Our editorial team analyzed regional and national home insurance companies that sell policies in Birmingham to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
The average cost of homeowners insurance in Birmingham, Alabama, is $2,601 per year, according to Insurify data. The average assumes a $300,000 policy and a $1,000 deductible. Your home insurance premium may be higher or lower, as it’ll vary based on your location, the age of your home, unique risk factors, and more.
Birmingham homes face risk from fire, wind, and flooding, and you may need additional coverage to help protect your home.1
Best home insurance companies in Birmingham
Birmingham residents have many different home insurance companies to choose from. The best home insurance company for you depends on your needs and budget.
Here, you’ll find some of the best options for homeowners insurance in Birmingham based on premiums, coverage options, discounts, and customer service ratings.
Best company for cheap rates: Allstate
Best company for discounts: Travelers
Best company for older homes: Foremost
Cheapest home insurance companies in Birmingham
If you’re looking for cheap homeowners insurance in Birmingham, Allstate has the lowest rates. Here, you can see which other insurance companies offer cheap home insurance in Birmingham and their average annual premiums.
How much is home insurance in Birmingham?
The average cost of homeowners insurance in Birmingham is $2,601 for a $300,000 policy with a $1,000 deductible.
Home insurance costs fluctuate based on the age of the home, location, building materials, dwelling coverage level, fire protection services, your deductible, and weather-related events in your area.
Cost of home insurance by dwelling coverage in Alabama
A major part of your home insurance is your dwelling coverage. Your dwelling coverage limit is the amount it costs to fully replace or repair the structure of your property.
You may need to get a certain limit if you have a mortgage, though it’s possible to get higher levels of coverage. But your coverage limit correlates with the cost of your premium. Higher levels of coverage mean paying higher insurance premiums.
Here, you can see how your average annual premium shifts based on your coverage limit. All figures account for a $1,000 deductible.
Cost of homeowners insurance by deductible amount
If you file a home insurance claim, you typically need to cover the deductible. A deductible is the portion that you pay before your insurer steps in to cover a claim. A low deductible can result in a higher premium, whereas a high deductible can help lower your premiums.
Here, you can see how your premium can shift for $300,000 in dwelling coverage based on your deductible.
Average cost of home insurance in other cities in Alabama
The average cost of home insurance differs by city and even ZIP code within the same city, so no two home insurance quotes are the same. Specific risks like crime and weather-related events can spike rates as well.
Historical FBI data shows that Birmingham has higher levels of property crime and burglary.3 Some parts of the state can also be prone to wildfires and floods, which can affect rates.
Here, you can see how rates shift in different cities around Alabama. All average annual premiums are for $300,000 in dwelling coverage with a $1,000 deductible.
What to know about owning a home in Birmingham
The average home value in Birmingham, Alabama, is $125,944.4 While homeownership may be more accessible there than in other parts of the country, other factors can affect your home’s value and the cost of insurance.
These risks include flooding, severe wind, and tornadoes. Additionally, wildfires may pose a high or extreme risk to 803 communities and a moderate risk to 6,683 communities, according to the Alabama Forestry Commission.5
Alabama homeowners must purchase flood insurance separately from a standard home insurance policy. You can buy flood insurance through the National Flood Insurance Program (NFIP) on the FloodSmart.gov website. Luckily, standard home insurance covers regular fires and wildfires.
It’s important to consider the unique risks in your particular area. That may mean getting supplemental coverage in addition to your standard home insurance policy.
Birmingham home insurance FAQs
If you’re looking for home insurance in Birmingham, Alabama, here are some answers to frequently asked questions that can help you in your search.
The average cost of home insurance in Birmingham is $217 per month, or $2,601 per year, according to Insurify data. If you’re in a high-risk area, your lender may require you to get flood insurance, which can affect the total costs. You may also pay more or less for standard coverage depending on the risks in your area.
Allstate has the cheapest homeowners insurance in Birmingham, with an average annual cost of $1,344 for a $300,000 dwelling coverage policy. But remember that the cheapest coverage for you may be with another insurer, based on your unique risk factors. That’s why it’s important to compare quotes from several companies before making a decision.
The average cost of homeowners insurance in Alabama for a $300,000 dwelling coverage policy is $4,317 per year. Alabama home insurance costs vary based on different factors and depend on your specific insurance policy.
To help lower the cost of homeowners insurance in Birmingham, you can increase your deductible, bundle multiple insurance policies, improve your credit, and review potential discounts.
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