Comparing quotes for reasonably-priced car insurance is easier said than done, and deciding which insurers offer the most affordable auto insurance rates for a learners permit takes even more shopping around. Each auto insurance company has a different formula to set premium rates, so we’ll go over the auto insurance companies that tend to be cheaper in Mesa.
It’s important to know that Arizona auto insurance rates are based on many factors that may substantially change the cost of coverage. This price variation is why consumers need to do a thorough rate comparison to get affordable insurance quotes for a learners permit. Insurance prices can be altered by many factors and can increase or decrease at any time, so the cheapest company two years ago may now be one of the more expensive options.
Lowest Insurance Price Quotes in Arizona
The Hartford may offer some of the lowest car insurance rates in Mesa at around $820 per year. Auto-Owners, Safeco, Travelers, and USAA also make the cut as some of the lowest-priced Mesa, AZ car insurance companies.
As shown in the table above, if you are a policyholder with Travelers and switched to The Hartford, you could see a yearly price reduction of in the vicinity of $255. Insureds with USAA might save as much as $271 a year, and Progressive policyholders might cut rates by $310 a year.
Be aware that those premiums are averages for all types of drivers and the different vehicles they drive and do not take into consideration a specific location for a learners permit. So the car insurance company that has the cheapest price for you may not even be in the top 28 companies shown above. That emphasizes why you need to quote rates from many companies using your own driver data and vehicle information.
For new drivers, one of the largest factors that determine the annual cost of car insurance is where you keep your vehicle. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from lower coverage costs.
The illustration below rates the highest-priced places in Arizona for a learners permit to buy an auto insurance policy in. Mesa is ranked at #6 with the annual price of $1,159 on average, which is approximately $97 each month.
|Rank||City||Premium Per Year|
|5||San Tan Valley||$1,161|
|25||Lake Havasu City||$852|
|Get a Custom Quote Go|
Price information shown is estimated as the specific Mesa residence address can raise or lower insurance rates considerably.
The illustration below highlights how deductible choice can raise or lower insurance costs when quoting cheap insurance for a learners permit. The premiums assume a married male driver, full physical damage coverage, and no policy discounts are applied.
A 30-year-old driver could save $322 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $484 by changing to a $1,000 deductible. Young drivers, like the age 20 example, can save $972 every year by selecting a higher deductible.
If you do make the decision to raise your deductibles, it will now be necessary to have enough in a savings account to allow you to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Difference between full coverage and liability only rates
Finding the cheapest auto insurance should be important to most drivers, and one easy way to find cheaper insurance for a learners permit is to only buy liability coverage. The chart below illustrates the difference between insurance costs with liability coverage only compared to full coverage. The data is based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are taken into consideration.
Averaged out for all age groups, comp and collision coverage costs $2,144 per year more than just insuring for liability. That proposes the question when is the right time to remove full coverage. There is no written rule for excluding full coverage, but there is a general guideline. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your vehicle’s replacement cost is $10,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $9,500 after the deductible is paid. If you are paying more than $950 a year for physical damage coverage, then it might be time to consider dropping full coverage.
There are a few cases where eliminating full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Chances are good that you’re overpaying for Mesa car insurance
Arizona auto insurance rates are calculated based on many things that may substantially change the cost of your policy. Simply getting older, having a teen driver, or getting a DUI may prompt premium changes resulting in some companies being cheaper than before. Not only may your risk profile change, but auto insurance companies change premium rates multiple times each year to help ensure profitability. Higher than usual claims can result in additional price hikes, while long-term profits may cause lower-cost Mesa car insurance rates.
The graph below analyzes the cheapest car insurance in Mesa, AZ for a 45-year-old male driver with a clean driving record, no accidents, and a high credit rating. When quoting prices based on his current situation, The Hartford offers the best car insurance rates in Mesa at $1,067 a year. This is $361 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are the remainder of the cheapest Mesa, AZ auto insurance companies.
Let’s now give the driver from the above example an accident claim, a lower credit rating, and an imperfect driving record. Due to the fact that every auto insurer has a proprietary method for determining prices, comparing quotes may now show a completely different list of companies as shown below.
GEICO now has the lowest price in Mesa, AZ with Ameriprise Group, CSAA, Allied, and Safeco now being in the top five. This illustrates why Arizona drivers need to spend some time comparing rates to find the most affordable car insurance quotes for a learners permit. Insurance rates are influenced by many different factors and can increase or decrease at any time, so the most economical option the last time you shopped your coverage around may now be quite expensive.