Who Has the Cheapest Auto Insurance for Drivers Requiring a SR22 in Alabama?

You have most likely seen the catchy advertisements from auto insurance companies like State Farm and GEICO that make claims of enormous savings, so you just need to choose any one of them, right?

That is not the case, however, as there are a whole slew of unknown elements like whether you need higher levels of liability coverage, if you own your home, and how safe your vehicle is. We will touch on the best ways to save money and will hopefully give you a good start to your coverage search.

The type of vehicle you are insuring is one of the main factors that determines the availablility of the best cheap car insurance for drivers requiring a SR22. Vehicles with lower performance, a plethora of safety features, or low incidents of liability claims will cost less to insure than fast, unsafe models. The list below shows auto insurance prices for a handful of the most cost-effective vehicles to insure.

Premium data assumes married female driver age 50, two speeding tickets, two at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Prices do not factor in specific location information which can decrease or increase coverage prices considerably.

Based upon these rates, we can assume that vehicles like the Honda Accord, Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius are most likely to be a few of the most budget-friendly vehicles to insure for high risk drivers. Rates will be higher anyway just due to the fact that there is more claim exposure for drivers requiring a SR22, but overall those particular vehicles will have the lowest insurance prices available.

For high risk drivers, one of the big criteria that help determine the amount you pay each year for auto insurance is where your car is garaged. Cities with larger populations like Bessemer, Mobile, and Hoover tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims have the benefit of the cheapest auto insurance for drivers requiring a SR22 in Alabama.

The table below shows the higher priced cities in Alabama for drivers requiring a SR22 to buy car insurance in.

Rate information is comparative as specific Alabama garaging address can raise or lower insurance rates substantially.

Buying affordable insurance is hard enough, and determining which company offers the cheapest insurance rates for drivers requiring a SR22 will require a little more work. Insurance prices should be quite a bit more than the average price in Alabama, with the increase attributed to the posibility of more claims that goes along with selling coverage for high risk drivers, but reasonably-priced coverage should be obtainable if you look hard enough. Every insurance company uses slightly different criteria to set premium rates, so let’s rank the most budget-friendly insurance companies in Alabama.

Lowest Insurance Price Quotes for SR22 Drivers

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Travelers has some of the most affordable car insurance rates in Alabama at around $783 per year. Cincinnati Insurance, USAA, GEICO, and Auto-Owners also are some of the most economical Alabama car insurance companies.

As the example above demonstrates, if you currently have a policy with USAA and switched to Travelers, you could realize a yearly savings of upwards of $112. Policyholders with GEICO may save as much as $278 a year, and Auto-Owners insureds might cut rates by $387 a year.

It’s important to note that these premium estimates are averages across all drivers and vehicles and and are not figured with a price increase for drivers requiring a SR22. So the auto insurance company that can offer you the best price may not even be in the rate chart shown above. That points out the importance of why you need to compare rates from as many companies as possible using your own individual information.

The diagram below highlights how deductible selection can change yearly insurance costs when researching cheap insurance for drivers requiring a SR22. The data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.

As shown above, a 50-year-old driver could pocket $268 a year by increasing from a $100 deductible up to a $500 deductible, or save $404 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could lower their rates up to $680 every year by choosing larger deductibles on their policy.

When increasing deductibles, it will now be necessary to have plenty of savings on hand to satisfy the extra out-of-pocket expense associated with higher deductibles.

Best insurance company in Alabama

Insuring your vehicle with the best insurance company can be challenging considering how many different insurance companies sell coverage in Alabama. The ranking data below can help you choose which companies to look at when trying to find the cheapest insurance for drivers requiring a SR22. These ratings are only comprised of companies that insure vehicles nationwide, so companies that only write business in Alabama or surrounding areas are not factored into these rankings.

Top 10 Large Auto Insurance Companies Overall in Alabama

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family