The words “low-cost” and “auto insurance” really shouldn’t be used in the same sentence, in particular when you are shopping around for the best car insurance for drivers requiring a SR22. Because it’s so expensive, let’s start off by going over some situations that have an effect on car insurance rates, and find some ways to slash the price of your next policy.
The vehicle you are trying to insure is a large factor when comparing quotes for low-priced coverage for drivers requiring a SR22. Vehicles with lower performance, good crash test ratings, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models.
The table below estimates coverage rates for a selection of the cheaper vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$4,698|
|Ford Escape Limited 4WD||$5,206|
|Hyundai Elantra SE Touring Station Wagon||$5,215|
|Volkswagen Jetta S 2.5 Station Wagon||$5,206|
|Jeep Wrangler Rubicon 4WD 2-Dr||$5,470|
|Ford F-150 XL Super Cab 2WD||$5,472|
|Toyota RAV4 Sport 2WD||$5,560|
|Ford Edge SEL 2WD||$5,679|
|Jeep Grand Cherokee Laredo 2WD||$5,788|
|Toyota Tacoma Double Cab 4WD||$5,794|
|Chevrolet Equinox LS AWD||$5,788|
|Dodge Grand Caravan Crew||$5,793|
|Ford Explorer Eddie Bauer 4WD||$5,800|
|GMC Sierra SLE Extended Cab 4WD||$5,871|
|Ford Focus SES 4-Dr Sedan||$5,975|
|Toyota Corolla S||$6,000|
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Data based on single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can change premiums greatly.
Based upon these rates, you can figure that models like the Honda CR-V, Toyota Prius, Ford Escape, Hyundai Elantra, and Volkswagen Jetta should be a few of the most economical vehicles to insure for high risk drivers. Rates will be more expensive because of the fact that there is more liability exposure for drivers requiring a SR22, but generally speaking those particular models will most likely have the lowest insurance prices available.
One of the more important components that help determine auto insurance rates is where you live. Regions with more people or even just more weather-related claims tend to have more expensive auto insurance rates, whereas more rural areas have the gratification of cheaper auto insurance rates.
The illustration below shows the highest-priced places in Arizona for drivers requiring a SR22 to buy car insurance in. Scottsdale is listed at #7 having an annual price of $1,129 for car insurance, which is approximately $94 each month.
|6||San Tan Valley||$1,150|
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Premium costs are approximated as specific location information can alter premiums significantly.
Establishing which companies have the cheapest auto insurance rates for drivers requiring a SR22 will take a tad more effort than just quoting one company’s rates. Every insurance provider has a unique approach to set policy rates, so let’s take a look at the lowest cost auto insurance companies in Scottsdale.
Best Cheap Insurance Rates for SR22 Drivers
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,285|
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The Hartford may have some of the most affordable car insurance rates in Scottsdale at around $820 each year. This is $608 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers also rank well as some of the lowest-priced Scottsdale, AZ car insurance companies.
As shown above, if you currently have a policy with USAA and switched to Auto-Owners, you might see an annual premium reduction of about $156. Policyholders with Travelers may save as much as $162 a year, and Progressive policyholders might see rate reductions of $206 a year.
Bear in mind that those prices are averages across all drivers and vehicles and do not take into consideration an exact location for drivers requiring a SR22. So the insurer that fits your age and vehicle best may not even be in the top 28 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
Liability rates compared to full coverage
Reducing premiums for auto insurance should be important to most vehicle owners, and an easy way to buy cheap insurance for drivers requiring a SR22 is to only pay for liability coverage. The illustration below shows the comparison of premium costs when comparing full coverage to liability only. The data assumes no claims or violations, $100 deductibles, drivers are single, and no additional discounts are factored in.
Averaged out for all age groups, physical damage coverage on your policy costs an additional $1,917 per year over liability only. That raises the question if you should buy full coverage. There is no exact rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your vehicle’s replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after paying your deductible. If you are paying more than $700 a year for full coverage, then you may want to consider only buying liability coverage.
Choosing the best car insurance provider can be difficult considering how many companies are available to choose from in Arizona. The information shown next can help you choose which car insurance companies you want to consider putting your business with.
The ratings below include large nationwide companies, so companies with more of a regional focus are not included in this list. To check prices and find the cheapest rates for drivers requiring a SR22, simply click here.
Top 10 Major Auto Insurance Providers in Scottsdale Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Major Auto Insurance Providers in Scottsdale Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Progressive – A+
- Titan Insurance – A+
The chart below illustrates how choosing a deductible can change insurance rates when trying to find cheap insurance for drivers requiring a SR22. The costs are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
A 40-year-old driver could pocket $334 a year by changing from a $100 deductible up to a $500 deductible, or save $502 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could potentially save as much as $1,114 or even more just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it will now be necessary to have additional savings on hand to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
How to find economical insurance for drivers requiring a SR22
It’s not impossible to find cheaper rates, and here are many penny-pinching ideas that can help Scottsdale drivers find low-cost car insurance.
- Claim-free policyholders usually earn a discount
- Buy a vehicle with excellent safety ratings
- Buying your home and auto policies from the same company can earn a discount
- Save money by observing traffic laws and speed limits
- On older vehicles, drop full coverage
- At-fault accidents will increase rates
- Compare rate quotes often
That last piece of advice is very crucial, as was affirmed in the prior information. Insurance rates can change significantly in a year, so don’t be afraid to change insurance companies if you find a better deal. Having a favorite company is great, but it’s not a good idea if that inflexibility results in costing you thousands of dollars over several years. It takes less than five minutes to compare rates to find cheaper insurance for drivers requiring a SR22 in Scottsdale.
The Scottsdale car insurance agencies listed below can probably help you make a decision which coverage fits your budget, since lots of people like to get some professional advice when comparing insurance rates for high risk drivers. It can be time-consuming to do it yourself, so getting advice from a licensed agent can provide you satisfaction knowing your coverage gives you enough coverage when you need it.
To find an agent near you, click the button link following the list.
Scott Knudten – State Farm Insurance Agent
14702 N Frank Lloyd Wright Blvd – Scottsdale, AZ 85260 – (480) 948-8771
Roz Bankston – State Farm Insurance Agent
6900 E Camelback Rd #820 – Scottsdale, AZ 85251 – (480) 897-6500
Craig Smith – Farmers Insurance – Scottsdale
9332 E Raintree Dr #140 – Scottsdale, AZ 85260 – (480) 657-7906
State Farm: Randy Mueller
10575 N 114th St – Scottsdale, AZ 85259 – (480) 391-9390