Feel like you have an overpriced insurance policy? You’re preaching to the choir because there are many people just like you.
Unbelievably, 70% of consumers kept their coverage with the same insurance company for four years or more, and roughly 40% of drivers have never compared rates with other companies. With the average insurance premium being $1,580, Phoenix drivers could save an average of $733 each year by just comparing rate quotes, but they just feel it’s too hard to compare rate quotes online. Many insurers compete for your insurance dollar, and because of this it can be hard to compare auto insurance companies and get the best coverage at the lowest cost out there.
If you have a policy now or just want to reduce your rates, use these tips to reduce the price you pay while maximizing coverage. Locating the best rates in Phoenix is quite easy. Consumers only need to know the most efficient way to compare rates online from multiple companies.
Finding cheaper car insurance prices is pretty simple and can save money. Consumers just need to spend a little time to get quotes online from several insurance companies.
Online shopping is fast and free, and it takes the place of having to spend your day driving to local insurance agencies. Buying insurance online eliminates the middleman unless you have a complicated situation and need the professional abilities of a local agent. Drivers can price shop your coverage online but have a local agent actually write the policy.
The providers in the list below provide quotes in Phoenix, AZ. If more than one company is shown, we recommend you visit as many as you can to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Caravan CV||$224||$314||$306||$18||$92||$954||$80|
|Grand Caravan SE||$226||$368||$362||$22||$108||$1,086||$91|
|Grand Caravan Hero||$138||$278||$390||$24||$116||$946||$79|
|Grand Caravan Crew||$282||$456||$306||$18||$92||$1,154||$96|
|Grand Caravan SXT||$212||$314||$300||$18||$90||$934||$78|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Rate information does not factor in specific garaging location which can revise premiums considerably.
Cost difference between full coverage and liability
The example below shows the difference between Dodge Grand Caravan insurance rates with full coverage compared to only the Arizona minimum liability coverage. The premium estimates are based on no claims or driving citations, $250 deductibles, single female driver, and no policy discounts are applied.
Should you pay for full coverage?
There isn’t a written rule for dropping physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s pretend your Dodge Grand Caravan replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after the policy deductible has been paid. If premiums are more than $300 annually for full coverage, then it may be the right time to buy liability only.
There are some cases where removing full coverage is not recommended. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Buying insurance from Phoenix car insurance agents
Many drivers just want to get professional advice from a licensed agent and that is just fine! Licensed agents will help you protect your assets and will help you if you have claims. An additional benefit of comparing insurance prices online is that you can obtain cheap insurance rates and still choose a local agent. And buying from local agencies is definitely important in Phoenix.
Upon completion of this simple form, the coverage information is emailed to participating agents in Phoenix who will give competitive quotes for your business. You won’t need to contact any agents because prices are sent to the email address you provide. If you wish to compare prices from a particular provider, you would need to search and find their rate quote page and fill out their quote form.
Two types of auto insurance agents
If you are wanting to find local Phoenix agents, you need to know there are two different agency structures from which to choose. Insurance agencies in Phoenix can be categorized as either independent or exclusive depending on the company they work for. Both do a good job, but it’s worth learning the difference in how they write coverage since it can affect your agent selection.
Independent Insurance Agents
Independent agents are not limited to a single company so they can write business with many different companies and find you cheaper rates. If they find a lower price, the business is moved internally and the insured can keep the same agent.
When searching for an agent, you will definitely want to get rate quotes from a couple of independent agencies to get the best comparison.
Featured below are Phoenix independent agencies who may provide price quote information.
Exclusive Insurance Agents
Exclusive agencies can only provide pricing for a single company and examples are American Family, State Farm, and AAA. Exclusive agents are unable to provide rate quotes from other companies so they really need to provide good service. These agents are well schooled on what they offer which helps them sell insurance even at higher premiums.
The following are Phoenix exclusive insurance agents that are able to give rate quotes.
Jim Nork – State Farm Insurance Agent
1600 W Camelback Rd #1a – Phoenix, AZ 85015 – (602) 222-9400 – View Map
Finding the right insurance agency is decision based upon more than just the premium amount. The questions below may impact your decision as well.
- Will your rates increase after a single accident?
- Are they properly licensed to sell insurance in Arizona?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do they make recommendations based only on price?
- Can you get a list of referrals?
After receiving good feedback as well as offering an affordable quote, you’ve probably found an insurance agent that can be relied on to adequately provide insurance.