I really doubt anyone looks forward to paying for auto insurance, especially when they could find better rates elsewhere.
Statistics show that about 70% of customers kept buying from the same company for at least four years, and roughly 40% of drivers have never compared rate quotes at all. Alabama drivers can save nearly $500 each year just by comparing rates, but they don't want to take the time to do a rate comparison.
Big companies like GEICO, Progressive and Allstate all claim big savings with catchy ads and it is challenging if not impossible to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.
You should take the time to shop coverage around before your next renewal since prices tend to go up over time. Despite the fact that you may have had the best rate on Toyota Prius V insurance in Birmingham two years ago you will most likely find a better premium rate today. Ignore everything you know about auto insurance because you're going to learn the tricks you need to know to save money, get proper coverage and the best rates.
Discounts mean cheaper rates for Toyota Prius V insurance in Birmingham
Car insurance is not cheap, but companies offer discounts that can help lower your rates. Many discounts should be triggered at the time of purchase, but once in a while a discount must be asked for before being credited.
- Use Seat Belts - Requiring all passengers to use their safety belts can save a little on medical payment and PIP coverage.
- Sign Early and Save - Some insurance companies give discounts for buying a new policy prior to your current Prius V insurance policy expiration. This can save 10% or more.
- Multiple Vehicles - Insuring multiple cars on one policy can get a discount on all vehicles.
- Anti-theft Discount - Vehicles that have factory anti-theft systems are stolen less frequently and that can save you a little bit as well.
- Braking Control Discount - Cars that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.
- Responsible Driver Discount - Insureds who avoid accidents may save up to 50% more compared to accident prone drivers.
It's important to note that most discounts do not apply to all coverage premiums. Most only apply to individual premiums such as collision or personal injury protection. Just because you may think you can get free auto insurance, it doesn't quite work that way.
To choose auto insurance companies who offer discounts in Birmingham, click here.
When quoting car insurance, remember that quoting more helps improve the odds of finding more affordable rates.
The providers in the list below are ready to provide comparison quotes in Birmingham, AL. If multiple companies are listed, it's highly recommended you click on several of them in order to get a fair rate comparison.
Why You Might Pay Lower Rates in Birmingham
Many things are taken into consideration when premium rates are determined. Some are pretty understandable like a motor vehicle report, but other criteria are not as apparent like your continuous coverage and annual miles driven. Smart consumers have a good feel for some of the things that help calculate the rates you pay for insurance. If you have some idea of what controls the rates you pay, this enables you to make decisions that may reward you with much lower annual insurance costs.
Fewer miles means better prices - The more you drive your Toyota annually the higher the price you pay to insure it. Almost all companies apply a rate determined by how the vehicle is used. Cars and trucks that do not get driven very much receive better premium rates than cars that get driven a lot. Incorrect rating for your Prius V is just wasting money. Double check that your insurance policy correctly shows annual mileage.
Gender as a rate factor - Statistics demonstrate that men are more aggressive behind the wheel. This data doesn't prove that men are worse drivers. Both sexes cause fender benders at about the same rate, but males get into accidents with more damage. Men also statistically get higher numbers of serious violations like driving under the influence (DUI).
Older drivers are lower risk - Mature drivers tend to be more responsible, statistically cause fewer accidents, and tend to be get fewer driving tickets.Teen drivers are statistically shown to be more careless in a vehicle so they pay higher insurance rates.
Maintain insurance coverage - Going without insurance will be a sure-fire way to increase your insurance rates. And not only will insurance be more expensive, getting caught without coverage may earn you a fine, jail time, or a revoked license.
Toyota Prius V statistical loss data - Insurers analyze historical claim data to help set a rate to offset losses. Vehicles that the data determines to have higher number or severity of losses will cost more for coverage. The data below shows the historical loss data for Toyota Prius V vehicles.
For each coverage type, the claim probability for all vehicles, without regard to make or model, is considered to be 100. Percentages below 100 suggest a better than average loss history, while numbers above 100 point to more losses or an increased likelihood of larger losses.
