Wouldn't it be perfect if you could just know the best company in Arizona that has the best rates for a learners permit? It's just not that simple, as there are a whole bunch of unknown elements like where you live, the miles you drive each year, and your marital status, that all have an effect on the price. This article covers some of these factors and will hopefully give you a good beginning to your search for cheaper coverage.
The vehicle model to be insured is one of the largest considerations when trying to find economical auto insurance for a learners permit. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than higher performance models. The data below estimates auto insurance rates for the most budget-friendly vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$2,483|
|Honda CR-V LX 4WD||$2,488|
|Honda Accord LX-P 4-Dr Sedan||$2,483|
|Ford Edge SE 2WD||$2,774|
|Ford Explorer Eddie Bauer 2WD||$2,795|
|Ford F-150 FX2 Super Cab 2WD||$2,801|
|Chevrolet Impala LS||$2,926|
|Honda Odyssey EX||$2,936|
|Dodge Grand Caravan Hero||$2,948|
|Toyota Tacoma Double Cab 4WD||$2,956|
|Toyota RAV4 Limited 4WD||$2,948|
|Chevrolet Malibu Hybrid||$2,954|
|Chevrolet Equinox LT AWD||$2,948|
|Nissan Altima 2.5 4-Dr Sedan||$2,955|
|Toyota Corolla LE||$3,098|
|Hyundai Elantra GLS 4-Dr Sedan||$3,104|
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Data rating is based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in garaging location in Arizona which can influence coverage rates substantially.
Based upon the rates shown, we can conclude that vehicles like the Ford Escape, Honda CR-V, Honda Accord, Toyota Prius, and Ford Edge are likely to be some of the most affordable vehicles to insure for new drivers. The cost of a car insurance policy will tend to be higher because of the fact that there is more claim risk for a learners permit, but overall those makes and models will tend to have the best insurance prices that you'll find.
One of the many criteria that determine auto insurance rates is where you live. Areas with a lot of weather claims or more people like Phoenix, San Tan Valley, and Buckeye tend to pay more, whereas less populated areas benefit from lower rates.
The information below shows the highest-priced areas in Arizona for a learners permit to purchase car insurance in.
|3||San Tan Valley||$1,185|
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Rate information is comparative as the vehicle garaging location can modify auto insurance rates substantially.
Get discount Arizona auto insurance
Insurance companies that sell policies for a learners permit may have premium discounts that can lower rates by 40% or more if you meet specific eligibility requirements. Larger car insurance companies and the discounts they provide include:
- State Farm discounts include multiple autos, Drive Safe & Save, safe vehicle, driver's education, accident-free, good driver, and defensive driving training.
- American Family includes discounts for multi-vehicle, accident-free, TimeAway discount, defensive driver, and good driver.
- GEICO has savings for multi-policy, emergency military deployment, membership and employees, anti-theft, five-year accident-free, and anti-lock brakes.
- 21st Century offers premium reductions for theft prevention, teen driver, early bird, good student, anti-lock brakes, air bags, and 55 and older.
- Progressive may have discounts that include homeowner, continuous coverage, multi-vehicle, online quote discount, and good student.
The illustration below shows the comparison of insurance rates with and without discounts being applied to the rates. The data is based on a male driver, no claims or driving citations, Arizona state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paid-in-full, passive restraint, good student, paperless filing, continuous coverage, and vehicle safety discounts applied. When taking advantage of discounts, the average savings per year on car insurance for a learners permit is 28% or $701.
How much more does full coverage cost?
Saving money on car insurance is probably important to the majority of vehicle owners, and one of the easiest ways to buy cheap insurance for a learners permit in Arizona is to only buy liability coverage. The diagram below compares auto insurance costs when comparing full coverage to liability only. The data assumes a clean driving record, no claims, $1,000 deductibles, single marital status, and no additional discounts are factored in.
As an average, comp and collision coverage costs an extra $1,366 per year over liability only. At some point, about every driver wonders if you should buy full coverage at all. There isn't a written rule to stop buying comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
There are some cases where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
Insurance rate increases from tickets or accidents
The obvious way to snag cheap car insurance premiums in Arizona for new drivers is to be a careful driver and not have accidents or get tickets. The information below demonstrates how traffic citations and fender-benders influence car insurance rates for different ages of insureds. The costs are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are factored in.
In the example above, the average cost of a car insurance policy in Arizona per year with no violations or accidents is $2,305. Factor in one speeding ticket and the average cost hikes up to $2,595, an increase of $290 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of car insurance for a learners permit in Arizona goes up to an average of $3,429. That's an increase of $1,124, or $94 per month, just for not driving responsibly!
Here's why you should compare rates often
Arizona car insurance rates are based on many factors that can increase the price you have to pay. Simply having another birthday, getting divorced, or having a fender bender can cause premium changes that can cause some rates to be cheaper in comparison to the competition.
In addition, insurance companies modify rates as needed to ensure their profitability. Significantly higher losses may result in additional premium costs, while long-term profits may result in lower-cost Arizona car insurance rates.
To help illustrate this point, the graph below shows a variety of companies that have the cheapest car insurance in Arizona for a 45-year-old female driver with no accidents or violations, and a good credit rating. If we estimate rates based on her personal profile, The Hartford has the most affordable car insurance rates in Arizona at $811 per year. This is $617 less than the average policy premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are also included in the top five cheapest Arizona auto insurance companies.
Let's now give the driver from the first example a claim surcharge, a little lower credit rating, and a stop sign violation. Since each auto insurance company has a proprietary method for determining rates in each state, getting updated rate quotes will most likely result in a different set of affordable Arizona car insurance companies as shown below.
GEICO now has the cheapest price in Arizona with Ameriprise Group, Allied, CSAA, and Safeco completing the list. This illustrates why consumers need to take the time to compare lots of rates to get the most budget-friendly car insurance quotes for a learners permit.
Auto insurance prices are made up of many different factors and change dramatically, so the lowest-price company when you bought your policy may now be one of the more expensive options.