Sick and tired of scraping nickels together to buy auto insurance? You are in the same boat as most other vehicle owners in Alabama.
Regrettably, most auto insurance buyers in Alabama kept their coverage with the same auto insurance company for at least four years, and 38% of drivers have never compared rates from other carriers. Most drivers in the U.S. could pocket almost $860 a year by just comparing rate quotes, but they don't want to take the time to compare rates online.
Insurance companies such as State Farm, Allstate, GEICO and Progressive continually bombard you with ad campaigns and it is challenging if not impossible to ignore the propaganda and take the time to shop coverage around.
It's a good habit to get comparison quotes occasionally because prices trend upward over time. Just because you found the lowest rate on auto insurance two years ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because you're about to find out how to quote online to properly buy coverages while reducing your premium.
The quickest method we recommend to compare policy rates takes advantage of the fact most insurance companies provide online access to give free rates quotes. The one thing you need to do is provide information including deductibles desired, how your vehicles are used, if you require a SR-22, and which vehicles you own. That rating information is automatically sent to many different companies and they return rate quotes within a short period of time.
If you would like to compare rates now, click here and find out if lower rates are available in Decatur.
The providers in the list below are our best choices to provide comparison quotes in Alabama. If more than one company is shown, it's a good idea that you get prices from several of them to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LS 2WD||$872||$436||$73|
|Chevrolet Silverado LTZ Extended Cab 2WD||$1,512||$756||$126|
|Dodge Grand Caravan Hero||$1,342||$671||$112|
|Dodge Ram Quad Cab SLT 2WD||$1,164||$582||$97|
|Ford Edge Limited AWD||$1,110||$555||$93|
|Ford Escape XLT 2WD||$766||$383||$64|
|Ford F-150 XL Crew Cab 2WD||$1,254||$627||$105|
|Ford Focus S 4-Dr Sedan||$1,036||$518||$86|
|Honda Accord EX 4-Dr Sedan||$840||$420||$70|
|Honda CR-V LX 2WD||$782||$391||$65|
|Honda Civic VP 4-Dr Sedan||$1,024||$512||$85|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$1,050||$525||$88|
|Mazda 3 I Sport 4-Dr Sedan||$1,194||$597||$100|
|Nissan Altima 2.5 S 2-Dr Coupe||$898||$449||$75|
|Toyota Camry XLE||$918||$459||$77|
|Toyota Corolla XLE||$944||$472||$79|
|Toyota RAV4 2WD||$1,148||$574||$96|
|Volkswagen Jetta SE 4-Dr Sedan||$1,298||$649||$108|
|Get Your Own Custom Quote Go|
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Alabama minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in specific Decatur garaging location which can lower or raise premium rates considerably.
Where to set your deductibles
The illustration below demonstrates how deductibles and can raise or lower Chevrolet Silverado premium costs for different age categories. The premiums are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.
Auto insurance prices based on gender
The chart below compares insurance costs for male and female drivers in Decatur. The premiums assume no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are applied to the premium on a Hyundai Elantra GLS Touring.
Hyundai Elantra rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Rate comparison of full coverage and liability-only
The diagram below shows the comparison of Honda Civic yearly insurance costs with and without full coverage. The premiums are based on no claims, a clean driving record, $100 deductibles, married female driver, and no additional discounts are factored in.
Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.
Are you wasting money paying for full coverage?
There is no written rule of when to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let's assume your Honda Civic book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after the deductible is paid. If you are paying over $800 a year for full coverage, then you might want to think about dropping full coverage.
There are a few situations where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Cut your car insurance rates with these five discounts
Auto insurance companies don't list all their discounts in a way that's easy to find, so we took the time to find a few of the more well known and the harder-to-find credits that you can use to lower your rates.
- Government Employee Discount - Active or former government employment could cut as much as 10% off with a few car insurance companies.
- 55 and Retired - Drivers over the age of 55 could receive a slight reduction on a Decatur car insurance quote.
- Safe Driver Discounts - Drivers without accidents may receive a discount up to 45% compared to accident prone drivers.
- Telematics Data - Insureds who allow driving data collection to look at vehicle usage by using a small device installed in their vehicle like Allstate's Drivewise could save a few bucks if they are good drivers.
- Accident Forgiveness - This isn't a discount exactly, but some companies like Progressive and Allstate allow you one accident without the usual rate increase with the catch being you have to be claim-free prior to the accident.
Just know that most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think you could get a free car insurance policy, insurance companies wouldn't stay in business.
Larger car insurance companies and a partial list of their discounts are:
- GEICO policyholders can earn discounts including anti-theft, five-year accident-free, anti-lock brakes, multi-policy, membership and employees, federal employee, and air bags.
- USAA may include discounts for new vehicle, safe driver, good student, defensive driver, and multi-vehicle.
- Progressive has discounts for multi-vehicle, good student, multi-policy, homeowner, and online quote discount.
- American Family may have discounts that include Steer into Savings, multi-vehicle, accident-free, air bags, TimeAway discount, and bundled insurance.
- Esurance offers discounts including claim free, anti-lock brakes, online quote, Switch & Save, and defensive driver.
- Farmers Insurance has savings for business and professional, alternative fuel, pay in full, electronic funds transfer, multi-car, bundle discounts, and homeowner.
- State Farm offers discounts for passive restraint, accident-free, Drive Safe & Save, good driver, good student, anti-theft, and multiple autos.
Before purchasing a policy, check with all companies you are considering how many discounts you can get. Some discounts listed above may not apply to policyholders in Decatur. To find insurance companies that offer many of these discounts in Alabama, follow this link.
Having a good grasp of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. These are the normal coverages offered by car insurance companies.
Comprehensive (Other than Collision)
This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things like falling objects, hitting a bird, theft and vandalism. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like funeral costs, nursing services, X-ray expenses, prosthetic devices and EMT expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Coverage for collisions
Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like colliding with a tree, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.
Liability auto insurance
This can cover damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things such as pain and suffering, emergency aid, medical expenses, legal defense fees and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible. Alabama requires minimum liability limits of 25/50/25 but drivers should carry more coverage.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle's occupants as well as damage to your vehicle.
Due to the fact that many Alabama drivers only purchase the least amount of liability that is required (25/50/25), it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
How much can you save?
As you shop your coverage around, you should never reduce coverage to reduce premium. In many cases, drivers have reduced full coverage and learned later that the small savings ended up costing them much more. Your objective should be to get the best coverage possible for the lowest price.
We've covered many tips how you can reduce car insurance prices online in Decatur. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from a lesser-known regional company. Some small companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.
For more information, link through to the resources below: