Choosing the best renters insurance involves settling on a provider that balances affordable rates with protective coverage and consistent customer service. To help you pick the best renters insurance coverage for you, we gathered 100 quotes from across Alabama.
Compare Renters Insurance Quotes from Providers in Alabama
The lowest price we found in Alabama was $18 per year, for an annual total of $219. Below, we've taken a close look at the cheapest renters insurance in the state, along with other suggestions for quality coverage.
Best for most renters
Most affordable renters insurance
Best for complete coverage
Best renters insurance for most people: State Farm
- Very affordable renters insurance premium
- Highly rated customer service
- Few ways to customize your policy
The best renters insurance in Alabama is State Farm. Although it isn't the cheapest provider, State Farm is only a few cents more per month than the cheapest provider. The cost of State Farm renters insurance is a little over $18 per month, or $220 per year. State Farm is 37% cheaper than the average cost of renters insurance in Alabama — where premiums can be among the most expensive in the country.
We recommend State Farm for its consistent customer service. Of the companies we surveyed, State Farm is the most well-regarded by its policyholders. It receives few complaints for its size — notable for the insurer's vast market share. Additionally, J.D. Power rates State Farm the third-best renters insurance company in the U.S.
While State Farm combines great prices and service, it lacks ways to improve its basic policy through upgrades or endorsements. You can increase the protection your policy affords to valuable items, such as jewelry. You can also purchase more liability coverage. However, a basic policy should fit the needs of most renters.
Most affordable renters insurance: Liberty Mutual
- Cheapest coverage in Alabama
- Customizable forms of protection
- Mixed customer service
- Low coverage limits
On average, Liberty Mutual offers the cheapest renters insurance in Alabama. Coverage costs $18 per month — cheaper than State Farm's policies by a tiny amount. The difference is that Liberty Mutual's policyholders have more chances to further reduce their premiums. The insurer offers a range of easily attainable discounts, such as:
- Remaining claim free or having a clean insurance history
- Purchasing a policy after getting an online quote
- Bundling with another form of protection from Liberty Mutual
- Living in a house with security devices
- Signing up for automatic payments
Liberty Mutual's standard policies resemble the protections most commonly provided by many other renters insurance companies. You can add a few useful endorsements, too, including replacement cost coverage — a form of coverage that ensures your lost property will be reimbursed for its full value, with wear-and-tear unaccounted for.
Despite its affordability and policy features, we don't recommend Liberty Mutual for everyone. Its policies are only available for up to $25,000 of property protection. Liberty Mutual's customer service is also weak. It receives the most complaints relative to its market share of all the companies we analyzed. The insurer's service is also poorly ranked by J.D. Power.
Best renters insurance for complete coverage: Travelers
- Many available add-ons available
- Affordable coverage in an expensive state
- Doesn't offer a monthly payment option
- Mixed customer service quality
Of all the companies we examined, Travelers gives policyholders the most ways to maximize their coverage with endorsements. In addition to common add-ons, such as increased protection for valuables and personal liability, Travelers also offers several forms of coverage not available everywhere. These include:
- Replacement cost coverage: Your property is replaced for its original, undepreciated value.
- Equipment breakdown: Protects you from losses attributed to mechanical or electrical breakdowns.
- Identity theft coverage: Your insurer enrolls you in credit monitoring and aids you in recovery if you suffer a loss.
- Water backup protection: Safeguards your property from water damage that results from a backed up or malfunctioning drain.
While any adjustments to a standard policy will result in a rate increase, Travelers tends to have cheaper rates than many of the renters insurance companies in Alabama. A policy costs $263 per year, which equates to a monthly expense of $22. However, Travelers only allows for up-front, yearly payments — a unique quality.
The downside of Travelers renters insurance is its customer service. The company only receives about half the complaints expected for its size. But its service ranks 13th in J.D. Power's study of large renters insurance providers — the second lowest.
How we chose the best renters insurance in Alabama
We interrogated three qualities of each provider to find which company has the best renters insurance in Alabama. Each company was judged according to its:
- Affordability: How much we think a typical customer might pay for a policy.
- Policy offerings: What endorsements are offered by each insurer, as well as the strength of a regular policy.
- Customer service: The tendency a provider has to offer responsive service and fair claims.
Ultimately, a renters insurance provider should offer cheap coverage without having to sacrifice quality or force its policyholders to bulk up a regular policy with add-ons. You should be able to personalize your coverage enough so that you can adjust the scope of your protection as your needs evolve.
