Average car insurance cost in Montgomery, AL

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The average car insurance cost in Montgomery, Alabama is $1,926 per year, according to Insure.com data. This is $66 more than the average auto insurance cost in Alabama and $31 more than the national average, as analyzed by Insure.com.

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in Montgomery, the average car insurance rates by age, gender and how much is car insurance in Montgomery based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in Montgomery. Read on to learn more.

Cheap car insurance companies in Montgomery

At an average of $1,251 per year with full coverage limits of 100/300/100, Nationwide provides the most affordable car insurance in Montgomery.

Ranked as the second most affordable company in Montgomery, Travelers provides car insurance at $1,417 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Montgomery that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Montgomery, Alabama:

Read about the best car insurance companies.

Average car insurance cost in Montgomery by coverage limits

In Montgomery, the average car insurance rates the coverage levels are as follows:

• State minimum coverage: $495 per year (limits are 25/50/25)
• Liability only coverage: $722 per year (limits are 50/100/50)
• Full coverage: $1,926 per year (limits are 100/300/100)
• Non-owners coverage: $397 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Montgomery

In Montgomery, Alabama, the average annual car insurance premium for female drivers is $1,949 per year.

While the average annual cost for male drivers is $1,903 per year, which is $46 less than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Montgomery

Car insurance rates in Montgomery, are highest for teens at $6,411 per year or $534 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $2,949 annually for their car insurance, which is $3,462 less than what teens pay for their insurance coverage.

In Montgomery, adult drivers pay an average of $1,924 per year for car insurance, while senior drivers pay $1,936 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Montgomery

If we look at the car insurance rates trends in Montgomery, Alabama, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 23%, or $363.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Montgomery, are higher than the average insurance cost in Alabama. Shopping around and taking advantage of available discounts, drivers in Montgomery can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.