Who Has the Cheapest Car Insurance Rates in Chandler?
Chandler, Arizona is a southern suburb bordering on Phoenix. With a population of 261,100+, it’s one of the larger cities in the area. A major local expressway bisects the town and interstate 10 on a portion of its western edge. Commuters spend an average of 24.1 minutes in their vehicles when traveling to work, slightly below the national overage of 26.6 minutes. And the median household income in Chandler is $80,716.
Many things affect insurance costs in AZ. You have to have the minimum coverage, but an insurer may charge varying amounts for that coverage depending on where you are, how long it takes you to drive to work, how much you drive in general, your gender or age, or even the theft rate in your area. These and other factors are taken into account because they indicate levels of risk for the insurer.
According to Neighborhood Scout, Chandler’s vehicle theft rate is 123 per 100,000 vehicles, which is lower than the national average. With its lower vehicle theft rates, Chandler has an average annual auto insurance premium of $1,542, which is just over $300 less than the average $1,852 annual rate in Phoenix and also less than the $1,670 rate for Arizona as a whole.
What is Required for Chandler Drivers?
All Arizona drivers must have a minimum of $25,000 body injury liability for one person and $50,000 for two or more persons, plus $15,000 property damage liability. If your insurance company cancels your policy, the Arizona Department of Transportation (ADOT) will send you a notice telling you that you must get new insurance.
However, despite the existence of a minimum, it might be a good idea to consider getting more than the minimum coverage for your vehicle. If you’re involved in a serious crash, the amount of your liability coverage may not cover all of the damages. In this case, your personal assets would be at stake, but higher liability coverage will protect you. You may also want to think about carrying MedPay or personal injury protection (PIP) to cover your expenses if you are involved in an accident and the at-fault driver doesn’t have enough insurance to cover your losses.
Most Expensive and Least Expensive Insurance Rates by Zip Code
Cheap Car Insurance in Chandler by Insurer
When looking for cheap car insurance in Arizona, you shouldn’t necessarily go with the lowest rates. Make sure to look at the company’s customer reviews and their service ratings along with what the policy offers you before committing. The companies that offer some of the least expensive policies in Arizona as a whole are GEICO General, GEICO Casualty, Progressive Advance Insurance, NICO PPNM, Farmers Insurance Co. of Arizona, Allstate Fire and Casualty and State Farm Mutual Auto Insurance.
Low Cost Auto Insurance for Bad Credit in Chandler
Insurance companies in Arizona are notorious for increasing rates on vehicle insurance policies for consumers with bad credit. According to AZ Central, Arizona is the 11th worst state in the nation when it comes to high rates for people with bad credit. Drivers with questionable credit can pay twice as much as those who have exceptional credit, which could amount to as much as $1,500 more per year. The difference is greatest in the Phoenix metro area where Chandler is located.
Differences Between the Two Main Coverages
What is Liability-Only?
Liability-only coverage is the cheapest option for automobile insurance. This coverage level only covers vehicles that are not at fault in an accident. Thus, if you carry liability-only coverage and cause an accident, the other driver will be covered by your policy. Any damage done to your car must be covered out of pocket, if at all.
Another way to think of liability insurance is that it protects you from claims made by another driver. Without the protection of insurance, you might be sued if you were to collide with another vehicle.
Full Coverage Auto Insurance
Full Coverage is a commonly used term which covers more than just the damage you might cause in an accident, or the coverage you are liable for. If your policy covers your liability to another vehicle, the damage done to your vehicle (collision insurance), and any incidental damage done to your car by any non-auto elements (comprehensive coverage), then you have a policy that is indeed full coverage. If you have a new car, you may wish to cover it with such a policy, as you might want the peace of mind that any damage will be covered by insurance.
What are the Major Differences Between Full Coverage and Liability?
The main difference between liability and full coverage insurance is that full coverage will cost more than liability insurance and this is because it protects you against many more possible risks that liability doesn’t cover.
In addition, liability insurance only covers other people’s injury claims and damages to other vehicles where full coverage will cover other’s injuries and vehicle damages as well as your injuries and damage to your own vehicle.
Average Annual Car Insurance Rates in Arizona by City
Ways to Obtain a Lower Cost Auto Insurance Policy
Find additional ways to save on your Chandler car insurance premiums with these insurance discounts:
Of course, the best way to keep your auto insurance rates down is to drive safely and avoid accidents. The better your driving record, the lower your rates. However, there are also other ways to lower your rates.
Shop Around for the Best Price
Prices can vary significantly between insurance agencies so you will need to get a quote from each one. To prevent having to go to each site and put all your information in dozens of times, there are some sites where you can compare the rates of several agencies at once that you should take advantage of.
Bundle with other insurance plans
Most insurance agencies offer you a chance to bundle and get many of your insurance needs from one place; such as renters’ insurance, homeowners’ insurance, auto insurance, and more. You can also save when insuring more than one vehicle.
Reduce the Number of Miles you drive
Reducing the number of miles you drive will reduce your risk for accidents and therefore, your insurance rates. Besides that, it could do your body and your health good to walk sometimes.
Check the Insurance Costs for a Car Before Buying it
Before you buy a car, it is important that you check insurance costs first, as some car types can raise your insurance rates much more than others. Some of the things your premiums may be based on include the cars overall safety record, costs of parts and repairs, the price of the car, and theft likelihood.
Increase your Deductibles
The higher the price of the deductibles the less your rates will be. For example, if you were to increase your deductible from $200 to $500 it would reduce your comprehensive coverage and collision rates by 15-30%.
Watch your Credit Score
Did you know that many people check their credit report only to find several mistakes that can be fixed? Check your credit report often, because the higher your credit score the lower your insurance rates will be.
Here are Some of the Typical Factors that Affect Your Chandler AZ Car Insurance Premiums
Because of the traffic issues in the area, “State” car insurance rates can be quite high based on the area you live in. The risk factors are higher where there is more traffic, so the area is one important factor in your auto insurance rates. As we have seen, other factors that affect your car insurance rate include your age, marital status, how many cars and drivers you have in your household, your driving record, what type of coverage you need, the age and type of your vehicle, the insurance agency, and the average mileage you drive each year. These factors can make huge differences in how much money you have to spend each year on automobile insurance.
Since insurance rates can fluctuate from company to company, it is imperative that drivers thoroughly educate themselves about automobile insurance and shop around in order to find the very best deal. You literally can save a thousand or more dollars per year by getting quotes from several carriers.
Check Out Car Insurance Companies in Chandler and Reviews
Helpful Chandler, Arizona Vehicle Resources:
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