Huntsville residents pay on average $1,433 per year or $119 per month for homeowners insurance with $250,000 coverage. This is higher than the national average at $1,312 and much lower than the $1,917 average for Alabama.
Bankrate compared the policies of local insurance companies to find the best Huntsville home insurance. We also evaluated affordability and the availability of coverage options, discounts, and financial stability.
Huntsville’s best home insurance company
Based on average dwelling coverage of $250,000, our choices for cheap Huntsville home insurance include Allstate, Nationwide Travelers, State Farm, Nationwide and Nationwide. J.D. also evaluated each company’s customer satisfaction score. Power’s Home Insurance Study draws on the opinions of thousands.
USAA
USAA’s Huntsville, Alabama average home insurance rate is $747. This is nearly $700 less than the Huntsville average. USAA sells only policies to military personnel, veterans, and their immediate family. USAA is a good option for homeowners who are members of the military, veterans, and their immediate families.
USAA policies provide strong coverage for your home, other structures, and your belongings. They also offer liability coverage. Due to its military focus, USAA offers insurance specifically designed for military personnel, including coverage for uniforms while you are deployed.
State Farm
State Farm is the most popular provider of homeowner insurance policies. There are many reasons why it is so popular. The average rate for Huntsville residents falls below the regional average. It offers comprehensive coverage for your home, your belongings, and other structures. You also have options for replacement cost coverage, and coverage for costly items like jewelry and electronics.
State Farm’s website is one of the most popular in the industry. It allows you to manage all aspects of your insurance online. If you’re new to insurance, their blog will help you get up to speed.
All over the country
Nationwide provides solid coverage and affordable rates with many options to tailor your policy to your needs. These include ordinance and law coverage, water backup, replacement cost plus, which can increase your coverage limit by 20% if necessary.
Nationwide offers many discount options that can help you save a lot on your premium. There are eight discounts available, including bundling homeowner insurance with Nationwide auto, recent home purchase, and one if your community is gated.
Travelers
The average home insurance rate for Huntsville travelers is slightly higher that the regional average but still better than the average Alabama rate. The coverage options offered by the company include basic coverages, such as liability and dwelling coverage. You can also get additional coverage to help you rebuild your home using green materials.
You could get a few discounts with Travelers to lower your premium. Bundling homeowner insurance with Travelers insurance can help you save money. You may also be eligible for a discount if your home is new. A LEED-certified home will help you save up to five percent, in keeping with your company’s commitment to environmental awareness.
Allstate
J.D. has given Allstate a good rating. Its average rate is the highest among all the insurers we have chosen. However, Allstate has a decent rating with J.D. However, this may not hold true for your premium. There are eight discounts available from the company, including multi-policy, claims free, early signing savings, which could help you save money on your premium.
Allstate has many other benefits. Allstate is a top-rated insurer in the country and has the expertise and breadth necessary to provide both standard and optional coverages to help protect your home. You can also add optional endorsements for identity theft restoration, business property, and sports equipment.
Huntsville: Home insurance options
Standard home insurance policies provide coverage for your home and your belongings up to a certain limit. Liability covers you up to a certain amount if someone is injured at your home. Insurance companies often offer optional coverages that allow you to customize your policy. These are some common endorsements and additional policies you might want to consider:
- Flood insurance: Alabama, like other Gulf states is susceptible to hurricanes and tropical storms. Flood coverage is not available on standard home insurance policies. If you live in flood zones or are concerned about storm damage, you might want to purchase a flood insurance.
- Water backup: This insurance coverage is also useful in the event of a severe storm. Water backup will expand your coverage in the event that water backs up from your sump pump or the sewer.
- Home insurance policies may cover replacement cost coverage. This is the amount of your possessions at current cash prices, less depreciation. Although it is more expensive, replacement costs coverage may be worth it if your furniture or other belongings need to be replaced. It will replace them with similar items at current prices and not take into account depreciation.
Huntsville: Home insurance discounts
It might be worthwhile to investigate the discounts offered by each company if you’re looking for affordable home insurance. Nearly every insurer offers some discounts and can lower your premium if you are eligible. These are some of the most common discounts:
- Bundling: You can save money if you choose an insurance company that you like. They will handle everything, from your auto to home. Bundling policies can save you up to 10% on your premium.
- Reliable payer: If you pay on time, you may be eligible for a discount.
- Loyalty and welcome: Some insurance companies offer a discount for switching to the company. Some insurers offer a discount for your continued loyalty to the company over a set period of time.
- Protective devices: You are less likely to need to file a claim on your policy if you have smoke detectors or a sprinkler system. You may be rewarded by your insurer with a discount.
You might be able to reduce your premium if you are eligible for multiple discounts, which isn’t difficult. Bundling policies with the same insurance company is a great way to get significant discounts. Allstate claims that bundling auto and home insurance can help you save up to 25% on your insurance.
Questions frequently asked
Which is the best company for home insurance?
There is no one company that is best for everyone. The best home insurance company is the one that has the lowest price for the coverage you require, along with great customer service and plenty of options for discounts and coverage. Get quotes from the companies listed above to find the right company for you.
What is the cost of Huntsville home insurance?
A Huntsville home insurance policy that covers $250,000 of dwelling coverage costs $1,433 per year. Costs will vary depending on your home’s age and location.
What amount of Huntsville home insurance do you need?
Every person has different insurance requirements. It is important to have sufficient home insurance in order to rebuild your home in the event of a covered catastrophe. This amount is determined based on what it costs to rebuild your home, and not the market value of your home. Talk to your insurance agent to find out how much you’ll need.