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When shopping for Alabama homeowners insurance it's important to review coverage options and know what types of discounts are available to you. First, know your policy and what's being covered under your standard homeowners insurance package. And make sure that if you are in a flood zone area near the coastal region of Alabama like Mobile or Dothan that you purchase a separate policy to cover floods, because flood insurance is not part of a standard homeowners insurance policy. Second, ask our agents about disounts, since 1985 our agents have been working with homowners like you to help you get the coverage you need. We offer a free consultation process and can answer any home insurance question you have about being a homeowner in Alabama. Here are some other helpful home insurance tips to help you apply for additonal discounts:
- Home Security System - get a home security alarm to help protect your home against theft
- Smoke Alarms - protect your home from a fire and get alerts fast in case of a fire
- No Smokers - because smoking is a risk to your health and can cause fires, discounts are available to non-smokers
Average Homeowners Insurance Premiums in Alabama
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Alabama homeowners are paying on average. Did you know that the average homeowners insurance premium in Alabama is $1501? Alabama is now ranked 11 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Alabama is 14.49% more than the national average.
|Year||Average Annual Premium||Average Monthly Premium||State Rank (Overall)|
|2020||$1501 (2.6%)||$ 125||11|
|2019||$1463 (3.8%)||$ 122||12|
|2018||$1409 (-1.69%)||$ 117||13|
|2017||$1433 (3.33%)||$ 119||12|
|2016||$1386 (2.04%)||$ 116||12|
When we combine the state averages over the last decade, the Alabama overall average is estimated to be around $1,329.67. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Alabama current state rank compare to the rest of the country is #11. Consider shopping your Alabama home insurance with us so we can help you save up to 40% or more on your policy.
Find Local AL Homeowners Insurance Quotes & Coverage
For more information on homeowners insurance in your area, choose a county below:
- De Kalb
- Saint Clair
Alabama Homeowners Insurance News & Information
Did you know? Your Home Insurance Doesn’t Cover… Posted on Wednesday 29th November, 2023
While homeowners insurance covers a variety of perils and protects your home and personal possessions, it does come with a number of exclusions and coverage gaps that can result in you having to cover the cost of certain damage out of pocket. Let’s have a quick look at what your homeowners policy does and doesn’t […]
2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023
The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies. Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]
What Is the 80/20 Rule In Homeowners Insurance? Posted on Wednesday 8th November, 2023
If you are purchasing a home, your lender will require that you carry homeowners insurance to protect their investment in your home. Homeowners coverage will help cover the cost of repairing or replacing your home if it is damaged or destroyed by a covered peril. Covered perils can include items such as a hurricane or […]
Fall 2023: Florida Homeowners Insurance Premium Update Posted on Tuesday 24th October, 2023
Despite the fact that the Florida legislation finally passed a couple of bills to deal with the ever-increasing cost of homeowners insurance, it seems unlikely that premiums will start to fall anytime soon according to a report put out by Karen Clark & Company (KCC), a risk modelling firm. The recent report, titled “Managing Expectations: […]
Are hardwood floors covered by my homeowners insurance? Posted on Friday 20th October, 2023
Hardwood floors can be expensive to repair or replace if they are damaged and a question that many homeowners have is whether or not hardwood floors are covered by their homeowners insurance. The good news is that in most cases, your damage will be covered as long as it is caused by a covered peril. […]
Alabama Housing & Real Estate Data
|Total Housing Units||2171853|
|Occupied Housing Units||1883791|
|Vacant Housing Units||288062|
|Vacant Housing Units for Rent||79265|
|Vacant Housing Units Rented Not Occupied||3761|
|Vacant Housing Units For Sale||35903|
|Vacant Housing Units Sold Not Occupied||9227|
|Vacant Housing Units For Seasonal Occasional Use||63890|
|Vacant Housing Units All Other Vacants||96016|
|Housing Units Homeowner Vacancy Rate Percent||2.6|
|Housing Units Rental Vacancy Rate Percent||12.1|
|Housing Tenure Occupied Units||1883791|
|Housing Tenure Occupied Units Owner Occupied||1312589|
|Housing Tenure Occupied Units Owner Occupied Population||3311304|
|Housing Tenure Occupied Units Owner Occupied Averge Household Size||2.52|
|Housing Tenure Occupied Units Renter Occupied||571202|
|Housing Tenure Occupied Units Renter Occupied Population||1352616|
|Housing Tenure Occupied Units Renter Occupied Average Household Size||2.37|
Understanding Alabama Homeowners Insurance
When shopping for Alabama homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for Alabama renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in Alabama, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Alabama rates and coverage options.