Is Commonwealth Good for Auto Insurance?
Last Updated on April 27, 2023
Commonwealth Casualty Company is a home and auto insurance company based in Phoenix, Arizona.
Founded in 2010, Commonwealth provides affordable car insurance, homeowners insurance, renters insurance, and roadside assistance, among other products and services.
Is Commonwealth good for auto insurance? Should you buy car insurance through Commonwealth Casualty Company? Find out everything you need to know about Commonwealth car insurance today in our review.
- Commonwealth Casualty Company is a home and auto insurance company based in Phoenix, Arizona, providing affordable car insurance, homeowners insurance, renters insurance, and roadside assistance, among other products and services.
- Commonwealth targets customers who want affordable car insurance from a local Arizona firm, offering minimum liability coverage, full coverage car insurance, collision coverage, comprehensive coverage, and rideshare insurance, among others.
- Commonwealth provides unique coverage options such as safety equipment coverage, medical payments coverage, and water backup protection.
- Commonwealth distinguishes itself from the competition by being affordable, based in Arizona, offering unique coverage options, and targeting budget-conscious customers who want to drive legally in Arizona without breaking the bank.
- What Is Commonwealth?
- Commonwealth Insurance Products & Services
- How Does Commonwealth Auto Insurance Work?
- What Makes Commonwealth Auto Insurance Unique?
- Commonwealth Car Insurance Discounts
- Customer Ratings and Financial Strength
- Our Rating of Commonwealth Car Insurance
- Final Word on Commonwealth Auto Insurance
What Is Commonwealth?
Commonwealth Casualty Company, also known as Commonwealth, has provided car insurance to drivers across Arizona for over a decade.
Since 2010, Commonwealth has offered car insurance products and services to drivers in the greater Phoenix metro area and all other parts of Arizona.
Today, you can request a quote online through CommonwealthCasualty.com. Or, you can contact an independent Commonwealth agent in your area.
A Commonwealth agent can create a suite of insurance products and services matched to your unique needs. You can buy homeowners insurance and auto insurance through Commonwealth. You can also buy renters insurance, roadside assistance, and more.
Commonwealth emphasizes affordable car insurance prices. While Commonwealth’s larger competitors offer the amenities of larger insurers, Commonwealth targets customers who want affordable car insurance from a local Arizona firm.
|Commonwealth Insurance Contact Info|
|Address||2500 North 24th Street Phoenix, AZ 85008|
|Phone Number||(877) 603 1310|
Commonwealth Insurance Products & Services
Commonwealth offers three main types of insurance products and services, including all of the following:
Homeowners Insurance: Commonwealth’s home insurance includes liability coverage, personal property coverage, and other coverages found in ordinary home insurance policies. Commonwealth also covers unique items we don’t see with other home insurance policies, including water back up protection, service line coverage, special computer coverage, and golf cart coverage, among other items.
Renters Insurance: Renters insurance covers your rental property, protecting you from property damage and lawsuits. It also covers your personal property. Commonwealth’s renter’s insurance starts at around $15 per month and covers loss of use, personal property replacement costs, jewelry and computers, and other items.
Auto Insurance: Commonwealth provides car insurance to drivers across Arizona. Your Commonwealth auto insurance policy can match minimum insurance limits or exceed them.
How Does Commonwealth Auto Insurance Work?
Commonwealth auto insurance works similarly to other auto insurance products. You can buy minimum liability coverage through Commonwealth. Or, you can buy full coverage car insurance for added protection.
Because Commonwealth targets the budget market, many customers maintain minimum liability insurance – the bare minimum required to legally drive on Arizona roads.
However, Commonwealth customers can also buy collision coverage and comprehensive coverage to give themselves full coverage auto insurance.
Commonwealth also provides roadside assistance, rideshare insurance, and other bonus coverage options.
Here’s what to expect when dealing with Commonwealth car insurance:
Bodily Injury Liability Coverage: Like most states, Arizona requires drivers to carry bodily injury liability coverage. This coverage protects drivers from liability for medical bills and other emergency expenses. Arizona requires drivers to carry $25,000 of bodily injury liability coverage per person and $50,000 of coverage per accident. Commonwealth can meet these limits or exceed them.
Property Damage Liability Coverage: Arizona also requires drivers to carry $15,000 of property damage liability coverage. It covers property damage to someone’s vehicle or home as a result of an accident. You can maintain minimum coverage through Commonwealth or buy added coverage for extra protection.
