Ideally, we could simply tell you the one company in Phoenix that has the most affordable coverage in Arizona. Unfortunately, it’s not that simple as there are a whole slew of unknown aspects such as how safe your vehicle is, if you have a tendency to get pulled over, if you have a spouse, and if you own a home, that all have an effect on the price. If you keep reading, we will teach you about the best ways to save on auto insurance and will hopefully give the reader some help in finding cheaper rates.
Establishing which companies quote the most affordable auto insurance rates for low mileage drivers will involve more time in order to find the most economical policy. Each insurer uses their own method for setting prices, so let’s examine the lowest cost auto insurance companies in Arizona.
It’s important that readers know that Arizona auto insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay. Simply improving your credit, having a teenage driver, or getting a ticket for careless driving may prompt premium changes that can cause some rates to be more affordable than others.
Find the Best Cheap Insurance in Arizona
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,247|
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The Hartford may have some of the lowest car insurance rates in Phoenix at around $820 a year. This is $608 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA would also be considered some of the cheaper Phoenix, AZ car insurance companies.
As depicted above, if you currently have a policy with Travelers and switched to Auto-Owners, you may realize a yearly savings of about $187. Arizona drivers with USAA might save as much as $192 a year, and GEICO policyholders might lower prices by $254 a year.
To find the cheapest coverage for you, click here to begin a quote or visit any of the low-priced companies below.
Bear in mind that those policy prices are averages across all ages of drivers and types of vehicles and are not factoring in a specific zip code for low mileage drivers. So the insurer that has the cheapest price for you may not even be in the top 28 companies shown above. That helps illustrate why you need to compare prices as often as possible using your own specific driver and vehicle information.
The type of vehicle you are trying to insure is probably the largest consideration when shopping around for the cheapest insurance for low mileage drivers. Vehicles with higher performance, poor passenger safety features, or a track record of large liability claims will cost quite a bit more to insure than safer, lower-performance models. The next table outlines car insurance rates for some of the more affordable automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Volkswagen Jetta S 2.5 Station Wagon||$1,899|
|Hyundai Elantra GLS Touring Station Wagon||$2,004|
|Ford Escape XLT 2WD||$2,011|
|Ford Edge Limited 2WD||$2,037|
|Dodge Grand Caravan Crew||$2,115|
|Honda CR-V LX 2WD||$2,148|
|Ford Fusion SEL 4-Dr Sedan||$2,221|
|Nissan Rogue S 2WD||$2,227|
|Honda Civic GX 4-Dr Sedan||$2,290|
|Ford Focus SE 4-Dr Sedan||$2,329|
|Honda Odyssey EX||$2,334|
|Ford F-150 XLT Regular Cab 2WD||$2,356|
|Toyota Camry Hybrid||$2,371|
|Toyota RAV4 2WD||$2,374|
|Jeep Wrangler Rubicon 4WD 2-Dr||$2,407|
|Ford Explorer XLT 4WD||$2,413|
|Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD||$2,410|
|GMC Sierra 2500HD SLT Extended Cab 2WD||$2,479|
|Chevrolet Silverado 2500HD LTZ Crew Cab 2WD||$2,521|
|Chevrolet Impala LT||$2,542|
|Chevrolet Malibu Hybrid||$2,551|
|Chevrolet Equinox LTZ AWD||$2,545|
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Information does not factor in specific Phoenix, AZ garaging location which can raise or lower premiums considerably.
Based on these rates, cars like the Volkswagen Jetta, Hyundai Elantra, Ford Escape, and Ford Edge will be the cheaper vehicles to insure for infrequent drivers.
For infrequent drivers, one of the more important components that help determine car insurance rates is where you keep your vehicle in Phoenix. Areas with a lot of weather claims or more people tend to pay more, whereas areas with less crime or weather claims receive better rates.
The illustration below ranks the most expensive areas in Arizona for low mileage drivers in which to purchase auto insurance. Phoenix shows up at #1 with a yearly premium of $1,218 for car insurance, which is around $102 per month.
|Rank||City||Average Per Year|
|2||San Tan Valley||$1,196|
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Table data uses estimated as the specific Phoenix residence address can revise premiums greatly.
