Best home insurance company for military-focused coverage

USAA
3.7 Bankrate ScoreExplore Bankrate's review
- J.D. Power:
- 884 /1,000
- AM Best:
- A ++
- Avg. annual premium for 250k dwelling
- $ 750
Explore Bankrate's review
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our
We looked at several aspects of each carrier in our search for the best Alabama homeowners insurance. First, we obtained average rates from Quadrant Information Services. Next, we analyzed each carrier’s coverage offerings, discounts and digital tools, to help you find a company that offers the financial protection you need and the functionality you may want. We also factored in third-party ratings from the 2022 J.D. Power U.S. Home Insurance Study for customer satisfaction, the National Association of Insurance Commissioners (NAIC) for complaint frequency and AM Best for financial strength.
We combined all of this research to create a proprietary Bankrate Score for each company. The Scores are on a scale of 0.0 to 5.0, with higher scores indicating a higher ranking in each category. Knowing the Bankrate Score for each company can help you quickly analyze the overall quality of that carrier’s home insurance product. This might make it easier to find the best home insurance company for you.
Based on our analysis of the Alabama homeowners insurance market, USAA, State Farm and Auto-Owners are among the top choices for coverage. Both USAA and State Farm offer average rates lower than the state average of $1,597 per year. If you’re shopping for the best home insurance in Alabama, you may want to start with quotes from these companies:
Insurance company | J.D. Power | AM Best | Average monthly premium* | Average annual premium* | |
---|---|---|---|---|---|
USAA
3.7
Bankrate Score
|
J.D. Power
884
/1,000 |
AM Best
A++
(Superior)
|
Average monthly premium*
$63
|
Average annual premium*
$750
|
Get a quote |
State Farm
3.2
Bankrate Score
|
J.D. Power
829
/1,000 |
AM Best
A++
(Superior)
|
Average monthly premium*
$111
|
Average annual premium*
$1,329
|
Read review |
Auto-Owners
3.2
Bankrate Score
|
J.D. Power
825
/1,000 |
AM Best
A++
(Superior)
|
Average monthly premium*
$141
|
Average annual premium*
$1,697
|
Get a quote |
Allstate
3.5
Bankrate Score
|
J.D. Power
829
/1,000 |
AM Best
A+
(Superior)
|
Average monthly premium*
$132
|
Average annual premium*
$1,589
|
Get a quote |
J.D. Power
Not rated |
AM Best
A+
(Superior)
|
Average monthly premium*
$62
|
Average annual premium*
$746
|
Get a quote |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Premiums are for $250K in dwelling coverage
**Not officially ranked by J.D. Power due to eligibility restrictions
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The average cost of home insurance in Alabama is $1,597 per year for $250,000 in dwelling coverage. Compared to the national average of $1,383 for the same coverage, Alabama homeowners pay about 15% more each year. Average rates in Alabama may be higher than the national average due to the state’s position near the coast and relatively high likelihood of being hit with strong storms. Home insurance is less in Alabama than it is in neighboring states, though; Mississippi homeowners pay an average of $1,840 per year and Florida’s average home insurance rate is $1,648 per year.
Alabama residents should know that the state can experience severe weather, including hurricanes and tornadoes. Understanding the common causes of damage in Alabama may help you better choose coverage options that fit your needs.
Alabama only has a small section of coastline, but much of the southern part of the state is only separated from the coast by a hundred miles (or less) of Florida’s panhandle. This means that many of the causes of damage in Alabama are related to coastal weather.
If you are shopping for Alabama homeowners insurance, it’s important to understand the different types of coverage available and what kind of protection they offer. In addition to standard coverage types like dwelling, personal property and liability, you may want to consider some optional add-ons for more financial protection: