The type of vehicle that is being insured is one of the biggest factors that determines whether or not you can buy cheaper insurance for drivers with bad credit. Vehicles with more horsepower, a lack of safety features, or a track record of large liability claims will cost significantly more to insure than safer models.
The information below features insurance rates for the more affordable vehicles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,372|
|Toyota RAV4 Sport 4WD||$1,412|
|Dodge Grand Caravan Crew||$1,439|
|Hyundai Elantra Blue 4-Dr Sedan||$1,459|
|Honda CR-V LX 4WD||$1,467|
|Ford Escape XLS 2WD||$1,472|
|Volkswagen Jetta S 2.5 Station Wagon||$1,487|
|Jeep Grand Cherokee SRT-8 4WD||$1,514|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,541|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,548|
|Dodge Ram Crew Cab SLT 2WD||$1,544|
|Ford Focus S 4-Dr Sedan||$1,593|
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in specific location which can revise insurance rates substantially.
Based upon these rates, we can conclude that vehicles like the Toyota Prius, Honda Accord, and Toyota RAV4 will definitely be a few of the less-costly vehicles to insure for people with poor credit. The cost of a car insurance policy will be more costly because of the fact that there is more inherent risk for drivers with bad credit, but generally speaking those specific models will most likely have the lowest insurance prices compared to other types of vehicles.
Comparing rates for affordable car insurance is not the easiest thing to do, and deciding which companies offer the best insurance rates for drivers with bad credit takes even more perseverance.
Every insurance company has a proprietary formula to set policy rates, so first we will examine the insurance companies with the overall best prices in Chandler. It’s a good idea to know that Chandler, AZ insurance rates are influenced by many factors that control the price you have to pay for coverage. Price variation is why Chandler drivers need to shop around to get the best auto insurance rates for drivers with bad credit. Car insurance prices are made up of many different factors and change substantially, so the cheapest rate when you last compared rates may now cost much more than other companies.
Best Car Insurance Prices with Bad Credit
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,247|
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The Hartford may offer some of the best car insurance rates in Chandler at around $811 a year. This is $617 less than the average policy premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA are also some of the lowest-priced Chandler, AZ insurance companies.
As shown in the rates above, if you are insured with Travelers and switched to Safeco, you might achieve savings of about $181. Drivers with USAA may save as much as $208 a year, and GEICO policyholders might cut rates by $226 a year.
To find cheaper insurance rates for your vehicle, click here to get a free quote or visit several of the following companies.
It’s important to note that these policy prices are averaged across all ages of drivers and types of vehicles and and are not figured with a specific vehicle garaging location for drivers with bad credit. So the auto insurance company that fits your situation best may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own specific driver information and vehicle.
For people with poor credit, one of the largest considerations that help determine insurance cost is your zip code. Cities with more crime and/or more people are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.
The information below ranks the most expensive areas in Arizona for drivers with bad credit in which to buy car insurance. Chandler comes in at #13 having an annual price of $1,093 for the average insurance policy, which is around $91 each month.
|Rank||City||Average Per Year|
|4||San Tan Valley||$1,161|
|25||Lake Havasu City||$844|
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Table data uses approximated as specific Chandler garaging address can decrease or increase coverage rates significantly.
Choosing the highest-rated auto insurance company is difficult considering how many choices there are in Arizona. The company ratings shown next could help you decide which auto insurers you want to consider comparing rates with.
These rankings are only comprised of companies that write coverage in many states, so companies with more of a regional focus are not taken into consideration for these rankings. To get rate quotes and find the cheapest rates for drivers with bad credit, follow this link.
Top 10 Major Auto Insurance Providers Overall in Chandler
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
Discount Chandler car insurance rates
Auto insurance companies that provide policies for drivers with bad credit may have rate discounts that may potentially lower prices by as much as 35% or more if you meet specific criteria. Large insurance companies and their possible discounts can be found below.
- GEICO may offer discounts for daytime running lights, good student, multi-vehicle, seat belt use, and emergency military deployment.
- SAFECO discounts include anti-theft, homeowner, teen safe driver, drive less, multi-car, and safe driver.
- State Farm offers premium reductions for accident-free, good student, passive restraint, multiple autos, anti-theft, and Drive Safe & Save.
- MetLife has savings for multi-policy, accident-free, claim-free, good driver, and defensive driver.
- 21st Century includes discounts for air bags, early bird, student driver, good student, driver training, and theft prevention.
- Progressive policyholders can earn discounts including multi-vehicle, homeowner, online quote discount, multi-policy, good student, online signing, and continuous coverage.
The example below shows the comparison of auto insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, no claims or violations, Arizona state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, multiple policy, claim-free, passive restraint, marriage, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theamount saved on insurance for drivers with bad credit is 27% or $449.
The information below shows how different deductible levels can influence insurance costs when trying to find cheap insurance for drivers with bad credit. The information is based on a single female driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 50-year-old driver could lower their policy premium by $236 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $358 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old example, have the ability to save $602 or more by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it is important to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.