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Best cheap homeowners insurance in Huntsville

Updated Apr 29, 2024
Based on our findings, USAA, Auto-Owners, State Farm, Travelers and Encompass are the five best home insurance companies in Huntsville.
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The best home insurance companies in Huntsville 

To find the best home insurance, Huntsville homeowners may need to conduct some research — or let Bankrate do it for you. Our insurance editorial team looked at average rate data from Quadrant Information Services, customer service ratings from J.D. Power, third-party financial strength ratings, discount availability, policy options and more for some of the largest Alabama home insurance companies. Based on our findings, USAA, Auto-Owners, State Farm, Travelers and Encompass are the five best home insurance companies in Huntsville.

Best for customer service

Bankrate Score

Rating: 4.7 stars out of 5
4.7

Avg. annual premium

$1,756

$300K dwelling coverage

JD Power

881/1,000

Why USAA made our list: USAA is only available to members of the military and their family members. If you qualify for a USAA policy or are stationed near Redstone Arsenal, it may be worth getting a quote. USAA’s home insurance policies come with some extra perks included, like replacement cost coverage for your home and your personal property, and offer some military-specific coverage options that could be harder to find with other insurers, like no-deductible coverage for military uniforms and equipment.

Why USAA may be the best for customer service: Technically, USAA can’t be ranked in J.D. Power because of its eligibility requirements. However, year over year, USAA consistently earns the highest score for customer service and claims satisfaction. USAA has also tied for the Best Home Insurance Company Overall Bankrate Award for three consecutive years — a strong indicator of high quality policies and customer service.

Scores and Ratings
Bankrate Score 4.7
J.D. Power 881/1,000
AM Best score A++
Read full review
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Best for custom policies

Bankrate Score

Rating: 4.6 stars out of 5
4.6

Avg. annual premium

$2,536

$300K dwelling coverage

JD Power

834/1,000

Why Auto-Owners made our list: Auto-Owners’ above-average scores from J.D. Power for customer and claims satisfaction, coupled with its below-average NAIC complaint index for its home insurance product, make it a good home insurance option. Auto-Owners exclusively sells policies through its network of agents, and online quotes are not available. This could be a negative or positive, depending on the homeowner.

Why Auto-Owners may be the best for custom policies: Auto-Owners could be a good choice for homeowners looking to tailor a unique policy. It offers some more standard endorsements, like water backup, scheduled personal property, replacement cost coverage, identity theft and equipment breakdown. Auto-Owners also offers more specialized options like inland flood (which is slightly different than a traditional flood policy), appliance leaks, food spoilage from power failure and other choices.

Scores and Ratings
Bankrate Score 4.6
J.D. Power 834/1,000
AM Best score A++
Read full review
Plus Collapse
Best for local agents

Bankrate Score

Rating: 4.2 stars out of 5
4.2

Avg. annual premium

$2,199

$300K dwelling coverage

JD Power

829/1,000

Why State Farm made our list: State Farm is the largest home insurance company in the country and in the state of Alabama. State Farm is one of the most well-known names in the insurance industry, partially because of its size and its breadth of coverage offerings. With State Farm, homeowners can insure their car, life, get an umbrella policy, pet coverage and more. State Farm was also one of the small handful of insurers that scored above average in both J.D. Power studies (customer satisfaction and claims satisfaction).

Why State Farm may be the best for local agents: State Farm has an impressive network of 19,000 agents across the country, with over 20 offices throughout Huntsville. This could be especially helpful for homeowners with more than one State Farm policy looking for a dedicated agent for all their insurance needs.

Scores and Ratings
Bankrate Score 4.2
J.D. Power 829/1,000
AM Best score A++
Read full review
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Best for eco-friendly homes

Bankrate Score

Rating: 4.1 stars out of 5
4.1

Avg. annual premium

--

$300K dwelling coverage

Not available

JD Power

790/1,000

Why Travelers made our list: Travelers could be another strong option for homeowners looking for tailored coverage. On top of the basics (dwelling, other structures, personal property, loss of use and liability protection), Travelers' policies can be outfitted with several different add-on coverages — especially for valuable property. Travelers offers four different ways to insure valuables: a personal articles floater, jewelry and valuable items coverage and special personal property coverage.

Why Travelers may be best for eco-friendly homes: Travelers may be of particular interest to homeowners with eco-friendly homes. Not only does the company offer a discount of up to 5 percent to homes that are LEED certified, but it also offers special protection for green homes. With green home coverage, Travelers may help with the added cost of repairing your home with eco-conscious materials after a covered loss.

Scores and Ratings
Bankrate Score 4.1
J.D. Power 790/1,000
AM Best score A++
Read full review
Plus Collapse
Best for pre-packaged coverage options

Bankrate Score

Rating: 3.7 stars out of 5
3.7

Avg. annual premium

$2,199

$300K dwelling coverage

JD Power

--

Not rated

Why Encompass made our list: Encompass stands out for its EncompassOne policy, which combines home and auto coverage under one deductible and one premium, with a dedicated agent for both policies. Homeowners can also insure multiple homes under one policy. Home insurance from Encompass is also available as a standalone product.

