Automobile

Auto Insurance Phoenix, Arizona: Everything You Need to Know

The state of Arizona, like most states, requires all drivers, including those who live in Phoenix, to carry auto insurance to operate a motor vehicle on state roadways. When purchasing auto insurance, Phoenix, Arizona, drivers are likely to pay higher rates due to driving records and other factors.

Insurance Requirements for Phoenix Drivers

According to MoneyGeek, Arizona state law mandates that all drivers purchase a minimum amount of liability coverage. If you’re a Phoenix resident shopping for auto insurance, you must include the following in your policy:

  • $25,000 in bodily injury liability coverage per person
  • $50,000 in bodily injury liability coverage per accident
  • $25,000 in property damage liability coverage per accident

    MoneyGeek notes that Phoenix drivers pay, on average, $1810 a year for auto insurance. That’s more than the Arizona average of $1470 a year, and it’s higher than the annual national average of $1548.

    Factors That Can Affect a Phoenix Driver’s Auto Insurance Rates

    If you’re shopping for car insurance, providers may quote you a higher or lower price than the citywide average. That’s because providers customize rates according to a driver’s specific profile. The Zebra reports that insurance companies typically factor in the following:

    • Your Age: Across the country, teen drivers who have less driving experience than other drivers pay higher auto insurance rates than other age groups. Teen drivers in Phoenix are no exception. If you’re a teen driver living in Phoenix, you can expect to pay $5140 more a year for auto insurance than drivers in their 20s. Experienced drivers in their 50s and 60s typically pay the lowest rates.
    • Your Marital Status: The industry data shows that married drivers are less likely to file auto insurance claims, and for that, providers reward them with lower rates. Married drivers living in Phoenix can save up to $147 a year on their auto insurance.
    • Your Gender: If you’re a female driver in Phoenix, you can expect to pay $30 more a year for insurance than male drivers living in Phoenix.
    • Your Driving Record: If you’re a Phoenix driver recently cited for a DUI, prepare yourself for a rate hike of up to $934 a year. Reckless driving citations, at-fault accidents, and speeding tickets can also trigger significant rate increases.
    • Your Credit Score: Because the insurance industry correlates credit scores with driver reliability, drivers with low scores pay higher premiums. If you’re a Phoenix driver and you improve your “Very Poor” score to the “Fair” tier, you can save up $1871 a year. If you manage to move up from the “Very Poor” tier to the “Exceptional” tier, you’ll earn a 65 percent discount.
    • Your ZIP Code: Accidents tend to occur more frequently in densely populated ZIP codes, making drivers who live in those areas more expensive to insure. A high number of auto thefts and uninsured drivers can also trigger higher premiums.

      A Comparison of Quotes for Phoenix Drivers

      Even if you’re in a high-risk group, you can find affordable auto insurance by comparing quotes from various providers. Prices vary from one provider to the next because each company has its own formula for calculating rates. MoneyGeek gathered quotes from several providers to find the cheapest rates for different groups of Phoenix drivers. Here’s what they found for drivers shopping for a policy that meets state minimums:

      • GEICO: $400 a year
      • USAA: $415 a year
      • Progressive: $547 a year
      • Country Financial: $599 a year
      • Nationwide: $686 a year
      • Travelers: $664 a year
      • Hartford: $692 a year
      • Esurance: $733 a year
      • State Farm: $719 a year
      • American Family: $870 a year
      • CSAA: $620 a year
      • Mercury: $695 a year
      • Allstate: $789 a year
      • Farmers: $987 a year
      • MetLife: $1033 a year

        If you live in Phoenix and opt for full auto insurance coverage, here’s what you can expect to pay, on average:

        • GEICO: $857 a year
        • USAA: $845 a year
        • Progressive: $1137 a year
        • Country Financial: $1301 a year
        • Nationwide: $1241 a year
        • Travelers: $1329 a year
        • Hartford: $1315 a year
        • Esurance: $1365 a year
        • State Farm: $1438 a year
        • American Family: $1283 a year
        • CSAA: $1665 a year
        • Mercury: $1577 a year
        • Allstate: $1563 a year
        • Farmers: $1841 a year
        • MetLife: $2102 a year

          MoneyGeek also gathered quotes for drivers with different types of violations on their record. If you live in Phoenix and have a recent speeding ticket, at-fault accident, or DUI, MoneyGeek reports that these are your most affordable options:

          • GEICO: $1021 a year with a recent speeding ticket/$1247 a year with an at-fault accident/$1741 a year with a DUI
          • USAA: $1080 a year with a recent speeding ticket/$1303 a year with an at-fault accident/$1978 a year with a DUI
          • American Family: $1330 a year with a recent speeding ticket/$1330 a year with an at-fault accident/$1330 a year with a DUI
          • Progressive: $1558 a year with a recent speeding ticket/$1964 a year with an at-fault accident/$1345 a year with a DUI
          • State Farm: $1572 a year with a recent speeding ticket/$1706 a year with an at-fault accident/$1572 a year with a DUI
          • Country Financial: $1614 a year with a recent speeding ticket/$1695 a year with an at-fault accident/$1795 a year with a DUI
          • Nationwide: $1423 a year with a recent speeding ticket/$1857 a year with an at-fault accident/$2231 a year with a DUI
          • Hartford: $1707 a year with a recent speeding ticket/$1948 a year with an at-fault accident/$1958 a year with a DUI
          • Travelers: $1800 a year with a recent speeding ticket/$1876 a year with an at-fault accident/$2092 a year with a DUI
          • CSAA: $1832 a year with a recent speeding ticket/$1832 a year with an at-fault accident/$2039 a year with a DUI
          • Mercury: $1811 a year with a recent speeding ticket/$2527 a year with an at-fault accident/$1815 a year with a DUI
          • Esurance: $1720 a year with a recent speeding ticket/$2886 a year with an at-fault accident/$2229 a year with a DUI
          • Allstate: $2340 a year with a recent speeding ticket/$2191 a year with an at-fault accident/$2564 a year with a DUI
          • Farmers: $2305 a year with a recent speeding ticket/$2685 a year with an at-fault accident/$2590 a year with a DUI
          • MetLife: $2643 a year with a recent speeding ticket/$3381 a year with an at-fault accident/$4278 a year with a DUI

            Check this out if you need additional information, resources, or guidance on car insurance.

            Sources:

            Compare the Cheapest Car Insurance Quotes in Phoenix, AZ | moneygeek.com

            Phoenix, AZ Car Insurance | thezebra.com

            Average Car Insurance Cost in Arizona: Everything You Need To Know | caranddriver.com

            Full Coverage Insurance: Everything You Need to Know | caranddriver.com

            Car Insurance | caranddriver.com

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