Best and Cheapest Renters Insurance in Mobile, AL (Sept 2024)


Updated: September 13, 2024

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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.

MoneyGeek Logo IconBest & CheapestRentersMobile, AL
2024

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.

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Renters insurance premiums in Mobile represent the most competitive estimates as of September 2024.

2,880Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

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.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
96/ of 100

Overview

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.

Best Renters Insurance in Mobile, Alabama
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score96Annual Premium$ 169
NationwideMoneyGeek Score94Annual Premium$ 252
Auto-Owners InsuranceMoneyGeek Score93Annual Premium$ 178
TravelersMoneyGeek Score88Annual Premium$ 473
COUNTRY FinancialMoneyGeek Score87Annual Premium$ 184
AllstateMoneyGeek Score86Annual Premium$ 269
Foremost InsuranceMoneyGeek Score43Annual 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.

Cheapest Renters Insurance in Mobile, Alabama
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score98Annual Premium$ 169
Auto-Owners InsuranceMoneyGeek Score96Annual Premium$ 178
NationwideMoneyGeek Score94Annual Premium$ 252
COUNTRY FinancialMoneyGeek Score92Annual Premium$ 184
AllstateMoneyGeek Score89Annual Premium$ 269
TravelersMoneyGeek Score85Annual Premium$ 473
Foremost InsuranceMoneyGeek Score38Annual 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.

Cheapest High Deductible Renters Insurance in Mobile, Alabama
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Auto-Owners InsuranceMoneyGeek Score93Annual Premium$ 157
State FarmMoneyGeek Score95Annual Premium$ 159
COUNTRY FinancialMoneyGeek Score87Annual Premium$ 160
NationwideMoneyGeek Score95Annual Premium$ 211
AllstateMoneyGeek Score85Annual Premium$ 269
TravelersMoneyGeek Score88Annual Premium$ 411
Foremost InsuranceMoneyGeek Score43Annual Premium$ 1,127
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HOW TO SET YOUR DEDUCTIBLE

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.

Company logo for Travelers
Best Service QualityTravelers
MoneyGeek Score:
95/ of 100

Overview

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.

Best Renters Insurance For Service Quality in Mobile, Alabama
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score95Annual Premium$ 473
NationwideMoneyGeek Score95Annual Premium$ 252
State FarmMoneyGeek Score87Annual Premium$ 169
Auto-Owners InsuranceMoneyGeek Score84Annual Premium$ 178
AllstateMoneyGeek Score75Annual Premium$ 269
COUNTRY FinancialMoneyGeek Score70Annual Premium$ 184
Foremost InsuranceMoneyGeek Score55Annual 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.

Company logo for State Farm
Best High Personal Property LimitState Farm
MoneyGeek Score:
96/ of 100

Overview

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.

Best Renters Insurance for High Personal Property Limits in Mobile, Alabama
State FarmMoneyGeek Score96Annual Premium$ 375
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 487
NationwideMoneyGeek Score90Annual Premium$ 767
COUNTRY FinancialMoneyGeek Score85Annual Premium$ 480
AllstateMoneyGeek Score79Annual Premium$ 966
TravelersMoneyGeek Score79Annual Premium$ 1,506
Foremost InsuranceMoneyGeek Score43Annual Premium$ 2,564
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SCHEDULED PERSONAL PROPERTY COVERAGE

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.

Company logo for USAA
Best for VeteransUSAA
MoneyGeek Score:
100/ of 100

Overview

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.

Best Renters Insurance for Military in Mobile, Alabama
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 303
State FarmMoneyGeek Score96Annual Premium$ 169
NationwideMoneyGeek Score94Annual Premium$ 252
Auto-Owners InsuranceMoneyGeek Score93Annual Premium$ 178
TravelersMoneyGeek Score88Annual Premium$ 473
COUNTRY FinancialMoneyGeek Score87Annual Premium$ 184
AllstateMoneyGeek Score86Annual Premium$ 269
Foremost InsuranceMoneyGeek Score43Annual 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.

Company logo for Nationwide
Best for Low Credit ScoresNationwide
MoneyGeek Score:
95/ of 100

Overview

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.

Best Renters Insurance for Low Credit Scores in Mobile, Alabama
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score95Annual Premium$ 420
State FarmMoneyGeek Score95Annual Premium$ 372
TravelersMoneyGeek Score89Annual Premium$ 1,498
COUNTRY FinancialMoneyGeek Score87Annual Premium$ 258
AllstateMoneyGeek Score87Annual Premium$ 572
Auto-Owners InsuranceMoneyGeek Score57Annual Premium$ 5,204
Foremost InsuranceMoneyGeek Score55Annual 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.

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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.
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COMMONLY COVERED PERILS

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.

How much is renters insurance in Mobile, Alabama, on average?
What is the cheapest renters insurance company in Mobile, Alabama?
What is the best renters insurance company in Mobile, Alabama?
Do I need renters insurance in Mobile, Alabama?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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.