One of the many considerations that are looked at to determine the cost of insurance is your address. More populated areas tend to have higher rates, whereas areas with lower crime rates and fewer weather claims profit from lower rates.
The table below sorts the most expensive places in Arizona for hybrid vehicles to purchase a policy in. Scottsdale is listed at #6 with an annual cost of $1,151 for car insurance, which is approximately $96 monthly.
|7||San Tan Valley||$1,150|
|25||Lake Havasu City||$844|
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Rates are estimated as zip code location can alter premium rates considerably.
The type of vehicle that is being insured is one of the primary factors when comparing the most economical auto insurance for hybrid vehicles. Vehicles with lower performance, advanced safety features, or a positive history of liability claims will cost substantially less to insure than higher performance models.
The next table ranks car insurance premiums for the most cost-effective automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,410|
|Honda CR-V EX-L 2WD||$1,442|
|Honda Accord LX-P 4-Dr Sedan||$1,544|
|Chevrolet Impala LS||$1,640|
|Chevrolet Silverado LS Regular Cab 2WD||$1,664|
|Honda Odyssey LX||$1,688|
|Dodge Grand Caravan Crew||$1,704|
|Ford F-150 XL Regular Cab 4WD||$1,726|
|Ford Edge SEL AWD||$1,790|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,792|
|Dodge Ram Crew Cab SLT 2WD||$1,819|
|GMC Sierra 3500HD SLE Regular Cab 2WD||$1,822|
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can increase or decrease price quotes substantially.
Based upon the table data, models like the Ford Escape, Honda CR-V, Honda Accord, and Chevrolet Impala should be the most budget-friendly vehicles to insure for hybrids.
Rate difference between full and liability-only coverage
Paying less for auto insurance should be important to the majority of vehicle owners, and one of the quickest ways to pay lower rates for insurance for hybrid vehicles is to not buy comprehensive and collision coverage. The illustration below compares insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no discounts are applied.
As an overall average, physical damage coverage on your policy costs an additional $1,681 per year over and above liability coverage. At some point, almost every driver questions when is it safe to stop buying full coverage. There is no definitive formula to eliminate full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
There are some cases where only buying liability is not advised. If you haven’t paid off your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.
Bad driving habits will cost you more
The ideal way to score cheap auto insurance premiums in Arizona for hybrids is to drive safely and avoid getting tickets or having accidents. The chart below highlights how speeding tickets and at-fault claims influence insurance costs for different ages of insureds. Data assumes a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
In the previous example, the average cost of car insurance in Arizona per year with no violations or accidents is $1,051. Get two speeding tickets and the average cost jumps to $1,485, an increase of $434 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for hybrid vehicles increases to an average of $1,925. That’s an increase of $874, or $73 per month, just for being a less-than-perfect driver!
The illustration below demonstrates how choosing different deductibles can affect premium costs when getting quotes for cheap insurance for hybrid vehicles. The price estimates are based on a married male driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could lower their car insurance rates by $276 a year by switching from a $100 deductible to a $500 deductible, or save $418 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 category, could save up to $834 or more by using a higher deductible. If you do decide to increase your deductibles, it is essential to have emergency funds available to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
If you aren’t clear which coverage you need and would like to have a consultation when shopping for cheaper insurance for hybrids, the agents shown below can answer your questions and help you decide which policy fits your needs best.
To find a Scottsdale insurance agency by location nearest to you, click the button at the bottom of the list.
- Pinnacle Ins Agency Inc.
8700 E Vista Bonita Dr – Scottsdale, AZ 85255 – (480) 513-3131
- Athena Olson – State Farm Insurance Agent
8170 N 86th Pl #105 – Scottsdale, AZ 85258 – (480) 398-1266
- Farmers Insurance – Jim Kreisman
9590 E Ironwood Square Dr #230 – Scottsdale, AZ 85258 – (480) 491-8585
- Farmers Insurance: David Kulwin Agency
8238 E Thomas Rd – Scottsdale, AZ 85251 – (480) 505-1220
How to find low-cost car insurance for hybrid vehicles
It is possible to find better rates, and here are some of the recommended thrifty solutions that can help Scottsdale drivers find low-cost auto insurance.
- Safe vehicles cost less to insure
- At-fault accidents can raise rates significantly
- Full coverage is expensive so only insure older vehicles for liability only
- Buying home and auto insurance together can earn discounts
- Avoid speeding and other traffic citations and pay less
- Try to not file small claims
- Shop around for cheaper prices often
That last tip is extremely important, as we stressed in the prior article. Car insurance rates in Scottsdale adjust often, so don’t be unwilling to change insurance companies if you can find a cheaper rate. Brand loyalty is great, but we do not recommend it if that dedication is costing a lot of money every month. Take a couple minutes and shop around to find cheaper insurance for hybrid vehicles.