As summer kicks off in Arizona, the promise of sunny days and desert adventures may be darkened by a shadow looming over some residents. State Farm, one of the largest insurers in the Grand Canyon State, has announced an auto rate increase impacting over 1 million drivers.
Effective June 17, 2024, 1.18 million State Farm customers in Arizona will see a 4.7% rise in their auto insurance premiums. While this only translates to an increase of $51 per year for the average customer, the insurance giant is projected to see an additional $69.9 million in written premiums following the change.
Recent data shows that State Farm is the second largest auto insurance carrier in Arizona by market share. Looking to switch? Check out other top providers in the state, including Geico, Progressive, or USAA. Auto Quote Tracker can help you compare and save!
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How to Avoid Rising Insurance Rates in Arizona
Want to get a better deal on your next auto insurance policy? Start with these tips to lower your premiums and save.
Shop Around to Compare Quotes
With rates changing on a regular basis, shopping around for different insurance policies is the best way to find a deal. Check out our quote comparison tool to get started!
Keep an Eye Out for Discounts
Many auto insurance carriers offer a wide variety of discounts for anything from safe driving to setting up automatic payments. However, if you don’t know what’s out there, you might miss out.
Here are some popular programs to look out for:
- Student discounts
- Group discounts
- Military discounts
- Early shopper discounts
- Defensive driver discounts
- Safety feature discounts
Bundle Your Policies
Setting up auto insurance with the same carrier as your other policies can help you save on your premiums. If you’re paying for homeowners, renters, or other property coverage, you may be able to cut your rates by bundling your auto insurance.
