Cheapest and Best Car Insurance in Peoria, AZ (July 2024)

In Peoria, Arizona, Root Insurance Company offers the cheapest full coverage, which differs from Mercury, the lowest for minimum coverage. For families with teen drivers, GEICO is most affordable.

For exceptional customer service, Auto-Owners excels, also clinching the title for best overall insurer, boasting value through a balance of price and service, although your ideal choice may vary based on desired coverage and preferences.

Mercury offers the cheapest car insurance in Peoria, making it a top choice for budget-conscious drivers.

• Mercury: $472 per year
• Auto-Owners: $506 per year

The General has the most expensive minimum coverage policy, at $1,783 annually. That’s $1,311 more per year compared to Mercury. This significant price difference underscores the importance of shopping around for the best car insurance rates.

State Minimum Liability Requirements

In Arizona, from Peoria to Prescott, state law mandates the minimum car insurance coverage required. Here's a quick rundown:

• $25,000 bodily injury per person
  
• $50,000 bodily injury per accident
  
• $15,000 property damage liability per accident
  

For example, you're insured for the minimum and you're at fault in a crash. Your policy will cover up to $25,000 for one person's injuries and up to $50,000 for all injuries in a single accident. But if someone's medical bills exceed $25,000, or if the total for everyone's injuries surpasses $50,000, you'll be digging into your pockets to make up the difference.

Root Insurance Company offers the cheapest full coverage car insurance in Peoria.

• Root Insurance Company: $787 per year
• GEICO: $1,037 per year

The most expensive full coverage policy in Peoria is with The General, at an annual premium of $3,366. The vast discrepancy—up to $2,579—between the cheapest and most expensive options underlines the importance of comparing rates.

Full coverage policies are typically more costly than minimum coverage because they provide more comprehensive protection, covering a broader range of incidents and damages.

Do You Need Full Coverage in Arizona?

A full coverage policy in Peoria includes coverage for damage to your own vehicle in the form of comprehensive and collision coverages. It usually also includes increased liability limits.

• Collision Insurance: This provides coverage for your vehicle in the event of a collision, whether with another vehicle or or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage insures your vehicle against various types of damage not caused by collisions, including theft, vandalism, fires, natural disasters and being struck by an animal like a deer.

If you have a new vehicle, it's wise to opt for full coverage insurance for more robust financial protection. If you're leasing or have a car loan, you are typically required to carry full coverage insurance.

On the other hand, owners of older vehicles may find that the extra cost — which can amount to several hundred dollars more per year — is not justified by the value of the vehicle. When deciding how much car insurance coverage you need, consider your ideal balance: more extensive coverage comes with higher premiums, but getting less coverage means you may pay more out of pocket if you need to file a claim.

The cheapest company for drivers with a poor driving record and a full coverage policy in Peoria varies based on the type of driving offense. The most affordable providers for each category are:

• Speeding ticket: Root Insurance Company ($989 per year)
• At-fault accident: Root Insurance Company ($989 per year)
• DUI: State Farm ($1,687 per year)

These results highlight that certain companies are more lenient towards specific infractions than others. Companies like Grange Insurance are on the higher end of the spectrum, costing $2,066 annually for a driver with a speeding ticket.

Driving offenses also affect insurance rates. The cheapest premium after a DUI with State Farm is $698 more per year compared with the same provider's rate for a driver with a speeding ticket.

In Peoria, as in many cities, insurance premiums increase with the severity of a driving offense, reflecting the heightened risk to insurers. For instance, drivers with a speeding ticket face an average annual rate of approximately $3,431, while those with a DUI encounter a steeper average cost of about $4,365.

Motorists with offenses are recommended to diligently compare insurance rates, ensuring they secure the most economical coverage for their situation.

Travelers offers the cheapest full coverage car insurance for male and female teens in Peoria. Here are the two most budget-friendly providers:

• Travelers: $1,709 per year for female teens and $2,040 per year for male teens
• Auto-Owners: $2,554 per year for female teens and $2,708 per year for male teens

Comparatively, the highest rates in Peoria for a family adding a teen driver are offered by Allstate, with an annual premium of $4,062 for girls and a significantly higher $5,633 for boys. This $3,924 difference for girls between the most and least expensive policies underlines the importance of comparing quotes, especially when insuring teen drivers, who are typically seen as more prone to risks on the road.

