The car, truck, or SUV you are seeking coverage for is one of the main factors when consumers are trying to find the most affordable car insurance for good students. Vehicles with high performance engines, poor passenger safety features, or an increased likelihood of liability claims will cost substantially more to insure than more modest models.
The table below showcases insurance costs for a handful of the more affordable automobiles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$4,721|
|Honda CR-V EX 2WD||$4,729|
|Ford Escape Limited 4WD||$5,092|
|Ford Edge SE 2WD||$5,234|
|Chevrolet Impala LS||$5,553|
|Ford Focus S 4-Dr Sedan||$5,558|
|Chevrolet Equinox LS AWD||$5,605|
|Toyota RAV4 Limited 4WD||$5,611|
|Dodge Grand Caravan Hero||$5,605|
|Toyota Tacoma Double Cab 4WD||$5,611|
|Nissan Altima 2.5 4-Dr Sedan||$5,605|
|Ford Explorer Eddie Bauer 4WD||$5,657|
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Above prices assume single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in specific Scottsdale, AZ garaging location which can decrease or increase coverage rates significantly.
Looking at the numbers, you can infer that makes and models like the Hyundai Elantra, Honda CR-V, Ford Escape, and Toyota Prius will be a few of the cheapest vehicles to insure for student drivers.
Comparing quotes for cheap auto insurance is not the easiest thing to accomplish, and finding out which company offers the most affordable insurance rates for good students takes more quotes for comparison.
Each auto insurance company has a proprietary formula to establish rates, so let’s begin by taking a look at the most budget-friendly insurance companies in Scottsdale, AZ.
Find the Cheapest Car Insurance for Students
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,259|
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The Hartford has some of the most affordable car insurance rates in Scottsdale at around $836 annually. Safeco, Auto-Owners, USAA, and Travelers also qualify as some of the lowest-priced Scottsdale, AZ auto insurance companies.
As shown in the table above, if you are insured with Auto-Owners and switched to The Hartford, you could see a yearly savings of about $79. Customers with USAA might save as much as $244 a year, and Travelers customers might lower prices by up to $250 a year.
It’s important to note that these premiums are averages for all types of insureds and vehicles and and are not figured with an exact location for good students. So the company that has the cheapest price for you may not even be in the top 28 companies in the list above. That is why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
For student drivers, one of the big criteria that aid in calculating the price you pay for insurance is where you live. Larger areas tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.
The next table shows the most expensive areas in Arizona for good students to purchase auto insurance in. Scottsdale is ranked at #11 having an annual price of $1,117 for coverage, which is approximately $93 per month.
|4||San Tan Valley||$1,196|
|25||Lake Havasu City||$870|
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Annual rates are estimated as specific location information can lower or raise price quotes considerably.
Finding a high-quality car insurance company can be difficult considering how many companies sell coverage in Scottsdale. The company rank data listed below can help you analyze which providers you want to consider putting your business with.
These rankings are only comprised of companies with a nationwide focus, so companies that have a smaller presence are not included in the list. To compare rates from these and other competitive companies, just click here.
Top 10 Major Auto Insurance Providers in Scottsdale Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
- Liberty Mutual – 88%
Top 10 Major Auto Insurance Providers in Scottsdale Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- Mercury Insurance
- AAA Insurance
- State Farm
How much more does full coverage cost in Scottsdale?
Saving on insurance is important to most people, and one of the easiest ways to find cheap insurance for good students is to not pay for full coverage. The diagram below visualizes the comparison of insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The rate quotes are based on no accidents, no driving violations, $500 deductibles, marital status is single, and no policy discounts are applied.
As an average, physical damage insurance costs an extra $1,417 per year over liability only. Lot’s of drivers question when is the right time to remove full coverage. There is no written rule that is best for determining when to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your vehicle’s book value is $9,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $8,500 after the policy deductible has been paid. If you are paying over $850 annually for physical damage coverage, then it might be time to buy liability only.
Why it’s important to shop around
Scottsdale, AZ insurance rates are based on many factors which can substantially change the price you pay for coverage. Simply turning a year older, buying a home instead of renting, or getting a couple of tickets can trigger price changes resulting in some rates now being more affordable than competitors. Not only may things change on your end, but insurers file new Arizona car insurance rates as often as every quarter to adjust for heavy claims or excess profits. A period of increased losses may cause rate hikes, while a lower level of claims can cause lower-priced Scottsdale car insurance rates.
As an example, the bar chart below analyzes the cheapest car insurance in Scottsdale, AZ for a 40-year-old male driver with no accidents or violations, and good credit. If we estimate rates based on his current situation, The Hartford quotes the cheapest car insurance rates in Scottsdale at $1,140 per year. This is $288 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers are also included in the cheapest Scottsdale, AZ auto insurance companies.
The next chart shows rates after we give the driver from the above example an accident claim, a lower credit rating, and a traffic citation. Due to the fact that every insurance company has a different process for determining prices, comparing prices may now show a different ranking of affordable Scottsdale car insurance companies as shown below.
Progressive now has the lowest price on auto insurance in Scottsdale with CSAA, Ameriprise Group, Safeco, and Allied now being in the top five. This example shows why consumers need to take the time to do a thorough rate comparison when trying to get the most economical car insurance rates for good students. Insurance prices are impacted by many risk factors and can change substantially, so the most economical option when you bought your policy may now not even be in the top five.