There are a wide variety of auto insurance options available to meet the many needs of Arizona drivers. Whether you are shopping for your first auto insurance policy, or just looking for a better rate on an existing policy, Palomino Insurance Agency, Inc. works with only the best insurance providers to ensure that each and every client is provided with a quality auto insurance policy at a competitive price.
Every motorist in Arizona is required to be able to pay for any damages or injuries they cause in a car accident, whether you are in Scottsdale or elsewhere in Maricopa and Pima counties. This can be achieved either through liability insurance, or a certificate of deposit of $40,000 assigned to the Office of the Arizona State Treasurer. Most people choose to meet this requirement through auto insurance.
Arizona Insurance law sets minimum requirements for the liability aspect of every insurance policy, but the minimum requirements can leave you and your vehicle unprotected. You are also required to show proof of this insurance when you register your vehicle, if you are involved in an accident, or if you are stopped by a police officer. Let’s take a look at what is required by Arizona law, as well as optional coverages that are available to offer more substantial levels of protection.
Minimum Arizona Liability Requirements
- $15,000 per person
- $30,000 total per incident
- $10,000 per incident
There are many optional coverages available to protect both you and the investment you have made in your vehicle. This includes collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, rental car coverage, roadside assistance/towing coverage, loan/lease gap coverage, and more. Collision and comprehensive coverage are the most common policy additions.
If you were to cause damage to your own vehicle in any way, collision coverage will cover those damages caused up to your policy limit. It is common for your bank or lender to require that you have some level of collision coverage if you have financed or leased a vehicle. As vehicles age and lose value, collision coverage begins to lose value as well. It can make sense financially to cancel collision coverage on older vehicles that have depreciated significantly.
Comprehensive coverage is available to protect your vehicle when it is damaged by external factors. This includes damages from things such as vandalism, fire, theft, natural disaster, and similar non-collision related damage.
Palomino Insurance Agency, Inc. is committed to helping you choose an affordable policy that meets all of your coverage needs. Whether you are a first time driver, or are just looking for a better rate on your existing policy, we are here to help. Contact us today for a free quote or you may use our Auto Insurance Tool to get started as well!