Best & Cheapest Homeowners Insurance in Birmingham, AL 2024
Allstate offers the cheapest home insurance rates in Birmingham, with an average yearly cost of $1,014.
After thoroughly evaluating homeowners insurance providers in Birmingham, AL, Allstate stands out as the most affordable option, with average annual rates of $1,014. However, it’s important to understand that the best choice for you may depend on your specific circumstances and needs.
For example, if you own an older home, Allstate offers competitive rates at $1,370 per year, along with comprehensive coverage. On the other hand, if you have a lower credit score, USAA provides the most economical option with an average annual premium of $1,429.
Conversely, if you have a newly constructed home, Allstate remains the most cost-effective solution at $789 per year.
Lastly, if you have valuable personal property that needs protection, Nationwide is the top choice, offering extensive coverage at a reasonable $1,213 per year.
Our detailed analysis at Insuranceopedia aims to help you find the perfect fit for your homeowners insurance needs. By comparing customer ratings, evaluating personal experiences, and providing comparison charts, we offer all the essential information to empower you to make an informed decision.
How much is homeowners insurance in Birmingham, AL?
In Birmingham, Allstate provides the lowest rate at $1,014 per year.
As shown below, rates in Birmingham are below the national average. Moreover, Birmingham rates are also lower than the average rate in the state of Alabama.
| Area | Average Monthly Rate |
| National | $1,820 |
| Alabama | $2,385 |
| Birmingham | $1,450 |
It’s important to recognize that rates are not universal; they can vary significantly based on numerous factors.
Cheapest Homeowners Insurance in Birmingham, AL
Our Methodology
To discover the most budget-friendly home insurance rates in Birmingham, we examined data from different home insurance review websites, including some that obtained rates from public filings by Quadrant Information Services. We calculated the average of these rates for our review. However, it's crucial to understand that rates from each company can change often and will be influenced by your individual circumstances. Furthermore, our overall rating takes into account my subjective opinion, drawing from fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance policies.
Quotes Analyzed
Brands Reviewed
Years Of Experience
Research Hours
Cheapest Overall Home Insurance In Birmingham, AL
Overall, Allstate offers the most affordable homeowners insurance option in Birmingham, AL, with an average annual rate of $1,014.
| Company | Annual Premium |
| Allstate | $1,014 |
| Nationwide | $1,132 |
| Country Financial | $1,157 |
| State Farm | $1,694 |
| Auto-Owners | $1,731 |
The cost of your policy is affected by several factors, including where you live, the value of your home, and your claims history. Allstate provides a good balance of affordability and comprehensive coverage.
Cheapest Homeowners Insurance In Birmingham If You Have an Older Home
Allstate provides the most affordable rates for individuals with older homes, averaging $1,370 per year.
| Insurance Company | Average Annual Premium |
| Allstate | $1,370 |
| Farmers | $1,415 |
| State Farm | $1,758 |
| Country Financial | $3,197 |
Older homes often come with unique risks and maintenance challenges that can lead to higher insurance costs. However, Allstate offers competitive rates and comprehensive coverage tailored to address the specific needs of older homes.
Cheapest home insurance If You Have Poor Credit
For individuals with less-than-stellar credit scores, USAA provides the most affordable solution, with an average annual rate of $1,429.
| Insurance Company | Average Annual Premium |
| USAA | $1,429 |
| Nationwide | $2,073 |
| Travelers | $2,380 |
| MetLife | $2,640 |
| State Farm | $3,599 |
Your credit score plays a significant role in determining your insurance premium because insurers use it to assess risk. USAA believes in providing fair coverage to all, regardless of financial background.
Cheapest Homeowners Insurance for Newly Constructed Homes
For those who have recently purchased a newly constructed home, Allstate provides the most affordable solution, with an average annual rate of $789.
| Insurance Company | Average Annual Premium |
| Allstate | $789 |
| USAA | $845 |
| Nationwide | $920 |
| State Farm | $1,019 |
| Country Financial | $1,480 |
Newly built homes may require different insurance coverage compared to older ones, and Allstate stands out for providing cost-effective policies customized to these unique requirements.
