.
| Costs of Home Insurance in Alabama by County | Monthly Average Costs | Yearly Average Costs |
|---|---|---|
| Autauga County, AL | $105.08 | $1,261.00 |
| Baldwin County, AL | $139.08 | $1,669.00 |
| Barbour County, AL | $114.33 | $1,372.00 |
| Bibb County, AL | $104.50 | $1,254.00 |
| Blount County, AL | $110.92 | $1,331.00 |
| Bullock County, AL | $126.33 | $1,516.00 |
| Butler County, AL | $113.83 | $1,366.00 |
| Calhoun County, AL | $108.08 | $1,297.00 |
| Chambers County, AL | $105.50 | $1,266.00 |
| Cherokee County, AL | $114.42 | $1,373.00 |
| Chilton County, AL | $101.50 | $1,218.00 |
| Choctaw County, AL | $118.33 | $1,420.00 |
| Clarke County, AL | $116.92 | $1,403.00 |
| Clay County, AL | $107.08 | $1,285.00 |
| Cleburne County, AL | $105.75 | $1,269.00 |
| Coffee County, AL | $112.42 | $1,349.00 |
| Colbert County, AL | $108.50 | $1,302.00 |
| Conecuh County, AL | $118.00 | $1,416.00 |
| Coosa County, AL | $105.83 | $1,270.00 |
| Covington County, AL | $120.08 | $1,441.00 |
| Crenshaw County, AL | $113.33 | $1,360.00 |
| Cullman County, AL | $106.17 | $1,274.00 |
| Dale County, AL | $109.08 | $1,309.00 |
| Dallas County, AL | $119.75 | $1,437.00 |
| Dekalb County, AL | $112.25 | $1,347.00 |
| Elmore County, AL | $100.17 | $1,202.00 |
| Escambia County, AL | $127.42 | $1,529.00 |
| Etowah County, AL | $106.58 | $1,279.00 |
| Fayette County, AL | $113.25 | $1,359.00 |
| Franklin County, AL | $115.25 | $1,383.00 |
| Geneva County, AL | $118.83 | $1,426.00 |
| Greene County, AL | $130.83 | $1,570.00 |
| Hale County, AL | $109.33 | $1,312.00 |
| Henry County, AL | $108.67 | $1,304.00 |
| Houston County, AL | $108.25 | $1,299.00 |
| Jackson County, AL | $111.92 | $1,343.00 |
| Jefferson County, AL | $102.75 | $1,233.00 |
| Lamar County, AL | $111.17 | $1,334.00 |
| Lauderdale County, AL | $111.67 | $1,340.00 |
| Lawrence County, AL | $113.92 | $1,367.00 |
| Lee County, AL | $96.83 | $1,162.00 |
| Limestone County, AL | $103.25 | $1,239.00 |
| Lowndes County, AL | $126.83 | $1,522.00 |
| Macon County, AL | $111.58 | $1,339.00 |
| Madison County, AL | $103.33 | $1,240.00 |
| Marengo County, AL | $111.92 | $1,343.00 |
| Marion County, AL | $119.08 | $1,429.00 |
| Marshall County, AL | $111.25 | $1,335.00 |
| Mobile County, AL | $140.92 | $1,691.00 |
| Monroe County, AL | $121.25 | $1,455.00 |
| Montgomery County, AL | $98.83 | $1,186.00 |
| Morgan County, AL | $104.75 | $1,257.00 |
| Perry County, AL | $130.83 | $1,570.00 |
| Pickens County, AL | $108.25 | $1,299.00 |
| Pike County, AL | $108.08 | $1,297.00 |
| Randolph County, AL | $108.33 | $1,300.00 |
| Russell County, AL | $107.58 | $1,291.00 |
| Shelby County, AL | $92.00 | $1,104.00 |
| St. Clair County, AL | $105.25 | $1,263.00 |
| Sumter County, AL | $125.58 | $1,507.00 |
| Talledega County, AL | $107.08 | $1,285.00 |
| Tallapoosa County, AL | $100.67 | $1,208.00 |
| Tuscaloosa County, AL | $104.75 | $1,257.00 |
| Walker County, AL | $123.00 | $1,476.00 |
| Washington County, AL | $152.58 | $1,831.00 |
| Wilcox County, AL | $122.17 | $1,466.00 |
| Winston County, AL | $126.58 | $1,519.00 |
Top Rated Homeowners Insurance Companies in Alabama Based on Ratings
Finding the best Alabama homeowners insurance company can be daunting, especially when you have no idea where to start from. We have put up a list of the best homeowners insurance companies in Alabama based on J.D. power ranking, a trusted rating agency for insurance companies. We factored in their coverage options, overall customer satisfaction, price and customer service for this our little Alabama homeowners insurance companies list. Some of the best companies offering homeowners insurance in Alabama include Alabama Farmers Federations (ALFA), Allstate, Amica, Auto-Owners and State Farm. Amica homeowners insurance in Alabama has the best homeowners insurance product in the market. According to J.D. Power, Amica earned 5 out of 5 stars for its excellent customer service and overall customer satisfaction. Amica has an AM Best Rating of A+ and BBB Rating of A+. It is, without a doubt, one of the best in the state. Alabama Farmers Federations (ALFA) does not make it into the J.D. Power ranking, but it is an excellent homeowners insurance option for those interested in supporting local agricultural communities.
