The words “bargain” and “auto insurance” really should not be used together, especially when comparison shopping for the lowest insurance rates for homeowners. In an attempt to save some money, let’s teach you some situations that influence car insurance rates, and find out if we can help you take the sting out of your next policy.
The type of vehicle requiring coverage is one of the largest considerations that determines the availability of the best car insurance for homeowners. Vehicles with higher performance characteristics, poor safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.
The next list showcases insurance rates for a handful of the most cost-effective vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra SE Touring Station Wagon||$1,452|
|Honda Accord LX 4-Dr Sedan||$1,512|
|Honda CR-V EX-L 2WD||$1,554|
|Chevrolet Silverado LS Regular Cab 2WD||$1,580|
|Toyota RAV4 Sport 2WD||$1,585|
|Ford Escape Limited 4WD||$1,635|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,643|
|Ford Explorer XLT AWD||$1,650|
|Dodge Grand Caravan CV||$1,643|
|Toyota Corolla LE||$1,671|
|Nissan Rogue S 2WD||$1,695|
|Ford Edge SEL 2WD||$1,702|
|Ford Fusion SE 4-Dr Sedan||$1,712|
|Chevrolet Malibu LTZ||$1,702|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,731|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,757|
|Get a Custom Quote Go|
Prices above based on 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, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in Mesa, AZ location which can influence coverage prices significantly.
Based upon these rates, you can conclude that models like the Hyundai Elantra, Honda Accord, Honda CR-V, Chevrolet Silverado, and Toyota RAV4 are likely to be a few of the cheaper vehicles to insure for people who own their homes.
One of the many things that are used to help calculate the annual cost of car insurance is where you live in Mesa. Areas with a lot of weather claims or more people are more likely to pay higher prices, whereas less populated areas tend to receive slightly lower rates.
The next table ranks the most expensive areas in Arizona for homeowners to buy an auto insurance policy in. Mesa shows up at #5 with an annual rate of $1,159 for car insurance, which is around $97 each month.
|4||San Tan Valley||$1,161|
|24||Lake Havasu City||$870|
|Find Cheaper Insurance Go|
Rate information is approximated as specific location information can lower or raise coverage prices greatly.
Violations and accidents raise rates
The best way to snag the most affordable car insurance premiums in Mesa for people who own their homes is to drive attentively and maintain a clean driving record. The illustration below shows how speeding tickets and fender-benders influence insurance rates for each different age category. The rates are based on a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
The data above shows the average cost of car insurance in Mesa per year with no accidents or violations is $1,330. Add in two speeding tickets and the average cost surges to $1,891, an increase of $561 each year. Now throw in two accidents along with the two speeding tickets and the 12-month cost of car insurance for homeowners jumps again to an average of $3,885. That’s an increase of $2,555, or $213 per month, just for not driving attentively!
Cost difference between full coverage and liability
Saving money when shopping for car insurance is important to the majority of drivers, and one of the quickest ways to buy cheap insurance for homeowners is to not pay for full coverage. The information below illustrates the difference between car insurance rates with full coverage and liability only. The prices are based on no claims or violations, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
On average, physical damage coverage costs $1,704 per year more than just buying liability insurance. That proposes the question if you should buy full coverage at all. There is no exact rule to stop paying for full coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
How to find the cheapest car insurance for homeowners
Below you’ll find some of the better thrifty solutions that can help Arizona drivers get more affordable coverage.
- At-fault accidents will increase rates
- Save money by observing traffic laws and speed limits
- Vehicles with safetly features generally cost less to insure
- Buy your auto and home insurance from the same company and save
- Pay for small claims rather than turning them in to your insurance company
- Shop around for cheaper prices often
That last tip is certainly significant, as was emphasized in the article above. Insurance prices vary considerably, so don’t hesitate to change to a new company if you can find a cheaper rate. Staying with the same company for years is fine, but it isn’t a good idea if that dedication is costing hundreds of dollars year after year. Take a couple minutes and shop around to find cheaper insurance for homeowners in Mesa.
If you wish to get some professional input when buying car insurance for homeowners, the agents listed below can answer your questions and help you decide which policy fits your needs best.
To locate an agency in your neighborhood, click the button at the bottom or click here to compare rates now.
Marge Black-Graziano – State Farm Insurance Agent
1155 S Power Rd #106 – Mesa, AZ 85206 – (480) 832-5355
3950 E Broadway Rd # 102 – Mesa, AZ 85206 – (480) 964-2400
Aaron McDermid – State Farm Insurance Agent
10720 E Southern Ave #105 – Mesa, AZ 85209 – (480) 984-3311