Save Money on Car Insurance in Bessemer

Would you like to buy more competitive auto insurance rates in Bessemer, AL? There isn't anyone who looks forward to buying auto insurance, especially when the cost is too high.

A study showed that the vast majority of consumers have bought auto insurance from the same company for a minimum of four years, and just under half have never compared quotes from other companies. Most drivers in Alabama could save up to $490 each year, but they just don't understand how easy it is to compare other rate quotes.

Numerous insurance companies battle to insure your vehicles, and it can be difficult to compare rates to find the absolute best price available on auto insurance.

You should take the time to do price comparisons every six months since rates fluctuate regularly. Just because you had the best premium rates on auto insurance two years ago the chances are good that you can find a lower price today. Forget anything you know (or think you know) about auto insurance because I'm going to let you in on the secrets to how to quote online to find great coverage at a great price.

Verify you're receiving every discount

Insurance can cost an arm and a leg, but you may be missing some discounts to help offset the cost. Many of these discounts will be applied automatically when you quote, but some discounts are required to be asked for before they will apply.Save money with discounts

You can save money using discounts, but most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, insurance companies wouldn't stay in business. Any qualifying discounts will bring down the premium cost.

A few companies that have most of the discounts above include:

When getting a coverage quote, ask each company or agent to apply every possible discount. Depending on the company, some discounts may not be offered in Bessemer.

The majority of larger companies such as State Farm, GEICO and Progressive allow consumers to get coverage prices on their websites. This process can be done by anyone as all you need to do is type in the coverage amounts you desire as detailed in the form. When the form is submitted, their rating system automatically orders information on your driving record and credit history and returns a price quote. This helps simplify price comparisons, and it's also necessary to compare as many rates as possible if you are searching for a better rate.

In order to find out what other companies charge, compare rates from the companies below. If you have your current policy handy, we recommend you type in coverages and limits exactly as they are listed on your policy. Doing this guarantees you're receiving a fair comparison for similar coverage.

The companies shown below have been selected to offer price comparisons in Bessemer, AL. If more than one company is shown, it's highly recommended you visit as many as you can to get a more complete price comparison.

Insurance Price Estimates for Popular Vehicles in Bessemer
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Crew Cab 4WD $1,252 $626 $104
Chevrolet Silverado LS Extended Cab 4WD $1,136 $568 $95
Dodge Ram Crew Cab ST 4WD $1,102 $551 $92
Ford Escape XLS 4WD $1,086 $543 $91
Ford F-150 XL Crew Cab 4WD $896 $448 $75
Ford Focus SES 4-Dr Sedan $1,024 $512 $85
Ford Fusion Sport 4-Dr Sedan $1,220 $610 $102
Honda Accord EX 2-Dr Coupe $1,316 $658 $110
Honda CR-V EX 2WD $1,108 $554 $92
Honda Civic SI 2-Dr Coupe $1,788 $894 $149
Honda Odyssey Touring $1,010 $505 $84
Hyundai Sonata Limited 4-Dr Sedan $1,076 $538 $90
Kia Optima SX $1,058 $529 $88
Nissan Altima 2.5 S 4-Dr Sedan $974 $487 $81
Toyota Camry XLE $1,260 $630 $105
Toyota Corolla XLE $1,368 $684 $114
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can modify premiums noticeably.

Can higher deductibles save money?

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The rates below highlight how much more rates are when you buy lower versus higher comp and collision deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Kia Optima insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $290 $524 $382 $22 $114 $1,357 $113
Optima EX $328 $618 $382 $22 $114 $1,489 $124
Optima SX $328 $618 $382 $22 $114 $1,489 $124
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Kia Optima insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $212 $354 $382 $22 $114 $1,084 $90
Optima EX $240 $418 $382 $22 $114 $1,176 $98
Optima SX $240 $418 $382 $22 $114 $1,176 $98
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alabama minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can increase or decrease premiums substantially.

We can estimate from the data above that using a $100 deductible will cost you roughly $25 more each month or $300 a year than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 16 months between claim filings, you would probably come out ahead by selecting a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $120
Average monthly premium for $500 deductibles (subtract): - $95
Monthly savings from raising deductible: $25
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

An important thing to remember is that a higher deductible results in having to pay to pay more out-of-pocket at claim time. You need to make sure you have some savings in the event you have to pay the deductible to have repairs made.

Auto insurance rates by gender and age

The information below shows the difference between car insurance costs for male and female drivers in Bessemer. The premium estimates are based on no claims or violations, full coverage, $100 deductibles, single marital status, and no other discounts are factored in on a Honda Pilot EX-L.

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

Vehicle claim statistics

Which vehicle models have a high chance of claims? The data below list the highest and lowest vehicle makes and models for the probability of having claims orgainized by coverage.

Lowest and Highest Auto Insurance Liability Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Acura MDX Hyndai Accent
Subaru Forester Mitsubishi Mirage
Audi A6 Kia Optima
Mercedes-Benz SL Class Chevrolet Cruze
Chevrolet Corvette Chevrolet Sonic
Subaru Outback Chrysler 200

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

Lowest and Highest Auto Insurance Collision Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Ford Edge Ferrari 458
Nissan Xterra Nissan GT-R
Ford F-150 SuperCrew Audi RS7
Mini Cooper Maserati Ghibli
Ford F-250 SuperCab Bentley Continental Flying Spur
Jeep Wrangler BMW M6

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

Manufacturer Models with the Lowest and Highest Comprehensive Claims
Lowest Claim Amount Highest Claim Amount
Chevy Silverado 2500 Audi S7
Nissan Leaf Bentley Continental GTC
Infiniti QX50 BMW M6
Ford F-350 Maserati Granturismo
Smart ForTwo Bentley Continental GT
Volvo V60 Mercedes-Benz S Class

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

Medical Payment Insurance Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Chevrolet Silverado 3500 Mitsubishi Lancer
Chevrolet Silverado 2500 Nissan Sentra
Chevrolet Corvette Nissan Versa
Land Rover Range Rover Sport Mitsubishi Mirage
Audi A4 Allroad Kia Forte
Ford Expedition Chevrolet Sonic

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

In conclusion

Low-cost auto insurance in Bessemer can be purchased online and also from your neighborhood Bessemer agents, and you need to comparison shop both to get a complete price analysis. A few companies may not have rates over the internet and many times these smaller providers work with independent insurance agents.

When getting Bessemer car insurance quotes online, make sure you don't sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability limits or collision coverage only to regret at claim time that it was a big mistake. Your strategy should be to find the BEST coverage for the lowest cost and still be able to protect your assets.

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