Madison, AL homeowners insurance is nearly $867 to $1,182, about $72-$98/month. Our extensive research reveals consumers can save as much as $409 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
| Home Insurance Company Near Madison, AL | Homeowners Insurance Agency Near Madison, AL | Address |
|---|---|---|
| State Farm | Bradley Hamner | 11310 Memorial Pkwy SW Ste C, Huntsville, AL, 35803-2477 |
| Farmers | Cale Abernathy | 22270c Us Highway 72, Athens, AL, 35613 |
| Farmers | Charles Dorning | 102 Maple St E, Fayetteville, TN, 37334 |
| Travelers | Chris Miller Agency | 3315 MEMORIAL PKWY SW BUILDING 400 STE 5, HUNTSVILLE, AL, 35801 |
| Travelers | Community Insurance Llc | 100 Church St Ste 600, Huntsville, AL, 35801 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Triana CCD, Madison County, Alabama | $155 | $206 | $309 |
| Mooresville CCD, Limestone County, Alabama | $152 | $203 | $305 |
| Huntsville CCD, Madison County, Alabama | $146 | $195 | $293 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Madison, AL | 5.3% | 22.2% |
| Triana | 5.87% | 20.24% |
| Mooresville | 5.79% | 22.22% |
| Huntsville | 6.88% | 23.44% |
| Madison Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 47 | 1.0% | $776 |
| $300 to $499 | 166 | 4.0% | $1226 |
| $500 to $749 | 1,025 | 25.0% | $1901 |
| $750 to $999 | 1,540 | 37.0% | $2651 |
| $1,000 to $1,499 | 972 | 23.0% | $3776 |
| $1,500 or more | 295 | 7.0% | $5426 |
| Deductible | Coverage | Company | Premium ($) |
|---|---|---|---|
| $500 | $150,000 | Alfa Mutual General Insurance Co | 1571 |
| $500 | $150,000 | Country Mutual | 1046 |
| $500 | $150,000 | Travelers Home And Marine Insurance Company | 1695 |
| $500 | $150,000 | United Services Automobile Association | 1191 |
| $500 | $300,000 | Alfa Mutual General Insurance Co | 3136 |
| $500 | $300,000 | Armed Forces Insurance Exchange | 1370 |
| $500 | $300,000 | Farmers Insurance Exchange | 2749 |
| $500 | $300,000 | Nationwide Mutual Fire Ins Company | 1965 |
| $500 | $300,000 | Travelers Home And Marine Insurance Company | 3169 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $1,800 |
| Yearly Madison Homeowner Insurance Premium Example | $1,900 | $1,400 |
| Out of Pocket Expense During Claim | $800 | $1,800 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $6,500 | $6,000 |
| Net Savings to Madison Home Owner from High Deductible Plan | $500 | |
| Scenario | Madison, AL Home Replacement Value MORE than Home Value | Madison, AL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $278,500 | $167,500 |
| Insurance Premium based on Replacement Value | $1,450 | $875 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $50,000 | Risk Exposure from Under Insuring Coverage is $61,000 |
| Premium Impact | Insurance cheaper by $325/year | Insurance costlier by $250/year |
| Insurance Company | Farmers Insurance | State Farm | Chubb Group of Insurance |
| Monthly Premium | 78 | 133 | 80 |
| Year Built | 2004 | 1990 | 2013 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $300000-$350000 | $350000-$400000 | $400000-$500000 |
| Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible | > $10,000 Deductible |