Find Affordable Homeowners Insurance

Montgomery AL Home Insurance Rates

Homeowners insurance is a necessity in areas that are prone to natural disasters and have a high crime rate. Montgomery, Alabama is no exception as it is exposed to natural calamities like tornados and a lot of crime. Both the overall crime rates and property crime rates in the city far exceed the state and national average.

Home Insurance Premiums in Montgomery

The average monthly home insurance premium in Montgomery is $136.45, which is lower than the Alabama state average of $144.95.

We reached this figure after getting quotes from the top 3 companies in the city for homeowners insurance (i.e., State Farm, Liberty Mutual and Travelers) for 5 zip codes to cover the diversity in the city. To get these quotes, we presented a 2000-era 1500 sq. ft. house with two full bathrooms and a value of $150,000. We also assumed the roof was replaced in 2015.

After thorough analysis, we found Travelers as the cheapest homeowners insurance company in the city with an average of $106.6, which is far cheaper than the city average of $136.45. State Farm and Liberty Mutual were more expensive with an average of $170.95 and $131.8, respectively.

Zip CodesState FarmLiberty MutualTravelersZip Code Average
Company averages$170.95$131.80$106.60Montgomery Average Monthly Premium: $136.45
36106
$173.58$124.00$107.00$134.86
36108$177.00$137.00$110.00$141.33
36109$167.25$129.00$97.00$131.08
36116$174.50$125.00$116.00$138.50
36117$162.41$144.00$103.00$136.47

Geographical Location

Montgomery is the capital of the state. Located in the south-central Alabama, the city lies at a point where the Alabama River is formed by the convergence of Coosa and Tallapoosa rivers. It is situated at the coastal plain of the Gulf of Mexico, which is a basin of the Atlantic Ocean. The city has a population of 199,518 and contains 92,631 housing units with a median value of $118,000. The median household income is $44,339.

Climate

The city has a humid sub-tropical climate marked with mild winters, warm springs and hot summers. Thunderstorms are common during the summer and are responsible for most of the rainfall. From December to March, the intensity of the rain may bring about floods. These weather extremities often cause damages, which necessitate homeowners insurance in Montgomery. The city has an average of 2 tornadoes per year.

Crime Statistics

The overall crime rate of Montgomery is 45% and 84% higher than the rest of the state and the national average, respectively. The total number of crimes reported in Montgomery is 5061 per 100,000 people, which is incredibly high as compared to the 3482 and 2745 incidents per 100,000 people in the state and country, respectively.

The situation with property crime is even worse, which is higher by 49% and 87% than the state and national average, respectively. Montgomery witnessed 4420 property crimes per 100,000 people, whereas Alabama had 2957 per 100,000 people. The situation is even more alarming when comparing this number with the national average of 2357 property crimes per 100,000 people.

These statistics make it clear that Montgomery can be a much more dangerous place than the rest of the state and even the entire country. This situation clearly means that each citizen must have adequate home insurance coverage.

Other Alabama Cities:

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