Auto insurance in Peoria costs an average of $1,283 per year, less than the state average. At an average rate of $752 annually, GEICO is the cheapest widely-available insurer based on MoneyGeek's analysis, which looked at coverage amount and driving history. For drivers looking at quality and cost, MoneyGeek also ranked the best insurers in Peoria.
Compare the Cheapest Car Insurance Quotes in Peoria, AZ
The Cheapest and Best Car Insurance in Peoria
The Cheapest Car Insurance Companies in Peoria
Drivers in Peoria looking for the average cheapest full coverage policy can find it at the following companies:
- USAA: $710 annually (available for former and current military members only)
- GEICO: $752 annually
The cheapest car insurance company in Peoria is USAA. However, this provider only offers coverage for members of the military, veterans and their eligible family members. If you qualify for a policy, the average annual premium is $710. This is 211.7% less than Metlife, the most expensive option in Peoria.
GEICO is the next cheapest option with an average rate of $752 per year, which is 194.3% less than Metlife.
Prices gathered by MoneyGeek are based on a sample driver profile for a 40-year-old male looking for a full coverage policy along with liability insurance and comprehensive and collision insurance.
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Average Cost of Car Insurance in Peoria
The average car insurance rate in Peoria is $1,283 per year. This is 0.1% less than the state average annual premium and 9.9% less than the United States average.
The Best Car Insurance Companies in Peoria
For drivers who value quality service on top of cost, MoneyGeek has ranked the best insurers in the city. The best insurers in Peoria for most drivers are:
- GEICO: MoneyGeek score of 90 out of 100
- State Farm: MoneyGeek score of 85 out of 100
USAA received the highest score in Peoria by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
These scores were based on J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Peoria
Car insurance companies in Peoria evaluate various factors when calculating their average annual premiums. These can include the driver’s age, location, driving history and gender.
For instance, a 40-year-old driver who qualifies for a policy from USAA pays an average of $710 per year. The same driver could pay $752 annually at GEICO. These rates may change over time.
As your circumstances change, so do your car insurance rates. To get the best price, it is important to regularly compare car insurance quotes from various providers.
Shopping around for car insurance in Peoria could save you $531, which is enough to buy:
Cheapest Car Insurance in Peoria by Coverage Amount
The amount of coverage purchased is a significant factor that can affect the price of insurance, whether it’s in Peoria or elsewhere. For instance, a policy that meets the Arizona state minimum costs $657 on average, while a full coverage policy costs $1,283 on average. This is a difference of $626.
Arizona Minimum Liability Requirements
- Bodily Injury and Property Damage$15,000 per person, $30,000 per accident and $10,000 for property damage. A more protective level is 100/300/100.
If you want to get the right coverage for your needs, it’s important to understand the differences in coverage types. When you cause an accident, liability insurance will only pay for the costs of the other driver. Opting for full coverage means you'll pay a higher rate because it will cover your expenses and the other driver's when you cause an accident.
USAA offers the cheapest car insurance in Peoria for liability-only and full-coverage packages with 50/100/50 limits. These limits mean coverage is provided for up to $50,000 in medical bills per person, for a maximum of $100,000 total per accident and $50,000 in property damage repair costs.
USAA’s full-coverage plan costs an average of $238 more each year than its liability-only policy. For drivers who don’t qualify for USAA, GEICO’s full-coverage plan only costs $143 more per year than its liability-only policy.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Peoria if You Have Driving Violations
One way to keep your car insurance rates low is by maintaining a clean driving record. Violations like speeding tickets, DUIs and at-fault accidents may increase your insurance rates.
A driver in Peoria with no history of traffic violations pays an average annual premium of $752 for a policy with GEICO. The same driver could pay $139 more if they have a speeding ticket and $338 more for having an at-fault accident on their record. Driving under the influence may cause their rates to increase by $766 per year.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Car insurance companies will look at your ZIP code when determining your rates. This is because accident, theft and uninsured motorist statistics can differ between neighborhoods. The higher these statistics are in your community, the more you could pay for insurance.
In Peoria, Arizona, drivers who live in the 85382 ZIP code might pay $56 less than policyholders in the 85345 neighborhood.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Peoria
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Peoria. How Peoria ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Peoria are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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