Auburn Homeowners Insurance

Your Complete Guide to Auburn, AL Homeowners Insurance

The town of Auburn is home to more than 63,000 residents. This historic college town—home to Auburn University—is the fastest-growing metropolitan area in Alabama and one of the fastest-growing in the nation, as well. 

Auburn has a robust economy, average crime rate, and abundant arts, cultural, and recreational attractions that are enjoyed by citizens and visitors alike. If you own a home in this dynamic and historic city, be sure to protect your investment with a home insurance policy that will respond when you need it most. 

An independent insurance agent in Auburn can help you find the best home insurance policy for your needs. Independent agents can help you get quotes from multiple insurance companies, so you can make the best choice for your needs and budget. 

Cost of Homeowners Insurance in Auburn, AL

Alabama is the 12th most expensive state for home insurance in the US. The average cost of homeowners coverage in Auburn is higher than the national average.

  • National average yearly premium: $1,173
  • Alabama average yearly premium: $1,358
  • Auburn average yearly premium: $1,483

Actual home insurance rates provided by your independent agent will be more or less than average. This is especially true in a city like Auburn, where you can find a wide range of home values, as well as numerous older, historic homes with special insurance considerations. 

Home insurance rates are calculated on a case-by-case basis and are based on factors such as: 

  • The size of your house, the year it was built, and the age of your roof
  • The estimated cost to rebuild your home (replacement cost)
  • Your history of filing claims and your credit score
  • Your coverage limits and deductible amount
  • Whether you are purchasing other policies, such as car insurance, from the same insurance company

What’s more, every insurance company uses a different formula to calculate its rates, so premiums vary from carrier to carrier. It’s important to shop around to find the policy and insurance company that best fits your needs and budget. 

Independent agents in Auburn are there to help. Contact an agent today to get competitive quotes for about Auburn, AL homeowners insurance. 

Burglary Rate in Auburn, AL

The burglary rate in Alabama is quite high compared to the national rate, but in Alabaster, the burglary rate is lower. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Alabama: 7.0
  • Number of burglaries per 1,000 homes in Auburn: 4.29 

Even though Auburn is a fairly safe city, most homeowners will want to take precautions to prevent thefts and break-ins. Be sure to lock your doors, keep your home well-lit, and make your house look occupied even when you aren’t at home. Home security systems serve as excellent theft deterrents, and many insurance companies offer discounts to policyholders who have installed burglar alarms in their homes.

If you are the victim of a burglary, your homeowners insurance company can reimburse you for lost and damaged possessions, as well as broken windows, doors, or locks. Be sure to call the police and your insurance company immediately if you discover a break-in. Keep a copy of the police report, too, because you’ll need it to file an insurance claim. 

And don’t forget, your independent insurance agent is there to help and advise you through the claims process. 

Catastrophic Events in Alabama

  • Number of declared disasters in Alabama: 82
  • Most common reasons for disasters in the state: Severe Storms and Hurricanes
  • Average number of tornadoes per year in Alabama: 47.1
  • Average amount of property damage per year in Alabama: $670,506,000
  • 1 in 15 insured homes has a claim each year

The purpose of homeowners insurance is to cover your financial losses when something damages or destroys your home or personal property. As a homeowner in Auburn, you face hazards like fires, property crimes, and severe weather events like hurricanes and tornadoes.

And while covering the structure of your home appropriately is essential, be sure to get the coverage you need for your possessions, too. Sometimes certain art, valuables, or collections need additional riders or endorsements to ensure you are reimbursed for their full value if you have a loss. 

Hurricanes are a real threat in Alabama. It’s important to keep in mind that while damage caused by hurricane wind and rain is covered by a home insurance policy, and damage caused by flooding is not. 

Alabama residents should consider purchasing separate flood insurance from the National Flood Insurance Program (NFIP). Your independent insurance agent can help guide you.

Liability Insurance for Auburn Homeowners

Your Auburn home insurance covers you against certain types of lawsuits you could face as a homeowner. While the likelihood of being sued is pretty low, the liability insurance portion of your homeowners policy becomes your financial lifeline if someone accuses you of negligence. 

Liability insurance covers expenses related to a lawsuit. These include attorney fees, court costs, and even any damages you are required to pay if you are sued for a covered event. Your homeowners insurance policy responds to lawsuits related to third-party injuries that occur on your property, damage caused by your pets or children, accusations of libel or slander, and other acts of negligence by you or a family member.

Many homeowners in Auburn choose to supplement their homeowners liability coverage with a personal umbrella policy. It enables you to protect all of your assets if you are forced to pay out a sum in excess of the liability limits of your home or auto insurance policy. 

An independent agent can help you assess your needs and explain more about your liability insurance options.

Second Home and Vacation Home Insurance

Many Auburn residents may own a vacation home, cottage, or rental property. Any type of second home needs insurance coverage, and homes that do not serve as a primary residence actually involve some additional risks. You may even find that your second home insurance is more costly than the coverage for your primary residence. 

Vacation homes are often left unoccupied and unattended for several months of the year. These homes are more susceptible to thefts, vandalism, break-ins and property damage than homes that are occupied all year. Vacant home insurance can help give you peace of mind in these situations. 

If you have a rental property, your risk for liability claims and lawsuits is higher. Landlord insurance is typically necessary if you own a second home that is occupied by tenants. 

An independent insurance agent in or near Auburn can help you find the best policies to cover all of your properties. 

Why Work with an Independent Insurance Agent?

Independent insurance agents make it fast and easy to find the best policy to cover your Auburn home. Because they aren’t tied to a single insurance company, they can help you comparison shop for the best coverage and most affordable rates for your needs. 

Find an agent in or near Auburn to start comparing customized home insurance quotes from an assortment of highly rated insurers.

Now, who's ready to get their insurance problems solved?