Cheap Auto Insurance in Selma

How many times have you said it's time to compare more competitive car insurance rates in Selma, AL? Paying for overpriced car insurance in Selma can drain your savings and put a big crunch on your finances. Doing a price comparison is an excellent way to lower your monthly bill.

Sadly, nearly 70% of consumers kept their coverage with the same car insurance company for at least the last four years, and approximately 40% of consumers have never compared rates with other companies. Consumers in the U.S. could cut their rates by up to $860 a year by just shopping around, but most tend to underestimate the actual amount they would save if they just switched companies. There are many insurers to choose from, and though it is a good thing to have a choice, more options can take longer to compare rates.

You should take the time to quote other rates once or twice a year because rates change quite often. Even if you think you had the lowest premium rates on car insurance at your last renewal you may be paying too much now. Forget all the misinformation about car insurance because I'm going to teach you the things you must know in order to lower your annual insurance bill.

The companies in the list below are our best choices to provide free rate quotes in Alabama. If multiple providers are shown, we suggest you compare several of them to get the lowest price.

Insurance Estimates for Popular Vehicles in Selma
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Crew Cab 4WD $992 $496 $83
Dodge Ram Quad Cab Sport 2WD $1,354 $677 $113
Ford Escape XLT 4WD $1,038 $519 $87
Ford F-150 Lariat Crew Cab Harley 2WD $1,110 $555 $93
Ford Focus SE 4-Dr Sedan $1,282 $641 $107
Honda Accord LX-P 4-Dr Sedan $870 $435 $73
Honda CR-V EX 2WD $756 $378 $63
Honda Civic Hybrid 4-Dr Sedan $1,438 $719 $120
Hyundai Sonata GLS 4-Dr Sedan $842 $421 $70
Mazda 3 I Touring 4-Dr Sedan $918 $459 $77
Nissan Altima 2.5 S 4-Dr Sedan $1,108 $554 $92
Nissan Rogue SL 2WD $954 $477 $80
Toyota Camry LE $1,448 $724 $121
Toyota Corolla LE $1,260 $630 $105
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alabama minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can impact premium rates greatly.

Comparison of auto insurance rates by gender

The diagram below illustrates the comparison of car insurance rates for male and female drivers in Selma. The information is based on no accidents, no driving violations, full coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration on a Ford Fusion Sport AWD.

Ford Fusion rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Should you buy full coverage?

The illustration below shows the difference between Ford Fusion premium costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents or driving violations, $250 deductibles, married male driver, and no discounts are taken into consideration.

Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you be buying full coverage?

There is no definitive formula of when to eliminate full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's say your Ford Fusion replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after you pay the deductible. If you are paying more than $300 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some situations where dropping full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Analysis of deductible levels

The information below highlights how deductible choice and can affect Toyota Camry premium costs for different categories of driver ages. The price estimates are based on a married male driver, full coverage, and no discounts are taken into consideration.

Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.

Three reasons to insure your vehicle

Even though it's not necessarily cheap to insure a vehicle in Selma, paying for auto insurance is a good idea for several reasons.

First, the majority of states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability insurance if you want to drive legally. 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 your car has a lienholder, it's most likely the lender will require that you have comprehensive coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your vehicle for a much higher rate and force you to pay a much higher amount than you were paying before.

Third, auto insurance protects both your assets and your vehicle. It will also reimburse you for many types of medical costs for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers legal expenses if you cause an accident and are sued. If you have damage to your vehicle as the result of the weather or an accident, your auto insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance definitely exceed the price paid, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is overpaying more than $869 every year so shop around at every renewal to make sure the price is not too high.

You may qualify for discounts

Not many people think insurance is cheap, but there are discounts available that you may not even be aware of. Many of these discounts will be applied automatically at the time of purchase, but once in a while a discount must be asked about before they will apply. If you don't get every credit you qualify for, you are throwing money away.Save money with discounts

Policy discounts save money, but most of the big mark downs will not be given to the overall cost of the policy. Most cut individual premiums such as collision or personal injury protection. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.

A list of auto insurance companies and their offered discounts are outlined below.

Before buying, ask all companies you are considering which discounts they offer. Depending on the company, some discounts might not apply in your state. If you would like to see a list of providers who offer online auto insurance quotes in Selma, click here.

Buying auto insurance from Selma auto insurance agents

Some people would rather talk to a local agent and that can be a great decision Insurance agents can help you build your policy and help in the event of a claim. One of the great benefits of comparing rate quotes online is that drivers can save money and get lower prices and still buy from a local agent.

