Home insurance is a critical consideration for every homeowner. The cost can vary across each state, but there are ways to get the best rate on your homeowners policy in Birmingham, Alabama.
Known as the Magic City, Birmingham is nested at the foothills of the Appalachian Mountains. It’s an excellent location to purchase a home. The city was named one of the most affordable cities for first-time homeowners in 2019.
Cheapest Birmingham Home Insurance
How to Find Cheap Home Insurance in Birmingham
Finding a home to purchase in Birmingham is straightforward because the city has a balanced housing market. Still, buying a home is no small feat. It’s likely the largest purchase you’ll make in your lifetime, and you should take steps to protect your investment.
One of the first things you need to safeguard your home is home insurance. While home insurance can’t prevent natural disasters, theft, or vandalism, the right policy can mitigate loss and cover the cost of repairs.
Cost is a consideration when looking for Birmingham home insurance. It’s important to keep in mind that coverage options aren’t one-size-fits-all. Every homeowner has different insurance needs, and rates can depend on your home’s age, its dwelling type, and which Birmingham neighborhood you live in.
It’s possible to get a cheap rate on home insurance in Birmingham. Keep reading to find out how you can save money on your policy.
MORE ON ALABAMA HOME INSURANCE
For general information on Alabama home insurance, check out our guide to the best homeowners insurance in Alabama.
Cheapest Home Insurance in Birmingham by Company
The average home insurance premium in Birmingham is $1,301. Your rate might be higher or lower than that. It comes down to your home’s value, the neighborhood you’re in, and your insurance options.
Home insurance is vital to homeownership, but that doesn’t mean you don’t have some control over what you pay. That’s where Insurify comes in. Compare insurance products, deductibles, and more to get the best home insurance in Birmingham.
|Average Home Cost in Birmingham||Average Annual Insurance Premium in Birmingham|
Cheapest ZIP Codes in Birmingham for Home Insurance
A home’s location and property value influence how much you pay for home insurance. The average price for a house in Birmingham is $X. However, lowering your house payment and your premium might be as easy as buying a home in a different part of the city.
Like property costs, home insurance varies in price from city to city. Pricing is determined on ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums.
Rates in Birmingham can be relatively high or low compared to the national average; it all depends on which town you live in. Here are the most and least expensive ZIP codes in Birmingham for home insurance.
|Most Expensive Real Estate in Birmingham||Cheapest Real Estate in Birmingham|
|Five Points South||$215,690||Tuxedo||$21,904|
Home value data from zillow.com
Cut Costs on Birmingham Home Insurance
Home Insurance Coverage Types in Birmingham
There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:
Mobile Home Form
Insurance for Natural Disasters and Extreme Weather in Birmingham
Natural disasters can cause significant damage to homes and property in Birmingham. The most common weather events in Alabama include tornadoes, hurricanes, floods, and thunderstorms.
Birmingham is part of Dixie Alley, which is separate from the well-known Tornado Alley. Dixie Alley is in the Gulf Coast area and has a high frequency of tornadoes, especially during the late fall months of October, November, and December. If a tornado forms near your home, you might experience hail, damage from flying debris, roof damage, shattered windows, and fallen trees.
Most Alabama homeowners policies cover tornadoes. But it only covers your home—you need car insurance from a separate auto policy to protect against destruction to your vehicle.
Some home insurance excludes specific perils, like wind and hail, and an insurance agency can require you to purchase additional coverage for tornado claims. If you’re buying home insurance in Birmingham, check the policy to make sure it covers damage from tornadoes.
Flooding is another weather concern. Tornadoes, hurricanes, and heavy rain from thunderstorms can all lead to flooding and water damage to your home. Home insurance does not typically cover flood damage.
To protect your home, you may need to purchase a separate flood insurance policy through the National Flood Insurance Program.
Mobile Home Insurance Coverage in Birmingham
Alabama is one of the top five states for manufactured housing. A standard homeowners insurance policy doesn’t cover mobile and manufactured homes. Instead, you need a different policy type to protect your living space when you live in a mobile home.
While the policy type is different, mobile home insurance generally provides the same coverage as house insurance: dwelling protection, other structures, personal property, liability, medical expenses, and loss of use coverage.
The best mobile home insurance will depend on the coverage you need. Keep in mind that your policy will only protect your home when it’s stationary. You’ll need a special policy to insure your mobile or manufactured home if you plan to move it.
Buying a new home can come with a lot of questions, especially when selecting house insurance.
Birmingham Homeowners Insurance FAQs
How much is homeowners insurance in Birmingham?
Your home insurance rate hinges on many factors. Your home’s value, the neighborhood crime rate, and the probability of natural disasters are significant variables. Out of the 10 costliest hurricanes in U.S. history, four have impacted Alabama, which can drive costs up. You can lower your premiums by being selective about the neighborhood where you purchase a home. Bundling your home and auto insurance policy with the same carrier can also qualify you for discounts.
How long does it take to file a homeowners claim in Birmingham?
Waiting for payment from a claim can be stressful. The time it takes to file a claim and receive payment can vary by company. It can also depend on other weather events in your area. You want an insurance company to resolve your claim quickly so you can get back to your everyday life. However, if severe weather swept through Birmingham, insurance agents are likely to be overwhelmed with claims, and that can slow down the processing time.
Does USAA insure homes in Birmingham?
Yes, USAA offers homeowners insurance in Birmingham. Coverage from USAA is only available to current and former members of the military and their families. It doesn’t offer many discounts, but it is a high-ranked insurer. Policies can include comprehensive coverage for all major perils. You can also customize your policy according to your needs.
Conclusion: How to Find the Cheapest Home Insurance in Birmingham
Finding the right insurance company can be difficult and may result in expensive premiums. With a little effort, you can find affordable Birmingham home insurance. Don’t leave your home to chance. When you protect your investment, you can rest easy knowing you have coverage if your home is damaged.
Use Insurify to compare home insurance premiums for your property in Birmingham. We simplify comparison shopping by giving you multiple home insurance quotes using one simple form.
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