Arizona boasts stunning natural landscapes, majestic mountains and plateaus, vibrant towns and vibrant Native American history. Additionally, it is home to several large corporations and esteemed universities. As a result, Arizona enjoys high economic growth rates and regional competitiveness.
Car Insurance Rates in Arizona
On average, car insurance rates in Arizona are relatively high compared to the national average. But you can save money on your policy by shopping around and comparing policies. Here are some tips for getting the most value for your money:
Consider Your Credit Score
Your credit score is one of the major factors affecting your auto insurance rate in Arizona. A poor score indicates you are more of a risk to an insurer and could result in higher premiums.
You can lower your rate when shopping for a lower rate by improving your credit score or taking steps to raise it. Doing this requires paying bills on time, reducing debt and avoiding new accounts that could negatively affect your score.
Additionally, having a good credit score may qualify you for various discounts on car insurance. These could include membership in a teen-safe driving program, belonging to an organization such as a non-profit or being part of the student or military community.
A Good Driving Record Can Lead to Lower Car Insurance Costs in Arizona
Most insurers classify drivers who have never been involved in an accident or received a citation as “good” drivers. These individuals tend to have no at-fault accidents and file fewer claims than those with more serious infractions or at-fault accidents. Therefore, finding cheaper Arizona auto insurance becomes easier; Geico and Auto-Owners offer some of the lowest rates for good records drivers.
Compare Coverage Options for Your Vehicle in Arizona
Different coverage types can affect your rate, so be sure to understand what each one covers. Liability insurance covers you if you cause an accident while comprehensive and collision cover the damages caused by accidents.
Comprehensive and collision policies offer additional coverage in case of an at-fault accident, but without them you’ll need to foot the bill for repairs and medical expenses out of pocket.
Uninsured/Underinsured Motorist (UM) Coverage is a type of insurance that pays for property damage and injuries caused by drivers without or with low limits on their auto policy. Although this coverage is optional, having it is highly recommended if you want to prevent having to pay out-of-pocket for damages and injuries sustained in an accident.
You should always carry at least $25,000 of bodily injury liability insurance per person and $50,000 for all people injured in a single accident. Furthermore, make sure your car has at least $15,000 of property damage liability coverage and uninsured/underinsured motorist protection.