HomeInsuranceQts

Home Insurance in Alabama

The median home value in Alabama is $209,900.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Alabama was built around 1986. About 16% of homes were built before 1960.

The housing stock in Alabama is 71% single-family homes, 12% apartments in buildings with 5+ units and 12% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

About 54% of owner-occupied homes in Alabama have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

About 70% of occupied homes in Alabama are owner-occupied. The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Alabama - 67% - are primarily heated with electricity.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Alabama carries a statewide average premium of $1,906 per year.

Key figures

Median home value$209,900
Median year built1986
Owner-occupied share70%
Share of owner-occupied homes with a mortgage54%
Home insurance premium$1,906 - statewide average (NAIC, 2023 data)

Counties

Sources