Cheapest car insurance companies in Phoenix
Geico and Travelers have the cheapest car insurance premiums for Phoenix drivers in 2023, based on a data study by Insurance.com.
The car insurance company in Phoenix that provides the cheapest car insurance premiums is Geico, with an average annual rate of $1,582 .
Car insurance costs may vary in Phoenix based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Phoenix.
| Companies | Average annual rates |
|---|---|
| Geico | $1,582 |
| USAA | $1,741 |
| Travelers | $1,785 |
| Auto-Owners | $2,140 |
| Nationwide | $2,208 |
| Progressive | $2,427 |
| Allstate | $2,769 |
| State Farm | $2,831 |
| Farmers | $2,972 |
Cheapest car insurance cost in Phoenix by Age Group
Geico offers the cheapest full coverage car insurance for teenage drivers in Phoenix, with an average annual cost of $4,160 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
However, teen drivers who maintain good grades or stay on their parent's policy can qualify for significant insurance discounts.
Geico is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Phoenix at about $2,194 per year.
An analysis of car insurance rates for Phoenix drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. Geico offers the cheapest full-coverage car insurance rates at $1,579 per year.
Geico is the cheapest option for senior drivers in Phoenix, with an average premium of $1,584 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Geico | $4,160 | $2,194 | $1,579 | $1,584 |
| Travelers | $5,927 | $2,805 | $1,826 | $1,868 |
| Auto-Owners | $6,260 | $3,651 | $2,168 | $2,307 |
| USAA | $7,785 | $3,042 | $1,749 | $1,778 |
| Nationwide | $8,644 | $3,972 | $2,197 | $2,080 |
| State Farm | $8,916 | $4,716 | $2,830 | $2,816 |
| Allstate | $9,129 | $3,883 | $2,739 | $3,035 |
| Progressive | $11,503 | $4,079 | $2,403 | $2,475 |
| Farmers | $12,443 | $5,690 | $2,879 | $3,107 |
| CSAA Insurance (AAA) | $15,467 | N/A | N/A | N/A |
Cheapest car insurance companies in Phoenix by driver profile
When determining car insurance rates in Phoenix, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
To find the cheapest car insurance company in Phoenix, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.
In Phoenix, these insurance companies offer cheap car insurance rates based on your driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: Geico
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Phoenix drivers at about $1,908 per year.
Drivers with poor or bad credit scores in Phoenix can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| Geico | $1,908 |
| Nationwide | $2,297 |
| Travelers | $2,466 |
| USAA | $3,152 |
| Progressive | $3,538 |
| Farmers | $4,208 |
| Allstate | $5,051 |
| State Farm | $8,592 |
Cheapest for drivers with a speeding ticket: USAA
USAA has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Phoenix. Its full coverage car insurance policy costs an average of $2,072 per year for drivers aged 30.
Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.
| Company | Average annual premium |
|---|---|
| USAA | $2,072 |
| Geico | $2,191 |
| State Farm | $2,265 |
| Nationwide | $2,342 |
| Travelers | $2,350 |
| Progressive | $2,792 |
| Farmers | $3,580 |
| Allstate | $4,767 |
Cheapest auto insurance after an at-fault accident: Geico
If you've had an accident, Geico might be your best bet for affordable auto insurance.
For Phoenix drivers with an at-fault accident, Geico offers the cheapest average annual rate at $2,279. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| Geico | $2,279 |
| Travelers | $2,388 |
| State Farm | $2,453 |
| Nationwide | $2,537 |
| USAA | $2,653 |
| Progressive | $3,638 |
| Farmers | $4,213 |
| Allstate | $4,636 |
Cheapest auto insurance after a DUI: State Farm
In Phoenix, State Farm has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $2,265 a year.
Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $2,265 |
| Geico | $2,923 |
| Travelers | $2,947 |
| Progressive | $3,122 |
| Nationwide | $3,826 |
| USAA | $4,030 |
| Farmers | $4,367 |
| Allstate | $6,097 |
Average car insurance cost in Phoenix
The average car insurance rate in Phoenix for full coverage is $2,251 per year or $188 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Phoenix is $676 per year.
Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.
You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.
| Average annual Rates | State minimum average |
|---|---|
| $2,251 | $676 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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