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 provides the best value for car insurance in Phoenix with coverage limits of 100/300/100, costing $1,582 annually.

A close second is Travelers, which offers car insurance at $1,785 per year.

Read about the best car insurance companies.

Average car insurance cost in Phoenix by coverage limits

The average car insurance rates in Phoenix 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 many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Phoenix

Based on an analysis by Insure.com, female drivers in Phoenix, Arizona pay an average annual car insurance premium of $2,255. In comparison, male drivers pay $2,248 annually, which is $7 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Phoenix

Car insurance rates in Phoenix, are highest for teens at $8,317 per year or $693 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $3,577 annually for their car insurance, which is $4,740 less than what teens pay for their insurance coverage.

In Phoenix, adult drivers pay an average of $2,246 per year for car insurance, while senior drivers pay $2,302 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per 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

Car insurance rates in Phoenix are higher than the average rates in Arizona. Drivers in Phoenix can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

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.