Finding reliable, reasonably-priced auto insurance is challenging, and deciding which insurers offer the cheapest auto insurance rates for good drivers will take more quotes for comparison. Each insurer uses a little different formula to set premium rates, so let’s rank the auto insurance companies with the most affordable rates in Phoenix, AZ.
It’s important to understand that Phoenix, AZ auto insurance rates are impacted by many things that control the price you pay. Price variation is why it is important to shop around with many companies to find affordable auto insurance quotes for good drivers. Auto insurance prices are calculated by many things and change frequently, so the best price three years ago may now be priced much higher than other options.
Find Cheaper Auto Insurance for Good Drivers
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,247|
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The Hartford quotes some of the best car insurance rates in Phoenix at around $845 a year. Auto-Owners, Safeco, Travelers, and USAA are also some of the cheaper Phoenix, AZ car insurance companies.
As the rates illustrate above, if you currently have a policy with Travelers and switched to The Hartford, you may see a yearly price reduction of in the neighborhood of $241. Policyholders with USAA could save as much as $279 a year, and Progressive policyholders might see rate reductions of $307 a year.
Understand that those estimates are averaged for all insureds and vehicles and do not take into consideration an exact location for good drivers. So the insurer that can offer you the best price may not even be in the top 28 companies in the list above. That points out the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
The make and model of vehicle you are insuring is one of the largest considerations when comparing cheap car insurance for good drivers. Vehicles with higher performance characteristics, poor safety features, or high incidents of liability claims will cost quite a bit more to insure than more modest models.
The list below features insurance rates for a handful of the more affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$1,624|
|Ford Escape Limited 2WD||$1,631|
|Honda Accord EX-L 4-Dr Sedan||$1,721|
|Dodge Grand Caravan CV||$1,781|
|Toyota RAV4 Sport 4WD||$1,878|
|Honda Odyssey LX||$1,998|
|Ford Focus SES 2-Dr Coupe||$2,110|
|Ford Explorer XLT 4WD||$2,181|
|Ford F-150 Lariat Crew Cab 4WD||$2,193|
|Dodge Ram Quad Cab ST 2WD||$2,196|
|Hyundai Elantra Blue 4-Dr Sedan||$2,221|
|Toyota Tacoma 2WD||$2,256|
|Chevrolet Equinox LS 2WD||$2,304|
|Chevrolet Malibu Hybrid||$2,313|
|Chevrolet Impala LT||$2,304|
|GMC Sierra SL Extended Cab 2WD||$2,313|
|Jeep Grand Cherokee Laredo 2WD||$2,304|
|Chevrolet Silverado LT Crew Cab 4WD||$2,309|
|Toyota Camry LE||$2,304|
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Prices do not factor in your specific Phoenix, AZ location which can revise coverage prices significantly.
By looking at the data, we can presume that models like the Honda CR-V, Ford Escape, and Honda Accord are the most economical vehicles to insure for safe drivers.
Types of discounts on Phoenix car insurance
Insurance providers that offer coverage for good drivers may also provide discounts that could potentially reduce rates by 25% or more if you are eligible to receive them. Large auto insurance companies and some of their more popular discounts are:
- GEICO may have discounts that include five-year accident-free, anti-theft, daytime running lights, military active duty, anti-lock brakes, and multi-policy.
- MetLife offers discounts for good driver, good student, multi-policy, defensive driver, accident-free, and claim-free.
- State Farm offers premium reductions for good driver, good student, student away at school, Drive Safe & Save, and safe vehicle.
- Progressive has discounts for online signing, good student, multi-policy, online quote discount, and continuous coverage.
- Mercury Insurance may include discounts for age of vehicle, ease of repair, accident-free, good driver, location of vehicle, and good student.
- 21st Century includes discounts for driver training, 55 and older, early bird, defensive driver, homeowners, student driver, and good student.
- Allstate policyholders can earn discounts including good payer, 55 and retired, multi-policy, resident student, defensive driver, and economy car.
The illustration below shows the difference between insurance premiums with and without discounts applied to the rates. The premiums assume a male driver, a clean driving record, no at-fault accidents, Arizona state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple policy, anti-theft, passive restraint, safe-driver, defensive driving course, and vehicle safety discounts applied. When discounts are factored in, theaverage yearly reduction on auto insurance for good drivers is 28% or $528.
Ending up with the top company is hard considering how many companies are available to choose from in Phoenix. The company information listed below may help you pick which providers you want to consider when shopping your coverage around.
The rankings below include companies that write coverage in many states, so companies that have a smaller presence are not included in this list. To compare prices from the insurers below and more, click this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
The chart below demonstrates how choosing different deductibles can raise or lower insurance rates when researching cheap insurance for good drivers. The premiums assume a married male driver, full physical damage coverage, and no discounts are factored in.
The data above shows that a 30-year-old driver could cut expenses by $232 a year by switching from a $100 deductible to a $500 deductible, or save $352 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old example, have the ability to save up to $694 annually by using a higher deductible. When raising deductibles, it is essential to have enough in a savings account to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Don’t make the mistake of not shopping around
Phoenix, AZ auto insurance rates are impacted by many things which can substantially change the cost of coverage. Getting older, becoming a homeowner, or having an accident can produce rate changes that can make some companies more affordable than competitors. Not only may your situation change, but insurers file new Arizona car insurance rates without warning to adjust for heavy claims or excess profits. Higher than usual claims can result in higher prices, while long-term profits may produce cheaper Phoenix car insurance rates.
To help illustrate this point, the data below shows which company has the cheapest car insurance in Phoenix, AZ for a 35-year-old female driver with no violations or accidents, and solid credit. If we look at prices based on her personal profile, The Hartford quotes the cheapest car insurance rates in Phoenix at $1,160 annually. This is $268 less than the average policy premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA are the rest of the best Phoenix, AZ auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison some claims, a little lower credit rating, and a speeding ticket. Because each company has their own unique process to establish rates, getting updated rate quotes could now result in a substantially altered list of the cheapest Phoenix car insurance companies as shown below.
GEICO now has the lowest price on auto insurance in Phoenix, AZ with Allied, Ameriprise Group, CSAA, and Safeco also having competitive pricing. This example illustrates why drivers need to shop around when trying to get the lowest car insurance rates for good drivers. Prices are determined by many factors and change dramatically, so the lowest-price company when you bought your policy may now be priced much higher than other options.
The auto insurance agents in Phoenix shown below are a good start to help you decide which car insurance company is the best fit, as some people prefer to get help from a professional when trying to find the best insurance rates for good drivers. It can be hard to find the cheapest rates, so getting advice from a licensed Arizona insurance agent can give you satisfaction knowing your coverage gives you enough coverage when you need it.
To find an auto insurance agency close to where you live, click the button at the bottom of the list.
State Farm: Mat Herseth
751 E Union Hills Dr #A9, Phoenix 85024 – 751 E Union Hills Dr #A9, AZ 85024 – (602) 788-6700
Douglas Cheung – State Farm Insurance Agent
2600 N 44th St #110 – Phoenix, AZ 85008 – (602) 840-6655
Best Buy Insurance
3917 S Central Ave – Phoenix, AZ 85040 – (602) 268-2548
Allstate Insurance: Christine Yap
9303 N 7th St Ste 5 – Phoenix, AZ 85020 – (602) 371-0581