How much is renters insurance in Mobile, AL

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In [city_name/], [state_abbr/], the average cost of renters insurance is [avg_annual_rate/] annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is [difference/] the state average of [state_avg_number/] per year.

Renters insurance costs can vary based on the coverage you choose and the amount of liability protection included in your policy. If you’re living in a rental, it’s a smart way to protect your personal belongings from things like fire, smoke, theft, vandalism, and other covered incidents.

Let’s take a look at the cheapest renters insurance options in [city_name/].

Key Takeaways

Renters insurance costs an average of [avg_annual_rate/] per year or [avg_monthly_rate/] per month in [city_name/].
[first_cheapest_company/] has the cheapest renters insurance for [city_name/] renters at [first_cheapest_per_month_avg_rate/] per month.
Taking advantage of discounts, such as having a security system or bundling renters insurance with other insurance policies, can help reduce your insurance premiums.

What is the average cost of renters insurance per month in [city_name/]?

The average monthly cost of renters insurance in [city_name/] is [avg_monthly_rate/], which is [difference_monthly/] the state average of [state_avg_monthly/]. This rate is for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in [city_name/] pay [avg_monthly_rate_200/] monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by [difference_400_200/].

Higher coverage limits are recommended if you own valuable items like jewelry, furniture, and electronics.

How much is renters insurance in [city_name/] by deductible?

Renters insurance in [city_name/] costs [avg_annual_rate_200_500/] per year for a $500 deductible and $20,000 in personal property coverage.

Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay [ded_difference/] less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amounts.

[tbl_renters_city_data_by_coverage]

Note: The liability protection coverage is $100,000.

Who offers cheap renters insurance in [city_name/]?

Your search for affordable renters insurance ends here.

[first_cheapest_company/] has the lowest rates in [city_name/], with an annual premium of [first_cheapest_annual_avg_rate/] a year or [first_cheapest_per_month_avg_rate/] per month. Based on our data, [second_cheapest_company/] and [third_cheapest_company/] also offer cheap rates.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in [city_name/], [state_abbr/].

[tbl_renters_city_data_by_company]

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in [city_name/]:

Bundle policies. If you have other policies through the same insurer, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in [city_name/] offer savings for bundling policies.

Increase your deductible. Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount. Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims. Filing multiple small claims can drive up your rates. Consider paying for minor damages yourself to keep your premium low.

Shop around for quotes. Don’t settle for the first offer. Compare renters insurance rates from multiple providers in [city_name/] to find the best coverage at the lowest price.

Renters in [city_name/], [state_abbr/] should purchase renters insurance to protect their personal belongings, provide liability coverage, and cover additional living expenses if their rental becomes uninhabitable due to a covered event. Premiums may differ based on location, coverage amount and individual circumstances, but the peace of mind it offers is worth the investment. You can get an affordable policy that fits your budget by assessing your coverage needs, comparing quotes and taking advantage of available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in [city_name/] for $40,000 personal property coverage, $100,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.