Cost of auto insurance in Phoenix is determined by many factors. One of the most important factors is your vehicle's make and model. The higher your vehicle's price, the more you will pay for coverage. Luckily, it's possible to find the cheapest car insurance in Phoenix by shopping around.
Drivers 40 years old and over can expect to pay $1,748 per year in Phoenix. This rate is much lower than what they would pay in other areas of the country, which is $2,534 Your premium will be affected by more than just the model of your car. It also depends on your driving history and age.
Drivers who are involved in a lot of accidents or claim will usually be charged higher by their insurers. Drivers who have good driving records and excellent credit scores may be able to save as much as 65 percent. Requesting a customized quotation is a smart move.
Rates can be affected by more than just gender and age. Credit score and location could also have an impact. Federal employees and homeowners may be eligible to receive discounts. USAA has low rates for veterans and military personnel. State Farm may be a better option for young drivers.
GEICO Insurance may be the best choice if full coverage is what you need. Their rates are approximately half of the national average making them the most affordable option in the city. They also offer a variety of coverage options, including comprehensive, collision, and other liability policies.
When you're searching for the cheapest auto insurance in Phoenix, you should look into how the insurers calculate the premiums. Each company uses its own formula. Progressive's formulas consider drivers' driving history and age to determine how much they'll be charged for coverage. That means that you can save up to $1,134 a year by choosing Progressive.
The next cheapest option is State Farm. Phoenix residents will pay on average $1,338 per year for car insurance. State Farm offers only insurance for civilian families, and this is unlike other car insurers.
Your rate could rise significantly if reckless driving or at-fault driving is a pattern. If you are convicted on a DUI or other driving offence, your premium may rise up to $934 per the year. Avoid speeding or engaging in other dangerous behavior to avoid any criminal charges.
If you drive well, your monthly premium will likely be lower than the Phoenix drivers. Although there are many factors that influence your premium, you can usually get a discount for safe driving. Depending on the insurer, you may also receive discounts for having a clean driving record or purchasing a full coverage policy.
Full coverage insurance in Phoenix will protect you from property damage and non-collision damages, but it will cost more than the minimum coverage policy. Your premium could be higher than the car's value, so make sure you get the right coverage.