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The beauty of a condo is that it offers you the chance to own your very own place while sharing expenses like insurance and maintenance with other owners. You also get all sorts of amenities, making this an excellent investment.

Condo insurance is necessary for those who live in a condominium and it's better than just having insurance from the homeowners association. You want to make sure that you are fully covered in case of an emergency, and that your policy will protect you from any potential damage.

Read this guide to know about the best condo insurance companies in Alabama, average condo insurance cost, the most and least expensive zip codes for condo insurance, and condo insurance rates by carrier.

Best condo insurance companies in Alabama

In Alabama, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Alabama. Below are the best condo insurance companies in Alabama based on Insurance.com's analysis.

  • USAA
  • State Farm
  • Allstate
  • Nationwide
  • Safeco

Compare best condo insurance companies in Alabama

When it comes to finding the best condo insurance company in Alabama, it can be difficult to know where to start. There are a lot of different options out there, and it can be hard to figure out which company is the right fit for you.

That's why we've put together a list of the best condo insurance companies. We've compared the insurance providers based on their J.D. Power score and AM Best rating to help you make the right decision.

Among the carriers surveyed, USAA scored the highest J.D. Power score, it has earned 882 scores out of 1000 and A++ ratings from AM Best. However, USAA only offers services to military veterans and their families. If you don't qualify for condo insurance from USAA, you can consider purchasing insurance from State Farm. It has received 835 scores out of 1000 from J.D. Power and AM Best rated it A++.

Compare insurance carriers and their ratings to choose the one that best suits your needs.

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
Allstate829A+
Nationwide812A+
Safeco810A
Liberty Mutual806A
Travelers800A++

Average cost of condo insurance in Alabama

Condo owners in Alabama pay an average of $773 a year or $64 monthly for insurance coverage of $40,000 in personal property coverage, $100,000 in liability coverage, and $1000 as deductible. There are several factors that affect the price of condo insurance. The size and value of the condo are two key factors, as larger and more expensive condos will tend to have higher premiums.

As with most types of insurance, the best way to get a low rate on condo insurance is to shop around, compare quotes and coverage options from different providers. By comparing rates, you can find the policy that best fits your needs and budget.

Average annual premiumAverage monthly premium
$773$64

CONDO INSURANCE CALCULATOR

Average condo insurance rates in ALABAMA

$60,000
$1,000
$100,000
36110 - Montgomery
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $841

HIGHEST RATE: $2,474 LOWEST RATE: $228
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Most & least expensive zip codes for condo insurance in Alabama

Most Expensive

Zip CodeCityHighest Rate
36561Gulf Shores$2,050
36542Gulf Shores$2,028
36528Dauphin Island$1,951
36532Fairhope$1,846

Least Expensive

Zip CodeCityLowest Rate
35124Helena$764
35007Alabaster$765
35114Maylene$765
35080Helena$767

Condo insurance rates by companies in Alabama

Based on Insurance.com's rate analysis, Alfa Mutual is the cheapest condo insurance company in Alabama. Its average annual premium for Alabama residents is $353---$420 less than the state average ($773).

While the cost of condominium insurance will vary depending on your insurance provider, location, the coverage limits, and the deductible amount you choose. It's important to compare rates from multiple insurance companies to ensure you're getting the best deal.

Below are the companies that provide the most affordable condo insurance policies to Alabama condo owners along with their average annual premium.

CompanyAverage annual premium
Alfa Mutual$353
Nationwide$409
Allstate$453
Travelers$508
Safeco$698
State Farm$725
USAA$738
Liberty Mutual$909
LM Insurance$928
Fire Ins Exch$948
Garrison$1,023
Foremost$1,281