Who Has the Cheapest Auto Insurance Quotes for Business Use in Alabama?
It’s hard to avoid all the catchy commercials from insurers like Farmers, Nationwide, and Allstate that promise the cheapest rates, so you just need to choose the one with the flashiest ad, right?
It’s not that simple, unfortunately, as there are a whole slew of unknown factors such as any driving violations you may have, whether you are single or married, if you have maintained coverage continuously, and if full coverage is needed, that all have an effect on the price. This article goes into detail about some of these criteria and will hopefully give the reader a jump start in finding the best auto insurance in Alabama.
Finding low-priced insurance is challenging, and deciding which companies offer the cheapest auto insurance rates for business use will involve even more perseverance. Premiums should be somewhat pricier than the average policy in Alabama because of the potential for more claims that goes along with offering coverage for using your car for business, but competitive coverage may be possible with a little diligence. Every auto insurer has a proprietary formula for setting prices, so let’s begin by taking a look at the most affordable auto insurance companies in Alabama.
It’s important to understand that Alabama auto insurance rates are based on many factors that can increase your annual premium. Simply improving your credit, buying a new vehicle, or getting a couple of tickets may prompt premium changes resulting in some companies being much cheaper than others.
Best Cheap Insurance Rates for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $791 |
| 2 | Cincinnati Insurance | $812 |
| 3 | USAA | $922 |
| 4 | GEICO | $1,019 |
| 5 | Country | $1,195 |
| 6 | Auto-Owners | $1,206 |
| 7 | Safeway | $1,218 |
| 8 | Progressive | $1,248 |
| 9 | MetLife | $1,368 |
| 10 | State Auto | $1,373 |
| 11 | California Casualty | $1,451 |
| 12 | State Farm | $1,563 |
| 13 | Nationwide | $1,659 |
| 14 | ALFA | $1,726 |
| 15 | Farmers | $1,874 |
| 16 | Allstate | $1,930 |
| 17 | Safeco | $2,607 |
| 18 | Liberty Mutual | $2,637 |
| Compare Rates Now Go | ||
Travelers has some of the best car insurance rates in Alabama at around $791 a year. Cincinnati Insurance, USAA, GEICO, and Country are also some of the best Alabama car insurance companies.
As shown above, if you currently buy coverage from GEICO and switched to Cincinnati Insurance, you could earn savings of upwards of $207. Drivers with Country may save as much as $383 a year, and Auto-Owners customers might cut rates by $394 a year.
To get a quick, customized rate comparison, click here to start your free quote or quote prices from the following companies.
Remember that these premium estimates are averaged for all types of drivers and the different vehicles they drive and do not take into consideration a rate surcharge for business use. So the auto insurance company that is best for you may not even be shown in the chart above. That affirms the importance of why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
For using your car for business, one of the more important things that is looked at to help calculate a rate quote is where you keep your car in Alabama. Areas with a lot of weather claims or more people like Birmingham, Mobile, and Phenix City likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims generally pay lower auto insurance rates.
The information below ranks the highest-priced areas in Alabama for business use to purchase car insurance in.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Birmingham | $1,436 |
| 2 | Prichard | $1,413 |
| 3 | Mobile | $1,412 |
| 4 | Bessemer | $1,393 |
| 5 | Phenix City | $1,366 |
| 6 | Homewood | $1,364 |
| 7 | Gadsden | $1,353 |
| 8 | Tuscaloosa | $1,346 |
| 9 | Northport | $1,336 |
| 10 | Hoover | $1,328 |
| 11 | Vestavia Hills | $1,325 |
| 12 | Montgomery | $1,325 |
| 13 | Alabaster | $1,323 |
| 14 | Prattville | $1,292 |
| 15 | Anniston | $1,292 |
| 16 | Auburn | $1,283 |
| 17 | Madison | $1,279 |
| 18 | Opelika | $1,244 |
| 19 | Enterprise | $1,241 |
| 20 | Dothan | $1,241 |
| Get a Custom Quote Go | ||
Rate information is estimated as the specific geographic location can impact rates noticeably.
