Average Cost of Car Insurance Rates in Arizona

Planning for the future is often complicated. You have to consider all the expenses you will be taking on before making any big forward decisions. Sometimes, finding the information you need is difficult, too!

Knowing the average cost of car insurance rates in Arizona can help residents to budget for their expenses moving forward. This info is important whether you’re planning on changing insurance plans, getting car insurance for the first time, or getting a new vehicle

The cost of car insurance per month in Arizona will vary depending on your coverage type, driving record, car, and several other factors. Still, you can get an idea of what you should expect to be paying by looking at the averages. This info will help you see what you will need to cover and how much you can really afford.

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Average Cost of Car Insurance in Arizona

As of writing, the current average annual cost for minimum coverage in Arizona is around $550. For full coverage, most Arizona drivers pay an average of $1,500 for their policies.

These numbers are very similar to the national averages; drivers in the US pay around $560 for minimum coverage and $1,600 for full coverage annually.

As always, however, it is important to remember that insurance companies do not simply look at the average and offer all drivers the same price. These numbers are averages of what every driver is paying, and the amounts paid by each driver vary. Car insurance companies utilize a variety of data to determine what each driver should be paying.

The factors considered by car insurance companies include:

  • Driver age
  • Gender
  • Driving history (record, infractions, classes, etc.)
  • Marital status
  • Car type and color
  • Location
  • Driving frequency
  • Credit score
  • Coverage type

When all these factors are plugged into a car insurance company’s formulas, a unique insurance rate is generated for each individual policy. This is why the rates offered to you may be higher or lower than what you see as the state’s average rates.

Arizona Car Insurance Average Rates By City

As mentioned, location plays a role in car insurance rates. This is why drivers in different cities will see different average rates. Car insurance companies do this because driving in some locations, such as dense urban areas, tends to be riskier than driving in rural regions where less collisions occur.

In Arizona, the most expensive city for car insurance is, unsurprisingly, Phoenix. This large city also sees high increases in premiums each year, so this is something to consider while living or driving in this region.

Cities that are on the low end of average insurance rates include Flagstaff, Lake Havasu City, and Buckeye. These areas are less populated and see fewer accidents, leading to a lower overall car insurance rate.

Arizona Car Insurance Average Rates By Age

Another factor mentioned that plays a part in determining car insurance average rates in Arizona is age. Drivers that are younger are often charged higher premiums because they present a higher risk. Drivers that have been on the roads for a longer period are offered lower rates because they are more experienced.

On average, these are the types of annual rates offered to Arizonians by age:

  • 16-17 year olds on a parent’s policy: $2,600
  • 22 year-olds: $2,400
  • 25 year-olds: $2,000
  • 30 year-olds: $1,700
  • 40 year-olds: $1,600

After you reach 25 years old, there aren’t any more huge drops in insurance coverage costs, but the overall average premium will likely continue to decrease as you get older.

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Other Insurance in Arizona

Curious about what the rates are for other major insurance coverage types in Arizona as well? Complete your planning by looking at what other insurance costs you may be responsible for as well as what people are paying on average today.

Life Insurance

Life insurance in Arizona is slightly less expensive than the country’s averages. Coming in at around $600 annually, Arizonians can expect to pay around $50 per month if they want to get life insurance coverage. Some jobs may include this coverage as part of a benefits package.

Home Insurance

Homeowner’s insurance in Arizona costs homeowners, on average, $1,300 annually. This is slightly lower than the national average, but your exact offered rates could be higher or lower than this number.

Mobile Home Insurance

The best mobile home insurance companies offer rates that range from $800 to $1,000 in Arizona, and the average rates in this state are typically lower than what is found nationally.

Health Insurance

Most Arizonians pay around $500 per month for their health insurance. This cost may be covered in part or in full by their employer, but that is the amount that is used on average to cover every adult in the state.

Read More: Four Can’t-Miss Motorcycle Rides Through Arizona

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