- Best condo insurance companies in Alabama
- Average condo insurance cost in Alabama
- Condo insurance rates in Alabama by company and coverage level
- Condo insurance rates by company in Alabama
- Compare condo insurance rates by city in Alabama
- Methodology
- FAQ
- Compare Alabama condo insurance rates with other states
Best condo insurance companies in Alabama
Based on our analysis, Alfa Insurance is the best condo insurance company in Alabama among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Alabama, based on our research.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Alfa Insurance | $320 | A | 0.18 | |
| Country Financial | $567 | A+ | 0.23 | |
| State Farm | $536 | A+ | 1.15 | |
| Nationwide | $589 | A | 1.34 | |
| Travelers | $1,082 | A++ | 0.91 | |
| Farmers | $914 | A | 0.89 | |
| Auto-Owners | $1,318 | A+ | 0.39 | |
| USAA | $660 | A++ | 0.46 |
Average condo insurance cost in Alabama
The average cost of condo insurance in Alabama is $902 per year or $75 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $902 |
| Average monthly premium | $75 |
Condo insurance rates in Alabama by company and coverage level
Alfa Insurance provides the lowest condo insurance rates in Alabama for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is State Farm, with an annual rate of $536. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Alfa Insurance | $271 | $285 | $306 | $319 | $331 | $344 | $350 | $364 |
| State Farm | $484 | $492 | $529 | $536 | $572 | $580 | $626 | $634 |
| Country Financial | $442 | $442 | $567 | $567 | $686 | $686 | $796 | $796 |
| Nationwide | $517 | $517 | $589 | $589 | $668 | $668 | $747 | $748 |
| Farmers | $759 | $780 | $892 | $914 | $1,011 | $1,033 | $1,133 | $1,154 |
| Allstate | $730 | $758 | $931 | $959 | $1,144 | $1,172 | $1,390 | $1,418 |
| Auto-Owners | $1,014 | $1,040 | $1,283 | $1,309 | $1,601 | $1,627 | $1,919 | $1,945 |
| Travelers | $2,463 | $2,548 | $2,883 | $2,981 | $3,258 | $3,373 | $3,738 | $3,874 |
| USAA | $560 | $560 | $660 | $660 | $743 | $743 | $814 | $814 |
Condo insurance rates by company in Alabama
The most affordable company is Alfa Insurance, with State Farm and Country Financial ranking as the second and third cheapest. Since condo insurance rates in Alabama vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Alabama.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Alfa Insurance | $319 | $27 |
| State Farm | $536 | $45 |
| Country Financial | $567 | $47 |
| Nationwide | $589 | $49 |
| Farmers | $914 | $76 |
| Allstate | $959 | $80 |
| Auto-Owners | $1,309 | $109 |
| Travelers | $2,981 | $248 |
| USAA | $660 | $55 |
Compare condo insurance rates by city in Alabama
Condo insurance rates in Alabama vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Alabama?
No, condo insurance is not require by law in Alabama, but your mortgage company will require it.
What does condo insurance typically cover in Alabama?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Alabama?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