Cost and performance of the vehicle you are insuring is one of the largest factors when quoting economical coverage for business use. Vehicles with limited top-end speed, modern passenger safety features, or a track record of few liability claims will cost less to insure than fast, unsafe models. The next lists showcases auto insurance premiums for a handful of the most budget-friendly automobiles to buy coverage for.
| Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
|---|---|---|---|
| Ford Focus SE 2-Dr Coupe | $1,004 | $502 | $84 |
| Ford Fusion Hybrid 4-Dr Sedan | $1,128 | $564 | $94 |
| Honda Accord EX 4-Dr Sedan | $756 | $378 | $63 |
| Honda Civic EX 4-Dr Sedan | $924 | $462 | $77 |
| Hyundai Sonata SE 4-Dr Sedan | $1,004 | $502 | $84 |
| Kia Optima SX | $1,026 | $513 | $86 |
| Nissan Altima 2.5 4-Dr Sedan | $894 | $447 | $75 |
| Volkswagen Jetta SE 4-Dr Sedan | $966 | $483 | $81 |
| Get a Custom Quote for Your Car Go | |||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alabama minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Information does not factor in vehicle garaging location which can alter insurance rates considerably.
| Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
|---|---|---|---|
| Buick Enclave XL AWD | $986 | $493 | $82 |
| Chevrolet Traverse LTZ 2WD | $846 | $423 | $71 |
| Ford Escape XLT 2WD | $756 | $378 | $63 |
| Ford Explorer Eddie Bauer 2WD | $846 | $423 | $71 |
| GMC Acadia SL 2WD | $826 | $413 | $69 |
| Honda CR-V EX-L 4WD | $776 | $388 | $65 |
| Honda Pilot EX-L 2WD | $916 | $458 | $76 |
| Jeep Grand Cherokee Limited 2WD | $966 | $483 | $81 |
| Kia Sportage LX | $894 | $447 | $75 |
| Nissan Pathfinder SE 2WD | $846 | $423 | $71 |
| Toyota Highlander 4WD | $916 | $458 | $76 |
| Toyota RAV4 Sport 4WD | $894 | $447 | $75 |
| Volvo XC90 3.2 R-Design 2WD | $966 | $483 | $81 |
| Get a Custom Quote for Your SUV or Crossover Go | |||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alabama minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price estimates do not factor in your specific Alabama location which can revise price quotes considerably.
| Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
|---|---|---|---|
| Chevrolet Silverado 2500HD LT Crew Cab Diesel 2WD | $1,094 | $547 | $91 |
| Chevrolet Silverado 3500HD LT Extended Cab 4WD | $1,148 | $574 | $96 |
| Chevrolet Silverado LS Crew Cab 2WD | $1,026 | $513 | $86 |
| Dodge Ram 2500 Mega Cab SLT 4WD | $1,116 | $558 | $93 |
| Dodge Ram Quad Cab Sport 4WD | $1,046 | $523 | $87 |
| Ford F-150 XLT Crew Cab 2WD | $846 | $423 | $71 |
| Ford F-350 Super Cab Harley Turbo Diesel 2WD | $1,056 | $528 | $88 |
| GMC Canyon SLE Ext Cab Z71 2WD | $874 | $437 | $73 |
| GMC Sierra SLE Regular Cab 2WD | $894 | $447 | $75 |
| Toyota Tundra Limited Crew MAX 2WD | $1,026 | $513 | $86 |
| Get a Custom Quote for Your Truck Go | |||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alabama minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Table data does not factor in specific zip code location which can alter coverage rates noticeably.
Choosing a highly-rated insurer can be a challenge considering how many companies there are to choose from in Alabama. The ranking data listed below could help you decide which companies to look at when trying to find cheaper insurance for business use.
