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Condo insurance isn’t required by law in Alabama, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.

Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.

To find the best condo insurance in Alabama, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in Alabama with average annual rates.

Key takeaways

  • The residents of Alabama pay an average of $726 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by Insurance.com, USAA is the top pick for the best condo insurance company in Alabama.
  • Alfa Corporation offers the cheapest condo insurance in Alabama at an average of $412 per year.

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 ratings of major insurers in Alabama. Below are the best condo insurance companies in Alabama based on Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
USAA884A++
4.2
State Farm829A++
3.9
Country Financial830A+
3.8
Nationwide816A+
3.5
Allstate815A+
3.2
Farmers792A
2.0

Average cost of condo insurance in Alabama

The average cost of condo insurance in Alabama is $726 a year or $61 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average Annual PremiumAverage Monthly Premium
$726$61

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: $796

HIGHEST RATE: $2,801 LOWEST RATE: $254

Most & least expensive zip codes for condo insurance in Alabama

Most Expensive

Zip CodeCityHighest Rate
36528Dauphin Island$1,849
36561Gulf Shores$1,780
36542Gulf Shores$1,774
36523Coden$1,631

Least Expensive

Zip CodeCityLowest Rate
35004Leeds$732
35146Springville$734
36832Auburn$736
35120Argo$737

Condo insurance rates by company in Alabama

Rates for condo insurance by company in Alabama vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Alabama. The cheapest company for condo insurance in Alabama is Alfa Corporation. Country Financial, and Nationwide, are the second and third cheapest options.

CompanyAverage Annual Rate
Alfa Corporation$412
Country Financial$522
Nationwide$546
State Farm$589
Auto-Owners$596
Allstate$715
USAA$841
Farmers$1,075

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

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