In Peoria, as well as in other cities across the USA, teenage drivers face high car insurance premiums. On average, an individual teen policy costs around $6,657 annually. But including a teen in a family plan significantly reduces this burden, averaging $3,257 a year. The difference in rates can be attributed to the perceived risk insurers associate with independent teenage drivers.

High accident rates among teens drive up individual premiums and make approval for personal policies challenging, often necessitating a joint family policy to ensure affordability and insurability. Young drivers and their families should understand these financial dynamics to make the most cost-effective decisions regarding car insurance.

Root Insurance Company is the cheapest option in Peoria if you’re seeking the cheapest car insurance for military backgrounds.

• Root Insurance Company: $787 per year
• GEICO: $1,037 per year

Although USAA ranks third with an annual premium of $1,084, it is noteworthy for its tailored services that cater specifically to the needs of active-duty military members. USAA's blend of competitive pricing and military-focused customer care make it a strong option for military families.

In Peoria, comparing car insurance rates is a key strategy for cost savings. However, the process is often cumbersome, potentially requiring over an hour to examine rates from three or more companies.

MoneyGeek's car insurance calculator can help you streamline this process. By inputting details like age, driving history, credit score and preferred coverage, you can instantly receive rate estimates.

Choosing the right car insurance in Peoria involves balancing your priorities, such as service quality, cost and coverage options. MoneyGeek has tailored scoring systems for each category to help identify the top providers. Peoria's best car insurance picks are:

• Best overall: Auto-Owners (MoneyGeek score 87 out of 100)
• Best for service: Auto-Owners (MoneyGeek score 86 out of 100)
• Best cheap: Auto-Owners (MoneyGeek score 92 out of 100)

Auto-Owners stands out in Peoria as the leading choice for comprehensive value, superior service and budget-friendly options.

Auto-Owners is the top choice for the best car insurance in Peoria, offering outstanding service and value to its customers.

• Auto-Owners: MoneyGeek score of 87 out of 100 ($1,053 per year)
• State Farm: MoneyGeek score of 80 out of 100 ($1,366 per year)

Auto-Owners earns its top position with high marks in customer satisfaction and affordability, making it an exceptional provider for a full coverage policy. Its mix of excellent service, reasonable pricing and thorough coverage options undergird its industry-leading MoneyGeek score.

Auto-Owners provides the best car insurance for customer service in Peoria. This ranking is purely based on on customer satisfaction, exceptional claims handling and comprehensive coverages offered, without considering the cost of premiums.

• Auto-Owners: MoneyGeek score of 86 out of 100 ($1,053 per year)
• Mercury: MoneyGeek score of 79 out of 100 ($1,529 per year)

Auto-Owners not only leads with a top MoneyGeek score but also offers a competitive annual premium rate. It has customer satisfaction and a robust claims process, reflecting the company's dedication to serving its policyholders’ needs effectively.

Auto-Owners is the best option in Peoria for drivers looking for top-notch yet affordable car insurance. This score is weighted heavily towards affordability, but it also factors in client satisfaction and claims handling.

• Auto-Owners: MoneyGeek score of 92 out of 100 ($506 per year)
• Mercury: MoneyGeek score of 87 out of 100 ($472 per year)

Auto-Owners stands out not only with its competitive annual premium but also shines in terms of excellent claims handling, where it scores a perfect 20 out of 20. The high MoneyGeek score reflects the company's well-rounded performance, especially considering that it’s for a minimum coverage policy. This demonstrates that customers do not have to compromise on service quality, even when paying less for their car insurance.

In Peoria, the average cost of car insurance sits at $1,554, a slightly more expensive option compared to the Arizona state average of $1,511. This state average is lower than the national average, which is priced at $1,781, signifying a difference of $270 less for Arizona.

Car insurance rates are impacted by a broad spectrum of factors, and while location isn't the sole determinant, it is important. The difference in rates across locations can often be attributed to the varying traffic patterns, accident rates and theft occurrences, which tend to increase in densely populated urban areas.

Tucson offers the cheapest premiums at $1,087, whereas Phoenix stands as the most expensive city at $1,360. This significant spread of $273 demonstrates how urbanization can influence insurance pricing, with non-city areas potentially offering even lower rates due to reduced traffic density.