Cheapest Insurance for Electric Cars in Alabama

You have most likely seen the commercials from car insurance companies like Liberty Mutual, Nationwide, and GEICO that make promises of the cheapest rates. So you should just choose one randomly, right?

That is not the case, however, as there are a whole slew of unknown elements such as if you own the home you live in, the safety features of your vehicle, any prior driving offenses, and the likelihood of your vehicle having a liability claim. We know insurance is not everyone’s favorite topic, but in this article we will cover the different scenarios that increase car insurance cost and will hopefully give you some help in finding cheaper rates.

The car, truck, or SUV you are buying coverage for is a significant factor that determines whether or not you find the cheapest coverage for electric cars. Vehicles with more horsepower, poor crash test ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The next list estimates coverage prices for a handful of the cheapest automobiles to buy coverage for.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Estimates do not factor in garaging location in Alabama which can lower or raise coverage prices significantly.

Looking at the data, you can figure that makes and models like the Ford Escape, Ford Explorer, and Chevrolet Traverse are some of the cheapest vehicles to insure for eco-friendly vehicles.

Finding low-cost auto insurance is not the easiest thing to accomplish, and finding out which companies offer the lowest-priced auto insurance rates for electric cars requires even more rate comparisons.

Every insurance provider has their own formula for determining rates, so first let’s look at the rankings for the overall cheapest auto insurance companies in Alabama. Keep in mind that Alabama auto insurance rates are impacted by many factors that can increase the policy price. Getting older, buying a new vehicle, or getting caught speeding can trigger price changes resulting in some companies being cheaper than before.

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Cincinnati Insurance quotes some of the most affordable car insurance rates in Alabama at around $812 each year. Travelers, USAA, GEICO, and Country also rank well as some of the lowest-priced Alabama car insurance companies.

In this example, if you are a customer of GEICO and switched to Travelers, you might achieve savings of in the vicinity of $204. Drivers with Country may save as much as $356 a year, and Auto-Owners policyholders might lower prices by $367 a year.

Understand that those prices are averages across all insureds and vehicles and are not factoring in a price decrease for electric cars. So the company that fits you best may not even be featured in the list of companies above. That helps illustrate why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

One of the more important considerations that insurance companies use to determine car insurance rates is where you choose to live in Alabama. Cities with more crime and/or more people like Birmingham, Mobile, and Prichard tend to have more expensive car insurance rates, whereas more rural areas get the luxury of paying less.

The information below ranks the most expensive cities in Alabama for electric cars to buy auto insurance in.

Price information shown is comparative as vehicle location can modify premium rates noticeably.

How to get discounts on Alabama car insurance

Insurance companies that provide the cheapest insurance for electric cars in Alabama may have discounts that could potentially reduce rates by as much as 35% or more if you meet specific eligibility requirements. A few popular companies and a partial list of their discounts can be read below.

• State Farm has savings for driver’s education, passive restraint, accident-free, anti-theft, and defensive driving training.
• Liberty Mutual includes discounts for new move discount, new graduate, new vehicle discount, multi-policy, hybrid vehicle, exclusive group savings, and good student.
• American Family discounts include mySafetyValet, Steer into Savings, defensive driver, multi-vehicle, early bird, accident-free, and good student.
• Progressive may offer discounts for multi-vehicle, continuous coverage, online signing, multi-policy, good student, and homeowner.
• Farmers Insurance has discounts for mature driver, switch companies, youthful driver, alternative fuel, and teen driver.
• Auto-Owners Insurance policyholders can earn discounts including air bags, group or association, teen driver, student away at school, and multiple vehicles.
• SAFECO offers discounts for anti-lock brakes, homeowner, drive less, teen safe driver, bundle discounts, safe driver, and accident prevention training.

The chart below illustrates the difference between insurance premiums with and without some available policy discounts. The information is based on a male driver, no violations or claims, Alabama state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, vehicle safety, passive restraint, multiple policy, multiple vehicle, and safe-driver discounts applied. When drivers qualify for the discounts, the average savings per year on auto insurance for electric cars is 28% or $535.

Buying coverage from the best car insurance company can be a challenge considering how many different companies insure vehicles in Alabama. The company ratings listed below could help you pick which coverage providers to look at shopping prices with.

These ratings are only comprised of companies that insure vehicles across America, so companies that only write business in Alabama or surrounding areas are not included in this list. To check prices from these and other companies in Alabama, follow this link.

How to find budget-friendly auto insurance for electric cars

The list below shows a few penny-pinching solutions that can help you find low-cost coverage.

• Good credit scores may make rates cheaper
• Maintain a clean driving record
• Save money by insuring older vehicles for liability only
• Avoid having at-fault accidents
• Choose a safer vehicle and pay lower rates
• Raise your deductibles
• Compare prices as often as possible

That last tip is particularly vital, as we pointed out in this write-up. Prices charged by car insurance companies change frequently, so drivers shouldn’t hesitate to switch carriers if a cheaper price is available.

Sticking with a specific company is fine, but it’s not recommended if that faithfulness ends up costing you money that could be spent on other things. Now is a great time to compare prices and find cheaper insurance for electric cars.

Who has the cheapest insurance quotes for eco-friendly vehicles?

Drivers have a lot of different ways to find lower-cost auto insurance in Alabama, but the most common are through an exclusive insurance agent like Liberty Mutual or Allstate, an independent insurance agent, or direct online or over the phone from a company like Geico or Progressive. They all follow the same basic process, but it’s important to point out the distinctions in how they provide price quotes.

Independent agencies work with multiple companies and can compare rates with each one. These agents are usually affiliated with several companies and can provide you with more rate quotes, which can give you a better overall rate comparison. If they find a lower price, the business is moved internally which requires no work on your part.

An agent who is captive is only able to quote rates from a single company, two popular examples being a Liberty Mutual or State Farm agent. Exclusive agents cannot shop your coverage around, so you will not be able to compare multiple prices.

If you buy direct, you bypass a local agent and instead buy buying direct from a company like Esurance or Geico. Buying direct is good for drivers who have lower risk management needs and have some degree of understanding of what specific coverages and deductibles they need.

Out of those three methods, which one works best for finding the cheapest insurance for electric cars in Alabama? Most people assume that buying from a direct company saves the most money because there are no middleman commissions, but unfortunately, it’s not that simple. A good argument could also be made that buying auto insurance from an independent agent is the best way to save due to more options, but that is not accurate either. And occasionally, exclusive agencies have really good rates that are impossible to beat.

Due to the fact that auto insurance rates vary so much, the only real way to get rock-bottom rates is to get quotes and compare the rates. We recommend you get quotes from all three types to have a good selection of rates to choose from. For a list of companies with cheap rates in Alabama, click here to view.