Writing this article would sure be easy if we could just tell you the single best car insurance company that is cheapest in Arizona. It’s not that easy, however, as there are a whole slew of unknown aspects such as your gender, what level of deductibles you wish to have, and if you are a homeowner, that all have an effect on the price. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to avoid high prices and hopefully give you enough understanding to have a jump start in finding the best auto insurance.
One of the more important things that aid in calculating the amount you pay each year for auto insurance is where your car is garaged. Areas with high crime rates or more dense population are more likely to have higher rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.
The table below sorts the priciest cities in Arizona for a company car in which to buy car insurance. Chandler is ranked #15 costing $1,082 on average, which is about $90 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Phoenix | $1,268 |
| 2 | Avondale | $1,222 |
| 3 | Glendale | $1,214 |
| 4 | Buckeye | $1,156 |
| 5 | Tempe | $1,152 |
| 6 | San Tan Valley | $1,150 |
| 7 | Mesa | $1,147 |
| 8 | Gilbert | $1,142 |
| 9 | Peoria | $1,137 |
| 10 | Scottsdale | $1,117 |
| 11 | Maricopa | $1,107 |
| 12 | Surprise | $1,090 |
| 13 | Casa Grande | $1,089 |
| 14 | Goodyear | $1,087 |
| 15 | Chandler | $1,082 |
| 16 | Casas Adobes | $1,072 |
| 17 | Tucson | $1,061 |
| 18 | Oro Valley | $1,051 |
| 19 | Catalina Foothills | $1,050 |
| 20 | Yuma | $992 |
| Compare Rates Now Go | ||
Premium costs are comparative as the specific geographic location can alter insurance rates significantly.
Finding out which insurers offer the best insurance rates for a company car requires a bit more effort than just picking a company at random. Each insurer used slightly different criteria for determining rates, so let’s look at the rankings for the most affordable insurance companies in Chandler.
It’s a good idea to be aware that Chandler, AZ insurance rates are determined by lots of factors that may substantially change the cost of coverage. Improving your credit rating, adding a teenager to your policy, or having a fender bender can trigger price changes that can make some companies much cheaper than others.
Compare Cheap Insurance Quotes in Arizona
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Safeco | $896 |
| 3 | Auto-Owners | $924 |
| 4 | USAA | $1,091 |
| 5 | Travelers | $1,119 |
| 6 | GEICO | $1,131 |
| 7 | Progressive | $1,164 |
| 8 | Ameriprise Group | $1,172 |
| 9 | CSAA | $1,189 |
| 10 | Allied | $1,209 |
| 11 | Farm Bureau Mutual | $1,285 |
| 12 | Safe Auto | $1,297 |
| 13 | Unitrin | $1,303 |
| 14 | Farmers | $1,337 |
| 15 | State Farm | $1,377 |
| 16 | Amica | $1,429 |
| 17 | Titan | $1,476 |
| 18 | American Family | $1,478 |
| 19 | MetLife | $1,521 |
| 20 | California Casualty | $1,552 |
| Find Your Rate Go | ||
The Hartford has some of the most affordable car insurance rates in Chandler at around $820 annually. This is $608 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers also make the cut as some of the lowest-priced Chandler, AZ car insurance companies.
As the example above demonstrates, if you are currently insured with USAA and switched to Safeco, you may realize an annual savings of approximately $195. Policyholders with Travelers might save as much as $223 a year, and GEICO insureds might lower prices by $235 a year.
To compare your rates to other Arizona insurance companies, click here to begin a quote or visit any of the companies below.
Remember that these premiums are averages for all types of drivers and the different vehicles they drive and do not factor in a vehicle location for a company car. So the company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
Violations and accidents raise rates
The best way to enjoy low insurance rates for your employer’s vehicle is to pay attention while driving and avoid accidents and keep your driving record clean. The diagram below shows how traffic citations and at-fault fender-benders can raise annual premium costs for different age groups of insureds. The price estimates are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied.
In the prior example, the average cost of auto insurance per year with a clean driving record and no accidents is $1,492. Get written up for one speeding ticket and the average cost hikes up to $1,710, an increase of $218 each year. Then include one accident along with the one speeding ticket and the annual cost of insurance for a company car jumps again to an average of $2,328. That’s an increase of $836, or $70 per month, just for not paying attention while driving!
Rate difference between full and liability-only coverage
Reducing the cost of insurance should be important to the majority of vehicle owners, and one of the quickest ways to lower the cost of insurance for a company car is to only buy liability coverage. The diagram below shows the difference between car insurance rates with full coverage and liability only. The price estimates are based on no claims or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.
On average, physical damage insurance costs an extra $1,551 per year over having just liability coverage. Many of you may wonder if physical damage coverage is worth the money. There is no definitive rule to delete physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
The diagram below demonstrates how choosing different deductibles can change yearly insurance costs when searching for cheap insurance for a company car. Data assumes a married female driver, full coverage, and no discounts are applied.
A 50-year-old driver could cut expenses by $246 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $370 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old example, could reduce their rates as much as $606 annually by choosing a higher deductible.
When raising deductibles, it will now be necessary to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
You may be paying too much for car insurance
Chandler insurance rates are influenced by many factors which can substantially change the cost of a policy. Improving your credit rating, having a teenage driver, or having a fender bender can trigger price changes resulting in some rates now being more affordable than competitors.
Additionally, auto insurance companies file new rates without warning in order to offset underwriting gains or losses. Larger than normal claims can cause rate hikes, while lower claim expenses can produce lower-cost Chandler car insurance rates.
To illustrate this example, the bar chart below shows the company with the cheapest car insurance in Chandler, AZ for a 45-year-old female driver with no prior accidents, a clean driving record, and a high credit rating. If we look at prices based on her current rating profile, The Hartford may offer the most affordable car insurance rates in Chandler at $1,083 annually. This is $345 less than the average policy premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers are the remaining most affordable Chandler, AZ auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example a claim, bad credit, and a traffic citation. Because each company has a unique formula to determining premium rates, comparing prices may now show a different ranking of cheap Chandler auto insurance companies as shown below.
GEICO now has the lowest price in Chandler with Ameriprise Group, CSAA, Allied, and Safeco now being in the top five. This example demonstrates why it is crucial to shop around when trying to find the most affordable car insurance rates for a company car.
Prices can be altered by many things and can decrease or increase without notice, so the best price six months ago may now not even be in the top five.