Why Encompass may be best for pre-packaged coverage options: The EncompassOne policy is available in three different tiers: Special, Deluxe and Elite, each with its own coverage limits and endorsement options. Homeowners looking to take the guesswork out of building a policy may want to get a quote from Encompass.

Scores and Ratings
Bankrate Score 3.7
AM Best score A+
Read full review
Plus Collapse
Bankrate logo

Bankrate's trusted insurance industry expertise

Read our full methodology

The cost of home insurance can change throughout the year when insurance companies in Huntsville file for rate increases with the Alabama Department of Insurance. To keep up with these ever-changing figures, Bankrate updates our rates on a monthly basis to make sure our readers have the most up-to-date information possible.

46

years of industry experience

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

The cheapest home insurance companies in Huntsville 

Home insurance in Huntsville costs $2,400 per year for a policy with a $300,000 dwelling coverage limit. Depending on your finances, the cost of home insurance could break your budget. Bankrate's insurance editorial team identified some cheap home insurance companies for a variety of dwelling coverage limits. Our research indicates that Cincinnati, Allstate and USAA offer the cheapest home insurance in Huntsville for $300,000 in dwelling coverage.

Caret Down
Company Average monthly premium* Average annual premium*
$129
$1,548
$145
$1,742
$146
$1,756
Centauri
$158
$1,896
*Average rates for policies with $300K in dwelling coverage
Company Average monthly premium* Average annual premium*
$146
$1,548
$158
$1,742
$164
$1,756
Centauri
$185
$1,896
Company Average monthly premium* Average annual premium*
$181
$2,167
$183
$2,202
$199
$2,389
Centauri
$225
$2,702
Company Average monthly premium* Average annual premium*
$269
$3,224
$283
$3,395
$298
$3,579
$318
$3,811

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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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.

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How much is home insurance in Huntsville, Alabama?

The cost of home insurance in Huntsville is 13 percent less than the cost of home insurance in Alabama. For comparison, home insurance in Alabama is 23 percent more than the national average cost of home insurance of $2,230. Alabama’s higher home insurance rates are partially due to the state’s risk of natural disasters. Alabama is prone to hurricanes (especially along the shores of the Gulf of Mexico) and tornadoes. Huntsville’s more northern position may help shield it from the worst of the hurricane damage, but puts it closer to the Dixie Alley tornado path. This added risk could make affordable home insurance in Huntsville a little harder to find.

Huntsville rates by credit tier

Homeowners with excellent credit tend to receive the cheapest rates. Homeowners with bad credit are generally seen as more likely to file home insurance claims, so insurance companies usually charge them higher rates to account for it. Building credit can take time, but if you’re struggling to curb high home insurance costs, taking the steps to do it may result in some serious savings. Our research shows that homeowners with excellent credit pay 55 percent less on average compared to homeowners in Huntsville with poor credit.

Company Poor Credit Average Credit Good Credit Excellent Credit
$2,662
$1,623
$1,548
$1,308
$3,056
$1,898
$1,742
$1,460
$2,490
$1,828
$1,756
$1,586
Centauri
$3,093
$1,978
$1,896
$1,829
$3,927
$2,295
$2,199
$1,971

Huntsville rates by home age

How old your home is can also affect how affordable your home insurance rates are. Broadly speaking, older homes are usually more expensive to insure than new builds. Older homes, particularly ones that are built with materials that are more expensive now than they were 30 or 40 years ago, could make a rebuild after a total loss cost more for the insurer.

Company 1959 1982 1992 2010 2020
$1,934
$1,944
$1,950
$2,011
$1,185
$1,903
$1,859
$1,876
$2,074
$1,310
$2,568
$2,636
$2,575
$2,101
$1,532
Centauri
$3,004
$3,231
$3,047
$2,331
$1,638
$2,820
$2,820
$2,820
$2,538
$1,929

Huntsville rates by deductible 

If you’re really stumped on lowering your home insurance costs, don’t neglect your insurance deductible. A higher deductible home insurance policy could result in a lower premium, as you are transferring more of the financial risk away from the insurance company and onto you. However, be sure that your deductible always remains an amount you can reasonably afford to pay out on a moment’s notice.

Company $1,500 Deductible $2,000 Deductible $5,000 Deductible
$1,510
$1,512
$1,362
$1,621
$1,518
$1,111
$1,582
$1,582
$1,342
Centauri
$1,896
$1,743
$1,527
$2,199
$1,880
$1,555

Frequently asked questions

Methodology

Home insurance rates

Bankrate utilizes Quadrant Information Services to analyze June 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
  • Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
  • Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
  • Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
  • Coverage E, Liability: $500,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.

Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: “1959, 1982, 1992, 2010, 2016 (base) and 2020.”

Bankrate Scores

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

5
Rating: 5 stars out of 5
Overall Score
  • Cost & ratings 50%
  • Coverage & savings 30%
  • Support 20%
  • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
  • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
  • Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Written by
Natalie Todoroff
Writer, Insurance
Natalie Todoroff is an insurance writer for Bankrate, prior to which she wrote for a popular insurance comparison shopping app. She has a Bachelor of Arts in English and has written over 800 articles about insurance throughout her career.
Edited by Editor, Insurance