How to Get Lower Auto Insurance Rates in Madison

When looking for cheaper insurance, are you baffled by the sheer number of car insurance choices in your area? Consumers have so many choices that it can easily turn into a difficult mission to find the perfect company for you. Madison is a good city to live in, but high car insurance rates makes it very hard to purchase enough protection.

It's hard to believe, but almost 70% of drivers have remained with the same car insurance company for over three years, and virtually 40% of consumers have never quoted car insurance rates at all. With the average premium in Alabama being $1,334, drivers can save roughly 40% each year, but they just assume it takes a lot of time to compare rate quotes.

It is always a good idea to check car insurance prices once or twice a year because insurance rates go up and down regularly. Despite the fact that you may have had the best deal on car insurance two years ago you can probably find a lower rate today. There is a lot of bad advice regarding car insurance on the web, but we're going to give you the best ways to find cheap car insurance in Madison.

If you already have coverage, you will definitely be able to save money using the following tips. Quoting and buying the lowest cost car insurance in Madison is not that difficult. Although Alabama consumers can benefit from knowing the way companies sell online because it can help you find the best coverage.

Learn how to quote auto insurance at a discount

Consumers need to have an understanding of the different types of things that go into determining your premiums. When consumers understand what influences your rates, this empowers consumers to make smart changes that can earn you lower auto insurance prices. Lots of things are taken into consideration when you get a price on insurance. Most are fairly basic like your driving record, although some other factors are more transparent such as your marital status or your commute time.

The factors shown below are some of the items used by your company to calculate premiums.

Traffic violations can increase premiums - Being a careful driver influences premium rates substantially. Attentive drivers get better prices than bad drivers. Getting just one driving citation can bump up the cost by as much as twenty percent. Drivers who get severe violations such as DWI, reckless driving or hit and run convictions may be required to prove financial responsibility with their state in order to prevent a license revocation.

Save money with good credit - Your credit history factor in calculating your auto insurance rates. So if your credit rating leaves room for improvement, you could save money insuring your vehicle by improving your rating. Consumers who have very good credit scores tend to be less risk to insure as compared to drivers with poor credit.

Premiums and occupation - Did you know your occupation can influence how much you pay for auto insurance? Occupational choices like doctors, architects and medical professionals tend to have higher premium rates attributed to intense work requirements and long work hours. Conversely, careers such as actors, engineers and performers receive lower rates.

Cars with good safety ratings save money - Cars with high safety ratings get lower rates. Vehicles engineered for safety reduce the chance of injuries and fewer serious injuries translates into fewer and smaller insurance claims and lower rates for you.

Drive fewer miles and save - The more you drive each year the higher the price you pay to insure it. Most companies apply a rate based upon how much you drive. Autos not used for work or commuting can get a lower rate than cars that get driven a lot. Make sure your policy states the correct usage for each vehicle, because improper ratings can cost you money.

Insure your auto and home with one company - Many insurers provide a discount to people that purchase more than one policy. It's known as a multi-policy discount. Even if you already get this discount, drivers will still want to compare other rates to help ensure you have the lowest rates. Drivers may still find lower rates even if you insure with multiple companies

How to compare free Madison auto insurance price quotes

The are a couple different ways to get quotes from different companies. By far the easiest way to find the lowest rates is to get quotes online.

Just remember that comparing a large number of companies increases the chance that you will find more affordable rates. Not every company does quotes over the internet, so you need to compare price estimates from the smaller companies as well.

The companies shown below are ready to provide free rate quotes in Madison, AL. If more than one company is shown, we recommend you get prices from several of them in order to find the most competitive rates.

Insurance Estimates for Popular Vehicles in Madison
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LT $944 $472 $79
Chevrolet Silverado LS Crew Cab 4WD $1,240 $620 $103
Dodge Ram Quad Cab ST 2WD $994 $497 $83
Ford Escape XLT 4WD $890 $445 $74
Ford F-150 XL Crew Cab 2WD $1,012 $506 $84
Ford Focus SE 4-Dr Sedan $1,010 $505 $84
Ford Fusion SEL 4-Dr Sedan $1,302 $651 $109
Honda Accord EX 2-Dr Coupe $1,350 $675 $113
Honda CR-V EX 4WD $1,142 $571 $95
Honda Civic EX-L 4-Dr Sedan $1,170 $585 $98
Hyundai Sonata SE 4-Dr Sedan $1,624 $812 $135
Kia Optima LX $1,104 $552 $92
Nissan Altima 2.5 S 4-Dr Sedan $960 $480 $80
Toyota Camry LE $1,010 $505 $84
Toyota Corolla XLE $1,060 $530 $88
Toyota RAV4 Limited 2WD $1,136 $568 $95
Get Your Own Custom Quote Go

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Information does not factor in specific Madison garaging location which can affect rates greatly.

Rate increases following a ticket or accident

The example below highlights how speeding tickets and accident claims can increase Honda Accord insurance premiums for each different age group. The data is based on a single female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

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

Liability only or full coverage

The information below shows the difference between Ford Escape insurance rates with liability coverage only compared to full coverage. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, married female driver, and no discounts are taken into consideration.

Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying physical damage coverage

There isn't a steadfast formula of when to exclude full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let's pretend your Ford Escape replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $5,000 after paying the physical damage deductible. If it's costing you more than $500 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are a few cases where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not opt for liability only.

Auto insurance is not optional but you don't have to overpay

Even though it can be expensive, insuring your vehicle serves several important purposes.

The benefits of having insurance more than cancel out the cost, especially for larger claims. As of last year, the average driver in Alabama is overpaying more than $700 annually so smart consumers compare quotes at least once a year to ensure rates are competitive.

These discounts can cut insurance rates

Insurance is not inexpensive, but you might be missing out on some discounts that could drop your premiums quite a bit. Many discounts should be triggered at quote time, but some discounts are required to be asked about before you get the savings.Save money with discounts

It's important to understand that some credits don't apply to your bottom line cost. Some only apply to individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like you could get a free insurance policy, it doesn't quite work that way.

To find providers that offer multiple discounts in Alabama, click here.

You may want advice from an agent

Some people just prefer to talk to a local agent and that is recommended in a lot of cases An additional benefit of getting free rate quotes online is the fact that drivers can get the lowest rates and still choose a local agent.

Insurance agency in MadisonBy using this short form, your insurance coverage information is emailed to insurance agents in Madison who will give you bids for your business. You never need to leave your house since price quotes are sent instantly to you. You can find the lowest rates without a big time investment. If for some reason you want to get a rate quote from a specific insurance provider, feel free to search and find their rate quote page and fill out the quote form the provide.

Choosing the best insurance company should include more criteria than just the bottom line cost. Any agent in Madison should have no problem answering these questions:

If you want to buy insurance from a local insurance agency, there are two different types of agents and how they differ in how they quote coverages. Agencies in Madison are classified as either independent agents or exclusive agents depending on their employer.

Exclusive Agents

Agents that elect to be exclusive have only one company to place business with such as State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. These agents receive a lot of sales training on what they offer which helps them sell on service rather than price. Consumers sometimes choose to use a exclusive agent partially due to high brand loyalty instead of buying on price only.

Independent Agents (or Brokers)

Independent agents do not have single company limitations and that enables them to quote your coverage with any number of different companies and get the cheapest rates. If they find a cheaper price, your agent can switch companies and the insured can keep the same agent. If you need cheaper insurance rates, you definitely need to compare quotes from multiple independent agents so that you have a good selection of quotes to compare. They also have the ability to place coverage with mutual insurance companies that may have much lower rates than larger companies.

Will just any policy work for me?

When buying coverage online or from an agent, there really is no single plan that fits everyone. Your financial needs are unique.Car insurance savings

For instance, these questions may help you determine if your situation might need an agent's assistance.

If it's difficult to answer those questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form.

Vehicle claim statistics

Which makes and models have the most claims? The following tables list the best and worst cars and trucks for the probability of having large claims for each type of coverage listed.

Collision Coverage Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Mini Cooper Bentley Continental Flying Spur
Chevrolet Colorado Ferrari 458
Smart ForTwo BMW 6 Series
Ford Edge Maserati Ghibli
GMC Canyon BMW M6
Nissan Xterra Maserati Granturismo

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

Auto Insurance Liability Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Subaru Forester Kia Rio
Acura MDX Mitsubishi Lancer
Volvo XC60 Dodge Charger
Chevrolet Corvette Hyndai Accent
Mercedes-Benz SL Class Chevrolet Impala
Audi A6 Kia Optima

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

Vehicle Make and Models with the Lowest and Highest Medical Payment Claims
Lowest Claim Amount Highest Claim Amount
Chevrolet Corvette Chevrolet Sonic
Audi A4 Allroad Nissan Versa
Chevrolet Silverado 2500 Mitsubishi Mirage
Chevrolet Silverado 3500 Dodge Charger
Ford Expedition Kia Forte
Ford F-350 SuperCrew Hyundai Accent

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

Comprehensive Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Chevy Silverado 2500 Porsche Panamera GTS
Nissan Xterra BMW M6
Volvo V60 Mercedes-Benz S Class
Chevy Spark Maserati Granturismo
GMC Sierra 2500 Audi S7
Ford F-350 Bentley Continental GTC

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

In the end, you can save money

As you prepare to switch companies, it's not a good idea to reduce coverage to reduce premium. In many cases, someone dropped full coverage and learned later they didn't purchase enough coverage. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost, not the least amount of coverage.

We just covered a lot of ways to compare auto insurance prices in Madison. The key thing to remember is the more providers you compare, the higher the chance of saving money. Drivers may even discover the lowest prices come from a lesser-known regional company.

There are still a few companies who do not offer online rate quotes and usually these small insurance companies sell through independent insurance agents. Cheap auto insurance in Madison can be bought online and from local insurance agents, so you should be comparing quotes from both so you have a total pricing picture.

Additional auto insurance information can be found below: