The vehicle model driven is one of the main factors that determines if you can find cheaper car insurance for business use. Vehicles with economical engines, a great safety record, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models. The next list ranks coverage costs for a number of the most affordable vehicles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$1,087|
|Honda Accord LX 4-Dr Sedan||$1,209|
|Ford Edge SEL 2WD||$1,227|
|Ford Escape XLT 4WD||$1,239|
|Chevrolet Malibu LT||$1,278|
|Hyundai Sonata GLS 4-Dr Sedan||$1,339|
|Ford F-150 Lariat King Ranch 2WD||$1,344|
|Jeep Grand Cherokee SRT-8 4WD||$1,350|
|Ford Explorer Eddie Bauer 2WD||$1,346|
|Chevrolet Impala LS||$1,397|
|Honda Odyssey EX W/Rear Entertainment||$1,402|
|Volkswagen Jetta 2.0T Station Wagon||$1,412|
|Toyota Camry LE||$1,422|
|Chevrolet Equinox LT 2WD||$1,427|
|Toyota RAV4 Limited 4WD||$1,432|
|Toyota Camry Hybrid||$1,430|
|Compare Cheap Rates Go|
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rates do not factor in Chandler, AZ location which can revise prices greatly.
Based upon these rates, models like the Honda CR-V, Toyota Prius, Honda Accord, Ford Edge, and Ford Escape are most likely to be the most affordable vehicles to insure for using your car for business. The price of auto insurance will tend to be higher just because there is more risk for business use, but in general those particular models will probably have the cheapest car insurance rates possible.
Finding decent, cost effective auto insurance is tough enough, and determining which company offers the most affordable car insurance rates for business use will require even more perseverance. Each auto insurer uses their own calculation for determining rates in each state, so first we will examine the car insurance companies with the overall best prices in Arizona.
It’s a good idea to be aware that Arizona car insurance rates are influenced by many factors that will increase or decrease the policy price. Simply improving your credit score, adding a teenager to your policy, or getting into an accident may generate price changes resulting in some rates now being cheaper than competitors.
Best Cheap Insurance Rates for Business Use
The Hartford offers some of the cheapest car insurance rates in Chandler at around $820 per year. This is $608 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are also some of the most economical Chandler, AZ car insurance companies.
As illustrated above, if you are a policyholder with Safeco and switched to The Hartford, you may see yearly savings of in the neighborhood of $112. Drivers with Travelers could save as much as $266 a year, and USAA policyholders might realize rate reductions of up to $293 a year.
It’s important to note that these prices are averaged across all insureds and vehicles and and are not figured with a specific vehicle garaging location for business use. So the company that fits your situation best may not even be in the top 28 companies shown above. That’s why you need to compare prices as often as possible using your own driver information and specific vehicle type.
For using your car for business, one of the largest criteria that determine the annual cost of car insurance is where you choose to live in Chandler. Areas with more people or more claims are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.
The illustration below sorts the highest-priced places in Arizona for business use to buy auto insurance in. Chandler shows up at #12 with a yearly cost of $1,115 for car insurance, which is about $93 per month.
|3||San Tan Valley||$1,185|
|24||Lake Havasu City||$870|
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Premium amounts are comparative as zip code location can influence rates substantially.
Drive responsibly or pay higher rates
In a perfect world, the ideal way to enjoy affordable car insurance prices in Arizona for using your car for business is to be an attentive driver and have a clean driving record. The example below illustrates how traffic citations and accidents can drive up auto insurance costs for different age categories. The information is based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,305. Get one speeding ticket and the average cost swells to $2,595, an increase of $290 each year. Now add one accident along with the one speeding ticket and the 12-month cost of car insurance for business use goes up to an average of $3,429. That’s an increase of $1,124, or $94 per month, just for not being a responsible driver!
Discounts on Chandler auto insurance rates
Insurance companies that provide coverage for business use may also offer special discounts that can lower rates by 25% or more if you are eligible to receive them. Popular car insurance companies and a selection of discounts are outlined below.
- State Farm may have discounts that include good driver, driver’s education, Drive Safe & Save, multiple autos, anti-theft, and student away at school.
- Esurance discounts include defensive driver, good driver, online quote, Pac-12 alumni, safety device, and Switch & Save.
- Progressive includes discounts for online signing, online quote discount, good student, continuous coverage, multi-vehicle, homeowner, and multi-policy.
- Liberty Mutual policyholders can earn discounts including new graduate, safety features, good student, exclusive group savings, and new vehicle discount.
- Auto-Owners Insurance may include discounts for air bags, anti-theft, multiple vehicles, anti-lock brakes, group or association, multi-policy, and student away at school.
- GEICO may offer discounts for seat belt use, federal employee, good student, daytime running lights, and membership and employees.
The diagram below visualizes the comparison of insurance rates with and without discounts being applied to the rates. The rates are based on a male driver, no claims or violations, Arizona state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, claim-free, anti-theft, passive restraint, accident-free, and defensive driving course discounts applied. In this example, theaverage amount saved on car insurance for business use is 28% or $475.
Full coverage versus liability-only in Chandler
Lowering the price of car insurance is important to most vehicle owners, and a great way to buy cheaper insurance for business use is to buy only liability coverage. The example below shows the comparison of car insurance costs with full coverage compared to only the Arizona minimum liability coverage. The premiums are based on no violations or claims, $1,000 deductibles, single status, and no discounts are taken into consideration.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs $1,681 per year more than just buying liability only. At some point, every insured wonders if it’s worth it to buy full coverage. There is no clear-cut formula for phasing out comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
How to find cheaper car insurance for business use
Here are some of the better money-saving suggestions that can help drivers buy low-cost coverage.
- Avoid accidents and claims
- Too many claims can make car insurance unaffordable
- Good credit can help you save money
- Do not get tickets or violations
- Get cheaper liability coverage by choosing a safer vehicle
- Compare prices frequently to find the best deal
The last tip in the list is remarkably crucial, as was emphasized in this write-up. Auto insurance prices fluctuate considerably, so don’t be tentative to buy from a new company if a better deal can be had.
Having brand loyalty is commendable, but it’s not a great idea if your bullheadedness ends up costing you potentially thousands of dollars a year. If you have a few minutes, shop around to find cheaper auto insurance for business use in Chandler.