Exploring Arizona’s Top Insurance Companies
Insurance is a cornerstone of financial planning. The right insurance policy can protect you and your family against the unexpected.
Auto-Owners Insurance Co is the best car insurance in Arizona with a perfect MoneyGeek score and excellent customer satisfaction. This company also has great affordability and claims handling scores. It offers core coverages, including diminished value and personal automobile plus.
State Farm
The largest insurer in the country, State Farm has a vast array of insurance options and offers competitive rates for auto, home and life insurance. It also receives high ratings from AM Best and Moody’s, which indicates it has the financial strength to pay future claims.
The company’s auto insurance products include collision and comprehensive coverage, uninsured/underinsured motorist coverage and rental reimbursement. It also offers roadside assistance and SR-22 coverage, which is often required by state law for risky drivers. Its home insurance policies include standard dwelling and rental property coverage, as well as a range of add-ons. Among them, contractors choice coverage allows homeowners to choose their own repair shop rather than one chosen by the provider; and extended replacement cost coverage pays to rebuild your house even if it exceeds your policy’s limit.
Its life insurance offerings received two 2024 Bankrate Best Term and Best Universal Life Insurance awards, as well as top scores for customer service in the J.D. Power Life Insurance Study. It also has a number of unique products, such as joint life insurance that covers both spouses or partners for a single premium, and disability income riders. The company also offers a telematics program that rewards you for good driving habits. In addition, the company offers workers’ compensation insurance to help Arizona businesses stay in business after workplace accidents.
Auto-Owners Insurance Co
Auto-Owners Insurance Co focuses on car insurance and offers comprehensive coverage that helps Arizona drivers deal with any accidents that may occur. They provide a range of coverage options, including gap insurance and diminished value coverage. These unique features help drivers with the cost of their vehicle after a total loss, protecting them from financial hardship.
In terms of affordability, this company is one of the best in Arizona. Its affordable prices and top-notch customer service make it a great choice for anyone looking for quality car insurance in Arizona. It also offers a wide variety of discounts, such as multi-car and homeowner discounts.
It is important to note that the average car insurance premium in Arizona increases dramatically if you have tickets, at-fault accidents, or DUIs on your record. Fortunately, there are many car insurance companies that offer a variety of packages designed to meet the needs of high-risk drivers.
When it comes to the best car insurance in Arizona for seniors, MoneyGeek found that Auto-Owners Insurance Co shined with a near-perfect blend of satisfaction, affordability, and claims handling. This provider also offers a range of rare coverages, such as gap insurance and diminished value coverage, making it an excellent option for senior motorists in the state. However, it lacks a roadside assistance option, which could be a drawback for some consumers.
Travelers
Travelers offers a variety of home and car insurance policies as well as specialized coverage like rideshare, pet, boat, yacht and valuable item coverage. Its auto policies include rental reimbursement, roadside assistance, accident forgiveness, new-car replacement and more. The company also sells global business insurance that provides liability, property, auto and kidnap coverage for companies that do business abroad.
Despite its robust policy options, Travelers is one of the more expensive insurance companies for both home and auto coverage. Its auto premiums are 38% above the national average and its home insurance costs are 27% higher. However, its claims service is top-notch and the company has a low complaint index.
For drivers who may want to save money, Travelers offers a 90-day telematics program called IntelliDrive that can help lower your auto insurance rates by evaluating driving behaviors such as speeding, acceleration and braking. The program also factors in driver distractions and the time of day when you are driving. The program is available in select states, and bundling can provide discounts.
Another specialized policy offered by Travelers is professional liability, which protects businesses in case they are sued for work or advice that is considered negligent. This type of insurance is available for accountants, lawyers, real estate professionals and other industries. Travelers also offers errors and omissions coverage for individuals.
Liberty Mutual
Liberty Mutual offers a wide range of car insurance policies. The insurer also offers a variety of other insurance types, including life insurance. Its life insurance products include term and whole coverage options, as well as a few riders to customize the policy.The company is accredited by the Better Business Bureau and has an NAIC rating of 2.66, which is above average.
The company has a strong reputation for customer service and offers a wide variety of discounts. Its auto insurance includes roadside assistance, rental car and travel reimbursement, anti-theft system, and pay-in-full discounts. The insurer also offers a deductible fund that decreases your deductible by $100 each year you go without filing a claim. The company also has an app for managing your policy. Its website is easy to navigate and offers a lot of information about your policy.
Its home and auto insurance can be bundled to save money. The company claims that it will save customers $947 a year by bundling home and auto policies. The company also has a solid reputation for customer satisfaction, though it did rank below the industry average in the J.D. Power 2023 U.S. Auto Insurance Study. It also received poor reviews on Trustpilot from users dissatisfied with the quality of its water damage repair services.