Being forced to pay for pricey car insurance premiums can overdraw your personal savings and force you to prioritize other expenses. Price shopping at each renewal is free, only takes a few minutes, and is a good way to lower your monthly bill.
A recent car insurance study discovered that the vast majority of consumers have been with the same company for four years or more, and nearly the majority have never compared quotes from other companies. Many drivers in Arizona could save up to $730 each year just by comparing rates, but they just assume it takes a lot of time to compare other rate quotes. Numerous auto insurance companies battle for your insurance dollar, so it's not easy to compare every insurer to get the best rate on car insurance.
You need to compare prices before your policy renews because insurance rates are variable and change quite frequently. If you had the lowest premium rates on car insurance last year you will most likely find a better price today. Forget all the misinformation about car insurance because we're going to demonstrate one of the easiest ways to properly buy coverages while reducing your premium.
Best companies for Arizona auto insurance
The companies in the list below offer price comparisons in Queen Creek, AZ. If you wish to find the best cheap auto insurance in Arizona, it's a good idea that you visit two to three different companies to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LT 2WD||$1,038||$519||$87|
|Chevrolet Silverado LT Extended Cab 4WD||$914||$457||$76|
|Dodge Ram Crew Cab Sport 2WD||$922||$461||$77|
|Ford Edge SEL AWD||$1,254||$627||$105|
|Ford Escape XLS 2WD||$1,004||$502||$84|
|Ford F-150 XLT Regular Cab 2WD||$830||$415||$69|
|Ford Focus S 4-Dr Sedan||$886||$443||$74|
|Honda Accord EX 4-Dr Sedan||$1,004||$502||$84|
|Honda CR-V EX 2WD||$836||$418||$70|
|Honda Civic SI 4-Dr Sedan||$882||$441||$74|
|Hyundai Sonata Limited 4-Dr Sedan||$1,016||$508||$85|
|Nissan Altima 2.5 S 2-Dr Coupe||$1,222||$611||$102|
|Toyota Camry Hybrid||$906||$453||$76|
|Toyota Corolla S||$942||$471||$79|
|Get Your Own Custom Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can revise coverage prices greatly.
Higher deductibles lower rates
When comparing car insurance rates, the most common question is how high or low should comp and collision deductibles be. The following insurance rates outline the rate difference of buying low and high comp and collision deductibles. The first table uses a $100 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.
Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Focus S 4-Dr Sedan||$224||$466||$300||$18||$90||$1,123||$94|
|Focus SE 4-Dr Sedan||$224||$466||$300||$18||$90||$1,123||$94|
|Focus SEL 4-Dr Sedan||$224||$548||$300||$18||$90||$1,205||$100|
|Focus SES 4-Dr Sedan||$224||$548||$300||$18||$90||$1,205||$100|
|Focus SE 2-Dr Coupe||$258||$548||$338||$20||$102||$1,291||$108|
|Focus SES 2-Dr Coupe||$258||$548||$338||$20||$102||$1,291||$108|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Focus S 4-Dr Sedan||$124||$246||$300||$18||$90||$778||$65|
|Focus SE 4-Dr Sedan||$124||$246||$300||$18||$90||$778||$65|
|Focus SEL 4-Dr Sedan||$124||$290||$300||$18||$90||$822||$69|
|Focus SES 4-Dr Sedan||$124||$290||$300||$18||$90||$822||$69|
|Focus SE 2-Dr Coupe||$144||$290||$338||$20||$102||$894||$75|
|Focus SES 2-Dr Coupe||$144||$290||$338||$20||$102||$894||$75|
|Get a Quote for Your Vehicle Go|
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can influence premium rates greatly.
Based on the above data, using a $100 deductible would cost the average driver about $31 more each month or $372 every year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 29 months between claims, you would more than likely save some money if you opt for a higher deductible. The numbers below show a better example of how you can make this decision for your own policy.
|Average monthly premium for $100 deductibles:||$101|
|Average monthly premium for $1,000 deductibles (subtract):||- $70|
|Monthly savings from raising deductible:||$31|
|Difference between deductibles ($1,000 - $100):||$900|
|Divide difference by monthly savings:||$900 / $31|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||29 months|
An important sidenote is that a higher deductible level means you pay more out-of-pocket at claim time. That will require enough money put aside in the event you need to pay the deductible.
