Having to pay for pricey auto insurance in Buckeye can stress out your family's budget and make it hard to pay other bills.
Unthinkable but true, most auto insurance buyers in Arizona have stayed with the same insurance company for over three years, and 38% of drivers have never compared rates to find cheap insurance. Most drivers in the United States can save about 47% each year by just comparing quotes, but most tend to underestimate the benefits if they switched to a more affordable policy. Due to the fact that there are so many companies to choose from , it's difficult to locate the lowest cost insurance company.
Lower Buckeye auto insurance rates
It's important that you understand some of the things that play a part in calculating the level of your policy premiums. If you have some idea of what determines premiums, this empowers consumers to make smart changes that can help you get better auto insurance rates. Multiple criteria are used when pricing auto insurance. Some of the criteria are obvious like an MVR report, but others are less obvious such as whether you are married or how financially stable you are.
Shown below are some of the most common factors that factor into rates.
- Females tend to be lower risk - Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. The data does not necessarily mean that females are better drivers. Women and men cause auto accidents in similar numbers, but the males tend to have more serious accidents. Not only that, but men also have more aggressive citations like reckless driving and DUI.
- Excellent credit scores equal low prices - An insured's credit score can be an important factor in determining premium rates. Therefore, if your credit score leaves room for improvement, you could pay less to insure your vehicle if you improve your credit rating. People that have very high credit ratings tend to be more responsible and file fewer claims as compared to drivers with poor credit.
- Commute or pleasure use - The more miles you rack up on your car each year the higher the price you pay to insure it. A lot of insurance companies charge to insure your cars based on their usage. Cars and trucks not used for work or commuting cost less to insure than cars that get driven a lot. It's a smart idea to ensure your auto insurance policy properly reflects the correct usage.
- Bump up coverage deductibles to lower rates - Your deductibles are how much you are required to pay in the event of a claim. Insurance for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims are collision with another vehicle, damage from fire, and damage caused by road hazards. The more of the claim the insured has to pay upfront, the lower your rates will be.
- Insurance prices are higher for high performance vehicles - The make and model of the car or truck you need insurance for makes a significant difference in the rate you pay. The lowest performance passenger cars generally have the cheapest insurance rates, but the final cost of insurance is determined by many other factors.
- Extra coverages that may not be needed - There are a ton of extra coverages that sound like a good idea at the time if you don't pay attention. Insurance for things like coverage for rental cars, better glass coverage, and extra life insurance coverage may be costing you every month. These coverages may sound good when you first buy your policy, but now you might not need them so consider taking them off your policy.
- Vocation reflects on prices - Careers such as military personnel, police officers, and accountants generally pay higher rates than average attributed to intense work requirements and lots of time spent at work. On the flip side, professions such as farmers, students and homemakers generally pay rates lower than average.
- More people means more accidents - Living in a small town can save you money when shopping for auto insurance. People who live in big cities have to deal with more road rage incidents and longer commute times. Less people means fewer accidents.
How to get Buckeye auto insurance price quotes
The following companies offer comparison quotes in Buckeye, AZ. To find cheap car insurance in Arizona, we suggest you visit several of them in order to get a fair rate comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT Extended Cab 2WD||$1,120||$560||$93|
|Chevrolet Silverado LT Regular Cab 2WD||$828||$414||$69|
|Dodge Grand Caravan Hero||$946||$473||$79|
|Dodge Ram Quad Cab Laramie 2WD||$922||$461||$77|
|Ford Edge SEL AWD||$962||$481||$80|
|Ford Escape Limited 2WD||$770||$385||$64|
|Ford F-150 FX2 Super Cab 2WD||$924||$462||$77|
|Ford Focus S 4-Dr Sedan||$1,138||$569||$95|
|Honda Accord EX-L 2-Dr Coupe||$1,174||$587||$98|
|Honda CR-V LX 4WD||$708||$354||$59|
|Honda Civic LX 4-Dr Sedan||$1,062||$531||$89|
|Hyundai Sonata GLS 4-Dr Sedan||$882||$441||$74|
|Nissan Altima 3.5 SR 4-Dr Sedan||$972||$486||$81|
|Toyota Camry Hybrid||$1,214||$607||$101|
|Toyota Corolla XLE||$932||$466||$78|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in zip code location which can modify premium rates substantially.
