Alabama renters pay some of the highest renters insurance rates in the country, at an average $362 a year. This is largely due to extreme weather in the state. Alabama law does not require you to have renters insurance, but your landlord will likely require you to purchase it.
Our comprehensive guide to renters insurance in Alabama includes:
Cheapest renters insurance companies in Alabama
Although renters insurance is one of the cheapest types of insurance, you can save even more by comparing rates from multiple insurers. State Farm offers some of the cheapest renters insurance rates in Alabama, at an average $219 a year.
| Company | Average annual rate |
|---|---|
| State Farm | $219 |
| Allstate | $413 |
| Farmers | $622 |
| Travelers | $270 |
| Amica | $259 |
| Note: Average rates are based on online quotes from provider websites. Your rates may vary. | |
Cost of renters insurance in Alabama by city
The location of your rental affects your renters insurance rate. Among the largest cities in Alabama, residents pay the cheapest rates for renters insurance in Tuscaloosa, $313 a year.
| City | Average annual rate |
|---|---|
| Huntsville | $328 |
| Birmingham | $531 |
| Montgomery | $485 |
| Mobile | $632 |
| Tuscaloosa | $313 |
| Hoover | $370 |
| Auburn | $314 |
| Dothan | $328 |
| Decatur | $341 |
| Madison | $328 |
| Note: Average rates are based on online quotes from provider websites. Your rates may vary. | |
Best renters insurance companies in Alabama
State Farm and Amica are some of the best renters insurance companies in Alabama, based on our research.
State Farm
$219 yearly
State Farm has the cheapest average renters insurance rate in our study, at an average $219 a year. This puts State Farm at 40% below the statewide average renters insurance rate.
Along with cheap rates, State Farm offers a great multi-policy discount. You can save up to $684 on your auto insurance if you purchase both renters and auto insurance with State Farm. State Farm also has an A.M. Best Financial Strength Rating of A++, which shows that the company is in excellent financial health.
State Farm doesn't offer as many optional coverages compared to its competitors.
Amica Mutual
$259 yearly
Amica has the second-cheapest average rate in our study, at $259 a year, and also offers many discounts. You'll automatically get a discount if you pay your premium using autopay. If you purchase both renters and car insurance with Amica, you may save up to 15%. You could also be eligible for a loyalty discount if you’ve been a customer for at least two years. You can get an even higher discount the longer you stay.
Amica doesn't offer anything unique as part of their standard coverages.
Do I need renters insurance in Alabama?
While Alabama state law does not require you to carry it, landlords frequently require tenants to have renters insurance.
For instance, if someone is injured in your rental home and you're found responsible, you're expected to cover the medical and legal fees. Furthermore, if your belongings are damaged, your landlord's insurance won't cover their replacement.
Even if your landlord doesn't require you to have renters insurance, it's a good idea to get it anyway. For just a few dollars a month, you can protect your belongings, avoid potentially paying thousands of dollars in court costs and medical fees after an injury, and get other great coverage.
Renters insurance quotes in Alabama
A renters insurance policy covers your belongings if they are stolen or destroyed by a covered peril and extra living expenses if you have to relocate due to damages from a covered event. A renters policy also covers legal fees and medical bills that could arise if someone is injured in your rental or you accidentally damage someone's property.
In order to make sure you have the correct amount of personal property coverage for your belongings, we recommend making an inventory list that includes serial numbers, makes, models and receipts of your belongings.
After you choose an insurance company, you can usually visit their website to purchase a policy. You will need your personal information, information about your rental and the amount of personal property coverage you want.
Methodology
We collected quotes from 64 addresses in Alabama for a renters insurance policy. We used the following coverages:
- $30,000 personal property coverage
- $500 deductible
- $100,000 personal liability
- $1,000 medical payments to guests
- Loss of use: 30% of personal property coverage
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