The words “affordable” and “insurance” really don’t belong together, in particular when searching for the cheapest auto insurance for low mileage drivers. Because of the high cost, let’s start off by going over some things that significantly impact car insurance rates, and find out if we can help you reduce the price of your next policy.
For infrequent drivers, one of the big factors that are looked at to determine the annual cost of car insurance is where your residence is. Areas with more people or higher crime rates will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The illustration below shows the most expensive cities in Arizona for low mileage drivers to purchase auto insurance in. Chandler is listed at #8 with the yearly price of $1,115 on average, which is about $93 monthly.
|4||San Tan Valley||$1,185|
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Premium costs are comparative as the specific garaging location can affect coverage rates considerably.
Finding cheap car insurance is confusing at best, and deciding which companies have the cheapest insurance rates for low mileage drivers will take more quotes for comparison. Each auto insurance company uses their own method to set policy rates, so let’s begin by taking a look at the most affordable insurance companies in Chandler, AZ.
It’s important to understand that Arizona insurance rates are based on many factors which can significantly increase or decrease the cost of having a policy. Price variation is why Chandler drivers need to compare as many rates as possible when trying to find the lowest car insurance rates for low mileage drivers. Auto insurance prices are determined by many risk factors and can decrease or increase without notice, so the cheapest company six months ago may now be costing you a lot of money.
Cheap Insurance Rates in Arizona
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,259|
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The Hartford offers some of the lowest car insurance rates in Chandler at around $845 each year. This is $583 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA also qualify as some of the lowest-priced Chandler, AZ auto insurance companies.
As shown above, if you currently have coverage with USAA and switched to Auto-Owners, you could see a yearly price reduction of approximately $227. Drivers with Progressive may save as much as $233 a year, and GEICO customers might realize rate reductions of up to $280 a year.
Understand that those prices are averaged across all ages of drivers and types of vehicles and and are not calculated with an exact location for low mileage drivers. So the car insurance company that is best for you may not even be in the top 28 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.
The car, truck, or SUV you are insuring is probably the largest consideration in finding the most affordable car insurance for low mileage drivers. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of liability claims will cost less to insure than fast, unsafe models.
The table below outlines coverage costs for a handful of the most affordable automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,297|
|Hyundai Elantra GLS Touring Station Wagon||$1,304|
|Volkswagen Jetta S 2.5 Station Wagon||$1,408|
|Ford Escape XLS 4WD||$1,415|
|Ford Edge SEL AWD||$1,502|
|Ford Focus S 4-Dr Sedan||$1,512|
|Chevrolet Malibu Hybrid||$1,531|
|Toyota RAV4 Limited 4WD||$1,541|
|Ford Explorer Eddie Bauer 4WD||$1,559|
|Dodge Grand Caravan CV||$1,585|
|Toyota Tacoma 4WD||$1,595|
|Chevrolet Silverado LS Regular Cab 4WD||$1,610|
|Honda Odyssey Touring||$1,641|
|Chevrolet Impala LS||$1,644|
|Ford F-150 FX2 2WD||$1,710|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,718|
|Nissan Rogue SL AWD||$1,726|
|Chevrolet Equinox LS 2WD||$1,728|
|Toyota Camry LE||$1,733|
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium amounts do not factor in specific location which can increase or decrease coverage rates substantially.
Based upon the rates shown, we can presume that models like the Honda CR-V, Hyundai Elantra, Volkswagen Jetta, and Ford Escape will be a few of the less-costly vehicles to insure for infrequent drivers.
Chandler insurance company ratings
Choosing the highest-rated insurer can be a challenge considering how many different insurance companies sell coverage in Chandler. The information shown below could help you decide which companies to look at when comparing rates. These ratings are only comprised of the largest companies in America, so smaller companies are not factored into the list.
Top 10 Major Auto Insurers in Chandler Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Progressive – A+
- Titan Insurance – A+
Top 10 Major Auto Insurers in Chandler Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
Do you need full coverage?
Finding cheaper insurance is important to most drivers, and one way to reduce the cost of insurance for low mileage drivers is to not buy comprehensive and collision coverage. The diagram below shows the comparison of annual premium costs with full physical damage coverage and with liability coverage only. The premiums assume no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.
As an average, physical damage insurance costs an additional $1,745 per year more than just buying liability insurance. That amount may make you wonder if physical damage coverage is worth the money. There is no definitive guideline that works best for making the decision to drop full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s say your vehicle’s settlement value is $11,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $10,500 after paying your policy deductible. If you are paying in excess of $1,050 annually for physical damage coverage, then you might want to consider buying only liability coverage.
How to find cheaper insurance for low mileage drivers
Below you’ll find a few money-saving solutions that can help Arizona drivers buy low-cost coverage.
- Try paying for small claims out-of-pocket
- Save money by observing traffic laws and speed limits
- Being accident-free can lower rates significantly
- If your vehicles are older, consider dropping full coverage
- Raise comprehensive and collision coverage deductibles
- Keep rates low by shopping around frequently
The last item on the list is remarkably critical, as we emphasized in the article above. Insurance rates vary greatly, so drivers shouldn’t be resistant to switch companies if a more affordable rate is found. Loyalty to a specific company is fine, but it’s not recommended if that loyalty results in overpaying lots of money. In less than five minutes you could compare prices to find cheaper insurance for low mileage drivers in Chandler.
If you have coverage questions and would like to have a consultation when buying car insurance for low mileage drivers, the agencies below can help you determine which auto insurance coverages would be the best in your situation. To locate a Chandler auto insurance agent using an interactive map, click the button following the list.
- American Family Insurance – Arturo Alatorre
600 W Ray Rd Ste D4 – Chandler, AZ 85225 – (480) 246-8479
- Farm Bureau Insurance
912 W Chandler Blvd – Chandler, AZ 85225 – (480) 284-4223
- Parrish Insurance
1256 W Chandler Blvd # G – Chandler, AZ 85224 – (480) 821-1005
- Farmers Insurance: John D Donadio Insurance Agency
1727 N Arizona Ave #9 – Chandler, AZ 85225 – (480) 382-1570