Affordability: Comparing the costs of renters insurance in Alabama
The average cost of renters insurance in Alabama is $29 per month, or $346 per year. This is much more expensive than the typical renters insurance premium in the U.S. — which we found to be $187 per year.
The cheapest renters insurance in Alabama comes from Liberty Mutual, which offers policies for about $18 per month. Farmers is usually the most expensive provider in the Magnolia State, charging $51 per month.
|Insurance provider||Average cost (per month)||Average cost (per year)||% difference from statewide average|
Your premium probably won't be identical to what a neighbor is charged, even if they live near you. This is because the price of your coverage depends on factors that are specific to you: the amount of property you're insuring, any upgrades you purchase and your deductible. Our quotes reflect these limits:
- Personal property protection: $30,000
- Liability coverage: $100,000
- Medical payments to others: $1,000
- Deductible: $500 where available
Your premium is also influenced by personal characteristics, like your age, gender and insurance history. Our sample profile was a 30-year-old renter who lived alone. Our sample profile had no history of making insurance claims.
Compare Renters Insurance Quotes from Providers in Alabama
Policy offerings: Analyzing your coverage options with each insurer
Unlike with homeowners insurance, there's no obligation for you to purchase renters insurance if you don't want to. Still, we recommend getting renters insurance coverage. Renters insurance is an easy, affordable way to ensure you wouldn't be subjected to a large financial loss if the worst happened.
Every company we gathered quotes from provides enough coverage to cover the needs of typical renters. Below, we've tabulated each company's offerings, as well as the maximum and minimum coverage levels available.
|Insurer||Personal property coverage||Personal liability||Earthquake||Water-backup coverage||Identity theft protection||Replacement-cost coverage||Valuables plus|
|State Farm||$10,000 – more than $100,000||$100,000 – $1 million||X||-||X||-||X|
|Liberty Mutual||$5,000 – $25,000||$100,000 – $1 million||X||-||X||X||X|
|Travelers||$30,000 – more than 100,000||$100,000 – $500,000||X||X||X||X||X|
|Allstate||$15,000 – more than $100,000||$100,000 – $500,000||-||-||X||-||-|
|Farmers||$4,000 – $150,000||$100,000 – $1 million||-||-||X||X||-|
Customer service: Contrasting the quality of service that comes from each company
We compared the customer service offered by each renters insurance company in our survey by consulting three measurements: the National Association of Insurance Commissioners' Complaint Index, J.D. Power's U.S. Home Insurance Study - Renters Insurance** and A.M. Best's Financial Strength Ratings (FSR).
Below, we've displayed the customer service breakdown of the largest insurance providers in Alabama — including companies we didn't obtain rates from.
|Insurance provider||NAIC Complaint Index||J.D. Power Rank (of 14)||A.M. Best FSR|
|Auto-Owners Insurance Co||0.24||Not rated||A++|
NAIC Complaint Index: The Complaint Index measures the number of complaints a company receives compared to its size. The NAIC uses 1.00 to represent the normal or expected complaints a company should receive based on its market share. A company with a Complaint Index lower than 1.00 gets fewer complaints than expected. J.D. Power U.S. Home Insurance Study - Renters Insurance: J.D. Power generated the findings of this study by compiling policyholders' responses to various qualities of an insurer's service and claims process. Companies were ranked according to this composite score, the overall satisfaction rating.
A.M. Best Financial Strength Rating: A.M. Best's ratings grade the ability of insurance providers to meet their financial commitments. While many companies receive high marks from A.M. Best, some don't — the tool is useful for detecting these few riskier outliers.
Alabama renters insurance: City-by-city breakdowns
As we collected rates from across the Yellowhammer State, we were able to compute the cost of coverage in many of Alabama's most populated cities. We've illustrated these rates below, along with how each city's average cost stacks up to the state's average cost of coverage.
The cheapest city for renters insurance in Alabama is Auburn, while the most expensive place to purchase coverage is Mobile.
|City||Average cost (per month)||Average cost (per year)||% difference from statewide average|
We amassed 100 renters insurance quotes from addresses located throughout Alabama. We used a sample profile that represented a typical buyer: an unmarried, 30-year-old renter living alone. Our profile carried no history of prior claims.
Additionally, we sourced renters insurance quotes in for the following limits: $30,000 of personal property coverage, $100,000 of personal liability and $1,000 of medical payments to others. The additional living expenses weren't universal, as companies usually determine this figure from your overall personal property election. Finally, we opted for a $500 deductible.