Who Has the Cheapest Car Insurance Quotes for a Company Car in Georgia?

Everyone has different tastes in autos, and the style of vehicle requiring coverage is a significant factor when trying to find the best cheap coverage for a company car. Vehicles with more horsepower, a lack of advanced safety features, or a history of substantial liability claims will cost more to insure than safer models. The information below estimates car insurance costs for a number of the more afforable automobiles to insure.

Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in specific zip code location which can impact insurance rates considerably.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in specific location information which can change prices noticeably.

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Prices do not factor in specific garaging location which can alter premiums substantially.

Deciphering which companies quote the most affordable car insurance rates for a company car calls for a little more work than just quoting one company’s rates. Each company uses their own formula for determining rates in each state, so let’s examine the car insurance companies with the overall best prices in Georgia.

It’s a good idea to know that Georgia car insurance rates are influenced by many factors which can substantially decrease or increase the cost of having a policy. Getting older, moving to a new city, or getting a DUI can trigger rate changes that can make some companies cheaper in comparison to the competition.

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Auto-Owners offers some of the best car insurance rates in Georgia at around $839 annually. The Hartford, USAA, Central Mutual, and MetLife also qualify as some of the lowest-priced Georgia auto insurance companies.

As depicted above, if you are a customer of Central Mutual and switched to The Hartford, you could see savings of about $319. Insureds with MetLife might save as much as $390 a year, and Travelers insureds might see rate reductions of $393 a year.

To see how much you can save, click here to get quotes or click through to the companies below.

Understand that those premiums are averages across all drivers and vehicles and are not factoring in a rate discount for a company car. So the insurer that is most affordable for your situation may not even be included in the list of companies shown earlier. That emphasizes why you need to get auto insurance quotes using your own driver information and specific vehicle type.

Does it make sense to buy full coverage?

Finding the cheapest auto insurance for a company car in Georgia is probably important to most people, and one good way to find cheap insurance is to not buy comprehensive and collision coverage. The illustration below illustrates the difference between insurance prices when comparing full coverage to liability only. The rate quotes are based on no accidents, no driving violations, $500 deductibles, single status, and no policy discounts are applied.

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If we average the cost for ages 20 through 70, physical damage coverage costs $2,028 per year more than just buying liability insurance. That raises the question if buying full coverage is a waste of money. There is no exact rule for eliminating full coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s assume your vehicle’s claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after paying your deductible. If you are paying in excess of $400 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are some situations where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Discounts on the cheapest auto insurance for a company car in Georgia

Insurers that offer quotes for a company car may provide special discounts that can reduce rates by 35% or more if you are eligible for them. A few of the larger companies and a partial list of their discounts are detailed below.

• Travelers has discounts for early quote, good student, continuous insurance, driver training, new car, and IntelliDrive.
• 21st Century may have discounts that include teen driver, driver training, defensive driver, anti-lock brakes, air bags, early bird, and good student.
• State Farm has savings for multiple policy, student away at school, good driver, safe vehicle, multiple autos, and driver’s education.
• GEICO policyholders can earn discounts including multi-policy, anti-lock brakes, five-year accident-free, seat belt use, anti-theft, and defensive driver.
• SAFECO offers discounts for anti-lock brakes, multi-car, teen safety rewards, drive less, and accident prevention training.
• AAA may offer discounts for anti-theft, pay-in-full, good student, multi-car, AAA membership discount, multi-policy, and good driver.

The diagram below illustrates the difference between insurance premiums with and without discounts applied to the premium. The data assumes a male driver, no claims, a clean driving record, Georgia state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with multiple vehicle, safe-driver, defensive driving course, marriage, passive restraint, and anti-theft discounts applied. With discounts applied, the average amount saved each year on car insurance for a company car is 28% or $840.

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