Alfa Alliance vs. Electric: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, Alfa Alliance offers significantly more affordable premiums than Electric
• Alfa Alliance offers less expensive average rates for drivers who have below-average credit
• Electric may help you save more money -- they offer more discounts than Alfa Alliance Insurance

Alfa Alliance or Electric: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering large savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Alfa Alliance or Electric as your top options, but between the two, which one has cheaper premiums for car insurance?

Looking at nationwide averages, Alfa Alliance is quite a bit cheaper than Electric, with rates averaging $194 a month compared to $266 with Electric.

But Alfa Alliance may not be the cheapest or best option for every driver out there. Insurance carriers vary their prices depending on things like where you live, how clean your driving record is, how good your credit score is, how old you are, and a ton of other factors. So, at the end of the day, premiums from every carrier will differ quite a bit from person to person.

Luckily, we've broken down average prices from both Alfa Alliance and Electric by a range of different rate factors, so read on to find out which company is the best for you.

Alfa Alliance vs. Electric: Average Car Insurance Rates by State

Alfa Alliance and Electric only compete against each other in Virginia, where Alfa Alliance offers the cheaper average rates. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their auto insurance.

That being said, there's a lot more that goes into your car insurance cost than just the state you live in. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. That's because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their insurance. Just look at the table above -- where 18-year-old drivers who have Alfa Alliance for their car insurance pay almost 55% less than those who use Electric.

Even so, with both companies, you'll see your premiums reduce significantly by the time you turn 25. For example, average rates for Alfa Alliance policyholders lower around $40 and Electric's prices drop about $300 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the most affordable auto insurance rates you'll ever find. After all, they've likely been driving for quite some time, which normally reduces their chances of collisions and other infractions that can raise prices.

So, which carrier offers the best premiums to retired drivers? Alfa Alliance gets the edge, with rates for drivers 65 and older $23 less expensive than the national average for Electric.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are generally more expensive for those who are single than they are for married couples? That's because policies for married policyholders usually cover multiple vehicles, which quite a few carriers will give you a discount for.

For single policyholders, the difference in average prices between these two companies is significant, with Alfa Alliance rates coming in at a third less than Electric's. The advantage for married drivers with Alfa Alliance is also obvious, where drivers save nearly 15% a month.

Alfa Alliance or Electric: Average Rates by Gender

Because women are less likely to get tickets and get into collisions, they have a lower chance of filing a claim with insurance. So, women tend to pay less for car insurance than men.

Typically, women see premiums around 1% per month less with Alfa Alliance, and about 7% less with Electric.

When it comes to the cheapest prices for each gender, Alfa Alliance offers the most affordable average rates for both men and women, with average prices 29% less for men and 25% cheaper for women.

Alfa Alliance vs. Electric: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which typically refers to having collision and comprehensive coverages in addition to liability coverage).

Looking specifically at state minimum limits for liability insurance, Alfa Alliance has the significant edge, with average monthly premiums coming in at $103. If you want a full coverage policy with the same state minimum limits, Alfa Alliance again has the edge, with policies averaging around $286 a month to Electric's $383.

Is Alfa Alliance or Electric Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and at-fault accidents on your record, but which of these two carriers offers the lowest prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Alfa Alliance for their car insurance can normally expect their monthly bill to go up about 18% after getting a speeding ticket. Electric policyholders can expect a less drastic increase of around 12%.

That being said, Alfa Alliance tends to offer the best prices for drivers both with a ticket and with a clean record -- their rates are around 49% more affordable for drivers with clean records and 45% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Alfa Alliance drivers who get in an accident can expect to see their rates increase by $55, while those who have insurance through Electric will see about a $30 increase.

At the end of the day, drivers who use Alfa Alliance end up with the cheaper prices after an accident, with average premiums coming in at $162 compared to Electric Insurance Company's $236.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your auto insurance bill. On average, Alfa Alliance will raise your prices around 72% after a DUI, while Electric's average premiums rise by more than 45%.

But if you end up with a DUI charge and are looking for more affordable rates, Alfa Alliance tends to be more affordable for the average driver, with monthly premiums coming in at about $378 to Electric's $385.

How does Credit Score Impact Alfa Alliance and Electric Rates?

Often times, your credit score can come into play when companies determine your monthly bill. This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an auto insurance factor) but it will come into play for lots of policyholders.

Insurance carriers argue that those with poor credit scores are less likely to pay their bills on time each month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking specifically at Alfa Alliance and Electric, which carrier has the best premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Alfa Alliance or Electric Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly prices. That's because the fewer miles you drive, the less likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Alfa Alliance charges. However, there's a pretty significant difference in monthly rates for Electric, with policyholders who drive 6,000 miles annually paying around $33 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Alfa Alliance is the cheaper company.

Alfa Alliance or Electric: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a substantial impact on your monthly auto insurance bill. Generally, those who live in urban areas will pay more than policyholders in rural areas since there are a lot more cars on the roads where they live.

Alfa Alliance vs. Electric Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many car insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem hard to find all the of the ones you qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Alfa Alliance and Electric so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Electric blows Alfa Alliance away when it comes to the sheer amount of discounts available, offering seven more discounts than Alfa Alliance.

A couple of those are overlapping for things like advance quote discounts, discounts for getting driver training, and discounts for being a good student. Electric also offers discounts for ABS, anti-theft, COVID-19 relief, and more.

On the other hand, Alfa Alliance has a few proprietary discounts of their own for things like homeowner discounts, intra-agency transfer discounts, mature driver discounts, and more.

Final Thoughts: Is Alfa Alliance or Electric Best for You?

So, you've seen how different variables can affect your auto insurance rates. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Alfa Alliance or Electric the right company for you and your specific profile and needs?

Alfa Alliance might be best for you if....

• You have a clean driving record, free of collisions, tickets, or DUIs.
• Your home is located in the suburbs.
• Your neighborhood is in a rural area.

Electric might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide helps you get a good idea of the differences between Alfa Alliance and Electric. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple companies, not just Alfa Alliance and Electric. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

Alfa Alliance vs. Electric FAQs

Is Alfa Alliance or Electric cheaper?

Alfa Alliance is the less expensive of the two companies when looking at national average premiums, with policies averaging $194 per month with Alfa Alliance and $266 for Electric. However, that doesn't mean Alfa Alliance will be the lowest carrier for every policyholder, since there are several different factors that come into play when it comes to your auto insurance payment.

Who is better, Alfa Alliance or Electric?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do Alfa Alliance and Electric offer me different rates?

Auto insurance carriers use many different variables when determining the rates they charge. Factors such as your driving record, gender, where you live, age, and sometimes even things like your credit score can all be taken into consideration. Both Alfa Alliance and Electric calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from lots of different companies.

How do I know if Alfa Alliance or Electric is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Alfa Alliance or Electric at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.