How much is renters insurance in Mobile, AL

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Renters insurance in Mobile, costs $457 per year for $40,000 in personal property, $300,000 in liability and a $1,000 deductible, which is $133 more than the state average of $324 annually.

Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism.

Want to know who has the most affordable rates? Here are the most affordable renters insurance companies in Mobile.

Key Takeaways

Renters insurance costs an average of $457 per year or $38 per month in Mobile.
State Farm has the cheapest renters insurance for Mobile renters at $22 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 Mobile?

On average, renters in Mobile pay $38 per month for renters insurance, which is $11 more than the state average of $27. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

The cost of renters insurance in Mobile varies depending on your insurance company and the coverage limit you buy. Renters in Mobile typically pay $28 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $10 in your monthly premium.

Choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.

How much is renters insurance in Mobile by deductible?

Renters insurance in Mobile costs $373 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 $37 less every year for insurance.

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

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$373	$507	$632
$1,000	$336	$457	$572

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

Who offers cheap renters insurance in Mobile?

Your search for affordable renters insurance ends here.

State Farm has the lowest rates in Mobile, with an annual premium of $264 a year or $22 per month. Based on our data, Alfa Corporation and Allstate also offer cheap rates.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Mobile.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$264	$22
Alfa Corporation	$284	$24
Allstate	$303	$25
Auto-Owners	$347	$29
Nationwide	$400	$33
Country Financial	$429	$36
Farmers	$1,280	$107
USAA*	$239	$20

*USAA is only available to military community members and their families.

Tips for reducing the cost of renters insurance

Here are some tips to help reduce renters insurance costs in Mobile:

Bundle insurance policies. If you have other insurance policies, such as car insurance, consider bundling them with the same insurer. Many insurers offer discounts for bundling in Mobile.

Increase deductible. Opting for a higher deductible can lower your premium in Mobile, but make sure you’re comfortable with the amount you’d pay out-of-pocket in case of a claim.

Choose the right coverage. Review your policy regularly to ensure you don’t have extra coverage. For example, you might not need as much coverage for personal property if you don’t own many valuables.

Avoid small claims. Filing too many small claims can increase your rates over time. Consider paying for minor damages out-of-pocket instead of claiming them through insurance.

Shop around. Don’t settle for the first quote you receive. Compare renters insurance quotes in Mobile from multiple providers to find the best price for the coverage you need.

Renters insurance in Mobile, offers valuable protection for renters at an affordable price. While premiums can vary depending on location, coverage amount and individual circumstances, the peace of mind it provides is worth the investment. By understanding your coverage needs, comparing quotes and taking advantage of discounts, you can find an affordable policy that suits your budget.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Mobile in 2023 for $40,000 personal property coverage, $300,000 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.