Home Insurance in Clay County, Alabama

With a median home value of $156,700, Clay County is 25% lower than the Alabama median.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Clay County was built around 1984. About 21% of homes were built before 1960, about 5 points above Alabama's 16%.

The housing stock in Clay County is 67% single-family homes, 2% apartments in buildings with 5+ units and 22% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

About 34% of owner-occupied homes in Clay County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

Clay County has an owner-occupancy rate of 79% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.

Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Clay County - 57% - are primarily heated with electricity.

FEMA's National Risk Index lists wildfire (Relatively Low), hurricane (Relatively Low) and tornado (Relatively Moderate) as the leading hazards for Clay County.

Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. Clay County has no active NFIP flood policies on file.

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

Key figures

Median home value$156,700
Median year built1984
Owner-occupied share79%
Share of owner-occupied homes with a mortgage34%
Top hazards (FEMA National Risk Index)Wildfire (Relatively Low), Hurricane (Relatively Low), Tornado (Relatively Moderate)
Home insurance premium$1,906 - statewide average (NAIC, 2023 data)

Towns and cities

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