How much is homeowners insurance in Birmingham,NJ

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Birmingham is $1,592 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $912 less than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Birmingham depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

New Jersey Manufacturers is the cheapest homeowners insurance company in Birmingham with an average annual premium of $1,592 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Birmingham. Keep reading to learn about the monthly cost of homeowners insurance in Birmingham, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Birmingham.

Key takeaways

The cost of your homeowners insurance policy in Birmingham can vary based on factors such as your location, the value of your home, and the coverage options you select.
New Jersey Manufacturers is the cheapest homeowners insurance company in Birmingham with an average annual premium of $1,070.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $380 more, annually for home insurance.

How much is homeowners insurance in Birmingham per month

According to our rate analysis, homeowners in Birmingham pay an average of $133 per month. It’s $8 more than the state average of $125 and $76 less than the national average for home insurance across the United States.

In Birmingham, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

How much is homeowners insurance for a $200,000 house in Birmingham

The average cost of homeowners insurance in Birmingham, NJ is $1,212 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Birmingham

Based on a rate analysis conducted by Insure.com, Birmingham residents pay an average of $1,592 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $380 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

How much is homeowners insurance in Birmingham by company

Among the carriers analyzed, New Jersey Manufacturers is the cheapest homeowners insurance company in Birmingham. It’s average annual rate for Birmingham homeowners is $1,070. National General Insurance ranks second and Chubb Ltd makes it to the third spot with an average annual home insurance rate of $1,130.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Birmingham and prepared a list of the cheapest home insurance providers. You can find below the Birmingham home insurance companies and their average annual premium.

Home insurance company	Annual rate
New Jersey Manufacturers	$1,070
National General Insurance	$1,092
Chubb Ltd	$1,130
Franklin Mutual	$1,390
State Farm	$1,458
Heritage Insurance Holdings	$1,962
Farmers	$2,055
Plymouth Rock Assurance	$2,361
USAA*	$1,318

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Birmingham for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.