Arizona Auto Insurance Requirements Effective July 1, 2020, the State of Arizona has raised the current automobile insurance minimum levels to reflect a new minimum level of liability for third party injuries. In addition, the Arizona Financial Responsibility Law requires that you maintain at least: $25 million bodily injury in a single accident to or death of any one (1) individual in an accident.
Phoenix Insurance Companies offers different types of coverage and different coverage limits. Here are some types of coverage limits to look for when shopping for Phoenix auto insurance:
Personal Property coverage: It covers physical damage to another person, their personal property, and any items of theirs that is used as collateral for a loan or as security for credit card debt or auto loan payments. The amount of coverage depends on the type of coverage available. Generally, more coverage means better protection.
Collision insurance: This coverage pays for repairs to your vehicle if it becomes totaled during an accident. Collision insurance coverage is usually required if you want to file a claim for bodily injury or property damage during an accident. This coverage also protects against medical expenses related to an accident and lost wages resulting from it.
Liability coverage: This policy covers damage or injury to third party property or persons if your vehicle caused damage or injury to property. Most policies do not require that you carry uninsured motorist coverage. The amount of coverage will be based upon the deductible and your age. The deductibles depend on the policy you have, the state of your vehicle, the state of the third party’s property, and the amount of uninsured motorist coverage you are carrying.
Comprehensive insurance: This is the coverage most Phoenix drivers choose. It offers a mixture of collision, personal property and liability coverage. It also provides coverage for medical costs you might incur during an accident that was not caused by you or your car, such as hospitalization costs, prescription costs, pain and suffering, pain and disfigurement payments, and pain and suffering damages.
Each Phoenix policy has a deductible, an amount you pay in the event that you are sued or injured due to the negligence of someone else, for which you will receive compensation if you prove your fault. This is known as the “contributory” element of the policy.
If you decide to purchase auto insurance, make sure you understand all of your coverage options and the limits and deductibles that apply to each policy you are considering. In addition, shop around to find the best deal that fits your budget.
One easy way to find auto insurance quotes is to fill out an online Phoenix auto insurance quote request form at several websites. These websites offer free quotes and allow you to compare different auto insurance quotes from competing companies.
Phoenix is home to some of the country’s best health care facilities. There are many medical hospitals in Phoenix that accept medical insurance plans. Some even offer their own insurance policies, so you may want to investigate those avenues. Your local physician’s office can also accept policies that are designed to cover you in the case of an accident or illness.
The Phoenix metropolitan area is home to the second largest city in Arizona. and its population is growing faster than in any other Arizona city.
When it comes to purchasing car insurance in Phoenix, one of the best ways to find the cheapest policy is to use the Internet. Instead of going to multiple insurance companies to get multiple quotes, save yourself time by filling out a Phoenix auto insurance quote request form online.
Shopping around for the best Phoenix auto insurance will help you save money. With the number of insurance companies out there, it can sometimes be difficult to sift through all of them to find the best policy. The more quotes you compare, the easier it will be to find the best coverage for your needs.