State Farm and Nationwide are the best cheap renters insurance companies in Alabama. State Farm offers the best affordable rates and customer satisfaction, while Nationwide offers the best coverage options.
Cheap Renters Insurance in Alabama
Updated: April 22, 2025
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Key Takeaways
State Farm offers the cheapest renters insurance in Alabama, averaging $386 annually. It's also the best overall renters insurance company.
Renters insurance in Alabama costs an average of $41 per month, but rates range from $32 to $144.
To get the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Alabama Renters Insurance Quote Estimates
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Rates updated:
Apr 23, 2025
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Best Cheap Renters Insurance Companies in Alabama
| State Farm | 96 | $32 | $386 |
| Nationwide | 89 | $65 | $783 |
| COUNTRY Financial | 85 | $41 | $492 |
| Allstate | 83 | $58 | $700 |
| Travelers | 71 | $144 | $1,729 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Alabama
While the list above covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to match your profile, helping you find the best choice in Alabama.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 95 | $22 | $265 |
| Auto-Owners | 93 | $22 | $261 |
| Nationwide | 85 | $37 | $441 |
| COUNTRY Financial | 82 | $28 | $338 |
| Allstate | 74 | $41 | $489 |
Best Alabama Renters Insurance Reviews
Below are more details about our top picks for affordability and coverage options for renters insurance in Alabama.
State Farm: Most Affordable Plans
pros
Most affordable rates
Large discount offering selection
High financial stability ratings
cons
Below-average customer satisfaction rating
COMPANY HIGHLIGHTS
State Farm offers the lowest renters insurance rates in Alabama, starting at $32 monthly. It also offers discounts for home alert systems and retirees. However, the company has lower-than-average J.D. Power ratings for claims satisfaction, though it ranks seventh for customer satisfaction.
Nationwide: Best for Coverage Options
pros
Affordable rates for higher coverage
Most extensive add-on coverage selection
High claims satisfaction ratings
cons
Lower-than-average customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Nationwide is the second-best renters insurance company in Alabama, with solid scores in affordability, coverage and customer service. J.D. Power ranks it 12th out of 15 for customer satisfaction and sixth out of 18 for claims satisfaction. It offers unique coverage options, including credit card coverage and add-ons to replace selected personal property up to its actual cash value.
Average Cost of Renters Insurance in Alabama
Renters insurance in Alabama costs around $41 monthly, $21 higher than the national average of $20. These rates are based on policies with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible.
Your actual rate may vary depending on your profile. Check our table below to filter major factors affecting renters insurance premiums and find average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $41 | $489 |
Average Alabama Renters Insurance Cost by City
Renters insurance costs vary widely by city. The average annual premium in Birmingham is $376, while in Huntsville, it's $321 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.
| Birmingham | $376 |
| Huntsville | $321 |
| Mobile | $603 |
| Montgomery | $360 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Alabama Renters Insurance: Buyer's Guide
Finding the right renters insurance in Alabama can be challenging with so many choices. This guide will help you select the best coverage for your needs.
How to Find the Best Cheap Renters Insurance in Alabama
With many options available, finding the best and cheapest renters insurance for your situation can be difficult. Follow this step-by-step guide to determine the right coverage:
- 1
Determine the right coverage level
Evaluate what you want insured and its value to determine how much coverage you need. Consider weather risks, crime and pet-related factors.
- 2
Research costs and discounts
After determining your coverage needs, research average costs for your profile. This provides a benchmark to ensure you're getting a good deal. Look for discounts you might qualify for to save more.
- 3
Compare providers
Research provider reputations, average costs and coverage options to narrow down where to get quotes and find the best fit.
- 4
Consider bundling
Check if bundling renters and auto insurance with your current provider can save you money. Often, the savings on auto insurance can cover the cost of renters insurance entirely.
- 5
Compare multiple quotes through different channels
Gather at least five comparable quotes to find the best deal. Explore comparison sites, provider websites, brokers and contact agents directly, as quotes vary.
- 6
Compare policies annually
Insurance prices change frequently. To avoid overpaying, reassess your options yearly to ensure you still get the most affordable rate.
How Much Renters Insurance Do I Need in Alabama?
Renters insurance isn't required by law in Alabama, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pet ownership. Consider how much property you want covered, weather risks, crime in your area and if you own a pet.
Use our calculator below to determine your ideal personal property limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Alabama Renter Risk Considerations
Alabama renters face certain risks that may require additional insurance coverage:
- Weather risks: Alabama has a high risk of hurricanes and tornadoes in some areas. Standard coverage may not protect against these threats, requiring a separate purchase.
- Crime risks: Alabama ranks 26th nationwide for property crime and 16th for identity theft and fraud. Consider add-ons or supplemental property damage coverage.
- Pet ownership: You might need pet liability coverage depending on your pet. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on rented property. Look for companies offering specific add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability for harm to others and loss of use related to your rental home. Additional coverage options can make your policy more comprehensive. Common types of renters insurance coverage include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses you for personal property within your rental up to a specified limit. Without replacement cost coverage, reimbursement is based on the item's actual cash value, not the original purchase price. Replacement cost coverage ensures you receive a new item of a similar kind and quality. | |
Standard | Protects you if someone is injured on your property. It covers medical expenses and legal costs and is often required by landlords. | |
Additional living expenses | Standard | Helps with expenses like meals, lodging and transportation if you lose access to your rental home. The limit is either a percentage of your personal property coverage or a flat amount, depending on the insurer. |
Natural disasters | Add-on | Covers personal property damage caused by earthquakes and floods. Separate policies for these disasters are available through select providers. |
Parts/Equipment | Add-on | Separate policies that cover tools, appliances and utilities in your rental home |
Scheduled property | Add-on | Allows you to insure certain valuable items up to a specified limit |
Identity theft | Add-on | Protects you financially from identity theft, covering stolen funds and legal costs. Some policies also offer monitoring services to help prevent identity theft. |
Pet liability | Add-on | Protects against injuries caused by your pet on your rental property, though a standard policy may cover this |
Modifications | Add-on | Covers parts of your rental property that aren't original, including custom additions and modifications |
Food loss | Add-on | Reimburses you for food lost due to covered incidents |
Best Renters Insurance in Alabama: Bottom Line
State Farm and Nationwide are the best and cheapest renters insurance companies in Alabama. While these are strong options, compare multiple companies and quotes to find the best deal for your needs.
Renters Insurance in Alabama: FAQ
Review our experts' answers to frequently asked questions below:
What is the cheapest renters insurance company in Alabama?
State Farm offers the cheapest renters insurance in Alabama, with an average premium of $386 annually or $32 monthly.
What is the best renters insurance company in Alabama?
State Farm is the best renters insurance company in Alabama, earning a MoneyGeek score of 96 out of 100 for its affordability and customer satisfaction.
How much does renters insurance cost in Alabama?
The average cost of renters insurance in Alabama is $489 per year or $41 per month, 102% more than the national average. Annual premiums range from $386 to $1,729.
Is renters insurance required in Alabama?
Renters insurance isn't legally required in Alabama, though landlords may require it. Consider getting coverage for financial protection against common perils and potential liability costs from injuries on your property.
How We Found the Best Cheap Renters Insurance Companies
We based our affordability score (60% of the total score) on quotes for a profile with:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
Our complete scoring also considered:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed April 21, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 21, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 21, 2025.