Selma Insurance Rates:

Selma, AL homeowners insurance is about $792 to $1,074, about $66-$89/month. Our all inclusive analysis indicates shoppers can save upto $373 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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What Influences the Price of Your Home Insurance in Selma, AL

The average cost of home insurance in Selma, AL, is $923. A home insurance policy in Selma, AL, can protect your home and belongings in case of a covered loss, such as fire, wind damage, or theft. It can also provide liability coverage if someone is injured on your property. Selma, AL, is located in a tornado alley and experiences severe weather conditions throughout the year. Home insurance can protect your home from damage caused by severe weather, such as wind damage, hail, or flooding. A home insurance policy typically covers the dwelling, other structures on the property, personal belongings, and liability expenses. You can choose the coverage limits that best fit your needs. Home insurance can give you peace of mind knowing that your home and belongings are protected.  

Many factors affect the cost of a home insurance policy in Selma, AL. Some of the most common factors include the age and condition of the home, materials used to construct the house, the home's location, the amount of coverage, and the physical characteristics of the land. A few other factors are explained in this article below. 

1. Choosing a Higher Deductible

Homeowners insurance rates in Selma, AL, can be affected by choosing a higher deductible. A higher deductible means that the policyholder will have to pay more out-of-pocket expenses in case of a claim. While this may cause some financial hardship in the short term, it can save money on premiums in the long term. In addition, a higher deductible may make it easier to qualify for a policy in the first place. In Selma, Alabama, homeowners with deductibles of 500 and 1500, respectively, pay $911.92 and $776.61 in premiums. Homeowners with deductibles of 2000 and 2500 pay, respectively, $704.99 and $662.71. Therefore, the higher the deductible, the lower the home insurance premiums in Selma, Alabama. If you are considering increasing your deductible to lower your homeowner's insurance rates, you should speak to your insurance agent to see if this is a good option. They can help you compare rates with different deductibles to see how much you could save.

2. Installing Security Features

Many homeowners in Selma, AL, find that their insurance rates are influenced by the security features installed in their homes. By installing security features such as burglar alarms and security cameras, homeowners are able to get lower insurance rates. This is because insurance companies see these features as a way to reduce the risk of theft and vandalism. Homeowners who have these features installed in their homes are also less likely to make claims on their insurance policies. Homes in Selma, AL, that have deadbolts, for instance, pay $849.16 for their homeowner's insurance. Having deadlocks installed at home reduces the likelihood of theft or break-in.

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3. Maintaining a Zero Claims History  

Homeowners insurance rates in Selma, AL, are often influenced by a household's claims history. A Selma homeownercan keep its insurance rates low by maintaining a zero claims history. Homeowner's insurance companies often view homes with no claims as lower risk and, thus, will charge them lower rates. Additionally, a claims-free homeowner may qualify for discounts on their home insurance. Therefore, it is in a Selma homeowner's best interest to avoid filing any claims on their policy to keep their rates low. For example, in Selma, Alabama, homeowners with no prior claims have to pay a premium of $812.24. In contrast, in Selma, Alabama, homeowners with one or two claims must pay $987.61 and $1052.22 for their home insurance.

Selma, AL Homeowners Insurance By Home Value

Selma, AL Home Value Total Homes % of Total Average Selma, AL Homeowners Insurance
Less than $50,000 2,150 30.0% $279
$50,000 to $59,999 281 3.0% $587
$60,000 to $69,999 549 7.0% $737
$70,000 to $79,999 492 6.0% $849
$80,000 to $89,999 685 9.0% $960
$90,000 to $99,999 310 4.0% $1072
$100,000 to $124,999 777 10.0% $1240
$125,000 to $149,999 561 7.0% $1558
$150,000 to $174,999 333 4.0% $1838
$175,000 to $199,999 262 3.0% $2127
$200,000 to $249,999 385 5.0% $2556
$250,000 to $299,999 212 2.0% $3125
$300,000 to $399,999 144 2.0% $3974

