Cheapest Auto Insurance for a Company Car in Mississippi

When shopping for cheaper insurance for your employer’s vehicle, one of the many things that is looked at to determine the annual cost of car insurance is where you live. Areas with more people or more claims like Natchez, Clarksdale, and Jackson will most likely have higher rates, whereas areas with less congestion benefit from lower coverage costs.

The following table illustrates the highest-priced places in Mississippi for a company car to purchase a policy in.

Annual rates are comparative as specific location information can change rates noticeably.

The vehicle you are buying coverage for is a large factor when trying to find the cheapest car insurance for a company car in Mississippi. Vehicles with high performance features, poor safety features, or a track record of large liability claims will cost substantially more to insure than more modest models. The list below ranks coverage prices for a handful of the most affordable vehicles to insure.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Mississippi minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in specific garaging location which can impact coverage prices considerably.

By looking at the data, you can assume that cars like the Hyundai Tucson, Chevrolet Silverado, Toyota Prius, Honda CR-V, and Ford Escape are some of the cheapest vehicles to insure for your employer’s vehicle.

Finding out which company quotes the most affordable auto insurance rates for a company car will involve more time than just comparing a company or two. Each insurer used slightly different criteria for establishing rates, so let’s examine the auto insurance companies with the most affordable rates in Mississippi.

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USAA may have some of the most affordable car insurance rates in Mississippi at around $831 per year. Travelers, Unitrin, Direct General, and ALFA also are some of the cheaper Mississippi auto insurance companies.

As depicted above, if you have coverage with Direct General and switched to Travelers, you may see an annual savings of in the vicinity of $287. Policyholders with ALFA could save as much as $307 a year, and Safeway customers might cut rates by $385 a year.

It’s important to note that these policy rates are averages for all ages of drivers and types of vehicles and and are not calculated with a rate discount for a company car. So the auto insurance company that can offer you the lowest price may not even be included in the company chart above. That underscores the importance of why you need to quote rates from many companies using your own personal information and vehicle type.

Get discounts on Mississippi auto insurance rates

Insurance companies that sell the cheapest car insurance for a company car in Mississippi may also give you rate discounts that could reduce prices by as much as 40% or more if you qualify. A few of the larger companies and their possible discounts can be read below.

• Progressive has savings for online quote discount, homeowner, good student, multi-vehicle, continuous coverage, and multi-policy.
• GEICO offers premium reductions for anti-lock brakes, anti-theft, military active duty, good student, defensive driver, and driver training.
• State Farm includes discounts for Drive Safe & Save, safe vehicle, student away at school, driver’s education, defensive driving training, and multiple autos.
• Esurance may offer discounts for good student, multi-policy, online quote, defensive driver, and Pac-12 alumni.
• The Hartford offers discounts for bundle, air bag, defensive driver, good student, and driver training.

The illustration below illustrates the comparison of auto insurance costs with and without discounts applied. The data assumes a female driver, no claims or driving violations, Mississippi state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with accident-free, anti-theft, vehicle safety, multiple policy, safe-driver, and homeowner discounts applied. When these discounts are applied, the the average amount saved on auto insurance for a company car is 28% or $604.

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Picking a good quality car insurance company is hard considering how many companies are available to choose from in Mississippi. The company information shown below can help you choose which companies you want to consider when comparing rate quotes.

The ratings below include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies that only insure vehicles in Mississippi are not taken into consideration for the list. To compare prices from many more Mississippi auto insurance companies, just click here.

Top 10 Large Auto Insurance Providers Overall in Mississippi

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Top 10 Large Auto Insurance Providers in Mississippi Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. The General
8. 21st Century
9. Esurance
10. Titan Insurance

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

If you’re looking for the cheapest auto insurance for your employer’s vehicle, four of the larger companies to compare rates for are Progressive, Allstate, State Farm, and Geico. The following table compares and contrasts some of the different options that are available for buyers.

Who has the cheapest insurance quotes for your employer’s vehicle?

Drivers have a lot of ways to find lower-cost auto insurance in Mississippi, but the most prevalent methods are using an exclusive insurance agency such as State Farm or Allstate, a non-exclusive or independent agent, or direct from companies such as Progressive or Geico. All three ways can provide auto insurance quotes, but each is slightly different in how they give price quotes.

Independent agents have contracts with many companies and can compare rates with all of them. These types of agencies are not required to write business for one company and can provide you with more rate quotes, which can give you the best chance of finding a lower price. If they find a lower price, your policy can be easily switched to a different company without you having to go to a different agency.

An agent who is captive is only able to place business with a single insurance company, two examples are an Auto-Owners or State Farm agent. These guys and gals cannot provide a range of price quotes, so they are skilled at selling on more than just price.

If you want to buy auto insurance direct, you do not use an exlusive or independent agent and buy direct online or over the phone from a company like Geico or Progressive. This option may be a decent choice people who do not need advice for risk management and have knowledge of what auto insurance covers and what it doesn’t.

So which of the methods works best to find the cheapest car insurance for a company car in Mississippi? We’d like to say buying from a direct company results in the best prices since it doesn’t require paying agent commissions, but unfortunately, that is not the case. We’d also like to say using an independent agent can save the most money because they can quote many companies, but that is not necessarily true either. And often times, the exclusive agents have very competitive rates that cannot be beaten by either independent or direct companies.

Since auto insurance rates vary so much, the only true way to ensure you are not overpaying for auto insurance is to get quotes and compare the rates. We recommend you get price quotes from independent, exclusive, and direct to have the best selection of rates to choose from. A great place to start is our list of online companies offering discounts: click here to view.