Liability-only rates compared to full coverage
The information below examines Honda Accord auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no accidents, no driving violations, $100 deductibles, single male driver, and no discounts are taken into consideration.
Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.
When to drop full coverage
There is no set rule for phasing out full coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the vehicle's replacement cost less your deductible, then you might consider buying liability only.
For example, let's assume your Honda Accord settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $3,000 after paying your policy deductible. If you are paying over $300 annually for your policy with full coverage, then it might be time to buy liability only.
There are some conditions where only buying liability is not in your best interest. If you haven't satisfied your loan, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
Should you raise deductibles?
The chart below shows how choosing a deductible and can raise or lower Ford Escape premium costs for different ages of insureds. The rates are based on a married female driver, full coverage, and no discounts are factored in.
Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.
Lower rate quotes by getting these nine discounts
Car insurance can cost a lot, but there may be some discounts to reduce the price significantly. A few discounts will automatically apply at the time you complete a quote, but lesser-known reductions have to be asked about before you will receive the discount.
- Active Military Service - Being on active duty in the military may lower your rates slightly.
- Queen Creek Homeowners Discount - Just owning your own home can earn you a little savings since home ownership is proof that your finances are in order.
- Accident Forgiveness - Not necessarily a discount, but a handful of insurance companies will let one accident slide without raising rates if you are claim-free prior to being involved in the accident.
- Savings for New Vehicles - Buying coverage on a new vehicle may earn a small discount because newer models have to meet stringent safety requirements.
- Onboard Data Collection - Drivers that enable data collection to look at driving patterns by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if their driving habits are good.
- Driver Training Discounts - Taking time to complete a course that instructs on driving safety could save 5% or more and make you a better driver.
- Discounts for Seat Belt Usage - Using a seat belt and requiring all passengers to buckle up may be able to save a few bucks off the PIP or medical payment premium.
- Pay Now and Pay Less - By making one initial payment rather than spreading payments over time you can actually save on your bill.
- Responsible Drivers - Safe drivers can save as much as half off their rates than drivers with accident claims.
Keep in mind that most discount credits are not given to the entire policy premium. Some only apply to individual premiums such as liability and collision coverage. So even though it sounds like you would end up receiving a 100% discount, it doesn't quite work that way.
Popular car insurance companies and the discounts they provide are included below.
- State Farm offers discounts including good student, multiple autos, accident-free, student away at school, Drive Safe & Save, and passive restraint.
- Farmers Insurance may have discounts that include teen driver, electronic funds transfer, switch companies, pay in full, business and professional, multi-car, and homeowner.
- Progressive offers discounts for multi-vehicle, good student, continuous coverage, online signing, online quote discount, multi-policy, and homeowner.
- GEICO includes discounts for driver training, membership and employees, multi-policy, multi-vehicle, anti-theft, and emergency military deployment.
- Auto-Owners Insurance has discounts for paid in full, paperless, safe vehicle, anti-theft, company car, and teen driver.
- The Hartford discounts include vehicle fuel type, bundle, anti-theft, good student, driver training, air bag, and defensive driver.
- Farm Bureau offers premium reductions for 55 and retired, renewal discount, driver training, youthful driver, multi-vehicle, and good student.
- USAA has savings for good student, multi-policy, defensive driver, family discount, military installation, and safe driver.
When getting a coverage quote, ask every insurance company which discounts you qualify for. Some credits might not apply in your area. To find insurance companies that can offer you the previously mentioned discounts in Queen Creek, follow this link.
Comparing prices from local Queen Creek insurance agents
A small number of people would rather buy from a local agent and that is not a bad decision Good agents can make sure you are properly covered and help submit paperwork. An additional benefit of getting online price quotes is you may find the best rates but also keep your business local.
To find an agent, once you fill out this quick form, your insurance data is instantly submitted to insurance agents in Queen Creek who can give free rate quotes for your insurance coverage. It's much easier because you don't need to contact any agents because quoted prices will be sent directly to you. If you have a need to get a comparison quote from a specific insurance company, you would need to visit that company's website and submit a quote form there.
