One of the more important considerations that aid in calculating car insurance rates is where you live in Phoenix. More populated areas will most likely have higher rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.
The following table rates the most costly cities in Arizona for good students to purchase car insurance in. Phoenix is ranked #1 with a yearly cost of $1,255 for the average insurance policy, which is approximately $105 each month.
|Rank||City||Premium Per Year|
|3||San Tan Valley||$1,185|
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Prices are estimated as the specific Phoenix residence address can change coverage prices substantially.
The car, truck, or SUV needing coverage is one of the primary factors when comparing the lowest-priced insurance for good students. Vehicles with higher performance characteristics, poor safety features, or a history of substantial liability claims will cost much more to insure than safer, lower-performance models.
The next list ranks insurance rates for the most economical vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$5,918|
|Ford Escape Limited 2WD||$5,923|
|Honda Accord EX-L 4-Dr Sedan||$6,290|
|Dodge Grand Caravan CV||$6,582|
|Ford F-150 XLT Super Cab 4WD||$6,639|
|Volkswagen Jetta 2.0T Station Wagon||$6,716|
|Chevrolet Impala LS||$6,896|
|Chevrolet Equinox LT AWD||$6,953|
|Toyota RAV4 2WD||$6,958|
|GMC Sierra SL Extended Cab 2WD||$6,953|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$7,011|
|Chevrolet Malibu LT||$7,018|
|Ford Explorer Limited AWD||$7,011|
|Honda Civic LX 4-Dr Sedan||$7,265|
|Hyundai Elantra Blue 4-Dr Sedan||$7,275|
|Ford Focus SEL 4-Dr Sedan||$7,265|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$7,319|
|Ford Edge Sport AWD||$7,322|
|Toyota Camry SE||$7,330|
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Data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in Phoenix, AZ location which can decrease or increase price quotes significantly.
Based upon the rates shown, models like the Honda CR-V, Ford Escape, Honda Accord, Toyota Prius, and Dodge Grand Caravan will be the most affordable vehicles to insure for student drivers.
Finding decent, affordable car insurance is easier said than done, and finding out which company has the most affordable insurance rates for good students calls for even more perseverance. Each insurance company has a proprietary formula to set their prices, so to begin we’ll rank the insurance companies with the most affordable rates in Phoenix, AZ.
It’s important to know that Arizona insurance rates are calculated based on many things that can increase the policy premium. Getting older, buying a different home, or getting a ticket for running a stop sign can trigger changes in premium resulting in some companies being more affordable than others.
Lowest Insurance Price Quotes for Students
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,259|
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The Hartford has some of the cheapest car insurance rates in Phoenix at around $836 annually. This is $592 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers also are some of the cheapest Phoenix, AZ auto insurance companies.
In the above rates, if you are a policyholder with Auto-Owners and switched to The Hartford, you could earn yearly savings of approximately $52. Insureds with Safeco may save as much as $69 a year, and USAA policyholders might realize rate reductions of up to $255 a year.
To find cheaper insurance rates for your vehicle, click here to start your custom quote or visit several of the following companies.
Remember that these prices are averaged across all drivers and vehicles in Arizona and are not factoring in a specific vehicle garaging location for good students. So the company that is best suited for you may not even be in the top 28 companies shown above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
Get discounts on Phoenix insurance
Insurance companies that sell policies for good students may also give you premium discounts that can lower rates by 35% or more if you qualify for them. The best insurance companies and a selection of discounts are detailed below.
- State Farm may have discounts that include Drive Safe & Save, passive restraint, multiple policy, Steer Clear safe driver discount, accident-free, anti-theft, and driver’s education.
- GEICO discounts include membership and employees, emergency military deployment, federal employee, multi-policy, good student, and multi-vehicle.
- Liberty Mutual offers premium reductions for good student, hybrid vehicle, exclusive group savings, safety features, and newly retired.
- The Hartford offers discounts for driver training, defensive driver, vehicle fuel type, air bag, anti-theft, and good student.
- MetLife has savings for accident-free, good driver, good student, claim-free, defensive driver, and multi-policy.
- Progressive offers discounts including multi-policy, online signing, continuous coverage, homeowner, and good student.
The chart below illustrates the comparison of car insurance rates with and without discounts. Data assumes a male driver, no violations or claims, Arizona state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with good student, paid-in-full, anti-theft, passive restraint, vehicle safety, and paperless filing discounts applied. When discounts are applied, the average savings per year on insurance for good students is 28% or $608.
Full coverage rates compared to liability-only
Saving money when shopping for insurance is the goal of the majority of people, and a good way to find cheaper insurance for good students is to not buy full coverage. The diagram below shows the comparison of car insurance costs with and without full coverage. The information is based on no violations or claims, $500 deductibles, drivers are not married, and no other discounts are factored in.
If we average the cost for ages 20 through 70, full coverage on your policy costs $1,919 per year more than just insuring for liability. Many drivers will wonder when is the right time to remove full coverage. There is no exact rule of when to drop comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s claim settlement value is $11,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $10,500 after paying your policy deductible. If you are paying over $1,050 a year for physical damage coverage, then it might be time to consider dropping full coverage.
What aren’t you shopping around?
Phoenix, AZ insurance rates are determined by lots of factors that can increase the price you pay. Simply turning a year older, having a teenage driver, or getting a driving violation can trigger changes in premium that can now make some companies cheaper than others.
In addition, insurers change premium rates as needed to help ensure profitability. A period of higher than normal claims can result in increased policy costs, while a better loss history may cause cheaper Phoenix car insurance rates.
The chart below shows rates for the cheapest car insurance in Phoenix, AZ for a 45-year-old female driver with no prior accidents, a clean driving record, and a high credit rating. If we estimate prices based on her current risk factors, The Hartford may offer the most affordable car insurance rates in Phoenix at $1,196 per year. This is $232 less than the average policy premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and Progressive are the rest of the top five cheapest Phoenix, AZ auto insurance companies.
Let’s now give the driver from the above example a claim or two, a little lower credit rating, and a few traffic violations. Since each auto insurance company has a unique approach to determining premium rates, comparing quotes may result in a slightly different list of affordable companies as shown below.
GEICO now has the lowest price on auto insurance in Phoenix with Ameriprise Group, CSAA, Allied, and Farm Bureau Mutual also being competitive. This example proves why it is critical to compare rates to find the most affordable auto insurance rates for good students. Car insurance prices are calculated by many risk factors and change dramatically, so the cheapest option a year ago may now not even be in the top five.