For high risk drivers, one of the largest considerations that determine the price you pay for insurance is your address. More populated areas are more likely to pay higher prices, whereas areas that tend to be more rural can boast about having cheaper rates.
The table below ranks the highest-priced areas in Arizona for high risk drivers in which to purchase auto insurance. Mesa comes in at #11 with an annual rate of $1,125 for car insurance, which is about $94 per month.
|Rank||City||Average Per Year|
|6||San Tan Valley||$1,150|
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Price information shown is estimated as the specific Mesa residence address can raise or lower coverage rates substantially.
The vehicle model driven is a large consideration that determines whether or not you can buy the cheapest coverage for high risk drivers. Vehicles with average performance, excellent safety ratings, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models. The next table shows insurance costs for a number of the most economical automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$5,041|
|Honda Accord EX 4-Dr Sedan||$5,137|
|Honda CR-V EX-L 2WD||$5,198|
|Ford Explorer XLT 4WD||$5,633|
|Volkswagen Jetta SE 2.5 Station Wagon||$5,822|
|Ford F-150 XLT Crew Cab 2WD||$5,876|
|Dodge Grand Caravan Hero||$5,902|
|Chevrolet Malibu Hybrid||$5,907|
|Toyota RAV4 Limited 2WD||$5,902|
|Ford Fusion S 4-Dr Sedan||$5,911|
|Chevrolet Impala LS||$6,022|
|Ford Focus S 4-Dr Sedan||$6,027|
|Honda Odyssey EX W/Rear Entertainment||$6,073|
|Jeep Grand Cherokee Laredo 4WD||$6,084|
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Data assumes single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific location information which can change rates greatly.
Based on these rates, you can figure that vehicles like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Ford Explorer are likely to be a few of the more affordable vehicles to insure for high risk drivers. The cost of auto insurance will tend to be more expensive because of the fact that there is more risk for high risk drivers, but generally speaking those particular vehicles will most likely have the lowest prices compared to all other vehicles.
Cost difference between full coverage and liability
Finding cheaper insurance is important to most drivers, and one of the easiest ways to pay less for insurance for high risk drivers is to not pay for full coverage. The example below shows the comparison of car insurance costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no claims or driving violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
If we average the cost for all age groups, comp and collision coverage costs $1,366 per year over and above liability coverage. That brings up the question if it’s worth it to buy full coverage. There is no clear-cut rule of when to drop physical damage insurance, but there is a general school of thought. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s say your vehicle’s replacement cost is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,500 after paying your deductible. If you are currently paying more than $650 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some cases where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Rate increases following a ticket or accident
The best way to earn the most affordable insurance premiums in Mesa for high risk drivers is to be a careful driver and avoid accidents and traffic citations. The information below illustrates how violations and at-fault claims influence insurance prices for each different age group. The prices are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
The chart shows that the average cost of car insurance in Arizona per year with no accidents or violations is $1,074. Add in one speeding ticket and the average cost surges to $1,236, an increase of $162 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of insurance for high risk drivers goes up to an average of $1,682. That’s an increase of $608, or $51 per month, just for not keeping your driving record clean!
The example below shows how choosing a deductible can affect annual premium costs when quoting cheap insurance for high risk drivers. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
A 40-year-old driver could lower their policy premium by $342 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $518 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 category, could possibly save up to $1,138 or more by using a higher deductible.
When raising deductibles, it is essential to have enough savings to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
The agents shown below can help you determine which policy fits your needs best, since many consumers aren’t sure which coverage to buy and prefer to have a professional recommendation when shopping for cheaper insurance for high risk drivers. It’s not always simple to find the best coverage yourself, so getting advice from a licensed Arizona insurance agent can bring peace of mind knowing your coverage gives you adequate asset protection.
To locate a Mesa car insurance agency by location nearest to you, click the link at the bottom.
- Allstate Insurance: Brent D. Henningson
5540 E Broadway Rd Ste 6 – Mesa, AZ 85206 – (480) 830-0046
- Bruce Hoerner – State Farm Insurance Agent
1731 W Baseline Rd #106 – Mesa, AZ 85202 – (480) 839-5033
- Canyon Lands Insurance
3654 N Power Rd # 146 – Mesa, AZ 85215 – (480) 288-5900
- Manuel Ramirez – State Farm Insurance Agent
911 N Country Club Dr – Mesa, AZ 85201 – (480) 964-7777