Auto Insurance Savings Up to $500 in Homewood, AL

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The average cost of car insurance in Homewood, AL, is $1,667. This cost is higher than nearby locations like Lipscomb, Birmingham, Midfield, and Hoover but lower than other neighboring areas like Mountain Brook. Zimlon, through its research, found that car owners in Homewood, AL, can get multiple discounts on car insurance by considering various factors like location, age of the driver, and credit scores. Below is a list by Zimlon highlighting such factors and multiple discounts for car owners in Homewood, AL.

Multi-Car Insurance: 

Car owners in Homewood, AL, can obtain discounts if they insure multiple vehicles with the same insurer. Insurance companies offer attractive discounts for bundling as well. Car owners can save more by purchasing their life, auto, and home insurance from the same insurance company. The average savings one can obtain in Homewood, AL, are as follows:

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Age of the Driver: 

Car owners in Homewood, AL, can get various discounts by comparing multiple policies offered by different insurance companies. According to Zimlon’s analysis, teenagers in Homewood, AL, pay more car insurance costs than older drivers. The average cost of car insurance for a teenager in Homewood, AL, is $5,409, and for a 20-year old driver, it reduces to $2,142. Whereas the car insurance cost for drivers between the age of 30-50 years is less than $1,700 in Homewood, AL.

Anti-Theft Features: 

Cars equipped with safety devices are less prone to thefts; therefore, auto insurance companies in Homewood, AL, provide a considerable amount of discounts to vigilant car owners. The discounts can depend on the type and number of safety devices installed. According to Zimlon’s research, car owners in Homewood, AL, can get car insurance for $1,600 by installing safety devices like an audible alarm and an active disabling device. Installing additional anti-theft features like tracking devices and passive disabling devices can further reduce the cost of car insurance to $1,567 and $1,550, respectively. 

Credit Scores: 

Several auto insurance companies in Homewood, AL, provide considerable discounts to car owners that have a higher positive credit score and a clean driving history. Zimlon’s research found that car owners with a “good” credit score of 670-739 pay $1,737, whereas a “poor” credit score of 300-579 cost of car insurance in Homewood, AL, can get as high as $2,719. 

Deductibles: 

This is one of the most common factors influencing the cost of car insurance in Homewood, AL. A low deductible ($500) usually increases auto insurance value, whereas a high deductible ($1,000) lowers it. According to Zimlon’s research, the average cost of auto insurance in Homewood, AL, on a deductible of $500 is $1,182. This cost will decrease to $999 when the deductible is $1,000.