The words “low-priced” and “insurance” really should not be used together, in particular when you are shopping around for the lowest insurance rates for low credit scores. Let’s introduce you to some of the factors the can have a considerable influence on auto insurance rates, and find out if we can help you shave a little off your next policy.
Deciphering which insurers offer the cheapest insurance rates for low credit scores requires a bit more work in order to find the best price. Every auto insurer has their own formula to set their prices, so let’s look at the rankings for the most budget-friendly insurance companies in Chandler, AZ.
It’s important that readers know that Arizona insurance rates are influenced by many factors that will increase or decrease the policy premium. Simply improving your credit, having a teen driver, or getting a ticket for running a stop sign can trigger rate changes that can make some companies cheaper than competitors.
Find the Cheapest Car Insurance in Arizona
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $845 |
| 2 | Auto-Owners | $915 |
| 3 | Safeco | $923 |
| 4 | USAA | $1,091 |
| 5 | Travelers | $1,119 |
| 6 | GEICO | $1,131 |
| 7 | Progressive | $1,152 |
| 8 | CSAA | $1,213 |
| 9 | Ameriprise Group | $1,220 |
| 10 | Allied | $1,245 |
| 11 | Safe Auto | $1,284 |
| 12 | Farm Bureau Mutual | $1,297 |
| 13 | Unitrin | $1,343 |
| 14 | State Farm | $1,364 |
| 15 | Farmers | $1,378 |
| 16 | Titan | $1,476 |
| 17 | American Family | $1,478 |
| 18 | Amica | $1,487 |
| 19 | MetLife | $1,505 |
| 20 | California Casualty | $1,522 |
| Find Cheaper Rates Go | ||
The Hartford has some of the most affordable car insurance rates in Chandler at around $845 annually. Auto-Owners, Safeco, USAA, and Travelers are also some of the cheapest Chandler, AZ car insurance companies.
In this example, if you are a customer of Travelers and switched to Auto-Owners, you could see savings of approximately $204. Insureds with GEICO may save as much as $216 a year, and Progressive policyholders might lower prices by $237 a year.
Be aware that those rates are averaged across all insureds and vehicles and are not factoring in an exact location for low credit scores. So the auto insurance company that can offer you the lowest price may not even be in the top 28 companies shown above. That points out the importance of why you need to get quotes using your own specific driver information and vehicle.
The vehicle model needing coverage is probably the most important factor when consumers are trying to find the lowest-priced auto insurance for low credit scores. Vehicles with economical engines, good safety features, or a track record of few liability claims will cost much less to insure than higher performance models. The data below ranks insurance prices for a selection of the cheaper automobiles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $1,470 |
| Ford Edge SEL 2WD | $1,525 |
| Chevrolet Equinox LT AWD | $1,556 |
| Ford Escape Limited 4WD | $1,563 |
| Honda Accord EX-L 4-Dr Sedan | $1,573 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,602 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,610 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,641 |
| Toyota Prius | $1,643 |
| GMC Sierra SLT Extended Cab 4WD | $1,669 |
| Jeep Grand Cherokee SRT-8 4WD | $1,677 |
| Kia Optima LX | $1,669 |
| Volkswagen Jetta 2.0T Station Wagon | $1,693 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,700 |
| Dodge Grand Caravan Hero | $1,710 |
| Compare Cheap Rates Go | |
Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can raise or lower premiums noticeably.
Looking at the rates, vehicles like the Honda CR-V, Ford Edge, Chevrolet Equinox, Ford Escape, and Honda Accord are the most affordable vehicles to insure for bad credit.
Poor driving habits will raise your insurance rates
The recommended way to find low insurance rates in Arizona for bad credit is to be a good driver and maintain a clean driving record. The chart below shows how traffic citations and fender-benders can affect auto insurance rates for each different age category. The rate quotes are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,722. Add in one speeding ticket and the average cost rises to $1,939, an increase of $217 each year. Then include two accidents along with the one speeding ticket and the 12-month cost of insurance for low credit scores goes up to an average of $3,757. That’s an increase of $2,035, or $170 per month, just for not being attentive to the road!
Full coverage versus liability only rates
Saving on insurance is the goal of the majority of vehicle owners, and one common way to lower the cost of insurance for low credit scores is to buy only liability coverage. The information below illustrates the difference between annual premium costs when comparing full coverage to liability only. Data assumes no violations or accidents, $500 deductibles, single marital status, and no discounts are applied to the premium.
If averaged out across all ages, physical damage insurance costs $1,417 per year more than just insuring for liability. That is a large expense which might make you wonder if you should buy full coverage. There is no specific rule of when to stop paying for full coverage, but there is a broad guideline. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
There are some cases where eliminating full coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.
The agents below can help you make a decision which auto insurance coverages would be the best in your situation, as some people prefer to have a professional recommendation when comparing insurance rates for low credit scores. It’s not always simple to do it yourself, and a professional agent can provide you comfort knowing you have enough protection.
To find an agent close to you, click the button link following the list.
Allstate Insurance: Jim Kaup
565 W Chandler Blvd Ste 218 – Chandler, AZ 85225 – (480) 821-2763
Farmers Insurance – Peter Fenton
287 E Frye Rd #3 – Chandler, AZ 85225 – (480) 351-0629
Allstate Insurance: Thomas Lane
1835 W Chandler Blvd Ste 201 – Chandler, AZ 85224 – (480) 857-1384
View more Chandler, AZ insurance agencies
How to find low-cost car insurance for low credit scores
Below you’ll find some of the better thrifty solutions that can help Arizona drivers find lower-cost coverage.
- Prevent rate increases by staying accident-free
- Good credit can help you save money
- Earn a discount by not filing claims
- Violations and traffic tickets increase rates
- Buy a car with high safety ratings
- Shop around for lower rates once a year
The last tip in the list is notably crucial, as we noted in the prior information. Auto insurance rates can be modified anytime, so don’t be tentative to buy a different policy if you find a better deal.
Brand loyalty is great, but it’s not recommended if that dedication is costing a small fortune. It only take a few minutes to shop around to find cheaper auto insurance for low credit scores in Chandler.