Cheapest Car Insurance Quotes for Business Use in North Dakota

The make and model of vehicle you are insuring is one of the largest factors when quoting cheap insurance for business use. Vehicles with more horsepower, poor safety features, or a history of substantial liability claims will cost more to insure than safer models.

The table below outlines coverage premiums for some of the most budget-friendly automobiles to insure in North Dakota.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Dakota minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium costs do not factor in your specific North Dakota location which can influence coverage rates significantly.

Based upon the rates shown, you can assume that models like the Toyota Prius, Kia Forte, Ford Escape, and Honda CR-V are likely to be a few of the most economical vehicles to insure for using your car for business. Prices will be more expensive because there is more exposure for business use, but generally speaking those models will most likely have the cheapest car insurance rates compared to all other vehicles.

Comparing quotes for low-cost car insurance is confusing at best, and determining which company has the cheapest auto insurance rates for business use calls for additional perseverance. Insurance rates should be moderately more expensive than the average policy in North Dakota, with the increase attributed to the added risk that comes with offering insurance for using your car for business, but reasonably-priced coverage may be attainable with some perseverence. Every auto insurer has their own guidelines to determine rates, so let’s rank the auto insurance companies with the overall best prices in North Dakota.

Cheapest Insurance Rates for Business Use

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USAA normally has some of the best car insurance rates in North Dakota at around $704 annually. Allied, Nodak Mutual, Grinnell, and State Farm also make the cut as some of the most economical North Dakota car insurance companies.

As depicted above, if you buy coverage from Nodak Mutual and switched to USAA, you might see a yearly savings of in the vicinity of $242. Insureds with Grinnell may save as much as $355 a year, and State Farm customers might reduce rates by $450 a year.

These premiums are averaged across all types of drivers and the different vehicles they drive and do not factor in a price increase for business use. So the auto insurance company that fits your situation best may not even be shown in the above rate chart. That affirms the importance of why you need to get rate quotes using your own individual information.

How to get discounts on North Dakota insurance

Insurers that sell the cheapest auto insurance for business use in North Dakota may also provide special discounts that could potentially reduce rates by as much as 35% if you are eligible to receive them. Popular auto insurance companies and a partial list of their discounts are included below.

• Progressive offers discounts including online signing, continuous coverage, multi-vehicle, multi-policy, online quote discount, good student, and homeowner.
• The Hartford has savings for good student, bundle, defensive driver, anti-theft, and driver training.
• Mercury Insurance policyholders can earn discounts including ease of repair, location of vehicle, multi-policy, low natural disaster claims, age of vehicle, professional/association, and good driver.
• GEICO has discounts for five-year accident-free, seat belt use, defensive driver, air bags, driver training, and membership and employees.
• AAA includes discounts for anti-theft, education and occupation, multi-car, AAA membership discount, good student, and pay-in-full.
• State Farm may have discounts that include passive restraint, Steer Clear safe driver discount, driver’s education, defensive driving training, anti-theft, safe vehicle, and good student.

The diagram below illustrates the comparison of insurance rates with and without discounts applied to the policy rates. The premiums assume a male driver, no claims or violations, North Dakota state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with safe-driver, passive restraint, accident-free, homeowner, vehicle safety, and anti-theft discounts applied. When discounts are factored in, the average savings per year on auto insurance for business use is 28% or $476.

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North Dakota auto insurance companies ranked

Finding the top auto insurance company can be challenging considering how many companies sell coverage in North Dakota. The ranking information displayed below may help you decide which car insurance companies to look at when comparing rates. The ratings below are only comprised of companies who write in the majority of U.S. states, so companies with more of a regional focus are not included in this list.

Best cheap insurance quotes for using your car for business

There are a variety of different ways to quote and buy auto insurance in North Dakota, but the most preferred are through an independent or non-exclusive agent, a captive (or exclusive) agency like Allstate or Auto-Owners, or from a direct company like Geico or Progressive.

They all follow the same basic process, but buyers should know the differences in how they provide rate quotes.

Independent insurance agents work with multiple companies and can get policy pricing from every one. Independent agents can quote with many companies and give you more rates, which may provide you with improved chances of finding a lower rate. If your premiums go up, it’s simple to move the policy which prevents you from having to find a new agency.

An exclusive ageny is limited to one insurance company such as an Allstate or Liberty Mutual agent. These agents are not able to provide rates from more than one company, so you might not find the best rates.

The third popular method of shopping for auto insurance is direct, which means you bypass the middleman (the agent) and instead buy direct either online or via phone. Buying auto insurance direct is a good choice for people who do not need high amounts of coverage and have an above average understanding of how their policy works.

So out of those three methods, which one works best to find the cheapest auto insurance for business use in North Dakota? We wish we could say shopping direct results in the cheapest rates since there is no middleman, but unfortunately, that is not always true. A valid argument could also be made that buying auto insurance from an independent agent is the best way to save because you have more choices, but that’s not always true, either. For some people, exclusive agencies may have very competitive prices that other companies cannot beat.

Since auto insurance prices are based on many different factors, the only true way to ensure you are not overpaying for auto insurance is to compare, compare, and compare some more. We recommend you get quotes from all three to have a good selection of rates to choose from. For a list of companies with some of the cheapest North Dakota auto insurance rates, click here to view.