Best Cheap Car Insurance Quotes for a Company Car in Connecticut

Since we’re writing about auto insurance, the word “cheap” should never appear anywhere in the article to describe car insurance rates. It’s a simple fact that cheap car insurance for a company car can be hard, if not impossible, to find. But don’t despair, because we are going to show you some ways you can still get coverage that is cheaper than your current rate.

For your employer’s vehicle, one of the largest components that insurance companies take into consideration when calculating a rate quote is your zip code in Connecticut. Areas with high crime rates or more dense population like Hartford, New Haven, and West Haven tend to pay more, whereas cities that are not as densely populated have the luxury of lower rates.

The illustration below lists the most costly cities in Connecticut for a company car to buy car insurance in.

Prices are comparative as the garaging address in Connecticut can impact premium rates considerably.

Trying to find budget car insurance is not easy, and determining which company quotes the most affordable auto insurance rates for a company car may require more quotes for comparison. Every car insurance company has their own process for filing rates in each state, so we’ll take a look at the most budget-friendly auto insurance companies in Connecticut.

It’s important that readers know that Connecticut auto insurance rates are influenced by many factors that will increase or decrease the price you pay for coverage. Events like a birthday, buying a different home, or getting a speeding ticket may cause policy rate changes that can now make some companies cheaper in comparison to the competition.

Cheap Insurance Rates in Connecticut

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Utica National quotes some of the lowest car insurance rates in Connecticut at around $1,005 annually. Travelers, Amica, USAA, and Nationwide also make the cut as some of the lowest-priced Connecticut insurance companies.

As shown above, if you buy coverage from Amica and switched to Utica National, you could see annual savings of roughly $202. Drivers with USAA could save as much as $266 a year, and Nationwide insureds might lower prices by up to $420 a year.

Bear in mind that those prices are averages for all ages of drivers and types of vehicles and do not factor in a rate discount for a company car. So the auto insurance company that is best for you may not even be included in the above rate chart. That point stresses why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

The make and model of vehicle you are trying to insure is a large factor when consumers are trying to find the best car insurance for a company car. Vehicles with lower acceleration and performance, a plethora of safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models.

The data below illustrates coverage prices for a selection of the more afforable vehicles to buy coverage for.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Connecticut minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate quotes do not factor in garaging location in Connecticut which can modify auto insurance rates substantially.

Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Connecticut minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in vehicle location which can modify coverage prices significantly.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Connecticut minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in vehicle location which can lower or raise price quotes greatly.

Connecticut auto insurance companies

Picking the best car insurance company can be challenging considering how many companies there are to choose from in Connecticut. The company rank data in the next section can help you analyze which insurers to look at when looking for cheaper rates.

These ratings are only made up of the largest companies in America, so companies that only write business in Connecticut or surrounding areas are not taken into consideration for these rankings. To compare prices from many more Connecticut auto insurance companies, just click here.

Types of discounts on Connecticut car insurance rates

Insurers that sell the best cheap car insurance for a company car in Connecticut may also offer special discounts that could potentially reduce rates by as much as 40% or more if you can meet the requirements. Companies and some of the discounts are shown below.

The example below shows the comparison of car insurance rates with and without some available policy discounts. The premium estimates are based on a male driver, no accidents or driving violations, Connecticut state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, defensive driving course, anti-theft, multiple vehicle, homeowner, and vehicle safety discounts applied. When discounts are applied, the the amount saved on auto insurance for a company car is 13% or $198.

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Progressive, State Farm, Allstate, or Geico: Who is cheapest?

When comparing rates for car insurance for your employer’s vehicle in Connecticut, the most popular companies are Progressive, State Farm, Allstate, and Geico. Combined they have 48.5% of all auto insurance written. The following table compares and contrasts some of the different features offered by each one.