The make and model of vehicle to be insured is one of the largest factors that determines whether or not you can buy economical coverage for a company car. Vehicles with economical engines, good safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models. The data below showcases auto insurance rates for some of the most cost-effective automobiles to insure in Arizona.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $1,200 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,212 |
| Toyota Prius | $1,300 |
| Dodge Grand Caravan CV | $1,312 |
| Honda Accord EX 4-Dr Sedan | $1,322 |
| Toyota Tacoma Double Cab 4WD | $1,388 |
| Chevrolet Equinox LT AWD | $1,395 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,388 |
| GMC Sierra SLE Regular Cab 2WD | $1,394 |
| Ford Escape Limited 4WD | $1,429 |
| Hyundai Elantra SE Touring Station Wagon | $1,437 |
| Ford Edge SE 2WD | $1,456 |
| Honda Odyssey EX-L W/Navigation | $1,463 |
| Toyota Camry XLE | $1,472 |
| Dodge Ram Crew Cab SLT 2WD | $1,510 |
| Ford F-150 Lariat Crew Cab Platinum 4WD | $1,515 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $1,525 |
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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 safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Prices do not factor in vehicle garaging location which can affect premiums significantly.
Looking at the numbers, we can tell that cars like the Honda CR-V, Jeep Wrangler, and Toyota Prius will be the most affordable vehicles to insure for your employer’s vehicle.
One of the more important things that are looked at to determine the annual cost of car insurance is where you live in Tucson. Larger areas are more likely to have higher rates, whereas more rural areas have the gratification of cheaper auto insurance rates.
The information below ranks the highest-priced areas in Arizona for a company car in which to purchase auto insurance. Tucson comes in at #16 with a yearly premium of $1,072 for the average insurance policy, which is around $89 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Phoenix | $1,255 |
| 2 | San Tan Valley | $1,196 |
| 3 | Glendale | $1,190 |
| 4 | Avondale | $1,186 |
| 5 | Buckeye | $1,156 |
| 6 | Mesa | $1,147 |
| 7 | Gilbert | $1,142 |
| 8 | Chandler | $1,126 |
| 9 | Tempe | $1,118 |
| 10 | Scottsdale | $1,117 |
| 11 | Peoria | $1,093 |
| 12 | Goodyear | $1,087 |
| 13 | Casas Adobes | $1,082 |
| 14 | Surprise | $1,080 |
| 15 | Maricopa | $1,074 |
| 16 | Tucson | $1,072 |
| 17 | Oro Valley | $1,062 |
| 18 | Casa Grande | $1,057 |
| 19 | Catalina Foothills | $1,050 |
| 20 | Flagstaff | $969 |
| 21 | Yuma | $963 |
| 22 | Prescott | $924 |
| 23 | Sierra Vista | $899 |
| 24 | Lake Havasu City | $878 |
| 25 | Bullhead City | $869 |
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Information shown are approximated as the garaging address in Tucson can change rates greatly.
Best insurance in Tucson
Selecting a high-quality insurer can be difficult considering how many companies are available to choose from in Tucson. The rank data listed below can help you select which auto insurance companies to look at purchasing from.
These ratings are only comprised of the companies with a significant amount of written premium nationwide, so smaller regional companies are not taken into consideration for these rankings. To compare price quotes and find the cheapest rates for a company car, 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 |
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Data Source: Insure.com Best Car Insurance Companies
The example below highlights how deductible selection can influence insurance costs when getting quotes for cheap insurance for a company car. The costs are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
In the chart above, a 40-year-old driver could lower rates by $210 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $316 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could potentially save as much as $694 each year by selecting a higher deductible. When using a larger deductible, it is necessary to have enough funds in savings to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
The benefit of shopping around
Arizona insurance rates are determined by lots of factors that can increase the cost of your policy. Simply turning a year older, buying another vehicle, or getting a reckless driving citation can trigger price changes that may make certain companies cheaper than competitors. In addition, companies file new rates without warning to adjust for gains or losses. Higher than normal claim frequency or severity can cause rate hikes, while lower claim expenses may result in lower-priced Tucson car insurance rates.
The graph below shows which company has the cheapest car insurance in Tucson, AZ for a 45-year-old male driver with a clean driving record, no accidents, and great credit. Based on his current rating profile, The Hartford quotes the most affordable car insurance rates in Tucson at $1,000 annually. This is $428 less than the average policy premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA also make the list of the most affordable Tucson, AZ auto insurance companies.
Now we will give the driver from the above example an accident claim, a lower credit rating, and a few blemishes on his driving record. Because every insurance company has a different process for determining prices, comparing rates could now result in a completely different list of affordable companies as shown below.
GEICO now has the best car insurance rate in Tucson, AZ with Ameriprise Group, CSAA, Allied, and Farm Bureau Mutual also having competitive pricing. This illustrates why it is critical to shop around when trying to get the most budget-friendly car insurance quotes for a company car. Insurance rates can be determined by many factors and change dramatically, so the most economical company the last time you shopped your coverage around may now be one of the more expensive options.