Cheapest Home Insurance for Lots of Personal Property
If you own a significant amount of personal property, Nationwide offers the most budget-friendly rates, averaging $1,213 per year.
| Insurance Company | Average Annual Premium |
| Nationwide | $1,213 |
| USAA | $1,437 |
| Allstate | $1,548 |
| State Farm | $1,598 |
| Auto-Owners | $1,730 |
As the amount of your personal property increases, your coverage needs also go up, potentially leading to higher premiums. Nationwide offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected.
Best Homeowners Insurance Companies in Birmingham, AL
In Birmingham, AL, selecting the right homeowners insurance isn’t just crucial; it’s strategic. With its rich history and diverse cultural heritage, Birmingham’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates is essential.
To simplify your decision-making process, we’ve gathered a list of the top homeowners insurance companies in Birmingham, AL. These companies have been evaluated based on criteria such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Check out our comparison chart below to find the ideal fit for your home insurance needs.
| Ranking | Company | Annual Premium |
| 1 | Allstate | $1,014 |
| 2 | Nationwide | $1,132 |
| 3 | Country Financial | $1,157 |
| 4 | State Farm | $1,694 |
| 5 | USAA | $1,210 |
| 6 | MetLife | $1,264 |
| 7 | Auto-Owners | $1,731 |
Average Home Insurance Rates by Zip Codes
The cost of homeowners insurance in Birmingham, AL can vary significantly depending on the zip code. Below are tables displaying rates for different zip codes in Birmingham, as well as the least expensive and most expensive zip codes in the area for yearly home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 35294 | $2,413 |
| 35242 | $1,661 |
| 35249 | $2,397 |
| 35244 | $1,858 |
| 35254 | $2,586 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 35244 | $1,858 |
| 35242 | $1,661 |
| 35243 | $1,843 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 35294 | $2,413 |
| 35254 | $2,586 |
| 35249 | $2,397 |
Average Home Insurance Rates in Birmingham, AL by Deductible Amount
The deductible you choose for a homeowners insurance policy can have a significant impact on the premium rates in Birmingham, AL. Here’s how the average home insurance rates vary with different deductible amounts from insurers:
| Deductible Amount | Annual Rate |
| $500 | $1,450 |
| $1,000 | $1,376 |
| $2,000 | $1,288 |
| $5,000 | $1,091 |
Average Home Insurance Rates in Birmingham, AL By Coverage Amount
A crucial factor that affects your premium is the dwelling coverage amount. This represents the maximum sum your insurance provider will pay to rebuild or repair your home if it’s damaged or destroyed. Let’s examine a comparison chart that displays the average annual homeowners insurance premiums for different dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $100,000 | $1,317 |
| $200,000 | $1,444 |
| $300,000 | $1,781 |
| $350,000 | $1,830 |
| $400,000 | $2,020 |
Average Home Insurance Rates in Birmingham, AL by Company
Below is a comparison table displaying annual premiums from some of the top providers in Birmingham, Alabama:
| Company | Annual Premium |
| Allstate | $1,014 |
| Nationwide | $1,132 |
| Country Financial | $1,157 |
| State Farm | $1,694 |
| USAA | $1,210 |
| MetLife | $1,264 |
| Auto-Owners | $1,731 |
How Much is Homeowners Insurance for Other Cities in Alabama?
Here is a detailed comparison chart highlighting the cheapest companies and their annual premiums across various cities in Alabama:
| City | Annual Premium |
| Huntsville | $1,154 |
| Athens | $1,370 |
| Mobile | $2,212 |
| Montgomery | $1,156 |
Getting Online Homeowners Insurance Quotes in Alabama
Platforms like Insuranceopedia make it easy to find the best coverage for your specific needs. With fast online quotes from top-rated insurers, Insuranceopedia allows you to compare rates effortlessly. Simply enter your details, and we’ll provide you with a variety of options tailored to your needs.
This enables you to confidently select a policy that offers the best value, balancing cost and comprehensive coverage.
FAQs
Who has the cheapest home insurance in Birmingham, AL?
Allstate offers the most affordable home insurance in Birmingham, Alabama, with an annual premium of $1,014.
What is the average cost of home insurance in Birmingham, AL?
The average annual cost of homeowners insurance in Birmingham, Alabama, is around $1,450.
