Establishing which company has the most affordable car insurance rates for homeowners requires more work in order to find the best policy. Each insurance company has their own process for determining prices, so let’s take a look at the car insurance companies that tend to be cheaper in Arizona.
It’s important to know that Arizona car insurance rates are impacted by many things which can substantially decrease or increase the cost of your policy. Getting older, having a teen driver, or getting a ticket for running a stop sign can trigger price changes that can cause some rates to be more affordable than before.
Find the Cheapest Auto Insurance for Homeowners
The Hartford has some of the cheapest car insurance rates in Phoenix at around $820 per year. This is $608 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers also are some of the best Phoenix, AZ insurance companies.
As illustrated above, if you buy coverage from USAA and switched to Auto-Owners, you could see annual savings of approximately $194. Policyholders with Travelers might save as much as $211 a year, and Progressive insureds might see rate reductions of $233 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or visit several of the following companies.
Bear in mind that those policy prices are averaged for all drivers and vehicles in Arizona and are not factoring in an exact vehicle garaging location for homeowners. So the auto insurance company that can offer you the best price may not even be in the top 28 companies in the list above. That is why you need to get car insurance quotes using your own driver and vehicle profiles.
The type of vehicle needing coverage is one of the largest factors when trying to find cheap auto insurance for homeowners. Vehicles with higher performance characteristics, a lack of modern safety features, or a history of substantial liability claims will cost more to insure than safer, lower-performance models.
The table below presents auto insurance premiums for a selection of the cheapest automobiles to insure in Arizona.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,520 |
| Honda Accord EX 4-Dr Sedan | $1,530 |
| Honda Odyssey EX W/Rear Entertainment | $1,767 |
| Toyota RAV4 Limited 4WD | $1,800 |
| Chevrolet Silverado LS Regular Cab 2WD | $1,803 |
| Ford Explorer Limited AWD | $1,834 |
| Ford Escape XLS 2WD | $1,865 |
| Toyota Camry SE | $1,893 |
| Ford Edge Sport AWD | $1,901 |
| GMC Sierra SLT Extended Cab 2WD | $1,926 |
| Ford Fusion SE 4-Dr Sedan | $1,933 |
| Dodge Grand Caravan SE | $1,954 |
| GMC Sierra 3500HD SLE Extended Cab 2WD | $1,963 |
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium amounts do not factor in zip code location which can raise or lower premiums considerably.
Looking at the numbers, vehicles like the Honda CR-V, Honda Accord, Honda Odyssey, Toyota RAV4, and Chevrolet Silverado are most likely to be some of the less-costly vehicles to insure for people who own their homes.
One of the many things that are looked at to help calculate car insurance rates is where you keep your vehicle. Areas with more people or even just a higher incidence of claims tend to have more expensive auto insurance rates, whereas areas with less congestion profit from lower rates.
The information below shows the highest-priced places in Arizona for homeowners to purchase a policy in. Phoenix is ranked at #1 with an annual cost of $1,268 for coverage, which is about $106 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Phoenix | $1,268 |
| 2 | Glendale | $1,226 |
| 3 | Avondale | $1,222 |
| 4 | San Tan Valley | $1,161 |
| 5 | Mesa | $1,159 |
| 6 | Buckeye | $1,156 |
| 7 | Gilbert | $1,154 |
| 8 | Tempe | $1,152 |
| 9 | Goodyear | $1,131 |
| 10 | Chandler | $1,126 |
| 11 | Scottsdale | $1,117 |
| 12 | Peoria | $1,104 |
| 13 | Maricopa | $1,085 |
| 14 | Tucson | $1,072 |
| 15 | Casa Grande | $1,057 |
| 16 | Casas Adobes | $1,050 |
| 17 | Surprise | $1,048 |
| 18 | Catalina Foothills | $1,040 |
| 19 | Oro Valley | $1,031 |
| 20 | Yuma | $983 |
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Prices are approximated as the specific Phoenix residence address can decrease or increase prices substantially.
Irresponsible driving raises your rates
The best way to obtain cheap car insurance premiums in Phoenix for people who own their homes is to be a careful driver and maintain a clean driving record. The example below illustrates how violations and at-fault claims drive up insurance premiums for each age group. The premiums are based on a married female driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of car insurance in Arizona per year with no accidents and a clean driving record is $1,770. Get written up for two speeding tickets and the average cost increases to $2,526, an increase of $756 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of car insurance for homeowners jumps again to an average of $5,231. That’s an increase of $3,462, or $288 per month, just for a couple of infractions!
How to get discounts on Phoenix insurance rates
Insurers that provide coverage for homeowners may also give you policy discounts that can reduce rates by as much as 35% or more if you meet the requirements. Popular car insurance companies and a summarized list of policyholder discounts are outlined below.
- Farmers Insurance has savings for distant student, alternative fuel, homeowner, teen driver, good student, and mature driver.
- State Farm offers discounts for driver’s education, student away at school, Steer Clear safe driver discount, good student, and good driver.
- Liberty Mutual may include discounts for exclusive group savings, multi-policy, newly married, hybrid vehicle, and good student.
- MetLife may offer discounts for claim-free, multi-policy, good student, accident-free, good driver, and defensive driver.
- Progressive discounts include continuous coverage, online signing, multi-policy, multi-vehicle, good student, homeowner, and online quote discount.
The information below illustrates the comparison of insurance premiums with and without discounts being applied to the rates. The prices are based on a female driver, no claims or violations, Arizona state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with passive restraint, claim-free, multiple policy, accident-free, marriage, and homeowner discounts applied. With discounts applied, the average amount saved each year on car insurance for homeowners is 28% or $455.
Your low-price policy may be costing you money
Arizona car insurance rates are impacted by many things which can significantly increase or decrease the policy price. Improving your credit rating, getting married, or having an at-fault accident can trigger changes in premium that can cause some rates to be cheaper than competitors.
In addition to those changes, insurance companies change prices as often as every three months to adjust for heavy claims or excess profits. Heavy losses can result in higher prices, while lower claim expenses can produce cheaper Phoenix car insurance rates.
For example, the data below analyzes the cheapest car insurance in Phoenix, AZ for a 40-year-old female driver with a clear driving record, no claims, and great credit. When comparing rates based on her current situation, The Hartford might quote the cheapest car insurance rates in Phoenix at $1,148 annually. This is $280 less than the average policy premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Progressive also make the list of the most affordable Phoenix, AZ auto insurance companies.
In this next rate comparison, we will give the driver in the first example a chargeable claim, poor credit, and a couple of points charged on her driving record. Since every car insurance company has their own guidelines to set premium rates, comparing rates may now present a different ranking of the cheapest car insurance companies in Phoenix as shown below.
GEICO now has the best car insurance rate in Phoenix, AZ with Allied, Ameriprise Group, CSAA, and Safeco also having competitive pricing. This example shows why it is critical to compare many different companies to get the most affordable car insurance quotes for homeowners.
Prices are impacted by many risk factors and change substantially, so the cheapest company the last time you checked may now not even be in the top five.