The average car insurance rate in Phoenix is $1,430 annually, which is more expensive than the state average. The cheapest widely-available insurer in the city is GEICO with an average annual rate of $857. MoneyGeek evaluated the cheapest options by coverage amount and driver profile. MoneyGeek also recommended the best companies for drivers who want affordability and quality service.
Compare the Cheapest Car Insurance Quotes in Phoenix, AZ
The Cheapest and Best Car Insurance in Phoenix
The Cheapest Car Insurance Companies in Phoenix
Based on MoneyGeek’s study, the cheapest car insurance rates in Phoenix for a full coverage policy are from:
- USAA: $845 per year (only available to current and former military members)
- GEICO: $857 per year
For many drivers, the best car insurance company is the least expensive for their needs. The most affordable car insurance company in Phoenix, Arizona, is USAA, with an average annual premium of $845. However, USAA solely serves members or veterans of the U.S. military and their families. Therefore, the cheapest widely available auto coverage in Phoenix is from GEICO, at $857 per year.
MoneyGeek collected average prices for a 40-year-old male driver with a full coverage policy, which includes liability insurance and comprehensive and collision insurance.
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Average Cost of Car Insurance in Phoenix
The annual average car insurance rate in Phoenix is $1,430. This is 11.4% higher than the average rate in the state of Arizona, with Glendale next at $1,412, and Chandler and Gilbert the lowest at $1,195. In comparison to the average national car insurance cost, Arizona is 0.4% higher.
The Best Car Insurance Companies in Phoenix
MoneyGeek ranked the top insurance options for Phoenix drivers looking for a balance of affordability and quality service. The best auto insurance companies in Phoenix 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 Phoenix 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.
The final scores are based on MoneyGeek’s rating system that includes J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Phoenix
Car insurance companies offer personalized quotes that allow drivers to get custom rates based on their needs. Auto insurance quotes in Phoenix, much like in other cities, rely on factors such as the type of car, the driver’s age and experience, gender, credit score, ZIP code and driving history.
Every car insurance company has its own formula when computing its quotes, so it is best to inquire and compare the prices of different companies. At the same time, drivers should regularly request personalized quotes as they may qualify for discounts, rebates or other savings.
The driver’s age is a major factor in how car insurance companies determine their rates in Phoenix. A younger driver will pay a higher premium because they are less experienced, and therefore, are considered a financial risk as they can lead to higher insurance claims. Young drivers also have a high tendency for distracted driving, reckless and dangerous behavior behind the wheel.
Another component of a quote is the driver’s credit score. Insurers assess a driver’s credit score with the assumption that good credit scores result in fewer insurance claims. A driver with a bad credit rating can pay up to $1,428.36 more than another driver with an exceptional credit score.
Shopping around for car insurance in Phoenix could save you $572, which is enough to buy:
Cheapest Car Insurance in Phoenix by Coverage Amount
The cost of car insurance in Phoenix and elsewhere depends on various factors, including the coverage level. For a state minimum policy in Phoenix, drivers pay an average of $713 per year. A full coverage policy with higher liability limits costs $1,430 on average, which is $717 more expensive.
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.
GEICO offers the cheapest state minimum liability-only coverage with an average premium of $400. They also have the most affordable 50/100/50 full-coverage option, costing an average of $724 per year. This policy will cover $50,000 in medical bills per person, with a maximum per vehicle of $100,000, along with $50,000 in property damage.
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 Phoenix if You Have Driving Violations
No matter the driver’s age or situation when they had a violation or car accident, these incidents will affect the rate of their car insurance policy. Someone who has a speeding ticket on their record will pay an additional $164 with GEICO compared to a driver with a clean record.
For a driver with no violations, GEICO is the cheapest option, with an average premium of $857. However, with a DUI conviction on your record, that price could jump all the way to $1,741.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
One of the major factors insurance companies use when determining your rates is your ZIP code. Insurers will often quote higher prices for a driver who lives in a densely populated neighborhood or an area with a high number of claims.
In Phoenix, drivers in the 85032 ZIP code will pay an average annual premium of $1,276, which is nearly $300 cheaper than drivers in the 85009 area.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Phoenix
Factors That Impact Insurance Costs in Phoenix
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 Phoenix. How Phoenix 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 Phoenix 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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