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The Cheapest Renters Insurance in Alabama

Cheap Renters Insurance Companies in Alabama

The cost of renters insurance is an essential factor in picking a policy. On average, the most affordable provider in Alabama is USAA. However, it offers services only to former and current military members and their families.

The next two cheapest companies for renters insurance in Alabama are State Farm and Allstate. A State Farm policy costs an average of $11 monthly or $136 per year, while Allstate prices its average plan at $13 per month or $160 annually.

The average monthly and annual rates for each renters insurance company are based on quotes across a diverse collection of ZIP codes in the state. The prices are for a policy with personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.

Personal Property Coverage:


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To help you find the right coverage at the cheapest rate, MoneyGeek ranked the leading renters insurance firms across Alabama. MoneyGeek’s scoring system analyzed the customer service quality, financial strength and affordability of insurers so you can find the best provider for your needs.

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Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.

Best Renters Insurance Companies in Alabama

USAA is the best renters insurance company in Alabama. It received a perfect MoneyGeek rating of 100 out of 100. However, USAA is only available to military members, veterans and eligible military family members. The top widely available option is State Farm, with a score of 97.

MoneyGeek calculated scores based on affordability, AM Best financial stability ratings and J.D. Power customer service scores.

These are not necessarily the cheapest options in the state. The best renters insurance companies in Alabama are determined based on a balance of quality and cost. Your insurer should be able to support you with good service at a fair price.





User Satisfaction


Financial Stability

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Geek Quick Take

With perfect scores in all categories, USAA is the best renters insurance company in Alabama. Additionally, the company offers valuable optional coverages like electronics coverage. That said, USAA policies are only available to current or former military members and eligible family members.

More About USAA

USAA offers renters insurance in all states. The company’s standard policy includes flood and earthquake coverage. It also offers optional endorsements, including electronics coverage and valuable personal property insurance.

You can also save some money with the company’s discount offers, which include bundling, staying claims-free and adding home security monitoring. Managing your account is also easy with USAA’s mobile app, which you can access while on the go. You can also use its online quote tool to get an estimate quickly.

That said, only military members and eligible family members qualify for USAA policies.

State Farm




User Satisfaction


Financial Stability

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Geek Quick Take

State Farm is the best renters insurance provider in Alabama for renters who are not eligible for USAA coverage. It has high ratings across all categories, including a perfect score for financial stability. State Farm also offers uncommon coverages, like personal injury liability, at an additional cost.

More About State Farm

State Farm only offers a total of three additional coverage options, fewer than the national industry average of seven. Additionally, State Farm only has two discount opportunities for renters insurance policyholders, including its bundling and protective home device discounts, which are both quite common.

Interested individuals can get an insurance quote on the company’s website. Clients can file claims and manage payments online. State Farm also has a mobile app, which allows policyholders to manage their insurance accounts with ease.

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Quality service is of utmost importance when choosing renters insurance in Alabama. It is often better to pay more for the best renters insurance instead of simply purchasing the cheapest possible plan, as it assures efficient claims servicing. You may even save money in the long run.

Largest Renters Insurance Companies in Alabama

Considering a company with a large market share can be beneficial for renters. Typically, big-name companies tend to be more financially stable, which ensures that eligible claims will be paid fairly and efficiently. Larger companies also have more money to invest in better customer service and user experience.

Market Share


State Farm














Average Cost of Renters Insurance in Alabama


renters insurance is equal to the average.

The average cost of renters insurance in Alabama is $203 per year, $44 more than the $159 national annual average.

Typically, Alabama renters pay an average of $17 for renters insurance every month, which is $4 more than the monthly national average. These rates are based on renters insurance policies with $20,000 personal property limits, $100,000 liability limits and a $500 deductible.

The average cost of renters insurance in Alabama may vary greatly depending on the amount of personal property coverage you purchase. Use the calculator below to see how prices can change based on the value of your personal property.


Total: $0

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Renters in Alabama can save money on renters insurance by comparing quotes from different insurers. For instance, a typical renter can save as much as $185 per year by choosing State Farm instead of Farmers. That leads to around $15 in savings per month.

What Factors Impact Renters Insurance Cost in Alabama

Multiple factors can impact the cost of your renters insurance coverage, including your residential location and the type of coverage you want. Assess these factors when looking for renters insurance in Alabama.

Compare Renters Insurance Rates

Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.

Renters Insurance in Alabama: What You Need to Know

Renters insurance is an affordable way to safeguard your property from unexpected disasters. It can offer useful protection from damage caused by fire, extreme weather events, burglary and more.

In Alabama, about 29% of the population are renters, and the average rental rate is $807 per month. For a standard renters insurance package with $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible, the average monthly cost is $17, or about 2% of the monthly rental price.

What Renters Insurance Typically Covers in Alabama

Before you buy renters insurance in Alabama, you should understand what each policy covers. Some packages present additional coverage like identity theft insurance, but most plans offer the basic coverages of personal property, liability insurance, medical payments and additional living expenses.

In Alabama, personal property insurance will cover damages caused by natural disasters like tornadoes and hurricanes.

What Renters Insurance Typically Does Not Cover in Alabama

It’s important to know the situations that aren’t typically covered by renters insurance in Alabama. Here is a list of events that insurers usually don’t cover.

Read the policy’s fine print and ask your agent to obtain information on what your renters insurance plan does and does not cover. This information can help you make accurate and successful claims.

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If you want to know more about what renters insurance covers, you can get help from the Alabama Department of Insurance. The agency aims to protect Alabama policyholders by effectively regulating the insurance industry. It also provides information on how to file complaints and search insurance policies or agents.

You can reach the Alabama Department of Insurance through the following channels:

  • Regular U.S. Mail Address: P.O. Box 303351, Montgomery, AL 36130-3351
  • Overnight Address: 201 Monroe St., Suite 502, Montgomery, AL 36104
  • Consumer Service Hotline: 334-241-4141 or 1-800-433-3966
  • Consumer Service Email:
  • Consumer Service Fax: 334-956-7932

FAQs About Renters Insurance in Alabama

The best renters insurance companies in Alabama may vary depending on personal needs and circumstances. Moneygeek answers some commonly asked questions to help you make well-informed decisions.

What is the cheapest renters insurance company in Alabama?
What is the best renters insurance company in Alabama?
How much does renters insurance cost in Alabama?
Is renters insurance required in Alabama?
Compare Renters Insurance Rates

Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.

Renters Insurance in Alabama Analysis: Methodology

MoneyGeek analyzed renters insurance premiums from six of the top insurance companies in Alabama that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Alabama. Quotes were gathered for policies with personal property coverage of $20,000, $50,000 and $100,000, liability coverage of $100,000 and a deductible of $500.

About Mark Fitzpatrick

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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.