Top Home Insurance Agents Near Selma, AL

Home Insurance Company Near Selma, AL Homeowners Insurance Agency Near Selma, AL Address
NA Anchor Insurance Dba Marion Insurance Agency P O Box 510 , Marion, AL, 36756
Nationwide Davenport Agency 696 N Silver Hills Dr Ste 116, Prattville, AL, 36066
State Farm Kris Mullins 305 E Jefferson St, Demopolis, AL, 36732-2255
Allstate Marengo Ins Agcy 107 W Washington St, Demopolis, AL, 36732
Travelers Willis Insurance Services Of California Inc 201 MONROE ST RSA TWR SUITE 2150, MONTGOMERY, AL, 36104

Selma, AL Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Selma, AL

Streets in Selma Area Homeowners Insurance Cost
Pine Acres Dr, Stiles Rd, Suther Spur Rd, Plantation, Kincey Ct, Dallas County 932, Lynngate Rd, Twilley Ave, Jacqueline Dr, Co Rd 37$916
Dallas County 856, Minter Aly, Battery Ave, Dallas County 861, Rountree Dr, Co Rd 513, Tanglewood Trailer Park, Ash Cir, Lamar Ave, Bibb St$917
Co Rd 212, Eugene Ave, Kaye Ave, Wright Dr, Clinton Ave, Meadowview Cir, Sherwood Dr, Dedman St, Dallas County 826, Cedar Dr$912
Woodland St, Chisolm Dr, Springdale St, Eden St, Co Rd 946, Deepwoods Dr, Twin Creeks Trl, Sunset Dr, Co Rd 232, Houston Park$932
Dallas County 906, Felix Rd, Crescent Hill Dr, Kelso Rd, Deepwood Dr, N Broad St, Fairview Rd, Co Rd 992, Co Rd 222, Co Rd 509$938

Selma, AL Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Selma$139 to $142
Valley Grande$142
Selmont-West Selmont$137
Dallas County$139

Selma, AL Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Valley Grande city, Alabama $143 $190 $285
Selmont-West Selmont CDP, Alabama $137 $182 $273
Selmont-Tyler CCD, Dallas County, Alabama $137 $183 $275

Selma, AL Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Selma, AL7.7%22.9%
Valley Grande7.07%23.24%
Selmont-West Selmont9.14%25.56%
Selmont-Tyler8.63%22.92%

Selma Renters Insurance as a Percentage of Rent

Selma Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 211 5.0% $371
$200 to $299 342 8.0% $821
$300 to $499 1,316 33.0% $1271
$500 to $749 1,298 32.0% $1946
$750 to $999 546 13.0% $2696
$1,000 to $1,499 224 5.0% $3821

Selma, AL Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,000$2,000
Yearly Selma Homeowner Insurance Premium Example $700$500
Out of Pocket Expense During Claim$1,000$2,000
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $6,600$6,000
Net Savings to Selma Home Owner from High Deductible Plan $600

Selma, AL Home Insurance Costs With Home Replacement Value Scenarios

Scenario Selma, AL Home Replacement Value MORE than Home Value Selma, AL Home Replacement Value LESS than Home Value
Replacement Value $145,500 $88,500
Insurance Premium based on Replacement Value $850 $525
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $23,500 Risk Exposure from Under Insuring Coverage is $33,500
Premium Impact Insurance cheaper by $200/year Insurance costlier by $125/year

Example Selma Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Amica Mutual Insurance CompanyFarmers InsuranceLiberty Mutual
Monthly Premium 276793
Year Built 200119731993
Home Details 3 Beds, 1 Baths4 Beds, 1 Baths5 Beds, 3 Baths
Coverage Amount $75000-$100000$150000-$175000$300000-$350000
Deductible $2500-$5000 Deductible$500 Deductible$2500-$5000 Deductible

