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Arizona auto insurance
The laws governing auto insurance in Arizona are among
the more straightforward in the USA, which means arranging your insurance
cover is easy and cheap. Below is a guide to the options available, and
the steps you can take to ensure you get the best deal possible.
As with many other states, residents of Arizona are financially liable
for any costs arising from an accident where they are at fault. For this
reason the state law requires drivers to have proof that they can meet
the minimum monetary requirements for any costs laid out by the state.
Two methods of proving this are available; posting a bond with the state,
or obtaining third party insurance.
Residents may if they wish post a bond or certificate of deposit with
the state authorities to the sum of $40,000 to cover the minimum extents
of liability. By doing this the person will be satisfying the legal requirements
and so may lawfully drive on the roads. This option does have its risks,
the money put forward will be used if a claim is made against the individual,
and so by taking this route you could stand to loose your bond money.
A more popular approach is to take out an insurance policy with one of
the state’s insurance providers, this way you can obtain the minimum
legal requirements of liability coverage without putting you own money
forward to cover a claim. The minimum liabilities of the state of Arizona
are $20,000 per person for bodily injuries caused to a third party, $40,000
for total claims, and $10,000 for damage you cause to the other party's
property (usually quoted as 20/40/10). You should note that these are
the minimums required by state law, and that it is worth considering gaining
coverage in excess of these amounts, especially if you have large assets
to protect such as a home or business premises.
All Arizona auto insurance companies will give you the option of adding
additional cover to your policy, such as collision and comprehensive cover.
Collision will cover any damage done to your car as the result of a road
traffic accident, whilst comprehensive goes further and will also cover
car damage caused by things such as vandalism, objects (i.e. tree limbs)
falling onto your car and so on.
Finding the right level of cover for your circumstances is important,
you do not want to find that you are underinsured after an accident, nor
do you want to be paying extra premiums for services that you don’t
require – let us help you find the right deal for you.
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