Top Ways to Save on Slocomb Auto Insurance

Having to pay for overpriced auto insurance can dwindle your savings account and force you to prioritize other expenses. Comparing price quotes is a smart way to slash your bill and have more diposable income. Since consumers have many options when it comes to auto insurance, it can be diffult for consumers to pick the lowest cost insurance company.

It's important to compare rates on a regular basis since insurance rates are constantly changing. If you had the lowest rates last year the chances are good that you can find a lower rate today. So just ignore everything you know about auto insurance because it's time to teach you the tricks you need to know to properly buy coverages and cut your premium.

The purpose of this article is to help educate you on how to get online quotes and some tips to save money. If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this strategy. Alabama drivers only need an understanding of how to buy auto insurance online.

Are you getting all your discounts?

Insuring your vehicles can cost a lot, but there could be available discounts that can drop the cost substantially. Most are applied at quote time, but lesser-known reductions have to be asked for in order for you to get them. If you don't get every credit you deserve, you're paying more than you need to.

Sign Online - Some insurance companies give back up to $50 simply for signing online.
Own a Home - Owning a house in Slocomb may trigger a auto insurance policy discount because of the fact that having a home is proof that your finances are in order.
Government Employees - Being employed by or retired from a federal job can earn a discount up to 10% with select insurance companies.
Passive Restraints and Air Bags - Factory air bags or automatic seat belts can receive discounts of up to 25% or more.
Discount for Life Insurance - Larger companies have a break if you buy life insurance from them.
No Accidents - Drivers who don't have accidents can save substantially as compared to bad drivers.
New Vehicle Savings - Putting insurance coverage on a new car can be considerably cheaper compared to insuring an older model.
Good Student Discount - A discount for being a good student can save 20 to 25%. This discount can apply up to age 25.

Consumers should know that most credits do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like you could get a free auto insurance policy, companies don't profit that way. Any qualifying discounts will help reduce the cost of coverage.

To see a list of companies with the best auto insurance discounts in Alabama, follow this link.

Auto Insurance Prices in Slocomb, Alabama

Most companies quote prices directly from their websites. Getting online quotes is quite easy as you just type in the coverages you want as detailed in the form. Once you submit the form, their system will obtain information on your driving record and credit history and returns a price quote based on many factors. This simplifies rate comparisons, but the time required to go to several different sites and complete many quote forms is monotonous and tiresome. But it's very important to get many rate quotes if you are searching for the best price on auto insurance.

The preferred way to find lower prices requires only one form that gets price quotes from several companies at one time. The form is fast, requires much less work on your part, and makes rate comparisons much more enjoyable. Immediately after submitting the form, it is quoted and you are able to buy any or none of the price quotes you receive.

If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. It takes less than 15 minutes and may result in a nice savings.

To quickly find out if lower rates are available, click here to open in new window and enter your information. To compare your current rates, we recommend that you enter deductibles and limits identical to your current policy. This makes sure you will have rate comparison quotes based on the exact same insurance coverage.

You have some control over your rates

An important part of buying insurance is that you know some of the elements that come into play when calculating auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that may reward you with better auto insurance rates.

The list below includes a few of the "ingredients" auto insurance companies consider when setting rates.

Marriage brings a discount - Having a spouse actually saves money when buying auto insurance. It means you're more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
High deductibles save money - Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply are running into the backend of another car, collision with an animal, and rolling your vehicle. Your deductibles are how much you are required to spend out-of-pocket in the event of a claim. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive.
Small claims can cost you - Car insurance companies in Alabama provide discounts to policyholders who are claim-free. If you are a frequent claim filer, you can expect higher rates. Car insurance is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
How credit affects auto insurance rates - Credit rating is a huge factor in determining what you pay for auto insurance. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with lower credit scores. If your credit can use some improvement, you could pay less to insure your by improving your rating.
Where you live is a factor - Residing in a small town can be a good thing when buying auto insurance. City drivers have much more traffic and longer commute times. Lower population translates into fewer accidents.
Rates may be higher depending on your occupation - Jobs such as lawyers, architects and stock brokers tend to have the highest rates in part from job stress and long work hours. On the other hand, occupations such as pilots, students and the unemployed receive lower rates.

How can State Farm, GEICO and Progressive save drivers who switch?

Alabama drivers can't get away from ads for car insurance savings by State Farm, GEICO and Progressive. They all seem to say the same thing of big savings if you move to their company.

But how can every company say the same thing? This is how they do it.

Different companies have a preferred profile for the driver that is profitable for them. For example, a desirable insured might be profiled as over the age of 40, insures multiple vehicles, and drives newer vehicles. A propective insured who fits that profile is entitled to the best price and as a result will probably save a lot of money.

Potential insureds who are not a match for this ideal profile will have to pay more money which usually ends up with business not being written. Company advertisements say "drivers who switch" not "everybody who quotes" save that much. This is how insurance companies can confidently claim big savings.

Because of the profiling, drivers must quote coverage with many companies. It's not possible to predict which insurance companies will give you the biggest savings.

And the best car insurance company is...

Cost effective auto insurance is definitely available on the web and also from your neighborhood Slocomb agents, and you need to comparison shop both in order to have the best chance of saving money. A few companies may not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

When trying to cut insurance costs, don't be tempted to reduce coverage to reduce premium. In many cases, drivers have reduced uninsured motorist or liability limits only to regret that it was a big mistake. Your aim should be to buy enough coverage for the lowest price.

Additional auto insurance information can be found on the website for the Alabama Department of Insurance. Click here for link. Alabama drivers can get help finding coverage, report car insurance fraud, download brochures, and find out industry alerts.

Additional helpful sites include this site for Alabama auto insurance information and see this list of insurance agents in Slocomb.