Deciphering which company offers the cheapest insurance rates for homeowners will take more time in order to find the best price. Each insurance company has a unique approach to determine premium rates, so we’ll take a look at the lowest cost insurance companies in Tucson, AZ.
Compare Cheap Insurance Quotes for Homeowners
|Rank||Company||Cost Per Year|
|12||Farm Bureau Mutual||$1,297|
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The Hartford has some of the lowest car insurance rates in Tucson at around $811 per year. This is $617 less than the average rate paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers also qualify as some of the best Tucson, AZ insurance companies.
As depicted above, if you currently buy coverage from Travelers and switched to Safeco, you might realize yearly savings of roughly $181. Arizona drivers with GEICO could save as much as $237 a year, and Progressive customers might cut rates by $259 a year.
To find the cheapest rates for your vehicle, click here to get a free quote or quote rates from the companies below.
Understand that those rates are averaged across all insureds and vehicles and and are not figured with an exact vehicle garaging location for homeowners. So the insurer that has the cheapest price for you may not even be in the list above. That helps illustrate why you need to compare as many prices as possible using your own driver and vehicle profiles.
One of the many factors that are looked at to help calculate the amount you pay for auto insurance is where you choose to live. Regions with larger populations or more claims tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.
The illustration below sorts the most expensive places in Arizona for homeowners to buy car insurance in. Tucson is ranked #15 with an annual premium of $1,061 for the average insured, which is about $88 per month.
|5||San Tan Valley||$1,150|
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Prices are estimated as specific Tucson zip code can revise premium rates significantly.
The vehicle requiring coverage is probably the biggest factor in finding cheaper auto insurance for homeowners. Vehicles with lower performance, excellent safety ratings, or a low likelihood of having liability claims will cost less to insure than higher performance models. The list below estimates coverage prices for some of the most cost-effective automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,333|
|Honda Accord LX 4-Dr Sedan||$1,497|
|Honda CR-V LX 2WD||$1,503|
|Ford Edge SEL 2WD||$1,515|
|Honda Odyssey EX||$1,522|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,523|
|GMC Sierra SLE Regular Cab 4WD||$1,652|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,756|
|Ford F-150 XLT Regular Cab 2WD||$1,764|
|Toyota Camry Hybrid||$1,766|
|Toyota Tacoma 4WD||$1,795|
|Dodge Ram Quad Cab Laramie 2WD||$1,798|
|Dodge Ram 2500 Crew Cab Laramie 4WD||$1,808|
|Ford Explorer Limited 4WD||$1,805|
|Chevrolet Impala LS||$1,857|
|Honda Civic DX 4-Dr Sedan||$1,865|
|Ford Focus S 4-Dr Sedan||$1,857|
|Hyundai Elantra SE 4-Dr Sedan||$1,862|
|GMC Sierra 2500HD SLT Crew Cab 2WD||$1,878|
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in vehicle garaging location which can change auto insurance rates substantially.
Based upon the table data, you can see that models like the Ford Escape, Honda Accord, Honda CR-V, Ford Edge, and Honda Odyssey will be the most budget-friendly vehicles to insure for people who own their homes.
Insurance rate increases from tickets or accidents
In a perfect world, the best way to receive cheap insurance premiums in Arizona for people who own their homes is to be a safe driver and not receive tickets or have accidents. The chart below shows how traffic citations and fender-benders can raise car insurance rates for different categories of driver ages. The premiums assume a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
In the example above, the average cost of a car insurance policy in Tucson per year with no violations or accidents is $1,633. Get written up for one speeding ticket and the average cost rises to $1,849, an increase of $216 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of insurance for homeowners jumps again to an average of $2,458. That’s an increase of $826, or $69 per month, just for not driving carefully!
Get discount Tucson car insurance
Auto insurance companies that provide policies for homeowners may have price discounts that could reduce prices by 40% or more if you are eligible for them. A list of insurance companies and their possible discounts are outlined below.
- Progressive offers premium reductions for multi-policy, good student, homeowner, online signing, and multi-vehicle.
- Farmers Insurance has discounts for good student, early shopping, multi-car, youthful driver, and teen driver.
- Farm Bureau may offer discounts for safe driver, 55 and retired, renewal discount, multi-vehicle, driver training, youthful driver, and good student.
- State Farm offers discounts for driver’s education, good driver, safe vehicle, good student, Drive Safe & Save, multiple autos, and passive restraint.
- GEICO offers discounts including multi-vehicle, daytime running lights, good student, anti-theft, and military active duty.
- SAFECO may have discounts that include anti-lock brakes, bundle discounts, teen safety rewards, homeowner, and anti-theft.
- Liberty Mutual includes discounts for newly retired, hybrid vehicle, preferred payment discount, exclusive group savings, and new vehicle discount.
The chart below shows the difference between auto insurance costs with and without discounts applied to the premium. The data is based on a female driver, no violations or accidents, Arizona state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with homeowner, accident-free, defensive driving course, multiple policy, passive restraint, and marriage discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on insurance for homeowners is 28% or $605.
The information below highlights how deductible selection can change yearly insurance costs when quoting cheap insurance for homeowners. Data assumes a single female driver, comprehensive and collision coverage, and no policy discounts are applied.
As shown above, a 50-year-old driver could cut expenses by $322 a year by changing from a $100 deductible to a $500 deductible, or save $484 by using a $1,000 deductible. Young drivers, such as the Age 20 example, have the ability to save up to $824 or even more by choosing larger deductibles on their policy. When insureds make the decision to increase the deductibles on their policy, it is essential to have emergency funds available to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
If you aren’t sure which coverage you need and prefer to get help from a professional when trying to find lower insurance rates for people who own their homes, the insurance agencies below can most likely answer your questions and help you decide which insurance coverage will be best for you.
To locate a Tucson auto insurance agent nearest to you, click the button link following the list.
Kevin Dale – State Farm Insurance Agent
5643 E Grant Rd – Tucson, AZ 85712 – (520) 721-8184
Merrie Connon – State Farm Insurance Agent
10222 E Rita Rd #110 – Tucson, AZ 85747 – (520) 574-3223
Allstate Insurance: Mike Brown
3400 E Speedway Blvd Ste 202 – Tucson, AZ 85716 – (520) 318-1775
1717 N Tucson Blvd – Tucson, AZ 85716 – (520) 327-3369