Rate increases following a ticket or accident
The illustration below illustrates how violations and at-fault fender-benders can increase Kia Optima insurance costs for each age group. The premiums assume a married female driver, full coverage, $100 deductibles, and no discounts are factored in.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
Do you need full coverage?
The chart below visualizes the comparison of Ford Fusion premium costs with full physical damage coverage and with liability coverage only. The costs are based on no claims or driving citations, $250 deductibles, single male driver, and no discounts are taken into consideration.
Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.
Guidelines for dropping full coverage
There isn't a steadfast formula to stop paying for physical damage coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let's pretend your Ford Fusion claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after the policy deductible has been paid. If you are paying over $200 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some circumstances where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Three good reasons to insure your vehicle
Despite the fact that auto insurance is not cheap in Buckeye, insuring your vehicle may not be optional for several reasons.
- Most states have compulsory liability insurance requirements which means the state requires a minimum amount of liability protection in order to drive the car. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your vehicle has a lienholder, it's most likely the lender will have a requirement that you carry insurance to protect their interest in the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your vehicle at a much higher rate and require you to reimburse them for the expensive policy.
- Insurance protects your car and your assets. It will also provide coverage for medical expenses for yourself as well as anyone injured by you. Liability coverage also covers legal expenses if you are sued as the result of your driving. If you have damage to your vehicle as the result of the weather or an accident, your policy will cover the repair costs.
The benefits of insuring your vehicle are without a doubt worth the cost, especially if you ever need it. On average, a vehicle owner in Buckeye is wasting up to $810 a year so compare rates each time the policy renews to ensure rates are inline.
Determine discounts to get cheap Buckeye auto insurance quotes
Companies don't necessarily list every available discount in a way that's easy to find, so the list below details both well-publicized as well as some of the hidden credits available to you.
- Government Employee Discount - Having worked for a branch of the government can save as much as 8% with some auto insurance companies.
- Safety Restraint Discount - Drivers who always wear seat belts and also require passengers to use a seat belt may be able to save a few bucks off the medical payments premium.
- Buckeye Homeowners Discount - Just being a homeowner may trigger a policy discount on auto insurance because of the fact that having a home means you have a higher level of financial diligence.
- Paper-free Discount - Some of the larger companies will provide an incentive just for signing your application online.
- Military Deployment Discount - Having a deployed family member may lower your rates slightly.
- Low Mileage Discounts - Maintaining low annual mileage could earn cheaper auto insurance rates.
One last thing about discounts, some of the credits will not apply to the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, nobody gets a free ride. Any qualifying discounts should help lower the cost of your policy.
To view providers who offer cheap auto insurance quotes in Buckeye in Arizona, click here to view.
Affordable insurance rates are possible
When shopping online for insurance, it's not a good idea to buy poor coverage just to save money. In many instances, an insured dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find at a price you can afford, not the least amount of coverage.
Cheaper insurance in Buckeye can be bought from both online companies and also from your neighborhood Buckeye agents, and you should be comparing both to get a complete price analysis. There are still a few companies who do not provide internet price quotes and many times these smaller providers only sell through independent agents.
We just presented a lot of ways to lower your insurance premium rates in Buckeye. The key thing to remember is the more price quotes you have, the higher your chance of finding cheaper Buckeye auto insurance quotes. Drivers may even discover the biggest savings come from a lesser-known regional company. They can often insure niche markets at a lower cost as compared to the big name companies such as GEICO and State Farm.
For more information, take a look at the resources below:
- Uninsured Motorist Statistics (Insurance Information Institute)
- Which Company has the Cheapest Auto Insurance in Buckeye, AZ? (FAQ)
- Who Has Cheap Auto Insurance for Ride Shares in Arizona? (FAQ)
- Who Has Affordable Arizona Auto Insurance Rates for Veterans? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Police Officers in Arizona? (FAQ)
- Who Has Cheap Auto Insurance Quotes in Arizona? (FAQ)
- Who Has Affordable Arizona Auto Insurance for Drivers Under 25? (FAQ)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- How to Avoid Common Accidents (State Farm)
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)