The best and cheapest renters insurance company in Mobile, Alabama is State Farm with a MoneyGeek score of 96 and an annual premium of $169.
Depending on your needs, other providers may be best. Travelers excels in service quality with an annual premium of $473.
MoneyGeek also looked into the best and cheapest renters insurance in Alabama for those who live elsewhere in the state.
Best and Cheapest Renters Insurance in Mobile, AL (Sept 2024)
State Farm is the top and most cost-effective renters insurance in Mobile, Alabama, with a MoneyGeek score of 98 and a yearly rate of $169. It excels in affordability while maintaining high customer satisfaction.
Mark Fitzpatrick
Head of Insurance, MoneyGeek
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including [CNBC](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). 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.
Rae Osborn
Content Editor
Dr. Rae Osborn is a MoneyGeek content editor with over seven years of editing experience and over 20 years of experience in publishing and writing science content. She also works as a science researcher, writer and editor and a professional reviewer for Science Reviews and Advances in Entomology.
Mark Fitzpatrick
Head of Insurance, MoneyGeek
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including [CNBC](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). 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.
Rae Osborn
Content Editor
Dr. Rae Osborn is a MoneyGeek content editor with over seven years of editing experience and over 20 years of experience in publishing and writing science content. She also works as a science researcher, writer and editor and a professional reviewer for Science Reviews and Advances in Entomology.
Updated: September 13, 2024
Advertising & Editorial Disclosure
Table of Contents
Why Trust MoneyGeek? To determine the top renters insurance in Alabama, we utilized information from the Alabama Department of Insurance and Quadrant Information Services, focusing on the city of Mobile.
Renters insurance premiums in Mobile represent the most competitive estimates as of September 2024.
Overall Best Renters Insurance in Mobile, AL
The best renters insurance in Mobile, Alabama, is State Farm with a MoneyGeek score of 96 out of 100 and an annual premium of $169. The following providers are the top two best renters insurance providers in Mobile for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.
- State Farm: MoneyGeek score of 96 out of 100 ($169 per year)
- Nationwide: MoneyGeek score of 94 out of 100 ($252 per year)
The best provider in the state can balance both cost and affordability.
State Farm ranks first in Mobile, Alabama, for affordability, customer satisfaction, and financial stability. The annual premium is $169. State Farm offers cyber event/ID theft and earthquake damage coverages. Cyber event/ID theft coverage helps restore your identity if it's stolen, providing peace of mind. Earthquake damage coverage protects your belongings in case of an earthquake, ensuring you are not left with hefty repair costs.
Offers cyber event / ID theft and earthquake coverages
Ranked first in the city for affordability with an average annual premium of $169
Ranked first in the city for customer satisfaction
Ranks third in the city for coverage compared to other insurers
To find the best overall renters insurance in a city, MoneyGeek's scoring system emphasizes customer satisfaction and affordability. Secondary factors include coverages and financial stability.
- $100K Personal Property
- $20K Personal Property
- $50K Personal Property
State Farm | MoneyGeek Score96 | Annual Premium$ 169 |
Nationwide | MoneyGeek Score94 | Annual Premium$ 252 |
Auto-Owners Insurance | MoneyGeek Score93 | Annual Premium$ 178 |
Travelers | MoneyGeek Score88 | Annual Premium$ 473 |
COUNTRY Financial | MoneyGeek Score87 | Annual Premium$ 184 |
Allstate | MoneyGeek Score86 | Annual Premium$ 269 |
Foremost Insurance | MoneyGeek Score43 | Annual Premium$ 1,251 |
Cheapest Renters Insurance in Mobile, AL
In Mobile, Alabama, State Farm offers the cheapest renters insurance with an annual premium of $169 for $20,000 in personal property coverage. Personal property coverage protects your belongings against risks like theft or damage. The following providers are the top two cheapest providers in Mobile for $20,000 in personal property coverage and a $1,000 deductible, and MoneyGeek rated the cheapest renters insurance in Mobile with minimal consideration for customer service.
- State Farm: $169 per year
- Auto-Owners Insurance: $178 per year
Cheap renters insurance policies often have lower personal property coverage limits. Higher coverage limits can increase monthly costs but offer better protection if you have many belongings.
