The make and model of vehicle to be insured is one of the primary factors when quoting low-cost auto insurance for unemployed drivers. Vehicles with average performance, advanced safety features, or low incidents of liability claims will cost substantially less to insure than higher performance models. The information below ranks insurance rates for a handful of the most economical automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $1,640 |
| Honda CR-V EX-L 4WD | $1,678 |
| Ford F-150 XL Regular Cab 4WD | $1,841 |
| Ford Edge SEL 2WD | $1,905 |
| Nissan Altima 2.5 4-Dr Sedan | $1,943 |
| Chevrolet Equinox LS 2WD | $1,952 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,943 |
| Dodge Grand Caravan SXT | $1,981 |
| Ford Explorer Limited 4WD | $1,990 |
| Ford Escape Limited 4WD | $2,039 |
| Hyundai Elantra GLS 4-Dr Sedan | $2,045 |
| Hyundai Sonata GLS 4-Dr Sedan | $2,082 |
| Chevrolet Impala LS | $2,187 |
| Honda Odyssey EX | $2,194 |
| Toyota Tacoma 2WD | $2,187 |
| Kia Optima SX | $2,222 |
| Toyota Camry Hybrid | $2,227 |
| Chevrolet Malibu LS | $2,228 |
| Toyota RAV4 2WD | $2,238 |
| Jeep Grand Cherokee Laredo 2WD | $2,228 |
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price information does not factor in the specific area where the vehicle is garaged which can increase or decrease premiums significantly.
Based upon these rates, you can figure that models like the Honda Accord, Honda CR-V, Ford F-150, Ford Edge, and Nissan Altima are a few of the cheaper vehicles to insure for the unemployed.
One of the many things that help determine auto insurance rates is where you live. Areas with more people or more claims likely pay more, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.
The illustration below lists the highest-priced places in Arizona for unemployed drivers to buy auto insurance in. Phoenix is ranked at #1 with a yearly premium of $1,268 for the average insurance policy, which is around $106 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Phoenix | $1,268 |
| 2 | San Tan Valley | $1,196 |
| 3 | Glendale | $1,190 |
| 4 | Avondale | $1,174 |
| 5 | Mesa | $1,159 |
| 6 | Buckeye | $1,144 |
| 7 | Gilbert | $1,142 |
| 8 | Tempe | $1,140 |
| 9 | Scottsdale | $1,129 |
| 10 | Peoria | $1,126 |
| 11 | Maricopa | $1,107 |
| 12 | Goodyear | $1,098 |
| 13 | Chandler | $1,093 |
| 14 | Surprise | $1,090 |
| 15 | Casa Grande | $1,079 |
| 16 | Catalina Foothills | $1,072 |
| 17 | Tucson | $1,072 |
| 18 | Casas Adobes | $1,040 |
| 19 | Oro Valley | $1,020 |
| 20 | Yuma | $983 |
| 21 | Flagstaff | $969 |
| 22 | Prescott | $952 |
| 23 | Lake Havasu City | $878 |
| 24 | Bullhead City | $869 |
| 25 | Sierra Vista | $863 |
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Premium costs are comparative as the specific garaging location can change premium rates significantly.
Cost comparison with and without full coverage
Saving money on insurance should be important to most vehicle owners, and a good way to buy cheaper insurance for unemployed drivers is to not buy full coverage. The diagram below illustrates the comparison of insurance prices with liability coverage only compared to full coverage. The costs are based on no claims or driving citations, $100 deductibles, drivers are single, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage insurance costs $2,345 per year over having just liability coverage. That is a big expense that brings up the question if paying for full coverage is worth it. There isn’t a steadfast formula for eliminating physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s assume your vehicle’s book value is $6,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,500 after paying the physical damage deductible. If premiums are more than $550 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
Finding a highly-rated company is hard considering how many different companies sell coverage in Phoenix. The rank data shown next could help you pick which car insurance providers to look at comparing rates with.
These ratings include insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure are not taken into consideration for these rankings. To check prices from these and other top-rated companies, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The illustration below shows how different deductible levels can influence insurance premiums when trying to find cheap insurance for unemployed drivers. The rates are based on a single male driver, comp and collision included, and no other discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $244 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $370 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, can save $808 each year just by choosing larger deductibles. If you make the decision to raise deductibles, it is necessary to have plenty of savings on hand to satisfy the extra out-of-pocket expense that comes with higher deductibles.
If you would rather have some professional guidance when shopping around for cheaper insurance for unemployed drivers, the agents listed below can provide answers to your questions and help you determine which coverages are best.
To find a Phoenix insurance agency close to where you live, click the link at the bottom or click here to compare price quotes now.
- Farmer-Leavitt Insurance Agency
919 N 1st St – Phoenix, AZ 85004 – (602) 264-0566 - Mattie Taylor – State Farm Insurance Agent
4225 W Bell Rd – Phoenix, AZ 85053 – (602) 938-4491 - Horizon Insurance Group
2880 E Northern Ave #100 – Phoenix, AZ 85028 – (602) 992-9750 - Best Buy Insurance
3917 S Central Ave – Phoenix, AZ 85040 – (602) 268-2548 - Chris Bolton – State Farm Insurance Agent
1630 N 7th St – Phoenix, AZ 85006 – (602) 252-1330
More insurance agents in Phoenix, AZ
How to find the cheapest auto insurance for unemployed drivers
Lowering your rates is not difficult, and here are many money-saving suggestions that can help drivers buy low-cost car insurance.
- Assess whether full coverage is needed
- Safe vehicles cost less to insure
- Do not file small claims
- Buy your auto and home insurance from the same company and save
- Higher deductibles mean lower rates
- Increase your credit rating
- Compare rates regularly and switch companies to save money
The last suggestion is very vital, as we discussed in the article above. Auto insurance rates in Phoenix can be modified anytime, so don’t be unwilling to change to a new company if a better rate can be found. Sticking with a specific company is fine, but we do not recommend it if that faithfulness ends up costing you thousands of dollars over several years. If you have a few minutes, compare prices and find cheaper insurance for unemployed drivers.