Cheap Car Insurance in Phoenix, AZ
Do you need auto insurance in Phoenix? At AutoInsuranceEZ.com, you will find the best insurance rates close to you. To obtain free auto insurance quotes from the top rated providers today, enter your zip code into the quote box on this page.
Phoenix isn’t just the largest city in Arizona; it’s also the capital. When you think of Phoenix, the first pictures to pop into your mind may be scenes of the old west or a retirement community, but that barely scratches the surface of this city. The economic climate of Phoenix is very friendly to business and, when combined with the city’s low living expenses, also makes it a great place to live for people with families.
- Fun fact: did you know that Phoenix is #1 on the list of “Top 101 cities with the highest number of days clear of clouds”? Learn more about Phoenix, AZ.
Auto Insurance Coverage Requirements in Arizona
Here are the state minimum insurance requirements for Arizona:
|Bodily Injury Liability||15,000/30,000||100,000/300,000|
|Property Damage Liability||10,000||25,000|
|Uninsured Motorist Bodily Injury||Not required||15,000/30,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||0 deductible|
Because Arizona only requires drivers to carry mandatory Liability coverage, it gives motorists the opportunity to save money each month by only purchasing a minimal amount of insurance. But keep in mind that Liability does not cover you if you get into an accident which was not your fault, if your car is damaged by severe weather, or if your car gets vandalized or stolen. You will have to purchase additional coverage to protect against such events. See how much you can save on Arizona auto insurance.
Your average Arizona driver probably pays around $67 per month on their premiums. This is pretty good, but Phoenix drivers can get as low as $57/mo* if they know what discounts to look for. Keep reading below to find out what those are.
Farmers, State Farm, and Nationwide seem to be offering the lowest rates in the Phoenix metropolitan area. But do they also offer the most discounts? How is their customer service department rated? How easy is it to file a claim with them? These are all important questions to ask yourself when you’re shopping around for a policy.
Auto insurance carriers contemplate several factors when assessing insurance quotes, including marital status, Type of vehicle owned, how old your vehicle is, your driving distance to work, and current insurance coverage and limits. Also keep in mind that premiums vary from company to company. To verify you’re still paying the most affordable rate, compare cheap Phoenix auto insurance quotes online.
Major Car Insurance Factors in Phoenix
There is a range of many items which might factor into the rate quotes you obtain. Even though a portion of these elements aren’t really anything you can do something about, a few of them are elements which you can change for the better. Here are some components which might alter your car insurance premium:
Your Zip Code
Your auto insurance rates may differ depending on where you call home. In general, highly populated cities have higher auto insurance rates because the extra amount of drivers on the road increases the likelihood of an accident! The population of Phoenix is 1,513,367 and the median income is $46,601.
Although the population has dropped in recent years, accident statistics are climbing. Take a look at the chart below. There were 176 fatalities associated with accidents in Phoenix for the year 2013. High rates of accidents in your zip code might mean that you will have to pay more each month for your automotive insurance.
Auto Thefts in Phoenix
Auto theft is a major problem, especially in densely populated cities. If your location and/or vehicle model put you at a greater risk for theft, you may have trouble finding low-cost car insurance. The total number of stolen vehicles in Phoenix was 6,355 back in 2013. If you’re nervous about auto theft, then you might want to add Comprehensive coverage to your insurance policy. Yes, it’s more expensive (as the chart below shows), but is it more expensive than paying for a brand new car out-of-pocket?
Your Credit Score
Most people don’t realize how important their credit score is when determining their automobile insurance premiums. If you have poor credit, your monthly rate can be as high as double or triple that of someone with an excellent credit history.
Studies have shown that inexperienced teenage drivers are more likely to get into an accident than older adults. Because of this, it costs much more to purchase automotive insurance for young drivers. If you are a teenager, ask your provider about Drivers Ed or Good Student discounts.
Your Driving Record
The more violations you have on your record, the more likely you are to file a claim – which will lead your provider to charge you higher premiums. But if you have too many citations, or commit a serious violation – such as a DUI – you may lose your coverage all together.
You can get by with less coverage if you’re driving an economical car. But with luxury vehicles, you’re going to require more comprehensive coverage, which will yield higher monthly premiums. But there are ways to get discounts, even on luxury coverage.
Minor Car Insurance Factors in Phoenix
Also, don’t forget about the following factors. They can influence your rate too:
Your Marital Status
If you are part of a married couple, there’s good news: you can save money on your automotive insurance policies if you bundle them together. As individuals, however, you won’t save very much being married vs. being single.
Our analysis of the data shows no significant difference in monthly premiums between male and female drivers. Some companies might charge women more, while others might charge men a higher rate. But even for companies who charge different prices, it usually varies by no more than 2-3%.
Your Driving Distance to Work
For the average motorist, their commute to work in Phoenix can last anywhere from 20-29 minutes, while some commutes might take a little less than that. With commute times like this, it’s no wonder nearly 15% of workers choose to carpool. Around 72% still prefer to drive their own car to work, though.
Don’t worry about your yearly mileage. Driving more miles, or pleasure commutes won’t make a huge dent in your monthly payment. However, business vehicles will have about 10% higher insurance premiums, so be wary of that unfortunate fact.
Your Coverage and Deductibles
Want to save money on your insurance each month? Try raising your deductible. A higher deductible means you will be charged lower monthly premiums by your insurance company. However, it also means that your repairs will be more expensive if the worst occurs.
Education in Phoenix, AZ
You might think that a fancy job or a huge yearly salary would net you some discounts – but you’d be wrong. Maximizing your education is what provides the additional benefit of maximizing your savings on car insurance. In Phoenix, most drivers have at least a high school diploma, while others have a year or more of college experience.
Phoenix is practically a college town considering all of the educational institutions residents have to choose from. The eastern campus of Arizona State University teaches many vocational programs, whereas doctorates and master’s degrees can be pursued at the Arizona school of Health Sciences. Phoenix is also home to Phoenix Community College and the East Valley Institute of Technology.
Determining your individual financial risk can be very difficult or impossible for the typical insurance shopper. Insurance companies have an advantage over consumers due to their statistics and experiential knowledge. Learn what insurance companies don’t want you to know.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
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