| Alabama Home Insurance Company | JD Power Rating | NAIC Rating |
|---|---|---|
| State Farm Ratings for Homeowners Insurance in Alabama | 4/5 | 0.2 |
| Alfa Ratings for Homeowners Insurance in Alabama | N/A | 0 |
| Allstate Ratings for Homeowners Insurance in Alabama | 3/5 | 0.31 |
| USAA Ratings for Homeowners Insurance in Alabama | 5/5 | 0.15 |
| Farmers Ratings for Homeowners Insurance in Alabama | 3/5 | 0.39 |
| Travelers Ratings for Homeowners Insurance in Alabama | 2/5 | 0.3 |
| Liberty Mutual Ratings for Homeowners Insurance in Alabama | 2/5 | 0.53 |
| Nationwide Ratings for Homeowners Insurance in Alabama | 2/5 | 0.31 |
| Auto-Owners Insurance Co. Ratings for Homeowners Insurance in Alabama | 4/5 | 0.21 |
| COUNTRY Ratings for Homeowners Insurance in Alabama | 3/5 | 0.13 |
| Cincinnati Insurance Ratings for Homeowners Insurance in Alabama | N/A | 0.18 |
| MetLifeC Ratings for Homeowners Insurance in Alabama | 3/5 | 0.19 |
| Centauri Insurance Ratings for Homeowners Insurance in Alabama | N/A | 0 |
How to Lower Homeowners Insurance in Alabama
The average price of homeowners insurance in Alabama is about $1,850 per year. This makes it almost $800 more expensive than the U.S. national average cost of homeowners insurance which is about $1,083. If you are looking for Alabama homeowners insurance discounts, why not first compare different homeowners' insurance companies and see if one will fit your needs? The cheapest homeowners insurance in Alabama is Cincinnati Insurance. It has simple homeowners insurance coverage, which cost about $820 per year. The most expensive homeowners insurance company in Alabama is Auto-Owners Insurance. Depending on location, its insurance coverage can cost more than $5,000.Another way and the most obvious one is to get Alabama homeowners insurance discounts from different homeowners insurance providers in Alabama. In Alabama, homeowners insurance companies offer discounts as an incentive to attract more buyers for their homeowners' insurance products. Alabama homeowners insurance rates increasing in 2021 is the most likely trend as predicted by insurance experts. You can also reduce your homeowners' insurance cost in Alabama by increasing your deductibles. Deductibles are what you pay towards a loss before the insurance company processes a claim. Also, homeowners insurance companies will offer you a discount if you are using more than one of its insurance products.
Compare Homeowners Insurance in Alabama Before Buying
Comparing homeowners insurance in Alabama is the best way to find the best homeowner insurance suitable for your needs. It is quite challenging to shop around for all the homeowners' insurance companies in Alabama and attempt to compare them one by one. Spoiler alert, they are far more than the ones mentioned here. Alabama Farmers Federations (ALFA), Allstate, Amica, Auto-Owners and State Farm are just a few. Finding affordable homeowner insurance in Alabama is not the easiest of tasks. When shopping for homeowners insurance in Alabama, you want to take into consideration its price quotes, what the homeowners' insurance cover and what it does, its overall customer satisfaction and its claim processing speed. In the course of looking for cheap homeowners insurance in Alabama, you do not want to buy one that is not of much use to you in the event of damage.