Auto insurance in Arizona is regulated by the Arizona Department of Insurance which is based out of Phoenix and can be contacted at (602) 364-2499. If you are just moving to Arizona and shopping for a new policy, or if you have lived in Arizona your whole life and are looking to lower your bills, there are many companies to choose from. The state has quite a few regional carriers as well as the big national carriers that will offer you different rates depending on your living situation, driving history and vehicle year make and model.
Getting a cheap insurance: so where to start?
The first step in finding the cheapest possible insurance rates in Arizona is to educate you about the state regulations, laws and most importantly about the insurance itself. Arizona mandates that you carry auto insurance if you have a vehicle on the road and minimum coverage of $15,000 bodily injury coverage, $30,000 in bodily injury coverage to others and $10,000 property damage coverage. This coverage is the bare bones minimum, so it may not always be the best choice, but that all depends on your situation.
Driving without the minimum requirements for insurance in Arizona: fines and penalties:
- $500 fine and a one year suspension of your license, registration and plates
- $750 fine and a three year suspension of your license, registration and plates
- $1000 fine and three year suspension of your license, registration and plates
The risk is not worth the reward. The next step is to shop your rates with multiple carriers and agents to make sure that you are getting the best bang for your buck. Since each insurance company in Arizona has a different way of figuring out your insurance premiums, you will want to search more than one price. There are tools such as EspanolSeguros.com that can connect you with multiple quotes by filing out a single form. Once you speak with an agent, you will want to research the company with the best rate to make sure that other consumers have had a good experience with them.
Some questions to research:
- How well do they handle claims if you are in an accident?
- Will you be able to speak to an agent whenever you need to?
- What sorts of discounts do they offer?
- What is their standing with the Better Business Bureau?
- How is their financial standing and rating?
Before you sign on the dotted line, make sure that you are getting all of the coverage that you think you have. Your agent should be able to walk you through your policy line by line and answer any questions you may have.
Finding cheap auto insurance in Arizona isn’t tough, but it takes research and asking the right questions to make sure that you are covering your assets and family correctly. Be an informed consumer by shopping your rates often and researching each company thoroughly.