Collision Coverage: Collision coverage isn’t required in Arizona or any other state. However, Commonwealth allows drivers to protect their own vehicle with collision coverage, which compensates drivers for vehicle repair costs after an at-fault accident.
Comprehensive Coverage: Commonwealth offers comprehensive coverage, which covers the cost of repairing your vehicle due to damage outside of an accident. If your vehicle is damaged in a windstorm, hailstorm, or another severe weather event in Arizona, for example, then you can make a claim through Commonwealth’s comprehensive coverage. Comprehensive coverage also covers theft, vandalism, and other damage. It’s not required in any state.
Rideshare Insurance: Like most insurers, Commonwealth now offers rideshare insurance. If you drive for Uber, Lyft, or any other rideshare company, then you can buy rideshare insurance for added protection. Rideshare companies only cover you when picking up a passenger or dropping a passenger off. Many drivers buy rideshare insurance for added protection.
Roadside Assistance: Commonwealth offers roadside assistance coverage to policyholders. For a few extra dollars per month, Commonwealth will cover towing, jump start service, flat tire removal, and other emergency roadside services. If your car breaks down and you need assistance, then Commonwealth will cover the cost through its roadside assistance program.
Uninsured and Underinsured Motorist Coverage: Approximately 1 in 7 drivers in Arizona do not have insurance. Although Arizona does not require uninsured and underinsured motorist coverage, many drivers buy this coverage for added protection. Commonwealth offers uninsured and underinsured motorist coverage to drivers across Arizona.
Safety Equipment Coverage: Commonwealth’s car insurance can cover the safety equipment in your vehicle. The company defines safety equipment as your windshield, headlights, and taillights. With safety equipment coverage, Commonwealth covers all these items without requiring you to pay a deductible.
Medical Payments Coverage: Commonwealth’s medical payments coverage covers the medical costs of the insured and family members, regardless of fault.
What Makes Commonwealth Auto Insurance Unique?
All major car insurance companies in the United States serve drivers in Arizona. You have plenty of options – so what makes Commonwealth unique?
Here are some of the ways that Commonwealth distinguishes itself from the competition:
Affordable Insurance: Commonwealth targets the budget market in Arizona by providing cheap car insurance. If you want to pay cheap rates to legally drive in Arizona without breaking the bank, then Commonwealth may be your right choice.
Based in Arizona: Commonwealth was founded in Phoenix, Arizona, in 2010, and the company continues to be based in Arizona today. Phoenix-based Commonwealth may be the right choice if you want a locally owned and operated car insurance company.
Sold Through Agents Across Arizona: Commonwealth may be the right choice if you like the personal approach of dealing with an insurance agent. The company sells insurance through agents – not through a faceless website. You can still get a quote through Commonwealth’s website, although most interactions with the company are done through agents.
Commonwealth Car Insurance Discounts
Commonwealth offers a similar selection of car insurance discounts compared to other insurers, including all of the following:
Multi-Policy Discount: If you bundle your Commonwealth car insurance policy with a home insurance or renters insurance policy, then you receive a discount across all policies. Commonwealth does not disclose the average discount amount, although it’s typically around 20% with other insurers.
Vanishing Deductible Discount: If you add the vanishing deductibles perk to your policy, your deductible drops by $100 every year you go without causing an accident. This is similar to the vanishing deductible perk offered by other insurers, and it can significantly reduce the amount of money you pay when making a claim.
Safe Driving Discount: If you have 3 to 5 years of safe driving experience in Arizona, you may qualify for Commonwealth’s safe driving discount. To qualify, you must have no speeding tickets, at-fault accidents, or other major incidents on your driving record within the last few years.
Customer Ratings and Financial Strength
Based on the NAIC Complaint Index data, it appears that Commonwealth Casualty may have room for improvement regarding customer satisfaction. The company’s complaint index score of 5.16 is notably higher than that of similarly-sized companies, indicating that Commonwealth Casualty receives more than five times the amount of customer complaints. This suggests that there may be areas where the company can focus on enhancing the overall customer experience.
Regarding financial strength, there is not much information about Commonwealth Casualty. None of the three primary financial rating companies for insurance companies (AM Best, Moody’s, and S&P) rate Commonwealth.
Final Word on Commonwealth Auto Insurance
Commonwealth is an Arizona insurance company known for selling budget car insurance to drivers across the state.
Based in Phoenix, Commonwealth has provided insurance products to Arizonans for over a decade. Today, the company sells car insurance through a network of agents across Arizona.
To learn more or to request a quote today, visit Commonwealth online at CommonwealthCasualty.com.