Save Hundreds on Alabama Insurance with Just 15 Minutes of Shopping
In Alabama, finding ways to reduce insurance costs can be achieved in just 15 minutes, yet many are missing out on potential savings. By exploring different options, residents could save hundreds of dollars annually.
Current Insurance Costs in Alabama
The average annual full coverage premium for Alabamians currently stands at $1,937. This amount is notably $319 less than the national average. However, many individuals are not taking the time to shop around for better deals.
Potential Savings
According to The Zebra, a leading insurance comparison service, shopping for insurance can lead to savings of up to $600 per year. Unfortunately, the busy lifestyle of many residents often leads to a lack of effort in comparison shopping.
- Average full coverage premium: $1,937
- National average premium: $2,256
- Potential savings: Up to $600 per year
Clay Ingram, a spokesperson for AAA Alabama, emphasizes the importance of taking the time to obtain quotes. “Most quotes can be acquired in just 10-15 minutes and are often free,” Ingram stated.
Understanding Insurance Rates
Insurance companies calculate rates using various algorithms based on several factors, including age, driving record, location, and credit score. These calculations can vary between companies and can change frequently.
Home Insurance in Alabama
The situation is similar with home insurance, which is even more costly in Alabama. The average homeowner spends about $3,400 annually, exceeding the national average by over 50%, according to NerdWallet.
- Average annual home insurance in Alabama: $3,400
- National average home insurance: Approximately $2,200
Ingram points out that homeowners often misunderstand their coverage. Some may have insufficient protection, while others might carry unnecessary coverage. He advises individuals to fully comprehend their insurance policies and specific needs.
Tips for Finding Better Insurance Deals
For residents considering a switch or hoping to find a better rate, Ingram suggests the following:
- Contact a trusted insurance provider.
- Utilize reliable online comparison tools.
- Perform research to ensure the website’s legitimacy.
Taking these steps can help Alabama residents secure better insurance rates, ultimately saving them hundreds of dollars each year.
