The words “bargain” and “insurance” really don’t belong together, specifically when trying to find the cheapest auto insurance for drivers with good credit. Let’s take a look at some situations that determine auto insurance prices, and find out if you can take the sting out of the next policy you buy.
The vehicle model you are buying coverage for is one of the biggest factors that determines whether or not you find the lowest-priced auto insurance for drivers with good credit. Vehicles with high performance, poor crash test ratings, or a history of substantial liability claims will cost substantially more to insure than safer models.
The next list features coverage prices for some of the cheapest vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,562 |
| Ford Edge SE 2WD | $1,564 |
| Toyota Prius | $1,583 |
| Honda CR-V EX-L 4WD | $1,597 |
| Toyota Tacoma 2WD | $1,656 |
| Chevrolet Impala LT | $1,688 |
| Chevrolet Malibu Hybrid | $1,693 |
| Dodge Grand Caravan SXT | $1,721 |
| Honda Odyssey EX-L | $1,780 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,812 |
| Volkswagen Jetta 2.0T Station Wagon | $1,874 |
| Ford F-150 Lariat Crew Cab 4WD | $1,885 |
| Toyota RAV4 2WD | $1,901 |
| Hyundai Sonata SE 4-Dr Sedan | $1,911 |
| Nissan Altima 2.5 4-Dr Sedan | $1,901 |
| Chevrolet Silverado LTZ Crew Cab 2WD | $1,933 |
| Toyota Camry Hybrid | $1,938 |
| GMC Sierra SLT Crew Cab 4WD | $1,933 |
| Ford Explorer Eddie Bauer AWD | $1,944 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,949 |
| Toyota Camry XLE | $1,959 |
| Nissan Rogue S 2WD | $1,979 |
| Jeep Grand Cherokee Limited 4WD | $1,987 |
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Price estimates do not factor in specific Mesa, AZ garaging location which can impact coverage rates substantially.
Looking at the numbers, we can assume that cars like the Ford Escape, Ford Edge, Toyota Prius, and Honda CR-V are likely to be the more affordable vehicles to insure for financially responsible drivers.
Shopping around for low-cost auto insurance is tough enough, and deciding which insurers offer the cheapest insurance rates for drivers with good credit will require even more diligence.
Every insurance company has their own unique process to determine rates, so let’s rank the most affordable insurance companies in Arizona. It’s a good idea to be aware that Mesa insurance rates are calculated based on many things which can substantially change your annual premium. Improving your financial situation, buying a higher-value vehicle, or getting into an accident can produce rate changes resulting in some companies being more affordable than others.
Best Cheap Insurance Rates for High Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $836 |
| 2 | Auto-Owners | $915 |
| 3 | Safeco | $923 |
| 4 | Travelers | $1,086 |
| 5 | USAA | $1,113 |
| 6 | Progressive | $1,130 |
| 7 | GEICO | $1,142 |
| 8 | Ameriprise Group | $1,184 |
| 9 | Allied | $1,197 |
| 10 | CSAA | $1,213 |
| 11 | Farm Bureau Mutual | $1,259 |
| 12 | Safe Auto | $1,284 |
| 13 | Unitrin | $1,317 |
| 14 | State Farm | $1,337 |
| 15 | Farmers | $1,350 |
| 16 | Amica | $1,429 |
| 17 | Titan | $1,433 |
| 18 | American Family | $1,463 |
| 19 | MetLife | $1,521 |
| 20 | California Casualty | $1,568 |
| Compare Rates Now Go | ||
The Hartford has some of the lowest car insurance rates in Mesa at around $836 annually. Auto-Owners, Safeco, Travelers, and USAA also qualify as some of the more affordable Mesa, AZ auto insurance companies.
As illustrated above, if you have coverage with Safeco and switched to The Hartford, you might realize yearly savings of upwards of $87. Customers with Travelers could save as much as $250 a year, and USAA insureds might see rate reductions of $277 a year.
To find the cheapest coverage for you, click here or click several companies below for low rates.
It’s important to note that these rates are averages across all ages of drivers and types of vehicles and do not factor in a specific zip code for drivers with good credit. So the insurer that has the lowest price for you may not even be in the list above. That point stresses why you need to quote rates from many companies using your own specific driver information and vehicle.
The information below shows how choosing a deductible can change annual premium costs when researching cheap insurance for drivers with good credit. The data is based on a single male driver, comp and collision included, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could save $244 a year by changing from a $100 deductible to a $500 deductible, or save $370 by selecting a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could potentially save up to $808 annually by choosing larger deductibles on their policy.
If you do make the decision to raise your deductibles, it will be important to have spare funds to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Full coverage rates vs. liability-only in Mesa
Reducing the cost of insurance is important to the majority of people, and one way to pay lower rates for insurance for drivers with good credit is to only buy liability coverage. The chart below illustrates the comparison of insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or driving citations, $500 deductibles, marital status is single, and no other discounts are factored in.
Averaged out for all age groups, comp and collision coverage costs $1,417 per year over liability only. That raises the question if buying full coverage is worth the expense. There is no exact formula to eliminate physical damage insurance, but there is a general convention. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s settlement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $4,500 after the policy deductible has been paid. If you are paying in excess of $450 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some cases where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.
Selecting a high-quality car insurance provider is hard considering how many different insurance companies sell coverage in Arizona. The information below could help you select which car insurance companies you want to consider to insure your vehicles.
These rankings only include large nationwide companies, so smaller companies that only insure vehicles in Arizona will not be included in these rankings. If you wish to compare prices and find the cheapest rates for drivers with good credit, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
A good deal can quickly turn bad
Mesa insurance rates are impacted by many things which can substantially decrease or increase the price of your policy. Getting older, buying a different home, or getting caught speeding can cause premium changes resulting in some rates now being more affordable than others. In addition, companies change rates multiple times each year in order to offset underwriting gains or losses. Higher than normal claims can result in price increases, while long-term profits can cause cheaper Mesa car insurance rates.
To illustrate this example, the bar chart below shows a variety of companies that have the cheapest car insurance in Mesa, AZ for a 30-year-old male driver with a clean driving record, no accidents, and solid credit. If we estimate rates based on his personal risk profile, The Hartford might offer the lowest car insurance rates in Mesa at $1,137 per year. This is $291 less than the average rate paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA are the remainder of the top five cheapest Mesa, AZ auto insurance companies.
Now let’s give the driver in the first chart an accident claim, poor credit, and a speeding citation. Since each auto insurance company has their own formula to establish rates, comparing quotes will most likely result in a slightly different list of cheap Mesa auto insurance companies as shown below.
GEICO now has the best price on car insurance in Mesa with Ameriprise Group, Allied, CSAA, and Farm Bureau Mutual also having competitive pricing. This example proves why drivers need to perform an extensive rate comparison when trying to find cheap insurance rates for drivers with good credit. Rates can be altered by many different factors and change dramatically, so the most affordable company six months ago may now be wasting a lot of money.