Exploring Arizona’s Top Insurance Companies
Auto-Owners Insurance Co ranks best in Arizona for car insurance, with a MoneyGeek score of 94. Its high satisfaction and affordability scores, along with its impeccable claims handling ratings, contribute to its leadership position. Its diminished value coverage and personal automobile plus package simplify managing various protection aspects.
Car insurance rates vary by city, and many personal factors influence them. To help you understand how your Arizona car insurance premiums compare to others, MoneyGeek has analyzed rates in five major cities.
Auto-Owners Insurance Co
Auto-Owners Insurance Group offers auto, home and life insurance through independent agents. Its property and casualty companies are rated A++ (Superior) by A.M.The company also has excellent ratings from other nationally recognized rating agencies. Its car insurance products include standard and special coverage like roadside assistance, antitheft and accident forgiveness. The company also offers condo and renters insurance, boat insurance, ATV/off-road vehicle and motorcycle insurance and farm insurance.
The company has a low number of consumer complaints and has a high customer satisfaction rating according to J.D. Power. It also has lower-than-average senior auto insurance rates and an above-average claims processing grade from CRASH Network.
Other benefits of Auto-Owners car insurance include the purchase price guarantee on newer cars, which ensures that your policy value isn’t depreciated by the time you’re ready to sell it. The company also provides a common loss deductible benefit that can help you save on both your home and auto policies. It reduces your car deductible by the amount of your home deductible and waives it altogether if both policies have been affected by the same event.
Auto-Owners offers many widely available discounts for its auto insurance policies, including bundling, multicar and good student discounts. Its other discounts include early signing, paying in full and paperless billing. The company also provides a variety of safety features that can lower your premium, such as airbags and antitheft devices.
Travelers
Travelers is one of the oldest and most recognizable names in insurance. It offers a wide range of discounts and affordable pricing for its auto policies. It also has a good financial foundation and customer satisfaction scores. However, its claims processing and customer service could use some improvement.
In addition to offering car insurance, Travelers also provides home and health insurance.
Customers can access their insurance information through the company website or by calling a toll-free number. The company also offers an online claim center.
Travelers offers a variety of discount programs for its auto insurance, including bundling, multiple vehicle, safe driver, good student and driver training. The company also offers a roadside assistance program that covers services such as towing, changing a flat tire, refueling and jump-starting a dead battery.
In addition to its standard property and liability coverage, Travelers offers an endorsement that includes sewer backup and drainage damage to cover cleanup and repair costs. This coverage is an especially important consideration for homes located in areas prone to flooding or heavy rainfall. Its home and property policies also offer identity fraud protection. The company is also well-known for its commercial auto and home insurance, as well as its business interruption and property floaters.
Safeco
Since its founding in 1923, Safeco has built a reputation for offering customizable insurance coverage paired with the expertise of independent agents. Today, the company is owned by Liberty Mutual Insurance and focuses exclusively on personal insurance. According to its LinkedIn profile, the company employs between 1,001 and 5,000 employees. Although it does not release its rates publicly, Bankrate estimates that Safeco policies are affordable. If you are interested in comparing pricing, reach out to an independent agent for a quote.
In addition to standard auto and home coverage, Safeco offers a variety of add-on coverage options. For example, its new car replacement coverage will pay for the value of a comparable vehicle if your current one is totaled or stolen. Additionally, its roadside assistance package includes towing, changing a flat tire or delivering fuel or fluid and locksmith services in the event of an emergency.
Safeco also provides a number of discounts to help you save on your policy. These include a claims-free cash back program, which will send you a check for 2.5% of your policy’s premium every six months that you go without making an at-fault claim; and a diminishing deductible option that will reduce the collision deductible by $50 each year you don’t file a claim, up to a maximum of $500. In addition, you may be eligible for a multi-policy discount or a safe driving course discount.
Progressive
Founded in 1937, Progressive is the second largest auto insurance company in the United States. It also offers home, renters and motorcycle insurance, as well as a variety of other types of personal and commercial coverage. Progressive has been one of the first companies to focus on online sales and service and is one of the most innovative when it comes to car insurance. Some examples include the Snapshot telematics program and the Name Your Price tool, which allows customers to receive custom quotes that fit their budgets.
Aside from its innovation, Progressive has an excellent financial rating and a solid reputation for customer service. Its claims department has a reputation for being quick and easy to work with. It also offers a range of convenience features, such as paperless statements and the ability to sign your policy documents online. The company is also known for its disappearing deductible on collision and comprehensive insurance, which decreases by $50 each six-month period you go without a claim.
Other notable features of Progressive’s car insurance include roadside assistance and gap coverage, which protects the difference between a loan payoff amount and your vehicle’s actual market value. The company’s mobile app and website make it simple to quote, buy and manage your policy. It also offers a variety of driver-based discounts, such as good student and teen drivers. It also offers multiple bundling discounts, such as the ability to save 5% on your car and home insurance when you bundle them together.
