UPDATED: Mar 13, 2020
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Are You Shopping for an Alfa Auto Insurance Policy?
Alfa’s humble beginnings can be traced back to 1946, when the company was originally founded as a federation dedicated to providing fire insurance to Alabama farmers. Due to the success of their business over the past 70 years, the company has expanded to offer a wide selection of different financial products – including Home, Auto, and Life insurance – to customers in large parts of the South, Southwest, and Midwest today.
Alfa Insurance Review
One way to pick a good insurance company is to see what other people are saying about them. And whether you’re talking about a current customer or a financial expert, it seems as though everyone has good things to say about Alfa. Their current financial strength rating gets a solid “A” from A.M. Best, and they are rated as receiving fewer complaints than average from their customers.
|AM Best Financial Strength Rating (2016)||A|
|Better Business Bureau Rating (2016)||N/A|
|NAIC Complaint Index (2012)||0.82 (Lower than Average)|
Alfa Insurance Discounts
Like all insurance companies, Alfa wants to attract your business by offering money-saving discounts. Some of the more prominent ones which Alfa offers are:
|Air Bags||25% (Medical Payments Coverage Only)|
|Anti-Theft Device||10% (Comprehensive Coverage Only)|
|Combo Auto + Home||12%|
|Payment in Full or Electronic Funds Transfer||$3 savings / installment|
*Data Available at AlfaInsurance.com
Additionally, Alfa offers youth-targeted discounts for young, unmarried drivers between the ages of 16-24. Some of these discounts include good grades, driver education discounts, and discounts for passing a Defensive Driving course. Likewise, you can get discounts for bundling policies with Alfa or owning a home; however, it is difficult for Alfa to display the exact discount amount due to different states having different rules and regulations.
Alfa Auto Insurance Options
Alfa will happily provide you with the typical liability coverage offered by most automotive insurance providers. Additionally, they also offer the following benefits which are unique to their company:
- Paid Court Appearance – if Alfa has to request your presence at court, they will compensate you $50 per day
- Theft Compensation – if items within your vehicle are stolen and you file a claim through your Comprehensive or Collision coverage, you may be entitled to as much as $200 to replace lost clothing or luggage plus benefit limits for any transportation expenses
- Your Medical Payments coverage can offer to pay for a companion bed in the event of overnight hospital stays, medical services, and funeral expenses – regardless of fault
Comparing Alfa Insurance Quotes
Naturally, you’re going to want to compare quotes with various other companies before you decide whether to do business with Alfa. Your personal circumstances will have a pretty big influence on whether or not you get a premium rate from Alfa, or charged more:
From the data presented in the chart above, it looks as though a middle-aged, married homeowner can save the most with Alfa. Your rates won’t go too far up if you happen to have a few tickets in your recent driving history, or if you are single and renting your own apartment. However, having a poor credit score may raise your rates significantly.
Pros and Cons of Alfa Insurance
|Good ratings on their financial strength, and a lower than average complaint index||Some customers complain of delays in and poor investigations during the claims resolution process|
|Strong coverage in Mississippi, Alabama, and Georgia||Coverage may be less available or less reliable in Texas, Missouri, Indiana, Ohio, Virginia, Tennessee, Arkansas, and Kentucky|
|Low rates for good drivers with a high credit score||Drivers with bad credit or a blemished driving history will likely be charged more|
Overall, it looks like Alfa is a fairly strong and well-respected company in many states across the South and in parts of the Midwest. However, Alfa coverage is not available in all areas. Also, it seems as though their small-town, personal approach to doing business may lead to delays if you ever need to file a claim. But the best way to know whether or not an Alfa auto insurance policy is right for you is to compare quotes from them and several other companies online.
P.O. Box 11000
Montgomery, AL 36191-0001