Insurance agents in SelmaAfter filling out this quick form, the quote information is submitted to participating agents in Selma who want to provide quotes and help you find cheaper coverage. You won't even need to do any legwork because quoted prices will be sent to the email address you provide. If you wish to get a comparison quote from a specific insurance company, feel free to search and find their rate quote page and give them your coverage information.

Picking the best insurance company should include more criteria than just the premium amount. You should also get answers to these questions.

Exclusive or Independent: There is a difference

When finding local Selma agents, you should know the different types of agents and how they can write your policy. Insurance agencies in Selma are considered either exclusive or independent. Both insure your vehicles properly, but it's important to know the subtle differences because it can influence the type of agent you choose.

Exclusive Insurance Agents

Agents that choose to be exclusive work for only one company and examples are Allstate and State Farm. They usually cannot place coverage with different providers so they are skilled at selling on more than just price. Exclusive agencies are usually quite knowledgeable on sales techniques which helps them sell on service rather than price.

Independent Agencies or Brokers

Agents of this type are not locked into one company and that is an advantage because they can write policies with many different companies and find you the best rates. If you are not satisfied with one company, your agent can just switch to a different company which requires no work on your part. When shopping rates, it's a good idea to include price quotes from several independent insurance agents to get the best comparison.

After you get positive responses to any questions you may have as well as a price you're happy with, you may have just found an auto insurance agent that can provide auto insurance coverage. Just understand that policyholders can cancel a policy for any reason so never feel that you are permanently stuck with your new company for any length of time.

Insurance can get complicated

Always remember that when buying the right insurance coverage, there really is not a cookie cutter policy. Everyone's situation is a little different.Insurance savings

For example, these questions could help you determine if your situation could use an agent's help.

If you don't know the answers to these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form. It's fast, doesn't cost anything and may give you better protection.

Auto insurance coverages 101

Having a good grasp of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Collision protection

Collision coverage pays for damage to your vehicle resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, scraping a guard rail, backing into a parked car and rolling your car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Lowest and Highest Collision Coverage Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Colorado Bently Continental GT
Ford F-150 SuperCrew Bently Continental GTC
Ford Edge Audi RS7
Ford F-250 SuperCab Maserati Granturismo
GMC Canyon Maserati Ghibli
Jeep Wrangler Nissan GT-R

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for expenses like doctor visits, prosthetic devices, nursing services and funeral costs. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Vehicle Make and Models with the Lowest and Highest Medical Payment Coverage Claims
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Corvette Mitsubishi Mirage
Chevrolet Silverado 3500 Nissan Sentra
Chevrolet Silverado 2500 Nissan Versa
Audi A4 Allroad Mitsubishi Lancer
Ford Expedition Kia Forte
Tesla Model S Chrysler 200

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Liability auto insurance

This coverage will cover damage or injury you incur to a person or their property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property.

Liability coverage pays for things such as funeral expenses, medical expenses, attorney fees, loss of income and pain and suffering. How much coverage you buy is up to you, but it's cheap coverage so purchase higher limits if possible. Alabama state law requires minimum liability limits of 25/50/25 but you should consider buying more coverage.

Lowest and Highest Bodily Injury Liability Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Subaru Forester Mitsubishi Lancer
Mercedes-Benz SL Class Chrysler 200
Audi A6 Mitsubishi Mirage
Chevrolet Corvette Chevrolet Impala
Fiat 500 Dodge Charger
Subaru Outback Kia Optima

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle's damage.

Since many Alabama drivers carry very low liability coverage limits (Alabama limits are 25/50/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive protection

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as vandalism, a tree branch falling on your vehicle and hail damage. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle's value is low consider dropping full coverage.

Vehicle Make and Models with the Lowest and Highest Comprehensive Insurance Claims
Lowest Claim Frequency Highest Claim Frequency
Chevy Spark Maserati Quattroporte
Ford F-350 Porsche Panamera GTS
GMC Sierra 2500 Mercedes-Benz S Class
Volvo V60 Bentley Continental GTC
Nissan Leaf Maserati Granturismo
Smart ForTwo BMW M6

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Be persistent to save money

People change insurance companies for many reasons like being labeled a high risk driver, denial of a claim, policy non-renewal or even delays in paying claims. Whatever your reason, finding a new company is not as hard as you think.

As you prepare to switch companies, you should never reduce needed coverages to save money. In many cases, drivers have reduced liability limits or collision coverage and learned later that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at the lowest possible cost while still protecting your assets.

We just showed you many tips how you can get a better price on car insurance in Selma. The key thing to remember is the more times you quote, the higher the chance of saving money. Drivers may even discover the lowest premium rates are with a lesser-known regional company.

More detailed car insurance information is available by following these links: