Top 10 Ways to Save Money on Auto Insurance in Moody

Searching for low-cost Moody auto insurance might appear overwhelming for vehicle owners new to comparing prices over the internet. With such a large number of insurance companies available, how can Moody drivers have time to compare each option to find better auto insurance prices?

It’s a good habit to take a look at other company’s rates as often as possible because prices go up and down regularly. Despite the fact that you may have had the best deal a year ago the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the only way to find better coverage at a better price.

Don’t overlook these ten auto insurance discounts

Not many people think insurance is cheap, but you may qualify for discounts to help offset the cost. Many of these discounts will be applied automatically when you purchase, but some may not be applied and must be manually applied prior to getting the savings. If they aren’t giving you every credit you qualify for, you could be getting lower rates.

  • Low Mileage Discounts – Low mileage vehicles can earn slightly better premium rates than normal.
  • Government Employees – Active or former government employment could cut as much as 10% off depending on your company.
  • Discounts for Responsible Drivers – Safe drivers can pay as much as 50% less than drivers with accident claims.
  • Use Seat Belts – Buckling up and requiring all passengers to buckle up before driving can save up to 15% off PIP or medical payments premium.
  • Multiple Policy Discount – If you can combine your home and auto policy with one insurance company you could get a discount of nearly 15% which can help you find .
  • Defensive Driver Discounts – Taking a course teaching defensive driving skills could possibly earn you a 5% discount depending on where you live.
  • Save with a New Car – Insuring a vehicle that is new can cost up to 25% less due to better safety requirements for new vehicles.
  • Discount for Good Grades – Excelling in school could provide a savings of up to 20% or more. Earning this discount can benefit you well after school through age 25.
  • Sign Online – A few insurance companies will give you a small discount for buying a policy and signing up online.
  • College Student Discount – Any of your kids who live away from home to go to college and do not have a car can receive lower rates.

A little disclaimer on discounts, most discount credits are not given to your bottom line cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears all those discounts means the company will pay you, you aren’t that lucky.

Insurance companies that may offer policyholders many of the previously listed discounts possibly include:

When getting a coverage quote, ask every company which credits you are entitled to. Savings may not apply to policies in every state. If you would like to see a list of insurers with the best discounts in Alabama, follow this link.

Auto insurance policy specifics

Learning about specific coverages of auto insurance can help you determine appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for expenses for things like prosthetic devices, pain medications, nursing services and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med payprice insurance in Moody AL

Liability auto insurance

This coverage protects you from damages or injuries you inflict on a person or their property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability can pay for things such as structural damage, pain and suffering, repair bills for other people’s vehicles, loss of income and medical services. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford. Alabama requires minimum liability limits of 25,000/50,000/25,000 but it’s recommended drivers buy higher limits.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many Alabama drivers only carry the minimum required liability limits (which is 25/50/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane, hitting a deer, theft and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a parking meter, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Moody insurance ad

Additional information can be read on the website for the Alabama Department of Insurance located here. Alabama drivers can view agent and company licensing information, find disaster information, read consumer alerts, and download brochures.

Compare but don’t skimp

Insureds leave their current company for any number of reasons including delays in responding to claim requests, being labeled a high risk driver, policy cancellation or even high prices. It doesn’t matter why you want to switch choosing a new insurance company can be easy and end up saving you some money.

We just showed you a lot of tips how to reduce auto insurance prices online. The key concept to understand is the more you , the better your chances of lowering your rates. You may be surprised to find that the most savings is with a company that doesn’t do a lot of advertising.

While you’re price shopping online, make sure you don’t buy poor coverage just to save money. There are too many instances where someone sacrificed comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. Your focus should be to get the best coverage possible at an affordable rate but still have enough coverage for asset protection.