Get discount Phoenix insurance rates
Insurers that provide policies for low mileage drivers may additionally offer special discounts that could reduce prices by as much as 35% if you meet the requirements. A few of the larger companies and a summarized list of policyholder discounts are shown below.
- The Hartford includes discounts for vehicle fuel type, defensive driver, good student, bundle, anti-theft, and driver training.
- American Family discounts include good student, air bags, bundled insurance, Steer into Savings, multi-vehicle, and good driver.
- Progressive may offer discounts for multi-vehicle, continuous coverage, homeowner, multi-policy, good student, and online signing.
- Travelers has discounts for multi-policy, multi-car, hybrid/electric vehicle, payment discounts, and driver training.
- Farmers Insurance has savings for switch companies, youthful driver, pay in full, multi-car, early shopping, bundle discounts, and good student.
- USAA offers discounts for new vehicle, multi-policy, loyalty savings, family discount, defensive driver, and driver training.
- Liberty Mutual offers premium reductions for new move discount, new graduate, good student, exclusive group savings, newly married, and multi-car.
The chart below visualizes the comparison of auto insurance costs with and without discounts being applied to the rates. The data is based on a female driver, no driving violations, no at-fault accidents, Arizona state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, vehicle safety, multiple policy, claim-free, marriage, and multiple vehicle discounts applied. When taking advantage of discounts, theamount saved on auto insurance for low mileage drivers is 28% or $360.
Impact of careless driving on Phoenix auto insurance rates
The easiest way to get affordable auto insurance prices in Arizona for infrequent drivers is to drive safe and not have accidents or get tickets. The diagram below illustrates how speeding tickets and fender-benders can affect car insurance rates for each age group. The price estimates are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in Phoenix per year with no accidents or violations is $1,627. Get written up for two speeding tickets and the average cost increases to $2,167, an increase of $540 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of auto insurance for low mileage drivers jumps again to an average of $2,719. That’s an increase of $1,092, or $91 per month, just for not driving safely!
The diagram below shows how choosing a deductible can raise or lower insurance rates when quoting cheap insurance for low mileage drivers. Data assumes a single female driver, full physical damage coverage, and no discounts are applied.
As shown above, a 40-year-old driver could cut expenses by $330 a year by switching from a $100 deductible up to a $500 deductible, or save $500 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could save up to $844 or even more by using a higher deductible.
When using a larger deductible, it will be necessary to have enough savings to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Why you should be shopping around
Phoenix auto insurance rates are impacted by many things that will increase or decrease the policy price. Simply improving your credit, adding a teenager to your policy, or having a fender bender can trigger rate changes resulting in some rates now being cheaper than others. In addition to those changes, insurers amend premium rates as often as every quarter as an adjustment for underwriting gains or losses. A period of higher than normal claims can cause high rates, while lower claims may cause lower-cost Phoenix car insurance rates.
The bar chart below shows which company has the cheapest car insurance in Phoenix, AZ for a 30-year-old female driver with no violations or accidents, and great credit. If we estimate rates based on her current risk factors, The Hartford offers the lowest car insurance rates in Phoenix at $1,219 annually. This is $209 less than the average price paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA also make the list of the cheapest Phoenix, AZ auto insurance companies.
The next chart shows rates after we give the driver from the first example a claim, a lower credit rating, and a stop sign violation. Since each auto insurer has a different process for setting rates, analyzing rate quotes may now show a substantially altered list of cheap Phoenix auto insurance companies as shown below.
Progressive now has the cheapest rate in Phoenix, AZ with Ameriprise Group, Allied, CSAA, and Safeco also having competitive pricing. This demonstrates why drivers need to shop around when trying to get the most affordable insurance quotes for low mileage drivers. Rates are influenced by many factors and can change without notice, so the most affordable company six months ago may now be one of the higher cost companies.