Finding a good company is decision based upon more than just a cheap price quote. A good agent in Queen Creek will have answers to these questions.
- Do they receive special compensation for putting your coverage with one company over another?
- If your car is totalled, how to they determine the replacement cost?
- Are aftermarket or OEM parts used to repair vehicles?
- Which insurance companies are they affiliated with?
- What is the financial rating for the quoted company?
- Is there a Errors and Omissions policy in force?
- What company do they have the most business with?
- Are they able to influence company decisions when a claim is filed?
If you prefer to buy insurance from a local insurance agency, there are a couple of different types of agents that you can choose from. Agents in Queen Creek can be categorized as either exclusive or independent. Both properly insure your vehicles, but it's a good idea to understand the differences since it could factor into the selection process.
Exclusive Insurance Agencies
Exclusive agencies can only provide one company's prices such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot shop your coverage around so keep that in mind. Exclusive agents are well trained on sales techniques and that allows them to sell at a higher price point.
Independent Agencies or Brokers
Agents that choose to be independent are not employed by one company so they can quote policies with multiple insurance companies depending on which coverage is best. To move your coverage to a new company, they simply switch companies in-house and the insured can keep the same agent.
When comparing rates, we highly recommend that you get quotes from a few independent agents to get the most accurate price comparison.
Smaller companies may have the best rates
Arizona consumers get pounded daily by advertisements that claim the best rates from the likes of Progressive, Allstate and GEICO. They all convey the message that you can save if you change your policy.
It sounds good, but how can they all give you a lower rate on car insurance? Just pay attention to how they say it.
Companies have specific guidelines for the driver that earns them a profit. A good example of this type of risk profile might be married and over the age of 30, is a homeowner, and has a short commute. A propective insured who matches those parameters will get the preferred prices in Queen Creek and therefore will cut their rates substantially.
Insureds who don't qualify for the requirements may be forced to pay more expensive rates and this can result in the driver buying from a lower-cost company. If you listen closely, the ads state "drivers that switch" not "everyone who quotes" save the amount stated. That is how insurance companies can advertise the way they do. Because of this risk profiling, you should compare many company's auto insurance rates. Because without a comparison, you cannot know which company will have the best rates for your profile.
Auto insurance coverages explained
Learning about specific coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the usual coverages available from auto insurance companies.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your vehicle.
Because many people have only the minimum liability required by law (Arizona limits are 15/30/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
Liability insurance will cover damage or injury you incur to people or other property. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 15/30/10 which means $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and a total limit of $10,000 for damage to vehicles and property.
Liability insurance covers claims like court costs, pain and suffering, loss of income, repair costs for stationary objects and repair bills for other people's vehicles. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford. Arizona state minimum liability requirements are 15/30/10 but it's recommended drivers buy more coverage.
Auto collision coverage
Collision coverage will pay to fix damage to your vehicle caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as crashing into a building, backing into a parked car and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance provide coverage for bills for things like funeral costs, doctor visits, nursing services, ambulance fees and surgery. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like a tree branch falling on your vehicle, vandalism, fire damage and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle's value is low consider dropping full coverage.
Cheap car insurance premiums are possible
A few companies do not offer rates over the internet and most of the time these smaller providers prefer to sell through independent agents. Discount car insurance can be sourced on the web and from local agencies, so you need to compare both to get a complete price analysis.
We just covered some good ideas how you can save on car insurance in Queen Creek. The key thing to remember is the more quotes you get, the higher the chance of saving money. You may even find the most savings is with a lesser-known regional company. Some small companies may cover specific market segments cheaper than their larger competitors like State Farm, GEICO and Nationwide.
As you go through the steps to switch your coverage, you should never buy less coverage just to save a little money. There are many occasions where an insured cut liability limits or collision coverage only to find out that it was a big error on their part. The goal is to find the BEST coverage at the best possible price, but don't skip important coverages to save money.
More detailed car insurance information can be found by following these links:
- Keeping Children Safe in Crashes Video (iihs.org)
- What is the Cheapest Auto Insurance in Flagstaff, Arizona? (FAQ)
- Who Has Affordable Arizona Auto Insurance Rates for Veterans? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Ford Fusion in Arizona? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Coverage Information (Progressive Insurance)