Car insurance coverage requirements vary from state to state in the United States. In Phoenix, drivers must meet the minimum requirements for auto insurance as mandated by Arizona Department of Insurance.
Phoenix drivers, like all Arizona drivers, must meet certain financial responsibility requirements. These requirements mean that, in order to be eligible to drive in the state, the driver must purchase a certificate of insurance. (Or, less commonly, the driver may purchase a bond, certificate of deposit or cash in the amount of $40,000).
In Phoenix, drivers must at minimum purchase liability coverage. Among the various types of car insurance coverage you can buy, this is the type of coverage that insures the other party (the other driver and his or her passengers) in the event of an accident that is your fault. Liability coverage has two components: bodily injury and property damage.
Check the Arizona Department of Insurance website for the latest minimum liability coverage requirements. At the time of this writing, they were: $15,000 bodily in body injury per person, $30,000 in bodily injury per accident, and $10,000 in property damage per accident.
Phoenix Drivers Have Many Insurance Options
Phoenix drivers share the road with over one million others. However, car insurance companies vary in terms of the types of drivers they specialize in. And, there is a multitude of car insurance companies serving Phoenix metropolitan drivers.
One of the first keys to finding the cheapest car insurance rates in Phoenix is to shop around. This may sound obvious, but thousands of drivers each year just passively allow their auto insurance policies to renew themselves without bothering to find out whether they can get a better deal with another insurer.
Decide Which Coverage You Need
Obviously, buying more coverage than you need would be foolish if you are looking for the cheapest car insurance rates in Phoenix. However, many drivers make the opposite mistake of buying too little coverage, instead only purchasing the bare minimum required by state law.
There are three reasons why buying too little car insurance can be an unwise move:
1. If you get into an accident and it is your fault, your liability insurance may not cover the other party's claims. That could allow them to go after your personal assets in a court of law.
2. By failing to buy collision insurance, causing an accident could result in the partial or complete destruction of your own car - leaving you without the possibility of reimbursement.
3. If you get into an accident with another driver on a Phoenix highway or side street and that driver is not insured, you may be out of luck if you do not carry uninsured/underinsured motorist insurance.
Shop Around And Record Your Findings
Another secret to securing the best-possible rate is to be sure to shop around. And, approach the task like a researcher or a detective. Meaning: take careful notes on the rates and terms (and name and contact info) of each insurer you contact. That way, you can go back later and make an informed decision about who offered you the best rates.
Go For The Discounts
Finally, when contacting the car insurance companies in Phoenix, make sure you ask about any discounts you are eligible for. Be sure to mention items such as good student discount, good driver discount, and safety equipment (e.g., anti-lock brakes and air bags) discounts.
Follow these steps to find the cheapest car insurance rates in Phoenix.
Look for the cheapest car insurance deals in Phoenix, AZ in these areas:
Alhambra, Camelback East, Central City, Deer Valley, Desert View, Encanto, Estrella, Laveen, Maryvale, New Village, North Gateway, North Mountain, Paradise Valley, and South Mountain
