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How much is car insurance in Prescott Valley?
|Area||Average Monthly Car Insurance Premium|
As you can see in the chart above, it is around $16 a month cheaper to insure your vehicle in Prescott Valley than it is in the rest of Arizona.
Compared to the national average cost of auto insurance coverage, Prescott Valley has lower rates. The average monthly payment in Prescott Valley is about $35 cheaper than the rate for the rest of the U.S.
While these numbers are the average rates for auto insurance in Prescott Valley, that doesn't mean it's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
But don't worry, we've broken down the average rate for Prescott Valley residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. And if you're not certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The older you are, the more experience you're likely to have behind the wheel, right? That experience can lead to some serious savings when it comes to car insurance rates. According to the table above, you can see that 18-24-year-olds pay two times the price that drivers 65 and older.
As you get older, you can expect to see a drop in your monthly premium every 10 years. You may see your rates climb back up a bit once you hit retirement in Prescott Valley.
Average Car Insurance Rates by Gender
In general, car insurance rates for women are usually cheaper than they are for men. In Prescott Valley, however, the difference in monthly rates for auto insurance is minimal.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a tremendous impact on your car insurance rates. A clean driving record will obviously get you a lower rate than one with accidents or infractions. In Prescott Valley, a driving record with one accident will usually get you a rate around $53 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $67.
When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$64|
|15 Years or Older||$41|
If you look at the first table above, you'll see that trucks and vans are by and large the cheapest vehicles to insure in Prescott Valley, with drivers paying around $40 per month for insurance.
Car owners can expect to pay an average of around $46 a month for their policy, while SUVs usually cost around $45 a month to insure.
Depending on the age of your vehicle, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. However, once your car is close to 5 years old you may start to see your rates drop back down a bit. In Prescott Valley, vehicles less than one year old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$50|
Generally speaking, car insurance is slightly cheaper for married policyholders. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.
On a national scale, single drivers typically pay more than married couples do for auto insurance. Prescott Valley is no exception, with the difference totaling to around $18 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$77|
Your living situation is another factor that affects your monthly rate. Those who own their own home in Prescott Valley can expect to pay around $3 a month less than those who rent. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your car insurance costs, depending on your insurance company.
Car Insurance Companies in Prescott Valley, AZ
Recent trends in car insurance for Prescott Valley drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.
In Prescott Valley, auto insurance rates rose from 2016-2017, when they reached a high of $52. This shifted in 2018, when car insurance rates began to decrease. They hit a low of $29 in 2019, and finished down in 2021, at $43 a month.
How does Prescott Valley compare to neighboring areas?
Why are car insurance rates in Prescott Valley different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider numerous factors. While we already talked about the ones that affect your personal policy, others are based around where you call home. These include things like:
- Area crime rates
- Availability of off-street parking
- Total number of drivers in the area
- Local regulations
- Road Safety (frequency of local car accidents)
It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Prescott Valley?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But hold on! Compare.com can handle all of this for you. Just enter your ZIP Code below, answer a few questions about your driving profile, and you'll be quickly comparing the cheapest quotes from loads of the car insurance companies that offer auto coverage in Prescott Valley.
Prescott Valley Insurance FAQs
What factors affect car insurance quotes in Prescott Valley?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Prescott Valley different from other neighboring cities?
Parking situations, local laws, and crime rates -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Prescott Valley?
Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Prescott Valley?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Prescott Valley or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.