Sample Home Insurance Rates for Selma, AL from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1991 305,000 Asphalt Shingles Roof 4,260 5 $500 Deductible 1330 12 Stucco siding No
1960 130,000 Tile Roof 2,000 4 $500 Deductible 100 2 Fiber-Cement Siding No
1963 140,000 Metal Roof 2,150 3 $1000-$2500 Deductible 580 12 Stucco siding yes
1977 180,000 Asphalt Shingles Roof 3,330 4 $500 Deductible 190 2 Vinyl siding No
1977 180,000 Metal Roof 2,510 4 $2500-$5000 Deductible 280 4 Brick siding No
1982 145,000 Tile Roof 2,380 4 $2500-$5000 Deductible 150 4 Stone Siding yes
1998 275,000 Metal Roof 3,940 5 $500- $1000 Deductible 960 9 Stone Siding yes
2000 110,000 Shingles Roof 2,180 3 $500 Deductible 660 12 Stone Siding yes
1966 105,000 Shingles Roof 2,030 5 $500 Deductible 360 9 Brick siding yes
1973 220,000 Metal Roof 3,350 4 $2500-$5000 Deductible 550 10 Fiber-Cement Siding yes
1974 175,000 Wood Shake Roof 2,920 4 $500 Deductible 380 4 Stucco siding yes
1995 130,000 Membrane Roof 2,130 4 $2500-$5000 Deductible 280 8 Stone Siding yes
1972 165,000 Shingles Roof 2,740 5 $1000-$2500 Deductible 530 7 Wood siding yes
2001 135,000 Asphalt Shingles Roof 2,330 4 $500 Deductible 460 9 Wood siding yes
1996 140,000 Wood Shake Roof 2,700 4 $500- $1000 Deductible 60 1 Fiber-Cement Siding No
1981 175,000 Slate Shingles Roof 2,900 4 $500- $1000 Deductible 470 9 Stone Siding No
1994 100,000 Shingles Roof 1,970 5 $2500-$5000 Deductible 350 10 Stone Siding yes
2009 160,000 Composition Roof 2,740 5 $500- $1000 Deductible 120 2 Wood siding yes
1997 285,000 Slate Shingles Roof 4,280 5 $5000 to $10,000 Deductible 680 8 Vinyl siding yes
1964 90,000 Membrane Roof 1,470 3 $500- $1000 Deductible 370 10 Brick siding yes
1982 210,000 Membrane Roof 3,190 5 $1000-$2500 Deductible 260 4 Brick siding yes
1974 150,000 Metal Roof 2,200 5 $500 Deductible 140 2 Fiber-Cement Siding No
1978 110,000 Slate Shingles Roof 2,070 3 $1000-$2500 Deductible 270 6 Wood siding yes
1975 140,000 Metal Roof 1,880 3 $500- $1000 Deductible 200 4 Brick siding yes
1986 140,000 Membrane Roof 2,670 4 $1000-$2500 Deductible 250 5 Stone Siding No
1971 105,000 Shingles Roof 1,660 3 $500 Deductible 210 7 Wood siding No
1996 90,000 Wood Shake Roof 1,640 4 $1000-$2500 Deductible 200 7 Stucco siding No
2009 170,000 Slate Shingles Roof 2,870 4 $500 Deductible 470 7 Stone Siding yes
2004 155,000 Membrane Roof 2,880 5 $1000-$2500 Deductible 540 9 Vinyl siding No
1982 260,000 Composition Roof 3,980 5 $500- $1000 Deductible 680 8 Vinyl siding No
2004 150,000 Shingles Roof 2,070 5 $1000-$2500 Deductible 100 2 Stone Siding No
1963 190,000 Slate Shingles Roof 2,610 4 $1000-$2500 Deductible 630 10 Stone Siding yes
1963 170,000 Metal Roof 2,800 4 $1000-$2500 Deductible 440 7 Stone Siding No

Latest Home Insurance Reviews

Allstate
My experience has been mostly good. They are responsive on the phone to all inquiries and adept at answering all questions.
Geico
geico is a good company for my home insurance and it helps me to save money so i really appreciate that.
Farmer's Insurance
They just recently hiked up the cost of homeowners insurance to a very noticeable rate for the lower than average income earner in america.
Metlife
They are always on top of things that really matter. For as long as I have had their insurance (annuity) they never make mistakes. They are on top of everything which makes them different from other insurance policy companies
State Farm
They always refer you to your agent. There is no customer service or central office available to the public - any "customer service" number you call still routes you to your local agent. If you have a problem with your local agent you are out of luck.
State Farm
I truly like how easy it is to utilize. Not hard to find the info you are looking for and I would certainly recommend it to anyone. No headaches with this site.
Liberty Mutual
I really like how the customer service agents are so friendly and don't act annoyed when you reach out with questions. They aren't eager to rush you off the phone either.
Allstate
I had Allstate before and it cost less, but I was very unsatisfied with the claims process and their attitude. Farm Bureau costs more, but so far I am happy with the service and willing to pay more for it.
Progressive
We're pretty happy. It's the right mix of coverage and price for us, and they've been very helpful with questions from first-time homeowners.

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