How Much Does Car Insurance Cost for a Company Car in Utah?

For your employer’s vehicle, one of the largest factors that is looked at to help calculate the price you pay for insurance is the neighborhood you call home in Utah. Densely populated urban areas like West Valley City, Taylorsville, and Draper are more likely to pay higher prices, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.

The next table lists the highest-priced places in Utah for a company car to buy car insurance in.

Annual rates are comparative as the specific geographic location can modify coverage prices noticeably.

Locating cheap auto insurance is difficult, and finding out which companies offer the cheapest insurance rates for a company car will involve even more diligence.

Each auto insurer uses a little different formula for establishing rates, so let’s take a look at the insurance companies that tend to have lower prices in Utah. We do need to point out that Utah insurance rates are impacted by many things which can significantly increase or decrease the price you have to pay for coverage. Taking a driver safety course, marrying your spouse, or getting a reckless driving citation can cause premium changes that can make some companies cheaper in comparison to the competition.

Find Cheaper Car Insurance in Utah

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Bear River may offer some of the lowest car insurance rates in Utah at around $590 a year. USAA, Auto-Owners, American Family, and Allied are also some of the most economical Utah auto insurance companies.

In the rate table above, if you buy coverage from American Family and switched to Bear River, you might achieve a yearly savings of in the neighborhood of $365. Drivers with Allied could save as much as $418 a year, and GEICO customers might reduce prices by as much as $433 a year.

To discover how much you can save, click here to get a free quote or visit several of the following companies.

Remember that these policy prices are averages for all drivers and vehicles and and are not calculated with a price decrease for a company car. So the car insurance company that can offer the best rates for your situation may not even be featured in the list of companies above. That is why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

Accidents and violations increase rates

The recommended way to enjoy cheap insurance for a company car in Utah is to drive safe and avoid accidents and traffic citations. The diagram below demonstrates how speeding tickets and at-fault fender-benders drive up insurance premiums for different age categories. The premiums assume a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.

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The data above shows the average cost of an auto insurance policy in Utah per year with a clean driving record and no accidents is $869. Get written up for two speeding tickets and the average cost rises to $1,223, an increase of $354 each year. Now add one accident along with the two speeding tickets and the annual cost of insurance for a company car jumps again to an average of $1,583. That’s an increase of $714, or $60 per month, just for not paying attention while driving!

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

When it comes to buying car insurance for your employer’s vehicle in Utah, four good companies to start with are State Farm, Allstate, Geico, and Progressive. When combined, they insure over 48% of all policies written in the United States. The next table shows pricing and service ratings, as well as optional policy coverages that are available for customers.

How to find economical insurance for a company car

Lowering your rates is not difficult, and here are a few penny-pinching ideas that can help Utah drivers find cheaper coverage.

• Maintain a clean driving record
• Save money by only buying liability coverage for older vehicles
• Good credit can help you save money
• Increase your deductibles
• Safer vehicles cost less to insure
• Maintain a safe distance and avoid accidents
• Compare rates often to find the best deal

The final tip is notably necessary, as we noted in this piece. Auto insurance rates fluctuate constantly, so drivers shouldn’t be resistant to switch companies if a more affordable price is available. Being loyal to a particular company is commendable, but it isn’t a good idea if it’s costing you money that could be used for better things. It only take a few minutes to compare rates to find cheaper car insurance for a company car.