Average car insurance cost in Phoenix, AZ

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The average car insurance cost in Phoenix, Arizona is $2,251 per year, according to Insure.com data. This is $439 more than the average auto insurance cost in Arizona and $356 more than the national average, as analyzed by Insure.com.

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in Phoenix, the average car insurance rates by age, gender and how much is car insurance in Phoenix based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in Phoenix. Read on to learn more.

Cheap car insurance companies in Phoenix

Geico offers the cheapest car insurance in Phoenix, at an average of $1,582 per year with full coverage limits of 100/300/100.

The second cheapest company in Phoenix is Travelers, offering car insurance rates at $1,785 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Phoenix before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Phoenix, Arizona:

Read about the best car insurance companies.

Average car insurance cost in Phoenix by coverage limits

In Phoenix, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $676 per year (limits are 25/50/25)
• Liability only coverage: $1,013 per year (limits are 50/100/50)
• Full coverage: $2,251 per year (limits are 100/300/100)
• Non-owners coverage: $482 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Phoenix

The average car insurance per year for female drivers in Phoenix, Arizona, is $2,255.

Whereas the yearly average car insurance rate for male drivers is $2,248, which is $7 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Phoenix

In Phoenix, car insurance rates are the highest for teens, at $8,317 per year or $693 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $3,577 per year for their car insurance which is $4,740 less than what the teens pay for their insurance policy.

The car insurance rates in Phoenix for adult and senior drivers are $2,246 and $2,302 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Phoenix

If we look at the car insurance rates trends in Phoenix, Arizona, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 12%, or $247.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Phoenix, are higher than the average insurance cost in Arizona. Shopping around and taking advantage of available discounts, drivers in Phoenix can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.