Best Ways to Save on Hoover, AL Auto Insurance

Would you like to save money by finding the cheapest auto insurance rates in Hoover, AL? Think you have an expensive auto insurance policy? You're preaching to the choir because there are lots of Hoover residents who feel the same.

Astonishing but true according to a recent study, the majority of drivers kept buying from the same company for more than four years, and almost half have never compared rates from other carriers. Consumers in the United States could save themselves approximately $850 a year by just shopping around, but they won't spend time to save money by comparing rate quotes. Online insurance companies like Allstate, Liberty Mutual and State Farm increase brand awareness with ad campaigns and it is challenging if not impossible to separate fact from fiction and effectively compare rates to find the best deal.

It's important to do price comparisons as often as possible since prices are adjusted regularly by insurance companies. Just because you had the lowest price on auto insurance on your last policy other companies may now be cheaper. Ignore everything you know about auto insurance because we're going to demonstrate the only way to reduce your cost while improving coverage.

If you are insured now or need new coverage, you can use these techniques to buy cheaper insurance and still have adequate protection. Buying affordable insurance in Hoover is really quite easy. Comparison shoppers just have to learn the proper way to buy insurance on the web.

Compare free Hoover insurance rate quotes

The majority of larger companies like State Farm, Allstate and GEICO allow consumers to get prices on the web. The process is possible for anyone as you simply type in the coverages you want as requested by the quote form. Upon sending the form, the company's rating system pulls your driving record and credit report and returns a price quote determined by many factors. This simplifies rate comparisons, and it's very important to get many rate quotes in order to find cheap insurance pricing.

To save time and get comparison pricing now, compare rate quotes from the providers shown below. If you currently have coverage, we recommend that you enter the coverages just like they are on your policy. Doing this guarantees you will have a fair comparison for the exact same coverage.

The following companies offer price comparisons in Hoover, AL. If several companies are displayed, we recommend you visit as many as you can to get a more complete price comparison.

Insurance Cost Estimates for Popular Vehicles in Hoover
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LS 2WD $994 $497 $83
Chevrolet Silverado LTZ Crew Cab 4WD $1,270 $635 $106
Dodge Ram Crew Cab Laramie 4WD $1,144 $572 $95
Ford Edge Limited 2WD $886 $443 $74
Ford Escape Limited 2WD $1,012 $506 $84
Ford Explorer Limited 2WD $1,374 $687 $115
Ford F-150 FX4 Super Cab 4WD $916 $458 $76
Ford Focus S 4-Dr Sedan $994 $497 $83
Ford Fusion S 4-Dr Sedan $784 $392 $65
Honda Accord LX-S 2-Dr Coupe $1,142 $571 $95
Honda CR-V LX 2WD $870 $435 $73
Honda Civic EX 2-Dr Coupe $1,224 $612 $102
Hyundai Sonata GLS 4-Dr Sedan $1,370 $685 $114
Jeep Grand Cherokee Limited 4WD $858 $429 $72
Nissan Altima 2.5 S 2-Dr Coupe $1,022 $511 $85
Nissan Rogue S 2WD $1,420 $710 $118
Toyota Camry SE $1,212 $606 $101
Toyota Corolla S $1,430 $715 $119
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can decrease or increase premiums substantially.

Comparison of full coverage and liability-only policies

The illustration below illustrates the difference between Honda Civic car insurance rates when comparing full coverage to liability only. The information is based on no claims or violations, $500 deductibles, married female driver, and no other discounts are factored in.

Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you pay for full coverage or liability only?

There is no clear-cut rule of when to eliminate physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let's pretend your Honda Civic replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying your policy deductible. If you are currently paying more than $200 a year for comprehensive and collision coverage, then you might consider buying liability only.

There are some scenarios where dropping full coverage is not financially feasible. If you haven't satisfied your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.

Physical damage deductibles: Should you raise them?

When comparing car insurance rates, the most common question is which deductible level should you buy. The following tables help summarize the premium difference when you buy lower versus higher policy deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.

Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.

Chevrolet Tahoe insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $290 $524 $338 $20 $100 $1,297 $108
Tahoe LS 4WD $328 $524 $338 $20 $100 $1,335 $111
Tahoe LT 2WD $328 $524 $338 $20 $100 $1,335 $111
Tahoe LT 4WD $328 $524 $338 $20 $100 $1,335 $111
Tahoe LTZ 2WD $328 $618 $338 $20 $100 $1,429 $119
Tahoe LTZ 4WD $328 $618 $338 $20 $100 $1,429 $119
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Chevrolet Tahoe insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $160 $276 $338 $20 $100 $894 $75
Tahoe LS 4WD $182 $276 $338 $20 $100 $916 $76
Tahoe LT 2WD $182 $276 $338 $20 $100 $916 $76
Tahoe LT 4WD $182 $276 $338 $20 $100 $916 $76
Tahoe LTZ 2WD $182 $326 $338 $20 $100 $966 $81
Tahoe LTZ 4WD $182 $326 $338 $20 $100 $966 $81
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alabama minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in garaging location in Hoover which can modify rates substantially.

We can estimate from the data above that using a $100 deductible costs about $35 more each month or $420 a year than quoting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 26 months between claims, you would come out ahead if you choose the higher deductible.

Three reasons insurance is important

Even though it's not necessarily cheap to insure a vehicle in Hoover, insuring your vehicle may not be optional for several reasons.

The benefits of carrying enough insurance more than cancel out the cost, particularly for liability claims. The average driver in America is currently overpaying as much as $750 every year so you should quote and compare rates once a year at a minimum to save money.

Lower rates by qualifying for discounts

Companies that sell car insurance don't always publicize every disount available in a way that's easy to find, so the following is a list of both the well known and also the lesser-known credits available to bring down your rates.Save money with discounts

Remember that some credits don't apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, it's just not the way it works.

Large insurance companies and a summarized list of policyholder discounts are detailed below.

It's a good idea to ask each insurance company which discounts they offer. Discounts might not be offered on policies in Hoover. To view insurance companies offering insurance discounts in Alabama, click here to view.

Auto insurance claims by make and model

Which vehicles statistically have the most claims? The data below list the best and worst vehicles for likelihood of filing claims for each type of coverage listed.

Lowest and Highest Bodily Injury Liability Claims by Manufacturer Model
Lowest Claims Highest Claims
Acura MDX Chrysler 200
Mercedes-Benz SL Class Chevrolet Impala
Audi A6 Hyndai Accent
Volvo XC60 Chevrolet Cruze
Subaru Outback Kia Optima
Fiat 500 Mitsubishi Mirage

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

Lowest and Highest Comprehensive Coverage Claims by Vehicle
Lowest Claims Highest Claims
Smart ForTwo Mercedes-Benz S Class
Nissan Xterra Maserati Quattroporte
Volvo V60 BMW M6
Nissan Leaf BMW M6
GMC Sierra 2500 Bentley Continental GT
Infiniti QX50 Porsche Panamera GTS

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

Collision Insurance Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Ford Edge Ferrari 458
Mini Cooper Audi RS7
Nissan Xterra BMW 6 Series
GMC Canyon Bentley Continental Flying Spur
Smart ForTwo Maserati Granturismo
Jeep Wrangler Bently Continental GTC

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

Medical Payment Insurance Claims by Manufacturer Model
Lowest Claims Highest Claims
Ford F-250 SuperCrew Kia Forte
Audi A4 Allroad Mitsubishi Lancer
Tesla Model S Chevrolet Sonic
Chevrolet Corvette Nissan Versa
Land Rover Range Rover Sport Hyundai Accent
Ford Expedition Dodge Charger

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

In Summary

Some insurance companies don't offer the ability to get a quote online and these regional insurance providers only sell coverage through independent agencies. Budget-friendly insurance in Hoover can be purchased both online and from local agencies, and you should compare rates from both in order to have the best price selection to choose from.

As you shop your coverage around, it's not a good idea to buy less coverage just to save a little money. There have been many situations where someone sacrificed collision coverage and learned later that they should have had better coverage. Your focus should be to buy enough coverage at the best possible price and still be able to protect your assets.

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