The ratings below are only comprised of the largest auto insurers in America, so smaller companies that only insure vehicles in Alabama are not factored into this list. If you’d like to compare prices from these top insurers and more, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Alabama auto insurance rates
Auto insurance companies that provide the cheapest car insurance for business use in Alabama may also give you price discounts that can reduce rates by as much as 35% if you are eligible to receive them. A few of the larger companies and some of the premium reductions they offer are outlined below.
- GEICO offers discounts for good student, anti-lock brakes, five-year accident-free, defensive driver, emergency military deployment, federal employee, and daytime running lights.
- MetLife may offer discounts for good driver, multi-policy, defensive driver, good student, claim-free, accident-free
- Progressive may include discounts for online quote discount, multi-vehicle, continuous coverage, multi-policy, homeowner, good student, and online signing.
- Travelers includes discounts for home ownership, continuous insurance, hybrid/electric vehicle, early quote, and new car.
- SAFECO offers discounts including teen safe driver, homeowner, anti-theft, accident prevention training, and bundle discounts.
- AAA has savings for multi-car, good student, anti-theft, pay-in-full, AAA membership discount, and education and occupation.
The information below visualizes the comparison of car insurance costs with and without some available policy discounts. The data assumes a female driver, no accidents, no driving violations, Alabama state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with accident-free, anti-theft, claim-free, multiple vehicle, safe-driver, and marriage discounts applied. When drivers take advantage of discounts, the the average yearly reduction on auto insurance for business use is 28% or $511.
Cheap insurance quotes for using your car for business
You have a lot of ways to get cheap auto insurance quotes in Alabama, but the most frequently used methods are from an exclusive insurance agency like Liberty Mutual or Allstate, an independent insurance agent, or direct from companies such as Progressive or Geico.
Each way has the same basic process, but they differ in how they function.
Independent insurance agencies have contracts with multiple insurance companies and can quote your policy with each one. These types of agents are not restricted to one company and can provide you with more rate quotes, which may give you more bang for your buck. If you are not satisfied with one company, they simply switch companies in-house which requires no work on your part.
An exlusive, or captive, agency is limited to just one company, two examples being an Auto-Owners or Allstate agent. These agents usually cannot place coverage with different providers, so if rates are not competitive, they cannot give other choices.
Opting to purchase auto insurance direct means you forego either of the other two types of agents and instead shop from a direct company like Esurance or Progressive. This auto insurance option may be a decent choice families who do not have a lot of assets and have some degree of understanding of how their policy works.
So what is the best way for finding the cheapest car insurance for business use in Alabama? It would be premature to say shopping direct results in the best prices because there is no agent involved, but that generally is not the case. We’d also like to say an independent agency guarantees the cheapest rates because you have more choices, but that assumption is also not accurate. In many cases, the exclusive agents have coverage prices that other companies cannot beat.
Because it’s impossible to say who has the best auto insurance rates, really the best method to make sure you’re not overpaying for auto insurance is to get quotes and compare the rates. Be sure to get quotes from all three in order to find the best price. For a list of companies offering online discounts in Alabama, click here to view.
How to find economical car insurance for business use
It’s not impossible to find cheaper rates, and here are some of the recommended money-saving suggestions that can help you buy lower-cost coverage.
- Buy a car with high safety ratings
- Good credit can mean cheaper rates
- Pay less by remaining claim-free
- Keep your driving record clean
- Drive attentively and avoid accidents
- Compare prices frequently to find the best deal
The last tip in the list is highly important, as was stressed in this write-up. Prices charged by companies fluctuate considerably, so drivers shouldn’t be reluctant to buy from a new company if a lower price can be found.
Staying with the same company for years is fine, but is isn’t recommended if that dedication is costing thousands of dollars over the life of your policy. If you have a few minutes, compare prices to find cheaper auto insurance for business use.
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