Cheapest Car Insurance for Homeowners in Alabama

When talking about auto insurance, the words “affordable” or “cheap” should never be used anywhere in the article to describe car insurance prices. Forgive the oxymoron, but cheap auto insurance for homeowners just does not exist. Don’t let that ruin your day, because we will tell you how you can still find car insurance that fits into your budget.

Establishing which companies offer the most affordable auto insurance rates for homeowners takes a little more sweat in order to find a policy that fits your budget. Every auto insurer uses a slightly different approach to establish rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Alabama.

Cheapest Insurance Rates for Homeowners

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Travelers normally has some of the cheapest car insurance rates in Alabama at around $815 each year. Cincinnati Insurance, USAA, GEICO, and Country also rank well as some of the cheapest Alabama car insurance companies.

As depicted above, if you are a policyholder with GEICO and switched to Travelers, you may realize an annual savings of around $215. Insureds with Country may save as much as $356 a year, and Safeway customers might reduce rates by $367 a year.

To discover how much you can save, click here to begin a quote or visit any of the low-priced companies below.

Remember that these rates are averages for all types of insureds and vehicles and do not take into consideration a price decrease for homeowners. So the car insurance company that has the lowest price for you may not even be in the chart above. That point stresses why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

The safety and performance level of the vehicle that is being insured is one of the main factors when shopping around for the cheapest auto insurance for homeowners in Alabama. Vehicles with reasonable performance levels, good crash test ratings, or a low likelihood of liability claims will cost much less to insure than higher performance models.

The next tables illustrates coverage premiums for the most budget-friendly vehicles to buy insurance for.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific garaging location which can impact prices noticeably.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rates do not factor in your specific Alabama location which can influence auto insurance rates substantially.

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Table data does not factor in specific location information which can impact premiums significantly.

For people who own their homes, one of the largest factors that play a part in determining the amount you pay each year for auto insurance is where you call home in Alabama. Regions with more people or even just more weather-related claims like Birmingham, Mobile, and Hoover will most likely have higher rates, whereas cities that are not as densely populated tend to receive cheaper rates.

The following table rates the most expensive areas in Alabama for homeowners to buy auto insurance in.

Prices are approximated as the specific geographic location can change coverage rates noticeably.

Ending up with the highest-rated car insurance provider can be rather challenging considering how many different companies insure vehicles in Alabama. The company rank data in the next section can help you decide which car insurance providers you want to consider when comparing auto insurance rates for homeowners.

The ratings below are for major nationwide insurance companies, so smaller companies are not taken into consideration for the list. If you would like to check rates from these companies and more, just click here.

The chart below shows how choosing a deductible can raise or lower insurance costs when getting quotes for cheap insurance for homeowners. The data is based on a single male driver, full physical damage coverage, and no policy discounts are applied.

In the chart above, a 40-year-old driver could lower rates by $376 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $564 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, can cut as much as $1,252 annually by choosing a larger deductible amount. If you do make the decision to raise your deductibles, it will be important to have enough in a savings account to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.