- $100K Personal Property
- $20K Personal Property
- $50K Personal Property
State Farm | MoneyGeek Score98 | Annual Premium$ 169 |
Auto-Owners Insurance | MoneyGeek Score96 | Annual Premium$ 178 |
Nationwide | MoneyGeek Score94 | Annual Premium$ 252 |
COUNTRY Financial | MoneyGeek Score92 | Annual Premium$ 184 |
Allstate | MoneyGeek Score89 | Annual Premium$ 269 |
Travelers | MoneyGeek Score85 | Annual Premium$ 473 |
Foremost Insurance | MoneyGeek Score38 | Annual Premium$ 1,251 |
Cheapest Renters Insurance With a High Deductible Mobile, AL
In Mobile, Alabama, Auto-Owners offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $157. A deductible is the amount you pay out-of-pocket before your insurance kicks in and can affect your rates. The following providers are the top two cheapest providers in Mobile for $20,000 in personal property coverage and a $2,000 deductible:
- Auto-Owners: $157 per year
- State Farm: $159 per year
A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It’s important to balance both to ensure you can afford the out-of-pocket costs if you need to file a claim.
- $100K Personal Property
- $20K Personal Property
- $50K Personal Property
- $ 500
- $ 1,000
- $ 1,500
- $ 2,000
Auto-Owners Insurance | MoneyGeek Score93 | Annual Premium$ 157 |
State Farm | MoneyGeek Score95 | Annual Premium$ 159 |
COUNTRY Financial | MoneyGeek Score87 | Annual Premium$ 160 |
Nationwide | MoneyGeek Score95 | Annual Premium$ 211 |
Allstate | MoneyGeek Score85 | Annual Premium$ 269 |
Travelers | MoneyGeek Score88 | Annual Premium$ 411 |
Foremost Insurance | MoneyGeek Score43 | Annual Premium$ 1,127 |
When selecting a deductible, pick an amount you can easily afford to pay out-of-pocket if you need to file a claim. This ensures you won't face financial strain during an already stressful time. Opting for a higher deductible can lower your premiums, leading to overall savings while still giving you adequate coverage. This balance helps you manage both your monthly expenses and potential out-of-pocket costs effectively.
Best Renters Insurance for Customer Service in Mobile, AL
In Mobile, Alabama, Travelers is the best renters insurance company for service quality, with an annual premium of $473. The following providers are the top two best providers in Mobile, Alabama, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.
- Travelers: MoneyGeek score of 95 out of 100 ($473 per year)
- Nationwide: MoneyGeek score of 95 out of 100 ($252 per year)
Great customer service is important for renters looking for insurance because it ensures a smooth and hassle-free experience, especially when filing a claim. For example, if you need to make a claim, great customer service means you'll receive prompt assistance and clear communication throughout the process.
Travelers is the cheapest renters insurance provider in Mobile, Alabama, ranking first in customer satisfaction and coverage. With an annual premium of $473, it offers great value for renters.
Travelers provides contents replacement cost coverage, which replaces personal property at its current value without depreciation. This ensures renters can replace lost items without financial strain. Additionally, Scheduled Personal Property coverage protects high-value items like jewelry and fine art, allowing renters to add higher coverage limits without needing appraisals.
Offers contents replacement cost and scheduled personal property coverages
Provides claims free and bundle discounts
Ranks first in the city for coverage
Ranks third in the city for customer satisfaction
To find the best renters insurance for service quality in the city, MoneyGeek's scoring system focused on customer service. Secondary factors considered include coverages and financial stability.
- $100K Personal Property
- $20K Personal Property
- $50K Personal Property
Travelers | MoneyGeek Score95 | Annual Premium$ 473 |
Nationwide | MoneyGeek Score95 | Annual Premium$ 252 |
State Farm | MoneyGeek Score87 | Annual Premium$ 169 |
Auto-Owners Insurance | MoneyGeek Score84 | Annual Premium$ 178 |
Allstate | MoneyGeek Score75 | Annual Premium$ 269 |
COUNTRY Financial | MoneyGeek Score70 | Annual Premium$ 184 |
Foremost Insurance | MoneyGeek Score55 | Annual Premium$ 1,251 |
Best Renters Insurance for High Personal Property Limits in Mobile, AL
For those in Mobile, Alabama needing substantial personal property coverage, State Farm stands out with an annual premium of $375 for policies with $100,000 in personal property coverage. High personal property coverage ensures that renters have sufficient protection for their belongings in case of loss or damage. In Mobile, the top two best providers for $100K in personal property coverage are:
- State Farm: MoneyGeek score of 96 out of 100 ($375 per year)
- Auto-Owners: MoneyGeek score of 92 out of 100 ($487 per year)
Renters who own a lot of belongings often need higher personal property coverage, which safeguards their items from risks like theft, fire, or water damage. Higher coverage levels typically mean higher premiums. It's important to find a provider who can offer both reasonable costs and excellent service, ensuring a balance when you have many possessions.
State Farm ranks first in affordability and customer satisfaction for expensive homes in Mobile, Alabama, with an annual premium of $375. State Farm offers cyber event / ID theft coverage, which helps renters restore their identity in case of cyber fraud. This coverage can save renters significant time and money by providing professional assistance and financial reimbursement for identity restoration.
State Farm offers cyber event / ID theft and earthquake coverages
State Farm offers bundle and protective device discounts
State Farm ranks first in the city for customer satisfaction
State Farm ranks third in the city for coverage options
To find the best renters insurance for those needing higher personal property limits, MoneyGeek's scoring system prioritizes customer satisfaction and affordability. Secondary factors include coverages and financial stability.
State Farm | MoneyGeek Score96 | Annual Premium$ 375 |
Auto-Owners Insurance | MoneyGeek Score92 | Annual Premium$ 487 |
Nationwide | MoneyGeek Score90 | Annual Premium$ 767 |
COUNTRY Financial | MoneyGeek Score85 | Annual Premium$ 480 |
Allstate | MoneyGeek Score79 | Annual Premium$ 966 |
Travelers | MoneyGeek Score79 | Annual Premium$ 1,506 |
Foremost Insurance | MoneyGeek Score43 | Annual Premium$ 2,564 |
If you own valuables such as fine jewelry or art, you would need additional coverage as these items are not usually covered by standard policies. Opt for a provider that offers scheduled personal property coverage, which extends coverage to such valuables.
Best Renters Insurance for Military Families in Mobile, AL
USAA is the best renters insurance company for those with military backgrounds in Mobile, Alabama, with an annual premium of $303. USAA is a company exclusively for those with military backgrounds in Mobile. The following providers are the top two best providers in Mobile for veterans for a policy with $20,000 in personal property coverage.
- USAA: MoneyGeek score of 100 out of 100 ($303 per year)
- State Farm: MoneyGeek score of 96 out of 100 ($169 per year)
USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. USAA is tied for first in affordability in Mobile, making it the cheapest option for military members. While there are other affordable options, USAA's tailored offerings make it worth considering.
USAA stands out as the premier renters insurance provider for those with a military background in the city, leading in customer satisfaction and offering the best coverage at an affordable rate. With an annual premium of $303, USAA ensures comprehensive protection for military households.
Among USAA's uncommon coverages, Contents replacement cost ensures that in the event of theft or damage, policyholders can receive enough to replace their belongings with new ones. Additionally, worldwide personal property coverage offers peace of mind for military members deployed abroad, safeguarding their possessions wherever they are stationed.
Exclusively for those with military backgrounds
Offers contents replacement cost and worldwide personal property coverage
Provides claims free and military base or academy residence discounts
Ranks first in Mobile for customer satisfaction and coverage
MoneyGeek's top-rated renters insurance for veterans prioritizes customer satisfaction and affordability. Secondary considerations include comprehensive coverages and financial stability.
- $100K Personal Property
- $20K Personal Property
- $50K Personal Property
USAA | MoneyGeek Score100 | Annual Premium$ 303 |
State Farm | MoneyGeek Score96 | Annual Premium$ 169 |
Nationwide | MoneyGeek Score94 | Annual Premium$ 252 |
Auto-Owners Insurance | MoneyGeek Score93 | Annual Premium$ 178 |
Travelers | MoneyGeek Score88 | Annual Premium$ 473 |
COUNTRY Financial | MoneyGeek Score87 | Annual Premium$ 184 |
Allstate | MoneyGeek Score86 | Annual Premium$ 269 |
Foremost Insurance | MoneyGeek Score43 | Annual Premium$ 1,251 |
Best Renters Insurance for Low Credit Scores in Mobile, AL
In Mobile, Nationwide offers the best renters insurance for individuals with poor credit, with an annual premium of $420 for a policy with $20,000 in personal property coverage. The following providers are the top two best in Mobile for those with poor credit for the same type of policy:
- Nationwide: MoneyGeek score of 95 out of 100 ($420 per year)
- State Farm: MoneyGeek score of 95 out of 100 ($372 per year)
In Mobile, rates for renters with poor credit are typically higher, as insurers consider them higher-risk due to a history of financial instability. However, by taking steps to improve credit scores and seeking available discounts, you can work towards more favorable insurance premiums.
