Posts Tagged ‘Arizona auto insurance’

Arizona State Auto Insurance Minimum Requirements

Friday, June 24th, 2011

Arizona state auto insurance minimum coverage requirements specify that drivers must have third party liability protection in place. This coverage protects the occupants of the other vehicle when an accident occurs.

The minimum level of bodily injury insurance required by law is $15,000 to pay for injuries and damages suffered by a single accident victim and $30,000 to compensate everyone injured in the same accident. Bodily injury liability coverage also pays out a funeral benefit in the case of a fatal accident.

The property damage portion of the policy pays for repairs to the other driver’s vehicle. It is also used to pay for repairs for other items, such as fences, sheds, buildings and sign posts, which have been damaged in the accident. The minimum amount of this type of coverage required by law is $10,000.

Arizona is a tort state for auto insurance purposes, which means that the driver who is determined to be at fault in an accident is responsible for paying for the damages he or she caused. Choosing a policy with the minimum amount of coverage required under Arizona state auto insurance law means that a driver may not be able to pay for damages caused in a serious accident. In that situation, the at-fault driver is responsible for paying the difference personally.

Physical damage coverage is not specifically required under state law, but consumers who have financed their vehicle may be required to keep collision and comprehensive coverage in place until it has been paid off.

 

 

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Posted in USA |

Compare AZ Auto Insurance Companies for Best Rates

Sunday, May 29th, 2011

Drivers who want to get the best pricing on the coverage they need should take the time to get quotes from several AZ auto insurance companies first. Each one determines how much it will charge its policyholders independently, which means that pricing can vary significantly between companies. Premium rates will depend on the level of risk that an insurance company is prepared to assume on behalf of a particular driver.

Reviewing car insurance coverage is something that should be done at least once a year. Even in a case where a driver has been with the same provider for several years, getting quotes from other companies will show a driver whether his or her current insurance company is providing the best rates for coverage.

Increasing the policy deductible is a way to save on the cost of coverage. Policyholders who choose to pay more toward claims made against their policy qualify for lower rates. Another way to keep costs down is to consider dropping the collision coverage on the vehicle. It may make sense to do so if the car is an older model that has been paid for in full

If a driver finds a company that can provide the insurance coverage he or she needs at a lower price, the best way to proceed it to buy the new policy and make sure that it is in force before canceling the existing one. That way, not lapse in coverage will occur.

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Posted in Arizona, Auto Insurance Rates, USA |

How to Cancel Your Arizona Car Insurance Policy

Thursday, February 3rd, 2011

If you decide you want to cancel your Arizona car insurance policy, start by checking the policy language to find out the right procedure for doing so. Each company sets its own procedures for policyholders who decide they no longer want to be covered, and it’s important to follow them carefully. Stopping the payments on the policy is not the right way to go; the insurance company can terminate your coverage for non-payment and this can negatively affect your credit rating.

You can also contact the insurance company directly to find out what procedure you should follow to cancel your coverage. In most cases, the insurer will need to be notified in writing that you want to cancel the policy or that you don’t want to renew your coverage.

Before you send out your letter to the insurer, make sure that you have the correct mailing address. You should also ask if you should be sending it to a specific department or to a particular person for processing. Sending the letter by registered mail or courier provides you with proof of delivery.

If you are canceling your Arizona car insurance policy in the middle of the term, the insurer may charge an administration or cancellation fee. You would be entitled to a refund of any premiums you paid in advance, less the amount of these fees, so be sure to request this amount in your letter.

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Posted in Arizona, USA |

Average Cost of Arizona Auto Insurance 2011

Monday, January 31st, 2011

The average cost of Arizona auto insurance in 2011 is $1,097. This amount is lower than the national average of $1,449.

Even if you are paying at or lower than the state average for your coverage, you should still consider shopping around to make sure you are not overpaying  for it. Start looking for quotes for your coverage a couple of months before your current policy is due to expire. That way, you have the time you need to get pricing information from a number of providers and compare them carefully.

Going online is a great way to shop for Arizona auto insurance coverage. Doing so means that you don’t need to wait until regular business hours to start looking for the lowest rates. You can conduct your search at a time that is convenient for you, from anywhere you can establish an Internet connection.

Part of finding the right auto insurance policy for your needs is researching the insurance companies themselves as well. Make a point  of clicking through to the “About Us”  page of various  insurance company web sites to learn about the providers. You will want to make sure that the companies you are considering are ones that are well established and that have the reserves required to pay out on the claims that their policyholders are making.

When you gather quotes from different companies, study them carefully to confirm that they are for similar coverage levels before buying a policy.

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Posted in Arizona, USA |

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