Is Your Madison, AL Auto Insurance Leaving a Hole in Your Pocket?

Have you fallen victim to overpriced auto insurance? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.

Many insurers vie for your insurance dollar, and because of this it can be hard to compare auto insurance companies to find the lowest price

You should make it a habit to price shop coverage occasionally due to the fact that insurance rates fluctuate regularly. If you had the best deal two years ago you may be paying too much now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the best way to save money, get proper deductibles and limits, all at the lowest rate.

Comprehensive Auto Insurance Comparison in Madison, Alabama

Most companies such as GEICO, State Farm and Progressive allow you to get prices for coverage online. The process is pretty easy as you simply enter the amount of coverage you want into the quote form. After you complete the form, the system makes automated requests for your credit score and driving record and gives you a price quote based on many factors. Online quotes helps simplify price comparisons, but the time required to go to multiple sites and type in the same information is monotonous and tiresome. But it’s very important to get many rate quotes in order to find a better rate.

The smarter way to lower your auto insurance bill 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 online quotes much easier. After your information is entered, it gets priced and you can select your choice of the quotes that you receive.

If a lower price is quoted, you simply finish the application and purchase the new policy. This process can be completed in a matter of minutes and could lower your rates considerably.

To compare pricing, simply click here to open in new window and begin entering your coverage information. To compare your current rates, we recommend that you enter the insurance coverages identical to your current policy. This makes sure you’re receiving rate quotes for the exact same coverage.

Discounts are available to cut your rates

Insurance can cost an arm and a leg, but there could be available discounts to help offset the cost. Some discounts apply automatically at quote time, but some must be requested specifically in order for you to get them.

  • New Car Discount – Buying coverage on a new vehicle is cheaper since new cars are generally safer.
  • No Charge for an Accident – A handful of insurance companies will allow you to have one accident before raising your premiums if you are claim-free for a particular time prior to the accident.
  • Student in College – Children living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you could get a discount of at least 10% off all policies.
  • Own a Home – Owning a home in Madison may earn you a small savings because maintaining a house demonstrates responsibility.

It’s important to note that most credits do not apply to the entire cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will reduce the amount you have to pay.

To see a list of providers who offer auto insurance discounts in Madison, click here to view.

Everyone needs different coverages

When choosing proper insurance coverage, there really is no perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining if your insurance needs could use an agent’s help.

  • What vehicles should carry emergency assistance coverage?
  • Who is covered when they drive my vehicle?
  • Will my rates increase for filing one claim?
  • How high should my medical payments coverage be?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered when pulling a rental trailer?
  • Do I have coverage when using my vehicle for my home business?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Much more information about auto insurance in Alabama can be found on the website for the Alabama Department of Insurance. Click here for link. Consumers can read enforcement actions against agents and companies, find out which companies have the most complaints, learn about insurance regulations, and find disaster information.

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In Summary

Budget-conscious auto insurance can be bought on the web in addition to many Madison insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

As you restructure your insurance plan, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced liability limits or collision coverage and discovered at claim time that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at a price you can afford while still protecting your assets.