First and foremost, it is important to note that auto insurance requirements vary depending on your state, so be sure to check with your state regulator to learn more about individual requirements and the insurers you may be considering for your policy. In the state of Arizona, it is the law that you have mandatory insurance coverage for your motor vehicle.
It goes without saying that you need to get quotes from several insurance companies, as this legwork can save you hundreds of dollars a year on your premiums. Fortunately, getting the right auto insurance quote for your needs is an easy process when you put an independent insurance broker to the task! Keep reading to learn more about the Arizona auto insurance quote process that San Tan Insurance utilizes in effort to save you a substantial sum of money.
Information Required for an Accurate Auto Insurance Quote in Arizona
Shopping for auto insurance may seem like a complex process, but in reality it is a relatively simple journey. Auto insurance companies require specific information in order to give you a personalized quote. Your information is then analyzed by the insurance company’s underwriters, who determine the level of risk associated with insuring your vehicle.
As each insurance carrier uses its own statistical correlation analysis to quantify the risk factor, quotes vary significantly from one insurer to the next. This is why you need an independent insurance broker to help you determine the best value option for your money. Below we look at the information needed to complete the process.
- Miles Traveled: Insurers need to know how far you drive on a daily basis, because the more miles covered, the more likely it is that an accident will occur. Once you are deemed to be a high-risk driver, you will be forced to pay higher premiums.
- Vehicle Ownership: All drivers need liability insurance, and if you have a lien against your vehicle or are leasing it, you may also be required to carry comprehensive and collision insurance. In addition, you may be a good candidate for gap insurance, which covers the difference between the amount you owe on the vehicle and its actual value in the event it is written off in an accident.
- Car Usage: If you use the vehicle for business purposes, you will probably be redirected to a commercial auto insurance policy.
- Security: Your premium is likely to be reduced if you have anti-theft devices on your vehicle, as they reduce the risk of theft and possible injury.
- Number of Vehicles Insured: Insurers need to know how many vehicles are being insured to acquire an accurate quote. Insuring several vehicles at once should earn you a discount on respective rates, but please note there can be a maximum vehicle limit with some policies.
- Number of Licensed Drivers: In theory, everyone you live with has access to your vehicle, so other drivers are used to consider driver ratings..
- Driver Exclusions: In the event you live with someone who has a poor driving record, it is a good idea to exclude them from the policy to help reduce the cost. However, you should not do this if there is a chance the aforementioned driver will use your vehicle at some point in the future.
- Salvage Title: In the majority of cases, some insurers will not provide physical damage coverage for vehicles with salvage titles.
- Personal Information: Clearly, your driving history is of paramount importance, and you will be asked about current violations and tickets, along with information about your current insurance company. You also need to provide personal information, such as your age, gender, marital status, job information, Social Security Number, and whether or not you own a home.
Know the Auto Coverage You Want
Once your information is taken, we do our homework in order to understand the different types of coverage available to you. While you may be tempted to go ahead and purchase the minimum legally required amount of coverage, you could get into financial trouble in the event of an accident. Depending on your criteria, you may be required to purchase specific types of coverage, including property damage and bodily injury insurance.
Time to Start Shopping!
After deciding on the types and levels of auto insurance coverage you want, contact your independent insurance broker at San Tan Insurance to start shopping for you! The difference between a captive agent and an independent broker quote could be hundreds of dollars a year, since captive agents only work for a select insurer or band of insurance companies and has a fiduciary responsibility to the insurer. In contrast, an independent insurance broker has no ties to any insurance company; has a fiduciary responsibility to the client, which means the customer comes first, and is free to give you the lowest priced quotes that the market allows.
As the auto insurance industry is so competitive, we’ll be sure to look for discounts. We’ll also check the customer satisfaction rating for every potential insurance carrier. This helps familiarize us with how they deal with claims, how often they hike rates, how easy it is to contact them, and how well they deal with customers, so that we can pass this information on to you.
You could have affordable auto insurance coverage faster than you think, so click here to speak with your independent insurance broker today!