Montgomery ,AL Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Montgomery, AL homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Montgomery, AL is $1642. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Montgomery, AL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Montgomery, AL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $657 |
| $200,000 | $1,117 |
| $300,000 | $1,379 |
| $400,000 | $2,102 |
| $500,000 | $2,644 |
Home insurance costs in Montgomery can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 036104 | $2,125 |
| 36108 | $2,106 |
| 36107 | $2,102 |
| 36110 | $2,105 |
| 36105 | $2,116 |
| 36117 | $2,282 |
| 36106 | $2,238 |
| 36111 | $2,227 |
| 36109 | $2,182 |
| 36116 | $2,175 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Montgomery, AL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,684 |
| $1000 Deductible | $1,506 |
| $1500 Deductible | $1,420 |
| $2500 Deductible | $1,281 |
| $5000 Deductible | $1,084 |
| Home Insurance Company Near Montgomery, AL | Homeowners Insurance Agency Near Montgomery, AL | Address |
|---|---|---|
| NA | Mims Insurance Agency | 1256 Perry Hill Road, Montgomery, AL, 36109 |
| State Farm | Alex Bowden | 1804 W 2nd St, Montgomery, AL, 36106-1504 |
| Travelers | Robinson Group Llc | 1521 MULBERRY ST, MONTGOMERY, AL, 36106 |
| State Farm | Shane Anderson | 5289 Vaughn Rd, Montgomery, AL, 36116-1104 |
| Nationwide | Stephen W Nelson | 2800 Zelda Road Ste 200-2, Montgomery, AL, 36106 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Montgomery County, Alabama | $143 | $191 | $287 |
| Coosada town, Alabama | $142 | $189 | $284 |
| Hope Hull CCD, Montgomery County, Alabama | $140 | $187 | $281 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Montgomery, AL | 6.8% | 21.8% |
| Montgomery County | 6.71% | 21.69% |
| Coosada | 6.85% | 22.83% |
| Hope Hull | 7.75% | 19.19% |
| Montgomery Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 478 | 1.0% | $359 |
| $200 to $299 | 1,001 | 3.0% | $809 |
| $300 to $499 | 2,305 | 7.0% | $1259 |
| $500 to $749 | 9,010 | 29.0% | $1934 |
| $750 to $999 | 10,401 | 34.0% | $2684 |
| $1,000 to $1,499 | 5,814 | 19.0% | $3809 |
| $1,500 or more | 1,363 | 4.0% | $5459 |
| Streets in Montgomery Area | Homeowners Insurance Cost |
|---|---|
| Schley St, Flagstaff Dr, Kirkwood Dr, Sagewood Dr, Caswell Ln, Atasi Dr, N Hilliard St, Countryside Ln, Phillip St, Mary St | $1,003 |
| Greythorne Pl, Washington Ferry Rd, Rosewood Dr, Short Leaf Pine Dr, Rick Dr, Rice St, Jamac Ln, East St, George Mull St, Cheswick Ct | $930 |
| Hibiscus St, Hope Dr, Holmes Way, Smallbrook Dr, Highpoint Rd, Melton Rd, Cedar Pines Rd, Eddins Rd, Knollgate Rd, Blair Pl | $940 |
| Penn Rd, Forest Edge Pl, Treat Rd, Woodmere Blvd, Overhill Rd, Finley Ave, Putnam St, Duff St, Heath Dr, Hilmar Ct | $979 |
| Forest Grove Dr, Festival Pl, N McCracken Ave, Whetstone Dr, Sanford St, Park Blvd, Wynford Cir, Tillman Ct, Cobb Ln, Mosswood Rd | $942 |
| Elm Dr, Bristlecone Dr, Teague Rd, Fieldstone Ct, Short St, Hilda Dr, S Lincoln Ter, Lakeridge Dr, N Union St, Ledyard Dr | $924 |
| Williams Stinson Rd, Mendel Pkwy E, Loxley Ln, Dunleith, Baldwin Brook Dr, Gundy St, Greythorne Way, Delta St, Lyndle Rd, Grande Ave | $940 |
| Warrenton Rd, Springfield Dr, Thurston Dr, Reid St, Newcomb Ave, Brewer Rd, Ashton Rd, Deeming St, Teresa St, Twin Lakes Dr W | $928 |
| Kenilworth St, Festival Dr, Festival Ln, Ray Thorington Rd, Ralston Way, Wildbriar Ln, N Wallace Dr, Euclid Cir, Peppertree Ln, Lakeside Ln | $968 |
| Eastwood Dr, Plantation Ridge Rd, Barberry St, Woodward Ave, Goodwyn Ct, S Morris Ave, Boys Club Rd, Westport Blvd, Floral Ln, Crystal Rd | $946 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Montgomery | $143 to $145 |
| Montgomery County | $143 |
| Coosada | $142 |
| Hope Hull | $140 |
| Deductible | Coverage | Company | Premium ($) |
|---|---|---|---|
| $500 | $150,000 | Farmers Insurance Exchange | 1428 |
| $500 | $150,000 | Fire Insurance Exchange | 1542 |
| $500 | $150,000 | Garrison Property And Casualty Insurance Company | 1220 |
| $500 | $150,000 | Guideone Specialty Mutual Insurance Co | 1369 |
| $500 | $150,000 | State Farm Fire & Casualty Company | 1793 |
| $500 | $300,000 | Farmers Insurance Exchange | 2749 |
| $500 | $300,000 | Travelers Home And Marine Insurance Company | 3169 |
| $500 | $300,000 | Usaa Casualty Insurance Company | 2008 |
| $500 | $300,000 | Usaa General Indemnity Co | 1948 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $2,800 |
| Yearly Montgomery Homeowner Insurance Premium Example | $1,100 | $700 |
| Out of Pocket Expense During Claim | $800 | $2,800 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $8,500 | $7,700 |
| Net Savings to Montgomery Home Owner from High Deductible Plan | $800 | |
| Scenario | Montgomery, AL Home Replacement Value MORE than Home Value | Montgomery, AL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $233,500 | $154,000 |
| Insurance Premium based on Replacement Value | $1,350 | $900 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $31,500 | Risk Exposure from Under Insuring Coverage is $48,000 |
| Premium Impact | Insurance cheaper by $275/year | Insurance costlier by $175/year |
| Insurance Company | Travelers | Chubb Group of Insurance | Nationwide Insurance |
| Monthly Premium | 58 | 97 | 60 |
| Year Built | 2006 | 1980 | 1977 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 3 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $150000-$175000 | $200000-$250000 | $175000-$200000 |
| Deductible | $500 Deductible | $500 Deductible | $5000 to $10,000 Deductible |