Nationwide ranks first in affordability and coverage for renters insurance in Mobile, Alabama, with an annual premium of $420. Renters with poor credit can benefit from uncommon discounts like credit card forgery, which covers unauthorized transactions on credit cards and bank debit/ATM cards.
Another valuable discount is Theft from Vehicles, providing extended protection for personal belongings stored in or on any motor vehicle, trailer, or watercraft.
Offers discounts for claims free and theft from vehicles
Ranks second in the city for customer satisfaction
Ranks first in the city for coverage
Ranks third in the city for affordability
To find the best renters insurance for those with poor credit, MoneyGeek's scoring system focuses on customer satisfaction and affordability. Secondary factors include coverages and financial stability.
- Below Fair
- Excellent
- Fair
- Good
- Poor
- $100K Personal Property
- $20K Personal Property
- $50K Personal Property
Nationwide | MoneyGeek Score95 | Annual Premium$ 420 |
State Farm | MoneyGeek Score95 | Annual Premium$ 372 |
Travelers | MoneyGeek Score89 | Annual Premium$ 1,498 |
COUNTRY Financial | MoneyGeek Score87 | Annual Premium$ 258 |
Allstate | MoneyGeek Score87 | Annual Premium$ 572 |
Auto-Owners Insurance | MoneyGeek Score57 | Annual Premium$ 5,204 |
Foremost Insurance | MoneyGeek Score55 | Annual Premium$ 3,558 |
Average Cost of Renters Insurance in Mobile, AL
The average cost of renters insurance in Mobile, Alabama is $397 annually, which breaks down to about $33 per month. This is higher than the state average of $261 annually and the national average of $145 annually. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits and a $1,000 deductible.
Renters should remember that the average cost of renters insurance in Mobile may vary greatly depending on the amount of personal property coverage purchased. Personal property coverage protects your belongings in case of damage or theft. Use the calculator below to see how prices change based on the value of your personal property.
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.
Factors That Impact Renters Insurance Costs in Mobile
Various factors can influence the cost of renters insurance in Mobile, Alabama. For example, your location within the city and the coverage amount you choose can significantly impact your premiums. It is important to understand these factors when selecting a policy to ensure you get the best coverage at an affordable price. Below are some key factors that affect renters insurance costs:
- Location: Your neighborhood's crime rate and susceptibility to natural disasters can increase premiums. Areas with higher risks typically have higher insurance costs.
- Coverage Amount: Higher coverage limits will raise your premiums. It's essential to balance adequate protection with affordability.
- Deductible: A higher deductible can lower your monthly premium. However, it means you'll pay more out-of-pocket in the event of a claim.
- Credit Score: Insurers often use credit scores to assess risk. A lower credit score can result in higher premiums.
- Type of Coverage: Additional coverage options, such as flood or earthquake insurance, can increase costs. Tailor your policy to include only necessary protections.
What Renters Insurance Covers in Mobile, AL
Renters insurance provides coverage for personal belongings, liability protection, and additional living expenses. It is important to purchase renters insurance because it safeguards against financial loss from theft, damage or accidents, offering peace of mind and financial security.
- Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter may receive compensation for a stolen laptop.
- Personal Liability Coverage: This protects you financially if a guest is injured in your rental or you cause property damage. A renter could use this coverage if a guest slips and falls in their apartment.
- Loss of Use Coverage: Loss of use coverage helps with additional living expenses if your rental is unlivable due to a covered peril. A renter might rely on loss of use coverage to pay for a hotel stay after a fire.
Renters insurance typically covers losses from incidents like theft, fire and water damage. Understanding your policy's specific coverage is key to ensuring you're protected. Here are common situations renters insurance covers:
- Fire or lightning
- Windstorm or hail
- Explosions
- Riots
- Aircraft
- Vehicles
- Smoke damage
What Renters Insurance Does Not Cover in Mobile
Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.
- Natural Disasters: Standard renters insurance often does not cover damage from earthquakes or floods.
- Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
- High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
- Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
- Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
- Car Theft: While personal property stolen from your car may be covered, the theft of the car itself is not.
FAQ: Renters Insurance in Mobile, AL
The best renters insurance provider for you in Mobile ultimately depends on your needs. Below, we address some frequently asked questions to help you make an informed decision.
The average cost of renters insurance in Mobile, Alabama, is $397 annually.
State Farm is the most affordable renters insurance provider in Mobile, Alabama, with an annual premium of $169.
The best renters insurance company in Mobile, Alabama, is State Farm, with the highest MoneyGeek score.
Renters insurance is not a legal requirement in Mobile, Alabama, but it is advisable to protect your personal property and for liability coverage.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.