Who Has Affordable Car Insurance Quotes for Retired Military in Phoenix?

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The make and model of vehicle you are buying coverage for is a large consideration when comparing quotes for the cheapest auto insurance for retired military. Vehicles with economical engines, an excellent safety record, or a track record of few liability claims will cost substantially less to insure than high performance models. The table below shows auto insurance premiums for some of the most affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Phoenix, AZ
Vehicle Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,655
Volkswagen Jetta S 2.5 Station Wagon $1,756
Ford F-150 XL Super Cab 2WD $1,779
Toyota Prius $1,794
Honda CR-V EX-L 2WD $1,901
Chevrolet Malibu LS $1,918
Toyota RAV4 2WD $1,923
Honda Accord EX 4-Dr Sedan $1,984
Ford Fusion SE 4-Dr Sedan $2,054
GMC Sierra 3500HD SLE Extended Cab 2WD $2,091
Chevrolet Silverado 3500HD LTZ Crew Cab 2WD $2,126
Ford Focus SE 4-Dr Sedan $2,155
Jeep Wrangler Sport Islander Package 4WD 2-Dr $2,178
Kia Optima SX $2,189
Chevrolet Equinox LS 2WD $2,198
Ford Explorer XLT 4WD $2,227
Dodge Ram 2500 Crew Cab Laramie 2WD $2,290
Ford Edge SEL AWD $2,302
Toyota Corolla S $2,314
Toyota Camry LE $2,351
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in zip code location which can decrease or increase prices noticeably.

By looking at the data, you can figure that vehicles like the Ford Escape, Volkswagen Jetta, Ford F-150, Toyota Prius, and Honda CR-V are likely to be some of the most affordable vehicles to insure for veterans.

One of the more important criteria that aid in calculating the annual cost of car insurance is where you keep your vehicle in Phoenix. Larger areas tend to have more expensive auto insurance rates, whereas areas that tend to be more rural tend to receive slightly lower rates.

The following table sorts the highest-priced places in Arizona for retired military in which to purchase auto insurance. Phoenix makes the list at #1 with an annual cost of $1,255 for coverage, which is around $105 each month.

How much is auto insurance in Phoenix, AZ?
Rank City Annual Premium
1 Phoenix $1,255
2 San Tan Valley $1,196
3 Glendale $1,190
4 Avondale $1,174
5 Scottsdale $1,163
6 Buckeye $1,156
7 Mesa $1,147
8 Tempe $1,140
9 Peoria $1,137
10 Gilbert $1,120
11 Surprise $1,090
12 Casa Grande $1,089
13 Goodyear $1,087
14 Chandler $1,082
15 Maricopa $1,074
16 Tucson $1,072
17 Oro Valley $1,062
18 Catalina Foothills $1,040
19 Casas Adobes $1,040
20 Yuma $963
21 Flagstaff $960
22 Prescott $952
23 Bullhead City $905
24 Sierra Vista $863
25 Lake Havasu City $852
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Table data uses comparative as vehicle location can modify prices greatly.

Deciding which company has the cheapest car insurance rates for retired military will require a little more effort in order to find coverage that fits your budget. Each auto insurance company has their own unique process to establish rates, so we'll take a look at the car insurance companies with the most affordable rates in Phoenix.

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Who has the cheapest car insurance in Arizona?
Rank Company Cost Per Year
1 The Hartford $820
2 Safeco $905
3 Auto-Owners $915
4 USAA $1,113
5 Travelers $1,119
6 GEICO $1,131
7 Progressive $1,164
8 Allied $1,197
9 CSAA $1,213
10 Ameriprise Group $1,220
11 Farm Bureau Mutual $1,247
12 Unitrin $1,303
13 Safe Auto $1,336
14 Farmers $1,350
15 State Farm $1,377
16 Amica $1,429
17 American Family $1,435
18 Titan $1,476
19 California Casualty $1,552
20 MetLife $1,567
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The Hartford has some of the cheapest car insurance rates in Phoenix at around $820 per year. This is $608 less than the average rate paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers also are some of the cheapest Phoenix, AZ insurance companies.

As the rates illustrate above, if you currently have coverage with USAA and switched to The Hartford, you could see a yearly savings of approximately $293. Insureds with Travelers may save as much as $299 a year, and GEICO policyholders might lower prices by $311 a year.

Understand that those prices are averages for all drivers and vehicles in Arizona and do not factor in a specific location for retired military. So the car insurance company that fits your age and vehicle best may not even be in the top 28 companies shown above. That's why you need to compare rates from multiple companies using your own specific driver information and vehicle.

Cost of full coverage

Lowering the price of car insurance is the goal of most vehicle owners, and one good way to pay less for insurance for retired military is to only pay for liability coverage. The example below visualizes the comparison of auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs $1,366 per year more than just buying liability insurance. That raises the question if full coverage is worth the money. There is no exact rule to stop paying for full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

There are a few situations where dropping full coverage is not a good idea. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

The information below shows how choosing a deductible can affect premium costs when trying to find cheap insurance for retired military. The costs are based on a single female driver, full physical damage coverage, and no discounts are applied.

In the chart above, a 30-year-old driver could pocket $272 a year by switching from a $100 deductible up to a $500 deductible, or save $410 by selecting a $1,000 deductible. Young drivers, like the 20-year-old, can cut as much as $602 every year just by choosing higher deductibles. When insureds make the decision to increase the deductibles on their policy, it is essential to have emergency funds available to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Can you find cheaper Phoenix car insurance?

Phoenix, AZ car insurance rates are impacted by many factors which can substantially change the price you pay. Turning one year older, adding a teenager to your policy, or getting a DUI can cause premium changes resulting in some companies being cheaper than competitors. Not only may things change on your end, but companies change premium rates without warning in order to be able to pay unexpected claims. Higher than usual claims may cause increased policy costs, while lower claim expenses may cause lower-cost Phoenix car insurance rates.

The data below shows the cheapest car insurance in Phoenix, AZ for a 45-year-old male driver with no prior claims, no tickets, and a good credit history. If we estimate rates based on his personal profile, The Hartford may have the cheapest car insurance rates in Phoenix at $1,220 a year. This is $208 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers are the rest of the top five cheapest Phoenix, AZ auto insurance companies.

Let's now give the driver from the above example some claims, poor credit, and a traffic ticket or two. Because each company has their own guidelines to set their prices, comparing rates may now show a different ranking of the cheapest companies as shown below.

GEICO now has the cheapest rate in Phoenix, AZ with Ameriprise Group, CSAA, Safeco, and Allied also having competitive pricing. This example demonstrates why it is critical to shop around with many companies to get the most budget-friendly car insurance quotes for retired military. Insurance rates consist of many things and change frequently, so the cheapest rate the last time you shopped around may now be an over-priced policy.