Toyota Prius V Insurance Claim Statistics
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Prius V Hybrid||94||86||88||88||94||97|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local agents and auto insurance
A lot of people would rather have an agent's advice and doing so can bring peace of mind One of the great benefits of comparing rate quotes online is you may find cheap rate quotes and still have an agent to talk to. Supporting neighborhood agents is important particularly in Birmingham.
For easy comparison, once you complete this quick form, your information gets sent to local insurance agents in Birmingham that give free quotes to get your business. It simplifies rate comparisons since you won't have to even leave your home because prices are sent to you. You can get cheaper auto insurance rates and a licensed agent to work with. If you want to compare rates from a specific insurance company, feel free to go to their quote page and fill out the quote form the provide.
Exclusive or Independent: There is a difference
If you want to buy auto insurance from a reputable agency, there are two different types of agencies to choose from. Auto insurance agents can be classified as either independent or exclusive depending on the company they work for.
Independent Auto Insurance Agencies
Independent insurance agents are not employed by one company and that gives them the ability to insure with multiple insurance companies and find the cheapest rate. If they find a cheaper price, the business is moved internally and you don't have to do anything.
When comparing auto insurance rates, we recommend you get rate quotes from several independent agencies so that you can do a thorough price comparison.
Shown below is a partial list of independent insurance agents in Birmingham that can give you price quotes.
Alabama Insurance Agency, Inc.
1100 Corporate Dr Suite 100 - Birmingham, AL 35242 - (205) 397-2462 - View Map
Nationwide Insurance: Hayes-Rasbury Insurance Agency Inc
221 Lapala Dr - Birmingham, AL 35214 - (205) 798-4238 - View Map
These agents can only provide pricing for a single company and examples are State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot provide other company's prices so keep that in mind. They receive extensive training on what they offer and that can be a competitive advantage.
The following is a short list of exclusive insurance agents in Birmingham that can give you price quote information.
Robert Hodges - State Farm Insurance Agent
9721 Pkwy East, Ste D - Birmingham, AL 35215 - (205) 836-7234 - View Map
Finding a good insurance agent shouldn't rely on just a cheap quote. These are some questions you should get answers to.
- How is replacement cost determined on your vehicle?
- Are they primarily personal or commercial lines agents in Birmingham?
- Do they have a Better Business Bureau rating in Birmingham?
- Do the agents have professional certifications like CPCU or CIC?
- Do they prorate repair cost based on vehicle mileage?
Upon receiving positive feedback to these questions and an affordable coverage quote, it's a good possibility that you have found an insurance agent that meets the requirements to properly insure your vehicles. Just be aware that you are entitled to terminate coverage any time you want so don't assume that you are obligated to the auto insurance policy for the full policy term.
Insurance is an important decision
Despite the high cost, insuring your vehicle is required by state law in Alabama and it also provides benefits you may not be aware of.
First, almost all states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability coverage if you don't want to risk a ticket. In Alabama these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your Prius V with a loan, almost every bank will stipulate that you have insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank may insure your Toyota at an extremely high rate and force you to reimburse them for it.
Third, insurance protects both your vehicle and your assets. It will also cover all forms of medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of buying insurance are without a doubt worth the cost, particularly if you ever have a claim. On average, a vehicle owner in Birmingham overpays as much as $869 every year so you should quote your policy with other companies at every policy renewal to save money.
Quote. Compare. Save.
We covered some good ideas how to lower your Toyota Prius V insurance rates in Birmingham. The key concept to understand is the more providers you compare, the better your comparison will be. You may even be surprised to find that the lowest priced insurance comes from a smaller regional carrier. Regional companies may have significantly lower car insurance rates on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.
Some companies do not provide online price quotes and most of the time these small, regional companies work with independent agents. Budget-conscious Toyota Prius V insurance is available online and from local agencies, and you should compare rates from both in order to have the best chance of saving money.
When trying to cut insurance costs, do not buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured cut uninsured motorist or liability limits only to discover later they didn't purchase enough coverage. Your aim should be to purchase a proper amount of coverage at the lowest possible cost but still have enough coverage for asset protection.
Much more information about insurance in Alabama can be found on the following sites: