The Best Cheap Homeowners Insurance in Mobile, Alabama for 2023: Quotes and Reviews
Farmers offers the cheapest homeowners insurance in Mobile, Alabama, at $359 annually. With a MoneyGeek score of 99/100, USAA provides the best insurance in the city. Shopping around can save you up to $9,012 per year.
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The Cheapest and Best Homeowners Insurance in Mobile
The Cheapest Home Insurance Companies in Mobile
Since most of the insurers in Mobile, AL offer similar coverages and discounts, price should be the first factor you consider while choosing homeowners insurance.
The two most affordable home insurers in Mobile for the average homeowner with baseline dwelling coverage, as identified by MoneyGeek, are:
- Farmers: $359 per year
- Allstate: $831 per year
However, if you need homeowners insurance for an expensive home, say for dwelling coverage of around $2 million, then the cheapest insurers are:
- Farmers: $3,416 per year
- Allstate: $6,696 per year
Although USAA is the second cheapest option, it only offers insurance policies to military families and veterans, so we didn’t include it in this ranking.
You can check the insurance premiums for different dwelling coverage limits using the table below.
The Cheapest Home Insurance in Mobile, Ranked
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Home insurance policies in Mobile with baseline dwelling coverage limits of $100,000 have a personal property coverage limit of $40,000, while insurance policies for a $2 million dwelling have a personal property coverage limit of around $800,000. The liability coverage limit is the same for both, at $100,000.
If you live in another Alabama city, you can check costs at home insurance in Alabama.
The Average Cost of Homeowners Insurance in Mobile for 2022
The average cost of home insurance in Mobile is around $2,216, which is higher than the state’s average of $1,436 and also higher than the national homeowners insurance premium average of $2,103. So, compared to other states and cities in the U.S, you will pay a little extra premium to insure your home in Mobile, Alabama.
Calculate the Cost of Home Insurance in Mobile
While location is a primary factor in determining the price of homeowners insurance, other factors also influence the cost. These include the amount of dwelling coverage you buy, your credit score, how much personal property you want to insure and other factors.
By using MoneyGeek’s home insurance calculator, you can compare different home insurance quotes in Alabama.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Mobile
While buying home insurance in Mobile, you should consider several factors in addition to the policy premium. It’s important to consider whether the insurer provides good customer service. The times when you file a claim are likely to be stressful, so the process should be easy and quick.
MoneyGeek searched for the best homeowners insurance companies in Mobile, and the top two are:
- Best Overall: USAA
- Runner-up: Farmers
These rankings for best home insurance companies in Mobile are based on affordability, user satisfaction and financial stability. Please note that USAA only offers coverage to veterans and military families.
USAA has the highest ratings for customer satisfaction and service, as well as for financial stability. It offers a homeowners insurance policy for $871 in Mobile, lower than the average annual premium in the state, which is around $2,216. It offers coverages like home rental, earthquake and others.
USAA offers some distinct coverages, such as home rental, which covers you and your guests if you rent a room or your entire house. USAA also offers common discounts, such as bundling policies and claims-free discounts, but it does not offer any rare discounts. All these coverages are additional ones that you can add to your basic policy.Read MoneyGeek's USAA home Insurance Review
Farmers has one of the highest ratings for affordability, as well as a high total score. It offers a homeowners insurance policy for $359, while the average premium in Mobile is around $2,216. It offers matching coverage, energy efficiency upgrade coverage and others.
Farmers offer a rare coverage called energy efficiency upgrade coverage, where you can receive up to $25,000 toward the extra cost of replacing materials and appliances with “green” alternatives. You can also avail of certain rare discounts, like claim forgiveness and others.Read MoneyGeek's Farmers home Insurance Review
Cheapest Home Insurance Companies in Mobile for Newly Constructed Homes
In Mobile, insurance for a newly constructed home costs less than insurance for an older home. Newer homes generally have lower replacement costs, because modern building materials are more resistant to damage. Insuring a newly constructed home will cost you around $1,625 per year, compared to the average premium of $2,216 per year for homes built in 2000.
The cheapest homeowners insurance in Mobile for new homes with $100,000 in dwelling coverage limit are:
- Farmers: $278 per year
- Allstate: $644 per year
Although USAA is the second cheapest, it only offers policies to veterans and military families.
The Cheapest Home Insurance in Mobile for New Homes, Ranked
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Cheapest Home Insurance Companies in Mobile if You Have a Lot of Personal Property
Your home insurance protects the personal property you keep inside your house. The premium goes up as you increase the coverage limit for personal property. In Mobile, the average cost is $2,299 for personal property coverage of $250,000 with a standard policy, compared to the average premium of $2,216 for personal property coverage of $100,000.
The most affordable insurers for getting additional personal property coverage in Mobile are:
- Farmers: $370 per year
- Allstate: $850 per year
Cheap Companies in Mobile for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Mobile for High Deductibles
Adding a deductible to your policy can significantly affect the cost of the policy. While a higher deductible can increase the amount you pay out of your pocket when making a claim, it also means the yearly policy cost will be lower.
A policy with a $2,000 deductible costs around $1,978, compared to the average premium of $2,216 for policies with a $1,000 deductible.
The cheapest insurer in Mobile for home insurance policies with $2,000 deductibles are:
- Farmers: $319 per year
- Allstate: $760 per year
The Cheapest Companies in Mobile for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Mobile if You Have Poor Credit
Insurers in Mobile will consider your credit score as an important factor when determining insurance premiums. If you have a poor credit score, you will pay more yearly for home insurance– an average of $3,816 if you have poor credit, compared to an average of $2,216 for homeowners with good credit.
The cheapest two insurance companies for homeowners with poor credit in Mobile are:
- Country Financial: $1,057 per year
- Farmers: $1,545 per year
USAA is the second most affordable insurance company for homeowners with poor credit in Mobile but offers its policies only to military families.
The Cheapest Companies in Mobile for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Mobile
If you want to get online home insurance quotes in Mobile, you’ll need to have a bit of information handy, including:
- Replacement cost: This is the amount required to rebuild your home, not the market value of the home. The replacement cost helps determine the dwelling coverage limits. You should hire a building contractor or construction professional to get an estimate of your replacement cost.
- Value of your personal property: The value of your items will determine appropriate personal property coverage limits.
- Personal information: You’ll be asked for your address, information about who lives in your home, your insurance history and other details.
- Information about your house: The insurer will want to know when your house was built, how big it is, what safety devices you have and more.
Homeowners Insurance in Mobile Analysis: Methodology
MoneyGeek analyzed home insurance premiums from nine companies in Mobile. The data and information were provided in partnership with Quadrant and quotes were collected for a home with varying coverage levels to calculate affordability scores. The base profile for a homeowner was for a home with 2,500 square feet, built in the year 2000 with dwelling coverage of $100,000, personal property coverage of $40,000, liability coverage of $100,000 and a $1,000 deductible. Quotes were also collected for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores. We have gathered the customer satisfaction ratings from J.D. Power surveys.
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